NIPPON SHOKUBAI CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,492 JPY | +0.91% |
|
+1.43% | +9.79% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 287,918 | 197,390 | 252,814 | 212,533 | 207,576 | 230,385 | - | - |
| Enterprise Value (EV) 1 | 297,117 | 209,552 | 269,341 | 232,847 | 226,152 | 241,347 | 230,644 | 224,799 |
| P/E ratio | 12.1 x | 17.8 x | -23.2 x | 8.96 x | 10.8 x | 21.1 x | 16.8 x | 13.3 x |
| Yield | 2.35% | 3.64% | 1.42% | 3.38% | 3.41% | 3.02% | 3.05% | 3.27% |
| Capitalization / Revenue | 0.85 x | 0.65 x | 0.93 x | 0.58 x | 0.49 x | 0.59 x | 0.57 x | 0.55 x |
| EV / Revenue | 0.88 x | 0.69 x | 0.99 x | 0.63 x | 0.54 x | 0.62 x | 0.57 x | 0.54 x |
| EV / EBITDA | 5.74 x | 5.01 x | 19.9 x | 4.02 x | 4.28 x | 5.18 x | 4.47 x | 4.04 x |
| EV / FCF | 133 x | 44.7 x | 57.9 x | 19.6 x | 14.6 x | 9.52 x | 11.7 x | 9.15 x |
| FCF Yield | 0.75% | 2.24% | 1.73% | 5.11% | 6.84% | 10.5% | 8.57% | 10.9% |
| Price to Book | 0.89 x | 0.62 x | 0.8 x | 0.62 x | 0.57 x | 0.64 x | 0.62 x | 0.6 x |
| Nbr of stocks (in thousands) | 159,511 | 159,507 | 159,504 | 159,500 | 157,255 | 154,465 | - | - |
| Reference price 2 | 1,805 | 1,238 | 1,585 | 1,332 | 1,320 | 1,492 | 1,492 | 1,492 |
| Announcement Date | 5/8/19 | 5/8/20 | 5/11/21 | 5/12/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 338,869 | 302,150 | 273,163 | 369,293 | 419,568 | 391,176 | 404,840 | 418,705 |
| EBITDA 1 | 51,796 | 41,831 | 13,549 | 57,937 | 52,840 | 46,556 | 51,618 | 55,708 |
| EBIT 1 | 26,170 | 13,178 | -15,921 | 29,062 | 23,528 | 15,984 | 18,825 | 22,172 |
| Operating Margin | 7.72% | 4.36% | -5.83% | 7.87% | 5.61% | 4.09% | 4.65% | 5.3% |
| Earnings before Tax (EBT) 1 | 32,119 | 15,748 | -12,926 | 33,675 | 26,175 | 16,040 | 20,250 | 24,575 |
| Net income 1 | 23,849 | 11,094 | -10,899 | 23,720 | 19,392 | 11,036 | 13,775 | 17,375 |
| Net margin | 7.04% | 3.67% | -3.99% | 6.42% | 4.62% | 2.82% | 3.4% | 4.15% |
| EPS 2 | 149.5 | 69.55 | -68.33 | 148.7 | 122.1 | 70.55 | 88.96 | 111.8 |
| Free Cash Flow 1 | 2,235 | 4,693 | 4,654 | 11,900 | 15,471 | 25,345 | 19,777 | 24,582 |
| FCF margin | 0.66% | 1.55% | 1.7% | 3.22% | 3.69% | 6.48% | 4.89% | 5.87% |
| FCF Conversion (EBITDA) | 4.32% | 11.22% | 34.35% | 20.54% | 29.28% | 54.44% | 38.31% | 44.13% |
| FCF Conversion (Net income) | 9.37% | 42.3% | - | 50.17% | 79.78% | 229.65% | 143.57% | 141.48% |
| Dividend per Share 2 | 42.50 | 45.00 | 22.50 | 45.00 | 45.00 | 45.00 | 45.50 | 48.75 |
| Announcement Date | 5/8/19 | 5/8/20 | 5/11/21 | 5/12/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 153,292 | 148,858 | 124,668 | 148,495 | 86,931 | 172,988 | 96,825 | 99,480 | 196,305 | 111,505 | 108,163 | 219,668 | 105,869 | 94,031 | 199,900 | 97,362 | 96,939 | 194,301 | 98,061 | 104,248 | 205,700 | 102,600 | 103,750 | 104,150 | 105,350 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 6,638 | 6,540 | -1,188 | -14,733 | 8,518 | 15,177 | 8,712 | 5,173 | 13,885 | 9,026 | 8,313 | 17,339 | 8,296 | -2,107 | 6,189 | 6,721 | 3,285 | 10,006 | 4,437 | 2,619 | 6,000 | 4,100 | 4,400 | 5,050 | 5,200 |
