Financials NS Solutions Corporation

Equities

2327

JP3379900008

IT Services & Consulting

Market Closed - Japan Exchange 02:00:00 2024-07-12 am EDT 5-day change 1st Jan Change
2,878 JPY -0.52% Intraday chart for NS Solutions Corporation +3.19% +25.81%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 240,829 309,921 336,721 323,896 451,973 526,560 - -
Enterprise Value (EV) 1 186,591 232,400 243,592 247,602 382,789 443,917 431,001 427,463
P/E ratio 13 x 18.9 x 16.9 x 14.7 x 18.6 x 22.5 x 21 x 19.9 x
Yield 2.47% 1.5% 1.79% 2.12% 1.72% 1.95% 2.14% 2.34%
Capitalization / Revenue 0.88 x 1.23 x 1.25 x 1.11 x 1.46 x 1.61 x 1.54 x 1.47 x
EV / Revenue 0.68 x 0.92 x 0.9 x 0.85 x 1.23 x 1.35 x 1.26 x 1.19 x
EV / EBITDA 5.48 x 7.46 x 6.8 x 5.58 x 8.14 x 9.63 x 8.64 x 8.18 x
EV / FCF 11.4 x 8.31 x 10.2 x 12.1 x 21.8 x 15 x 13.9 x 13.2 x
FCF Yield 8.78% 12% 9.76% 8.24% 4.59% 6.66% 7.19% 7.6%
Price to Book 1.61 x 1.79 x 1.71 x 1.62 x 1.91 x 2.17 x 2.02 x 1.89 x
Nbr of stocks (in thousands) 183,001 176,593 183,000 182,992 182,985 182,961 - -
Reference price 2 1,316 1,755 1,840 1,770 2,470 2,878 2,878 2,878
Announcement Date 4/28/20 4/28/21 4/28/22 4/28/23 4/26/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 274,843 251,992 270,332 291,688 310,632 327,655 342,757 358,456
EBITDA 1 34,057 31,159 35,803 44,358 47,051 46,074 49,863 52,277
EBIT 1 28,387 24,549 29,815 31,738 35,001 36,322 38,867 41,786
Operating Margin 10.33% 9.74% 11.03% 10.88% 11.27% 11.09% 11.34% 11.66%
Earnings before Tax (EBT) 1 28,663 25,318 30,109 32,101 35,437 36,889 39,444 42,371
Net income 1 18,552 16,982 19,977 22,000 24,241 24,815 26,566 28,571
Net margin 6.75% 6.74% 7.39% 7.54% 7.8% 7.57% 7.75% 7.97%
EPS 2 101.4 92.80 109.2 120.2 132.5 128.1 137.0 144.8
Free Cash Flow 1 16,391 27,958 23,773 20,397 17,584 29,573 30,995 32,492
FCF margin 5.96% 11.09% 8.79% 6.99% 5.66% 9.03% 9.04% 9.06%
FCF Conversion (EBITDA) 48.13% 89.73% 66.4% 45.98% 37.37% 64.19% 62.16% 62.15%
FCF Conversion (Net income) 88.35% 164.63% 119% 92.71% 72.54% 119.17% 116.67% 113.72%
Dividend per Share 2 32.50 26.25 33.00 37.50 42.50 56.11 61.62 67.25
Announcement Date 4/28/20 4/28/21 4/28/22 4/28/23 4/26/24 - - -
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 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4
Net sales 1 138,084 119,068 132,924 130,787 64,831 74,714 139,545 65,100 69,600 134,685 72,095 84,908 157,003 68,800 76,000 144,800 75,345 90,487 72,667 79,833 153,000 80,267 97,233
EBITDA - - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 14,197 11,149 13,400 13,782 7,854 8,179 16,033 6,500 7,500 14,004 8,319 9,415 17,734 6,600 8,100 14,600 8,653 11,748 6,867 8,367 15,500 9,033 11,933
Operating Margin 10.28% 9.36% 10.08% 10.54% 12.11% 10.95% 11.49% 9.98% 10.78% 10.4% 11.54% 11.09% 11.3% 9.59% 10.66% 10.08% 11.48% 12.98% 9.45% 10.48% 10.13% 11.25% 12.27%
Earnings before Tax (EBT) 1 14,590 11,965 - 14,291 8,022 7,796 15,818 6,700 7,600 14,236 8,352 9,513 17,865 6,900 8,100 15,000 8,694 11,743 7,075 8,525 15,800 9,225 11,975
Net income 1 9,825 7,921 9,061 9,230 5,566 5,181 10,747 4,400 5,000 9,397 5,702 6,901 12,603 4,000 5,500 9,500 5,983 8,758 4,250 5,800 10,200 6,250 8,400
Net margin 7.12% 6.65% 6.82% 7.06% 8.59% 6.93% 7.7% 6.76% 7.18% 6.98% 7.91% 8.13% 8.03% 5.81% 7.24% 6.56% 7.94% 9.68% 5.85% 7.27% 6.67% 7.79% 8.64%
EPS 2 53.68 43.28 - 50.44 30.42 28.31 58.72 23.78 27.57 51.36 31.16 37.72 - 21.98 29.94 51.92 32.70 47.86 24.61 28.99 - 33.36 46.49
Dividend per Share - 12.50 - 15.00 - - - - - 17.50 - - - - - 20.00 - - - - - - -
Announcement Date 4/28/20 10/27/20 4/28/21 10/29/21 2/1/22 4/28/22 4/28/22 8/2/22 10/27/22 10/27/22 2/3/23 4/28/23 4/28/23 7/28/23 10/27/23 10/27/23 2/2/24 4/26/24 - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 54,238 77,521 93,129 76,294 69,184 82,644 95,559 99,097
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 16,391 27,958 23,773 20,397 17,584 29,573 30,995 32,492
ROE (net income / shareholders' equity) 12.8% 10.3% 10.6% 11% 11.1% 10.5% 10.7% 10.9%
ROA (Net income/ Total Assets) 11.9% 9.79% 10.8% 10.4% 10.2% 7.91% 7.16% 7.35%
Assets 1 155,249 173,423 184,466 211,323 237,555 313,776 370,803 388,727
Book Value Per Share 2 817.0 983.0 1,075 1,096 1,294 1,325 1,424 1,527
Cash Flow per Share 2 130.0 126.0 139.0 189.0 198.0 187.0 198.0 -
Capex 1 5,577 3,644 5,337 6,132 3,122 4,154 4,234 3,811
Capex / Sales 2.03% 1.45% 1.97% 2.1% 1.01% 1.27% 1.24% 1.06%
Announcement Date 4/28/20 4/28/21 4/28/22 4/28/23 4/26/24 - - -
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
D
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
2,878 JPY
Average target price
2,284 JPY
Spread / Average Target
-20.62%
Consensus
  1. Stock Market
  2. Equities
  3. 2327 Stock
  4. Financials NS Solutions Corporation