NIKON CORPORATION

(7731)
  Report
Delayed Japan Exchange  -  12:41 2022-08-16 am EDT
1572.00 JPY   -0.88%
08/05Nomura Adjusts Nikon's Price Target to 1,714 Yen From 1,696 Yen, Keeps at Neutral
MT
08/05Nikon's Fiscal Q1 Profit Falls 25%
MT
08/04TRANSCRIPT : Nikon Corporation, Q1 2023 Earnings Call, Aug 04, 2022
CI
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Nikon Corporation : A support level that should be taken advantage of

03/09/2022 | 03:13am EDT
long trade
Target price hit
Entry price : 1090¥ | Target : 1297¥ | Stop-loss : 944¥ | Potential : 18.99%
The technical support around 1058 JPY emanating from daily closing prices could trigger a technical rebound for Nikon Corporation shares.
Investors have an opportunity to buy the stock and target the ¥ 1297.
Nikon Corporation : Nikon Corporation : A support level that should be taken advantage of
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • The company presents an interesting fundamental situation from a short-term investment perspective.
  • The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.

Strengths
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.37 for the 2022 fiscal year.
  • The company's share price in relation to its net book value makes it look relatively cheap.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • For the past twelve months, EPS forecast has been revised upwards.
  • Over the past four months, analysts' average price target has been revised upwards significantly.
  • The opinion of analysts covering the stock has improved over the past four months.
  • Over the past twelve months, analysts' opinions have been strongly revised upwards.

Weaknesses
  • The potential for earnings per share (EPS) growth in the coming years appears limited according to current analyst estimates.
  • Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
  • The price targets of analysts who cover the stock differ significantly. This implies difficulties in evaluating the company and its business.

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Financials
Sales 2023 616 B 4 632 M 4 632 M
Net income 2023 44 436 M 334 M 334 M
Net cash 2023 175 B 1 314 M 1 314 M
P/E ratio 2023 12,6x
Yield 2023 2,62%
Capitalization 575 B 4 325 M 4 325 M
EV / Sales 2023 0,65x
EV / Sales 2024 0,56x
Nbr of Employees 18 437
Free-Float 93,1%
Upcoming event on NIKON CORPORATION
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 1 586,00 JPY
Average target price 1 781,08 JPY
Spread / Average Target 12,3%
EPS Revisions
Managers and Directors
Toshikazu Umatate President, CEO, Representative Director & CTO
Muneaki Tokunari CFO, Director, Executive VP & Head-Internal Audit
Kazuo Ushida Chairman
Takumi Odajima Representative Director & Head-Legal Affairs
Akio Negishi Independent Outside Director
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