NISSUI CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 950.1 JPY | +0.36% |
|
+1.00% | +25.16% |
| Mar. 21 | Nissui Merges Consolidated Subsidiaries, Rename Merged Entity | MT |
| Mar. 20 | Nissui to Merge Food Subsidiaries | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 262,921 | 148,726 | 165,526 | 170,558 | 169,000 | 295,320 | - | - |
| Enterprise Value (EV) 1 | 447,209 | 345,982 | 338,751 | 338,799 | 340,706 | 494,620 | 493,870 | 488,720 |
| P/E ratio | 17.1 x | 10.1 x | 11.5 x | 9.87 x | 7.96 x | 12.5 x | 12 x | 11 x |
| Yield | 0.95% | 1.78% | 1.79% | 2.55% | 3.31% | 2.53% | 2.67% | 2.86% |
| Capitalization / Revenue | 0.37 x | 0.22 x | 0.25 x | 0.25 x | 0.22 x | 0.36 x | 0.35 x | 0.34 x |
| EV / Revenue | 0.63 x | 0.5 x | 0.52 x | 0.49 x | 0.44 x | 0.6 x | 0.58 x | 0.56 x |
| EV / EBITDA | 11.1 x | 8.13 x | 8.93 x | 7.2 x | 7.55 x | 9.65 x | 8.69 x | 8.12 x |
| EV / FCF | 56.7 x | -40.4 x | 12.1 x | 28.6 x | -17.8 x | 155 x | 47.6 x | 37 x |
| FCF Yield | 1.76% | -2.48% | 8.23% | 3.5% | -5.63% | 0.65% | 2.1% | 2.7% |
| Price to Book | 1.8 x | 0.97 x | 0.98 x | 0.9 x | 0.78 x | 1.22 x | 1.14 x | 1.06 x |
| Nbr of stocks (in thousands) | 311,149 | 311,143 | 311,139 | 311,238 | 311,235 | 310,831 | - | - |
| Reference price 2 | 845.0 | 478.0 | 532.0 | 548.0 | 543.0 | 950.1 | 950.1 | 950.1 |
| Announcement Date | 5/14/19 | 5/20/20 | 5/13/21 | 5/12/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 712,111 | 690,016 | 656,491 | 693,682 | 768,181 | 829,533 | 852,800 | 876,167 |
| EBITDA 1 | 40,216 | 42,547 | 37,950 | 47,042 | 45,100 | 51,231 | 56,816 | 60,151 |
| EBIT 1 | 21,685 | 22,834 | 18,079 | 27,076 | 24,488 | 29,300 | 33,233 | 36,000 |
| Operating Margin | 3.05% | 3.31% | 2.75% | 3.9% | 3.19% | 3.53% | 3.9% | 4.11% |
| Earnings before Tax (EBT) 1 | 24,605 | 22,662 | 22,561 | 27,154 | 29,293 | 33,550 | 35,750 | 38,600 |
| Net income 1 | 15,379 | 14,768 | 14,452 | 17,275 | 21,233 | 23,633 | 24,733 | 26,800 |
| Net margin | 2.16% | 2.14% | 2.2% | 2.49% | 2.76% | 2.85% | 2.9% | 3.06% |
| EPS 2 | 49.41 | 47.47 | 46.45 | 55.51 | 68.22 | 75.93 | 79.50 | 86.13 |
| Free Cash Flow 1 | 7,890 | -8,566 | 27,887 | 11,858 | -19,175 | 3,200 | 10,383 | 13,216 |
| FCF margin | 1.11% | -1.24% | 4.25% | 1.71% | -2.5% | 0.39% | 1.22% | 1.51% |
| FCF Conversion (EBITDA) | 19.62% | - | 73.48% | 25.21% | - | 6.25% | 18.27% | 21.97% |
| FCF Conversion (Net income) | 51.3% | - | 192.96% | 68.64% | - | 13.54% | 41.98% | 49.31% |
| Dividend per Share 2 | 8.000 | 8.500 | 9.500 | 14.00 | 18.00 | 24.00 | 25.33 | 27.17 |
| Announcement Date | 5/14/19 | 5/20/20 | 5/13/21 | 5/12/22 | 5/12/23 | - | - | - |
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 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 345,402 | 344,614 | 320,819 | 335,672 | 174,204 | 339,611 | 185,668 | 168,403 | 184,255 | 192,952 | 377,207 | 201,130 | 189,844 | - | 199,800 | 207,290 | 407,134 | 218,347 | 205,310 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 11,077 | - | 6,968 | 11,111 | 6,817 | 13,866 | 10,786 | 2,424 | 6,676 | 6,656 | 13,332 | 10,033 | 1,123 | 11,156 | 9,700 | 6,555 | 16,275 | 10,080 | 3,072 |
