NTT DATA CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,432 JPY | -0.16% |
|
+8.26% | +21.69% |
| 09/04 | Sener Aeroespacial S.A. entered into an agreement to acquire Sistemas De Control Remoto from NTT DATA Group Corporation. | CI |
| 08/04 | NTT Data Japan Launches Tender Offer on Jastec Shares | MT |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,12,451 | 14,58,599 | 24,02,481 | 33,90,964 | 24,28,251 | 34,10,369 | - | - |
| Enterprise Value (EV) 1 | 20,32,725 | 19,99,264 | 28,37,108 | 38,07,067 | 40,13,673 | 52,64,912 | 53,47,244 | 53,77,672 |
| P/E ratio | 18.3 x | 19.4 x | 31.3 x | 23.7 x | 16.2 x | 24.4 x | 20.5 x | 17.5 x |
| Yield | 1.39% | 1.73% | 1.05% | 0.87% | 1.27% | 0.94% | 1.05% | 1.2% |
| Capitalization / Revenue | 0.79 x | 0.64 x | 1.04 x | 1.33 x | 0.7 x | 0.79 x | 0.76 x | 0.73 x |
| EV / Revenue | 0.94 x | 0.88 x | 1.22 x | 1.49 x | 1.15 x | 1.22 x | 1.19 x | 1.15 x |
| EV / EBITDA | 6.65 x | 6.06 x | 8.03 x | 8.8 x | 7.54 x | 8.7 x | 7.93 x | 7.4 x |
| EV / FCF | 32.4 x | 87.7 x | 15.5 x | 33.4 x | 142 x | -99.3 x | - | 91.1 x |
| FCF Yield | 3.09% | 1.14% | 6.45% | 2.99% | 0.7% | -1.01% | - | 1.1% |
| Price to Book | 1.85 x | 1.55 x | 2.24 x | 2.67 x | 1.67 x | 2.14 x | 1.97 x | 1.81 x |
| Nbr of stocks (in thousands) | 14,02,499 | 14,02,499 | 14,02,499 | 14,02,384 | 14,01,992 | 14,02,001 | - | - |
| Reference price 2 | 1,221 | 1,040 | 1,713 | 2,418 | 1,732 | 2,432 | 2,432 | 2,432 |
| Announcement Date | 09/05/19 | 14/05/20 | 11/05/21 | 12/05/22 | 11/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 21,63,625 | 22,66,808 | 23,18,658 | 25,51,906 | 34,90,182 | 43,20,813 | 44,91,738 | 46,83,772 |
| EBITDA 1 | 3,05,754 | 3,30,119 | 3,53,497 | 4,32,529 | 5,32,162 | 6,04,999 | 6,74,075 | 7,26,784 |
| EBIT 1 | 1,47,716 | 1,30,937 | 1,39,173 | 2,12,590 | 2,59,110 | 2,93,630 | 3,39,603 | 3,84,949 |
| Operating Margin | 6.83% | 5.78% | 6% | 8.33% | 7.42% | 6.8% | 7.56% | 8.22% |
| Earnings before Tax (EBT) 1 | 1,46,914 | 1,20,155 | 1,30,452 | 2,15,849 | 2,42,800 | 2,37,650 | 2,86,356 | 3,32,848 |
| Net income 1 | 93,616 | 75,148 | 76,843 | 1,42,979 | 1,49,962 | 1,39,961 | 1,66,186 | 1,94,491 |
| Net margin | 4.33% | 3.32% | 3.31% | 5.6% | 4.3% | 3.24% | 3.7% | 4.15% |
| EPS 2 | 66.75 | 53.58 | 54.79 | 102.0 | 107.0 | 99.83 | 118.5 | 138.7 |
| Free Cash Flow 1 | 62,795 | 22,789 | 1,82,990 | 1,13,917 | 28,287 | -53,000 | - | 59,000 |
| FCF margin | 2.9% | 1.01% | 7.89% | 4.46% | 0.81% | -1.23% | - | 1.26% |
| FCF Conversion (EBITDA) | 20.54% | 6.9% | 51.77% | 26.34% | 5.32% | - | - | 8.12% |
| FCF Conversion (Net income) | 67.08% | 30.33% | 238.13% | 79.67% | 18.86% | - | - | 30.34% |
| Dividend per Share 2 | 17.00 | 18.00 | 18.00 | 21.00 | 22.00 | 22.91 | 25.55 | 29.20 |
| Announcement Date | 09/05/19 | 14/05/20 | 11/05/21 | 12/05/22 | 11/05/23 | - | - | - |
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 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,77,819 | 11,88,989 | 10,80,117 | 12,38,541 | 6,21,257 | 12,12,079 | 6,36,129 | 7,03,698 | 13,39,827 | 6,77,400 | 6,94,055 | 13,71,423 | 10,34,685 | 10,84,074 | 21,18,759 | 10,15,000 | 10,63,513 | 20,78,513 | 10,97,649 | 11,20,763 | 10,48,780 | 11,13,000 | 11,37,500 | 11,72,000 |
