Projected Income Statement: Nomura Holdings, Inc.

Forecast Balance Sheet: Nomura Holdings, Inc.

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 - - - 15,338,690 15,520,254 14,521,633 17,361,238 20,173,871
Change - - - - 1.18% -6.43% 19.55% 16.2%
Announcement Date 4/26/22 4/26/23 4/26/24 4/25/25 4/24/26 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Nomura Holdings, Inc.

Fiscal Period: March 2021 2022 2023 2024 2025 2026
CAPEX 1 119,875 111,331 171,165 145,784 189,971 353,818
Change - -7.13% 53.74% -14.83% 30.31% 86.25%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 6/25/21 6/24/22 6/28/23 6/26/24 6/23/25 6/22/26
1JPY in Million
Estimates

Forecast Financial Ratios: Nomura Holdings, Inc.

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

Profitability

        
EBITDA Margin (%) - - - - - - - -
EBIT Margin (%) 16.62% 11.19% 6.59% 24.94% 24.9% 25.16% 25.23% 26.17%
EBT Margin (%) 16.62% 11.19% 6.59% 24.94% 24.9% 25.04% 25% 25.38%
Net margin (%) 10.48% 6.95% 3.99% 18% 16.71% 17.65% 17.7% 17.89%
FCF margin (%) -63.91% -52.78% 2.88% -36.58% -41.13% - - -
FCF / Net Income (%) -609.53% -759.68% 72.15% -203.22% -246.23% - - -

Profitability

        
ROA 0.53% 0.33% 0.53% 0.84% 0.9% 0.63% 0.53% 0.49%
ROE 5.1% 3.1% 5.1% 9.99% 10.1% 10.69% 10.47% 10.35%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - -22.15x -17.41x - - -

Capital Intensity

        
CAPEX / Current Assets (%) 0.64% 0.75% 0.31% 0.73% 2.25% - - -
CAPEX / EBITDA (%) - - - - - - - -
CAPEX / FCF (%) -1.01% -1.43% 10.85% -1.99% -5.46% - - -

Items per share

        
Cash flow per share 1 66.11 51.29 75.3 136.2 146.3 - - -
Change - -22.42% 46.81% 80.82% 7.43% - - -
Dividend per Share 1 22 17 23 57 51 57.48 60.1 63.45
Change - -22.73% 35.29% 147.83% -10.53% 12.7% 4.57% 5.58%
Book Value Per Share 1 965.8 1,048 1,128 1,174 1,278 1,351 1,435 1,525
Change - 8.54% 7.58% 4.11% 8.85% 5.71% 6.21% 6.27%
EPS 1 46.68 30.86 54.97 115.3 123.1 134.1 142.1 148.2
Change - -33.89% 78.13% 109.75% 6.75% 8.97% 5.92% 4.34%
Nbr of stocks (in thousands) 3,017,111 3,002,827 2,998,034 2,955,712 2,926,345 2,922,971 2,922,971 2,922,971
Announcement Date 4/26/22 4/26/23 4/26/24 4/25/25 4/24/26 - - -
1JPY
Estimates
2027 *2028 *
P/E 11.5x 10.9x
PBR 1.14x 1.08x
EV / Sales 8.35x 9.43x
Yield 3.72% 3.89%

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
8
Last Close Price
1,543.00JPY
Average target price
1,653.75JPY
Spread / Average Target
+7.18%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. 8604 Stock
  4. Financials Nomura Holdings, Inc.