NISSAN CHEMICAL CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,476 JPY | -0.40% |
|
+0.81% | -0.54% |
| Feb. 28 | Nissan Chemical to Cancel 1 Million Treasure Shares | MT |
| Feb. 12 | Nissan Chemical's Nine-Month Attributable Net Income Slumps on Lower Basic, Fine Chemical Sales | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 749,256 | 573,181 | 848,962 | 1,023,887 | 840,224 | 759,047 | - | - |
| Enterprise Value (EV) 1 | 739,654 | 567,156 | 839,255 | 1,011,944 | 837,866 | 754,150 | 752,799 | 747,690 |
| P/E ratio | 25.6 x | 18.8 x | 25.5 x | 26.6 x | 20.6 x | 20.2 x | 18.8 x | 17.2 x |
| Yield | 1.62% | 2.28% | 1.76% | 1.69% | 2.74% | 2.99% | 3.06% | 3.25% |
| Capitalization / Revenue | 3.66 x | 2.77 x | 4.06 x | 4.92 x | 3.68 x | 3.35 x | 3.17 x | 3.01 x |
| EV / Revenue | 3.61 x | 2.74 x | 4.01 x | 4.87 x | 3.67 x | 3.32 x | 3.14 x | 2.96 x |
| EV / EBITDA | 15.4 x | 11.5 x | 15.8 x | 16.6 x | 13.3 x | 12 x | 11 x | 10.3 x |
| EV / FCF | 33.4 x | 28.6 x | 34.8 x | 34.2 x | 53.8 x | 21.4 x | 25.5 x | 23 x |
| FCF Yield | 2.99% | 3.5% | 2.88% | 2.92% | 1.86% | 4.66% | 3.93% | 4.35% |
| Price to Book | 4.15 x | 3.12 x | 4.27 x | 4.97 x | 3.85 x | 3.38 x | 3.19 x | 3.02 x |
| Nbr of stocks (in thousands) | 147,782 | 145,477 | 143,648 | 141,616 | 140,271 | 138,613 | - | - |
| Reference price 2 | 5,070 | 3,940 | 5,910 | 7,230 | 5,990 | 5,476 | 5,476 | 5,476 |
| 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 | 204,896 | 206,837 | 209,121 | 207,972 | 228,065 | 226,825 | 239,789 | 252,500 |
| EBITDA 1 | 48,006 | 49,191 | 52,954 | 61,078 | 63,161 | 63,000 | 68,585 | 72,736 |
| EBIT 1 | 37,091 | 38,647 | 42,530 | 50,959 | 52,283 | 48,038 | 53,400 | 57,800 |
| Operating Margin | 18.1% | 18.68% | 20.34% | 24.5% | 22.92% | 21.18% | 22.27% | 22.89% |
| Earnings before Tax (EBT) 1 | 39,098 | 41,003 | 45,481 | 54,160 | 56,605 | 51,880 | 55,850 | 59,583 |
| Net income 1 | 29,372 | 30,779 | 33,470 | 38,776 | 41,087 | 37,816 | 40,347 | 43,664 |
| Net margin | 14.34% | 14.88% | 16.01% | 18.64% | 18.02% | 16.67% | 16.83% | 17.29% |
| EPS 2 | 197.7 | 210.1 | 231.7 | 271.9 | 291.4 | 271.3 | 291.8 | 318.4 |
| Free Cash Flow 1 | 22,132 | 19,841 | 24,139 | 29,554 | 15,583 | 35,171 | 29,578 | 32,524 |
| FCF margin | 10.8% | 9.59% | 11.54% | 14.21% | 6.83% | 15.51% | 12.33% | 12.88% |
| FCF Conversion (EBITDA) | 46.1% | 40.33% | 45.58% | 48.39% | 24.67% | 55.83% | 43.13% | 44.71% |
| FCF Conversion (Net income) | 75.35% | 64.46% | 72.12% | 76.22% | 37.93% | 93.01% | 73.31% | 74.49% |
| Dividend per Share 2 | 82.00 | 90.00 | 104.0 | 122.0 | 164.0 | 164.0 | 167.7 | 177.7 |
| 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 | 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 | 96,466 | - | 94,494 | 114,627 | 45,308 | 91,807 | 49,530 | 66,635 | 116,165 | 58,290 | 51,241 | 109,531 | 49,703 | 68,831 | 118,534 | 54,939 | 50,736 | 105,675 | 49,659 | 71,316 | 122,300 | 57,900 | 53,350 | 52,350 | 70,400 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 18,026 | 20,621 | 17,980 | 24,550 | 9,449 | 21,324 | 12,611 | 17,024 | 29,635 | 17,266 | 10,893 | 28,159 | 10,652 | 13,472 | 24,124 | 14,998 | 9,096 | 24,094 | 9,342 | 15,199 | 24,900 | 14,250 | 11,900 | 10,950 | 16,800 |
