Financials NS Solutions Corporation

Equities

2327

JP3379900008

IT Services & Consulting

Delayed Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
5,140 JPY +0.78% Intraday chart for NS Solutions Corporation +0.19% +12.35%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 275,567 240,829 309,921 336,721 323,896 470,271 - -
Enterprise Value (EV) 1 226,927 186,591 232,400 243,592 247,602 451,973 367,350 349,137
P/E ratio 16.7 x 13 x 18.9 x 16.9 x 14.7 x 18.6 x 19.2 x 17.9 x
Yield 1.84% 2.47% 1.5% 1.79% 2.12% 1.57% 1.65% 1.81%
Capitalization / Revenue 1.08 x 0.88 x 1.23 x 1.25 x 1.11 x 1.46 x 1.46 x 1.39 x
EV / Revenue 0.89 x 0.68 x 0.92 x 0.9 x 0.85 x 1.46 x 1.14 x 1.03 x
EV / EBITDA 7.32 x 5.48 x 7.46 x 6.8 x 5.58 x 8.12 x 7.43 x 6.69 x
EV / FCF 13.3 x 11.4 x 8.31 x 10.2 x 12.1 x 10.6 x 12.2 x 10.9 x
FCF Yield 7.53% 8.78% 12% 9.76% 8.24% 9.45% 8.22% 9.19%
Price to Book 1.95 x 1.61 x 1.79 x 1.71 x 1.62 x 1.91 x 2.01 x 1.85 x
Nbr of stocks (in thousands) 92,225 91,500 88,297 91,500 91,496 91,492 - -
Reference price 2 2,988 2,632 3,510 3,680 3,540 5,140 5,140 5,140
Announcement Date 4/26/19 4/28/20 4/28/21 4/28/22 4/28/23 4/26/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 255,116 274,843 251,992 270,332 291,688 310,632 323,006 338,520
EBITDA 1 30,999 34,057 31,159 35,803 44,358 46,900 49,451 52,162
EBIT 1 25,385 28,387 24,549 29,815 31,738 35,001 35,933 38,467
Operating Margin 9.95% 10.33% 9.74% 11.03% 10.88% 11.27% 11.12% 11.36%
Earnings before Tax (EBT) 1 25,815 28,663 25,318 30,109 32,101 35,437 36,400 39,188
Net income 1 16,713 18,552 16,982 19,977 22,000 24,241 24,460 26,370
Net margin 6.55% 6.75% 6.74% 7.39% 7.54% 7.8% 7.57% 7.79%
EPS 2 178.4 202.8 185.6 218.3 240.5 265.0 267.1 287.0
Free Cash Flow 1 17,078 16,391 27,958 23,773 20,397 36,005 30,198 32,098
FCF margin 6.69% 5.96% 11.09% 8.79% 6.99% 11.69% 9.35% 9.48%
FCF Conversion (EBITDA) 55.09% 48.13% 89.73% 66.4% 45.98% 76.77% 61.07% 61.53%
FCF Conversion (Net income) 102.18% 88.35% 164.63% 119% 92.71% 154.52% 123.46% 121.72%
Dividend per Share 2 55.00 65.00 52.50 66.00 75.00 80.88 85.00 92.78
Announcement Date 4/26/19 4/28/20 4/28/21 4/28/22 4/28/23 4/26/24 - -
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 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 136,759 138,084 119,068 132,924 65,268 130,787 64,831 74,714 139,545 65,100 69,600 134,685 72,095 84,908 157,003 68,800 76,000 144,800 75,345 90,487 72,000 80,200 80,000 87,800
EBITDA - - - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 14,190 14,197 11,149 13,400 6,640 13,782 7,854 8,179 16,033 6,500 7,500 14,004 8,319 9,415 17,734 6,600 8,100 14,600 8,653 11,748 7,000 8,500 9,500 11,000
Operating Margin 10.38% 10.28% 9.36% 10.08% 10.17% 10.54% 12.11% 10.95% 11.49% 9.98% 10.78% 10.4% 11.54% 11.09% 11.3% 9.59% 10.66% 10.08% 11.48% 12.98% 9.72% 10.6% 11.88% 12.53%
Earnings before Tax (EBT) 1 14,073 14,590 11,965 - 6,769 14,291 8,022 7,796 15,818 6,700 7,600 14,236 8,352 9,513 17,865 6,900 8,100 15,000 8,694 11,743 7,250 8,550 9,600 11,100
Net income 1 8,727 9,825 7,921 9,061 4,597 9,230 5,566 5,181 10,747 4,400 5,000 9,397 5,702 6,901 12,603 4,000 5,500 9,500 5,983 8,758 4,250 5,800 6,600 8,150
Net margin 6.38% 7.12% 6.65% 6.82% 7.04% 7.06% 8.59% 6.93% 7.7% 6.76% 7.18% 6.98% 7.91% 8.13% 8.03% 5.81% 7.24% 6.56% 7.94% 9.68% 5.9% 7.23% 8.25% 9.28%
EPS 2 95.39 107.4 86.57 - 50.24 100.9 60.83 56.62 117.4 47.57 55.14 102.7 62.32 75.43 - 43.97 59.87 103.8 65.40 95.72 - - - -
Dividend per Share 32.50 - 25.00 - - 30.00 - - - - - 35.00 - - - - - 40.00 - - - - - -
Announcement Date 10/29/19 4/28/20 10/27/20 4/28/21 10/29/21 10/29/21 2/1/22 4/28/22 4/28/22 8/2/22 10/27/22 10/27/22 2/3/23 4/28/23 4/28/23 7/28/23 10/27/23 10/27/23 2/2/24 4/26/24 - - - -
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 48,640 54,238 77,521 93,129 76,294 89,448 102,921 121,134
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 17,078 16,391 27,958 23,773 20,397 36,005 30,198 32,098
ROE (net income / shareholders' equity) 12.1% 12.8% 10.3% 10.6% 11% 11.1% 10.6% 10.8%
ROA (Net income/ Total Assets) 11.3% 11.9% 9.79% 10.8% 10.4% 10.2% 10.6% 8.1%
Assets 1 147,399 155,249 173,423 184,466 211,323 237,555 230,755 325,626
Book Value Per Share 2 1,535 1,633 1,965 2,150 2,192 2,589 2,552 2,773
Cash Flow per Share 2 230.0 260.0 253.0 279.0 378.0 397.0 377.0 391.0
Capex 1 2,612 5,577 3,644 5,337 6,132 4,400 4,747 4,827
Capex / Sales 1.02% 2.03% 1.45% 1.97% 2.1% 1.43% 1.47% 1.43%
Announcement Date 4/26/19 4/28/20 4/28/21 4/28/22 4/28/23 4/26/24 - -
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
D
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
5,140 JPY
Average target price
4,707 JPY
Spread / Average Target
-8.43%
Consensus
  1. Stock Market
  2. Equities
  3. 2327 Stock
  4. Financials NS Solutions Corporation