Nomura Research Institute, Ltd.

DB:NR7 Stock Report

Market Cap: €16.2b

Nomura Research Institute Valuation

Is NR7 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NR7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€21.42
Fair Value
31.6% overvalued intrinsic discount
13
Number of Analysts

Below Fair Value: NR7 (€28.2) is trading above our estimate of fair value (€21.42)

Significantly Below Fair Value: NR7 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NR7?

Key metric: As NR7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NR7. This is calculated by dividing NR7's market cap by their current earnings.
What is NR7's PE Ratio?
PE Ratio30.2x
EarningsJP¥87.63b
Market CapJP¥2.60t

Price to Earnings Ratio vs Peers

How does NR7's PE Ratio compare to its peers?

The above table shows the PE ratio for NR7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.9x
BC8 Bechtle
15.7x7.3%€3.9b
SANT Kontron
13.2x19.4%€1.1b
NA9 Nagarro
19.5x15.7%€1.1b
COK Cancom
19.1x2.2%€772.1m
NR7 Nomura Research Institute
30.2x8.2%€2.6t

Price-To-Earnings vs Peers: NR7 is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the peer average (16.9x).

Price to Earnings Ratio vs Industry

How does NR7's PE Ratio compare vs other companies in the DE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
NR7 30.2xIndustry Avg. 17.6xNo. of Companies4PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NR7 is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the European IT industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is NR7's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NR7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.2x
Fair PE Ratio29.9x

Price-To-Earnings vs Fair Ratio: NR7 is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the estimated Fair Price-To-Earnings Ratio (29.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NR7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€28.20
€30.09
+6.7%
6.7%€33.67€26.93n/a13
Jan ’26€28.00
€30.01
+7.2%
6.7%€33.41€26.72n/a12
Dec ’25€28.60
€30.55
+6.8%
6.7%€34.00€27.20n/a12
Nov ’25€26.80
€29.88
+11.5%
8.1%€33.04€26.43n/a12
Oct ’25€32.40
€31.22
-3.6%
6.8%€34.43€28.05n/a13
Sep ’25€30.20
€30.04
-0.5%
8.0%€33.64€24.92n/a13
Aug ’25€28.40
€29.40
+3.5%
7.1%€32.80€24.75n/a13
Jul ’25€26.00
€27.72
+6.6%
7.9%€30.22€22.82n/a13
Jun ’25€24.40
€27.90
+14.4%
7.6%€30.07€22.70n/a12
May ’25€22.60
€28.06
+24.2%
6.9%€30.29€22.87n/a13
Apr ’25€25.80
€28.63
+11.0%
7.8%€31.19€23.24n/a12
Mar ’25€25.60
€28.63
+11.8%
7.8%€31.19€23.24n/a12
Feb ’25€26.40
€29.02
+9.9%
8.0%€32.07€23.90n/a12
Jan ’25€26.00
€28.53
+9.7%
6.7%€31.19€24.19€28.0012
Dec ’24€25.40
€27.30
+7.5%
8.8%€30.37€21.69€28.6013
Nov ’24€25.40
€27.51
+8.3%
8.3%€30.73€21.95€26.8014
Oct ’24€24.40
€28.05
+15.0%
8.4%€31.03€22.17€32.4014
Sep ’24€26.20
€27.26
+4.1%
8.4%€29.72€22.13€30.2015
Aug ’24€25.80
€27.44
+6.4%
11.7%€30.81€18.36€28.4016
Jul ’24€25.00
€25.95
+3.8%
11.0%€30.29€18.04€26.0016
Jun ’24€24.00
€26.48
+10.3%
10.8%€30.58€18.62€24.4016
May ’24€22.80
€27.21
+19.3%
12.6%€33.97€18.03€22.6016
Apr ’24€21.00
€27.28
+29.9%
12.5%€34.02€18.05€25.8016
Mar ’24€20.80
€27.82
+33.7%
13.3%€34.44€17.91€25.6016
Feb ’24€21.60
€29.47
+36.4%
10.0%€35.34€24.03€26.4016
Jan ’24€21.80
€29.31
+34.4%
9.7%€34.68€23.58€26.0016
Analyst Price Target
Consensus Narrative from 13 Analysts
€29.94
Fair Value
5.8% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 14:24
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nomura Research Institute, Ltd. is covered by 29 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yuki KanekoBofA Global Research
Mitsunobu TsuruoCitigroup Inc
null nullCLSA