NICHIHA CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,630 JPY | +0.69% |
|
-0.14% | +22.43% |
| Feb. 02 | Nichiha's Profit Down 14% in Fiscal Q1-Q3 | MT |
| Feb. 01 | Tranche Update on Nichiha Corporation's Equity Buyback Plan announced on January 31, 2024. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 112,798 | 74,973 | 118,260 | 91,897 | 98,077 | 128,644 | - | - |
| Enterprise Value (EV) 1 | 96,160 | 53,460 | 94,157 | 62,940 | 80,816 | 105,582 | 103,418 | 97,622 |
| P/E ratio | 11.4 x | 7.01 x | 13.3 x | 9.06 x | 10.9 x | 16.1 x | 13.3 x | 12.2 x |
| Yield | 1.84% | 2.93% | 2.26% | 3.86% | 3.59% | 3.14% | 3.15% | 3.29% |
| Capitalization / Revenue | 0.95 x | 0.61 x | 0.99 x | 0.71 x | 0.71 x | 0.88 x | 0.84 x | 0.82 x |
| EV / Revenue | 0.81 x | 0.43 x | 0.79 x | 0.49 x | 0.59 x | 0.72 x | 0.67 x | 0.62 x |
| EV / EBITDA | 5.47 x | 3.01 x | 5.6 x | 3.61 x | 5.35 x | 6.71 x | 5.48 x | 4.84 x |
| EV / FCF | 10.6 x | 6.03 x | 27.4 x | 8.72 x | -11.4 x | 16 x | 11.9 x | 9.02 x |
| FCF Yield | 9.46% | 16.6% | 3.65% | 11.5% | -8.76% | 6.25% | 8.43% | 11.1% |
| Price to Book | 1.28 x | 0.79 x | 1.16 x | 0.83 x | 0.82 x | 1.09 x | 1.02 x | 0.97 x |
| Nbr of stocks (in thousands) | 36,983 | 36,608 | 36,613 | 36,612 | 36,338 | 35,439 | - | - |
| Reference price 2 | 3,050 | 2,048 | 3,230 | 2,510 | 2,699 | 3,630 | 3,630 | 3,630 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/11/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 119,160 | 123,722 | 119,942 | 128,599 | 138,063 | 146,194 | 153,885 | 157,018 |
| EBITDA 1 | 17,566 | 17,768 | 16,823 | 17,412 | 15,104 | 15,728 | 18,860 | 20,188 |
| EBIT 1 | 12,720 | 13,098 | 12,029 | 12,576 | 11,704 | 10,551 | 13,910 | 15,288 |
| Operating Margin | 10.67% | 10.59% | 10.03% | 9.78% | 8.48% | 7.22% | 9.04% | 9.74% |
| Earnings before Tax (EBT) 1 | 13,073 | 13,906 | 12,041 | 14,027 | 12,678 | 11,793 | 14,230 | 15,680 |
| Net income 1 | 9,915 | 10,773 | 8,902 | 10,146 | 9,037 | 8,181 | 9,900 | 10,849 |
| Net margin | 8.32% | 8.71% | 7.42% | 7.89% | 6.55% | 5.6% | 6.43% | 6.91% |
| EPS 2 | 268.1 | 292.2 | 243.2 | 277.1 | 247.2 | 225.3 | 272.6 | 298.8 |
| Free Cash Flow 1 | 9,100 | 8,867 | 3,440 | 7,214 | -7,076 | 6,602 | 8,720 | 10,826 |
| FCF margin | 7.64% | 7.17% | 2.87% | 5.61% | -5.13% | 4.52% | 5.67% | 6.89% |
| FCF Conversion (EBITDA) | 51.8% | 49.9% | 20.45% | 41.43% | - | 41.98% | 46.23% | 53.63% |
| FCF Conversion (Net income) | 91.78% | 82.31% | 38.64% | 71.1% | - | 80.7% | 88.08% | 99.78% |
