NISSIN FOODS HOLDINGS CO.,LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,146 JPY | -1.43% |
|
+1.99% | -15.75% |
| Apr. 24 | Investor group urges Toyo Suisan to focus on instant noodles, exit legacy business | RE |
| Apr. 08 | How food companies like Coke and Kraft-Heinz are targeting low-income Americans | RE |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 791,593 | 937,500 | 855,252 | 880,534 | 1,229,334 | 1,260,624 | - | - |
| Enterprise Value (EV) 1 | 768,635 | 925,598 | 812,888 | 823,444 | 1,178,166 | 1,212,460 | 1,207,527 | 1,181,391 |
| P/E ratio | 40.9 x | 32 x | 20.9 x | 24.9 x | 27.5 x | 22.3 x | 20.5 x | 19.6 x |
| Yield | 1.45% | 1.22% | 1.46% | 1.52% | 1.15% | 1.65% | 1.77% | 1.91% |
| Capitalization / Revenue | 1.76 x | 2 x | 1.69 x | 1.55 x | 1.84 x | 1.73 x | 1.65 x | 1.59 x |
| EV / Revenue | 1.7 x | 1.97 x | 1.61 x | 1.45 x | 1.76 x | 1.66 x | 1.58 x | 1.49 x |
| EV / EBITDA | 15.6 x | 13.9 x | 10 x | 11 x | 13.9 x | 11.1 x | 10.2 x | 9.47 x |
| EV / FCF | -45.5 x | 54.1 x | 21 x | 33.4 x | 36 x | 84.9 x | 27.9 x | 25.2 x |
| FCF Yield | -2.2% | 1.85% | 4.76% | 2.99% | 2.78% | 1.18% | 3.58% | 3.96% |
| Price to Book | 2.42 x | 2.86 x | 2.23 x | 2.15 x | 2.86 x | 2.69 x | 2.48 x | 2.3 x |
| Nbr of stocks (in thousands) | 312,471 | 312,500 | 312,516 | 308,238 | 304,040 | 304,058 | - | - |
| Reference price 2 | 2,533 | 3,000 | 2,737 | 2,857 | 4,043 | 4,146 | 4,146 | 4,146 |
| Announcement Date | 5/9/19 | 5/11/20 | 5/11/21 | 5/13/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 450,984 | 468,879 | 506,107 | 569,722 | 669,248 | 729,348 | 763,670 | 793,218 |
| EBITDA 1 | 49,271 | 66,443 | 80,895 | 74,854 | 84,834 | 109,358 | 117,851 | 124,773 |
| EBIT 1 | 28,967 | 41,252 | 55,532 | 46,614 | 55,636 | 78,614 | 85,674 | 90,045 |
| Operating Margin | 6.42% | 8.8% | 10.97% | 8.18% | 8.31% | 10.78% | 11.22% | 11.35% |
| Earnings before Tax (EBT) 1 | 31,166 | 42,650 | 56,233 | 49,182 | 57,950 | 80,679 | 87,612 | 91,980 |
| Net income 1 | 19,356 | 29,316 | 40,828 | 35,412 | 44,760 | 56,571 | 61,371 | 64,240 |
| Net margin | 4.29% | 6.25% | 8.07% | 6.22% | 6.69% | 7.76% | 8.04% | 8.1% |
| EPS 2 | 61.95 | 93.82 | 130.6 | 114.5 | 146.9 | 186.0 | 201.8 | 211.6 |
| Free Cash Flow 1 | -16,900 | 17,120 | 38,682 | 24,627 | 32,700 | 14,284 | 43,287 | 46,821 |
| FCF margin | -3.75% | 3.65% | 7.64% | 4.32% | 4.89% | 1.96% | 5.67% | 5.9% |
| FCF Conversion (EBITDA) | - | 25.77% | 47.82% | 32.9% | 38.55% | 13.06% | 36.73% | 37.52% |
| FCF Conversion (Net income) | - | 58.4% | 94.74% | 69.54% | 73.06% | 25.25% | 70.53% | 72.88% |
| Dividend per Share 2 | 36.67 | 36.67 | 40.00 | 43.33 | 46.67 | 68.55 | 73.48 | 79.28 |
| Announcement Date | 5/9/19 | 5/11/20 | 5/11/21 | 5/13/22 | 5/10/23 | - | - | - |
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 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 221,361 | 247,518 | 241,131 | 264,976 | 142,500 | 275,000 | 149,758 | 144,964 | - | 149,263 | 167,691 | 316,954 | 184,513 | 167,781 | - | 166,470 | 183,900 | 350,370 | 198,551 | 183,617 | - | 176,500 | 193,600 | 208,400 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | 21,089 | - | 28,994 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 19,721 | 21,531 | 31,840 | 23,692 | 13,600 | 26,800 | 15,752 | 4,062 | - | 13,256 | 13,775 | 27,032 | 21,675 | 6,929 | - | 20,879 | 24,023 | 44,903 | 23,656 | 10,200 | - | 22,200 | 27,300 | 26,100 | - | - | - | - |
