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9759

NSD TSE:9759 Stock Report

Last Price

JP¥2.46k

Market Cap

JP¥190.1b

7D

-1.2%

1Y

22.4%

Updated

02 Oct, 2022

Data

Company Financials +
9759 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends5/6

9759 Stock Overview

NSD Co., Ltd., a systems integrator, provides IT solutions in Japan.

NSD Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NSD
Historical stock prices
Current Share PriceJP¥2,461.00
52 Week HighJP¥2,616.00
52 Week LowJP¥1,892.00
Beta0.59
1 Month Change0.29%
3 Month Change2.03%
1 Year Change22.44%
3 Year Change54.54%
5 Year Change139.63%
Change since IPO131.62%

Recent News & Updates

Shareholder Returns

9759JP ITJP Market
7D-1.2%-1.1%-3.9%
1Y22.4%-14.6%-8.2%

Return vs Industry: 9759 exceeded the JP IT industry which returned -14.6% over the past year.

Return vs Market: 9759 exceeded the JP Market which returned -8.2% over the past year.

Price Volatility

Is 9759's price volatile compared to industry and market?
9759 volatility
9759 Average Weekly Movement3.0%
IT Industry Average Movement4.3%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.4%
10% least volatile stocks in JP Market1.8%

Stable Share Price: 9759 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 9759's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19693,560Yoshikazu Imajohttps://www.nsd.co.jp

NSD Co., Ltd., a systems integrator, provides IT solutions in Japan. The company offers system analysis and design services; develops software programs; and administers facilities management, as well as sells packaged software and solutions. It also provides integrated solutions, such as system design, development, operation, and maintenance services; and system solutions.

NSD Fundamentals Summary

How do NSD's earnings and revenue compare to its market cap?
9759 fundamental statistics
Market CapJP¥190.14b
Earnings (TTM)JP¥8.03b
Revenue (TTM)JP¥72.90b

23.7x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9759 income statement (TTM)
RevenueJP¥72.90b
Cost of RevenueJP¥56.63b
Gross ProfitJP¥16.27b
Other ExpensesJP¥8.24b
EarningsJP¥8.03b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 31, 2022

Earnings per share (EPS)103.91
Gross Margin22.32%
Net Profit Margin11.01%
Debt/Equity Ratio0.0%

How did 9759 perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

51%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9759 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9759?

Other financial metrics that can be useful for relative valuation.

9759 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.2x
Enterprise Value/EBITDA12.7x
PEG Ratio3.1x

Price to Earnings Ratio vs Peers

How does 9759's PE Ratio compare to its peers?

9759 PE Ratio vs Peers
The above table shows the PE ratio for 9759 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.5x
1973 NEC Networks & System Integration
16.9x12.8%JP¥234.3b
7518 Net One Systems
20.8x11.2%JP¥231.5b
4722 Future
17.1xn/aJP¥140.2b
19.1x5.9%JP¥149.9b
23.7x7.6%JP¥190.1b

Price-To-Earnings vs Peers: 9759 is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the peer average (18.5x).


Price to Earnings Ratio vs Industry

How does 9759's PE Ratio compare vs other companies in the JP IT Industry?

Price-To-Earnings vs Industry: 9759 is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the JP IT industry average (16.9x)


Price to Earnings Ratio vs Fair Ratio

What is 9759'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.

9759 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.7x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: 9759 is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).


Share Price vs Fair Value

What is the Fair Price of 9759 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9759 (¥2461) is trading below our estimate of fair value (¥3090.28)

Significantly Below Fair Value: 9759 is trading below fair value by more than 20%.


Analyst Price Targets

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

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


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Future Growth

How is NSD forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9759's forecast earnings growth (7.6% per year) is above the savings rate (0.04%).

Earnings vs Market: 9759's earnings (7.6% per year) are forecast to grow slower than the JP market (8.6% per year).

High Growth Earnings: 9759's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9759's revenue (5.9% per year) is forecast to grow faster than the JP market (4.2% per year).

High Growth Revenue: 9759's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9759's Return on Equity is forecast to be low in 3 years time (15.7%).


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Past Performance

How has NSD performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9759 has high quality earnings.

Growing Profit Margin: 9759's current net profit margins (11%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: 9759's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: 9759's earnings growth over the past year (21.8%) exceeds its 5-year average (8.6% per year).

Earnings vs Industry: 9759 earnings growth over the past year (21.8%) exceeded the IT industry 17.3%.


Return on Equity

High ROE: 9759's Return on Equity (16.3%) is considered low.


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Financial Health

How is NSD's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 9759's short term assets (¥44.9B) exceed its short term liabilities (¥8.0B).

