NIKKISO CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,242 JPY | +2.14% |
|
-0.08% | +20.58% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 65,706 | 102,626 | 71,533 | 57,283 | 62,788 | 68,169 |
| Enterprise Value (EV) 1 | 152,635 | 200,965 | 174,747 | 175,381 | 103,320 | 116,333 |
| P/E ratio | 9.51 x | 15.1 x | 10.9 x | 259 x | 4.87 x | 7.52 x |
| Yield | 1.95% | 1.39% | 1.99% | 2.49% | 2.63% | - |
| Capitalization / Revenue | 0.4 x | 0.62 x | 0.45 x | 0.34 x | 0.35 x | 0.35 x |
| EV / Revenue | 0.92 x | 1.21 x | 1.1 x | 1.05 x | 0.58 x | 0.6 x |
| EV / EBITDA | 9.27 x | 9.68 x | 9.5 x | 13.4 x | 14.3 x | 7.65 x |
| EV / FCF | 98.1 x | 55.7 x | -105 x | -20.4 x | 13.7 x | 12 x |
| FCF Yield | 1.02% | 1.79% | -0.95% | -4.9% | 7.32% | 8.3% |
| Price to Book | 0.86 x | 1.26 x | 0.83 x | 0.62 x | 0.55 x | 0.55 x |
| Nbr of stocks (in thousands) | 71,188 | 71,219 | 71,248 | 71,248 | 66,162 | 66,183 |
| Reference price 2 | 923.0 | 1,441 | 1,004 | 804.0 | 949.0 | 1,030 |
| Announcement Date | 3/29/19 | 3/30/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 165,326 | 165,780 | 158,542 | 167,759 | 177,109 | 192,629 |
| EBITDA 1 | 16,461 | 20,756 | 18,402 | 13,087 | 7,238 | 15,209 |
| EBIT 1 | 10,126 | 11,762 | 9,613 | 3,226 | -2,579 | 4,758 |
| Operating Margin | 6.12% | 7.09% | 6.06% | 1.92% | -1.46% | 2.47% |
| Earnings before Tax (EBT) 1 | 9,740 | 11,379 | 9,045 | 3,951 | 32,682 | 11,625 |
| Net income 1 | 7,448 | 6,813 | 6,560 | 221 | 13,639 | 9,071 |
| Net margin | 4.51% | 4.11% | 4.14% | 0.13% | 7.7% | 4.71% |
| EPS 2 | 97.09 | 95.53 | 91.96 | 3.100 | 195.0 | 136.9 |
| Free Cash Flow 1 | 1,556 | 3,606 | -1,668 | -8,598 | 7,558 | 9,655 |
| FCF margin | 0.94% | 2.17% | -1.05% | -5.13% | 4.27% | 5.01% |
| FCF Conversion (EBITDA) | 9.45% | 17.37% | - | - | 104.43% | 63.48% |
| FCF Conversion (Net income) | 20.88% | 52.92% | - | - | 55.42% | 106.43% |
| Dividend per Share 2 | 18.00 | 20.00 | 20.00 | 20.00 | 25.00 | - |
| Announcement Date | 3/29/19 | 3/30/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 74,833 | - | 77,578 | 41,192 | 48,989 | - | 40,730 | 46,824 | 87,554 | 43,650 | 45,905 | - | 40,856 | 46,363 | 87,219 | 46,280 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 4,162 | - | 3,584 | 599 | -1,058 | - | -270 | -16 | -286 | 35,616 | -1,108 | - | -861 | 887 | 26 | 1,674 |
| Operating Margin | - | 5.56% | - | 4.62% | 1.45% | -2.16% | - | -0.66% | -0.03% | -0.33% | 81.59% | -2.41% | - | -2.11% | 1.91% | 0.03% | 3.62% |
| Earnings before Tax (EBT) 1 | - | 3,863 | - | 4,120 | 527 | -695 | - | 911 | 2,337 | 3,248 | 31,507 | -2,073 | - | 876 | 4,568 | 5,444 | 3,138 |
| Net income 1 | - | 2,844 | - | 754 | 229 | -762 | - | 624 | 1,287 | 1,911 | 13,012 | -1,284 | - | 163 | 3,710 | 3,873 | 2,395 |
| Net margin | - | 3.8% | - | 0.97% | 0.56% | -1.56% | - | 1.53% | 2.75% | 2.18% | 29.81% | -2.8% | - | 0.4% | 8% | 4.44% | 5.18% |
| EPS 2 | - | 39.93 | - | 10.59 | 3.210 | -10.69 | - | 8.770 | - | 26.83 | 183.7 | - | - | 2.470 | - | 58.54 | 36.19 |
| Dividend per Share | 10.00 | 10.00 | 10.00 | 10.00 | - | 10.00 | 10.00 | - | - | 12.50 | - | - | 12.50 | - | - | 12.50 | - |
| Announcement Date | 2/14/20 | 8/14/20 | 2/12/21 | 8/12/21 | 11/12/21 | 2/14/22 | 2/14/22 | 5/16/22 | 8/15/22 | 8/15/22 | 11/14/22 | 2/14/23 | 2/14/23 | 5/15/23 | 8/14/23 | 8/14/23 | 11/13/23 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 86,929 | 98,339 | 103,214 | 118,098 | 40,532 | 48,164 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.281 x | 4.738 x | 5.609 x | 9.024 x | 5.6 x | 3.167 x |
| Free Cash Flow 1 | 1,556 | 3,606 | -1,668 | -8,598 | 7,558 | 9,655 |
| ROE (net income / shareholders' equity) | 9.79% | 8.7% | 7.84% | 0.41% | 13.2% | 7.55% |
| ROA (Net income/ Total Assets) | 2.56% | 2.92% | 2.28% | 0.71% | -0.55% | 1.02% |
| Assets 1 | 290,972 | 232,987 | 287,102 | 31,343 | -2,477,566 | 888,965 |
| Book Value Per Share 2 | 1,076 | 1,145 | 1,212 | 1,294 | 1,726 | 1,880 |
| Cash Flow per Share 2 | 411.0 | 285.0 | 401.0 | 407.0 | 732.0 | 488.0 |
| Capex 1 | 11,959 | 5,699 | 11,945 | 11,302 | 7,248 | 8,075 |
| Capex / Sales | 7.23% | 3.44% | 7.53% | 6.74% | 4.09% | 4.19% |
| Announcement Date | 3/29/19 | 3/30/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +20.58% | 522M | |
| +12.53% | 82.35B | |
| +20.03% | 71.09B | |
| +20.14% | 37.73B | |
| +15.57% | 32.01B | |
| +9.19% | 27.2B | |
| +4.54% | 26.74B | |
| +3.90% | 26B | |
| +13.27% | 25.5B | |
| +16.95% | 24.76B |
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- Financials Nikkiso Co., Ltd.
