Financials NEC Corporation Deutsche Boerse AG

Equities

NEC1

JP3733000008

IT Services & Consulting

Real-time Estimate Tradegate 07:11:06 2024-07-16 EDT 5-day change 1st Jan Change
79.95 EUR +3.19% Intraday chart for NEC Corporation +1.17% +51.70%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,025,023 1,776,673 1,403,157 1,358,384 2,928,366 3,521,200 - -
Enterprise Value (EV) 1 1,341,190 1,956,184 1,552,201 1,484,571 2,984,791 3,447,300 3,267,526 3,086,226
P/E ratio 10.2 x 11.7 x 9.93 x 12 x 19.6 x 22.9 x 19.3 x 17.4 x
Yield 1.77% 1.38% 1.94% 2.16% 1.09% 1.06% 1.26% 1.43%
Capitalization / Revenue 0.33 x 0.59 x 0.47 x 0.41 x 0.84 x 1.03 x 0.99 x 0.95 x
EV / Revenue 0.43 x 0.65 x 0.51 x 0.45 x 0.86 x 1.01 x 0.92 x 0.84 x
EV / EBITDA 4.56 x 6.09 x 4.96 x 4.2 x 7.94 x 8.17 x 7.18 x 6.38 x
EV / FCF 7.09 x 12.8 x 18.4 x 14.5 x 17.1 x 16.7 x 13.7 x 11.6 x
FCF Yield 14.1% 7.79% 5.42% 6.91% 5.85% 6% 7.29% 8.58%
Price to Book 1.12 x 1.36 x 0.93 x 0.84 x 1.53 x 1.73 x 1.62 x 1.51 x
Nbr of stocks (in thousands) 259,828 272,496 272,458 266,350 266,457 266,455 - -
Reference price 2 3,945 6,520 5,150 5,100 10,990 13,215 13,215 13,215
Announcement Date 20-05-12 21-05-12 22-04-28 23-04-28 24-04-26 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 3,095,234 2,994,023 3,014,095 3,313,018 3,477,262 3,412,518 3,553,322 3,689,148
EBITDA 1 293,969 321,372 313,064 353,745 375,712 421,894 455,273 483,523
EBIT 1 127,609 153,759 132,525 170,447 188,012 231,423 270,204 299,158
Operating Margin 4.12% 5.14% 4.4% 5.14% 5.41% 6.78% 7.6% 8.11%
Earnings before Tax (EBT) 1 123,969 157,831 144,436 167,671 185,011 236,958 275,835 306,863
Net income 1 99,967 149,606 141,277 114,500 149,521 154,612 182,411 203,109
Net margin 3.23% 5% 4.69% 3.46% 4.3% 4.53% 5.13% 5.51%
EPS 2 385.0 557.2 518.5 424.5 561.2 576.4 683.1 760.6
Free Cash Flow 1 189,038 152,416 84,140 102,536 174,729 206,700 238,225 264,925
FCF margin 6.11% 5.09% 2.79% 3.09% 5.02% 6.06% 6.7% 7.18%
FCF Conversion (EBITDA) 64.31% 47.43% 26.88% 28.99% 46.51% 48.99% 52.33% 54.79%
FCF Conversion (Net income) 189.1% 101.88% 59.56% 89.55% 116.86% 133.69% 130.6% 130.43%
Dividend per Share 2 70.00 90.00 100.0 110.0 120.0 140.0 166.5 188.5
Announcement Date 20-05-12 21-05-12 22-04-28 23-04-28 24-04-26 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 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
Net sales 1 1,646,241 1,315,030 1,678,993 1,382,805 713,551 917,739 1,631,290 659,669 795,702 1,455,371 813,888 1,043,759 1,857,647 706,542 842,259 1,548,801 844,475 1,083,986 1,928,461 689,250 827,000 1,490,000 816,750 1,057,000 1,910,000 -
