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Nidec

DB:NIB1
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NIB1
DB
¥4,298B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Nidec Corporation manufactures and sells motors and other electronic products worldwide. The last earnings update was 26 days ago. More info.


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NIB1 Share Price and Events
7 Day Returns
-2.7%
DB:NIB1
3.3%
DE Electrical
-0.2%
DE Market
1 Year Returns
-10.9%
DB:NIB1
-23.9%
DE Electrical
-10.3%
DE Market
NIB1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nidec (NIB1) -2.7% -6.5% 9.4% -10.9% 75.4% 192.5%
DE Electrical 3.3% -1.2% -2.2% -23.9% -36.5% -30.2%
DE Market -0.2% -2.4% 4.2% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • NIB1 outperformed the Electrical industry which returned -23.9% over the past year.
Price Volatility
NIB1
Industry
5yr Volatility vs Market

Value

 Is Nidec undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nidec to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nidec.

DB:NIB1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:NIB1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.132 (1 + (1- 30.86%) (8.67%))
1.134
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.134 * 5.96%)
6.99%

Discounted Cash Flow Calculation for DB:NIB1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nidec is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:NIB1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.99%)
2019 36,741.88 Analyst x8 34,342.10
2020 79,089.83 Analyst x6 69,095.79
2021 110,697.43 Analyst x7 90,392.82
2022 127,460.40 Analyst x5 97,283.05
2023 140,115.91 Est @ 9.93% 99,957.37
2024 149,950.21 Est @ 7.02% 99,986.16
2025 157,419.94 Est @ 4.98% 98,111.08
2026 163,016.91 Est @ 3.56% 94,963.43
2027 167,185.58 Est @ 2.56% 91,030.74
2028 170,292.63 Est @ 1.86% 86,666.36
Present value of next 10 years cash flows ¥861,828.90
DB:NIB1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥170,292.63 × (1 + 0.23%) ÷ (6.99% – 0.23%)
¥2,524,915.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥2,524,915.03 ÷ (1 + 6.99%)10
¥1,284,995.11
DB:NIB1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥861,828.90 + ¥1,284,995.11
¥2,146,824.01
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥2,146,824.01 / 294.29
¥7294.83
DB:NIB1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NIB1 represents 0.00199x of TSE:6594
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00199x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 7,294.83 x 0.00199
€14.48
Value per share (EUR) From above. €14.48
Current discount Discount to share price of €29.00
= -1 x (€29.00 - €14.48) / €14.48
-100.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Nidec is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nidec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nidec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NIB1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥375.83
TSE:6594 Share Price ** TSE (2019-05-17) in JPY ¥14605
Germany Electrical Industry PE Ratio Median Figure of 10 Publicly-Listed Electrical Companies 34.54x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nidec.

DB:NIB1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6594 Share Price ÷ EPS (both in JPY)

= 14605 ÷ 375.83

38.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nidec is overvalued based on earnings compared to the DE Electrical industry average.
  • Nidec is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Nidec's expected growth come at a high price?
Raw Data
DB:NIB1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
22%per year
Germany Electrical Industry PEG Ratio Median Figure of 7 Publicly-Listed Electrical Companies 0.95x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

DB:NIB1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.86x ÷ 22%

1.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nidec is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nidec's assets?
Raw Data
DB:NIB1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥3,389.90
TSE:6594 Share Price * TSE (2019-05-17) in JPY ¥14605
Germany Electrical Industry PB Ratio Median Figure of 16 Publicly-Listed Electrical Companies 2.24x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
DB:NIB1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6594 Share Price ÷ Book Value per Share (both in JPY)

