NIDEC CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7,024 JPY | -0.73% |
|
-4.97% | +23.49% |
| Jul. 01 | Tranche Update on Nidec Corporation's Equity Buyback Plan announced on May 24, 2024. | CI |
| Jun. 18 | Nidec sees AI-related business expanding to more than $6 billion | RE |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,294,421 | 7,869,322 | 5,656,393 | 3,934,234 | 3,522,295 | 4,065,857 | - | - |
| Enterprise Value (EV) 1 | 3,686,840 | 8,181,271 | 6,052,448 | 4,453,485 | 3,906,189 | 4,347,749 | 4,231,508 | 4,139,997 |
| P/E ratio | 54.9 x | 64.5 x | 41.6 x | 87.5 x | 28.1 x | 21.7 x | 18.3 x | 16.8 x |
| Yield | 1.03% | 0.45% | 0.67% | 1.02% | 1.22% | 1.13% | 1.35% | 1.51% |
| Capitalization / Revenue | 2.15 x | 4.86 x | 2.95 x | 1.75 x | 1.5 x | 1.6 x | 1.48 x | 1.42 x |
| EV / Revenue | 2.4 x | 5.06 x | 3.16 x | 1.99 x | 1.66 x | 1.71 x | 1.55 x | 1.44 x |
| EV / EBITDA | 18.7 x | 32.1 x | 21.9 x | 20.3 x | 13.3 x | 11.5 x | 9.95 x | 9.05 x |
| EV / FCF | -25.7 x | 69 x | -344 x | -208 x | 23.3 x | 27.5 x | 22.4 x | 20.5 x |
| FCF Yield | -3.89% | 1.45% | -0.29% | -0.48% | 4.3% | 3.64% | 4.46% | 4.87% |
| Price to Book | 3.46 x | 7.18 x | 4.37 x | 2.9 x | 2.16 x | 2.38 x | 2.18 x | 1.99 x |
| Nbr of stocks (in thousands) | 587,555 | 585,733 | 580,262 | 574,760 | 574,600 | 574,598 | - | - |
| Reference price 2 | 5,607 | 13,435 | 9,748 | 6,845 | 6,130 | 7,076 | 7,076 | 7,076 |
| Announcement Date | 4/30/20 | 4/22/21 | 4/21/22 | 4/24/23 | 4/23/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,534,800 | 1,618,064 | 1,918,174 | 2,242,824 | 2,348,202 | 2,537,816 | 2,738,118 | 2,869,244 |
| EBITDA 1 | 197,182 | 255,011 | 276,411 | 219,550 | 294,696 | 379,642 | 425,260 | 457,585 |
| EBIT 1 | 110,326 | 160,011 | 171,487 | 100,081 | 163,106 | 246,548 | 288,922 | 314,539 |
| Operating Margin | 7.19% | 9.89% | 8.94% | 4.46% | 6.95% | 9.71% | 10.55% | 10.96% |
| Earnings before Tax (EBT) 1 | 106,927 | 152,978 | 171,145 | 120,593 | 202,919 | 248,629 | 292,885 | 312,981 |
| Net income 1 | 60,084 | 121,977 | 136,870 | 45,003 | 125,387 | 187,757 | 222,054 | 240,621 |
| Net margin | 3.91% | 7.54% | 7.14% | 2.01% | 5.34% | 7.4% | 8.11% | 8.39% |
| EPS 2 | 102.1 | 208.2 | 234.3 | 78.19 | 218.2 | 325.8 | 386.2 | 421.1 |
| Free Cash Flow 1 | -143,464 | 118,600 | -17,603 | -21,458 | 167,934 | 158,137 | 188,891 | 201,686 |
| FCF margin | -9.35% | 7.33% | -0.92% | -0.96% | 7.15% | 6.23% | 6.9% | 7.03% |
| FCF Conversion (EBITDA) | - | 46.51% | - | - | 56.99% | 41.65% | 44.42% | 44.08% |
| FCF Conversion (Net income) | - | 97.23% | - | - | 133.93% | 84.22% | 85.07% | 83.82% |
| Dividend per Share 2 | 57.50 | 60.00 | 65.00 | 70.00 | 75.00 | 79.67 | 95.85 | 106.7 |
| Announcement Date | 4/30/20 | 4/22/21 | 4/21/22 | 4/24/23 | 4/23/24 | - | - | - |
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 | 2026 Q1 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 783,523 | 751,794 | 866,270 | 910,668 | 496,542 | 510,964 | 1,007,506 | 540,369 | 590,398 | 1,130,767 | 568,980 | 543,077 | 1,112,057 | 566,055 | 594,607 | 1,160,662 | 594,026 | 593,514 | 1,187,540 | 609,120 | 638,622 | 1,244,391 | 662,710 | 666,544 | 1,309,229 | 700,184 | 1,372,081 | 1,401,188 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29,730 | - | - | - | 171,500 | - | - | 193,500 | - | 211,500 | 218,500 |
