NISSEI ASB MACHINE CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,110 JPY | +1.19% |
|
-1.16% | +16.14% |
| 2023 | Nissei ASB Machine Co., Ltd. Reports Earnings Results for the Half Year Ended March 31, 2023 | CI |
| 2021 | AssistMotion announced that it has received funding from Nissei Asb Machine Co., Ltd. | CI |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 50,822 | 63,715 | 57,718 | 53,669 | 68,211 | 75,706 | - | - |
| Enterprise Value (EV) 1 | 52,096 | 59,450 | 50,365 | 45,391 | 53,737 | 75,706 | 75,706 | 75,706 |
| P/E ratio | 16.1 x | 15 x | 8.64 x | 8.75 x | 13.4 x | 13.1 x | 12 x | 11.3 x |
| Yield | 1.77% | 1.41% | 2.6% | 2.79% | 2.64% | 2.38% | 2.48% | 2.57% |
| Capitalization / Revenue | 1.95 x | 2.34 x | 1.61 x | 1.77 x | 1.96 x | 2.01 x | 1.89 x | 1.81 x |
| EV / Revenue | 1.95 x | 2.34 x | 1.61 x | 1.77 x | 1.96 x | 2.01 x | 1.89 x | 1.81 x |
| EV / EBITDA | 8.97 x | 10.2 x | 5.61 x | 7.44 x | 7.65 x | 7.5 x | 7.04 x | 6.67 x |
| EV / FCF | 46.6 x | 9.38 x | 15.6 x | 189 x | 9.46 x | 15.1 x | 15 x | 12.3 x |
| FCF Yield | 2.14% | 10.7% | 6.42% | 0.53% | 10.6% | 6.61% | 6.69% | 8.14% |
| Price to Book | 1.76 x | 2.03 x | 1.52 x | 1.17 x | 1.35 x | 1.4 x | 1.29 x | 1.19 x |
| Nbr of stocks (in thousands) | 14,992 | 14,992 | 14,992 | 14,991 | 14,991 | 14,991 | - | - |
| Reference price 2 | 3,390 | 4,250 | 3,850 | 3,580 | 4,550 | 5,050 | 5,050 | 5,050 |
| Announcement Date | 11/12/19 | 11/11/20 | 11/10/21 | 11/9/22 | 11/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,129 | 27,254 | 35,890 | 30,277 | 34,798 | 37,725 | 40,000 | 41,875 |
| EBITDA 1 | 5,665 | 6,221 | 10,291 | 7,210 | 8,922 | 10,100 | 10,750 | 11,350 |
| EBIT 1 | 4,304 | 4,850 | 8,735 | 5,556 | 7,166 | 8,100 | 8,850 | 9,450 |
| Operating Margin | 16.47% | 17.8% | 24.34% | 18.35% | 20.59% | 21.47% | 22.12% | 22.57% |
| Earnings before Tax (EBT) 1 | 4,319 | 5,004 | 9,576 | 8,927 | 6,953 | 8,267 | 8,933 | 9,567 |
| Net income 1 | 3,154 | 4,239 | 6,680 | 6,130 | 5,085 | 5,812 | 6,325 | 6,750 |
| Net margin | 12.07% | 15.55% | 18.61% | 20.25% | 14.61% | 15.41% | 15.81% | 16.12% |
| EPS 2 | 210.3 | 282.8 | 445.6 | 409.0 | 339.2 | 385.6 | 419.5 | 447.7 |
| Free Cash Flow 1 | 1,090 | 6,795 | 3,704 | 284 | 7,210 | 5,005 | 5,062 | 6,166 |
| FCF margin | 4.17% | 24.93% | 10.32% | 0.94% | 20.72% | 13.27% | 12.66% | 14.72% |
| FCF Conversion (EBITDA) | 19.24% | 109.23% | 35.99% | 3.94% | 80.81% | 49.55% | 47.09% | 54.32% |
| FCF Conversion (Net income) | 34.56% | 160.3% | 55.45% | 4.63% | 141.79% | 86.11% | 80.04% | 91.34% |
| Dividend per Share 2 | 60.00 | 60.00 | 100.0 | 100.0 | 120.0 | 120.0 | 125.0 | 130.0 |