= 14605 ÷ 3,389.90

4.31x

* Primary Listing of Nidec.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nidec is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Nidec's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Nidec has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Nidec expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nidec expected to grow at an attractive rate?
  • Nidec's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Nidec's earnings growth is expected to exceed the Germany market average.
  • Nidec's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NIB1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NIB1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 22%
DB:NIB1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 8.2%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 67.8%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:NIB1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NIB1 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,314,000 1
2023-03-31 2,160,000 1
2022-03-31 1,992,890 286,680 219,860 8
2021-03-31 1,799,465 243,596 185,034 17
2020-03-31 1,636,905 206,670 148,743 16
DB:NIB1 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,518,320 170,233 110,798
2018-12-31 1,536,475 179,677 140,664
2018-09-30 1,549,804 197,674 150,523
2018-06-30 1,528,764 176,108 140,675
2018-03-31 1,488,090 175,568 131,434
2017-12-31 1,437,004 160,258 123,374
2017-09-30 1,351,171 107,602 120,334
2017-06-30 1,266,196 136,855 117,056
2017-03-31 1,199,311 129,853 111,007
2016-12-31 1,151,165 137,175 102,036
2016-09-30 1,154,968 174,513 93,182
2016-06-30 1,169,455 163,672 88,722

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nidec's earnings are expected to grow significantly at over 20% yearly.
  • Nidec's revenue is expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NIB1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Nidec Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NIB1 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 725.22 812.73 567.46 9.00
2021-03-31 627.58 697.60 553.90 17.00
2020-03-31 507.16 549.60 478.36 16.00
DB:NIB1 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 375.83
2018-12-31 476.43
2018-09-30 509.06
2018-06-30 475.29
2018-03-31 443.94
2017-12-31 416.51
2017-09-30 406.07
2017-06-30 394.83
2017-03-31 374.27
2016-12-31 344.02
2016-09-30 313.76
2016-06-30 298.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nidec is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nidec's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nidec has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Nidec performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nidec's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nidec's year on year earnings growth rate has been positive over the past 5 years.
  • Nidec's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Nidec's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
Nidec's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nidec Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NIB1 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,518,320.00 110,798.00 142,426.00 62,912.00
2018-12-31 1,536,475.00 140,664.00 136,715.00 59,627.00
2018-09-30 1,549,804.00 150,523.00 135,882.00 57,537.00
2018-06-30 1,528,764.00 140,675.00 134,717.00 57,360.00
2018-03-31 1,488,090.00 131,434.00 133,091.00 55,438.00
2017-12-31 1,437,004.00 123,374.00 128,934.00 55,053.00
2017-09-30 1,351,171.00 120,334.00 117,400.00 53,994.00
2017-06-30 1,266,196.00 117,056.00 105,223.00 53,391.00
2017-03-31 1,199,311.00 111,007.00 92,897.00 52,807.00
2016-12-31 1,151,165.00 102,036.00 89,311.00 51,031.00
2016-09-30 1,154,968.00 93,182.00 90,377.00 52,159.00
2016-06-30 1,169,455.00 88,722.00 95,661.00 52,984.00
2016-03-31 1,178,290.00 89,945.00 98,460.00 51,978.00
2015-12-31 1,169,972.00 87,510.00 95,512.00 51,297.00
2015-09-30 1,126,226.00 86,159.00 92,411.00 48,423.00
2015-06-30 1,073,238.00 81,693.00 87,693.00 46,058.00
2015-03-31 1,028,385.00 76,015.00 85,781.00 45,179.00
2014-12-31 982,150.00 71,250.00 84,726.00 42,727.00
2014-09-30 934,986.00 65,882.00 81,589.00 40,982.00
2014-06-30 904,021.00 60,499.00 78,927.00 39,283.00
2014-03-31 875,109.00 56,272.00 77,534.00 37,808.00
2013-12-31 832,785.00 23,946.00 94,514.00 38,575.00
2013-09-30 785,364.00 8,890.00 94,494.00 37,894.00
2013-06-30 741,525.00 8,050.00 89,894.00 36,078.00
2013-03-31 709,270.00 7,986.00 84,760.00 34,278.00
2012-12-31 690,257.00 42,576.00 81,978.00 31,931.00
2012-09-30 678,569.00 50,807.00 58,971.00 30,498.00
2012-06-30 684,707.00 48,895.00 58,746.00 30,139.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nidec has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nidec used its assets more efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Nidec's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nidec's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nidec has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Nidec's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nidec's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nidec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nidec's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nidec's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nidec Company Filings, last reported 1 month ago.

