THE NISSHIN OILLIO GROUP,LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,050 JPY | +0.40% |
|
+1.71% | +17.72% |
| Mar. 22 | The Nisshin OilliO Group,Ltd. Announces Management Changes | CI |
| Mar. 15 | Nisshin OilliO Site Inspected by Fair Trade Commission Over Alleged Antimonopoly Act Violations | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 111,625 | 121,744 | 106,322 | 92,333 | 105,335 | 163,683 | - | - |
| Enterprise Value (EV) 1 | 109,155 | 150,412 | 154,807 | 180,185 | 204,120 | 248,625 | 248,274 | 241,517 |
| P/E ratio | 12.3 x | 14.9 x | 11.7 x | 10.7 x | 9.44 x | 11.9 x | 11.3 x | 10.4 x |
| Yield | 2.45% | 2.19% | 2.45% | 3.16% | 3.69% | 2.97% | 3.4% | 3.73% |
| Capitalization / Revenue | 0.33 x | 0.37 x | 0.32 x | 0.21 x | 0.19 x | 0.32 x | 0.31 x | 0.31 x |
| EV / Revenue | 0.32 x | 0.45 x | 0.46 x | 0.42 x | 0.37 x | 0.48 x | 0.48 x | 0.46 x |
| EV / EBITDA | 5.46 x | 7.28 x | 7.59 x | 8.77 x | 7.97 x | 8.17 x | 7.92 x | 7.41 x |
| EV / FCF | 11.6 x | 18.4 x | -18.7 x | -5.01 x | - | 9.56 x | 19.6 x | 16.9 x |
| FCF Yield | 8.66% | 5.44% | -5.35% | -20% | - | 10.5% | 5.11% | 5.92% |
| Price to Book | 0.8 x | 0.87 x | 0.73 x | 0.59 x | 0.65 x | 0.95 x | 0.91 x | 0.86 x |
| Nbr of stocks (in thousands) | 34,136 | 33,354 | 32,564 | 32,409 | 32,411 | 32,412 | - | - |
| Reference price 2 | 3,270 | 3,650 | 3,265 | 2,849 | 3,250 | 5,050 | 5,050 | 5,050 |
| Announcement Date | 5/10/19 | 5/12/20 | 5/10/21 | 5/11/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 343,059 | 333,416 | 336,306 | 432,778 | 556,565 | 513,133 | 521,033 | 530,700 |
| EBITDA 1 | 19,981 | 20,649 | 20,385 | 20,546 | 25,610 | 30,445 | 31,345 | 32,579 |
| EBIT 1 | 12,948 | 13,133 | 12,324 | 11,670 | 16,186 | 20,833 | 21,367 | 22,633 |
| Operating Margin | 3.77% | 3.94% | 3.66% | 2.7% | 2.91% | 4.06% | 4.1% | 4.26% |
| Earnings before Tax (EBT) 1 | 13,148 | 12,724 | 12,192 | 12,095 | 15,323 | 19,700 | 20,900 | 22,050 |
| Net income 1 | 9,044 | 8,293 | 9,244 | 8,595 | 11,157 | 13,700 | 14,367 | 15,333 |
| Net margin | 2.64% | 2.49% | 2.75% | 1.99% | 2% | 2.67% | 2.76% | 2.89% |
| EPS 2 | 265.0 | 244.7 | 278.3 | 265.2 | 344.2 | 422.7 | 448.0 | 483.4 |
| Free Cash Flow 1 | 9,448 | 8,179 | -8,286 | -35,958 | - | 26,001 | 12,675 | 14,296 |
| FCF margin | 2.75% | 2.45% | -2.46% | -8.31% | - | 5.07% | 2.43% | 2.69% |
| FCF Conversion (EBITDA) | 47.28% | 39.61% | - | - | - | 85.4% | 40.44% | 43.88% |
| FCF Conversion (Net income) | 104.47% | 98.63% | - | - | - | 189.79% | 88.23% | 93.23% |
| Dividend per Share 2 | 80.00 | 80.00 | 80.00 | 90.00 | 120.0 | 150.0 | 171.7 | 188.3 |
