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4243

NixJASDAQ:4243 Stock Report

Market Cap

JP¥2.0b

7D

0.3%

1Y

-17.8%

Updated

23 Sep, 2021

Data

Company Financials
4243 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends3/6

4243 Overview

Nix, Inc. develops, manufactures, and sells precision engineering plastics parts, mechanical products, and fasteners primarily in Japan and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Nix
Historical stock prices
Current Share PriceJP¥865.00
52 Week HighJP¥726.00
52 Week LowJP¥1,364.00
Beta0.58
1 Month Change-4.95%
3 Month Change1.29%
1 Year Change-17.78%
3 Year Change5.75%
5 Year Change13.52%
Change since IPO-15.11%

Recent News & Updates

May 04
Something To Consider Before Buying Nix, Inc. (TYO:4243) For The 1.0% Dividend

Something To Consider Before Buying Nix, Inc. (TYO:4243) For The 1.0% Dividend

Dividend paying stocks like Nix, Inc. ( TYO:4243 ) tend to be popular with investors, and for good reason - some...

Mar 12
Is Nix (TYO:4243) A Risky Investment?

Is Nix (TYO:4243) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

4243JP MachineryJP Market
7D0.3%-3.7%-2.2%
1Y-17.8%26.4%23.6%

Return vs Industry: 4243 underperformed the JP Machinery industry which returned 26.4% over the past year.

Return vs Market: 4243 underperformed the JP Market which returned 23.6% over the past year.

Price Volatility

Is 4243's price volatile compared to industry and market?
4243 volatility
4243 Beta0.58
Industry Beta1.12
Market Beta1

Stable Share Price: 4243 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 4243's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1953176Kazuhide Aokihttps://www.nix.co.jp

Nix, Inc. develops, manufactures, and sells precision engineering plastics parts, mechanical products, and fasteners primarily in Japan and internationally. The company offers wiring clamps, including recycle fasteners, wiring clamps for single/bundled cables, wiring clamps for flat cables, cable extracting area fixtures, edge treatment products, harness protection tubes, print circuit board accessories, connecting parts, case legs, and locking hole plugs; and mechanical plastic components, such as door latches, dampers, pop in-out mechanisms for IH/microwave oven, racks and pinions, gear units, and torque hinges, log catch mags, and catch mags. It also provides cable markers comprising clip sleeves for UTP cables and general purpose cable markers; and header CCH type and CCH fitting straight series products, as well as protection cap, elbow fitting, pi-type split flow T-S shape, Y-type split flow T-S shape, and U-type header products under the MAXIN JOINT name.

Nix Fundamentals Summary

How do Nix's earnings and revenue compare to its market cap?
4243 fundamental statistics
Market CapJP¥2.01b
Earnings (TTM)JP¥72.00m
Revenue (TTM)JP¥3.75b

27.9x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4243 income statement (TTM)
RevenueJP¥3.75b
Cost of RevenueJP¥2.16b
Gross ProfitJP¥1.59b
ExpensesJP¥1.52b
EarningsJP¥72.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 10, 2021

Earnings per share (EPS)31.01
Gross Margin42.37%
Net Profit Margin1.92%
Debt/Equity Ratio13.9%

How did 4243 perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

16%

Payout Ratio

Does 4243 pay a reliable dividends?

See 4243 dividend history and benchmarks
When do you need to buy 4243 by to receive an upcoming dividend?
Nix dividend dates
Ex Dividend DateSep 29 2021
Dividend Pay DateDec 21 2021
Days until Ex dividend5 days
Days until Dividend pay date88 days

Does 4243 pay a reliable dividends?

See 4243 dividend history and benchmarks

Valuation

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

27.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 4243 (¥865) is trading above our estimate of fair value (¥330.61)

Significantly Below Fair Value: 4243 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 4243 is poor value based on its PE Ratio (27.9x) compared to the JP Machinery industry average (14.2x).

PE vs Market: 4243 is poor value based on its PE Ratio (27.9x) compared to the JP market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 4243's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4243 is good value based on its PB Ratio (0.6x) compared to the JP Machinery industry average (0.9x).


Future Growth

How is Nix forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.7%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nix has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Nix performed over the past 5 years?

-14.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4243 has a large one-off loss of ¥78.0M impacting its June 30 2021 financial results.

Growing Profit Margin: 4243's current net profit margins (1.9%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: 4243's earnings have declined by 14.6% per year over the past 5 years.

Accelerating Growth: 4243's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 4243 had negative earnings growth (-52.3%) over the past year, making it difficult to compare to the Machinery industry average (12.3%).


Return on Equity

High ROE: 4243's Return on Equity (2%) is considered low.


Financial Health

How is Nix's financial position?


Financial Position Analysis

Short Term Liabilities: 4243's short term assets (¥3.4B) exceed its short term liabilities (¥1.1B).

Long Term Liabilities: 4243's short term assets (¥3.4B) exceed its long term liabilities (¥881.0M).


Debt to Equity History and Analysis

Debt Level: 4243's debt to equity ratio (13.9%) is considered satisfactory.

Reducing Debt: 4243's debt to equity ratio has reduced from 19.6% to 13.9% over the past 5 years.

Debt Coverage: 4243's debt is well covered by operating cash flow (26.4%).

Interest Coverage: 4243 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Nix current dividend yield, its reliability and sustainability?

1.73%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 24 2021Ex Dividend DateSep 29 2021Dividend Pay DateDec 21 202183 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 4243's dividend (1.73%) is higher than the bottom 25% of dividend payers in the JP market (1.31%).

High Dividend: 4243's dividend (1.73%) is low compared to the top 25% of dividend payers in the JP market (3.01%).


Stability and Growth of Payments

Stable Dividend: 4243's dividend payments have been volatile in the past 10 years.

Growing Dividend: 4243's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.1%), 4243's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average board tenure


CEO

Kazuhide Aoki (47 yo)

no data

Tenure

Mr. Kazuhide Aoki serves as the President of Nix, Inc. and as its Chief Executive Officer since March 2021. Mr. Aoki served as Vice President of Nix, Inc. since November 2004. Mr. Aoki served as a General...


Board Members

Experienced Board: 4243's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Nix, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nix, Inc.
  • Ticker: 4243
  • Exchange: JASDAQ
  • Founded: 1953
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: JP¥2.009b
  • Shares outstanding: 2.32m
  • Website: https://www.nix.co.jp

Number of Employees


Location

  • Nix, Inc.
  • Queen’s Tower B
  • 8th Floor
  • Yokohama
  • Kanagawa
  • 220-6108
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 08:02
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
Annual Earnings2020/09/30


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.