Financials Nissin Corporation

Equities

9066

JP3674400001

Air Freight & Logistics

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
3,030 JPY +1.03% Intraday chart for Nissin Corporation +2.89% +26.25%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 55,404 36,626 31,260 27,904 31,638 41,305
Enterprise Value (EV) 1 62,491 43,820 42,187 45,969 47,203 52,009
P/E ratio 10.6 x 8.27 x 11.7 x 14 x 4.96 x 3.91 x
Yield 1.78% 2.7% 3.5% 3.85% 3.67% 4.26%
Capitalization / Revenue 0.26 x 0.17 x 0.16 x 0.18 x 0.16 x 0.21 x
EV / Revenue 0.29 x 0.2 x 0.21 x 0.29 x 0.24 x 0.27 x
EV / EBITDA 6.89 x 5.27 x 4.91 x 5.8 x 3.15 x 2.86 x
EV / FCF 25.9 x 16.7 x 19.5 x -10.4 x 8.87 x 4.85 x
FCF Yield 3.85% 6% 5.13% -9.65% 11.3% 20.6%
Price to Book 0.95 x 0.61 x 0.54 x 0.44 x 0.44 x 0.5 x
Nbr of stocks (in thousands) 19,766 19,766 19,550 19,191 19,362 19,529
Reference price 2 2,803 1,853 1,599 1,454 1,634 2,115
Announcement Date 6/22/18 6/24/19 6/25/20 6/24/21 6/24/22 6/26/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 216,924 218,040 197,387 155,915 192,699 194,165
EBITDA 1 9,070 8,308 8,591 7,923 14,978 18,215
EBIT 1 6,389 5,699 3,529 2,612 9,100 12,644
Operating Margin 2.95% 2.61% 1.79% 1.68% 4.72% 6.51%
Earnings before Tax (EBT) 1 7,910 6,590 4,494 4,287 9,379 14,371
Net income 1 5,210 4,426 2,705 2,007 6,365 10,528
Net margin 2.4% 2.03% 1.37% 1.29% 3.3% 5.42%
EPS 2 263.6 223.9 137.1 103.5 329.6 540.5
Free Cash Flow 1 2,408 2,627 2,164 -4,434 5,321 10,716
FCF margin 1.11% 1.2% 1.1% -2.84% 2.76% 5.52%
FCF Conversion (EBITDA) 26.55% 31.62% 25.18% - 35.53% 58.83%
FCF Conversion (Net income) 46.23% 59.36% 79.99% - 83.6% 101.78%
Dividend per Share 2 50.00 50.00 56.00 56.00 60.00 90.00
Announcement Date 6/22/18 6/24/19 6/25/20 6/24/21 6/24/22 6/26/23
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 1 103,408 69,183 85,931 51,003 53,714 107,557 44,987 41,065 82,359 41,531
EBITDA - - - - - - - - - -
EBIT 1 1,897 -251 3,603 2,831 3,418 7,675 2,903 2,100 4,125 2,271
Operating Margin 1.83% -0.36% 4.19% 5.55% 6.36% 7.14% 6.45% 5.11% 5.01% 5.47%
Earnings before Tax (EBT) 1 2,333 439 3,554 2,915 3,719 8,324 3,244 2,480 5,276 2,542
Net income 1 1,455 -155 2,364 1,998 2,602 5,852 2,357 1,775 3,641 1,781
Net margin 1.41% -0.22% 2.75% 3.92% 4.84% 5.44% 5.24% 4.32% 4.42% 4.29%
EPS 2 73.66 -7.970 122.7 103.4 134.1 301.1 120.8 91.35 188.2 93.31
Dividend per Share 28.00 28.00 28.00 - - 40.00 - - 50.00 -
Announcement Date 11/7/19 11/9/20 11/8/21 2/8/22 8/4/22 11/7/22 2/7/23 8/7/23 11/9/23 2/8/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 7,087 7,194 10,927 18,065 15,565 10,704
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.7814 x 0.8659 x 1.272 x 2.28 x 1.039 x 0.5876 x
Free Cash Flow 1 2,408 2,627 2,164 -4,435 5,321 10,716
ROE (net income / shareholders' equity) 9.37% 7.51% 4.65% 3.31% 9.36% 13.7%
ROA (Net income/ Total Assets) 3.44% 2.96% 1.84% 1.3% 4.09% 5.3%
Assets 1 151,643 149,456 146,676 154,694 155,487 198,612
Book Value Per Share 2 2,966 3,021 2,968 3,296 3,693 4,201
Cash Flow per Share 2 979.0 995.0 991.0 979.0 1,023 1,326
Capex 1 2,321 4,970 6,198 8,410 3,479 4,664
Capex / Sales 1.07% 2.28% 3.14% 5.39% 1.81% 2.4%
Announcement Date 6/22/18 6/24/19 6/25/20 6/24/21 6/24/22 6/26/23
1JPY in Million2JPY
Estimates
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