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Nissan Motor

OTCPK:NSAN.Y
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NSAN.Y
OTCPK
¥3,746B
Market Cap
  1. Home
  2. US
  3. Automobiles
Company description

Nissan Motor Co., Ltd. manufactures and sells vehicles and automotive parts worldwide. The last earnings update was 38 days ago. More info.


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NSAN.Y Share Price and Events
7 Day Returns
1.3%
OTCPK:NSAN.Y
-3%
US Auto
-1.1%
US Market
1 Year Returns
-18.2%
OTCPK:NSAN.Y
-8.5%
US Auto
6.4%
US Market
NSAN.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nissan Motor (NSAN.Y) 1.3% 0.4% 9.9% -18.2% -8.7% -3.3%
US Auto -3% -7.7% 5.8% -8.5% 6.3% -13.2%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • NSAN.Y underperformed the Auto industry which returned -8.5% over the past year.
  • NSAN.Y underperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
NSAN.Y
Industry
5yr Volatility vs Market

NSAN.Y Value

 Is Nissan Motor undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nissan Motor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nissan Motor.

OTCPK:NSAN.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 21 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:NSAN.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Auto Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.563 (1 + (1- 30.86%) (219.21%))
1.278
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.278 * 5.96%)
10.35%

Discounted Cash Flow Calculation for OTCPK:NSAN.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nissan Motor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:NSAN.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.35%)
2019 387,273.60 Analyst x5 350,952.97
2020 456,886.86 Analyst x7 375,206.81
2021 430,325.00 Analyst x4 320,250.38
2022 430,000.00 Analyst x1 289,996.37
2023 433,294.14 Est @ 0.77% 264,812.17
2024 439,166.37 Est @ 1.36% 243,228.93
2025 446,929.42 Est @ 1.77% 224,313.87
2026 456,119.97 Est @ 2.06% 207,456.62
2027 466,421.26 Est @ 2.26% 192,246.11
2028 477,615.02 Est @ 2.4% 178,397.28
Present value of next 10 years cash flows ¥2,646,861.51
OTCPK:NSAN.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥477,615.02 × (1 + 2.73%) ÷ (10.35% – 2.73%)
¥6,439,749.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥6,439,749.84 ÷ (1 + 10.35%)10
¥2,405,355.40
OTCPK:NSAN.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥2,646,861.51 + ¥2,405,355.40
¥5,052,216.91
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥5,052,216.91 / 3,912.64
¥1291.26
OTCPK:NSAN.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:NSAN.Y represents 0.01785x of TSE:7201
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01785x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,291.26 x 0.01785
$23.05
Value per share (USD) From above. $23.05
Current discount Discount to share price of $17.09
= -1 x ($17.09 - $23.05) / $23.05
25.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nissan Motor is available for.
Intrinsic value
26%
Share price is $17.09 vs Future cash flow value of $23.05
Current Discount Checks
For Nissan Motor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nissan Motor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nissan Motor's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nissan Motor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nissan Motor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:NSAN.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥124.11
TSE:7201 Share Price ** TSE (2019-03-22) in JPY ¥957.3
United States of America Auto Industry PE Ratio Median Figure of 6 Publicly-Listed Auto Companies 9.89x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nissan Motor.

OTCPK:NSAN.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7201 Share Price ÷ EPS (both in JPY)

= 957.3 ÷ 124.11

7.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nissan Motor is good value based on earnings compared to the US Auto industry average.
  • Nissan Motor is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Nissan Motor's expected growth come at a high price?
Raw Data
OTCPK:NSAN.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
10.7%per year
United States of America Auto Industry PEG Ratio Median Figure of 6 Publicly-Listed Auto Companies 0.86x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

OTCPK:NSAN.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.71x ÷ 10.7%

0.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nissan Motor is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Nissan Motor's assets?
Raw Data
OTCPK:NSAN.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,364.41
TSE:7201 Share Price * TSE (2019-03-22) in JPY ¥957.3
United States of America Auto Industry PB Ratio Median Figure of 11 Publicly-Listed Auto Companies 5.77x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
OTCPK:NSAN.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7201 Share Price ÷ Book Value per Share (both in JPY)

= 957.3 ÷ 1,364.41

0.7x

* Primary Listing of Nissan Motor.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nissan Motor is good value based on assets compared to the US Auto industry average.
X
Value checks
We assess Nissan Motor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto industry average (and greater than 0)? (1 check)
  5. Nissan Motor has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NSAN.Y Future Performance

