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9913

Nippo TSE:9913 Stock Report

Last Price

JP¥659.00

Market Cap

JP¥6.0b

7D

-1.9%

1Y

4.3%

Updated

02 Oct, 2022

Data

Company Financials
9913 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

9913 Stock Overview

Nippo Ltd. manufactures and trades in industrial components and materials in Japan and internationally.

Nippo Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nippo
Historical stock prices
Current Share PriceJP¥659.00
52 Week HighJP¥830.00
52 Week LowJP¥595.00
Beta1.19
1 Month Change-0.90%
3 Month Change-2.95%
1 Year Change4.27%
3 Year Change27.47%
5 Year Change49.43%
Change since IPO-80.46%

Recent News & Updates

Shareholder Returns

9913JP ElectronicJP Market
7D-1.9%-5.3%-3.9%
1Y4.3%-18.6%-8.2%

Return vs Industry: 9913 exceeded the JP Electronic industry which returned -18.6% over the past year.

Return vs Market: 9913 exceeded the JP Market which returned -8.2% over the past year.

Price Volatility

Is 9913's price volatile compared to industry and market?
9913 volatility
9913 Average Weekly Movement5.1%
Electronic Industry Average Movement3.6%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.4%
10% least volatile stocks in JP Market1.8%

Stable Share Price: 9913 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 9913's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
19403,075Yasuchika Iwasahttps://www.nip.co.jp

Nippo Ltd. manufactures and trades in industrial components and materials in Japan and internationally. It operates through Mobility, Electronics, Medical and Precision Device, and Others segments. The company provides functional materials, parts, jigs, and equipment for customers related to electronic parts and clean energy; and IC cards and tags, and affiliated system devices for customers related to radio-frequency identification devices.

Nippo Fundamentals Summary

How do Nippo's earnings and revenue compare to its market cap?
9913 fundamental statistics
Market CapJP¥6.00b
Earnings (TTM)JP¥881.00m
Revenue (TTM)JP¥35.85b

6.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9913 income statement (TTM)
RevenueJP¥35.85b
Cost of RevenueJP¥29.87b
Gross ProfitJP¥5.99b
Other ExpensesJP¥5.10b
EarningsJP¥881.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 04, 2022

Earnings per share (EPS)96.73
Gross Margin16.69%
Net Profit Margin2.46%
Debt/Equity Ratio33.1%

How did 9913 perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

23%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9913 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 9913?

Other financial metrics that can be useful for relative valuation.

9913 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/Revenue0.1x
Enterprise Value/EBITDA2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 9913's PE Ratio compare to its peers?

9913 PE Ratio vs Peers
The above table shows the PE ratio for 9913 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19x
8023 Daiko Denshi Tsushin
4.8xn/aJP¥6.0b
3323 Recomm
17.3xn/aJP¥6.9b
7505 Fuso Dentsu
50.3xn/aJP¥7.2b
3321 Mitachi
3.6xn/aJP¥6.8b
9913 Nippo
6.8xn/aJP¥6.0b

Price-To-Earnings vs Peers: 9913 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (19x).


Price to Earnings Ratio vs Industry

How does 9913's PE Ratio compare vs other companies in the JP Electronic Industry?

Price-To-Earnings vs Industry: 9913 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the JP Electronic industry average (11x)


Price to Earnings Ratio vs Fair Ratio

What is 9913'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.

9913 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 9913's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 9913 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9913 (¥659) is trading below our estimate of fair value (¥1866.26)

Significantly Below Fair Value: 9913 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: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.3%

Forecasted Tech 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 Nippo 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.


Discover growth companies

  • Examine whether Nippo is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Nippo 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


1.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9913 has high quality earnings.

Growing Profit Margin: 9913's current net profit margins (2.5%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: 9913's earnings have grown by 1.9% per year over the past 5 years.

Accelerating Growth: 9913's earnings growth over the past year (226.3%) exceeds its 5-year average (1.9% per year).

Earnings vs Industry: 9913 earnings growth over the past year (226.3%) exceeded the Electronic industry 28.6%.


Return on Equity

High ROE: 9913's Return on Equity (8%) is considered low.


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Financial Health

How is Nippo'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: 9913's short term assets (¥16.3B) exceed its short term liabilities (¥13.1B).

