Financials NEC Corporation OTC Markets

Equities

NIPNF

JP3733000008

IT Services & Consulting

Market Closed - OTC Markets 01:10:02 07/06/2024 am IST 5-day change 1st Jan Change
75 USD +3.82% Intraday chart for NEC Corporation +0.54% +36.17%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,73,098 10,25,023 17,76,673 14,03,157 13,58,384 32,24,103 - -
Enterprise Value (EV) 1 12,41,590 13,41,190 19,56,184 15,52,201 14,84,571 29,28,366 31,50,203 29,70,429
P/E ratio 24.2 x 10.2 x 11.7 x 9.93 x 12 x 19.6 x 20.7 x 17.7 x
Yield 1.07% 1.77% 1.38% 1.94% 2.16% 1.09% 1.15% 1.36%
Capitalization / Revenue 0.33 x 0.33 x 0.59 x 0.47 x 0.41 x 0.84 x 0.94 x 0.9 x
EV / Revenue 0.43 x 0.43 x 0.65 x 0.51 x 0.45 x 0.84 x 0.92 x 0.83 x
EV / EBITDA 7.88 x 4.56 x 6.09 x 4.96 x 4.2 x 7.79 x 7.48 x 6.54 x
EV / FCF -99.8 x 7.09 x 12.8 x 18.4 x 14.5 x 16.8 x 16.7 x 13.5 x
FCF Yield -1% 14.1% 7.79% 5.42% 6.91% 5.97% 6% 7.41%
Price to Book 1.13 x 1.12 x 1.36 x 0.93 x 0.84 x 1.53 x 1.59 x 1.54 x
Nbr of stocks (in thousands) 2,59,839 2,59,828 2,72,496 2,72,458 2,66,350 2,66,455 - -
Reference price 2 3,745 3,945 6,520 5,150 5,100 12,100 12,100 12,100
Announcement Date 26/04/19 12/05/20 12/05/21 28/04/22 28/04/23 26/04/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 29,13,446 30,95,234 29,94,023 30,14,095 33,13,018 34,77,262 34,23,225 35,72,838
EBITDA 1 1,57,547 2,93,969 3,21,372 3,13,064 3,53,745 3,75,712 4,21,213 4,54,254
EBIT 1 58,465 1,27,609 1,53,759 1,32,525 1,70,447 1,88,012 2,30,288 2,68,712
Operating Margin 2.01% 4.12% 5.14% 4.4% 5.14% 5.41% 6.73% 7.52%
Earnings before Tax (EBT) 1 77,993 1,23,969 1,57,831 1,44,436 1,67,671 1,85,011 2,37,077 2,73,631
Net income 1 40,195 99,967 1,49,606 1,41,277 1,14,500 1,49,521 1,56,078 1,82,466
Net margin 1.38% 3.23% 5% 4.69% 3.46% 4.3% 4.56% 5.11%
EPS 2 154.8 385.0 557.2 518.5 424.5 561.2 585.8 683.4
Free Cash Flow 1 -12,440 1,89,038 1,52,416 84,140 1,02,536 1,74,729 1,88,975 2,20,040
FCF margin -0.43% 6.11% 5.09% 2.79% 3.09% 5.02% 5.52% 6.16%
FCF Conversion (EBITDA) - 64.31% 47.43% 26.88% 28.99% 46.51% 44.86% 48.44%
FCF Conversion (Net income) - 189.1% 101.88% 59.56% 89.55% 116.86% 121.08% 120.59%
Dividend per Share 2 40.00 70.00 90.00 100.0 110.0 120.0 139.2 164.1
Announcement Date 26/04/19 12/05/20 12/05/21 28/04/22 28/04/23 26/04/24 - -
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 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4 2025 S2
Net sales 1 14,48,993 16,46,241 13,15,030 16,78,993 7,30,864 13,82,805 7,13,551 9,17,739 16,31,290 6,59,669 7,95,702 14,55,371 8,13,888 10,43,759 18,57,647 7,06,542 8,42,259 15,48,801 8,44,475 10,83,986 19,28,461 6,91,400 8,31,200 15,48,000 8,24,200 10,61,200 19,32,000