| Announcement Date | 5/10/19 | 5/12/20 | 5/10/21 | 5/11/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 167,624 | 161,613 | 100,154 | 195,329 | 118,305 | 119,144 | 138,224 | 137,397 | 275,621 | 149,471 | 131,473 | 128,740 | 126,099 | 254,839 | 135,703 | 122,572 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 7,681 | 7,867 | 2,973 | 6,284 | 2,970 | 2,416 | 4,967 | 4,469 | 9,436 | 5,265 | 1,485 | 6,334 | 5,211 | 11,545 | 7,912 | 1,362 | - | - | - | - |
| Operating Margin | 4.58% | 4.87% | 2.97% | 3.22% | 2.51% | 2.03% | 3.59% | 3.25% | 3.42% | 3.52% | 1.13% | 4.92% | 4.13% | 4.53% | 5.83% | 1.11% | - | - | - | - |
| Earnings before Tax (EBT) | 6,974 | 7,749 | - | 7,066 | 3,440 | - | 6,078 | - | 10,690 | 4,726 | -93 | 7,371 | - | 11,903 | 8,290 | - | - | - | - | - |
| Net income 1 | 4,586 | 5,570 | 2,483 | 5,298 | 2,033 | 1,264 | 4,395 | 3,389 | 7,784 | 3,188 | 185 | 5,037 | 2,939 | 7,976 | 5,858 | -334 | - | - | - | - |
| Net margin | 2.74% | 3.45% | 2.48% | 2.71% | 1.72% | 1.06% | 3.18% | 2.47% | 2.82% | 2.13% | 0.14% | 3.91% | 2.33% | 3.13% | 4.32% | -0.27% | - | - | - | - |
| EPS | 134.4 | 167.0 | - | 163.5 | 62.73 | - | 135.6 | - | 240.2 | 98.35 | - | 155.4 | 90.68 | 246.1 | 180.7 | - | - | - | - | - |
| Dividend per Share 2 | 40.00 | 40.00 | - | 45.00 | - | - | - | - | 45.00 | - | - | - | 60.00 | 60.00 | - | 75.00 | - | 75.00 | - | 75.00 |
| Announcement Date | 11/1/19 | 11/6/20 | 11/5/21 | 11/5/21 | 2/9/22 | 5/11/22 | 8/5/22 | 11/9/22 | 11/9/22 | 2/9/23 | 5/12/23 | 8/9/23 | 11/8/23 | 11/8/23 | 2/9/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 28,668 | 48,485 | 87,852 | 98,785 | 84,942 | 84,591 | 77,835 |
| Net Cash position 1 | 2,470 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.388 x | 2.378 x | 4.276 x | 3.857 x | 2.79 x | 2.699 x | 2.389 x |
| Free Cash Flow 1 | 9,448 | 8,179 | -8,286 | -35,958 | - | 26,001 | 12,675 | 14,296 |
| ROE (net income / shareholders' equity) | 6.6% | 5.9% | 6.5% | 5.7% | 7% | 8.19% | 8.22% | 8.38% |
| ROA (Net income/ Total Assets) | 5.09% | 4.66% | 4.86% | 3.97% | 4.52% | 5.3% | 5.7% | 5.85% |
| Assets 1 | 177,516 | 178,118 | 190,271 | 216,322 | 246,935 | 258,491 | 252,047 | 262,108 |
| Book Value Per Share 2 | 4,088 | 4,178 | 4,492 | 4,820 | 5,016 | 5,292 | 5,578 | 5,883 |
| Cash Flow per Share | 470.0 | 465.0 | 521.0 | -822.0 | 634.0 | - | - | - |
| Capex 1 | 12,050 | 12,572 | 17,983 | 9,249 | 10,270 | 13,333 | 12,667 | 9,333 |
| Capex / Sales | 3.51% | 3.77% | 5.35% | 2.14% | 1.85% | 2.6% | 2.43% | 1.76% |
| Announcement Date | 5/10/19 | 5/12/20 | 5/10/21 | 5/11/22 | 5/12/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
5,050
JPY
Average target price
5,900
JPY
Spread / Average Target
+16.83%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.72% | 1.04B | |
| +24.91% | 6.65B | |
| -0.67% | 6.43B | |
| +3.05% | 5.27B | |
| +3.85% | 2.51B | |
| +39.89% | 2.17B | |
| -2.10% | 1.6B | |
| +22.31% | 942M | |
| -7.83% | 768M | |
| +11.01% | 740M |
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- Financials The Nisshin OilliO Group,Ltd.
