Financials NSW Inc.

Equities

9739

JP3712500002

IT Services & Consulting

Market Closed - Japan Exchange 02:00:00 2024-05-10 am EDT 5-day change 1st Jan Change
3,235 JPY -1.37% Intraday chart for NSW Inc. +2.54% +13.71%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 43,403 33,688 25,910 31,095 32,645 32,317
Enterprise Value (EV) 1 36,802 25,278 14,422 18,712 17,469 16,965
P/E ratio 21 x 14.7 x 9.71 x 11.2 x 9.41 x 7.9 x
Yield 0.86% 1.33% 1.73% 1.92% 2.28% 2.54%
Capitalization / Revenue 1.3 x 0.93 x 0.68 x 0.79 x 0.75 x 0.7 x
EV / Revenue 1.1 x 0.7 x 0.38 x 0.48 x 0.4 x 0.37 x
EV / EBITDA 10.7 x 6.63 x 3.33 x 3.99 x 3.19 x 2.91 x
EV / FCF 17.9 x 9.94 x 4.29 x 14.5 x 5.34 x 14.7 x
FCF Yield 5.6% 10.1% 23.3% 6.89% 18.7% 6.82%
Price to Book 2.51 x 1.76 x 1.21 x 1.32 x 1.23 x 1.08 x
Nbr of stocks (in thousands) 14,900 14,900 14,900 14,900 14,899 14,899
Reference price 2 2,913 2,261 1,739 2,087 2,191 2,169
Announcement Date 6/27/18 6/26/19 6/25/20 6/23/21 6/22/22 6/21/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2018 2019 2020 2021 2022 2023
Net sales 1 33,502 36,107 38,273 39,282 43,452 46,188
EBITDA 1 3,437 3,815 4,336 4,686 5,477 5,831
EBIT 1 2,941 3,355 3,861 4,198 4,921 5,388
Operating Margin 8.78% 9.29% 10.09% 10.69% 11.33% 11.67%
Earnings before Tax (EBT) 1 3,009 3,398 3,872 3,963 5,079 5,438
Net income 1 2,065 2,286 2,668 2,765 3,469 4,090
Net margin 6.16% 6.33% 6.97% 7.04% 7.98% 8.86%
EPS 2 138.6 153.4 179.1 185.6 232.8 274.5
Free Cash Flow 1 2,060 2,544 3,365 1,289 3,272 1,158
FCF margin 6.15% 7.05% 8.79% 3.28% 7.53% 2.51%
FCF Conversion (EBITDA) 59.94% 66.68% 77.61% 27.5% 59.73% 19.85%
FCF Conversion (Net income) 99.76% 111.28% 126.13% 46.61% 94.31% 28.3%
Dividend per Share 2 25.00 30.00 30.00 40.00 50.00 55.00
Announcement Date 6/27/18 6/26/19 6/25/20 6/23/21 6/22/22 6/21/23
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 18,485 17,743 20,548 9,901 9,368 21,127 10,630 10,794 23,782 11,126
EBITDA - - - - - - - - - -
EBIT 1 1,873 1,745 2,161 1,239 719 2,248 1,144 894 2,713 1,434
Operating Margin 10.13% 9.83% 10.52% 12.51% 7.68% 10.64% 10.76% 8.28% 11.41% 12.89%
Earnings before Tax (EBT) 1 1,890 1,563 2,189 1,250 737 2,280 1,158 912 2,853 1,452
Net income 1 1,309 1,117 1,493 873 484 1,528 795 574 1,940 997
Net margin 7.08% 6.3% 7.27% 8.82% 5.17% 7.23% 7.48% 5.32% 8.16% 8.96%
EPS 2 87.90 75.03 100.2 58.01 32.54 102.6 53.39 38.56 130.2 66.92
Dividend per Share 15.00 20.00 20.00 - - 25.00 - - 30.00 -
Announcement Date 10/28/19 10/26/20 11/1/21 1/31/22 8/1/22 10/31/22 1/30/23 8/7/23 11/13/23 2/13/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 6,601 8,410 11,488 12,383 15,176 15,352
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2,060 2,544 3,365 1,289 3,272 1,158
ROE (net income / shareholders' equity) 12.6% 12.5% 13.2% 12.3% 13.8% 14.5%
ROA (Net income/ Total Assets) 7.65% 7.83% 8.22% 8.31% 8.85% 8.69%
Assets 1 26,986 29,207 32,465 33,289 39,180 47,049
Book Value Per Share 2 1,162 1,288 1,434 1,585 1,780 2,005
Cash Flow per Share 2 443.0 564.0 771.0 831.0 1,019 1,030
Capex 1 157 230 191 302 243 344
Capex / Sales 0.47% 0.64% 0.5% 0.77% 0.56% 0.74%
Announcement Date 6/27/18 6/26/19 6/25/20 6/23/21 6/22/22 6/21/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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