EBITDA 1 - - - - 59,890 - 69,818 1,36,746 - 28,862 74,836 - 91,594 1,58,453 - 37,930 83,239 - 90,027 1,64,516 - 50,791 1,03,430 - - - -
EBIT 1 46,856 80,753 19,973 1,33,786 22,072 23,205 24,057 85,263 1,09,320 -15,341 29,208 13,867 43,232 1,13,348 1,56,580 -8,125 36,120 27,995 41,820 1,18,197 1,60,017 -875 42,195 34,000 45,000 1,43,340 1,91,000
Operating Margin 3.23% 4.91% 1.52% 7.97% 3.02% 1.68% 3.37% 9.29% 6.7% -2.33% 3.67% 0.95% 5.31% 10.86% 8.43% -1.15% 4.29% 1.81% 4.95% 10.9% 8.3% -0.13% 5.08% 2.2% 5.46% 13.51% 9.89%
Earnings before Tax (EBT) 1 46,115 77,854 19,363 1,38,468 22,814 25,758 23,327 95,351 1,18,678 -6,647 30,758 24,111 33,492 1,10,068 1,43,560 -2,463 34,440 31,977 36,177 1,16,857 1,53,034 7,000 29,000 36,000 31,000 1,58,000 1,89,000
Net income 1 29,162 70,805 11,008 1,38,598 13,116 13,342 11,591 1,16,344 1,27,935 -13,862 17,835 3,973 22,396 88,131 1,10,527 -7,388 20,302 12,914 21,126 1,15,481 1,36,607 -2,199 27,544 21,157 28,143 1,01,340 1,40,497
Net margin 2.01% 4.3% 0.84% 8.25% 1.79% 0.96% 1.62% 12.68% 7.84% -2.1% 2.24% 0.27% 2.75% 8.44% 5.95% -1.05% 2.41% 0.83% 2.5% 10.65% 7.08% -0.32% 3.31% 1.37% 3.41% 9.55% 7.27%
EPS 2 112.3 272.7 41.53 515.6 48.14 48.97 42.54 427.0 469.6 -50.88 65.48 14.60 82.82 327.1 409.9 -27.74 76.22 48.48 79.30 433.5 512.8 -8.252 103.4 79.40 105.6 380.3 527.3
Dividend per Share 2 30.00 40.00 40.00 50.00 50.00 50.00 - 50.00 50.00 - 55.00 55.00 - 55.00 55.00 - 60.00 60.00 - 60.00 60.00 - 65.00 65.00 - 65.00 65.00
Announcement Date 29/10/19 12/05/20 29/10/20 12/05/21 29/10/21 29/10/21 31/01/22 28/04/22 28/04/22 28/07/22 28/10/22 28/10/22 30/01/23 28/04/23 28/04/23 28/07/23 30/10/23 30/10/23 30/01/24 26/04/24 26/04/24 - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,68,492 3,16,167 1,79,511 1,49,044 1,26,187 1,39,758 - -
Net Cash position 1 - - - - - - 73,900 2,53,674
Leverage (Debt/EBITDA) 1.704 x 1.076 x 0.5586 x 0.4761 x 0.3567 x 0.3683 x - -
Free Cash Flow 1 -12,440 1,89,038 1,52,416 84,140 1,02,536 1,74,729 1,88,975 2,20,040
ROE (net income / shareholders' equity) 4.6% 11.3% 13.5% 10% 7.3% 8.4% 7.97% 9.02%
ROA (Net income/ Total Assets) 2.7% 4.08% 4.65% 3.89% 4.33% 4.51% 4.3% 4.81%
Assets 1 14,87,349 24,48,953 32,18,939 36,33,892 26,44,739 33,18,184 36,29,711 37,92,084
Book Value Per Share 2 3,310 3,508 4,801 5,555 6,097 7,189 7,619 7,878
Cash Flow per Share 2 536.0 1,026 1,181 1,181 1,104 1,266 1,260 1,338
Capex 1 48,929 72,825 70,936 71,106 77,714 96,499 85,600 89,000
Capex / Sales 1.68% 2.35% 2.37% 2.36% 2.35% 2.78% 2.5% 2.49%
Announcement Date 26/04/19 12/05/20 12/05/21 28/04/22 28/04/23 26/04/24 - -
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
BUY
Number of Analysts
12
Last Close Price
12,100 JPY
Average target price
12,892 JPY
Spread / Average Target
+6.54%
Consensus