NIPPON PAPER INDUSTRIES CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,092 JPY | -0.46% |
|
-1.18% | -13.61% |
| Feb. 20 | Factbox-Asia's sustainable aviation fuel projects and agreements | RE |
| Feb. 20 | Asia's sustainable aviation fuel projects and agreements | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 264,548 | 177,769 | 153,161 | 120,041 | 118,200 | 126,021 | - | - |
| Enterprise Value (EV) 1 | 886,794 | 796,319 | 892,283 | 861,158 | 876,083 | 885,076 | 875,946 | 863,685 |
| P/E ratio | -7.51 x | 12.5 x | 47.9 x | 60.3 x | -2.34 x | 8.47 x | 7.29 x | 6.36 x |
| Yield | 1.31% | 2.6% | 3.02% | 3.85% | - | 0.92% | 2.56% | 3.16% |
| Capitalization / Revenue | 0.25 x | 0.17 x | 0.15 x | 0.11 x | 0.1 x | 0.11 x | 0.11 x | 0.11 x |
| EV / Revenue | 0.83 x | 0.76 x | 0.89 x | 0.82 x | 0.76 x | 0.75 x | 0.75 x | 0.74 x |
| EV / EBITDA | 11.1 x | 8.49 x | 10.5 x | 10.8 x | 21.6 x | 11 x | 9.03 x | 8.59 x |
| EV / FCF | 72.1 x | -259 x | -9.04 x | 77.4 x | -399 x | 136 x | 52.8 x | 46.8 x |
| FCF Yield | 1.39% | -0.39% | -11.1% | 1.29% | -0.25% | 0.73% | 1.89% | 2.14% |
| Price to Book | 0.69 x | 0.47 x | 0.37 x | 0.28 x | 0.3 x | 0.31 x | 0.3 x | 0.29 x |
| Nbr of stocks (in thousands) | 115,725 | 115,510 | 115,506 | 115,535 | 115,542 | 115,404 | - | - |
| Reference price 2 | 2,286 | 1,539 | 1,326 | 1,039 | 1,023 | 1,092 | 1,092 | 1,092 |
| Announcement Date | 5/15/19 | 5/15/20 | 5/14/21 | 5/13/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,068,703 | 1,043,912 | 1,007,339 | 1,045,086 | 1,152,645 | 1,175,669 | 1,174,133 | 1,174,360 |
| EBITDA 1 | 80,037 | 93,753 | 84,928 | 79,655 | 40,473 | 80,641 | 96,980 | 100,575 |
| EBIT 1 | 19,615 | 35,048 | 19,233 | 12,090 | -26,855 | 18,934 | 33,200 | 36,420 |
| Operating Margin | 1.84% | 3.36% | 1.91% | 1.16% | -2.33% | 1.61% | 2.83% | 3.1% |
| Earnings before Tax (EBT) 1 | -27,644 | 21,648 | 10,657 | 7,797 | -41,365 | 28,350 | 26,625 | 29,300 |
| Net income 1 | -35,220 | 14,212 | 3,196 | 1,990 | -50,406 | 15,020 | 16,137 | 17,860 |
| Net margin | -3.3% | 1.36% | 0.32% | 0.19% | -4.37% | 1.28% | 1.37% | 1.52% |
| EPS 2 | -304.3 | 122.9 | 27.67 | 17.23 | -436.3 | 129.0 | 149.8 | 171.6 |
| Free Cash Flow 1 | 12,299 | -3,077 | -98,748 | 11,131 | -2,195 | 6,492 | 16,576 | 18,473 |
| FCF margin | 1.15% | -0.29% | -9.8% | 1.07% | -0.19% | 0.55% | 1.41% | 1.57% |
| FCF Conversion (EBITDA) | 15.37% | - | - | 13.97% | - | 8.05% | 17.09% | 18.37% |
| FCF Conversion (Net income) | - | - | - | 559.35% | - | 43.22% | 102.72% | 103.43% |
| Dividend per Share 2 | 30.00 | 40.00 | 40.00 | 40.00 | - | 10.00 | 28.00 | 34.50 |
| Announcement Date | 5/15/19 | 5/15/20 | 5/14/21 | 5/13/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 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 | 524,876 | 519,036 | 467,403 | 257,942 | 508,402 | 265,574 | 271,110 | 536,684 | 264,773 | 286,145 | 550,918 | 298,482 | 303,245 | 287,424 | 296,518 | 583,942 | 290,574 | 301,628 | 287,424 | 296,518 | 297,000 | 296,400 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 15,195 | 19,853 | 3,971 | 3,285 | 8,113 | 2,310 | 1,667 | 3,977 | -2,924 | -9,057 | -11,981 | -10,785 | -4,089 | 812 | 4,040 | 4,852 | 4,455 | 9,772 | 6,900 | 8,900 | 10,500 | 10,300 |