| Operating Margin | 18.69% | - | 19.03% | 21.42% | 20.86% | 23.23% | 25.46% | 25.55% | 25.51% | 29.62% | 21.26% | 25.71% | 21.43% | 19.57% | 20.35% | 27.3% | 17.93% | 22.8% | 18.81% | 21.31% | 20.36% | 24.61% | 22.31% | 20.92% | 23.86% |
| Earnings before Tax (EBT) | 19,506 | - | 19,262 | - | 9,964 | 22,287 | 13,718 | 18,155 | 31,873 | 19,492 | 12,494 | 31,986 | 9,355 | 15,264 | - | 17,046 | 9,755 | 26,801 | 8,852 | - | - | - | - | - | - |
| Net income 1 | 14,523 | - | 13,896 | - | 7,442 | 16,291 | 9,349 | 13,136 | 22,485 | 13,869 | 9,815 | 23,684 | 7,076 | 10,327 | - | 12,236 | 7,261 | 19,497 | 6,475 | 12,377 | - | 10,750 | 8,800 | 8,200 | 12,650 |
| Net margin | 15.06% | - | 14.71% | - | 16.43% | 17.74% | 18.88% | 19.71% | 19.36% | 23.79% | 19.15% | 21.62% | 14.24% | 15% | - | 22.27% | 14.31% | 18.45% | 13.04% | 17.36% | - | 18.57% | 16.49% | 15.66% | 17.97% |
| EPS 2 | 98.75 | - | 95.96 | - | - | 113.9 | 65.64 | 92.30 | - | 98.13 | 69.61 | 167.7 | 50.25 | 73.37 | - | 87.40 | 52.15 | 139.6 | 46.47 | 92.67 | - | 78.37 | 66.34 | 58.54 | 97.07 |
| Dividend per Share 2 | 42.00 | - | 46.00 | - | - | 50.00 | - | 72.00 | - | - | 70.00 | 70.00 | - | 94.00 | - | - | 70.00 | 70.00 | - | 94.00 | - | - | 75.00 | - | 99.00 |
| Announcement Date | 11/8/19 | 5/15/20 | 11/12/20 | 5/14/21 | 11/11/21 | 11/11/21 | 2/4/22 | 5/13/22 | 5/13/22 | 8/8/22 | 11/11/22 | 11/11/22 | 2/10/23 | 5/15/23 | 5/15/23 | 8/10/23 | 11/10/23 | 11/10/23 | 2/9/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 9,602 | 6,025 | 9,707 | 11,943 | 2,358 | 4,898 | 6,248 | 11,358 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 22,132 | 19,841 | 24,139 | 29,554 | 15,583 | 35,171 | 29,578 | 32,524 |
| ROE (net income / shareholders' equity) | 16.6% | 16.9% | 17.5% | 19.2% | 19.4% | 17% | 17.6% | 18.1% |
| ROA (Net income/ Total Assets) | 15.8% | 16.1% | 17% | 19.7% | 19.3% | 14.6% | 15.3% | 15.7% |
| Assets 1 | 186,320 | 191,012 | 196,365 | 196,876 | 212,973 | 259,011 | 264,569 | 278,112 |
| Book Value Per Share 2 | 1,220 | 1,264 | 1,384 | 1,454 | 1,557 | 1,620 | 1,715 | 1,814 |
| Cash Flow per Share 2 | 271.0 | 282.0 | 303.0 | 343.0 | 368.0 | 374.0 | 384.0 | 419.0 |
| Capex 1 | 9,938 | 15,709 | 15,800 | 10,951 | 20,272 | 22,500 | 18,000 | 18,500 |
| Capex / Sales | 4.85% | 7.59% | 7.56% | 5.27% | 8.89% | 9.92% | 7.51% | 7.33% |
| 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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
5,476
JPY
Average target price
6,773
JPY
Spread / Average Target
+23.69%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.54% | 4.82B | |
| -0.19% | 74.89B | |
| +0.09% | 46.52B | |
| -4.19% | 30.82B | |
| +9.85% | 18.19B | |
| -10.05% | 11.54B | |
| +6.39% | 11.24B | |
| -8.09% | 9.73B | |
| +2.79% | 9.4B | |
| +6.35% | 9.37B |
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