NITTO BOSEKI CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,620 JPY | +0.72% |
|
-1.92% | +22.31% |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 76,830 | 1,85,271 | 1,56,164 | 1,09,448 | 73,366 | 2,03,161 | - | - |
| Enterprise Value (EV) 1 | 86,273 | 2,00,227 | 1,70,004 | 1,37,122 | 97,832 | 2,25,161 | 2,23,366 | 2,16,404 |
| P/E ratio | 9.62 x | 32.1 x | 19.3 x | 16.8 x | 27.3 x | 31.3 x | 23.7 x | 20 x |
| Yield | 2.02% | 0.94% | 1.12% | 1.6% | 2.73% | 0.81% | 0.91% | 1.01% |
| Capitalization / Revenue | 0.93 x | 2.16 x | 1.98 x | 1.3 x | 0.84 x | 2.2 x | 1.96 x | 1.8 x |
| EV / Revenue | 1.05 x | 2.34 x | 2.16 x | 1.63 x | 1.12 x | 2.44 x | 2.15 x | 1.92 x |
| EV / EBITDA | 7.03 x | 14.8 x | 13.8 x | 9.56 x | 7.47 x | 14.7 x | 10.7 x | 8.93 x |
| EV / FCF | -13 x | -31.8 x | 28.6 x | -13.3 x | 10.2 x | -79.1 x | 77.8 x | 35.9 x |
| FCF Yield | -7.69% | -3.15% | 3.5% | -7.54% | 9.84% | -1.26% | 1.29% | 2.78% |
| Price to Book | 0.86 x | 1.98 x | 1.58 x | 1.03 x | 0.71 x | 1.86 x | 1.76 x | 1.64 x |
| Nbr of stocks (in thousands) | 38,803 | 38,800 | 38,798 | 38,797 | 36,410 | 36,409 | - | - |
| Reference price 2 | 1,980 | 4,775 | 4,025 | 2,821 | 2,015 | 5,580 | 5,580 | 5,580 |
| Announcement Date | 14/05/19 | 21/05/20 | 12/05/21 | 12/05/22 | 12/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 82,292 | 85,722 | 78,727 | 84,051 | 87,529 | 92,423 | 1,03,742 | 1,12,570 |
| EBITDA 1 | 12,278 | 13,548 | 12,296 | 14,350 | 13,088 | 15,362 | 20,866 | 24,235 |
| EBIT 1 | 8,198 | 8,160 | 5,964 | 7,268 | 4,880 | 7,809 | 12,393 | 15,518 |
| Operating Margin | 9.96% | 9.52% | 7.58% | 8.65% | 5.58% | 8.45% | 11.95% | 13.79% |
| Earnings before Tax (EBT) 1 | 9,830 | 7,592 | 11,213 | 8,679 | 4,661 | 8,706 | 13,108 | 15,912 |
| Net income 1 | 7,984 | 5,771 | 8,100 | 6,519 | 2,772 | 6,528 | 8,660 | 10,811 |
| Net margin | 9.7% | 6.73% | 10.29% | 7.76% | 3.17% | 7.06% | 8.35% | 9.6% |
| EPS 2 | 205.8 | 148.7 | 208.8 | 168.0 | 73.94 | 178.0 | 235.8 | 279.6 |
| Free Cash Flow 1 | -6,632 | -6,303 | 5,948 | -10,340 | 9,622 | -2,846 | 2,872 | 6,026 |
| FCF margin | -8.06% | -7.35% | 7.56% | -12.3% | 10.99% | -3.08% | 2.77% | 5.35% |
| FCF Conversion (EBITDA) | - | - | 48.37% | - | 73.52% | - | 13.77% | 24.87% |
| FCF Conversion (Net income) | - | - | 73.43% | - | 347.11% | - | 33.17% | 55.74% |
| Dividend per Share 2 | 40.00 | 45.00 | 45.00 | 45.00 | 55.00 | 45.00 | 50.71 | 56.43 |
| Announcement Date | 14/05/19 | 21/05/20 | 12/05/21 | 12/05/22 | 12/05/23 | - | - | - |
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 | 42,762 | 42,960 | 38,280 | 40,447 | 20,568 | 41,086 | 21,034 | 21,931 | 42,965 | 23,827 | 23,210 | 47,037 | 21,725 | 18,767 | 40,492 | 20,297 | 22,437 | 42,734 | 25,307 | 24,636 | 50,283 | 25,896 | 27,235 | - | 28,812 | 29,546 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,394 | 4,766 | 2,904 | 3,060 | 2,239 | 3,932 | 1,723 | 1,613 | 3,336 | 2,613 | 1,984 | 4,597 | 1,248 | -965 | 283 | 885 | 2,233 | 3,118 | 2,586 | 2,250 | 4,891 | 2,972 | 3,597 | - | 4,028 | 4,320 | - |
