NIPPON TELEGRAPH AND TELEPHONE CORPORATION Financials Nippon Telegraph and Telephone Corporation
Equities
9432
JP3735400008
Integrated Telecommunications Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 145.5 JPY | +0.41% |
|
-3.13% | -15.55% |
| 11/06 | Philippines' PLDT in talks with final bidder for data centre business stake, chairman says | RE |
| 10/05 | Transcript : Nippon Telegraph and Telephone Corporation, 2024 Earnings Call, May 10, 2024 |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 90,17,559 | 93,62,448 | 1,02,93,816 | 1,25,54,530 | 1,35,08,769 | 1,21,83,416 | - | - |
| Enterprise Value (EV) 1 | 1,22,16,398 | 1,30,81,630 | 1,77,30,177 | 1,98,41,020 | 2,18,65,382 | 2,48,48,999 | 2,00,15,080 | 1,96,52,882 |
| P/E ratio | 10.7 x | 11.1 x | 11.5 x | 10.8 x | 11.4 x | 11.9 x | 10.4 x | 9.28 x |
| Yield | 3.83% | 3.69% | 3.69% | 3.24% | 3.03% | 2.84% | 3.65% | 3.91% |
| Capitalization / Revenue | 0.76 x | 0.79 x | 0.86 x | 1.03 x | 1.03 x | 1.13 x | 0.9 x | 0.88 x |
| EV / Revenue | 1.03 x | 1.1 x | 1.48 x | 1.63 x | 1.66 x | 1.86 x | 1.48 x | 1.42 x |
| EV / EBITDA | 4.04 x | 4.32 x | 5.58 x | 5.96 x | 6.65 x | 7 x | 5.69 x | 5.37 x |
| EV / FCF | 17.2 x | 11 x | 13.8 x | 15.1 x | 41.7 x | 64.6 x | 24.7 x | 23.3 x |
| FCF Yield | 5.81% | 9.09% | 7.22% | 6.61% | 2.4% | 1.55% | 4.05% | 4.28% |
| Price to Book | 0.97 x | 1.03 x | 1.36 x | 1.52 x | 1.58 x | 1.54 x | 1.2 x | 1.11 x |
| Nbr of stocks (in thousands) | 9,58,70,284 | 9,08,79,905 | 9,05,50,810 | 8,85,36,882 | 8,52,39,584 | 8,40,81,548 | - | - |
| Reference price 2 | 94.06 | 103.0 | 113.7 | 141.8 | 158.5 | 144.9 | 144.9 | 144.9 |
| Announcement Date | 10/05/19 | 15/05/20 | 12/05/21 | 12/05/22 | 12/05/23 | 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 | 1,18,79,842 | 1,18,99,415 | 1,19,43,966 | 1,21,56,447 | 1,31,36,200 | 1,33,74,569 | 1,35,29,567 | 1,38,47,603 |
| EBITDA 1 | 30,27,480 | 30,27,461 | 31,78,544 | 33,29,776 | 32,90,200 | 35,51,496 | 35,16,263 | 36,61,355 |
| EBIT 1 | 16,93,833 | 15,62,151 | 16,71,391 | 17,68,593 | 18,29,000 | 19,22,910 | 19,23,153 | 20,45,349 |
| Operating Margin | 14.26% | 13.13% | 13.99% | 14.55% | 13.92% | 14.38% | 14.21% | 14.77% |
| Earnings before Tax (EBT) 1 | 16,71,861 | 15,70,141 | 16,52,575 | 17,95,525 | 18,17,700 | 19,80,457 | 18,58,388 | 19,57,659 |
| Net income 1 | 8,54,561 | 8,55,306 | 9,16,181 | 11,81,083 | 12,13,100 | 12,79,521 | 11,99,735 | 12,97,449 |
| Net margin | 7.19% | 7.19% | 7.67% | 9.72% | 9.23% | 9.57% | 8.87% | 9.37% |
