Projected Income Statement: Nitto Denko Corporation

Forecast Balance Sheet: Nitto Denko Corporation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 -304,832 -301,742 -366,744 -329,694 -341,924 -381,814 -383,074 -425,763
Change - -198.99% -221.54% -189.9% -203.71% -211.67% -200.33% -211.14%
Announcement Date 4/27/20 4/26/21 4/26/22 4/26/23 4/26/24 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Nitto Denko Corporation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 59,797 50,597 56,496 50,789 83,445 100,000 95,000 93,333
Change - -15.39% 11.66% -10.1% 64.3% 19.84% -5% -1.75%
Free Cash Flow (FCF) 1 63,650 65,712 86,895 21,800 72,076 78,740 124,749 111,272
Change - 3.24% 32.24% -74.91% 230.62% 9.25% 58.43% -10.8%
Announcement Date 4/27/20 4/26/21 4/26/22 4/26/23 4/26/24 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Nitto Denko Corporation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 16.08% 18.62% 21.38% 22.02% 21.85% 25.34% 25.48% 25.63%
EBIT Margin (%) 9.41% 12.32% 15.5% 15.84% 15.2% 18.72% 18.78% 18.85%
EBT Margin (%) 9.31% 12.26% 15.51% 15.81% 15.18% 18.08% 18.75% 18.85%
Net margin (%) 6.36% 9.23% 11.39% 11.76% 11.22% 13.29% 13.64% 13.7%
FCF margin (%) 8.59% 8.63% 10.18% 2.35% 7.88% 7.94% 12.23% 10.44%
FCF / Net Income (%) 134.98% 93.56% 89.37% 19.95% 70.2% 59.74% 89.68% 76.19%

Profitability

        
ROA 5.14% 9.89% 12.85% 13.06% 11.55% 10.75% 10.6% 11.2%
ROE 6.79% 10% 12.6% 12.7% 10.9% 12.84% 12.79% 12.91%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 8.07% 6.65% 6.62% 5.47% 9.12% 10.08% 9.31% 8.76%
CAPEX / EBITDA (%) 50.2% 35.69% 30.96% 24.83% 41.73% 39.78% 36.55% 34.16%
CAPEX / FCF (%) 93.95% 77% 65.02% 232.98% 115.77% 127% 76.15% 83.88%

Items per share

        
Cash flow per share 1 155.8 159.1 199.1 225.4 229.1 282.4 309.7 -
Change - 2.14% 25.16% 13.19% 1.67% 23.22% 9.69% -
Dividend per Share 1 40 40 44 48 52 56 61.7 65.75
Change - 0% 10% 9.09% 8.33% 7.69% 10.18% 6.56%
Book Value Per Share 1 895.9 967.6 1,110 1,237 1,391 1,512 1,606 1,736
Change - 8.01% 14.68% 11.44% 12.51% 8.7% 6.21% 8.07%
EPS 1 60.26 94.54 131.3 147.8 143.9 190.8 200 213.1
Change - 56.88% 38.84% 12.56% -2.6% 32.55% 4.84% 6.55%
Nbr of stocks (in thousands) 776,344 739,830 740,011 735,429 709,043 701,852 701,852 701,852
Announcement Date 4/27/20 4/26/21 4/26/22 4/26/23 4/26/24 - - -
1JPY
Estimates
2025 *2026 *
P/E ratio 15.1x 14.4x
PBR 1.91x 1.8x
EV / Sales 1.66x 1.61x
Yield 1.94% 2.14%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
AA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
2,885.00JPY
Average target price
2,880.00JPY
Spread / Average Target
-0.17%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 6988 Stock
  4. Financials Nitto Denko Corporation