Financials NEC Corporation Deutsche Boerse AG

Equities

NEC1

JP3733000008

IT Services & Consulting

Real-time Estimate Tradegate 04:02:22 16/07/2024 pm IST 5-day change 1st Jan Change
79.94 EUR +3.18% Intraday chart for NEC Corporation +1.17% +51.70%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 10,25,023 17,76,673 14,03,157 13,58,384 29,28,366 35,21,200 - -
Enterprise Value (EV) 1 13,41,190 19,56,184 15,52,201 14,84,571 29,84,791 34,47,300 32,67,526 30,86,226
P/E ratio 10.2 x 11.7 x 9.93 x 12 x 19.6 x 22.9 x 19.3 x 17.4 x
Yield 1.77% 1.38% 1.94% 2.16% 1.09% 1.06% 1.26% 1.43%
Capitalization / Revenue 0.33 x 0.59 x 0.47 x 0.41 x 0.84 x 1.03 x 0.99 x 0.95 x
EV / Revenue 0.43 x 0.65 x 0.51 x 0.45 x 0.86 x 1.01 x 0.92 x 0.84 x
EV / EBITDA 4.56 x 6.09 x 4.96 x 4.2 x 7.94 x 8.17 x 7.18 x 6.38 x
EV / FCF 7.09 x 12.8 x 18.4 x 14.5 x 17.1 x 16.7 x 13.7 x 11.6 x
FCF Yield 14.1% 7.79% 5.42% 6.91% 5.85% 6% 7.29% 8.58%
Price to Book 1.12 x 1.36 x 0.93 x 0.84 x 1.53 x 1.73 x 1.62 x 1.51 x
Nbr of stocks (in thousands) 2,59,828 2,72,496 2,72,458 2,66,350 2,66,457 2,66,455 - -
Reference price 2 3,945 6,520 5,150 5,100 10,990 13,215 13,215 13,215
Announcement Date 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 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 30,95,234 29,94,023 30,14,095 33,13,018 34,77,262 34,12,518 35,53,322 36,89,148
EBITDA 1 2,93,969 3,21,372 3,13,064 3,53,745 3,75,712 4,21,894 4,55,273 4,83,523
EBIT 1 1,27,609 1,53,759 1,32,525 1,70,447 1,88,012 2,31,423 2,70,204 2,99,158
Operating Margin 4.12% 5.14% 4.4% 5.14% 5.41% 6.78% 7.6% 8.11%
Earnings before Tax (EBT) 1 1,23,969 1,57,831 1,44,436 1,67,671 1,85,011 2,36,958 2,75,835 3,06,863
Net income 1 99,967 1,49,606 1,41,277 1,14,500 1,49,521 1,54,612 1,82,411 2,03,109
Net margin 3.23% 5% 4.69% 3.46% 4.3% 4.53% 5.13% 5.51%
EPS 2 385.0 557.2 518.5 424.5 561.2 576.4 683.1 760.6
Free Cash Flow 1 1,89,038 1,52,416 84,140 1,02,536 1,74,729 2,06,700 2,38,225 2,64,925
FCF margin 6.11% 5.09% 2.79% 3.09% 5.02% 6.06% 6.7% 7.18%
FCF Conversion (EBITDA) 64.31% 47.43% 26.88% 28.99% 46.51% 48.99% 52.33% 54.79%
FCF Conversion (Net income) 189.1% 101.88% 59.56% 89.55% 116.86% 133.69% 130.6% 130.43%
Dividend per Share 2 70.00 90.00 100.0 110.0 120.0 140.0 166.5 188.5
Announcement Date 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: März 2020 S2 2021 S1 2021 S2 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 2026 Q1
Net sales 1 16,46,241 13,15,030 16,78,993 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 6,89,250 8,27,000 14,90,000 8,16,750 10,57,000 19,10,000 -
EBITDA 1 - - - - 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 80,753 19,973 1,33,786 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 -1,850 44,635 41,000 48,250 1,39,425 1,84,000 -
Operating Margin 4.91% 1.52% 7.97% 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% -0.27% 5.4% 2.75% 5.91% 13.19% 9.63% -
Earnings before Tax (EBT) 77,854 19,363 1,38,468 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 - - - - - - -
Net income 1 70,805 11,008 1,38,598 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 1,36,607 619.4 26,804 23,500 34,034 90,951 1,31,500 -
Net margin 4.3% 0.84% 8.25% 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% 0.09% 3.24% 1.58% 4.17% 8.6% 6.88% -
EPS 2 272.7 41.53 515.6 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 -2.857 120.5 - 133.5 311.1 - -
Dividend per Share 2 40.00 40.00 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 - -
Announcement Date 12/05/20 29/10/20 12/05/21 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: März 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 3,16,167 1,79,511 1,49,044 1,26,187 56,425 - - -
Net Cash position 1 - - - - - 73,900 2,53,674 4,34,974
Leverage (Debt/EBITDA) 1.076 x 0.5586 x 0.4761 x 0.3567 x 0.1502 x - - -
Free Cash Flow 1 1,89,038 1,52,416 84,140 1,02,536 1,74,729 2,06,700 2,38,225 2,64,925
ROE (net income / shareholders' equity) 11.3% 13.5% 10% 7.3% 8.4% 7.99% 8.93% 9.26%
ROA (Net income/ Total Assets) 4.08% 4.65% 3.89% 4.33% 4.51% 4.11% 4.81% 5.24%
Assets 1 24,48,953 32,18,939 36,33,892 26,44,739 33,18,184 37,60,252 37,92,336 38,72,982
Book Value Per Share 2 3,508 4,801 5,555 6,097 7,189 7,619 8,173 8,778
Cash Flow per Share 2 1,026 1,181 1,181 1,104 1,266 1,260 1,338 1,382
Capex 1 72,825 70,936 71,106 77,714 96,499 85,600 89,000 91,000
Capex / Sales 2.35% 2.37% 2.36% 2.35% 2.78% 2.51% 2.5% 2.47%
Announcement Date 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
11
Last Close Price
13,215 JPY
Average target price
13,427 JPY
Spread / Average Target
+1.61%
Consensus