TSE:9066

Stock Analysis Report

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Market Cap

JP¥29.8b

Last Updated

2021/06/18 08:10 UTC

Data Sources

Company Financials

Executive Summary

Nissin Corporation provides logistics services in Japan and internationally. More Details


Snowflake Analysis

Established dividend payer with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 9066 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 9066's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.3%

9066

0.3%

JP Infrastructure

0.4%

JP Market


1 Year Return

-15.3%

9066

13.2%

JP Infrastructure

22.6%

JP Market

Return vs Industry: 9066 underperformed the JP Infrastructure industry which returned 13.2% over the past year.

Return vs Market: 9066 underperformed the JP Market which returned 22.6% over the past year.


Shareholder returns

9066IndustryMarket
7 Day-1.3%0.3%0.4%
30 Day5.0%7.5%3.6%
90 Day-1.1%0.8%-2.3%
1 Year-12.2%-15.3%14.9%13.2%25.3%22.6%
3 Year-38.2%-43.7%9.3%4.2%20.3%12.1%
5 Year18.1%3.0%48.9%37.8%78.4%58.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

14.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 9066 (¥1509) is trading above our estimate of fair value (¥606.41)

Significantly Below Fair Value: 9066 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 9066 is poor value based on its PE Ratio (14.6x) compared to the JP Infrastructure industry average (14.4x).

PE vs Market: 9066 is good value based on its PE Ratio (14.6x) compared to the JP market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 9066's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 9066 is good value based on its PB Ratio (0.5x) compared to the JP Infrastructure industry average (0.6x).


Future Growth

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

31.8%

Forecasted Transportation 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 Nissin 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 Nissin performed over the past 5 years?

-12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9066 has high quality earnings.

Growing Profit Margin: 9066's current net profit margins (1.3%) are lower than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: 9066's earnings have declined by 12.9% per year over the past 5 years.

Accelerating Growth: 9066's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 9066 had negative earnings growth (-25.8%) over the past year, making it difficult to compare to the Infrastructure industry average (-7.4%).


Return on Equity

High ROE: 9066's Return on Equity (3.2%) is considered low.


Financial Health

How is Nissin's financial position?


Financial Position Analysis

Short Term Liabilities: 9066's short term assets (¥53.5B) exceed its short term liabilities (¥33.8B).

Long Term Liabilities: 9066's short term assets (¥53.5B) exceed its long term liabilities (¥33.3B).


Debt to Equity History and Analysis

Debt Level: 9066's debt to equity ratio (47.7%) is considered high.

Reducing Debt: 9066's debt to equity ratio has reduced from 59.5% to 47.7% over the past 5 years.

Debt Coverage: 9066's debt is not well covered by operating cash flow (15.8%).

Interest Coverage: 9066 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

3.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 9066's dividend (3.71%) is higher than the bottom 25% of dividend payers in the JP market (1.31%).

High Dividend: 9066's dividend (3.71%) is in the top 25% of dividend payers in the JP market (2.99%)


Stability and Growth of Payments

Stable Dividend: 9066's dividends per share have been stable in the past 10 years.

Growing Dividend: 9066's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.1%), 9066's dividend payments are 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?

7.2yrs

Average management tenure


CEO

Masahiro Tsutsui (67 yo)

13yrs

Tenure

Mr. Masahiro Tsutsui serves as the President and Chief Operating Officer of Nissin Corporation. Mr. Tsutsui served as Executive President at Nissin Corporation since June 2008. Mr. Tsutsui served as Execut...


Leadership Team

Experienced Management: 9066's management team is seasoned and experienced (7.2 years average tenure).


Board Members

Experienced Board: 9066's board of directors are considered experienced (7 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

Nissin Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nissin Corporation
  • Ticker: 9066
  • Exchange: TSE
  • Founded: 1938
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: JP¥29.839b
  • Shares outstanding: 19.21m
  • Website: https://www.nissin-tw.com

Number of Employees


Location

  • Nissin Corporation
  • Nissay office building
  • 6-81 Onoe-cho
  • Yokohama
  • Kanagawa
  • Japan

Listings


Biography

Nissin Corporation provides logistics services in Japan and internationally. The company operates through Logistics, Travel Service, and Real Estate segments. It offers ocean, air, and land transport servi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/18 08:10
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.