| EBITDA 1 | - | - | - | - | 1,16,824 | - | 1,12,139 | - | - | - | - | - | - | - | - | - | - | - | - | 1,69,085 | - | - | - | - |
| EBIT 1 | 63,757 | 67,180 | 63,821 | 75,352 | 61,867 | 1,09,138 | 57,952 | 45,500 | 1,03,452 | 57,500 | 50,407 | 1,07,929 | 75,538 | 75,643 | 1,51,181 | 58,300 | 63,572 | 1,21,872 | 75,188 | 94,319 | 70,996 | 79,450 | 83,050 | 98,700 |
| Operating Margin | 5.92% | 5.65% | 5.91% | 6.08% | 9.96% | 9% | 9.11% | 6.47% | 7.72% | 8.49% | 7.26% | 7.87% | 7.3% | 6.98% | 7.14% | 5.74% | 5.98% | 5.86% | 6.85% | 8.42% | 6.77% | 7.14% | 7.3% | 8.42% |
| Earnings before Tax (EBT) 1 | 62,941 | 57,214 | 62,781 | 67,671 | 62,069 | 1,11,047 | 58,166 | 46,636 | 1,04,802 | 58,900 | 51,748 | 1,10,627 | 62,455 | 69,718 | 1,32,173 | 48,200 | 47,343 | 95,543 | 54,607 | 96,474 | - | - | - | - |
| Net income 1 | 40,181 | 34,967 | 41,206 | 35,637 | 40,807 | 71,869 | 38,322 | 32,788 | 71,110 | 39,700 | 33,043 | 72,771 | 32,934 | 44,257 | 77,191 | 27,700 | 25,322 | 53,022 | 30,714 | 55,781 | 27,713 | - | - | - |
| Net margin | 3.73% | 2.94% | 3.81% | 2.88% | 6.57% | 5.93% | 6.02% | 4.66% | 5.31% | 5.86% | 4.76% | 5.31% | 3.18% | 4.08% | 3.64% | 2.73% | 2.38% | 2.55% | 2.8% | 4.98% | 2.64% | - | - | - |
| EPS 2 | 28.65 | - | 29.38 | - | 29.09 | 51.24 | 27.33 | 23.38 | - | 28.33 | 23.56 | 51.89 | 23.50 | 31.56 | - | 19.73 | 18.09 | 37.82 | 21.91 | 38.35 | 19.77 | - | - | - |
| Dividend per Share 2 | 9.000 | - | 9.000 | - | 9.500 | 9.500 | - | 11.50 | - | - | 10.50 | 10.50 | - | 11.50 | - | - | - | 11.50 | - | 11.50 | - | - | - | - |
| Announcement Date | 01/11/19 | 14/05/20 | 02/11/20 | 11/05/21 | 09/11/21 | 09/11/21 | 04/02/22 | 12/05/22 | 12/05/22 | 05/08/22 | 07/11/22 | 07/11/22 | 09/02/23 | 11/05/23 | 11/05/23 | 08/08/23 | 06/11/23 | 06/11/23 | 07/02/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,20,274 | 5,40,665 | 4,34,627 | 4,16,103 | 15,85,422 | 18,54,543 | 19,36,876 | 19,67,303 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.047 x | 1.638 x | 1.23 x | 0.962 x | 2.979 x | 3.065 x | 2.873 x | 2.707 x |
| Free Cash Flow 1 | 62,795 | 22,789 | 1,82,990 | 1,13,917 | 28,287 | -53,000 | - | 59,000 |
| ROE (net income / shareholders' equity) | 10.7% | 8.1% | 7.6% | 12.2% | 11% | 9.29% | 10.3% | 10.9% |
| ROA (Net income/ Total Assets) | 6.24% | 4.66% | 4.67% | 7.22% | 5.25% | 3.07% | 3.57% | 4.13% |
| Assets 1 | 15,00,752 | 16,14,246 | 16,44,344 | 19,81,090 | 28,54,315 | 45,54,658 | 46,53,694 | 47,09,055 |
| Book Value Per Share 2 | 660.0 | 670.0 | 765.0 | 906.0 | 1,036 | 1,138 | 1,233 | 1,347 |
| Cash Flow per Share 2 | 179.0 | 196.0 | 208.0 | 259.0 | 302.0 | 337.0 | 389.0 | 437.0 |
| Capex 1 | 1,79,214 | 1,93,843 | 1,69,502 | 1,76,746 | 3,81,681 | 5,60,483 | 5,50,450 | 5,38,608 |
| Capex / Sales | 8.28% | 8.55% | 7.31% | 6.93% | 10.94% | 12.97% | 12.25% | 11.5% |
| Announcement Date | 09/05/19 | 14/05/20 | 11/05/21 | 12/05/22 | 11/05/23 | - | - | - |
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
2,432
JPY
Average target price
2,613
JPY
Spread / Average Target
+7.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.69% | 21.67B | |
| -12.23% | 194B | |
| +0.74% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +7.04% | 77.56B | |
| +19.09% | 73.55B | |
| -7.30% | 71B | |
| -20.54% | 52.81B | |
| +0.53% | 47.86B |
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