| EPS 2 | 8.805 | 9.248 | 9.926 | 13.17 | 13.92 | 15.09 | 13.98 | 15.62 |
| Free Cash Flow 1 | 7,09,199 | 11,88,562 | 12,80,744 | 13,11,105 | 5,24,101 | 3,84,924 | 8,10,616 | 8,42,049 |
| FCF margin | 5.97% | 9.99% | 10.72% | 10.79% | 3.99% | 2.88% | 5.99% | 6.08% |
| FCF Conversion (EBITDA) | 23.43% | 39.26% | 40.29% | 39.38% | 15.93% | 10.84% | 23.05% | 23% |
| FCF Conversion (Net income) | 82.99% | 138.96% | 139.79% | 111.01% | 43.2% | 30.08% | 67.57% | 64.9% |
| Dividend per Share 2 | 3.600 | 3.800 | 4.200 | 4.600 | 4.800 | 5.100 | 5.283 | 5.663 |
| Announcement Date | 10/05/19 | 15/05/20 | 12/05/21 | 12/05/22 | 12/05/23 | 10/05/24 | - | - |
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 | 58,89,551 | 60,09,864 | 57,11,364 | 62,32,602 | 29,95,100 | 58,87,600 | 30,35,579 | 32,33,268 | 62,68,847 | 30,68,871 | 32,17,306 | 62,86,177 | 32,86,400 | 35,63,600 | 68,50,023 | 31,11,073 | 32,53,497 | 63,64,570 | 33,52,286 | 36,57,713 | 70,09,999 | 31,68,186 | 32,97,271 | 64,72,000 | 33,79,383 | 37,12,206 | 70,46,000 |
| EBITDA 1 | - | - | - | - | 8,76,300 | - | 9,18,696 | 6,32,180 | - | 8,92,994 | 8,84,857 | - | 8,80,200 | 7,02,400 | - | 8,70,797 | 8,74,956 | - | 9,42,311 | 8,63,432 | - | 9,05,405 | 8,93,953 | - | 9,39,301 | 7,67,580 | - |
| EBIT 1 | 9,82,805 | 5,79,346 | 10,08,580 | 6,62,811 | 5,23,000 | 10,09,300 | 5,30,392 | 2,28,901 | 7,59,293 | 5,03,352 | 4,93,187 | 9,96,539 | 5,24,300 | 3,08,200 | 8,32,461 | 4,74,650 | 4,76,296 | 9,50,946 | 5,35,241 | 4,36,723 | 9,71,964 | 4,94,285 | 4,81,942 | 9,94,500 | 5,40,373 | 3,64,889 | 10,56,000 |
| Operating Margin | 16.69% | 9.64% | 17.66% | 10.63% | 17.46% | 17.14% | 17.47% | 7.08% | 12.11% | 16.4% | 15.33% | 15.85% | 15.95% | 8.65% | 12.15% | 15.26% | 14.64% | 14.94% | 15.97% | 11.94% | 13.87% | 15.6% | 14.62% | 15.37% | 15.99% | 9.83% | 14.99% |
| Earnings before Tax (EBT) 1 | 10,01,859 | 5,68,282 | 10,05,067 | 6,47,508 | 5,19,000 | 10,15,300 | 5,38,664 | 2,41,561 | 7,80,225 | 5,25,537 | 4,93,915 | 10,19,452 | 5,10,500 | 2,87,800 | 7,98,248 | 5,77,536 | 4,61,567 | 10,39,103 | 5,17,739 | 4,23,615 | 9,41,354 | 5,09,206 | 4,71,057 | 9,58,500 | 5,25,601 | 3,56,453 | 10,16,000 |
| Net income 1 | 5,47,670 | 3,07,636 | 5,41,511 | 3,74,670 | 3,35,800 | 6,75,800 | 3,54,514 | 1,50,769 | 5,05,283 | 3,68,570 | 3,28,037 | 6,96,607 | 3,35,900 | 1,80,600 | 5,16,493 | 3,75,775 | 2,95,069 | 6,70,844 | 3,40,271 | 2,68,406 | 6,08,677 | 3,48,103 | 3,01,232 | - | 3,27,545 | 2,05,189 | - |
