NH FOODS LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,989 JPY | -2.71% |
|
-3.80% | +4.37% |
| 10/05 | NH Foods Ltd. announces an Equity Buyback for 4,000,000 shares, representing 3.9% for ¥20,000 million. | CI |
| 10/05 | NH Foods Ltd. authorizes a Buyback Plan. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,26,856 | 3,87,474 | 4,84,650 | 4,24,470 | 3,92,935 | 5,10,644 | - | - |
| Enterprise Value (EV) 1 | 5,25,757 | 4,91,568 | 5,94,569 | 5,50,503 | 5,70,004 | 5,22,126 | 6,91,794 | 6,90,111 |
| P/E ratio | 21.8 x | 20.2 x | 14.9 x | 8.83 x | 23.6 x | 18.6 x | 15.1 x | 13.8 x |
| Yield | 2.26% | 2.39% | 1.98% | 2.46% | 2.87% | 2.25% | 2.35% | 2.47% |
| Capitalization / Revenue | 0.35 x | 0.32 x | 0.41 x | 0.36 x | 0.31 x | 0.4 x | 0.39 x | 0.38 x |
| EV / Revenue | 0.43 x | 0.4 x | 0.51 x | 0.47 x | 0.45 x | 0.4 x | 0.52 x | 0.52 x |
| EV / EBITDA | 9.54 x | 6.75 x | 7.03 x | 7.01 x | 11.5 x | 8.92 x | 8.07 x | 7.59 x |
| EV / FCF | -31 x | 27.8 x | 24.1 x | 52.2 x | -10.9 x | 33.6 x | 44.8 x | 36.2 x |
| FCF Yield | -3.23% | 3.59% | 4.15% | 1.92% | -9.18% | 2.98% | 2.23% | 2.76% |
| Price to Book | 1.02 x | 0.96 x | 1.12 x | 0.89 x | 0.8 x | 0.99 x | 0.96 x | 0.92 x |
| Nbr of stocks (in thousands) | 1,07,116 | 1,02,915 | 1,02,139 | 1,02,282 | 1,02,460 | 1,02,354 | - | - |
| Reference price 2 | 3,985 | 3,765 | 4,745 | 4,150 | 3,835 | 4,989 | 4,989 | 4,989 |
| Announcement Date | 15/05/19 | 11/05/20 | 10/05/21 | 10/05/22 | 10/05/23 | 10/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,34,180 | 12,29,826 | 11,76,101 | 11,74,389 | 12,59,792 | 13,03,432 | 13,18,257 | 13,36,186 |
| EBITDA 1 | 55,130 | 72,836 | 84,628 | 78,542 | 49,385 | 77,750 | 85,750 | 90,950 |
| EBIT 1 | 32,265 | 39,500 | 50,519 | 42,078 | 10,952 | 31,557 | 45,460 | 50,020 |
| Operating Margin | 2.61% | 3.21% | 4.3% | 3.58% | 0.87% | 2.42% | 3.45% | 3.74% |
| Earnings before Tax (EBT) 1 | 30,267 | 27,039 | 48,874 | 51,366 | 22,162 | 40,599 | 49,950 | 53,783 |
| Net income 1 | 19,561 | 19,214 | 32,616 | 48,049 | 16,637 | 28,078 | 33,886 | 36,686 |
| Net margin | 1.58% | 1.56% | 2.77% | 4.09% | 1.32% | 2.15% | 2.57% | 2.75% |
| EPS 2 | 183.2 | 186.7 | 318.0 | 469.9 | 162.4 | 273.7 | 331.3 | 361.9 |
| Free Cash Flow 1 | -16,976 | 17,662 | 24,691 | 10,550 | -52,346 | 20,650 | 15,444 | 19,068 |
| FCF margin | -1.38% | 1.44% | 2.1% | 0.9% | -4.16% | 1.59% | 1.17% | 1.43% |
| FCF Conversion (EBITDA) | - | 24.25% | 29.18% | 13.43% | - | 26.56% | 18.01% | 20.96% |
| FCF Conversion (Net income) | - | 91.92% | 75.7% | 21.96% | - | 69.73% | 45.58% | 51.98% |
| Dividend per Share 2 | 90.00 | 90.00 | 94.00 | 102.0 | 110.0 | 112.2 | 117.2 | 123.3 |
| Announcement Date | 15/05/19 | 11/05/20 | 10/05/21 | 10/05/22 | 10/05/23 | 10/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Marzo | 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 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,16,266 | 6,13,560 | 5,73,484 | 6,02,617 | 3,08,418 | 6,03,365 | 3,49,874 | 2,21,150 | 5,71,024 | 3,11,512 | 3,22,512 | 6,34,024 | 3,52,079 | 2,73,689 | - | 3,22,175 | 3,29,947 | 6,52,122 | 3,45,835 | 3,05,475 | 6,51,310 | 3,30,100 | 3,32,900 | - | 3,49,200 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 23,477 | - | 25,897 | 24,622 | 11,922 | 26,684 | 19,693 | -4,299 | - | 7,105 | 3,493 | 10,598 | 5,426 | -5,072 | - | 12,952 | 10,943 | 23,895 | 13,103 | -5,441 | - | - | - | - | - | - | - | - | - |
