NINTENDO CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8,667 JPY | -0.82% |
|
-2.03% | +17.81% |
| Jun. 04 | Take-Two Interactive Software's Zynga Launches Star Wars Video Game Globally | MT |
| May. 22 | Nintendo to Acquire Shiver Entertainment | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,759,594 | 4,956,740 | 7,363,002 | 7,235,262 | 5,973,661 | 10,174,280 | - | - |
| Enterprise Value (EV) 1 | 2,676,634 | 3,739,956 | 5,620,613 | 6,028,756 | 4,709,995 | 8,057,750 | 8,247,019 | 8,083,047 |
| P/E ratio | 19.5 x | 19.2 x | 15.3 x | 15.2 x | 13.8 x | 19.4 x | 28.4 x | 24.5 x |
| Yield | 2.57% | 2.62% | 3.59% | 3.29% | 3.63% | 2.57% | 1.78% | 1.96% |
| Capitalization / Revenue | 3.13 x | 3.79 x | 4.19 x | 4.27 x | 3.73 x | 5.71 x | 6.95 x | 5.63 x |
| EV / Revenue | 2.23 x | 2.86 x | 3.2 x | 3.56 x | 2.94 x | 4.82 x | 5.64 x | 4.47 x |
| EV / EBITDA | 10.3 x | 10.3 x | 8.63 x | 9.99 x | 9.14 x | 15.4 x | 19.1 x | 15.8 x |
| EV / FCF | 17.3 x | 23.5 x | 9.46 x | 15.7 x | 26.4 x | 18.1 x | 24.9 x | 21.3 x |
| FCF Yield | 5.77% | 4.26% | 10.6% | 6.36% | 3.78% | 5.53% | 4.02% | 4.69% |
| Price to Book | 2.67 x | 3.22 x | 3.93 x | 3.5 x | 2.64 x | 3.66 x | 3.81 x | 3.55 x |
| Nbr of stocks (in thousands) | 1,191,253 | 1,191,238 | 1,191,232 | 1,173,222 | 1,164,229 | 1,164,238 | - | - |
| Reference price 2 | 3,156 | 4,161 | 6,181 | 6,167 | 5,131 | 8,739 | 8,739 | 8,739 |
| Announcement Date | 4/25/19 | 5/7/20 | 5/6/21 | 5/10/22 | 5/9/23 | 5/7/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,200,560 | 1,308,519 | 1,758,910 | 1,695,344 | 1,601,677 | 1,671,865 | 1,462,908 | 1,808,198 |
| EBITDA 1 | 259,265 | 361,927 | 651,432 | 603,287 | 515,415 | 550,766 | 432,875 | 510,925 |
| EBIT 1 | 249,701 | 352,370 | 640,634 | 592,760 | 504,375 | 528,941 | 434,430 | 521,339 |
| Operating Margin | 20.8% | 26.93% | 36.42% | 34.96% | 31.49% | 31.64% | 29.7% | 28.83% |
| Earnings before Tax (EBT) 1 | 271,772 | 361,273 | 681,305 | 674,389 | 600,757 | 680,722 | 500,723 | 586,515 |
| Net income 1 | 194,000 | 258,641 | 480,376 | 477,691 | 432,768 | 490,602 | 362,789 | 417,214 |
| Net margin | 16.16% | 19.77% | 27.31% | 28.18% | 27.02% | 29.34% | 24.8% | 23.07% |
| EPS 2 | 161.6 | 217.1 | 403.3 | 404.7 | 371.4 | 421.4 | 307.9 | 356.6 |
| Free Cash Flow 1 | 154,436 | 159,320 | 594,194 | 383,360 | 178,154 | 445,974 | 331,199 | 378,802 |
| FCF margin | 12.86% | 12.18% | 33.78% | 22.61% | 11.12% | 26.68% | 22.64% | 20.95% |
| FCF Conversion (EBITDA) | 59.57% | 44.02% | 91.21% | 63.55% | 34.57% | 79.82% | 76.51% | 74.14% |
| FCF Conversion (Net income) | 79.61% | 61.6% | 123.69% | 80.25% | 41.17% | 90.9% | 91.29% | 90.79% |
| Dividend per Share 2 | 81.00 | 109.0 | 222.0 | 203.0 | 186.0 | 211.0 | 155.5 | 171.5 |
| Announcement Date | 4/25/19 | 5/7/20 | 5/6/21 | 5/10/22 | 5/9/23 | 5/7/24 | - | - |
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 | 443,967 | 864,552 | 769,524 | 989,386 | 301,625 | 624,272 | 695,947 | 375,125 | 1,071,072 | 307,460 | 349,514 | 656,974 | 638,204 | 306,499 | 944,703 | 461,341 | 334,896 | 796,237 | 598,559 | 277,069 | 289,516 | 273,466 | 476,011 | 387,553 |
| EBITDA | - | - | - | - | 101,712 | - | 254,124 | 126,295 | - | 103,121 | 221,982 | - | - | - | - | 192,456 | 98,322 | - | - | - | - | - | - | - |