| Operating Margin | 4.33% | 4.39% | -0.95% | -9.92% | 9.8% | 8.77% | 9% | 5.2% | 7.07% | 8.09% | 7.69% | 7.89% | 7.84% | -2.24% | 3.1% | 6.9% | 3.39% | 5.15% | 4.52% | 2.51% | 2.92% | 4% | 4.24% | 4.85% | 4.94% |
| Earnings before Tax (EBT) 1 | 8,673 | 7,075 | -72 | -12,854 | 9,638 | 17,750 | 9,764 | 6,161 | 15,925 | 11,122 | 9,110 | 20,232 | 8,045 | -2,102 | 5,943 | 7,019 | 2,766 | 9,785 | 4,404 | 4,000 | 6,200 | 4,500 | 5,000 | 6,000 | 6,000 |
| Net income 1 | 5,731 | 5,363 | -1,183 | -9,716 | 6,707 | 12,350 | 6,986 | 4,384 | 11,370 | 7,591 | 6,478 | 14,069 | 6,370 | -1,047 | 5,323 | 4,575 | 2,286 | 6,861 | 2,945 | 2,700 | 3,900 | 3,200 | 3,500 | 4,300 | 4,300 |
| Net margin | 3.74% | 3.6% | -0.95% | -6.54% | 7.72% | 7.14% | 7.22% | 4.41% | 5.79% | 6.81% | 5.99% | 6.4% | 6.02% | -1.11% | 2.66% | 4.7% | 2.36% | 3.53% | 3% | 2.59% | 1.9% | 3.12% | 3.37% | 4.13% | 4.08% |
| EPS 2 | 35.93 | - | -7.415 | - | 42.05 | 77.43 | 43.80 | 27.48 | - | 47.59 | 40.61 | 88.20 | 40.09 | -6.222 | - | 29.09 | 14.54 | 43.63 | 18.95 | 10.62 | - | - | - | - | - |
| Dividend per Share | - | - | 11.25 | - | - | 20.00 | - | - | - | - | - | 22.50 | - | - | - | - | - | 22.50 | - | - | - | - | - | - | - |
| Announcement Date | 11/6/19 | 5/8/20 | 11/6/20 | 5/11/21 | 11/5/21 | 11/5/21 | 2/3/22 | 5/12/22 | 5/12/22 | 8/4/22 | 11/7/22 | 11/7/22 | 2/6/23 | 5/12/23 | 5/12/23 | 8/7/23 | 11/7/23 | 11/7/23 | 2/6/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 9,199 | 12,162 | 16,527 | 20,314 | 18,576 | 10,962 | 259 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 5,585 |
| Leverage (Debt/EBITDA) | 0.1776 x | 0.2907 x | 1.22 x | 0.3506 x | 0.3516 x | 0.2355 x | 0.005027 x | - |
| Free Cash Flow 1 | 2,235 | 4,693 | 4,654 | 11,900 | 15,471 | 25,345 | 19,777 | 24,582 |
| ROE (net income / shareholders' equity) | 7.9% | 3.5% | -3.4% | 7.2% | 5.5% | 3% | 4.26% | 4.6% |
| ROA (Net income/ Total Assets) | 6.75% | 3.45% | -2.3% | 6.8% | 5.03% | 2.7% | 3.86% | 4.33% |
| Assets 1 | 353,354 | 321,351 | 473,622 | 348,587 | 385,791 | 408,741 | 357,328 | 401,270 |
| Book Value Per Share 2 | 2,025 | 2,004 | 1,990 | 2,156 | 2,303 | 2,347 | 2,402 | 2,468 |
| Cash Flow per Share 2 | 310.0 | 249.0 | 116.0 | 330.0 | 307.0 | 334.0 | 271.0 | - |
| Capex 1 | 33,683 | 32,319 | 32,731 | 23,113 | 23,634 | 19,305 | 24,163 | 25,093 |
| Capex / Sales | 9.94% | 10.7% | 11.98% | 6.26% | 5.63% | 4.94% | 5.97% | 5.99% |
| Announcement Date | 5/8/19 | 5/8/20 | 5/11/21 | 5/12/22 | 5/12/23 | - | - | - |
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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
1,492
JPY
Average target price
1,374
JPY
Spread / Average Target
-7.89%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.79% | 1.46B | |
| +5.14% | 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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