Financials Nippon Thompson Co., Ltd.

Equities

6480

JP3739400004

Industrial Machinery & Equipment

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-07-12 am EDT			5-day change	1st Jan Change
643 ^JPY	+1.42%		+1.10%	+14.01%

Mar. 25	Tranche Update on Nippon Thompson Co., Ltd.'s Equity Buyback Plan announced on August 9, 2023.	CI
Mar. 22	Nippon Thompson Co., Ltd.'s Equity Buyback announced on August 9, 2023, has closed with 2,176,700 shares, representing 3.08% for ¥1,306.28 million.	CI

Valuation

Fiscal Period: Marzo	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	26,523	46,832	38,417	41,409	44,854	44,280	-	-
Enterprise Value (EV) ¹	41,645	54,346	44,274	36,347	35,135	45,880	42,780	36,980
P/E ratio	-142 x	219 x	9.28 x	5.54 x	17 x	13.4 x	8.73 x	10.9 x
Yield	3.39%	1.21%	2.4%	3.27%	2.96%	3.11%	3.65%	4.12%
Capitalization / Revenue	0.56 x	1.06 x	0.62 x	0.61 x	0.81 x	0.77 x	0.68 x	0.65 x
EV / Revenue	0.88 x	1.23 x	0.71 x	0.53 x	0.64 x	0.8 x	0.66 x	0.54 x
EV / EBITDA	8.1 x	16.6 x	4.53 x	2.82 x	5.41 x	5.66 x	4.11 x	3.33 x
EV / FCF	-4.8 x	20.5 x	5.42 x	9.33 x	-5.17 x	5.03 x	15.7 x	7.2 x
FCF Yield	-20.9%	4.88%	18.4%	10.7%	-19.3%	19.9%	6.38%	13.9%
Price to Book	0.46 x	0.79 x	0.6 x	0.58 x	0.58 x	0.57 x	0.55 x	0.52 x
Nbr of stocks (in thousands)	71,878	70,743	71,010	71,271	69,866	68,865	-	-
Reference price ²	369.0	662.0	541.0	581.0	642.0	643.0	643.0	643.0
Announcement Date	5/29/20	5/13/21	5/12/22	5/15/23	5/13/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	47,457	44,342	62,284	68,260	55,048	57,500	65,000	68,600
EBITDA ¹	5,141	3,274	9,783	12,882	6,489	8,100	10,400	11,100
EBIT ¹	1,341	-559	5,898	9,459	3,164	4,400	6,700	7,150
Operating Margin	2.83%	-1.26%	9.47%	13.86%	5.75%	7.65%	10.31%	10.42%
Earnings before Tax (EBT) ¹	1,019	125	5,987	10,489	5,032	4,850	7,150	5,650
Net income ¹	-185	215	4,134	7,469	2,674	3,300	5,075	4,050
Net margin	-0.39%	0.48%	6.64%	10.94%	4.86%	5.74%	7.81%	5.9%
EPS ²	-2.590	3.020	58.27	104.9	37.82	47.91	73.68	58.80
Free Cash Flow ¹	-8,685	2,651	8,165	3,894	-6,793	9,114	2,730	5,138
FCF margin	-18.3%	5.98%	13.11%	5.7%	-12.34%	15.85%	4.2%	7.49%
FCF Conversion (EBITDA)	-	80.97%	83.46%	30.23%	-	112.52%	26.25%	46.28%
FCF Conversion (Net income)	-	1,233.02%	197.51%	52.14%	-	276.18%	53.8%	126.85%
Dividend per Share ²	12.50	8.000	13.00	19.00	19.00	20.00	23.50	26.50
Announcement Date	5/29/20	5/13/21	5/12/22	5/15/23	5/13/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Marzo	2020 S2	2021 S1	2022 S1	2022 Q3	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	22,014	20,258	30,090	16,094	16,760	17,580	34,340	17,789	16,131	-	14,595	13,886	28,481	13,658	12,909	13,000	13,600	14,400	15,000
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	131	-748	2,257	1,593	1,872	2,468	4,340	3,146	1,973	-	1,041	999	2,040	995	129	500	900	1,300	1,600
Operating Margin	0.6%	-3.69%	7.5%	9.9%	11.17%	14.04%	12.64%	17.69%	12.23%	-	7.13%	7.19%	7.16%	7.29%	1%	3.85%	6.62%	9.03%	10.67%
Earnings before Tax (EBT) ¹	-	-752	2,533	2,078	3,215	-	6,084	2,206	2,199	-	1,718	1,289	3,007	881	1,144	600	1,000	1,400	1,700
Net income ¹	-482	-588	2,171	1,438	2,139	-	4,195	1,558	1,716	-	1,209	377	1,586	681	407	400	700	1,000	1,200
Net margin	-2.19%	-2.9%	7.22%	8.94%	12.76%	-	12.22%	8.76%	10.64%	-	8.28%	2.71%	5.57%	4.99%	3.15%	3.08%	5.15%	6.94%	8%
EPS	-	-8.200	30.62	20.26	30.11	-	58.98	21.87	-	-	16.95	-	22.23	9.630	-	-	-	-	-
Dividend per Share	-	4.000	6.000	-	-	-	9.000	-	-	10.00	-	-	9.500	-	-	-	-	-	-
Announcement Date	5/29/20	11/12/20	11/12/21	2/14/22	8/10/22	11/14/22	11/14/22	2/13/23	5/15/23	5/15/23	8/9/23	11/13/23	11/13/23	2/13/24	5/13/24	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: Marzo	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	15,122	7,514	5,857	-	-	1,600	-	-
Net Cash position ¹	-	-	-	5,062	9,719	-	1,500	7,300
Leverage (Debt/EBITDA)	2.941 x	2.295 x	0.5987 x	-	-	0.1975 x	-	-
Free Cash Flow ¹	-8,685	2,651	8,165	3,894	-6,793	9,114	2,731	5,138
ROE (net income / shareholders' equity)	-0.3%	0.37%	6.7%	11%	3.6%	4.28%	6.87%	3.2%
ROA (Net income/ Total Assets)	1.27%	0.23%	7.2%	9.47%	3.88%	2.7%	4.87%	4.6%
Assets ¹	-14,560	95,107	57,423	78,911	69,002	122,207	104,276	88,043
Book Value Per Share ²	797.0	836.0	899.0	1,003	1,104	1,131	1,175	1,232
Cash Flow per Share ²	50.40	56.80	113.0	153.0	84.80	224.0	91.50	157.0
Capex ¹	6,229	3,107	1,973	2,504	4,305	4,700	3,950	3,950
Capex / Sales	13.13%	7.01%	3.17%	3.67%	7.82%	8.17%	6.08%	5.76%
Announcement Date	5/29/20	5/13/21	5/12/22	5/15/23	5/13/24	-	-	-

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

Ratings for Nippon Thompson Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

643 JPY

Average target price

667 JPY

Spread / Average Target

+3.73%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Industrial Parts & Components

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XI'AN SHAANGU POWER CO., LTD.	-4.51%	1.81B

Industrial Parts & Components