Long Term Liabilities: 9759's short term assets (¥44.9B) exceed its long term liabilities (¥2.0B).


Debt to Equity History and Analysis

Debt Level: 9759 is debt free.

Reducing Debt: 9759 has not had any debt for past 5 years.

Debt Coverage: 9759 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 9759 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.19%

Current Dividend Yield

Dividend Yield vs Market

NSD Dividend Yield vs Market
How does NSD dividend yield compare to the market?
SegmentDividend Yield
Company (NSD)2.2%
Market Bottom 25% (JP)1.7%
Market Top 25% (JP)3.8%
Industry Average (IT)1.7%
Analyst forecast in 3 Years (NSD)2.5%

Notable Dividend: 9759's dividend (2.19%) is higher than the bottom 25% of dividend payers in the JP market (1.67%).

High Dividend: 9759's dividend (2.19%) is low compared to the top 25% of dividend payers in the JP market (3.76%).


Stability and Growth of Payments

Stable Dividend: 9759's dividends per share have been stable in the past 10 years.

Growing Dividend: 9759's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.8%), 9759's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (60.9%), 9759's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

5.0yrs

Average management tenure


CEO

Yoshikazu Imajo (61 yo)

13.5yrs

Tenure

Mr. Yoshikazu Imajo has been the President of NSD Co. Ltd since April 2009 serves as its Chief Executive Officer since April 2011. Mr. Imajo served as an Executive Officer and General Manager of 1st System...


Leadership Team

Experienced Management: 9759's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: 9759's board of directors are considered experienced (3.3 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

What is the ownership structure of 9759?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders479,4090.6%
Employee Share Scheme2,232,0002.9%
Private Companies8,562,00011.1%
Institutions32,833,03742.5%
General Public33,155,44442.9%

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


Top Shareholders

Top 25 shareholders own 54.79% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.46%
IPC Co., Ltd.
5,762,000¥14.2b0%no data
5.99%
FMR LLC
4,626,720¥11.4b0%0.01%
4.49%
Nomura Holdings Inc, Securities & Investment Arm
3,469,000¥8.5b0%0.32%
4.37%
MUFG Bank, Ltd., Retirement Benefit Trust
3,373,300¥8.3b0%1.45%
3.62%
KD Associates Ltd.
2,800,000¥6.9b0%no data
3.25%
Invesco Ltd.
2,514,100¥6.2b-11.05%0.01%
3.09%
The Vanguard Group, Inc.
2,389,972¥5.9b2.72%no data
3.02%
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
2,334,000¥5.7b0%0.02%
2.89%
Nomura Asset Management Co., Ltd.
2,233,100¥5.5b9%0.02%
2.89%
NSD Co. Ltd, ESOP
2,232,000¥5.5b0%no data
2.47%
Mitsubishi UFJ Trust and Banking Corporation, Asset Management Arm
1,911,800¥4.7b0%0.04%
2.42%
BlackRock, Inc.
1,870,280¥4.6b4.35%no data
1.29%
Daiwa Asset Management Co. Ltd.
995,000¥2.4b6.18%0.02%
1.21%
Nikko Asset Management Co., Ltd.
935,300¥2.3b-1.15%0.01%
1.17%
Dimensional Fund Advisors LP
901,724¥2.2b0.7%no data
1.05%
Royce & Associates, LP
807,800¥2.0b-11.49%0.13%
0.8%
Norges Bank Investment Management
617,138¥1.5b0%no data
0.72%
Columbia Management Investment Advisers, LLC
555,300¥1.4b0%no data
0.47%
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.
359,400¥884.5m0%0.01%
0.43%
Putnam LLC
330,400¥813.1m0%0.01%
0.42%
Sumitomo Mitsui DS Asset Management Company, Limited
322,600¥793.9m-0.15%0.02%
0.41%
Fidelity International Ltd
316,700¥779.4m-0.15%no data
0.31%
Tokio Marine Asset Management Co., Ltd.
237,000¥583.3m0%0.03%
0.3%
Yoshikazu Imajo
233,332¥574.2m3.84%no data
0.26%
Bessemer Investment Management LLC
201,322¥495.5m-3.08%0.01%

Company Information

NSD Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: NSD Co., Ltd.
  • Ticker: 9759
  • Exchange: TSE
  • Founded: 1969
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: JP¥190.142b
  • Shares outstanding: 77.26m
  • Website: https://www.nsd.co.jp

Number of Employees


Location

  • NSD Co., Ltd.
  • 2-101, Kanda-awajicho
  • Chiyoda-ku
  • Tokyo
  • 101-0063
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9759TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.