DB:NIB1 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,015,714.00 372,761.00 242,962.00
2018-12-31 1,002,645.00 384,727.00 262,264.00
2018-09-30 1,021,013.00 376,546.00 278,488.00
2018-06-30 974,256.00 381,709.00 290,115.00
2018-03-31 942,978.00 345,797.00 267,665.00
2017-12-31 959,264.00 384,688.00 299,560.00
2017-09-30 926,984.00 385,390.00 289,492.00
2017-06-30 876,892.00 412,030.00 328,706.00
2017-03-31 855,806.00 412,431.00 324,531.00
2016-12-31 842,314.00 280,994.00 320,054.00
2016-09-30 733,535.00 268,074.00 301,215.00
2016-06-30 715,164.00 294,714.00 286,500.00
2016-03-31 771,369.00 300,667.00 307,952.00
2015-12-31 805,733.00 313,760.00 324,931.00
2015-09-30 793,175.00 288,143.00 286,606.00
2015-06-30 784,647.00 290,143.00 271,828.00
2015-03-31 753,099.00 282,498.00 269,902.00
2014-12-31 674,700.00 361,360.00 288,567.00
2014-09-30 604,329.00 358,371.00 277,278.00
2014-06-30 543,780.00 355,040.00 249,835.00
2014-03-31 540,793.00 351,256.00 247,740.00
2013-12-31 539,747.00 328,001.00 236,614.00
2013-09-30 492,696.00 312,491.00 216,889.00
2013-06-30 479,381.00 327,603.00 214,139.00
2013-03-31 453,817.00 312,697.00 193,420.00
2012-12-31
2012-09-30 402,814.00 252,576.00 118,077.00
2012-06-30 400,778.00 242,512.00 119,190.00
  • Nidec's level of debt (36.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (65% vs 36.7% today).
  • Debt is well covered by operating cash flow (45.7%, greater than 20% of total debt).
  • Nidec earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Nidec's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nidec has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Nidec's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.75%
Current annual income from Nidec dividends. Estimated to be 0.9% next year.
If you bought €2,000 of Nidec shares you are expected to receive €15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nidec's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Nidec's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NIB1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:NIB1 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 150.13 8.00
2021-03-31 137.29 17.00
2020-03-31 117.82 18.00
DB:NIB1 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-23 110.000 0.727
2019-02-13 110.000 0.781
2019-01-23 110.000 0.853
2018-11-13 110.000 0.824
2018-10-23 100.000 0.702
2018-06-21 100.000 0.626
2018-04-24 100.000 0.583
2018-02-13 100.000 0.603
2018-01-24 100.000 0.580
2017-11-13 100.000 0.621
2017-10-24 100.000 0.653
2017-05-24 90.000 0.727
2017-02-13 90.000 0.859
2017-01-24 90.000 0.845
2016-11-11 90.000 0.876
2016-10-24 90.000 0.901
2016-06-22 80.000 0.907
2016-04-25 80.000 0.983
2016-02-12 80.000 1.045
2016-01-21 80.000 1.033
2015-11-13 80.000 0.906
2015-10-21 80.000 0.865
2015-06-25 80.000 0.855
2015-04-22 80.000 0.886
2015-02-13 60.000 0.746
2015-01-22 80.000 0.988
2014-11-17 60.000 0.762
2014-10-22 60.000 0.837
2014-06-26 55.000 0.818
2014-04-22 55.000 0.932
2014-01-22 50.000 0.834
2013-11-19 45.000 0.906
2013-10-22 45.000 0.980
2013-07-19 42.500 1.062
2013-04-23 42.500 1.260
2013-02-13 45.000 1.627
2012-11-16 45.000 1.758
2012-10-24 50.000 1.869
2012-07-24 47.500 1.613
2012-04-24 47.500 1.474
2012-02-17 45.000 1.213
2012-01-24 45.000 1.216
2011-11-15 45.000 1.320
2011-10-25 45.000 1.384
2011-07-22 45.000 1.393
2011-04-25 45.000 1.223
2011-01-25 45.000 1.225
2010-10-26 40.000 0.959
2010-07-23 40.000 1.067
2010-04-26 40.000 0.959
2010-01-28 30.000 0.651
2009-10-26 25.000 0.624
2009-07-24 25.000 0.722

