MUN:NX8

Stock Analysis Report

Executive Summary

Sanix Incorporated engages in the sanitation business primarily in Japan.

Snowflake

Fundamentals

Moderate growth potential with imperfect balance sheet.

Share Price & News

How has Sanix's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.2%

NX8

0.3%

DE Commercial Services

1.4%

DE Market


1 Year Return

56.4%

NX8

-14.8%

DE Commercial Services

3.7%

DE Market

Return vs Industry: NX8 exceeded the German Commercial Services industry which returned -14.8% over the past year.

Return vs Market: NX8 exceeded the German Market which returned 3.7% over the past year.


Shareholder returns

NX8IndustryMarket
7 Day-4.2%0.3%1.4%
30 Day6.7%-1.1%1.3%
90 Day69.0%0.5%3.4%
1 Year56.4%56.4%-11.7%-14.8%7.0%3.7%
3 Year134.5%134.5%3.1%-5.7%18.5%8.3%
5 Year-20.5%-20.5%-4.1%-17.6%42.2%22.9%

Price Volatility Vs. Market

How volatile is Sanix's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sanix undervalued compared to its fair value and its price relative to the market?

32.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate NX8's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate NX8's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NX8 is poor value based on its PE Ratio (32.2x) compared to the Commercial Services industry average (16.2x).

PE vs Market: NX8 is poor value based on its PE Ratio (32.2x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: NX8 is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: NX8 is overvalued based on its PB Ratio (4x) compared to the DE Commercial Services industry average (2.7x).


Next Steps

Future Growth

How is Sanix forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

32.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NX8's forecast earnings growth (32.9% per year) is above the savings rate (0.2%).

Earnings vs Market: NX8's earnings (32.9% per year) are forecast to grow faster than the German market (12.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NX8's revenue (4.2% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: NX8's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if NX8's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sanix performed over the past 5 years?

50.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NX8's earnings have grown significantly by 50.9% per year over the past 5 years.

Accelerating Growth: NX8's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NX8 had negative earnings growth (-47.8%) over the past year, making it difficult to compare to the Commercial Services industry average (7.2%).


Return on Equity

High ROE: NX8's Return on Equity (12.2%) is considered low.


Return on Assets

ROA vs Industry: NX8's Return on Assets is below or equal to the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: NX8's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Sanix's financial position?


Financial Position Analysis

Short Term Liabilities: NX8's short term assets (¥14.8B) do not cover its short term liabilities (¥22.0B)

Long Term Liabilities: NX8's short term assets (14.8B) exceeds its long term liabilities (3.4B)


Debt to Equity History and Analysis

Debt Level: NX8's debt to equity ratio (238.5%) is considered high

Reducing Debt: NX8's debt to equity ratio has increased from 107.9% to 238.5% over the past 5 years.

Debt Coverage: NX8's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: NX8's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet

Inventory Level: NX8 has a high level of physical assets or inventory.

Debt Coverage by Assets: NX8's debt is covered by short term assets (assets are 1.348760x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate NX8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate NX8's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if NX8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NX8's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NX8's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Hiroshi Munemasa (44yo)

2.8yrs

Tenure

0

Mr. Hiroshi Munemasa has been the President at Sanix Incorporated since January 10,2017. Mr. Munemasa served as an Executive Vice President at Sanix Inc. since June 2014 until January 10,2017 and in charge ...


Management Age and Tenure

3.3yrs

Average Tenure

61yo

Average Age

Experienced Management: NX8's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

5.3yrs

Average Tenure

62yo

Average Age

Experienced Board: NX8's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Shigeaki Shigeta (70yo)

    Managing Executive Officer

    • Tenure: 0yrs
  • Kozo Inoue (63yo)

    Head of Overall Corporate Planning & Internal Control

    • Tenure: 5.3yrs
  • Hiroshi Munemasa (44yo)

    President & Executive Director

    • Tenure: 2.8yrs
  • Kenji Kaneko (68yo)

    Head of HS Business & ES Business

    • Tenure: 5.3yrs
  • Tetsuya Takano (51yo)

    Head of Personnel & Labor & General Affairs

    • Tenure: 7.3yrs
  • Michimasa Masuda (42yo)

    Head of Finance

    • Tenure: 7.3yrs
  • Kazushi Yamamoto (61yo)

    Head of Storage Battery System Development

    • Tenure: 5.3yrs
  • Yoshio Fuchida (59yo)

    Managing Executive Officer

    • Tenure: 0yrs
  • Nobuo Umemura (72yo)

    Head of Construction Operations & Director

    • Tenure: 0yrs

Board Members

  • Shigeaki Shigeta (70yo)

    Managing Executive Officer

    • Tenure: 0yrs
  • Kozo Inoue (63yo)

    Head of Overall Corporate Planning & Internal Control

    • Tenure: 5.3yrs
  • Hiroshi Munemasa (44yo)

    President & Executive Director

    • Tenure: 2.8yrs
  • Kenji Kaneko (68yo)

    Head of HS Business & ES Business

    • Tenure: 5.3yrs
  • Tetsuya Takano (51yo)

    Head of Personnel & Labor & General Affairs

    • Tenure: 7.3yrs
  • Michimasa Masuda (42yo)

    Head of Finance

    • Tenure: 7.3yrs
  • Kazushi Yamamoto (61yo)

    Head of Storage Battery System Development

    • Tenure: 5.3yrs
  • Isamu Kondo (64yo)

    External Director

    • Tenure: 5.3yrs
  • Yoshio Fuchida (59yo)

    Managing Executive Officer

    • Tenure: 0yrs
  • Nobuo Umemura (72yo)

    Head of Construction Operations & Director

    • Tenure: 0yrs

Company Information

Sanix Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sanix Incorporated
  • Ticker: NX8
  • Exchange: MUN
  • Founded: 1975
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: JP¥18.194b
  • Listing Market Cap: JP¥150.511m
  • Shares outstanding: 47.75m
  • Website: https://sanix.jp/lang_en/business/eb.html

Number of Employees


Location

  • Sanix Incorporated
  • 2-1-23 Hakataeki Higashi
  • Hakat
  • Fukuoka
  • Fukuoka
  • 812-0013
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
4651TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYSep 1996
NX8MUN (Boerse Muenchen)YesCommon StockDEEURSep 1996

Biography

Sanix Incorporated engages in the sanitation business primarily in Japan. It operates through Solar Engineering, Home Sanitation, Environmental Resources Development, and Establishment Sanitation divisions ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:07
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.