| Operating Margin | 8.91% | 8.7% | 13.2% | 8.94% | 9.54% | 9.75% | 10.52% | 2.8% | - | 8.88% | 8.21% | 8.53% | 11.75% | 4.13% | - | 12.54% | 13.06% | 12.82% | 11.91% | 5.55% | - | 12.58% | 14.1% | 12.52% | - | - | - | - |
| Earnings before Tax (EBT) | 20,427 | - | 32,148 | 24,085 | 13,865 | 27,868 | 16,754 | 4,560 | - | 13,991 | 14,067 | 28,059 | 22,524 | 7,367 | - | 21,960 | 24,515 | 46,476 | 24,425 | - | - | - | - | - | - | - | - | - |
| Net income 1 | 13,469 | - | 21,973 | 18,855 | 9,200 | 17,122 | 13,625 | 4,687 | - | 7,530 | 9,852 | 17,382 | 17,541 | 9,837 | - | 14,031 | 17,979 | 32,010 | 17,040 | 9,195 | - | - | - | - | - | - | - | - |
| Net margin | 6.08% | - | 9.11% | 7.12% | 6.46% | 6.23% | 9.1% | 3.23% | - | 5.04% | 5.88% | 5.48% | 9.51% | 5.86% | - | 8.43% | 9.78% | 9.14% | 8.58% | 5.01% | - | - | - | - | - | - | - | - |
| EPS 2 | 43.10 | - | 70.31 | - | 29.81 | 55.15 | 44.12 | 15.23 | - | 24.61 | 32.37 | 56.96 | 57.69 | 32.29 | - | 46.15 | 59.13 | 105.3 | 56.04 | 32.35 | - | 51.29 | 63.54 | 60.89 | - | - | - | - |
| Dividend per Share 2 | 18.33 | 18.33 | 18.33 | 21.67 | 23.33 | 23.33 | - | - | 20.00 | - | - | 21.67 | - | - | 25.00 | - | 26.67 | 26.67 | - | 33.33 | 43.30 | - | 35.00 | - | 35.00 | 45.00 | 33.33 | 47.00 |
| Announcement Date | 11/7/19 | 5/11/20 | 11/6/20 | 5/11/21 | 11/5/21 | 11/5/21 | 2/3/22 | 5/13/22 | 5/13/22 | 8/4/22 | 11/10/22 | 11/10/22 | 2/6/23 | 5/10/23 | 5/10/23 | 8/3/23 | 11/9/23 | 11/9/23 | 2/13/24 | - | - | - | - | - | - | - | - | - |
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 | 22,958 | 11,902 | 42,364 | 57,090 | 51,168 | 48,164 | 53,097 | 79,233 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -16,900 | 17,120 | 38,682 | 24,627 | 32,700 | 14,284 | 43,287 | 46,821 |
| ROE (net income / shareholders' equity) | 5.9% | 9% | 11.5% | 8.95% | 10.7% | 12.5% | 12.5% | 12.1% |
| ROA (Net income/ Total Assets) | 5.54% | 7.52% | 9.07% | 5.26% | 8.33% | 7.7% | 7.65% | 7.48% |
| Assets 1 | 349,560 | 389,803 | 450,206 | 673,475 | 537,505 | 734,684 | 802,234 | 859,393 |
| Book Value Per Share 2 | 1,046 | 1,050 | 1,229 | 1,327 | 1,416 | 1,542 | 1,674 | 1,804 |
| Cash Flow per Share 2 | 127.0 | 174.0 | 212.0 | 206.0 | 243.0 | 281.0 | 305.0 | 323.0 |
| Capex 1 | 57,640 | 39,799 | 34,032 | 28,309 | 32,535 | 67,483 | 54,624 | 55,196 |
| Capex / Sales | 12.78% | 8.49% | 6.72% | 4.97% | 4.86% | 9.25% | 7.15% | 6.96% |
| Announcement Date | 5/9/19 | 5/11/20 | 5/11/21 | 5/13/22 | 5/10/23 | - | - | - |
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
BUY
Number of Analysts
11
Last Close Price
4,146
JPY
Average target price
5,555
JPY
Spread / Average Target
+33.97%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.75% | 8.01B | |
| +0.24% | 7.62B | |
| -4.05% | 1.64B | |
| -9.71% | 930M | |
| -19.68% | 669M | |
| -8.19% | 608M | |
| -22.81% | 572M | |
| +13.30% | 519M | |
| -11.65% | 362M | |
| -29.26% | 269M |
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- Financials Nissin Foods Holdings Co.,Ltd.
