NITTA CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,980 JPY | +1.66% |
|
+3.38% | +8.30% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 104,991 | 61,204 | 75,492 | 78,291 | 81,924 | 111,004 | - | - |
| Enterprise Value (EV) 1 | 75,137 | 36,881 | 44,821 | 43,743 | 43,317 | 74,546 | 73,575 | 72,613 |
| P/E ratio | 11.7 x | 10 x | 16 x | 7.46 x | 7.57 x | 11 x | 10.1 x | 8.21 x |
| Yield | 1.89% | 3.31% | 2.66% | 3.62% | 3.75% | 3.07% | 3.34% | 3.52% |
| Capitalization / Revenue | 1.18 x | 0.73 x | 0.96 x | 0.94 x | 0.93 x | 1.23 x | 1.21 x | 1.18 x |
| EV / Revenue | 0.84 x | 0.44 x | 0.57 x | 0.52 x | 0.49 x | 0.83 x | 0.8 x | 0.77 x |
| EV / EBITDA | 9.37 x | 6.13 x | - | - | 5.32 x | 9.09 x | 8.46 x | 6.31 x |
| EV / FCF | 8.32 x | 5.36 x | 6.61 x | - | 4.84 x | 23 x | 12 x | 10.9 x |
| FCF Yield | 12% | 18.7% | 15.1% | - | 20.7% | 4.35% | 8.3% | 9.16% |
| Price to Book | 1.01 x | 0.59 x | 0.7 x | 0.66 x | 0.63 x | 0.82 x | 0.78 x | 0.73 x |
| Nbr of stocks (in thousands) | 29,164 | 28,938 | 28,661 | 28,325 | 27,951 | 27,890 | - | - |
| Reference price 2 | 3,600 | 2,115 | 2,634 | 2,764 | 2,931 | 3,980 | 3,980 | 3,980 |
| Announcement Date | 5/10/19 | 5/15/20 | 5/14/21 | 5/13/22 | 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 | 89,174 | 83,861 | 78,697 | 83,734 | 88,000 | 90,000 | 92,000 | 94,000 |
| EBITDA 1 | 8,017 | 6,021 | - | - | 8,138 | 8,200 | 8,700 | 11,500 |
| EBIT 1 | 5,663 | 3,527 | 2,861 | 5,337 | 4,989 | 5,000 | 5,400 | 8,000 |
| Operating Margin | 6.35% | 4.21% | 3.64% | 6.37% | 5.67% | 5.56% | 5.87% | 8.51% |
| Earnings before Tax (EBT) 1 | 11,320 | 7,392 | 5,651 | 12,769 | 12,831 | 12,000 | 13,000 | 16,000 |
| Net income 1 | 8,971 | 6,148 | 4,723 | 10,489 | 10,853 | 10,130 | 10,970 | 13,520 |
| Net margin | 10.06% | 7.33% | 6% | 12.53% | 12.33% | 11.26% | 11.92% | 14.38% |
| EPS 2 | 307.8 | 211.0 | 164.6 | 370.4 | 387.3 | 363.2 | 393.3 | 484.8 |
| Free Cash Flow 1 | 9,028 | 6,880 | 6,776 | - | 8,951 | 3,241 | 6,108 | 6,653 |
| FCF margin | 10.12% | 8.2% | 8.61% | - | 10.17% | 3.6% | 6.64% | 7.08% |
| FCF Conversion (EBITDA) | 112.61% | 114.27% | - | - | 109.99% | 39.52% | 70.21% | 57.85% |
| FCF Conversion (Net income) | 100.64% | 111.91% | 143.47% | - | 82.47% | 31.99% | 55.68% | 49.21% |
| Dividend per Share 2 | 68.00 | 70.00 | 70.00 | 100.0 | 110.0 | 122.0 | 133.0 | 140.0 |
| Announcement Date | 5/10/19 | 5/15/20 | 5/14/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 42,075 | 37,138 | 41,320 | 20,848 | 21,029 | 43,036 | 22,440 | 21,725 | 43,765 | 22,864 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,926 | 1,191 | 3,102 | 1,280 | 1,466 | 2,860 | 1,247 | 1,280 | 2,526 | 1,308 |
| Operating Margin | 4.58% | 3.21% | 7.51% | 6.14% | 6.97% | 6.65% | 5.56% | 5.89% | 5.77% | 5.72% |
| Earnings before Tax (EBT) 1 | 4,091 | 2,023 | 7,437 | 2,978 | 3,355 | 6,687 | 3,564 | 3,021 | 6,201 | 3,052 |
| Net income 1 | 3,376 | 1,594 | 6,110 | 2,356 | 2,732 | 5,370 | 2,990 | 2,502 | 5,015 | 2,615 |
| Net margin | 8.02% | 4.29% | 14.79% | 11.3% | 12.99% | 12.48% | 13.32% | 11.52% | 11.46% | 11.44% |
| EPS 2 | 115.7 | 55.51 | 215.8 | 83.23 | 97.17 | 191.4 | 106.7 | 90.00 | 180.2 | 93.82 |
| Dividend per Share | 35.00 | 30.00 | 35.00 | - | - | 50.00 | - | - | 55.00 | - |
| Announcement Date | 11/1/19 | 11/6/20 | 11/5/21 | 2/4/22 | 8/5/22 | 11/4/22 | 2/3/23 | 8/4/23 | 11/2/23 | 2/2/24 |
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 | 29,854 | 24,323 | 30,671 | 34,548 | 38,607 | 36,458 | 37,429 | 38,391 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 9,028 | 6,880 | 6,776 | - | 8,951 | 3,241 | 6,108 | 6,653 |
| ROE (net income / shareholders' equity) | 8.8% | 5.9% | 4.4% | 9.3% | 8.8% | 7.7% | 7.9% | 9.2% |
| ROA (Net income/ Total Assets) | 8.66% | 5.72% | 4.47% | 9.35% | 8.44% | 7.4% | 7.8% | 9.4% |
| Assets 1 | 103,538 | 107,575 | 105,715 | 112,139 | 128,652 | 136,892 | 140,641 | 143,830 |
| Book Value Per Share 2 | 3,571 | 3,615 | 3,775 | 4,188 | 4,623 | 4,858 | 5,118 | 5,463 |
| Cash Flow per Share 2 | 389.0 | 297.0 | 264.0 | 475.0 | 500.0 | 478.0 | 512.0 | 610.0 |
| Capex 1 | - | - | - | - | 1,483 | 5,000 | 5,200 | 5,300 |
| Capex / Sales | - | - | - | - | 1.69% | 5.56% | 5.65% | 5.64% |
| Announcement Date | 5/10/19 | 5/15/20 | 5/14/21 | 5/13/22 | 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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
3,980
JPY
Average target price
3,700
JPY
Spread / Average Target
-7.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.30% | 705M | |
| +11.73% | 82.35B | |
| +20.17% | 71.09B | |
| +20.89% | 37.73B | |
| +15.77% | 32.01B | |
| +9.19% | 27.2B | |
| +3.18% | 26.74B | |
| +4.22% | 26B | |
| +15.53% | 25.5B | |
| +17.14% | 24.76B |
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- Financials Nitta Corporation
