Financials Nagano Keiki Co., Ltd.

Equities

7715

JP3648350001

Industrial Machinery & Equipment

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-07-05 am EDT			5-day change	1st Jan Change
3,410 ^JPY	-2.01%		+15.59%	+66.67%

2023	Nagano Keiki Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023	CI
2021	Tranche Update on Nagano Keiki Co., Ltd.'s Equity Buyback Plan announced on February 10, 2021.	CI

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	15,475	18,676	24,083	25,098	44,148	65,142	-	-
Enterprise Value (EV) ¹	20,516	23,653	29,288	33,455	51,171	65,142	65,142	65,142
P/E ratio	9.78 x	21.8 x	9.58 x	7.36 x	8.15 x	11.7 x	9.72 x	8.46 x
Yield	2.74%	2.24%	2.29%	2.73%	1.73%	1.29%	1.29%	1.29%
Capitalization / Revenue	0.32 x	0.42 x	0.44 x	0.41 x	0.65 x	0.92 x	0.86 x	0.8 x
EV / Revenue	0.32 x	0.42 x	0.44 x	0.41 x	0.65 x	0.92 x	0.86 x	0.8 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	6.66 x	36.6 x	33.4 x	-270 x	12.8 x	19.1 x	15.3 x	7.89 x
FCF Yield	15%	2.73%	3%	-0.37%	7.82%	5.23%	6.55%	12.7%
Price to Book	0.66 x	0.75 x	0.85 x	0.77 x	1.11 x	-	-	-
Nbr of stocks (in thousands)	19,247	19,038	19,038	19,042	19,103	19,103	-	-
Reference price ²	804.0	981.0	1,265	1,318	2,311	3,410	3,410	3,410
Announcement Date	5/12/20	5/12/21	5/13/22	5/12/23	5/10/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	49,067	44,805	54,952	60,543	67,935	71,000	76,000	81,000
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	2,306	1,442	3,552	4,725	7,150	7,800	9,400	10,800
Operating Margin	4.7%	3.22%	6.46%	7.8%	10.52%	10.99%	12.37%	13.33%
Earnings before Tax (EBT) ¹	2,245	1,712	4,168	4,932	7,173	7,700	9,300	10,700
Net income ¹	1,587	865	2,514	3,410	5,409	5,550	6,700	7,700
Net margin	3.23%	1.93%	4.57%	5.63%	7.96%	7.82%	8.82%	9.51%
EPS ²	82.18	44.99	132.1	179.1	283.6	290.5	350.7	403.1
Free Cash Flow ¹	2,323	510	722	-93	3,452	3,405	4,270	8,260
FCF margin	4.73%	1.14%	1.31%	-0.15%	5.08%	4.8%	5.62%	10.2%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	146.38%	58.96%	28.72%	-	63.82%	61.35%	63.73%	107.27%
Dividend per Share ²	22.00	22.00	29.00	36.00	40.00	44.00	44.00	44.00
Announcement Date	5/12/20	5/12/21	5/13/22	5/12/23	5/10/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S2	2021 S1	2021 S2	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	25,336	21,642	23,163	26,511	13,888	14,553	28,441	13,672	16,078	29,750	16,729	14,064	30,793	16,285	18,082	34,367	18,048	15,520	33,568	16,600	17,300	33,900	18,100	19,000	37,100
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,793	409	1,033	1,800	1,080	672	1,752	587	1,173	1,760	1,303	1,662	2,965	1,710	2,030	3,740	2,143	1,267	3,410	1,630	1,820	3,450	2,010	2,340	4,350
Operating Margin	7.08%	1.89%	4.46%	6.79%	7.78%	4.62%	6.16%	4.29%	7.3%	5.92%	7.79%	11.82%	9.63%	10.5%	11.23%	10.88%	11.87%	8.16%	10.16%	9.82%	10.52%	10.18%	11.1%	12.32%	11.73%
Earnings before Tax (EBT) ¹	1,783	381	1,331	1,934	1,132	1,102	2,234	837	1,219	2,056	1,401	1,475	2,876	1,961	1,785	3,746	2,052	1,375	3,427	1,600	1,800	3,400	2,000	2,300	4,300
Net income ¹	1,355	23	842	1,187	557	770	1,327	494	737	1,231	897	1,282	2,179	1,295	1,333	2,628	1,383	1,398	2,781	1,130	1,270	2,400	1,410	1,740	3,150
Net margin	5.35%	0.11%	3.64%	4.48%	4.01%	5.29%	4.67%	3.61%	4.58%	4.14%	5.36%	9.12%	7.08%	7.95%	7.37%	7.65%	7.66%	9.01%	8.28%	6.81%	7.34%	7.08%	7.79%	9.16%	8.49%
EPS	-	1.210	-	62.35	29.28	-	-	25.96	-	64.67	47.14	-	-	68.03	-	137.9	72.42	-	-	-	-	-	-	-	-
Dividend per Share	-	11.00	-	11.00	-	-	-	-	-	16.00	-	-	-	-	-	18.00	-	-	-	-	-	-	-	-	-
Announcement Date	5/12/20	11/12/20	5/12/21	11/12/21	2/14/22	5/13/22	5/13/22	8/10/22	11/11/22	11/11/22	2/14/23	5/12/23	5/12/23	8/9/23	11/9/23	11/9/23	2/9/24	5/10/24	5/10/24	-	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	5,041	4,977	5,205	8,357	7,023	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	2,323	510	722	-93	3,452	3,405	4,270	8,260
ROE (net income / shareholders' equity)	6.8%	3.6%	9.4%	11.2%	15%	-	-	-
ROA (Net income/ Total Assets)	4.86%	3.1%	8.11%	8.37%	10.9%	-	-	-
Assets ¹	32,678	27,886	31,018	40,764	49,490	-	-	-
Book Value Per Share	1,224	1,309	1,489	1,707	2,082	-	-	-
Cash Flow per Share	150.0	115.0	213.0	273.0	377.0	-	-	-
Capex ¹	1,373	1,822	2,130	2,312	2,788	2,500	2,500	2,500
Capex / Sales	2.8%	4.07%	3.88%	3.82%	4.1%	3.52%	3.29%	3.09%
Announcement Date	5/12/20	5/12/21	5/13/22	5/12/23	5/10/24	-	-	-

¹JPY in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Nagano Keiki Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3,410 JPY

Average target price

5,400 JPY

Spread / Average Target

+58.36%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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NAGANO KEIKI CO., LTD.	+66.67%	405M
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INFICON HOLDING AG	+14.43%	3.76B
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RENISHAW PLC	+2.43%	3.41B
WUHAN GUIDE INFRARED CO., LTD.	-21.78%	3.35B
ESCO TECHNOLOGIES INC.	-12.10%	2.65B

Testing & Measuring Equipment