Long Term Liabilities: 9913's short term assets (¥16.3B) exceed its long term liabilities (¥3.4B).


Debt to Equity History and Analysis

Debt Level: 9913 has more cash than its total debt.

Reducing Debt: 9913's debt to equity ratio has reduced from 61.5% to 33.1% over the past 5 years.

Debt Coverage: 9913's debt is well covered by operating cash flow (61.5%).

Interest Coverage: 9913's interest payments on its debt are well covered by EBIT (69.5x coverage).


Balance Sheet


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Dividend

What is Nippo 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


4.25%

Current Dividend Yield

Dividend Yield vs Market

Nippo Dividend Yield vs Market
How does Nippo dividend yield compare to the market?
SegmentDividend Yield
Company (Nippo)4.2%
Market Bottom 25% (JP)1.7%
Market Top 25% (JP)3.8%
Industry Average (Electronic)1.7%
Analyst forecast in 3 Years (Nippo)n/a

Notable Dividend: 9913's dividend (4.25%) is higher than the bottom 25% of dividend payers in the JP market (1.67%).

High Dividend: 9913's dividend (4.25%) is in the top 25% of dividend payers in the JP market (3.76%)


Stability and Growth of Payments

Stable Dividend: 9913's dividend payments have been volatile in the past 10 years.

Growing Dividend: 9913's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (22.7%), 9913's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (21.1%), 9913's dividend payments are well covered by cash flows.


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Management

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

2.3yrs

Average board tenure


CEO

Yasuchika Iwasa (63 yo)

9.33yrs

Tenure

Mr. Yasuchika Iwasa has been President at Nippo Ltd since April 7, 2016. Mr. Iwasa served as General Manager of Electronics Business Division at Nippo Ltd from April 2014 to April 7, 2016 and served as it...


Board Members

Experienced Board: 9913's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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 9913?
Owner TypeNumber of SharesOwnership Percentage
Public Companies221,0002.4%
Employee Share Scheme565,0006.2%
Individual Insiders951,00010.4%
Private Companies1,796,00019.7%
Institutions1,883,80020.7%
General Public3,691,25240.5%

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


Top Shareholders

Top 17 shareholders own 59.47% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
19.72%
Freesia House Co., Ltd
1,796,000¥1.2b0%no data
9.56%
FMR LLC
870,300¥573.5m0%no data
6.2%
Nippo Ltd., ESOP
565,000¥372.3m0%no data
3.29%
Seihaku Ko
300,000¥197.7m0%no data
3.01%
Sumitomo Mitsui Financial Group Inc., Asset Management Arm
274,000¥180.6m0%no data
2.59%
Tanaka Kisao
236,000¥155.5m7.27%no data
2.57%
Japan Securities Finance Co. Ltd., Asset Management Arm
234,000¥154.2m0%0.02%
2.51%
IBG LLC, Asset Management Arm
229,000¥150.9m0%0.35%
2.43%
ALCONIX Corporation
221,000¥145.6m0%no data
2.37%
MUFG Bank, Ltd.,Investment Banking Arm
216,000¥142.3m0%no data
1.98%
Yoshinori Tanaka
180,000¥118.6m0%no data
1.54%
Yasuchika Iwasa
140,000¥92.3m6.87%no data
0.66%
Mitsubishi UFJ Trust and Banking Corporation, Asset Management Arm
60,500¥39.9m0%no data
0.4%
Hisatomo Mikami
36,000¥23.7m9.09%no data
0.4%
Takafumi Hayashi
36,000¥23.7m12.5%no data
0.13%
Hiroyuki Kawabe
12,000¥7.9m0%no data
0.12%
Atsushi Nakamura
11,000¥7.2m0%no data

Company Information

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


Key Information

  • Name: Nippo Ltd.
  • Ticker: 9913
  • Exchange: TSE
  • Founded: 1940
  • Industry: Technology Distributors
  • Sector: Tech
  • Implied Market Cap: JP¥6.002b
  • Shares outstanding: 9.11m
  • Website: https://www.nip.co.jp

Number of Employees


Location

  • Nippo Ltd.
  • MI Terrace Nagoya-Fushimi Building
  • 1-10-1 Nishiki
  • Nagoya
  • Aichi
  • 460-0003
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9913TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYMay 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.