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nidec is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Nidec is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Nidec's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Nidec's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nidec's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nidec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nidec has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Nidec's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shigenobu Nagamori
AGE 74
TENURE AS CEO 45.8 years
CEO Bio

Mr. Shigenobu Nagamori Founded Nidec Corporation in July 1973 and has been its Chairman, Chief Executive Officer since July 1973 and served as its President from 1973 until June 20, 2018. Mr. Nagamori has been the Chief Executive Officer and Chairman of Nidec-Read Corporation since July 1973 and March 1997. Mr. Nagamori has been the Chief Adviser of Sankyo Seiki Mfg. Co., Ltd. (now Nidec Sankyo Corporation) since October 2003 and Chairman of the Board since June 2009. He served as a General Manager of Technology and Development Division at Nidec Copal Corporation since April 1999 and Chairman of the Board from September 2004 to June 2013. He served as the Chief Executive Officer of Nidec Sankyo Corporation. He served as the Chairman of the Board, Chief Executive Officer and President of Nidec Servo Corporation. He has been the Chairman of the Board of Nidec-Shimpo Corporation since June 2013. He has been the Chairman of Nidec Total Service Corporation since May 1990, Nidec Shinpo Corporation since June 1995, Nidec Precision (Dalian) Limited since 2000, Nidec System Engineering (Zhejiang) Corporation since 2002, Nidec Copal Electronics Corporation since September 2002 and Nidec Power Motor Corporation since March 2000. He serves as the Chairman of the Board of Nidec (Zhejiang) Corporation, Nidec America Corporation, Nidec Nissin Corporation, Nidec Machinery Corporation, Nidecpotrans Corporation, Nidec Johnson Electric Corporation, Nidecpower Motor Corporation, Nidec (Dalian) Limited, Nidec Tosok Corporation, Sankyo Shoji Co., Ltd., Sankyo Total Service Co., Ltd., Sankyo Logistics Corporation, Tokyo Pigeon Co., Ltd., Nissin Kohki Co., Ltd., and Nidec Motors & Actuators SA. He served as Chairman of Nidec Nemicon Corporation since 1999. Previously, he served as the Chairman of Nidec-Kyori Corporation since 1997, Nidec Tosok Corporation since June 1997 and Nidec Shibaura (Zhejiang) Co., Ltd. since June 1999. He served as the Chairman of Nidec-Shimpo America Corporation since 1996. He has been a Member of the Board of Directors at Nidec-Read Corporation since July 1973. He has been a Representative Director at Nidec Corporation since July 1973. He serves as a Director of Nippon Venture Capital Co., Ltd. He served as an External Director of SoftBank Group Corp. since June 2014 until September 30, 2017. Since 1996, he served as an Honorary Representative Director/Director of Koyo Nidec (Dalian) Precision Bearings Co., Ltd. He served as a Director at Nidec Copal Corporation until June 2013.

CEO Compensation
  • Insufficient data for Shigenobu to compare compensation growth.
  • Insufficient data for Shigenobu to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Nidec management team in years:

