Financials Nissin Foods Company Limited

Equities

1475

HK0000376142

Food Processing

Market Closed - Hong Kong S.E. 04:08:42 2024-06-28 EDT 5-day change 1st Jan Change
4.85 HKD +3.63% Intraday chart for Nissin Foods Company Limited -.--% -22.40%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,649 6,853 6,255 6,982 6,523 5,062 - -
Enterprise Value (EV) 1 5,039 4,558 4,409 6,982 5,167 3,866 3,753 3,683
P/E ratio 26.5 x 22.7 x 20.8 x 22.1 x 19.8 x 12.8 x 13.1 x 12.2 x
Yield 1.89% 2.2% 2.44% - 2.53% 3.92% 3.82% 4.12%
Capitalization / Revenue 2.15 x 1.95 x 1.62 x 1.73 x 1.7 x 1.31 x 1.2 x 1.14 x
EV / Revenue 1.63 x 1.3 x 1.14 x 1.73 x 1.35 x 1 x 0.89 x 0.83 x
EV / EBITDA 11.2 x 8 x 7.3 x 11.5 x 8.5 x 6.89 x 6.6 x 5.99 x
EV / FCF 20.1 x 19.3 x 25.6 x - - 17.1 x 14.7 x 12.3 x
FCF Yield 4.97% 5.17% 3.91% - - 5.86% 6.79% 8.15%
Price to Book 1.85 x 1.76 x 1.6 x - 1.8 x 1.43 x 1.3 x 1.25 x
Nbr of stocks (in thousands) 1,074,144 1,074,139 1,047,748 1,043,639 1,043,666 1,043,655 - -
Reference price 2 6.190 6.380 5.970 6.690 6.250 4.850 4.850 4.850
Announcement Date 20-03-19 21-03-18 22-03-22 23-03-27 24-03-26 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,088 3,519 3,866 4,025 3,833 3,855 4,216 4,436
EBITDA 1 451.2 570 604.1 606.9 607.8 561 569 615
EBIT 1 358.1 453 456 496.7 483.9 507 493 522.7
Operating Margin 11.6% 12.87% 11.79% 12.34% 12.62% 13.15% 11.69% 11.78%
Earnings before Tax (EBT) 1 352.6 433.9 441.6 468.9 457 544 519 557.3
Net income 1 251 301.9 303.8 316.5 330.2 392 386.6 416.6
Net margin 8.13% 8.58% 7.86% 7.86% 8.61% 10.17% 9.17% 9.39%
EPS 2 0.2336 0.2810 0.2874 0.3032 0.3163 0.3800 0.3705 0.3990
Free Cash Flow 1 250.6 235.7 172.2 - - 226.4 255 300.2
FCF margin 8.11% 6.7% 4.45% - - 5.87% 6.05% 6.77%
FCF Conversion (EBITDA) 55.53% 41.35% 28.51% - - 40.37% 44.81% 48.82%
FCF Conversion (Net income) 99.84% 78.07% 56.69% - - 57.77% 65.95% 72.07%
Dividend per Share 2 0.1170 0.1405 0.1456 - 0.1582 0.1900 0.1852 0.1997
Announcement Date 20-03-19 21-03-18 22-03-22 23-03-27 24-03-26 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q3 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,735 - 1,008 971.3 1,049 943.1 1,024 904.9 1,027 - 920 1,054 918 999
EBITDA - - - - - - - - - - - - - -
EBIT 1 - - 135.8 91.26 107 126.1 154 85.71 140.7 - 100 138 126 152
Operating Margin - - 13.48% 9.39% 10.21% 13.37% 15.03% 9.47% 13.7% - 10.87% 13.09% 13.73% 15.22%
Earnings before Tax (EBT) 1 - - - 110.6 109.9 114.6 149.8 - 137.8 - 109 147 131 159
Net income 1 178.4 - - 74.6 72.36 79.25 110.5 61.2 98.67 117.9 80 105 94 117
Net margin 10.28% - - 7.68% 6.9% 8.4% 10.79% 6.76% 9.61% - 8.7% 9.96% 10.24% 11.71%
EPS 2 - 0.0565 - 0.0710 0.0693 0.0759 0.1059 - 0.0945 0.1130 0.0800 0.1000 0.0900 0.1100
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 20-08-31 21-11-05 22-03-22 22-08-30 22-11-10 23-03-27 23-05-10 23-08-30 23-11-09 24-05-13 - - - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,610 2,295 1,846 - 1,356 1,196 1,309 1,379
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 251 236 172 - - 226 255 300
ROE (net income / shareholders' equity) 7.1% 8.07% 7.74% - 9.19% 9.53% 9.67% 9.85%
ROA (Net income/ Total Assets) 5.53% 6.15% 5.82% - 7.11% 7.9% 7.56% 7.78%
Assets 1 4,538 4,909 5,222 - 4,642 4,962 5,112 5,357
Book Value Per Share 2 3.340 3.630 3.740 - 3.480 3.390 3.740 3.880
Cash Flow per Share 2 0.4300 0.4700 0.4100 - - 0.3300 0.3500 -
Capex 1 209 266 263 - - 279 259 215
Capex / Sales 6.77% 7.56% 6.8% - - 7.24% 6.14% 4.85%
Announcement Date 20-03-19 21-03-18 22-03-22 23-03-27 24-03-26 - - -
1HKD in Million2HKD
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
4
Last Close Price
4.85 HKD
Average target price
6.308 HKD
Spread / Average Target
+30.05%
Consensus
  1. Stock Market
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  3. 1475 Stock
  4. Financials Nissin Foods Company Limited