| Operating Margin | 2.89% | 3.82% | 0.85% | 1.27% | 1.6% | 0.87% | 0.61% | 0.74% | -1.1% | -3.17% | -2.17% | -3.61% | -1.35% | 0.28% | 1.36% | 0.83% | 1.53% | 3.24% | 2.4% | 3% | 3.54% | 3.48% |
| Earnings before Tax (EBT) | 13,013 | - | -4,396 | 4,470 | 7,536 | 809 | - | - | -1,293 | - | -13,774 | -2,507 | - | -3,430 | - | -2,537 | 3,349 | - | - | - | - | - |
| Net income 1 | 9,645 | 4,567 | -8,048 | 325 | 2,196 | 191 | -397 | -206 | -8,197 | - | -22,076 | -3,624 | - | -5,267 | -4,103 | -9,370 | 1,073 | 21,897 | - | - | - | - |
| Net margin | 1.84% | 0.88% | -1.72% | 0.13% | 0.43% | 0.07% | -0.15% | -0.04% | -3.1% | - | -4.01% | -1.21% | - | -1.83% | -1.38% | -1.6% | 0.37% | 7.26% | - | - | - | - |
| EPS | 83.35 | 39.54 | -69.68 | 2.810 | 19.01 | 1.660 | -3.440 | -1.780 | -70.95 | - | -191.1 | -31.36 | - | -45.63 | - | -81.18 | 9.290 | - | - | - | - | - |
| Dividend per Share | 10.00 | - | 10.00 | - | 10.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/6/19 | 5/15/20 | 11/5/20 | 11/5/21 | 11/5/21 | 2/7/22 | 5/13/22 | 5/13/22 | 8/5/22 | 11/9/22 | 11/9/22 | 2/14/23 | 5/15/23 | 8/7/23 | 11/10/23 | 11/10/23 | 2/9/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 622,246 | 618,550 | 739,122 | 741,117 | 757,883 | 759,055 | 749,925 | 737,665 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.774 x | 6.598 x | 8.703 x | 9.304 x | 18.73 x | 9.413 x | 7.733 x | 7.334 x |
| Free Cash Flow 1 | 12,299 | -3,077 | -98,748 | 11,131 | -2,195 | 6,492 | 16,576 | 18,473 |
| ROE (net income / shareholders' equity) | -8.6% | 3.7% | 0.8% | 0.5% | -12.3% | 3.62% | 3.92% | 4.19% |
| ROA (Net income/ Total Assets) | 1.69% | 2.22% | 0.84% | 0.12% | -1.48% | 0.88% | 0.9% | 1% |
| Assets 1 | -2,080,577 | 641,197 | 378,906 | 1,593,275 | 3,396,516 | 1,712,695 | 1,786,401 | 1,790,781 |
| Book Value Per Share 2 | 3,328 | 3,249 | 3,570 | 3,695 | 3,416 | 3,556 | 3,669 | 3,791 |
| Cash Flow per Share | 218.0 | 630.0 | 576.0 | 593.0 | 137.0 | - | - | - |
| Capex 1 | 60,338 | 70,636 | 58,265 | 58,107 | 85,972 | 64,000 | 63,320 | 62,500 |
| Capex / Sales | 5.65% | 6.77% | 5.78% | 5.56% | 7.46% | 5.44% | 5.39% | 5.32% |
| Announcement Date | 5/15/19 | 5/15/20 | 5/14/21 | 5/13/22 | 5/15/23 | - | - | - |
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
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
1,092
JPY
Average target price
1,223
JPY
Spread / Average Target
+12.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.61% | 801M | |
| +29.25% | 6.07B | |
| +28.41% | 2.61B | |
| -6.13% | 1.56B | |
| +4.11% | 1.46B | |
| -20.88% | 1.14B | |
| +12.99% | 980M | |
| -12.40% | 928M | |
| -19.35% | 856M | |
| -5.19% | 784M |
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