Financials NICHIDEN Corporation

Equities

9902

JP3661950000

Industrial Machinery & Equipment

Delayed Japan Exchange 02:00:00 2024-05-20 am EDT 5-day change 1st Jan Change
2,890 JPY +0.66% Intraday chart for NICHIDEN Corporation +0.10% +0.66%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 65,822 49,398 66,732 68,774 67,737 59,761
Enterprise Value (EV) 1 40,745 21,364 39,042 48,645 45,938 41,222
P/E ratio 15.1 x 10.9 x 19.2 x 24.2 x 16 x 12 x
Yield 1.91% 2.86% 2.12% 1.83% 2.55% 3.42%
Capitalization / Revenue 0.55 x 0.4 x 0.59 x 0.67 x 0.55 x 0.45 x
EV / Revenue 0.34 x 0.17 x 0.35 x 0.47 x 0.37 x 0.31 x
EV / EBITDA 5.99 x 2.8 x 6.18 x 9.55 x 6.51 x 5.22 x
EV / FCF 34.7 x 5.04 x 9.12 x 30.5 x -39.8 x -52.2 x
FCF Yield 2.88% 19.8% 11% 3.28% -2.51% -1.92%
Price to Book 0.91 x 0.65 x 0.87 x 0.86 x 0.81 x 0.69 x
Nbr of stocks (in thousands) 31,403 31,403 31,403 31,403 31,403 31,403
Reference price 2 2,096 1,573 2,125 2,190 2,157 1,903
Announcement Date 6/25/18 6/24/19 6/29/20 6/28/21 6/27/22 6/26/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 119,712 124,604 112,334 102,751 123,964 131,609
EBITDA 1 6,806 7,638 6,313 5,094 7,054 7,891
EBIT 1 6,052 6,595 5,155 3,944 5,503 6,287
Operating Margin 5.06% 5.29% 4.59% 3.84% 4.44% 4.78%
Earnings before Tax (EBT) 1 6,254 6,599 5,216 4,156 6,082 7,205
Net income 1 4,354 4,548 3,467 2,841 4,245 4,967
Net margin 3.64% 3.65% 3.09% 2.76% 3.42% 3.77%
EPS 2 138.6 144.8 110.4 90.47 135.2 158.2
Free Cash Flow 1 1,175 4,235 4,281 1,594 -1,153 -789.6
FCF margin 0.98% 3.4% 3.81% 1.55% -0.93% -0.6%
FCF Conversion (EBITDA) 17.26% 55.45% 67.81% 31.29% - -
FCF Conversion (Net income) 26.99% 93.13% 123.47% 56.11% - -
Dividend per Share 2 40.00 45.00 45.00 40.00 55.00 65.00
Announcement Date 6/25/18 6/24/19 6/29/20 6/28/21 6/27/22 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 56,062 47,928 59,151 32,488 32,134 65,380 33,832 31,398 62,450 32,209
EBITDA - - - - - - - - - -
EBIT 1 2,412 1,497 2,387 1,485 1,476 3,124 1,782 1,328 2,854 1,699
Operating Margin 4.3% 3.12% 4.04% 4.57% 4.59% 4.78% 5.27% 4.23% 4.57% 5.27%
Earnings before Tax (EBT) 1 2,529 1,602 2,662 1,632 1,755 3,518 1,934 1,572 3,699 1,728
Net income 1 1,694 1,084 1,894 1,119 1,203 2,418 1,320 1,073 2,514 1,163
Net margin 3.02% 2.26% 3.2% 3.44% 3.74% 3.7% 3.9% 3.42% 4.03% 3.61%
EPS 2 53.96 34.53 60.34 35.63 38.33 77.02 42.04 34.27 80.78 38.16
Dividend per Share - - - - - - - - - -
Announcement Date 11/6/19 11/10/20 11/5/21 2/4/22 8/1/22 11/2/22 2/3/23 8/1/23 11/2/23 2/2/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 25,077 28,034 27,690 20,129 21,799 18,539
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,175 4,235 4,281 1,594 -1,153 -790
ROE (net income / shareholders' equity) 6.2% 6.14% 4.56% 3.62% 5.19% 5.86%
ROA (Net income/ Total Assets) 3.95% 3.98% 3.1% 2.3% 2.96% 3.23%
Assets 1 110,264 114,406 111,677 123,769 143,533 153,820
Book Value Per Share 2 2,315 2,405 2,442 2,557 2,653 2,749
Cash Flow per Share 2 802.0 824.0 741.0 587.0 514.0 505.0
Capex 1 280 234 682 874 3,078 1,496
Capex / Sales 0.23% 0.19% 0.61% 0.85% 2.48% 1.14%
Announcement Date 6/25/18 6/24/19 6/29/20 6/28/21 6/27/22 6/26/23
1JPY in Million2JPY
Estimates
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