NIHON SEIKO CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,541 JPY | -0.35% |
|
+3.80% | -0.59% |
| 2023 | Nihon Seiko Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| 2020 | Kawashima Group Submits Shareholder Proposal to Nihon Seiko | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,886 | 5,566 | 4,623 | 6,907 | 9,225 | 7,565 |
| Enterprise Value (EV) 1 | 8,636 | 4,960 | 3,408 | 4,930 | 8,113 | 7,376 |
| P/E ratio | 9.35 x | 6.71 x | 16.2 x | 8.5 x | 5.99 x | 15.7 x |
| Yield | 2.06% | 3.29% | 3.96% | 2.3% | 3.7% | 3.87% |
| Capitalization / Revenue | 0.61 x | 0.4 x | 0.42 x | 0.61 x | 0.54 x | 0.48 x |
| EV / Revenue | 0.59 x | 0.35 x | 0.31 x | 0.44 x | 0.47 x | 0.46 x |
| EV / EBITDA | 4.69 x | 2.88 x | 3.77 x | 3.06 x | 3.06 x | 5.53 x |
| EV / FCF | 16.1 x | 10.7 x | 6.15 x | 5.39 x | -19.2 x | -10.4 x |
| FCF Yield | 6.21% | 9.31% | 16.3% | 18.6% | -5.21% | -9.61% |
| Price to Book | 1.35 x | 0.77 x | 0.63 x | 0.87 x | 0.99 x | 0.8 x |
| Nbr of stocks (in thousands) | 2,441 | 2,441 | 2,441 | 2,440 | 2,440 | 2,440 |
| Reference price 2 | 3,640 | 2,280 | 1,894 | 2,830 | 3,780 | 3,100 |
| Announcement Date | 6/29/18 | 6/28/19 | 6/25/20 | 6/30/21 | 6/30/22 | 6/30/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 14,528 | 14,083 | 10,913 | 11,247 | 17,097 | 15,923 |
| EBITDA 1 | 1,841 | 1,723 | 904 | 1,609 | 2,650 | 1,334 |
| EBIT 1 | 1,421 | 1,252 | 448 | 1,195 | 2,191 | 803 |
| Operating Margin | 9.78% | 8.89% | 4.11% | 10.63% | 12.82% | 5.04% |
| Earnings before Tax (EBT) 1 | 1,390 | 1,214 | 431 | 1,183 | 2,242 | 789 |
| Net income 1 | 951 | 829 | 286 | 813 | 1,540 | 481 |
| Net margin | 6.55% | 5.89% | 2.62% | 7.23% | 9.01% | 3.02% |
| EPS 2 | 389.5 | 339.6 | 117.2 | 333.1 | 631.0 | 197.1 |
| Free Cash Flow 1 | 536 | 461.9 | 553.9 | 915 | -423 | -708.8 |
| FCF margin | 3.69% | 3.28% | 5.08% | 8.14% | -2.47% | -4.45% |
| FCF Conversion (EBITDA) | 29.11% | 26.81% | 61.27% | 56.87% | - | - |
| FCF Conversion (Net income) | 56.36% | 55.71% | 193.66% | 112.55% | - | - |
| Dividend per Share 2 | 75.00 | 75.00 | 75.00 | 65.00 | 140.0 | 120.0 |
| Announcement Date | 6/29/18 | 6/28/19 | 6/25/20 | 6/30/21 | 6/30/22 | 6/30/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,537 | 4,931 | 8,767 | 4,086 | 4,362 | 8,606 | 3,716 | 3,800 | 7,883 | 3,636 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 123 | 484 | 1,302 | 499 | 397 | 608 | 146 | 52 | 207 | 213 |
| Operating Margin | 2.22% | 9.82% | 14.85% | 12.21% | 9.1% | 7.06% | 3.93% | 1.37% | 2.63% | 5.86% |
| Earnings before Tax (EBT) 1 | 101 | 483 | 1,292 | 503 | 425 | 625 | 115 | 68 | 222 | 206 |
| Net income 1 | 59 | 337 | 897 | 346 | 300 | 437 | 77 | 22 | 161 | 155 |
| Net margin | 1.07% | 6.83% | 10.23% | 8.47% | 6.88% | 5.08% | 2.07% | 0.58% | 2.04% | 4.26% |
| EPS 2 | 24.42 | 138.1 | 367.6 | 141.8 | 123.1 | 179.1 | 31.79 | 9.160 | 66.15 | 63.51 |
| Dividend per Share | 37.50 | 25.00 | 50.00 | - | - | 60.00 | - | - | 40.00 | - |
| Announcement Date | 11/1/19 | 11/6/20 | 11/5/21 | 2/4/22 | 8/4/22 | 11/8/22 | 2/3/23 | 8/4/23 | 11/6/23 | 2/6/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 250 | 606 | 1,215 | 1,977 | 1,112 | 189 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 536 | 462 | 554 | 915 | -423 | -709 |
| ROE (net income / shareholders' equity) | 15.4% | 12% | 3.95% | 10.7% | 17.8% | 5.14% |
| ROA (Net income/ Total Assets) | 7.88% | 6.64% | 2.49% | 6.5% | 10.1% | 3.49% |
| Assets 1 | 12,066 | 12,483 | 11,507 | 12,517 | 15,212 | 13,798 |
| Book Value Per Share 2 | 2,696 | 2,952 | 2,985 | 3,264 | 3,810 | 3,855 |
| Cash Flow per Share 2 | 1,064 | 1,120 | 1,190 | 1,434 | 1,264 | 933.0 |
| Capex 1 | 339 | 555 | 652 | 452 | 607 | 679 |
| Capex / Sales | 2.33% | 3.94% | 5.97% | 4.02% | 3.55% | 4.26% |
| Announcement Date | 6/29/18 | 6/28/19 | 6/25/20 | 6/30/21 | 6/30/22 | 6/30/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -0.59% | 39.44M | |
| +5.56% | 103B | |
| -1.80% | 65.6B | |
| +39.52% | 39.06B | |
| +12.91% | 37.58B | |
| +7.41% | 33.26B | |
| +6.85% | 19.22B | |
| +12.86% | 16.83B | |
| +7.73% | 15.03B | |
| +16.93% | 14.96B |
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