| Dividend per Share 2 | 56.00 | 60.00 | 73.00 | 97.00 | 97.00 | 114.0 | 114.5 | 119.5 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/11/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 60,600 | 57,381 | 32,326 | 62,683 | 34,514 | 31,402 | 32,100 | 35,109 | 67,209 | 36,485 | 34,369 | 32,827 | 35,581 | 68,408 | 39,416 | 38,141 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 6,076 | 4,583 | 3,510 | 6,616 | 3,852 | 2,108 | 2,648 | 2,817 | 5,465 | 2,944 | 3,295 | 1,626 | 2,178 | 3,804 | 3,867 | 3,250 | - | - | - | - |
| Operating Margin | 10.03% | 7.99% | 10.86% | 10.55% | 11.16% | 6.71% | 8.25% | 8.02% | 8.13% | 8.07% | 9.59% | 4.95% | 6.12% | 5.56% | 9.81% | 8.52% | - | - | - | - |
| Earnings before Tax (EBT) | 6,605 | 4,477 | - | 7,304 | 4,057 | - | 3,545 | - | 6,755 | 2,462 | - | 2,553 | - | 4,961 | 3,255 | - | - | - | - | - |
| Net income 1 | 4,849 | 3,287 | 3,049 | 5,235 | 2,893 | 2,018 | 2,525 | 2,266 | 4,791 | 1,739 | 2,507 | 1,756 | 1,579 | 3,335 | 2,289 | 2,376 | - | - | - | - |
| Net margin | 8% | 5.73% | 9.43% | 8.35% | 8.38% | 6.43% | 7.87% | 6.45% | 7.13% | 4.77% | 7.29% | 5.35% | 4.44% | 4.88% | 5.81% | 6.23% | - | - | - | - |
| EPS 2 | 131.2 | 89.79 | 83.27 | 143.0 | 79.03 | 55.11 | 68.95 | 61.79 | 130.7 | 47.58 | 68.89 | 48.35 | 43.55 | 91.90 | 63.41 | 64.90 | - | - | - | - |
| Dividend per Share 2 | 30.00 | 27.50 | 42.00 | 42.00 | - | 55.00 | - | 48.50 | 48.50 | - | 48.50 | - | 57.00 | 57.00 | - | 57.00 | - | 57.50 | - | 57.50 |
| Announcement Date | 11/7/19 | 11/6/20 | 11/5/21 | 11/5/21 | 1/31/22 | 5/11/22 | 7/29/22 | 11/8/22 | 11/8/22 | 1/31/23 | 5/10/23 | 7/31/23 | 11/8/23 | 11/8/23 | 1/31/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 16,638 | 21,513 | 24,103 | 28,957 | 17,261 | 23,061 | 25,226 | 31,022 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 9,100 | 8,867 | 3,440 | 7,214 | -7,076 | 6,602 | 8,720 | 10,826 |
| ROE (net income / shareholders' equity) | 11.8% | 11.8% | 9.1% | 9.5% | 7.8% | 6.9% | 7.89% | 8.26% |
| ROA (Net income/ Total Assets) | 9.89% | 9.73% | 8.47% | 8.79% | 7.73% | - | - | - |
| Assets 1 | 100,302 | 110,735 | 105,054 | 115,427 | 116,864 | - | - | - |
| Book Value Per Share 2 | 2,374 | 2,579 | 2,783 | 3,039 | 3,295 | 3,336 | 3,547 | 3,729 |
| Cash Flow per Share | 399.0 | 419.0 | 374.0 | 409.0 | 340.0 | - | - | - |
| Capex 1 | 3,873 | 10,805 | 12,366 | 9,973 | 9,355 | 5,265 | 5,750 | 5,750 |
| Capex / Sales | 3.25% | 8.73% | 10.31% | 7.76% | 6.78% | 3.6% | 3.74% | 3.66% |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/11/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
3,630
JPY
Average target price
3,575
JPY
Spread / Average Target
-1.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.43% | 817M | |
| +18.22% | 7.17B | |
| +5.12% | 2.36B | |
| +6.58% | 1.02B | |
| 0.00% | 404M | |
| +4.88% | 362M | |
| +7.79% | 231M | |
| +14.62% | 192M | |
| +11.11% | 169M | |
| -6.77% | 153M |
- Stock Market
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- Financials Nichiha Corporation
