Projected Income Statement: NOMURA Co., Ltd.

Forecast Balance Sheet: NOMURA Co., Ltd.

Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -37,077 -29,527 -32,613 -31,322 -37,552 -42,492 -46,975 -51,879
Change - 20.36% -10.45% 3.96% -19.89% -13.16% -10.55% -10.44%
Announcement Date 4/7/22 4/6/23 4/11/24 4/10/25 4/14/26 - - -
1JPY in Million
Estimates

Cash Flow Forecast: NOMURA Co., Ltd.

Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 816 584 361 622 1,025 150 150 150
Change - -28.43% -38.18% 72.3% 64.79% -85.37% 0% 0%
Free Cash Flow (FCF) 1 5,934 -2,686 5,883 1,720 9,840 9,500 10,700 -
Change - -145.26% 319.02% -70.76% 472.09% -3.46% 12.63% -100%
Announcement Date 4/7/22 4/6/23 4/11/24 4/10/25 4/14/26 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: NOMURA Co., Ltd.

Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 5.87% 3.81% 4.82% 6.75% 8.54% 9.32% 9.78% 10.16%
EBIT Margin (%) 4.89% 2.81% 3.89% 5.92% 7.88% 8.24% 8.58% 8.56%
EBT Margin (%) 5.37% 2.92% 4.04% 6.2% 7.91% 8.2% 8.43% 7.93%
Net margin (%) 3.59% 2.01% 2.88% 4.5% 5.61% 5.76% 5.97% 6.01%
FCF margin (%) 5.34% -2.42% 4.39% 1.14% 6.05% 5.62% 6.01% -
FCF / Net Income (%) 148.95% -120.5% 152.33% 25.46% 107.73% 97.6% 100.63% -

Profitability

        
ROA 6.95% 4.11% 6.48% 7.14% 13.16% 9.8% 10.5% -
ROE 8.3% 4.6% 7.8% 12.9% 15.7% 15.75% 16.39% 16.84%

Financial Health

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

Capital Intensity

        
CAPEX / Current Assets (%) 0.73% 0.53% 0.27% 0.41% 0.63% 0.09% 0.08% 0.08%
CAPEX / EBITDA (%) 12.52% 13.8% 5.58% 6.13% 7.38% 0.95% 0.86% 0.8%
CAPEX / FCF (%) 13.75% -21.74% 6.14% 36.16% 10.42% 1.58% 1.4% -

Items per share

        
Cash flow per share 1 45.56 30.06 45.9 71.77 91.5 - - -
Change - -34.02% 52.69% 56.36% 27.49% - - -
Dividend per Share 1 28 25 27 32 42 45.33 49.33 53
Change - -10.71% 8% 18.52% 31.25% 7.94% 8.82% 7.43%
Book Value Per Share 1 437.2 440.1 451.5 486.6 555.9 598.9 647.7 700.6
Change - 0.66% 2.59% 7.78% 14.24% 7.74% 8.14% 8.17%
EPS 1 35.8 20.02 34.67 60.6 81.87 87.2 95.28 99.02
Change - -44.08% 73.18% 74.79% 35.1% 6.51% 9.27% 3.92%
Nbr of stocks (in thousands) 111,326 111,373 111,419 111,545 111,593 111,593 111,593 111,593
Announcement Date 4/7/22 4/6/23 4/11/24 4/10/25 4/14/26 - - -
1JPY
Estimates
2027 *2028 *
P/E ratio 12.2x 11.2x
PBR 1.78x 1.65x
EV / Sales 0.45x 0.41x
Yield 4.25% 4.62%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
1,067.00JPY
Average target price
1,950.00JPY
Spread / Average Target
+82.76%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 9716 Stock
  4. Financials NOMURA Co., Ltd.