| Announcement Date | 11/12/19 | 11/11/20 | 11/10/21 | 11/9/22 | 11/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q1 | 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 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,218 | 15,036 | 17,875 | 18,015 | 6,847 | 15,090 | 7,898 | 7,289 | 6,933 | 8,590 | 15,523 | 8,598 | 10,677 | 19,275 | 8,043 | 8,605 | 16,648 | 9,600 | 11,000 | 21,200 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,887 | 2,963 | 4,840 | 3,895 | 1,153 | 2,841 | 1,402 | 1,313 | 1,311 | 1,927 | 3,238 | 1,929 | 1,999 | 3,928 | 1,631 | 1,801 | 3,432 | 2,000 | 2,500 | 4,600 |
| Operating Margin | 15.44% | 19.71% | 27.08% | 21.62% | 16.84% | 18.83% | 17.75% | 18.01% | 18.91% | 22.43% | 20.86% | 22.44% | 18.72% | 20.38% | 20.28% | 20.93% | 20.62% | 20.83% | 22.73% | 21.7% |
| Earnings before Tax (EBT) | 2,063 | - | 5,507 | - | 1,545 | 4,151 | 2,764 | - | 8 | - | 2,121 | 2,681 | - | - | 1,209 | - | 3,473 | - | - | - |
| Net income | 1,836 | 2,403 | 3,960 | - | 1,125 | 3,031 | 2,023 | - | 47 | - | 1,500 | 1,892 | - | - | 875 | - | 2,603 | - | - | - |
| Net margin | 15.03% | 15.98% | 22.15% | - | 16.43% | 20.09% | 25.61% | - | 0.68% | - | 9.66% | 22.01% | - | - | 10.88% | - | 15.64% | - | - | - |
| EPS | 122.5 | - | 264.2 | - | 75.08 | 202.2 | 135.0 | - | 3.180 | - | 100.1 | 126.2 | - | - | 58.40 | - | 173.6 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 5/13/20 | 11/11/20 | 5/12/21 | 11/10/21 | 2/9/22 | 5/11/22 | 8/5/22 | 11/9/22 | 2/10/23 | 5/12/23 | 5/12/23 | 8/4/23 | 11/10/23 | 11/10/23 | 2/9/24 | 5/14/24 | 5/14/24 | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 1,274 | - | - | - | - | - | - | - |
| Net Cash position | - | 4,265 | 7,353 | 8,278 | 14,474 | - | - | - |
| Leverage (Debt/EBITDA) | 0.2249 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,090 | 6,795 | 3,704 | 284 | 7,210 | 5,005 | 5,063 | 6,166 |
| ROE (net income / shareholders' equity) | 11.3% | 14.1% | 19.3% | 14.6% | 10.6% | 10.7% | 11.2% | 11.2% |
| ROA (Net income/ Total Assets) | 8.96% | 9% | 15.7% | 9.2% | 9.99% | 7.8% | 8.1% | 8.4% |
| Assets 1 | 35,185 | 47,098 | 42,613 | 66,616 | 50,883 | 74,519 | 78,086 | 80,357 |
| Book Value Per Share 2 | 1,922 | 2,092 | 2,526 | 3,059 | 3,358 | 3,615 | 3,925 | 4,246 |
| Cash Flow per Share | 301.0 | 374.0 | 549.0 | 519.0 | 456.0 | - | - | - |
| Capex 1 | 1,829 | 2,146 | 1,820 | 3,185 | 667 | 800 | 1,267 | 1,400 |
| Capex / Sales | 7% | 7.87% | 5.07% | 10.52% | 1.92% | 2.12% | 3.17% | 3.34% |
| Announcement Date | 11/12/19 | 11/11/20 | 11/10/21 | 11/9/22 | 11/10/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
5,050
JPY
Average target price
5,810
JPY
Spread / Average Target
+15.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.14% | 484M | |
| -7.96% | 13.9B | |
| +30.43% | 5.22B | |
| +7.25% | 5.35B | |
| -2.87% | 5.01B | |
| -17.27% | 4.55B | |
| +13.42% | 4.33B | |
| +42.85% | 3.77B | |
| +13.24% | 3.85B | |
| -1.34% | 3.25B |
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