Financials Nippon Pigment Company Limited

Equities

4119

JP3747000002

Specialty Chemicals

Market Closed - Japan Exchange 02:00:00 2024-05-10 am EDT 5-day change 1st Jan Change
2,970 JPY +4.95% Intraday chart for Nippon Pigment Company Limited +6.19% +23.29%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 5,928 3,925 2,322 3,088 3,768 3,542
Enterprise Value (EV) 1 9,755 9,041 7,207 7,117 6,973 6,177
P/E ratio 8.75 x 7.08 x 12.6 x -26.6 x 4.25 x -6.82 x
Yield 2.12% 3.2% 5.41% 2.54% 4.17% 4.43%
Capitalization / Revenue 0.13 x 0.09 x 0.06 x 0.1 x 0.14 x 0.13 x
EV / Revenue 0.21 x 0.2 x 0.19 x 0.24 x 0.25 x 0.22 x
EV / EBITDA 5.29 x 4.44 x 4.04 x 4.86 x 2.87 x 5.66 x
EV / FCF 10.6 x -9.44 x -15.4 x 13.5 x 9.54 x -32.1 x
FCF Yield 9.47% -10.6% -6.51% 7.4% 10.5% -3.12%
Price to Book 0.45 x 0.3 x 0.18 x 0.24 x 0.27 x 0.25 x
Nbr of stocks (in thousands) 1,570 1,570 1,570 1,570 1,570 1,570
Reference price 2 3,775 2,500 1,479 1,967 2,400 2,256
Announcement Date 6/28/18 6/27/19 6/26/20 6/29/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 46,197 45,916 38,406 30,117 27,567 27,463
EBITDA 1 1,844 2,034 1,786 1,464 2,427 1,092
EBIT 1 938 947 471 265 1,285 -59
Operating Margin 2.03% 2.06% 1.23% 0.88% 4.66% -0.21%
Earnings before Tax (EBT) 1 1,038 883 462 29 1,361 -869
Net income 1 677 554 184 -116 885 -519
Net margin 1.47% 1.21% 0.48% -0.39% 3.21% -1.89%
EPS 2 431.2 352.9 117.3 -73.93 564.1 -330.8
Free Cash Flow 1 924 -957.5 -469.5 526.8 731.2 -192.6
FCF margin 2% -2.09% -1.22% 1.75% 2.65% -0.7%
FCF Conversion (EBITDA) 50.11% - - 35.98% 30.13% -
FCF Conversion (Net income) 136.48% - - - 82.63% -
Dividend per Share 2 80.00 80.00 80.00 50.00 100.0 100.0
Announcement Date 6/28/18 6/27/19 6/26/20 6/29/21 6/29/22 6/29/23
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 20,929 13,773 13,835 6,640 6,490 13,394 7,663 6,762 13,604 7,241
EBITDA - - - - - - - - - -
EBIT 1 150 -461 835 231 - -50 110 -10 -10 201
Operating Margin 0.72% -3.35% 6.04% 3.48% - -0.37% 1.44% -0.15% -0.07% 2.78%
Earnings before Tax (EBT) 1 166 -343 902 251 124 101 507 63 115 268
Net income 1 36 -260 602 169 88 64 466 22 16 159
Net margin 0.17% -1.89% 4.35% 2.55% 1.36% 0.48% 6.08% 0.33% 0.12% 2.2%
EPS 2 23.56 -165.8 383.9 107.7 56.47 41.08 296.8 14.06 10.19 101.9
Dividend per Share - - - - - - - - - -
Announcement Date 11/14/19 11/13/20 11/12/21 2/10/22 8/10/22 11/10/22 2/9/23 8/10/23 11/10/23 2/9/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 3,827 5,116 4,885 4,029 3,205 2,635
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.075 x 2.515 x 2.735 x 2.752 x 1.321 x 2.413 x
Free Cash Flow 1 924 -958 -470 527 731 -193
ROE (net income / shareholders' equity) 5.41% 4.17% 1.91% -1.27% 6.6% -3.41%
ROA (Net income/ Total Assets) 1.99% 1.85% 0.94% 0.53% 2.47% -0.12%
Assets 1 33,991 29,941 19,477 -21,698 35,875 435,403
Book Value Per Share 2 8,462 8,464 8,058 8,231 8,908 9,015
Cash Flow per Share 2 1,427 1,821 1,629 3,761 3,275 1,782
Capex 1 1,084 2,439 1,714 835 383 1,000
Capex / Sales 2.35% 5.31% 4.46% 2.77% 1.39% 3.64%
Announcement Date 6/28/18 6/27/19 6/26/20 6/29/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates
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