Financials NTT System S.A.

Equities

NTT

PLNTSYS00013

Computer Hardware

Delayed Warsaw S.E. 16:00:01 05/06/2024 BST 5-day change 1st Jan Change
7.5 PLN -0.79% Intraday chart for NTT System S.A. -0.27% +39.41%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 32.52 30.18 69.91 69.91 65.03 72.89
Enterprise Value (EV) 1 32.81 19.36 82.23 56.65 79.19 83.5
P/E ratio 7 x 6.53 x 8.19 x 3.91 x 3.94 x 2.97 x
Yield 4.62% 3.15% 2.91% 0.58% 1.46% -
Capitalization / Revenue 0.08 x 0.06 x 0.09 x 0.06 x 0.05 x 0.04 x
EV / Revenue 0.09 x 0.04 x 0.1 x 0.05 x 0.06 x 0.05 x
EV / EBITDA 30.8 x 2.37 x 5.4 x 2.25 x 2.56 x 2.54 x
EV / FCF 12.9 x 1.59 x -4.14 x 2.32 x -2.9 x -25.2 x
FCF Yield 7.73% 62.8% -24.2% 43% -34.5% -3.96%
Price to Book 0.24 x 0.22 x 0.49 x 0.44 x 0.37 x 0.37 x
Nbr of stocks (in thousands) 13,662 13,594 13,549 13,549 13,548 13,548
Reference price 2 2.380 2.220 5.160 5.160 4.800 5.380
Announcement Date 08/04/19 13/05/20 30/04/21 29/04/22 29/03/24 29/03/24
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 385.5 539.1 791 1,152 1,246 1,657
EBITDA 1 1.067 8.175 15.24 25.15 30.91 32.86
EBIT 1 0.505 7.698 14.7 24.37 30.06 32.28
Operating Margin 0.13% 1.43% 1.86% 2.11% 2.41% 1.95%
Earnings before Tax (EBT) 1 5.648 5.795 10.66 21.27 20.37 29.9
Net income 1 4.688 4.696 8.547 17.91 16.5 24.56
Net margin 1.22% 0.87% 1.08% 1.55% 1.32% 1.48%
EPS 2 0.3400 0.3400 0.6300 1.320 1.218 1.810
Free Cash Flow 1 2.536 12.16 -19.88 24.39 -27.32 -3.311
FCF margin 0.66% 2.26% -2.51% 2.12% -2.19% -0.2%
FCF Conversion (EBITDA) 237.72% 148.72% - 96.98% - -
FCF Conversion (Net income) 54.11% 258.89% - 136.18% - -
Dividend per Share 2 0.1100 0.0700 0.1500 0.0300 0.0700 -
Announcement Date 08/04/19 13/05/20 30/04/21 29/04/22 29/03/24 29/03/24
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 0.3 - 12.3 - 14.2 10.6
Net Cash position 1 - 10.8 - 13.3 - -
Leverage (Debt/EBITDA) 0.2774 x - 0.8083 x - 0.4582 x 0.3231 x
Free Cash Flow 1 2.54 12.2 -19.9 24.4 -27.3 -3.31
ROE (net income / shareholders' equity) 3.56% 3.47% 6.09% 11.8% 9.9% 13.3%
ROA (Net income/ Total Assets) 0.18% 2.63% 3.99% 4.77% 5.04% 4.78%
Assets 1 2,644 178.8 214.4 375.5 327.1 513.3
Book Value Per Share 2 9.750 10.10 10.60 11.80 12.80 14.50
Cash Flow per Share 2 0.8100 0.8000 1.100 1.490 2.240 1.290
Capex 1 0.2 0.3 0.74 0.31 0.28 0.71
Capex / Sales 0.05% 0.06% 0.09% 0.03% 0.02% 0.04%
Announcement Date 08/04/19 13/05/20 30/04/21 29/04/22 29/03/24 29/03/24
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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