Financials Nittoc Construction Co., Ltd.

Equities

1929

JP3684800000

Construction & Engineering

Market Closed - Japan Exchange Other stock markets 07:00:00 15/05/2024 BST			5-day change	1st Jan Change
1,119 ^JPY	-0.18%		-2.27%	+5.47%

02-15	Nittoc Construction Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024	CI
02-15	Nittoc Construction Co., Ltd. Provides Year-End Cash Dividend Guidance for the Fiscal Year Ending March 31, 2024	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	24,860	30,782	34,619	29,320	40,538	46,694	-	-
Enterprise Value (EV) ¹	12,376	12,642	17,183	8,601	21,081	48,989	46,694	46,694
P/E ratio	9.14 x	9.45 x	9.89 x	8.81 x	11.5 x	16.6 x	11.7 x	10.7 x
Yield	5.03%	5.15%	4.34%	5.69%	4.63%	4%	4.65%	5%
Capitalization / Revenue	0.39 x	0.47 x	0.51 x	0.44 x	0.56 x	0.68 x	0.61 x	0.58 x
EV / Revenue	0.39 x	0.47 x	0.51 x	0.44 x	0.56 x	0.68 x	0.61 x	0.58 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	12,742,131 x	4,412,612 x	42,792,357 x	7,615,669 x	31,016,194 x	-	-	-
FCF Yield	0%	0%	0%	0%	0%	-	-	-
Price to Book	1.01 x	1.17 x	1.21 x	0.96 x	1.27 x	1.45 x	1.32 x	1.25 x
Nbr of stocks (in thousands)	41,711	41,711	41,710	41,707	41,706	41,729	-	-
Reference price ²	596.0	738.0	830.0	703.0	972.0	1,119	1,119	1,119
Announcement Date	08/05/19	08/05/20	07/05/21	09/05/22	10/05/23	09/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	63,264	65,516	67,955	66,076	72,918	71,880	77,000	80,000
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	3,970	4,903	5,358	4,523	5,451	4,352	6,000	6,500
Operating Margin	6.28%	7.48%	7.88%	6.85%	7.48%	6.05%	7.79%	8.12%
Earnings before Tax (EBT) ¹	4,000	4,876	5,218	4,986	5,435	4,498	6,000	6,500
Net income ¹	2,721	3,258	3,500	3,329	3,526	2,947	4,000	4,350
Net margin	4.3%	4.97%	5.15%	5.04%	4.84%	4.1%	5.19%	5.44%
EPS ²	65.24	78.12	83.93	79.83	84.56	70.64	95.90	104.3
Free Cash Flow	1,951	6,976	809	3,850	1,307	-	-	-
FCF margin	3.08%	10.65%	1.19%	5.83%	1.79%	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	71.7%	214.12%	23.11%	115.65%	37.07%	-	-	-
Dividend per Share ²	30.00	38.00	36.00	40.00	45.00	47.00	52.00	56.00
Announcement Date	08/05/19	08/05/20	07/05/21	09/05/22	10/05/23	09/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2021 S1	2022 S1	2022 Q3	2023 Q1	2023 S1	2023 Q3	2024 Q1	2024 S1	2024 Q3
Net sales ¹	28,510	30,767	29,811	18,207	14,431	32,752	21,152	16,120	34,977	19,897
EBITDA	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,834	2,047	1,374	1,924	345	2,067	2,317	256	1,566	2,035
Operating Margin	6.43%	6.65%	4.61%	10.57%	2.39%	6.31%	10.95%	1.59%	4.48%	10.23%
Earnings before Tax (EBT) ¹	1,840	2,078	1,414	1,939	434	2,134	2,175	325	1,729	1,998
Net income ¹	1,195	1,358	938	1,291	248	1,349	1,461	176	1,100	1,344
Net margin	4.19%	4.41%	3.15%	7.09%	1.72%	4.12%	6.91%	1.09%	3.14%	6.75%
EPS ²	28.66	32.57	22.49	30.97	5.960	32.35	35.03	4.230	26.37	32.22
Dividend per Share	10.00	8.000	8.000	-	-	20.00	-	-	22.00	-
Announcement Date	08/11/19	06/11/20	05/11/21	04/02/22	05/08/22	04/11/22	03/02/23	07/08/23	09/11/23	08/02/24

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	12,484	18,140	17,436	20,719	19,457	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	1,951	6,976	809	3,850	1,307	-	-	-
ROE (net income / shareholders' equity)	11.4%	12.8%	12.7%	11.3%	11.3%	9%	11.6%	12%
ROA (Net income/ Total Assets)	8.24%	9.84%	10.6%	8.92%	10.5%	8.19%	7.1%	7.4%
Assets ¹	33,024	33,116	32,982	37,307	33,737	35,978	56,338	58,784
Book Value Per Share ²	588.0	633.0	686.0	729.0	764.0	809.0	846.0	894.0
Cash Flow per Share	73.00	87.20	93.60	92.00	98.50	89.40	-	-
Capex	1,157	381	617	900	1,352	-	-	-
Capex / Sales	1.83%	0.58%	0.91%	1.36%	1.85%	-	-	-
Announcement Date	08/05/19	08/05/20	07/05/21	09/05/22	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

Ratings for Nittoc Construction Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,119 JPY

Average target price

1,300 JPY

Spread / Average Target

+16.18%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Civil Engineers & Architects

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Civil Engineers & Architects