| Operating Margin | 3.81% | - | 4.52% | 4.09% | 3.87% | 4.42% | 5.63% | -1.94% | - | 2.28% | 1.08% | 1.67% | 1.54% | -1.85% | - | 4.02% | 3.32% | 3.66% | 3.79% | -1.78% | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 14,963 | - | 28,730 | 20,144 | 13,300 | 28,039 | 22,198 | 1,129 | - | 14,394 | 7,897 | 22,291 | 2,883 | -3,012 | - | 18,785 | 12,820 | 31,605 | 12,076 | -3,082 | - | - | - | - | - | - | - | - | - |
| Net income 1 | 10,331 | - | 19,476 | 13,140 | 9,698 | 19,604 | 17,143 | 11,302 | - | 10,182 | 5,298 | 15,480 | 3,739 | -2,582 | - | 11,749 | 8,235 | 19,984 | 9,536 | -1,442 | - | - | - | - | - | - | - | - | - |
| Net margin | 1.68% | - | 3.4% | 2.18% | 3.14% | 3.25% | 4.9% | 5.11% | - | 3.27% | 1.64% | 2.44% | 1.06% | -0.94% | - | 3.65% | 2.5% | 3.06% | 2.76% | -0.47% | - | - | - | - | - | - | - | - | - |
| EPS 2 | 100.4 | - | 189.3 | - | 94.86 | 191.8 | 167.6 | 110.5 | - | 99.49 | 51.72 | 151.2 | 36.49 | -25.26 | - | 114.6 | 80.28 | 194.9 | 92.92 | -14.10 | - | 87.80 | 93.65 | - | 105.4 | - | - | - | - |
| Dividend per Share 2 | - | 90.00 | - | 94.00 | - | - | - | - | 102.0 | - | - | - | - | - | 110.0 | - | - | - | - | 112.0 | 115.0 | - | - | - | - | 116.0 | 155.0 | - | 162.0 |
| Announcement Date | 31/10/19 | 11/05/20 | 02/11/20 | 10/05/21 | 01/11/21 | 01/11/21 | 02/02/22 | 10/05/22 | 10/05/22 | 01/08/22 | 31/10/22 | 31/10/22 | 31/01/23 | 10/05/23 | 10/05/23 | 01/08/23 | 31/10/23 | 31/10/23 | 01/02/24 | 10/05/24 | 10/05/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 98,901 | 1,04,094 | 1,09,919 | 1,26,033 | 1,77,069 | 1,82,883 | 1,81,150 | 1,79,467 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.794 x | 1.429 x | 1.299 x | 1.605 x | 3.585 x | 2.352 x | 2.113 x | 1.973 x |
| Free Cash Flow 1 | -16,976 | 17,662 | 24,691 | 10,550 | -52,346 | 20,650 | 15,444 | 19,068 |
| ROE (net income / shareholders' equity) | 4.8% | 4.8% | 7.8% | 10.5% | 3.4% | 5.5% | 6.45% | 6.86% |
| ROA (Net income/ Total Assets) | 4.05% | 3.58% | 6.13% | 5.92% | 2.4% | 4.28% | 4.5% | 4.8% |
| Assets 1 | 4,83,568 | 5,36,594 | 5,31,966 | 8,11,301 | 6,93,035 | 6,55,420 | 7,53,016 | 7,64,286 |
| Book Value Per Share 2 | 3,897 | 3,929 | 4,244 | 4,682 | 4,809 | 5,139 | 5,204 | 5,438 |
| Cash Flow per Share | 397.0 | 511.0 | 650.0 | 827.0 | 538.0 | 661.0 | - | - |
| Capex 1 | 47,820 | 47,802 | 82,902 | 79,347 | 67,159 | 65,825 | 52,500 | 52,500 |
| Capex / Sales | 3.87% | 3.89% | 7.05% | 6.76% | 5.33% | 5.06% | 3.98% | 3.93% |
| Announcement Date | 15/05/19 | 11/05/20 | 10/05/21 | 10/05/22 | 10/05/23 | 10/05/24 | - | - |
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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
4,989
JPY
Average target price
5,600
JPY
Spread / Average Target
+12.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.37% | 3.28B | |
| -2.39% | 275B | |
| -1.70% | 95.5B | |
| -2.00% | 44.01B | |
| +9.84% | 41.41B | |
| +1.40% | 41.13B | |
| +8.54% | 39.91B | |
| -12.79% | 31.14B | |
| -4.77% | 29.23B | |
| +14.15% | 25.26B |
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