NISSIN FOODS HOLDINGS CO.,LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,190 JPY | +0.24% |
|
+0.94% | -14.88% |
| Jul. 03 | Nissin Foods Holdings Repurchases Over 1 Million Shares in June | MT |
| Jul. 01 | Tranche Update on Nissin Foods Holdings Co.,Ltd.'s Equity Buyback Plan announced on May 13, 2024. | CI |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 937,500 | 855,252 | 880,534 | 1,229,334 | 1,277,043 | 1,260,004 | - | - |
| Enterprise Value (EV) 1 | 925,598 | 812,888 | 823,444 | 1,178,166 | 1,215,236 | 1,237,412 | 1,254,691 | 1,261,552 |
| P/E ratio | 32 x | 20.9 x | 24.9 x | 27.5 x | 23.6 x | 21 x | 19.9 x | 19 x |
| Yield | 1.22% | 1.46% | 1.52% | 1.15% | 1.59% | 1.77% | 1.89% | 1.96% |
| Capitalization / Revenue | 2 x | 1.69 x | 1.55 x | 1.84 x | 1.74 x | 1.62 x | 1.56 x | 1.5 x |
| EV / Revenue | 1.97 x | 1.61 x | 1.45 x | 1.76 x | 1.66 x | 1.59 x | 1.55 x | 1.5 x |
| EV / EBITDA | 13.9 x | 10 x | 11 x | 13.9 x | 11.6 x | 10.7 x | 10.2 x | 9.66 x |
| EV / FCF | 54.1 x | 21 x | 33.4 x | 36 x | 63.4 x | -91 x | 223 x | 71.3 x |
| FCF Yield | 1.85% | 4.76% | 2.99% | 2.78% | 1.58% | -1.1% | 0.45% | 1.4% |
| Price to Book | 2.86 x | 2.23 x | 2.15 x | 2.86 x | 2.59 x | 2.46 x | 2.31 x | 2.2 x |
| Nbr of stocks (in thousands) | 312,500 | 312,516 | 308,238 | 304,040 | 304,058 | 301,148 | - | - |
| Reference price 2 | 3,000 | 2,737 | 2,857 | 4,043 | 4,200 | 4,180 | 4,180 | 4,180 |
| Announcement Date | 5/11/20 | 5/11/21 | 5/13/22 | 5/10/23 | 5/13/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 468,879 | 506,107 | 569,722 | 669,248 | 732,933 | 776,618 | 808,007 | 839,213 |
| EBITDA 1 | 66,443 | 80,895 | 74,854 | 84,834 | 104,623 | 115,798 | 123,327 | 130,623 |
| EBIT 1 | 41,252 | 55,532 | 46,614 | 55,636 | 73,361 | 83,195 | 87,421 | 91,000 |
| Operating Margin | 8.8% | 10.97% | 8.18% | 8.31% | 10.01% | 10.71% | 10.82% | 10.84% |
| Earnings before Tax (EBT) 1 | 42,650 | 56,233 | 49,182 | 57,950 | 76,915 | 85,874 | 89,783 | 93,100 |
| Net income 1 | 29,316 | 40,828 | 35,412 | 44,760 | 54,170 | 59,882 | 62,403 | 64,266 |
| Net margin | 6.25% | 8.07% | 6.22% | 6.69% | 7.39% | 7.71% | 7.72% | 7.66% |
| EPS 2 | 93.82 | 130.6 | 114.5 | 146.9 | 178.2 | 199.1 | 209.7 | 219.6 |
| Free Cash Flow 1 | 17,120 | 38,682 | 24,627 | 32,700 | 19,155 | -13,603 | 5,617 | 17,686 |
| FCF margin | 3.65% | 7.64% | 4.32% | 4.89% | 2.61% | -1.75% | 0.7% | 2.11% |
| FCF Conversion (EBITDA) | 25.77% | 47.82% | 32.9% | 38.55% | 18.31% | - | 4.55% | 13.54% |
| FCF Conversion (Net income) | 58.4% | 94.74% | 69.54% | 73.06% | 35.36% | - | 9% | 27.52% |
| Dividend per Share 2 | 36.67 | 40.00 | 43.33 | 46.67 | 66.67 | 73.83 | 79.13 | 81.76 |
| Announcement Date | 5/11/20 | 5/11/21 | 5/13/22 | 5/10/23 | 5/13/24 | - | - | - |
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 | 2027 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 247,518 | 241,131 | 264,976 | 275,000 | 149,758 | 144,964 | - | 149,263 | 167,691 | 316,954 | 184,513 | 167,781 | - | 166,470 | 183,900 | 350,370 | 198,551 | 184,011 | - | 181,084 | 196,629 | 377,500 | 210,422 | 195,982 | 404,400 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | 21,089 | - | 28,994 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 21,531 | 31,840 | 23,692 | 26,800 | 15,752 | 4,062 | - | 13,256 | 13,775 | 27,032 | 21,675 | 6,929 | - | 20,879 | 24,023 | 44,903 | 23,656 | 4,803 | - | 22,580 | 24,900 | 45,200 | 25,760 | 9,820 | 32,600 | - | - | - | - |
