Financials Noritz Corporation

Equities

5943

JP3759400009

Appliances, Tools & Housewares

Delayed Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
1,758 JPY +0.17% Intraday chart for Noritz Corporation +0.98% +16.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 68,961 73,697 77,189 66,370 69,701 81,095 - -
Enterprise Value (EV) 1 38,010 43,639 34,504 32,229 46,091 58,659 56,151 53,442
P/E ratio 46 x -24.9 x 14.1 x 13.8 x 80.2 x 20.3 x 18 x 17.3 x
Yield 2.19% 2.17% 4.95% 3.67% 3.51% 3.81% 3.81% 3.81%
Capitalization / Revenue 0.33 x 0.4 x 0.43 x 0.31 x 0.35 x 0.37 x 0.37 x 0.36 x
EV / Revenue 0.18 x 0.24 x 0.19 x 0.15 x 0.23 x 0.27 x 0.25 x 0.24 x
EV / EBITDA 3.89 x 3.75 x 4 x 2.34 x 4.09 x 5.01 x 4.6 x 4.31 x
EV / FCF -29,672,407 x 10,336,129 x 2,669,566 x -5,982,674 x -4,163,980 x - - -
FCF Yield -0% 0% 0% -0% -0% - - -
Price to Book 0.62 x 0.69 x 0.69 x 0.58 x 0.57 x 0.66 x 0.65 x 0.64 x
Nbr of stocks (in thousands) 47,169 45,746 46,001 45,962 46,129 46,129 - -
Reference price 2 1,462 1,611 1,678 1,444 1,511 1,758 1,758 1,758
Announcement Date 2/13/20 2/12/21 2/14/22 2/14/23 2/14/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 208,396 183,859 178,142 210,966 201,891 218,200 221,000 223,000
EBITDA 1 9,776 11,626 8,636 13,779 11,278 11,700 12,200 12,400
EBIT 1 2,693 4,763 2,500 6,889 3,840 5,000 5,700 6,100
Operating Margin 1.29% 2.59% 1.4% 3.27% 1.9% 2.29% 2.58% 2.74%
Earnings before Tax (EBT) 2,933 -4,061 8,917 7,687 3,036 - - -
Net income 1 1,512 -3,013 5,479 4,800 868 4,000 4,500 4,700
Net margin 0.73% -1.64% 3.08% 2.28% 0.43% 1.83% 2.04% 2.11%
EPS 2 31.75 -64.79 119.1 104.6 18.84 86.72 97.56 101.9
Free Cash Flow -1,281 4,222 12,925 -5,387 -11,069 - - -
FCF margin -0.61% 2.3% 7.26% -2.55% -5.48% - - -
FCF Conversion (EBITDA) - 36.32% 149.66% - - - - -
FCF Conversion (Net income) - - 235.9% - - - - -
Dividend per Share 2 32.00 35.00 83.00 53.00 53.00 67.00 67.00 67.00
Announcement Date 2/13/20 2/12/21 2/14/22 2/14/23 2/14/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3
Net sales 1 - 83,382 100,477 94,057 43,520 40,565 84,085 43,473 52,231 95,704 54,478 60,784 115,262 54,304 45,448 99,752 45,051
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 - -756 5,519 4,096 22 -1,618 -1,596 -724 1,526 802 2,063 4,024 6,087 1,817 -541 1,276 -444
Operating Margin - -0.91% 5.49% 4.35% 0.05% -3.99% -1.9% -1.67% 2.92% 0.84% 3.79% 6.62% 5.28% 3.35% -1.19% 1.28% -0.99%
Earnings before Tax (EBT) 1 - -9,435 5,374 7,324 1,954 -361 1,593 -285 1,482 1,197 2,594 3,896 6,490 1,571 -1 1,570 -344
Net income 1 - -6,767 3,754 5,028 1,219 -768 451 -396 911 515 1,727 2,558 4,285 1,270 -209 1,061 -488
Net margin - -8.12% 3.74% 5.35% 2.8% -1.89% 0.54% -0.91% 1.74% 0.54% 3.17% 4.21% 3.72% 2.34% -0.46% 1.06% -1.08%
EPS 2 - -144.3 - 109.3 26.51 - - -8.620 - 11.26 37.65 - - 27.57 - 23.03 -10.60
Dividend per Share 16.00 16.00 - 32.00 - - - - - 25.00 - - - - - 32.00 -
Announcement Date 2/13/20 8/11/20 2/12/21 8/11/21 11/11/21 2/14/22 2/14/22 5/13/22 8/10/22 8/10/22 11/10/22 2/14/23 2/14/23 5/12/23 8/9/23 8/9/23 11/9/23
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 30,951 30,058 42,685 34,141 23,610 22,436 24,944 27,653
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow -1,281 4,222 12,925 -5,387 -11,069 - - -
ROE (net income / shareholders' equity) 1.4% -2.8% 5% 4.2% 0.7% 3.28% 3.66% 3.78%
ROA (Net income/ Total Assets) 1.73% 3.05% 2.07% 3.84% 0.59% - - -
Assets 1 87,570 -98,916 264,754 125,013 148,065 - - -
Book Value Per Share 2 2,360 2,330 2,434 2,508 2,644 2,664 2,695 2,729
Cash Flow per Share 181.0 82.80 253.0 248.0 180.0 - - -
Capex 7,419 5,193 3,629 6,223 9,201 - - -
Capex / Sales 3.56% 2.82% 2.04% 2.95% 4.56% - - -
Announcement Date 2/13/20 2/12/21 2/14/22 2/14/23 2/14/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
1,758 JPY
Average target price
1,650 JPY
Spread / Average Target
-6.14%
Consensus
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