NITERRA CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,066 JPY | +0.60% |
|
+0.98% | +51.27% |
| Apr. 11 | Jefferies Starts Niterra at Hold With 4,700 Yen Price Target | MT |
| Apr. 01 | Tranche Update on Niterra Co., Ltd.'s Equity Buyback Plan announced on July 31, 2023. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 427,586 | 311,827 | 388,781 | 401,898 | 556,226 | 1,016,839 | - | - |
| Enterprise Value (EV) 1 | 454,599 | 368,395 | 436,799 | 384,048 | 541,019 | 957,340 | 919,005 | 876,990 |
| P/E ratio | 9.99 x | 9.33 x | 10.1 x | 6.68 x | 8.39 x | 12.1 x | 11.6 x | 11 x |
| Yield | 3.41% | 4.6% | 3.14% | 5.16% | 6.07% | 3.18% | 3.33% | 3.48% |
| Capitalization / Revenue | 1.01 x | 0.73 x | 0.91 x | 0.82 x | 0.99 x | 1.67 x | 1.61 x | 1.57 x |
| EV / Revenue | 1.07 x | 0.86 x | 1.02 x | 0.78 x | 0.96 x | 1.57 x | 1.46 x | 1.35 x |
| EV / EBITDA | 5.5 x | 4.81 x | 5.32 x | 3.39 x | 4.21 x | 6.31 x | 5.78 x | 5.33 x |
| EV / FCF | -35.3 x | 41.9 x | 20.9 x | 4.68 x | 16.9 x | 15 x | 11.9 x | 10.7 x |
| FCF Yield | -2.83% | 2.38% | 4.78% | 21.4% | 5.9% | 6.66% | 8.38% | 9.33% |
| Price to Book | 1.07 x | 0.78 x | 0.87 x | 0.78 x | 0.99 x | 1.66 x | 1.53 x | 1.42 x |
| Nbr of stocks (in thousands) | 208,172 | 204,880 | 203,444 | 203,287 | 203,299 | 200,718 | - | - |
| Reference price 2 | 2,054 | 1,522 | 1,911 | 1,977 | 2,736 | 5,066 | 5,066 | 5,066 |
| Announcement Date | 4/26/19 | 5/25/20 | 5/7/21 | 4/28/22 | 4/28/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 425,013 | 426,073 | 427,546 | 491,733 | 562,559 | 610,497 | 630,513 | 647,748 |
| EBITDA 1 | 82,636 | 76,630 | 82,089 | 113,452 | 128,413 | 151,709 | 159,084 | 164,467 |
| EBIT 1 | 58,672 | 48,447 | 47,389 | 75,512 | 89,219 | 112,474 | 120,278 | 125,689 |
| Operating Margin | 13.8% | 11.37% | 11.08% | 15.36% | 15.86% | 18.42% | 19.08% | 19.4% |
| Earnings before Tax (EBT) 1 | 59,329 | 44,749 | 52,001 | 83,642 | 93,384 | 120,591 | 125,056 | 130,768 |
| Net income 1 | 42,813 | 33,698 | 38,367 | 60,200 | 66,293 | 84,690 | 88,404 | 92,481 |
| Net margin | 10.07% | 7.91% | 8.97% | 12.24% | 11.78% | 13.87% | 14.02% | 14.28% |
| EPS 2 | 205.6 | 163.1 | 188.6 | 296.0 | 326.1 | 419.8 | 438.3 | 459.0 |
| Free Cash Flow 1 | -12,883 | 8,783 | 20,874 | 82,144 | 31,930 | 63,771 | 76,970 | 81,864 |
| FCF margin | -3.03% | 2.06% | 4.88% | 16.71% | 5.68% | 10.45% | 12.21% | 12.64% |
| FCF Conversion (EBITDA) | - | 11.46% | 25.43% | 72.4% | 24.87% | 42.03% | 48.38% | 49.78% |
| FCF Conversion (Net income) | - | 26.06% | 54.41% | 136.45% | 48.16% | 75.3% | 87.07% | 88.52% |
| Dividend per Share 2 | 70.00 | 70.00 | 60.00 | 102.0 | 166.0 | 160.9 | 168.5 | 176.1 |
| Announcement Date | 4/26/19 | 5/25/20 | 5/7/21 | 4/28/22 | 4/28/23 | - | - | - |
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 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 215,499 | 210,708 | 189,490 | 238,056 | 116,010 | 234,554 | 123,779 | 133,400 | 257,179 | 137,105 | 141,967 | 279,072 | 140,139 | 143,348 | 147,950 | 153,202 | 301,152 | 154,717 | 155,655 | 309,814 | 156,665 | 158,430 | 311,136 | 159,985 | 159,727 | 317,207 | 322,084 | 327,449 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37,085 | - | 40,974 | 41,428 | - | 42,583 | 39,953 | - | - | - |
| EBIT 1 | 26,229 | 20,215 | 16,754 | 30,635 | 16,625 | 33,921 | 20,847 | 20,744 | 41,591 | 27,625 | 25,974 | 53,599 | 26,998 | 8,622 | 28,445 | 28,564 | 57,009 | 30,891 | 25,981 | 57,975 | 30,885 | 31,436 | 63,602 | 31,927 | 27,534 | 63,735 | 66,876 | 66,730 |