| EBIT 1 | 94,222 | 258,148 | 291,424 | 349,210 | 100,207 | 219,959 | 252,592 | 120,209 | 372,801 | 101,647 | 118,740 | 220,387 | 190,154 | 93,834 | 283,988 | 185,441 | 94,469 | 279,910 | 184,500 | 64,531 | 92,196 | 79,780 | 153,483 | 83,854 |
| Operating Margin | 21.22% | 29.86% | 37.87% | 35.3% | 33.22% | 35.23% | 36.29% | 32.05% | 34.81% | 33.06% | 33.97% | 33.55% | 29.8% | 30.61% | 30.06% | 40.2% | 28.21% | 35.15% | 30.82% | 23.29% | 31.85% | 29.17% | 32.24% | 21.64% |
| Earnings before Tax (EBT) 1 | 85,231 | 276,042 | 299,965 | - | 110,970 | 239,573 | 277,486 | 157,330 | - | 166,740 | 155,615 | 322,355 | 160,114 | 118,288 | 278,402 | 253,753 | 126,227 | 379,980 | 187,318 | 113,424 | 109,648 | 86,129 | 169,117 | 98,369 |
| Net income 1 | 62,018 | 196,623 | 213,123 | 267,253 | 79,087 | 171,834 | 195,553 | 110,304 | 305,857 | 118,984 | 111,467 | 230,451 | 115,776 | 86,541 | 202,317 | 181,019 | 90,279 | 271,298 | 136,743 | 82,561 | 68,233 | 56,867 | 121,400 | 81,767 |
| Net margin | 13.97% | 22.74% | 27.7% | 27.01% | 26.22% | 27.53% | 28.1% | 29.4% | 28.56% | 38.7% | 31.89% | 35.08% | 18.14% | 28.24% | 21.42% | 39.24% | 26.96% | 34.07% | 22.85% | 29.8% | 23.57% | 20.79% | 25.5% | 21.1% |
| EPS 2 | 52.06 | - | 178.9 | - | 66.83 | 144.7 | 165.9 | 94.06 | - | 101.9 | 95.76 | 197.6 | 99.44 | 74.36 | - | 155.5 | 77.55 | 233.0 | 117.4 | 70.91 | 70.86 | 51.77 | 107.0 | 47.44 |
| Dividend per Share 2 | 27.00 | - | 81.00 | - | 62.00 | 62.00 | - | 141.0 | - | - | 63.00 | 63.00 | - | 123.0 | - | - | 80.00 | 80.00 | - | 190.0 | - | - | - | - |
| Announcement Date | 10/31/19 | 5/7/20 | 11/5/20 | 5/6/21 | 11/4/21 | 11/4/21 | 2/3/22 | 5/10/22 | 5/10/22 | 8/3/22 | 11/8/22 | 11/8/22 | 2/7/23 | 5/9/23 | 5/9/23 | 8/3/23 | 11/7/23 | 11/7/23 | 2/6/24 | 5/7/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,082,960 | 1,216,784 | 1,742,389 | 1,206,506 | 1,263,666 | 1,484,350 | 1,927,262 | 2,091,233 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 154,436 | 159,320 | 594,194 | 383,360 | 178,154 | 445,974 | 331,199 | 378,802 |
| ROE (net income / shareholders' equity) | 14.2% | 17.5% | 28.1% | 24.2% | 20% | 20.1% | 13.9% | 14.3% |
| ROA (Net income/ Total Assets) | 16.7% | 19.9% | 31% | 26.3% | 21.8% | 22.7% | 11.8% | 11.9% |
| Assets 1 | 1,162,528 | 1,300,301 | 1,549,736 | 1,819,186 | 1,985,990 | 2,164,886 | 3,066,845 | 3,511,486 |
| Book Value Per Share 2 | 1,183 | 1,293 | 1,573 | 1,764 | 1,947 | 2,236 | 2,292 | 2,459 |
| Cash Flow per Share 2 | 170.0 | 225.0 | 412.0 | 414.0 | 381.0 | 437.0 | 292.0 | 279.0 |
| Capex 1 | 16,093 | 17,077 | 17,912 | 16,766 | 22,190 | 16,123 | 22,883 | 19,258 |
| Capex / Sales | 1.34% | 1.31% | 1.02% | 0.99% | 1.39% | 0.96% | 1.56% | 1.07% |
| Announcement Date | 4/25/19 | 5/7/20 | 5/6/21 | 5/10/22 | 5/9/23 | 5/7/24 | - | - |
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
OUTPERFORM
Number of Analysts
23
Last Close Price
8,739
JPY
Average target price
8,778
JPY
Spread / Average Target
+0.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.52% | 65.1B | |
| +43.65% | 4.52B | |
| +36.26% | 1.69B | |
| -32.47% | 340M | |
| +28.72% | 319M | |
| -34.57% | 310M | |
| -34.23% | 228M | |
| +1.79% | 151M | |
| +13.33% | 138M | |
| -25.00% | 113M |
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