EBITDA 1 - - - - 69,818 136,746 - 28,862 74,836 - 91,594 158,453 - 37,930 83,239 - 90,027 164,516 - 50,791 103,430 - - - - -
EBIT 1 80,753 19,973 133,786 23,205 24,057 85,263 109,320 -15,341 29,208 13,867 43,232 113,348 156,580 -8,125 36,120 27,995 41,820 118,197 160,017 -1,850 44,635 41,000 48,250 139,425 184,000 -
Operating Margin 4.91% 1.52% 7.97% 1.68% 3.37% 9.29% 6.7% -2.33% 3.67% 0.95% 5.31% 10.86% 8.43% -1.15% 4.29% 1.81% 4.95% 10.9% 8.3% -0.27% 5.4% 2.75% 5.91% 13.19% 9.63% -
Earnings before Tax (EBT) 77,854 19,363 138,468 25,758 23,327 95,351 118,678 -6,647 30,758 24,111 33,492 110,068 143,560 -2,463 34,440 31,977 36,177 116,857 153,034 - - - - - - -
Net income 1 70,805 11,008 138,598 13,342 11,591 116,344 127,935 -13,862 17,835 3,973 22,396 88,131 110,527 -7,388 20,302 12,914 21,126 115,481 136,607 619.4 26,804 23,500 34,034 90,951 131,500 -
Net margin 4.3% 0.84% 8.25% 0.96% 1.62% 12.68% 7.84% -2.1% 2.24% 0.27% 2.75% 8.44% 5.95% -1.05% 2.41% 0.83% 2.5% 10.65% 7.08% 0.09% 3.24% 1.58% 4.17% 8.6% 6.88% -
EPS 2 272.7 41.53 515.6 48.97 42.54 427.0 469.6 -50.88 65.48 14.60 82.82 327.1 409.9 -27.74 76.22 48.48 79.30 433.5 512.8 -2.857 120.5 - 133.5 311.1 - -
Dividend per Share 2 40.00 40.00 50.00 50.00 - 50.00 50.00 - 55.00 55.00 - 55.00 55.00 - 60.00 60.00 - 60.00 60.00 - 65.00 - - 65.00 - -
Announcement Date 20-05-12 20-10-29 21-05-12 21-10-29 22-01-31 22-04-28 22-04-28 22-07-28 22-10-28 22-10-28 23-01-30 23-04-28 23-04-28 23-07-28 23-10-30 23-10-30 24-01-30 24-04-26 24-04-26 - - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 316,167 179,511 149,044 126,187 56,425 - - -
Net Cash position 1 - - - - - 73,900 253,674 434,974
Leverage (Debt/EBITDA) 1.076 x 0.5586 x 0.4761 x 0.3567 x 0.1502 x - - -
Free Cash Flow 1 189,038 152,416 84,140 102,536 174,729 206,700 238,225 264,925
ROE (net income / shareholders' equity) 11.3% 13.5% 10% 7.3% 8.4% 7.99% 8.93% 9.26%
ROA (Net income/ Total Assets) 4.08% 4.65% 3.89% 4.33% 4.51% 4.11% 4.81% 5.24%
Assets 1 2,448,953 3,218,939 3,633,892 2,644,739 3,318,184 3,760,252 3,792,336 3,872,982
Book Value Per Share 2 3,508 4,801 5,555 6,097 7,189 7,619 8,173 8,778
Cash Flow per Share 2 1,026 1,181 1,181 1,104 1,266 1,260 1,338 1,382
Capex 1 72,825 70,936 71,106 77,714 96,499 85,600 89,000 91,000
Capex / Sales 2.35% 2.37% 2.36% 2.35% 2.78% 2.51% 2.5% 2.47%
Announcement Date 20-05-12 21-05-12 22-04-28 23-04-28 24-04-26 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
13,215 JPY
Average target price
13,427 JPY
Spread / Average Target
+1.61%
Consensus