NIKON CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,624 JPY | +0.56% |
|
+6.07% | +16.33% |
| 06-19 | Global markets live: Vodafone, Bayer, Apple, Microsoft, Qualcomm... |  |
| 06-19 | US pushing Netherlands, Japan to restrict more chipmaking equipment to China, source says | RE |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 618,539 | 366,323 | 380,000 | 482,528 | 470,152 | 559,528 | - | - |
| Enterprise Value (EV) 1 | 333,894 | 163,116 | 161,097 | 242,313 | 392,835 | 490,470 | 551,628 | 548,024 |
| P/E ratio | 9.3 x | 50.1 x | -11 x | 11.3 x | 10.8 x | 16.3 x | 18.7 x | 13.3 x |
| Yield | 3.84% | 4.01% | 1.93% | 3.04% | 3.32% | 3.27% | 3.27% | 3.44% |
| Capitalization / Revenue | 0.87 x | 0.62 x | 0.84 x | 0.89 x | 0.75 x | 0.74 x | 0.76 x | 0.73 x |
| EV / Revenue | 0.47 x | 0.28 x | 0.36 x | 0.45 x | 0.63 x | 0.68 x | 0.75 x | 0.71 x |
| EV / EBITDA | 3.02 x | 3.99 x | -5.71 x | 3.24 x | 4.68 x | 6.5 x | 7.28 x | 5.87 x |
| EV / FCF | 8.09 x | -33.5 x | -6.03 x | 7.83 x | -3.5 x | -10.3 x | 353 x | 22 x |
| FCF Yield | 12.4% | -2.98% | -16.6% | 12.8% | -28.5% | -9.68% | 0.28% | 4.54% |
| Price to Book | 1 x | 0.68 x | 0.71 x | 0.81 x | 0.76 x | 0.78 x | 0.81 x | 0.82 x |
| Nbr of stocks (in thousands) | 396,245 | 367,058 | 367,150 | 367,221 | 346,976 | 346,457 | - | - |
| Reference price 2 | 1,561 | 998.0 | 1,035 | 1,314 | 1,355 | 1,615 | 1,615 | 1,615 |
| Announcement Date | 19-05-09 | 20-05-28 | 21-05-13 | 22-05-12 | 23-05-11 | 24-05-09 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 708,660 | 591,012 | 451,223 | 539,612 | 628,105 | 717,245 | 732,662 | 768,262 |
| EBITDA 1 | 110,458 | 40,856 | -28,214 | 74,791 | 83,964 | 75,442 | 75,793 | 93,337 |
| EBIT 1 | 82,653 | 6,751 | -56,241 | 49,934 | 54,908 | 39,776 | 37,031 | 53,773 |
| Operating Margin | 11.66% | 1.14% | -12.46% | 9.25% | 8.74% | 5.55% | 5.05% | 7% |
| Earnings before Tax (EBT) 1 | 87,915 | 11,864 | -45,342 | 57,096 | 57,058 | 42,669 | 40,323 | 56,708 |
| Net income 1 | 66,513 | 7,693 | -34,497 | 42,679 | 44,944 | 32,570 | 29,990 | 41,864 |
| Net margin | 9.39% | 1.3% | -7.65% | 7.91% | 7.16% | 4.54% | 4.09% | 5.45% |
| EPS 2 | 167.9 | 19.93 | -93.96 | 116.2 | 125.5 | 94.03 | 86.42 | 121.3 |
| Free Cash Flow 1 | 41,291 | -4,862 | -26,731 | 30,966 | -112,131 | -47,498 | 1,564 | 24,859 |
| FCF margin | 5.83% | -0.82% | -5.92% | 5.74% | -17.85% | -6.62% | 0.21% | 3.24% |
| FCF Conversion (EBITDA) | 37.38% | - | - | 41.4% | - | - | 2.06% | 26.63% |
| FCF Conversion (Net income) | 62.08% | - | - | 72.56% | - | - | 5.22% | 59.38% |
| Dividend per Share 2 | 60.00 | 40.00 | 20.00 | 40.00 | 45.00 | 50.00 | 52.78 | 55.56 |
| Announcement Date | 19-05-09 | 20-05-28 | 21-05-13 | 22-05-12 | 23-05-11 | 24-05-09 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 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 | 291,052 | 299,960 | 175,647 | 275,576 | 140,768 | 273,049 | 133,300 | 133,263 | 266,563 | 145,648 | 142,682 | 288,330 | 167,700 | 172,075 | - | 158,146 | 173,150 | 331,296 | 197,700 | 188,249 | 385,949 | 164,195 | 178,335 | 343,800 | 200,968 | 200,594 | 403,700 |
| EBITDA 1 | - | - | - | - | 18,195 | - | 21,000 | 9,572 | - | 22,007 | 15,983 | - | 33,278 | 12,700 | - | - | - | - | - | 20,368 | - | 18,360 | 10,588 | - | 30,212 | 11,694 | - |