 How is Nissan Motor expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nissan Motor expected to grow at an attractive rate?
  • Nissan Motor's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Nissan Motor's earnings growth is positive but not above the United States of America market average.
  • Nissan Motor's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:NSAN.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:NSAN.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 10.7%
OTCPK:NSAN.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 1.8%
United States of America Auto Industry Earnings Growth Rate Market Cap Weighted Average 22.6%
United States of America Auto Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:NSAN.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:NSAN.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 12,376,000 1,623,000 766,000 1
2022-03-31 12,627,428 1,250,500 696,644 3
2021-03-31 12,118,365 1,115,981 548,063 20
2020-03-31 11,836,986 1,103,385 502,957 21
2019-03-31 11,727,957 1,200,266 452,345 21
OTCPK:NSAN.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 12,001,603 1,579,638 485,420
2018-09-30 11,831,382 1,262,320 716,641
2018-06-30 11,907,325 1,283,156 727,805
2018-03-31 11,951,169 1,071,250 746,892
2017-12-31 11,983,266 855,239 827,464
2017-09-30 12,051,513 1,129,164 657,575
2017-06-30 11,825,978 1,117,186 662,038
2017-03-31 11,720,041 1,335,473 663,499
2016-12-31 11,511,260 1,240,581 485,176
2016-09-30 11,577,306 1,155,551 480,688
2016-06-30 11,944,667 1,142,155 507,421
2016-03-31 12,189,519 927,013 523,841

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nissan Motor's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Nissan Motor's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:NSAN.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Nissan Motor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NSAN.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 195.90 195.90 195.90 1.00
2022-03-31 178.13 189.69 163.60 3.00
2021-03-31 141.32 176.99 115.70 20.00
2020-03-31 127.64 166.43 93.25 23.00
2019-03-31 115.06 136.30 97.10 21.00
OTCPK:NSAN.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 124.11
2018-09-30 183.24
2018-06-30 186.10
2018-03-31 190.96
2017-12-31 211.43
2017-09-30 167.78
2017-06-30 167.74
2017-03-31 165.94
2016-12-31 119.37
2016-09-30 116.41
2016-06-30 121.62
2016-03-31 125.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nissan Motor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nissan Motor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nissan Motor has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NSAN.Y Past Performance

  How has Nissan Motor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nissan Motor's growth in the last year to its industry (Auto).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nissan Motor's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Nissan Motor's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Nissan Motor's 1-year earnings growth is negative, it can't be compared to the US Auto industry average.
Earnings and Revenue History
Nissan Motor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nissan Motor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NSAN.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12,001,603.00 485,420.00 1,369,524.00
2018-09-30 11,831,382.00 716,641.00 1,404,535.00
2018-06-30 11,907,325.00 727,805.00 1,495,630.00
2018-03-31 11,951,169.00 746,892.00 1,507,423.00
2017-12-31 11,983,266.00 827,464.00 1,542,576.00
2017-09-30 12,051,513.00 657,575.00 1,555,953.00
2017-06-30 11,825,978.00 662,038.00 1,519,200.00
2017-03-31 11,720,041.00 663,499.00 1,502,671.00
2016-12-31 11,511,260.00 485,176.00 1,505,840.00
2016-09-30 11,577,306.00 480,688.00 1,487,977.00
2016-06-30 11,944,667.00 507,421.00 1,534,409.00
2016-03-31 12,189,519.00 523,841.00 1,549,076.00
2015-12-31 12,229,727.00 571,597.00 1,620,411.00
2015-09-30 12,163,828.00 546,157.00 1,454,260.00
2015-06-30 11,808,923.00 498,237.00 1,396,772.00
2015-03-31 11,375,207.00 457,574.00 1,506,740.00
2014-12-31 11,292,410.00 453,748.00 1,473,240.00
2014-09-30 10,870,943.00 436,214.00 1,346,796.00
2014-06-30 10,715,217.00 419,152.00 1,335,021.00
2014-03-31 10,482,520.00 389,034.00 1,311,838.00
2013-12-31 10,153,022.00 384,156.00 1,091,057.00
2013-09-30 9,839,005.00 353,973.00 1,048,197.00
2013-06-30 9,726,153.00 352,185.00 981,732.00
2013-03-31 8,737,320.00 341,117.00 970,322.00
2012-12-31 9,465,777.00 307,724.00 1,012,820.00
2012-09-30 9,588,355.00 336,299.00 995,100.00
2012-06-30 9,463,431.00 328,688.00 980,592.00
2012-03-31 9,409,026.00 341,433.00 959,108.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nissan Motor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nissan Motor used its assets less efficiently than the US Auto industry average last year based on Return on Assets.
  • Nissan Motor's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nissan Motor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nissan Motor has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NSAN.Y Health

 How is Nissan Motor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nissan Motor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nissan Motor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nissan Motor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nissan Motor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nissan Motor Company Filings, last reported 2 months ago.