| Operating Margin | 3.21% | - | 2.17% | 3.31% | 3.91% | 4.08% | 5.81% | 1.44% | 3.62% | 3.45% | 3.53% | 4.99% | 0.59% | - | 4.85% | 3.16% | 4% | 4.62% | 1.5% |
| Earnings before Tax (EBT) | 11,900 | - | 8,023 | - | - | 16,407 | 8,308 | - | 7,595 | - | 17,002 | 9,161 | - | - | 8,941 | - | 17,454 | 11,792 | - |
| Net income 1 | 7,829 | - | 5,034 | 9,418 | 6,221 | 11,407 | 5,194 | 674 | 4,233 | 7,514 | 11,747 | 6,842 | 2,644 | - | 5,981 | - | 11,685 | 8,608 | 3,507 |
| Net margin | 2.27% | - | 1.57% | 2.81% | 3.57% | 3.36% | 2.8% | 0.4% | 2.3% | 3.89% | 3.11% | 3.4% | 1.39% | - | 2.99% | - | 2.87% | 3.94% | 1.71% |
| EPS 2 | 25.16 | - | 16.18 | - | 19.99 | 36.66 | 16.69 | - | 13.60 | 24.15 | 37.75 | 21.98 | 8.490 | - | 19.22 | - | 37.55 | 27.67 | 11.28 |
| Dividend per Share | 4.000 | 4.500 | 4.000 | 5.500 | - | 6.000 | - | - | - | - | 8.000 | - | - | - | - | - | 10.00 | - | - |
| Announcement Date | 11/5/19 | 5/20/20 | 11/5/20 | 5/13/21 | 11/5/21 | 11/5/21 | 2/4/22 | 5/12/22 | 8/4/22 | 11/2/22 | 11/2/22 | 2/3/23 | 5/12/23 | 5/12/23 | 8/4/23 | 11/6/23 | 11/6/23 | 2/6/24 | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 184,288 | 197,256 | 173,225 | 168,241 | 171,706 | 199,300 | 198,550 | 193,400 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.582 x | 4.636 x | 4.565 x | 3.576 x | 3.807 x | 3.89 x | 3.495 x | 3.215 x |
| Free Cash Flow 1 | 7,890 | -8,566 | 27,887 | 11,858 | -19,175 | 3,200 | 10,383 | 13,216 |
| ROE (net income / shareholders' equity) | 10.8% | 9.9% | 9% | 9.6% | 10.4% | 10.5% | 10.1% | 10.2% |
| ROA (Net income/ Total Assets) | 5.27% | 5.32% | 4.71% | 6.6% | 5.27% | 5.4% | 6.1% | 6.4% |
| Assets 1 | 291,877 | 277,382 | 307,128 | 261,790 | 403,143 | 437,654 | 405,464 | 418,750 |
| Book Value Per Share 2 | 470.0 | 492.0 | 545.0 | 610.0 | 697.0 | 778.0 | 835.0 | 896.0 |
| Cash Flow per Share | 108.0 | 110.0 | 110.0 | 119.0 | 134.0 | - | - | - |
| Capex 1 | 26,530 | 27,352 | 22,613 | 19,352 | 24,585 | 29,000 | 34,000 | 32,500 |
| Capex / Sales | 3.73% | 3.96% | 3.44% | 2.79% | 3.2% | 3.5% | 3.99% | 3.71% |
| Announcement Date | 5/14/19 | 5/20/20 | 5/13/21 | 5/12/22 | 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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
950.1
JPY
Average target price
1,080
JPY
Spread / Average Target
+13.67%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +25.16% | 1.88B | |
| +6.76% | 9.05B | |
| +22.10% | 7.39B | |
| +15.25% | 2.59B | |
| -2.67% | 1.73B | |
| +16.93% | 1.58B | |
| +9.76% | 957M | |
| -3.38% | 905M | |
| +19.35% | 656M | |
| -34.47% | 480M |
- Stock Market
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- Financials Nissui Corporation