| Operating Margin | 7.94% | 11.09% | 7.59% | 7.57% | 10.89% | 9.57% | 8.19% | 7.35% | 7.76% | 10.97% | 8.55% | 9.77% | 5.74% | -5.14% | 0.7% | 4.36% | 9.95% | 7.3% | 10.22% | 9.13% | 9.73% | 11.48% | 13.21% | - | 13.98% | 14.62% | - |
| Earnings before Tax (EBT) | 2,923 | 4,669 | 12,229 | -1,016 | 2,119 | 3,502 | 3,526 | 1,651 | 5,177 | 6,617 | 3,245 | 9,862 | 532 | -5,733 | -5,201 | 1,845 | 2,228 | 4,073 | 2,443 | - | - | 3,653 | 4,223 | - | 4,679 | 5,254 | - |
| Net income | 2,065 | 3,706 | 8,788 | -688 | 1,527 | 2,342 | 2,652 | 1,525 | 4,177 | 4,787 | 2,687 | 7,474 | 337 | -5,039 | -4,702 | 1,059 | 2,457 | 3,516 | 1,850 | - | - | 2,740 | 3,167 | - | 3,510 | 3,940 | - |
| Net margin | 4.83% | 8.63% | 22.96% | -1.7% | 7.42% | 5.7% | 12.61% | 6.95% | 9.72% | 20.09% | 11.58% | 15.89% | 1.55% | -26.85% | -11.61% | 5.22% | 10.95% | 8.23% | 7.31% | - | - | 10.58% | 11.63% | - | 12.18% | 13.33% | - |
| EPS | 53.24 | 95.49 | 226.5 | -17.75 | 39.34 | 60.37 | 68.35 | 39.32 | 107.7 | 124.1 | 71.26 | 195.3 | 11.16 | -132.5 | -121.4 | 29.10 | 67.49 | 96.59 | 50.79 | - | - | 73.06 | 84.46 | - | 93.59 | 105.1 | - |
| Dividend per Share | 20.00 | 25.00 | 22.50 | 22.50 | - | 22.50 | - | - | 22.50 | - | - | 22.50 | - | - | 32.50 | - | - | 22.50 | - | - | 22.50 | - | - | 32.50 | - | - | 32.50 |
| Announcement Date | 06/11/19 | 21/05/20 | 06/11/20 | 12/05/21 | 05/11/21 | 05/11/21 | 04/02/22 | 12/05/22 | 12/05/22 | 03/08/22 | 08/11/22 | 08/11/22 | 07/02/23 | 12/05/23 | 12/05/23 | 03/08/23 | 02/11/23 | 02/11/23 | 06/02/24 | - | - | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 9,443 | 14,956 | 13,840 | 27,674 | 24,466 | 22,000 | 20,205 | 13,243 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7691 x | 1.104 x | 1.126 x | 1.929 x | 1.869 x | 1.432 x | 0.9683 x | 0.5464 x |
| Free Cash Flow 1 | -6,632 | -6,303 | 5,948 | -10,340 | 9,622 | -2,846 | 2,873 | 6,027 |
| ROE (net income / shareholders' equity) | 9.1% | 6.3% | 8.4% | 6.4% | 2.6% | 6.09% | 7.99% | 8.91% |
| ROA (Net income/ Total Assets) | 5.99% | 5.07% | 3.51% | 4.34% | 3.25% | 3.93% | 5.39% | 6.18% |
| Assets 1 | 1,33,293 | 1,13,923 | 2,30,758 | 1,50,321 | 85,183 | 1,66,139 | 1,60,529 | 1,74,886 |
| Book Value Per Share 2 | 2,312 | 2,414 | 2,555 | 2,728 | 2,851 | 2,997 | 3,175 | 3,402 |
| Cash Flow per Share 2 | 311.0 | 288.0 | 372.0 | 351.0 | 293.0 | 368.0 | 461.0 | 530.0 |
| Capex 1 | 11,949 | 16,717 | 14,709 | 15,820 | 5,919 | 8,240 | 8,760 | 7,700 |
| Capex / Sales | 14.52% | 19.5% | 18.68% | 18.82% | 6.76% | 8.92% | 8.44% | 6.84% |
| Announcement Date | 14/05/19 | 21/05/20 | 12/05/21 | 12/05/22 | 12/05/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
5,580
JPY
Average target price
6,886
JPY
Spread / Average Target
+23.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.31% | 1.32B | |
| +17.73% | 42.06B | |
| +3.51% | 30.84B | |
| +20.33% | 24.5B | |
| +29.78% | 19.25B | |
| +4.85% | 15.47B | |
| +12.78% | 10.15B | |
| -3.13% | 9.23B | |
| +11.46% | 7.94B | |
| -7.45% | 7.78B |
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