NHK SPRING CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,682 JPY | +0.12% |
|
-3.08% | +40.56% |
| Jun. 27 | NHK Spring Co., Ltd Announces Voting Results | CI |
| May. 22 | NHK Spring Concludes 18 Billion Yen Share Buyback | MT |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 167,356 | 189,256 | 201,796 | 214,512 | 335,745 | 361,008 | - | - |
| Enterprise Value (EV) 1 | 146,901 | 179,656 | 162,450 | 160,639 | 283,616 | 323,694 | 329,189 | 331,966 |
| P/E ratio | 36.4 x | 20.5 x | 6.31 x | 10 x | 8.64 x | 9.55 x | 9.73 x | 8.67 x |
| Yield | 2.4% | 2.05% | 3.05% | 3.38% | 2.81% | 3.39% | 3.49% | 3.93% |
| Capitalization / Revenue | 0.25 x | 0.33 x | 0.34 x | 0.31 x | 0.44 x | 0.46 x | 0.44 x | 0.41 x |
| EV / Revenue | 0.22 x | 0.31 x | 0.28 x | 0.23 x | 0.37 x | 0.41 x | 0.4 x | 0.38 x |
| EV / EBITDA | 3.12 x | 4.73 x | 3.27 x | 2.78 x | 4.48 x | 4.46 x | 4.04 x | 3.69 x |
| EV / FCF | -45,494,369 x | 38,594,188 x | 14,437,455 x | -5,716,287 x | 9,547,440 x | - | - | - |
| FCF Yield | -0% | 0% | 0% | -0% | 0% | - | - | - |
| Price to Book | 0.62 x | 0.67 x | 0.63 x | 0.61 x | 0.82 x | 0.87 x | 0.82 x | 0.77 x |
| Nbr of stocks (in thousands) | 236,379 | 228,019 | 228,018 | 226,518 | 224,279 | 214,822 | - | - |
| Reference price 2 | 708.0 | 830.0 | 885.0 | 947.0 | 1,497 | 1,680 | 1,680 | 1,680 |
| Announcement Date | 5/25/20 | 5/14/21 | 5/13/22 | 5/15/23 | 5/15/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 664,499 | 572,639 | 586,903 | 693,246 | 766,934 | 785,333 | 821,667 | 877,500 |
| EBITDA 1 | 47,123 | 37,961 | 49,659 | 57,717 | 63,323 | 72,500 | 81,500 | 90,000 |
| EBIT 1 | 20,715 | 10,463 | 21,359 | 28,838 | 34,652 | 40,000 | 45,933 | 54,150 |
| Operating Margin | 3.12% | 1.83% | 3.64% | 4.16% | 4.52% | 5.09% | 5.59% | 6.17% |
| Earnings before Tax (EBT) 1 | 12,213 | 14,759 | 50,105 | 30,311 | 56,825 | 56,000 | 54,500 | 61,500 |
| Net income 1 | 4,612 | 9,396 | 31,998 | 21,537 | 39,188 | 39,667 | 38,600 | 43,650 |
| Net margin | 0.69% | 1.64% | 5.45% | 3.11% | 5.11% | 5.05% | 4.7% | 4.97% |
| EPS 2 | 19.46 | 40.45 | 140.3 | 94.50 | 173.3 | 176.0 | 172.7 | 193.8 |
| Free Cash Flow | -3,229 | 4,655 | 11,252 | -28,102 | 29,706 | - | - | - |
| FCF margin | -0.49% | 0.81% | 1.92% | -4.05% | 3.87% | - | - | - |
| FCF Conversion (EBITDA) | - | 12.26% | 22.66% | - | 46.91% | - | - | - |
| FCF Conversion (Net income) | - | 49.54% | 35.16% | - | 75.8% | - | - | - |
| Dividend per Share 2 | 17.00 | 17.00 | 27.00 | 32.00 | 42.00 | 57.00 | 58.67 | 66.00 |
| Announcement Date | 5/25/20 | 5/14/21 | 5/13/22 | 5/15/23 | 5/15/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 340,787 | 236,254 | 336,385 | 278,927 | 148,844 | - | 155,036 | 332,612 | 178,720 | - | 179,293 | 362,195 | 200,093 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 14,657 | -8,816 | 19,279 | 10,292 | 6,032 | 5,035 | 5,962 | 17,282 | 7,472 | 4,084 | 4,940 | 7,951 | 9,744 |
| Operating Margin | 4.3% | -3.73% | 5.73% | 3.69% | 4.05% | - | 3.85% | 5.2% | 4.18% | - | 2.76% | 2.2% | 4.87% |
| Earnings before Tax (EBT) 1 | - | -9,720 | - | 13,254 | 8,627 | - | 12,381 | 27,987 | 5,301 | - | 10,285 | 20,110 | 9,696 |
| Net income 1 | 4,761 | -7,979 | - | 8,414 | 5,783 | - | 8,591 | 19,871 | 3,810 | - | 7,151 | 14,351 | 6,630 |
| Net margin | 1.4% | -3.38% | - | 3.02% | 3.89% | - | 5.54% | 5.97% | 2.13% | - | 3.99% | 3.96% | 3.31% |
| EPS 2 | - | -34.08 | - | 36.90 | 25.36 | - | 37.68 | 87.15 | 16.71 | - | 31.57 | 63.36 | 29.26 |
| Dividend per Share | - | 5.000 | - | 12.00 | - | - | - | 15.00 | - | - | - | 17.00 | - |
| Announcement Date | 5/25/20 | 11/5/20 | 5/14/21 | 11/10/21 | 2/7/22 | 5/13/22 | 8/4/22 | 11/10/22 | 2/9/23 | 5/15/23 | 8/10/23 | 11/13/23 | 2/13/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 20,455 | 9,600 | 39,346 | 53,873 | 52,129 | 37,314 | 31,819 | 29,043 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | -3,229 | 4,655 | 11,252 | -28,102 | 29,706 | - | - | - |
| ROE (net income / shareholders' equity) | 1.7% | 3.4% | 10.5% | 6.4% | 10.4% | 9.53% | 9.24% | 10% |
| ROA (Net income/ Total Assets) | 3.85% | 2.66% | 5.34% | 6.25% | 7.38% | - | - | - |
| Assets 1 | 119,910 | 353,452 | 599,225 | 344,588 | 531,230 | - | - | - |
| Book Value Per Share 2 | 1,151 | 1,245 | 1,415 | 1,542 | 1,829 | 1,940 | 2,050 | 2,179 |
| Cash Flow per Share | 131.0 | 159.0 | 264.0 | 221.0 | 300.0 | - | - | - |
| Capex | 39,850 | 24,981 | 23,253 | 28,078 | 37,000 | - | - | - |
| Capex / Sales | 6% | 4.36% | 3.96% | 4.05% | 4.82% | - | - | - |
| Announcement Date | 5/25/20 | 5/14/21 | 5/13/22 | 5/15/23 | 5/15/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
1,680
JPY
Average target price
1,675
JPY
Spread / Average Target
-0.33%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +40.39% | 2.31B | |
| -3.77% | 3.75B | |
| -10.57% | 3.72B | |
| -5.03% | 2.45B | |
| +147.03% | 2.38B | |
| -35.32% | 1.85B | |
| -28.40% | 1.18B | |
| -24.31% | 1.09B | |
| +19.59% | 995M | |
| +19.79% | 904M |
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- 5991 Stock
- Financials NHK Spring Co., Ltd.