| Operating Margin | 8.7% | 13.2% | 8.94% | 9.75% | 10.52% | 2.8% | - | 8.88% | 8.21% | 8.53% | 11.75% | 4.13% | - | 12.54% | 13.06% | 12.82% | 11.91% | 2.61% | - | 12.47% | 12.66% | 11.97% | 12.24% | 5.01% | 8.06% | - | - | - | - |
| Earnings before Tax (EBT) | - | 32,148 | 24,085 | 27,868 | 16,754 | 4,560 | - | 13,991 | 14,067 | 28,059 | 22,524 | 7,367 | - | 21,960 | 24,515 | 46,476 | 24,425 | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | 21,973 | 18,855 | 17,122 | 13,625 | 4,687 | - | 7,530 | 9,852 | 17,382 | 17,541 | 9,837 | - | 14,031 | 17,979 | 32,010 | 17,040 | 5,120 | - | 15,593 | 19,980 | - | 18,938 | 5,689 | - | - | - | - | - |
| Net margin | - | 9.11% | 7.12% | 6.23% | 9.1% | 3.23% | - | 5.04% | 5.88% | 5.48% | 9.51% | 5.86% | - | 8.43% | 9.78% | 9.14% | 8.58% | 2.78% | - | 8.61% | 10.16% | - | 9% | 2.9% | - | - | - | - | - |
| EPS 2 | - | 70.31 | - | 55.15 | 44.12 | 15.23 | - | 24.61 | 32.37 | 56.96 | 57.69 | 32.29 | - | 46.15 | 59.13 | 105.3 | 56.04 | 16.84 | - | 53.16 | 63.63 | - | 64.22 | 15.73 | - | - | - | - | - |
| Dividend per Share 2 | 18.33 | 18.33 | 21.67 | 23.33 | - | - | 20.00 | - | - | 21.67 | - | - | 25.00 | - | 26.67 | 26.67 | - | 40.00 | 40.00 | - | 35.00 | 35.00 | - | 35.00 | 40.00 | - | 38.00 | 42.00 | 40.00 |
| Announcement Date | 5/11/20 | 11/6/20 | 5/11/21 | 11/5/21 | 2/3/22 | 5/13/22 | 5/13/22 | 8/4/22 | 11/10/22 | 11/10/22 | 2/6/23 | 5/10/23 | 5/10/23 | 8/3/23 | 11/9/23 | 11/9/23 | 2/13/24 | 5/13/24 | 5/13/24 | - | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | 1,548 |
| Net Cash position 1 | 11,902 | 42,364 | 57,090 | 51,168 | 61,807 | 22,592 | 5,313 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | 0.0119 x |
| Free Cash Flow 1 | 17,120 | 38,682 | 24,627 | 32,700 | 19,155 | -13,603 | 5,617 | 17,686 |
| ROE (net income / shareholders' equity) | 9% | 11.5% | 8.95% | 10.7% | 11.7% | 11.6% | 11.7% | 11.5% |
| ROA (Net income/ Total Assets) | 7.52% | 9.07% | 5.26% | 8.33% | 10.1% | 7.11% | 6.74% | 6.6% |
| Assets 1 | 389,803 | 450,206 | 673,475 | 537,505 | 535,522 | 842,774 | 926,078 | 974,144 |
| Book Value Per Share 2 | 1,050 | 1,229 | 1,327 | 1,416 | 1,622 | 1,701 | 1,810 | 1,903 |
| Cash Flow per Share 2 | 174.0 | 212.0 | 206.0 | 243.0 | 281.0 | 303.0 | 319.0 | 341.0 |
| Capex 1 | 39,799 | 34,032 | 28,309 | 32,535 | 74,968 | 94,643 | 75,462 | 70,462 |
| Capex / Sales | 8.49% | 6.72% | 4.97% | 4.86% | 10.23% | 12.19% | 9.34% | 8.4% |
| Announcement Date | 5/11/20 | 5/11/21 | 5/13/22 | 5/10/23 | 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
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
4,180
JPY
Average target price
5,350
JPY
Spread / Average Target
+27.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.51% | 7.84B | |
| -2.36% | 7.46B | |
| +1.89% | 7.31B | |
| +11.30% | 1.9B | |
| -6.46% | 941M | |
| -25.12% | 636M | |
| +34.86% | 606M | |
| -13.57% | 561M | |
| -36.73% | 456M | |
| -22.33% | 315M |
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- Financials Nissin Foods Holdings Co.,Ltd.
