NAMURA SHIPBUILDING CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,631 JPY | +5.92% |
|
+14.54% | +107.82% |
| 2023 | Seacon Shipping Group Arm to Buy 2 Vessels for Nearly $67 Million | MT |
| 2023 | Namura Shipbuilding Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 24,933 | 14,090 | 15,335 | 22,657 | 24,097 | 138,118 |
| Enterprise Value (EV) 1 | -21,540 | -13,598 | 19,644 | 12,714 | 6,694 | 96,306 |
| P/E ratio | 40.4 x | -0.78 x | -0.82 x | -2.69 x | 2.17 x | 6.98 x |
| Yield | 2.77% | 3.92% | - | - | 1.44% | - |
| Capitalization / Revenue | 0.2 x | 0.13 x | 0.16 x | 0.27 x | 0.19 x | 1.02 x |
| EV / Revenue | -0.17 x | -0.12 x | 0.2 x | 0.15 x | 0.05 x | 0.71 x |
| EV / EBITDA | 337 x | 1.12 x | -3.12 x | -2.28 x | 0.51 x | 4.8 x |
| EV / FCF | 1.46 x | 1.02 x | -0.7 x | 0.88 x | 6.04 x | 5.23 x |
| FCF Yield | 68.5% | 98.3% | -143% | 114% | 16.6% | 19.1% |
| Price to Book | 0.33 x | 0.25 x | 0.38 x | 0.61 x | 0.48 x | 1.73 x |
| Nbr of stocks (in thousands) | 69,066 | 69,069 | 69,078 | 69,077 | 69,244 | 69,336 |
| Reference price 2 | 361.0 | 204.0 | 222.0 | 328.0 | 348.0 | 1,992 |
| Announcement Date | 6/24/19 | 6/25/20 | 6/24/21 | 6/24/22 | 6/26/23 | 6/26/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net sales 1 | 124,589 | 111,887 | 98,403 | 83,423 | 124,080 | 135,006 |
| EBITDA 1 | -64 | -12,093 | -6,301 | -5,583 | 13,167 | 20,081 |
| EBIT 1 | -4,114 | -16,022 | -10,471 | -9,532 | 9,595 | 16,493 |
| Operating Margin | -3.3% | -14.32% | -10.64% | -11.43% | 7.73% | 12.22% |
| Earnings before Tax (EBT) 1 | 1,006 | -17,958 | -18,921 | -8,156 | 11,332 | 20,056 |
| Net income 1 | 621 | -18,030 | -18,778 | -8,419 | 11,194 | 19,954 |
| Net margin | 0.5% | -16.11% | -19.08% | -10.09% | 9.02% | 14.78% |
| EPS 2 | 8.930 | -261.0 | -271.8 | -121.9 | 160.4 | 285.5 |
| Free Cash Flow 1 | -14,747 | -13,372 | -28,083 | 14,481 | 1,109 | 18,417 |
| FCF margin | -11.84% | -11.95% | -28.54% | 17.36% | 0.89% | 13.64% |
| FCF Conversion (EBITDA) | - | - | - | - | 8.42% | 91.71% |
| FCF Conversion (Net income) | - | - | - | - | 9.91% | 92.3% |
| Dividend per Share 2 | 10.00 | 8.000 | - | - | 5.000 | - |
| Announcement Date | 6/24/19 | 6/25/20 | 6/24/21 | 6/24/22 | 6/26/23 | 6/26/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 50,919 | 37,179 | 19,668 | 36,133 | 66,403 | 26,542 | 29,813 | 60,619 | 36,336 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -3,852 | -6,419 | 1,038 | 7,809 | 9,323 | 468 | 2,874 | 6,569 | 5,118 |
| Operating Margin | -7.56% | -17.27% | 5.28% | 21.61% | 14.04% | 1.76% | 9.64% | 10.84% | 14.09% |
| Earnings before Tax (EBT) 1 | -4,597 | -5,825 | 1,635 | 9,601 | 11,622 | 146 | 5,324 | 9,088 | 4,643 |
| Net income 1 | -4,495 | -5,930 | 1,592 | 9,560 | 11,438 | 235 | 4,415 | 7,591 | 3,921 |
| Net margin | -8.83% | -15.95% | 8.09% | 26.46% | 17.23% | 0.89% | 14.81% | 12.52% | 10.79% |
| EPS 2 | -65.07 | -85.85 | 23.05 | 138.4 | 165.5 | 3.320 | 63.73 | 109.5 | 56.55 |
| Dividend per Share | - | - | - | - | - | - | - | 5.000 | - |
| Announcement Date | 11/6/20 | 11/12/21 | 2/14/22 | 8/5/22 | 11/11/22 | 2/13/23 | 8/8/23 | 11/9/23 | 2/14/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 4,309 | - | - | - |
| Net Cash position 1 | 46,473 | 27,688 | - | 9,943 | 17,403 | 41,812 |
| Leverage (Debt/EBITDA) | - | - | -0.6839 x | - | - | - |
| Free Cash Flow 1 | -14,747 | -13,372 | -28,083 | 14,481 | 1,109 | 18,417 |
| ROE (net income / shareholders' equity) | 0.8% | -27.6% | -39.4% | -21.7% | 25.7% | 31% |
| ROA (Net income/ Total Assets) | -1.39% | -6.4% | -5.24% | -5.06% | 4.82% | 6.88% |
| Assets 1 | -44,715 | 281,728 | 358,215 | 166,249 | 232,048 | 290,067 |
| Book Value Per Share 2 | 1,082 | 809.0 | 584.0 | 539.0 | 722.0 | 1,149 |
| Cash Flow per Share 2 | 958.0 | 641.0 | 196.0 | 366.0 | 425.0 | 799.0 |
| Capex 1 | 3,482 | 6,733 | 3,779 | 1,443 | 1,896 | 1,800 |
| Capex / Sales | 2.79% | 6.02% | 3.84% | 1.73% | 1.53% | 1.33% |
| Announcement Date | 6/24/19 | 6/25/20 | 6/24/21 | 6/24/22 | 6/26/23 | 6/26/24 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +107.82% | 1.07B | |
| +39.61% | 25.28B | |
| +18.64% | 15.37B | |
| +30.02% | 8.02B | |
| +243.28% | 7.13B | |
| +65.77% | 7.1B | |
| +23.90% | 6.88B | |
| +24.13% | 5.93B | |
| +66.03% | 4.43B | |
| -40.25% | 3.51B |
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