3.5
Average Tenure
64
Average Age
  • The tenure for the Nidec management team is about average.
Management Team

Shigenobu Nagamori

TITLE
Founder
AGE
74
TENURE
45.8 yrs

Hiroshi Kobe

TITLE
Vice Chairman and Chief Sales Officer
AGE
69
TENURE
3.9 yrs

Mikio Katayama

TITLE
Vice Chairman & CTO
AGE
61
TENURE
4.6 yrs

Hiroyuki Yoshimoto

TITLE
COO, President & Representative Director
AGE
51
TENURE
0.9 yrs

Akira Sato

TITLE
Executive VP
AGE
64
TENURE
3 yrs

Maki Okajima

TITLE
VP & Chief Information Officer
TENURE
1.3 yrs

Go Watanabe

TITLE
CAO, Chief Compliance Officer
TENURE
1.3 yrs

Masahiro Nagayasu

TITLE
General Manager of Investor Relations Department
TENURE
11.2 yrs

Masahiro Hishida

TITLE
First SVP and GM of Global Business Promotion & Marketing Division
AGE
64

Takeaki Ishii

TITLE
Senior VP & In charge of Managing Risk Mgt Office
AGE
59
Board of Directors Tenure

Average tenure and age of the Nidec board of directors in years:

4.3
Average Tenure
63.5
Average Age
  • The tenure for the Nidec board of directors is about average.
Board of Directors

Shigenobu Nagamori

TITLE
Founder
AGE
74
TENURE
45.8 yrs

Hiroshi Kobe

TITLE
Vice Chairman and Chief Sales Officer
AGE
69
TENURE
3.9 yrs

Mikio Katayama

TITLE
Vice Chairman & CTO
AGE
61
TENURE
4.6 yrs

Hiroyuki Yoshimoto

TITLE
COO, President & Representative Director
AGE
51
TENURE
1.9 yrs

Akira Sato

TITLE
Executive VP
AGE
64
TENURE
6.9 yrs

Toshihiko Miyabe

TITLE
Executive VP & Director
AGE
60
TENURE
6.9 yrs

Teiichi Sato

TITLE
Outside Member of the Board of Directors
TENURE
0.9 yrs

Osamu Shimizu

TITLE
Outside Member of the Board of Directors
TENURE
0.9 yrs

Ryuichi Tanabe

TITLE
Outside Audit & Supervisory Board Member
AGE
70
TENURE
7.9 yrs

Kazuya Murakami

TITLE
Fulltime Audit & Supervisory Board Member
AGE
63
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Nidec's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nidec has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Nidec Corporation manufactures and sells motors and other electronic products worldwide. It offers brushless DC, brush DC, induction, SR, synchronous, servo, and stepping motors, as well as drive circuits; fans and blowers, such as DC axial flow, DC blower, and AC axial flow fans; and machinery, including inspection and measuring systems, automation units, control equipment, marking devices, and optical devices. The company also provides electronic and optical components comprising mechanical system components, optical system units, sensors, and electronic system components; special motors, including pump, vibration, multifunction hybrid, and hard disk drive motors, as well as motor drive units, polygon laser scanners, and diaphragm and medical pumps; automotive components; and other products that include music boxes and pottery craftwork equipment. The company’s products have applications in the information and telecommunications equipment, office equipment, home appliances, automobiles, industrial equipment, and environmental energy industries. In addition, it engages in the provision of insurance services; leasing and management of real-estate properties; sale of various range of products; operation of company stores; loan and lease business; and contract business related to temporary staffing, hotel business, sales of beverages, and others. Nidec Corporation was founded in 1973 and is headquartered in Kyoto, Japan.

Details
Name: Nidec Corporation
NIB1
Exchange: DB
Founded: 1973
¥35,029,596,205
294,293,922
Website: http://www.nidec.com
Address: Nidec Corporation
338 Kuzetonoshiro-cho,
Minami-ku,
Kyoto,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6594 Common Stock The Tokyo Stock Exchange JP JPY 08. Mar 1990
OTCPK NNDN.F Common Stock Pink Sheets LLC US USD 08. Mar 1990
DB NIB Common Stock Deutsche Boerse AG DE EUR 08. Mar 1990
BMV NIDEC N Common Stock Bolsa Mexicana de Valores MX MXN 08. Mar 1990
OTCPK NJDC.Y SPONSORED ADR Pink Sheets LLC US USD 27. Sep 2001
DB NIB1 SPONSORED ADR Deutsche Boerse AG DE EUR 27. Sep 2001
Number of employees
Current staff
Staff numbers
107,554
Nidec employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 21:50
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/04/23
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.