Financials Nitta Gelatin Inc.

Equities

4977

JP3679870000

Food Processing

Delayed Japan Exchange 08:00:00 03/07/2024 am IST 5-day change 1st Jan Change
777 JPY +0.26% Intraday chart for Nitta Gelatin Inc. -1.27% +2.10%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,586 10,859 12,128 12,058 15,649 13,021 14,074 -
Enterprise Value (EV) 1 20,076 17,486 16,677 17,335 23,585 18,737 14,074 14,074
P/E ratio 12.7 x -15.6 x 16.4 x 16.6 x 10 x -7.03 x 8.8 x 8.28 x
Yield 2.34% 2.03% 1.79% 2.1% 1.85% 2.23% 2.32% 2.45%
Capitalization / Revenue 0.35 x 0.31 x 0.4 x 0.38 x 0.4 x 0.32 x 0.36 x 0.35 x
EV / Revenue 0.35 x 0.31 x 0.4 x 0.38 x 0.4 x 0.32 x 0.36 x 0.35 x
EV / EBITDA 5.1 x 3.46 x 4.49 x 4.12 x 4.08 x - 3.35 x 3.06 x
EV / FCF 8.26 x - 5.43 x -9.28 x - 3.72 x 8.9 x -18.7 x
FCF Yield 12.1% - 18.4% -10.8% - 26.9% 11.2% -5.34%
Price to Book 0.79 x 0.69 x 0.72 x 0.67 x 0.82 x 0.72 x 0.85 x 0.78 x
Nbr of stocks (in thousands) 18,374 18,374 18,075 18,105 18,133 18,160 18,160 -
Reference price 2 685.0 591.0 671.0 666.0 863.0 717.0 775.0 775.0
Announcement Date 14/05/19 24/06/20 13/05/21 13/05/22 12/05/23 15/05/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 36,464 34,543 30,550 31,783 39,186 40,420 39,200 40,500
EBITDA 1 2,466 3,138 2,704 2,930 3,831 - 4,200 4,600
EBIT 1 898 1,690 1,356 1,560 2,259 1,836 3,000 3,200
Operating Margin 2.46% 4.89% 4.44% 4.91% 5.76% 4.54% 7.65% 7.9%
Earnings before Tax (EBT) 1 1,031 -943 1,306 1,663 2,801 -50 3,000 3,200
Net income 1 989 -694 742 726 1,558 -1,850 1,600 1,700
Net margin 2.71% -2.01% 2.43% 2.28% 3.98% -4.58% 4.08% 4.2%
EPS 2 53.85 -37.79 40.99 40.16 85.98 -102.0 88.10 93.60
Free Cash Flow 1 1,524 - 2,235 -1,300 - 3,504 1,582 -752
FCF margin 4.18% - 7.32% -4.09% - 8.67% 4.04% -1.86%
FCF Conversion (EBITDA) 61.8% - 82.66% - - - 37.67% -
FCF Conversion (Net income) 154.1% - 301.21% - - - 98.88% -
Dividend per Share 2 16.00 12.00 12.00 14.00 16.00 16.00 18.00 19.00
Announcement Date 14/05/19 24/06/20 13/05/21 13/05/22 12/05/23 15/05/24 - -
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 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4 2025 S2
Net sales 1 18,627 15,916 15,205 - 7,282 14,863 8,232 8,688 16,920 9,248 9,931 19,179 10,106 9,901 20,007 9,403 10,308 19,711 10,346 9,450 10,050 19,500 9,950 9,750 19,700
EBITDA - - - - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 845 845 647 - 325 593 417 550 967 680 680 1,360 690 209 899 489 855 1,344 197 670 830 1,500 850 650 1,500
Operating Margin 4.54% 5.31% 4.26% - 4.46% 3.99% 5.07% 6.33% 5.72% 7.35% 6.85% 7.09% 6.83% 2.11% 4.49% 5.2% 8.29% 6.82% 1.9% 7.09% 8.26% 7.69% 8.54% 6.67% 7.61%
Earnings before Tax (EBT) 1 976 - 599 - 347 644 496 523 1,019 862 757 1,619 424 - - 741 - 1,716 -1,790 670 830 1,500 850 650 1,500
Net income 1 654 -1,348 351 391 161 374 248 104 352 545 366 911 -17 664 647 248 442 690 -2,300 360 440 800 450 350 800
Net margin 3.51% -8.47% 2.31% - 2.21% 2.52% 3.01% 1.2% 2.08% 5.89% 3.69% 4.75% -0.17% 6.71% 3.23% 2.64% 4.29% 3.5% -22.23% 3.81% 4.38% 4.1% 4.52% 3.59% 4.06%
EPS 35.63 - 19.41 - - 20.69 13.70 - - 30.14 - 50.33 -0.9900 - - 13.71 - 38.08 -126.8 - - - - - -
Dividend per Share 6.000 - 6.000 - - 7.000 - - - - - 7.000 - - - - - 8.000 - - - - - - -
Announcement Date 08/11/19 24/06/20 11/11/20 13/05/21 12/11/21 12/11/21 14/02/22 13/05/22 13/05/22 09/08/22 14/11/22 14/11/22 13/02/23 12/05/23 12/05/23 10/08/23 13/11/23 13/11/23 13/02/24 - - - - - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 7,490 6,627 4,549 5,277 7,936 5,716 - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 3.037 x 2.112 x 1.682 x 1.801 x 2.072 x - - -
Free Cash Flow 1 1,524 - 2,235 -1,300 - 3,504 1,582 -752
ROE (net income / shareholders' equity) 6.3% -4.4% 4.6% 4.2% 8.4% -9.9% 8.5% 8.4%
ROA (Net income/ Total Assets) 2.19% - 3.98% 4.8% 5.69% 5.84% 7.3% 7.4%
Assets 1 45,234 - 18,622 15,141 27,384 -31,678 21,918 22,973
Book Value Per Share 2 862.0 853.0 929.0 999.0 1,053 1,002 914.0 990.0
Cash Flow per Share 139.0 41.00 115.0 116.0 173.0 -10.30 - -
Capex 1 1,986 938 1,274 1,282 2,159 1,407 2,100 3,700
Capex / Sales 5.45% 2.72% 4.17% 4.03% 5.51% 3.48% 5.36% 9.14%
Announcement Date 14/05/19 24/06/20 13/05/21 13/05/22 12/05/23 15/05/24 - -
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

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
775 JPY
Average target price
950 JPY
Spread / Average Target
+22.58%
Consensus
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