| Operating Margin | 12.17% | 9.59% | 8.84% | 12.87% | 14.33% | 14.46% | 16.84% | 15.55% | 16.17% | 20.15% | 18.3% | 19.21% | 19.27% | 6.01% | 19.23% | 18.64% | 18.93% | 19.97% | 16.69% | 18.71% | 19.71% | 19.84% | 20.44% | 19.96% | 17.24% | 20.09% | 20.76% | 20.38% |
| Earnings before Tax (EBT) 1 | 24,379 | - | 16,622 | 35,379 | 15,709 | 33,022 | 24,700 | 25,920 | 50,620 | 34,485 | 27,230 | 61,715 | 21,950 | 9,719 | 36,127 | 29,449 | 65,576 | 29,886 | 27,652 | 57,690 | 31,447 | 32,174 | 65,042 | 32,452 | 31,036 | 65,175 | 68,316 | 68,170 |
| Net income 1 | 17,655 | 12,461 | 12,459 | 25,908 | 12,447 | 25,030 | 17,014 | 18,156 | 35,170 | 23,706 | 19,379 | 43,085 | 16,289 | 6,919 | 24,079 | 22,107 | 46,186 | 22,138 | 17,399 | 42,256 | 22,751 | 22,993 | 47,030 | 23,337 | 22,358 | 47,126 | 49,388 | 49,282 |
| Net margin | 8.19% | 5.91% | 6.58% | 10.88% | 10.73% | 10.67% | 13.75% | 13.61% | 13.68% | 17.29% | 13.65% | 15.44% | 11.62% | 4.83% | 16.28% | 14.43% | 15.34% | 14.31% | 11.18% | 13.64% | 14.52% | 14.51% | 15.12% | 14.59% | 14% | 14.86% | 15.33% | 15.05% |
| EPS 2 | 84.82 | - | 61.25 | 127.3 | 61.20 | 123.0 | 83.68 | 89.31 | 173.0 | 116.6 | 95.33 | 211.9 | 80.12 | 34.03 | 118.4 | 109.2 | 227.6 | 110.2 | 88.56 | - | 111.9 | 113.8 | - | 117.1 | 112.7 | - | - | - |
| Dividend per Share 2 | 35.00 | - | 25.00 | - | 48.00 | 48.00 | - | 54.00 | - | - | 83.00 | 83.00 | - | 83.00 | - | 80.00 | 80.00 | - | 115.0 | - | - | 80.00 | - | - | 80.00 | - | - | - |
| Announcement Date | 10/28/19 | 5/25/20 | 11/9/20 | 5/7/21 | 10/27/21 | 10/27/21 | 1/31/22 | 4/28/22 | 4/28/22 | 7/29/22 | 10/28/22 | 10/28/22 | 1/30/23 | 4/28/23 | 7/31/23 | 10/30/23 | 10/30/23 | 1/31/24 | - | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 27,013 | 56,568 | 48,018 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 17,850 | 15,207 | 59,499 | 97,834 | 139,849 |
| Leverage (Debt/EBITDA) | 0.3269 x | 0.7382 x | 0.585 x | - | - | - | - | - |
| Free Cash Flow 1 | -12,883 | 8,783 | 20,874 | 82,144 | 31,930 | 63,771 | 76,970 | 81,864 |
| ROE (net income / shareholders' equity) | 10.9% | 7.7% | 9.1% | 12.5% | 12.3% | 14.4% | 13.8% | 13.4% |
| ROA (Net income/ Total Assets) | 9.63% | 6.93% | 5.35% | 10.5% | 10.8% | 8.87% | 8.64% | 8.48% |
| Assets 1 | 444,609 | 486,596 | 717,274 | 573,799 | 612,742 | 954,911 | 1,023,312 | 1,090,508 |
| Book Value Per Share 2 | 1,918 | 1,946 | 2,206 | 2,530 | 2,773 | 3,052 | 3,305 | 3,571 |
| Cash Flow per Share 2 | 321.0 | 318.0 | 359.0 | 483.0 | 519.0 | 581.0 | 606.0 | 606.0 |
| Capex 1 | 56,587 | 51,004 | 26,972 | 24,386 | 20,628 | 39,919 | 39,571 | 39,143 |
| Capex / Sales | 13.31% | 11.97% | 6.31% | 4.96% | 3.67% | 6.54% | 6.28% | 6.04% |
| Announcement Date | 4/26/19 | 5/25/20 | 5/7/21 | 4/28/22 | 4/28/23 | - | - | - |
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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
5,066
JPY
Average target price
4,582
JPY
Spread / Average Target
-9.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +51.27% | 6.46B | |
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +31.67% | 17.27B | |
| +1.48% | 15.84B | |
| -14.23% | 14.09B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +28.58% | 10.66B |
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