Financials Nomura Micro Science Co., Ltd.

Equities

6254

JP3762950008

Industrial Machinery & Equipment

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-07-16 am EDT			5-day change	1st Jan Change
4,080 ^JPY	-1.21%		+0.99%	+9.31%

May. 15	Nomura Micro Science Co., Ltd. Provides Second Quarter-End and Year End Dividend Guidance for the Fiscal Year Ending March 31, 2025	CI
May. 15	Nomura Micro Science Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 2024 and Full Year Ending March 31, 2025	CI

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	9,369	33,806	39,176	38,578	222,052	153,059	-	-
Enterprise Value (EV) ¹	7,758	26,574	31,781	27,924	232,306	168,691	148,551	136,951
P/E ratio	7.35 x	12.9 x	11.9 x	6.62 x	27.8 x	17.2 x	15.8 x	16 x
Yield	3.23%	1.77%	2.23%	3.61%	1.05%	1.67%	1.89%	2%
Capitalization / Revenue	0.45 x	1.11 x	1.23 x	0.78 x	3.04 x	1.83 x	1.78 x	1.75 x
EV / Revenue	0.37 x	0.88 x	1 x	0.56 x	3.18 x	2.02 x	1.73 x	1.57 x
EV / EBITDA	-	6.49 x	-	-	21.2 x	13 x	12.6 x	14.6 x
EV / FCF	-24 x	4.58 x	-	7.89 x	-12.7 x	18.2 x	18.8 x	-
FCF Yield	-4.16%	21.8%	-	12.7%	-7.87%	5.49%	5.31%	-
Price to Book	0.91 x	2.57 x	2.48 x	1.82 x	7.81 x	4.41 x	3.62 x	2.98 x
Nbr of stocks (in thousands)	36,669	36,795	36,829	37,138	37,383	37,514	-	-
Reference price ²	255.5	918.8	1,064	1,039	5,940	4,080	4,080	4,080
Announcement Date	5/13/20	5/12/21	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	21,049	30,361	31,901	49,595	73,021	83,700	85,800	87,433
EBITDA ¹	-	4,098	-	-	10,954	13,000	11,800	9,400
EBIT ¹	1,846	3,972	4,433	6,550	10,647	12,375	13,450	13,467
Operating Margin	8.77%	13.08%	13.9%	13.21%	14.58%	14.78%	15.68%	15.4%
Earnings before Tax (EBT) ¹	1,789	3,609	4,578	7,450	10,827	12,010	12,910	12,100
Net income ¹	1,273	2,618	3,291	5,806	7,978	8,892	9,678	9,547
Net margin	6.05%	8.62%	10.32%	11.71%	10.93%	10.62%	11.28%	10.92%
EPS ²	34.77	71.19	89.40	156.9	213.5	237.2	258.1	254.5
Free Cash Flow ¹	-323	5,800	-	3,541	-18,276	9,263	7,890	-
FCF margin	-1.53%	19.1%	-	7.14%	-25.03%	11.07%	9.2%	-
FCF Conversion (EBITDA)	-	141.55%	-	-	-	71.25%	66.86%	-
FCF Conversion (Net income)	-	221.54%	-	60.99%	-	104.17%	81.53%	-
Dividend per Share ²	8.250	16.25	23.75	37.50	62.50	68.25	77.00	81.67
Announcement Date	5/13/20	5/12/21	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	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
Net sales ¹	11,953	12,806	17,555	13,618	8,932	9,351	18,283	8,937	10,594	19,531	13,504	16,560	30,064	12,767	23,788	36,555	24,742	11,724	36,466	11,225	12,975	25,000	32,375	32,075	65,000
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,471	1,588	2,384	2,201	763	-	-	617	973	1,590	1,531	3,429	4,960	1,664	4,058	5,722	2,729	2,196	4,925	910.8	1,261	2,000	4,191	6,188	10,500
Operating Margin	12.31%	12.4%	13.58%	16.16%	8.54%	-	-	6.9%	9.18%	8.14%	11.34%	20.71%	16.5%	13.03%	17.06%	15.65%	11.03%	18.73%	13.51%	8.11%	9.72%	8%	12.94%	19.29%	16.15%
Earnings before Tax (EBT) ¹	-	1,571	-	2,228	806	-	-	718	-	1,824	1,373	-	-	2,093	-	6,250	2,206	2,371	-	2,400	2,800	-	3,100	3,330	-
Net income ¹	1,056	1,066	-	1,539	629	-	-	441	-	1,257	1,054	-	-	1,117	-	4,061	1,742	2,175	-	1,800	2,200	-	2,500	2,100	-
Net margin	8.83%	8.32%	-	11.3%	7.04%	-	-	4.93%	-	6.44%	7.81%	-	-	8.75%	-	11.11%	7.04%	18.55%	-	16.04%	16.96%	-	7.72%	6.55%	-
EPS ²	-	29.02	-	41.83	17.08	-	-	11.99	-	34.10	28.44	-	-	30.02	-	108.9	46.53	58.06	-	16.63	22.52	-	104.2	90.35	-
Dividend per Share	-	-	-	7.500	-	-	-	-	-	10.00	-	-	-	-	-	15.00	-	-	-	-	-	-	-	-	-
Announcement Date	5/13/20	11/13/20	5/12/21	11/12/21	2/14/22	5/13/22	5/13/22	8/10/22	11/14/22	11/14/22	2/14/23	5/15/23	5/15/23	8/10/23	11/14/23	11/14/23	2/14/24	5/15/24	5/15/24	-	-	-	-	-	-

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-	-	-	10,254	15,632	-	-
Net Cash position ¹	1,611	7,232	7,395	10,654	-	-	4,508	16,108
Leverage (Debt/EBITDA)	-	-	-	-	0.9361 x	1.202 x	-	-
Free Cash Flow ¹	-323	5,800	-	3,541	-18,276	9,263	7,890	-
ROE (net income / shareholders' equity)	12.8%	22.3%	22.7%	31.4%	32.1%	27.6%	26%	22.2%
ROA (Net income/ Total Assets)	9.21%	16.4%	17.7%	18.6%	19.2%	15.6%	17.3%	-
Assets ¹	13,815	15,977	18,624	31,224	41,486	57,000	55,940	-
Book Value Per Share ²	281.0	357.0	429.0	569.0	761.0	926.0	1,127	1,367
Cash Flow per Share	39.60	74.60	94.10	162.0	222.0	-	-	-
Capex ¹	85	155	382	1,140	595	600	700	500
Capex / Sales	0.4%	0.51%	1.2%	2.3%	0.81%	0.72%	0.82%	0.57%
Announcement Date	5/13/20	5/12/21	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

Ratings for Nomura Micro Science Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4,080 JPY

Average target price

5,167 JPY

Spread / Average Target

+26.63%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Industrial Machinery

	1st Jan change	Capi.
NOMURA MICRO SCIENCE CO., LTD.	+9.31%	982M
NORDSON CORPORATION	-7.87%	13.55B
VALMET OYJ	+2.57%	5.36B
IHI CORPORATION	+112.71%	5.35B
HAITIAN INTERNATIONAL HOLDINGS LIMITED	+12.58%	4.52B
KRONES AG	+13.60%	4.44B
SUZHOU MAXWELL TECHNOLOGIES CO., LTD.	-11.82%	4.16B
KADANT INC.	+21.75%	3.87B
TOMRA SYSTEMS ASA	+15.27%	3.86B
WUXI LEAD INTELLIGENT EQUIPMENT CO.,LTD.	-35.55%	3.49B

Industrial Machinery