Financials Nippon Steel Corporation Deutsche Boerse AG

Equities

NPS

JP3381000003

Iron & Steel

Real-time Estimate Tradegate 12:07:35 02/07/2024 BST 5-day change 1st Jan Change
19.99 EUR +1.43% Intraday chart for Nippon Steel Corporation -0.05% -3.52%

Valuation

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 852,007 1,737,026 1,998,946 2,873,054 3,377,556 3,222,720 - -
Enterprise Value (EV) 1 3,051,289 3,936,792 4,101,246 4,901,994 5,640,307 5,492,934 5,252,764 4,957,335
P/E ratio -1.97 x -53.6 x 3.14 x 4.14 x 6.15 x 7.63 x 5.83 x 5.19 x
Yield 1.08% 0.53% 7.37% 5.77% 4.36% 4.69% 5.03% 5.7%
Capitalization / Revenue 0.14 x 0.36 x 0.29 x 0.36 x 0.38 x 0.36 x 0.33 x 0.32 x
EV / Revenue 0.52 x 0.82 x 0.6 x 0.61 x 0.64 x 0.61 x 0.55 x 0.5 x
EV / EBITDA 272 x 9.82 x 3.18 x 4.01 x 4.94 x 5.06 x 4 x 3.52 x
EV / FCF 20.5 x 278 x 17.3 x 25.6 x 18.8 x 345 x 17 x 10.9 x
FCF Yield 4.87% 0.36% 5.77% 3.9% 5.31% 0.29% 5.88% 9.13%
Price to Book 0.32 x 0.63 x 0.58 x 0.69 x 0.71 x 0.65 x 0.6 x 0.55 x
Nbr of stocks (in thousands) 920,690 920,767 920,749 920,851 920,817 932,500 - -
Reference price 2 925.4 1,886 2,171 3,120 3,668 3,456 3,456 3,456
Announcement Date 08/05/20 07/05/21 10/05/22 10/05/23 09/05/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 5,921,525 4,829,272 6,808,890 7,975,586 8,868,097 9,041,284 9,636,367 9,971,971
EBITDA 1 11,220 400,900 1,290,200 1,223,817 1,141,664 1,085,180 1,312,822 1,407,698
EBIT 1 -406,119 11,381 840,901 883,646 778,662 685,033 889,367 948,600
Operating Margin -6.86% 0.24% 12.35% 11.08% 8.78% 7.58% 9.23% 9.51%
Earnings before Tax (EBT) 1 -423,572 -8,656 816,583 866,849 763,972 599,797 803,784 915,796
Net income 1 -431,513 -32,432 637,321 694,016 549,372 427,977 560,084 628,079
Net margin -7.29% -0.67% 9.36% 8.7% 6.19% 4.73% 5.81% 6.3%
EPS 2 -468.7 -35.22 692.2 753.7 596.6 453.2 592.4 666.2
Free Cash Flow 1 148,703 14,150 236,700 191,256 299,505 15,900 308,940 452,775
FCF margin 2.51% 0.29% 3.48% 2.4% 3.38% 0.18% 3.21% 4.54%
FCF Conversion (EBITDA) 1,325.34% 3.53% 18.35% 15.63% 26.23% 1.47% 23.53% 32.16%
FCF Conversion (Net income) - - 37.14% 27.56% 54.52% 3.72% 55.16% 72.09%
Dividend per Share 2 10.00 10.00 160.0 180.0 160.0 162.2 174.0 197.1
Announcement Date 08/05/20 07/05/21 10/05/22 10/05/23 09/05/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 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 2026 Q1
Net sales 1 2,241,992 2,587,280 3,163,943 1,778,538 1,866,409 3,644,947 1,919,181 1,955,225 3,874,406 2,087,276 2,013,904 4,101,180 2,199,786 2,212,635 4,412,421 2,229,395 2,226,281 4,455,676 2,212,494 2,252,726 4,400,000 2,275,235 2,253,879 2,242,921
EBITDA 1 - - - 350,100 300,800 - 420,432 286,500 - 305,900 210,957 - 335,998 - - 290,200 254,344 - 338,285 347,605 - 350,434 162,387 327,611
EBIT 1 -148,810 160,191 428,398 299,738 112,765 - 338,873 202,879 541,752 220,092 121,802 341,894 248,700 175,094 423,794 194,889 159,979 - 200,152 179,526 138,000 216,669 105,320 235,548
Operating Margin -6.64% 6.19% 13.54% 16.85% 6.04% - 17.66% 10.38% 13.98% 10.54% 6.05% 8.34% 11.31% 7.91% 9.6% 8.74% 7.19% - 9.05% 7.97% 3.14% 9.52% 4.67% 10.5%
Earnings before Tax (EBT) 1 -159,678 151,022 415,900 293,875 106,808 - 334,014 198,493 532,507 215,774 118,568 - 244,793 171,249 416,042 192,043 155,887 - 170,850 135,650 308,000 172,500 63,000 -
Net income 1 -191,164 158,732 298,727 209,167 129,427 - 230,972 141,400 372,372 144,772 176,872 - 177,064 123,171 300,235 140,679 108,458 - 106,770 97,971 211,000 109,932 92,361 159,262
Net margin -8.53% 6.14% 9.44% 11.76% 6.93% - 12.03% 7.23% 9.61% 6.94% 8.78% - 8.05% 5.57% 6.8% 6.31% 4.87% - 4.83% 4.35% 4.8% 4.83% 4.1% 7.1%
EPS 2 -207.6 172.4 324.4 227.2 140.6 - 250.8 153.6 404.4 157.2 192.1 - 192.3 133.8 326.0 152.8 117.8 - 113.6 118.0 - 119.2 208.6 173.0
Dividend per Share 2 - - 70.00 - 90.00 - - 90.00 90.00 - 90.00 - - 75.00 75.00 - 85.00 - - 85.00 - - 85.00 -
Announcement Date 06/11/20 07/05/21 02/11/21 03/02/22 10/05/22 10/05/22 04/08/22 01/11/22 01/11/22 09/02/23 10/05/23 10/05/23 04/08/23 01/11/23 01/11/23 07/02/24 09/05/24 09/05/24 - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 2,199,282 2,199,766 2,102,300 2,028,940 2,262,751 2,270,214 2,030,044 1,734,615
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 196 x 5.487 x 1.629 x 1.658 x 1.982 x 2.092 x 1.546 x 1.232 x
Free Cash Flow 1 148,703 14,150 236,700 191,256 299,505 15,900 308,940 452,775
ROE (net income / shareholders' equity) -14.7% -1.2% 20.5% 18.1% 12.3% 8.52% 10.7% 11.3%
ROA (Net income/ Total Assets) -5.47% -0.12% 10% 9.46% 7.53% 3.97% 5.4% 5.93%
Assets 1 7,892,486 28,135,681 6,371,114 7,333,453 7,292,291 10,768,206 10,378,692 10,588,349
Book Value Per Share 2 2,869 2,998 3,765 4,541 5,187 5,327 5,739 6,233
Cash Flow per Share 2 -15.40 281.0 1,051 1,123 991.0 672.0 1,047 1,066
Capex 1 460,555 459,811 466,902 470,018 466,345 476,797 528,084 531,358
Capex / Sales 7.78% 9.52% 6.86% 5.89% 5.26% 5.27% 5.48% 5.33%
Announcement Date 08/05/20 07/05/21 10/05/22 10/05/23 09/05/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
3,456 JPY
Average target price
4,035 JPY
Spread / Average Target
+16.75%
Consensus
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  5. Financials Nippon Steel Corporation