| Net margin | 9.3% | 5.12% | 9.48% | 6.01% | 11.21% | 11.48% | 11.68% | 4.66% | 8.06% | 12.01% | 10.2% | 11.08% | 10.22% | 5.07% | 7.54% | 12.08% | 9.07% | 10.54% | 10.15% | 7.34% | 8.68% | 10.99% | 9.14% | - | 9.69% | 5.53% | - |
| EPS 2 | 5.821 | - | 5.834 | - | 3.716 | 7.471 | 3.972 | 1.728 | - | 4.163 | 3.719 | 7.882 | 3.898 | 2.140 | - | 4.410 | 3.460 | 7.870 | 4.020 | 3.200 | 7.220 | 4.815 | 3.772 | - | 3.996 | 2.174 | - |
| Dividend per Share 2 | 1.900 | - | 2.000 | - | 2.200 | 2.200 | - | 2.400 | - | - | 2.400 | 2.400 | - | - | - | - | 2.500 | 2.500 | - | 2.600 | 2.600 | - | 2.600 | 2.600 | - | 2.600 | 2.600 |
| Announcement Date | 05/11/19 | 15/05/20 | 06/11/20 | 12/05/21 | 10/11/21 | 10/11/21 | 07/02/22 | 12/05/22 | 12/05/22 | 08/08/22 | 08/11/22 | 08/11/22 | 09/02/23 | 12/05/23 | 12/05/23 | 09/08/23 | 07/11/23 | 07/11/23 | 08/02/24 | 10/05/24 | 10/05/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 31,98,839 | 37,19,182 | 74,36,361 | 72,86,490 | 83,56,613 | 97,31,137 | 78,31,663 | 74,69,466 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.057 x | 1.228 x | 2.34 x | 2.188 x | 2.54 x | 2.74 x | 2.227 x | 2.04 x |
| Free Cash Flow 1 | 7,09,199 | 11,88,562 | 12,80,744 | 13,11,105 | 5,24,101 | 3,84,924 | 8,10,616 | 8,42,049 |
| ROE (net income / shareholders' equity) | 9.3% | 9.3% | 11% | 14.9% | 14.4% | 13.9% | 12.5% | 12.4% |
| ROA (Net income/ Total Assets) | 7.6% | 6.93% | 7.19% | 7.67% | 7.39% | 7.2% | 3.94% | 5.04% |
| Assets 1 | 1,12,37,732 | 1,23,40,707 | 1,27,45,465 | 1,54,01,466 | 1,64,08,144 | 1,77,71,125 | 3,04,70,147 | 2,57,65,689 |
| Book Value Per Share 2 | 96.60 | 99.70 | 83.50 | 93.50 | 100.0 | 117.0 | 121.0 | 131.0 |
| Cash Flow per Share 2 | 22.50 | 25.10 | 26.30 | 30.60 | 32.10 | 28.00 | 35.70 | 38.50 |
| Capex 1 | 16,96,958 | 18,06,649 | 17,28,320 | 16,87,599 | 18,62,404 | 20,84,004 | 19,87,859 | 20,87,830 |
| Capex / Sales | 14.28% | 15.18% | 14.47% | 13.88% | 14.18% | 15.58% | 14.69% | 15.08% |
| Announcement Date | 10/05/19 | 15/05/20 | 12/05/21 | 12/05/22 | 12/05/23 | 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
OUTPERFORM
Number of Analysts
16
Last Close Price
144.9
JPY
Average target price
189
JPY
Spread / Average Target
+30.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.55% | 7.72TCr | |
| +12.81% | 20TCr | |
| +5.90% | 17TCr | |
| +4.64% | 12TCr | |
| +14.44% | 6.83TCr | |
| -0.51% | 5.22TCr | |
| -8.66% | 4.86TCr | |
| -25.11% | 4.12TCr | |
| -19.04% | 3.76TCr | |
| +3.63% | 3.11TCr |
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