| EBIT 1 | 17,504 | -10,753 | -46,635 | - | 12,143 | 32,105 | 14,800 | 3,029 | 17,829 | 15,357 | 9,062 | 24,419 | 26,200 | 4,289 | 30,489 | 3,290 | 10,339 | 13,629 | 20,800 | 5,347 | 26,147 | 6,139 | 6,411 | 10,800 | 17,810 | 7,862 | 26,000 |
| Operating Margin | 6.01% | -3.58% | -26.55% | - | 8.63% | 11.76% | 11.1% | 2.27% | 6.69% | 10.54% | 6.35% | 8.47% | 15.62% | 2.49% | - | 2.08% | 5.97% | 4.11% | 10.52% | 2.84% | 6.77% | 3.74% | 3.6% | 3.14% | 8.86% | 3.92% | 6.44% |
| Earnings before Tax (EBT) 1 | 20,138 | -8,274 | -38,896 | - | 14,786 | 35,913 | 16,600 | 4,583 | 21,183 | 16,507 | 9,528 | 26,035 | 26,300 | 4,723 | 31,023 | 4,817 | 10,443 | 15,260 | 21,000 | 6,409 | 27,409 | 6,250 | 8,900 | 13,300 | 15,900 | 12,200 | 27,500 |
| Net income 1 | 16,343 | -8,650 | -31,537 | - | 10,604 | 26,464 | 12,600 | 3,615 | 16,215 | 11,866 | 7,014 | 18,880 | 20,600 | 5,464 | 26,064 | 2,576 | 7,225 | 9,801 | 15,100 | 7,669 | 22,769 | 4,782 | 5,223 | 10,200 | 14,300 | 6,114 | 19,100 |
| Net margin | 5.62% | -2.88% | -17.95% | - | 7.53% | 9.69% | 9.45% | 2.71% | 6.08% | 8.15% | 4.92% | 6.55% | 12.28% | 3.18% | - | 1.63% | 4.17% | 2.96% | 7.64% | 4.07% | 5.9% | 2.91% | 2.93% | 2.97% | 7.12% | 3.05% | 4.73% |
| EPS 2 | 41.70 | -21.77 | -85.90 | - | 28.88 | 72.07 | 34.34 | 9.820 | 44.16 | 32.38 | 19.47 | 51.85 | 57.36 | 16.25 | 73.61 | 7.440 | 20.86 | 28.30 | 43.80 | 21.93 | 65.73 | 16.27 | 13.36 | 27.80 | 41.26 | 12.39 | 52.00 |
| Dividend per Share | 30.00 | - | 10.00 | - | 20.00 | 20.00 | - | 20.00 | - | - | 20.00 | 20.00 | - | 25.00 | - | - | 25.00 | 25.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 19-11-07 | 20-05-28 | 20-11-05 | 21-05-13 | 21-11-04 | 21-11-04 | 22-02-03 | 22-05-12 | 22-05-12 | 22-08-04 | 22-11-10 | 22-11-10 | 23-02-09 | 23-05-11 | 23-05-11 | 23-08-08 | 23-11-09 | 23-11-09 | 24-02-08 | 24-05-09 | 24-05-09 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 284,645 | 203,207 | 218,903 | 240,215 | 77,317 | 39,939 | 7,900 | 11,505 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 41,291 | -4,862 | -26,731 | 30,966 | -112,131 | -47,498 | 1,564 | 24,859 |
| ROE (net income / shareholders' equity) | 11.2% | 1.3% | -6.4% | 7.5% | 7.4% | 5% | 4.47% | 6.2% |
| ROA (Net income/ Total Assets) | 7.87% | 1.11% | -4.54% | 5.63% | 5.46% | 3.88% | 2.96% | 4.1% |
| Assets 1 | 844,824 | 694,101 | 759,150 | 758,448 | 823,070 | 838,648 | 1,014,278 | 1,020,970 |
| Book Value Per Share 2 | 1,554 | 1,473 | 1,464 | 1,627 | 1,776 | 1,974 | 1,998 | 1,972 |
| Cash Flow per Share 2 | 238.0 | 108.0 | -17.60 | 184.0 | 207.0 | 197.0 | 187.0 | 247.0 |
| Capex 1 | 27,610 | 19,463 | 31,697 | 45,857 | 135,547 | 78,265 | 62,000 | 45,333 |
| Capex / Sales | 3.9% | 3.29% | 7.02% | 8.5% | 21.58% | 10.91% | 8.46% | 5.9% |
| Announcement Date | 19-05-09 | 20-05-28 | 21-05-13 | 22-05-12 | 23-05-11 | 24-05-09 | - | - |
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
HOLD
Number of Analysts
9
Last Close Price
1,615
JPY
Average target price
1,752
JPY
Spread / Average Target
+8.46%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.33% | 3.5B | |
| -5.23% | 11.16B | |
| +60.52% | 2.34B | |
| -42.29% | 1.09B | |
| +80.23% | 1.17B | |
| +60.15% | 1.09B | |
| +43.93% | 1.09B | |
| -39.68% | 991M | |
| -41.46% | 794M | |
| -6.76% | 614M |
- Stock Market
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- Financials Nikon Corporation