| EBIT 1 | 48,119 | 69,180 | 90,831 | 90,196 | 44,308 | 36,856 | 81,164 | 44,660 | 51,708 | 96,368 | 28,036 | -24,323 | 124,404 | 60,152 | 55,630 | 115,782 | 53,562 | -6,172 | 47,324 | 52,728 | 62,383 | 111,300 | 68,171 | 68,364 | 134,532 | 77,278 | 151,179 | 158,883 |
| Operating Margin | 6.14% | 9.2% | 10.49% | 9.9% | 8.92% | 7.21% | 8.06% | 8.26% | 8.76% | 8.52% | 4.93% | -4.48% | 11.19% | 10.63% | 9.36% | 9.98% | 9.02% | -1.04% | 3.99% | 8.66% | 9.77% | 8.94% | 10.29% | 10.26% | 10.28% | 11.04% | 11.02% | 11.34% |
| Earnings before Tax (EBT) 1 | - | 66,005 | 86,973 | 88,155 | 42,272 | 40,591 | 82,863 | 56,989 | 61,386 | 118,375 | 23,569 | -21,351 | 2,218 | 86,081 | 59,278 | 145,359 | 48,408 | 9,218 | 57,560 | 53,514 | 62,351 | 114,300 | 67,720 | 68,641 | 137,532 | 75,489 | 154,179 | 161,883 |
| Net income 1 | - | 48,783 | 73,194 | 67,610 | 32,676 | 36,427 | 69,103 | 41,321 | 45,328 | 86,649 | 17,428 | -59,074 | -41,646 | 64,041 | 42,040 | 106,081 | 39,844 | -20,492 | 19,306 | 41,898 | 49,781 | 88,640 | 54,076 | 54,813 | 106,726 | 56,762 | 120,243 | 125,656 |
| Net margin | - | 6.49% | 8.45% | 7.42% | 6.58% | 7.13% | 6.86% | 7.65% | 7.68% | 7.66% | 3.06% | -10.88% | -3.74% | 11.31% | 7.07% | 9.14% | 6.71% | -3.45% | 1.63% | 6.88% | 7.8% | 7.12% | 8.16% | 8.22% | 8.15% | 8.11% | 8.76% | 8.97% |
| EPS 2 | - | 83.28 | 125.0 | 115.5 | 55.90 | 65.44 | 118.8 | 71.50 | 78.83 | 150.3 | 30.32 | -102.8 | -72.12 | 111.4 | 73.17 | 184.6 | 69.34 | -35.66 | 33.60 | 72.59 | 85.89 | 170.0 | 93.75 | 92.29 | 203.3 | 112.1 | 225.3 | 236.3 |
| Dividend per Share 2 | - | 30.00 | - | 30.00 | - | 35.00 | - | - | 35.00 | 35.00 | - | 35.00 | 35.00 | - | 35.00 | 35.00 | - | 40.00 | - | - | 40.00 | - | - | 40.00 | - | - | - | - |
| Announcement Date | 4/30/20 | 10/26/20 | 4/22/21 | 10/26/21 | 1/26/22 | 4/21/22 | 4/21/22 | 7/20/22 | 10/24/22 | 10/24/22 | 1/24/23 | 4/24/23 | 4/24/23 | 7/20/23 | 10/23/23 | 10/23/23 | 1/24/24 | 4/23/24 | 4/23/24 | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 392,419 | 311,949 | 396,055 | 519,251 | 383,894 | 281,892 | 165,651 | 74,140 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.99 x | 1.223 x | 1.433 x | 2.365 x | 1.303 x | 0.7425 x | 0.3895 x | 0.162 x |
| Free Cash Flow 1 | -143,464 | 118,600 | -17,603 | -21,458 | 167,934 | 158,137 | 188,891 | 201,687 |
| ROE (net income / shareholders' equity) | 6.2% | 11.9% | 11.5% | 3.4% | 8.4% | 11.1% | 11.9% | 11.7% |
| ROA (Net income/ Total Assets) | 3.01% | 7% | 6.92% | 1.62% | 6.71% | 6.23% | 6.79% | 6.66% |
| Assets 1 | 1,999,002 | 1,742,255 | 1,977,464 | 2,775,564 | 1,867,381 | 3,015,634 | 3,269,838 | 3,610,841 |
| Book Value Per Share 2 | 1,621 | 1,871 | 2,229 | 2,357 | 2,841 | 2,969 | 3,252 | 3,558 |
| Cash Flow per Share 2 | 250.0 | 374.0 | 414.0 | 286.0 | 447.0 | 521.0 | 565.0 | 528.0 |
| Capex 1 | 132,926 | 88,900 | 98,580 | 137,814 | 112,049 | 132,500 | 125,975 | 138,786 |
| Capex / Sales | 8.66% | 5.49% | 5.14% | 6.14% | 4.77% | 5.22% | 4.6% | 4.84% |
| Announcement Date | 4/30/20 | 4/22/21 | 4/21/22 | 4/24/23 | 4/23/24 | - | - | - |
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
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
7,076
JPY
Average target price
8,239
JPY
Spread / Average Target
+16.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +24.02% | 25.31B | |
| +2.90% | 149B | |
| +23.56% | 135B | |
| +30.09% | 125B | |
| +0.73% | 38.32B | |
| +83.22% | 32.44B | |
| +13.87% | 31.55B | |
| +22.17% | 31.12B | |
| -14.68% | 30.27B | |
| -6.82% | 28.33B |
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