OTCPK:NSAN.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,640,339.00 8,210,601.00 1,324,554.00
2018-09-30 5,776,714.00 8,090,367.00 1,206,153.00
2018-06-30 5,594,142.00 7,821,406.00 1,174,380.00
2018-03-31 5,688,735.00 7,738,356.00 1,144,809.00
2017-12-31 5,601,583.00 8,803,931.00 1,197,133.00
2017-09-30 5,373,025.00 8,210,083.00 1,148,296.00
2017-06-30 5,182,927.00 7,933,051.00 1,127,593.00
2017-03-31 5,167,136.00 7,767,681.00 1,196,579.00
2016-12-31 4,904,598.00 8,029,754.00 860,296.00
2016-09-30 4,629,619.00 6,776,362.00 876,622.00
2016-06-30 4,789,548.00 6,718,992.00 963,790.00
2016-03-31 5,140,745.00 7,001,297.00 946,313.00
2015-12-31 5,343,279.00 7,446,247.00 813,668.00
2015-09-30 5,323,213.00 6,918,039.00 760,670.00
2015-06-30 5,347,300.00 6,969,045.00 805,021.00
2015-03-31 5,247,262.00 6,671,233.00 750,129.00
2014-12-31
2014-09-30 4,872,800.00 6,050,750.00 728,256.00
2014-06-30 4,631,286.00 5,746,732.00 701,819.00
2014-03-31 4,671,528.00 5,652,469.00 721,498.00
2013-12-31 4,536,467.00 5,898,639.00 732,312.00
2013-09-30 4,352,555.00 5,158,167.00 667,147.00
2013-06-30 4,188,453.00 5,084,595.00 687,224.00
2013-03-31 4,036,030.00 4,779,772.00 684,972.00
2012-12-31 3,689,611.00 4,871,803.00 794,698.00
2012-09-30 3,486,964.00 4,229,952.00 812,859.00
2012-06-30 3,395,074.00 3,992,021.00 767,776.00
2012-03-31 3,449,997.00 3,828,218.00 842,899.00
  • Nissan Motor's level of debt (145.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (129.9% vs 145.6% today).
  • Debt is not well covered by operating cash flow (19.2%, less than 20% of total debt).
  • Nissan Motor earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Nissan Motor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nissan Motor has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NSAN.Y Dividends

 What is Nissan Motor's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.95%
Current annual income from Nissan Motor dividends. Estimated to be 5.89% next year.
If you bought $2,000 of Nissan Motor shares you are expected to receive $119 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nissan Motor's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Nissan Motor's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:NSAN.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
United States of America Auto Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:NSAN.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 66.00 1.00
2022-03-31 55.67 3.00
2021-03-31 56.26 21.00
2020-03-31 55.68 23.00
2019-03-31 56.83 23.00
OTCPK:NSAN.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-14 57.000 6.037
2019-02-12 57.000 6.078
2018-11-12 57.000 6.103
2018-11-08 57.000 5.541
2018-07-04 57.000 5.506
2018-05-14 57.000 5.205
2018-02-15 53.000 4.731
2018-02-08 53.000 4.706
2017-11-14 53.000 4.724
2017-11-08 53.000 4.840
2017-07-05 53.000 4.779
2017-05-11 53.000 4.879
2017-02-13 48.000 4.415
2017-02-09 48.000 4.285
2016-11-09 48.000 4.313
2016-11-07 48.000 4.744
2016-06-24 48.000 4.802
2016-05-12 48.000 4.620
2016-02-12 42.000 4.113
2016-02-10 42.000 4.394
2015-11-02 42.000 3.487
2015-07-29 42.000 3.650
2015-06-25 42.000 3.400
2015-05-13 42.000 3.298
2015-02-12 33.000 2.656
2015-02-09 33.000 3.006
2014-11-04 33.000 3.135
2014-07-28 33.000 3.280
2014-07-03 33.000 3.346
2014-05-12 33.000 3.512
2014-02-13 30.000 3.340
2014-02-10 30.000 3.356
2013-11-07 30.000 3.309
2013-11-01 30.000 3.344
2013-07-25 30.000 2.962
2013-06-27 25.000 2.328
2013-05-10 30.000 2.802
2013-02-13 25.000 2.582
2013-02-08 25.000 2.599
2012-11-08 25.000 3.070
2012-11-06 25.000 3.609
2012-07-26 25.000 3.497
2012-06-28 25.000 3.444
2012-05-11 25.000 3.326
2012-02-13 20.000 2.407
2012-02-08 20.000 2.618
2011-11-09 20.000 2.861
2011-11-02 20.000 2.779
2011-08-03 20.000 2.897
2011-07-27 20.000 2.425
2011-06-30 10.000 1.172
2011-05-12 10.000 1.246
2011-02-14 10.000 1.304
2011-02-09 10.000 1.136
2010-11-11 10.000 1.223
2010-11-04 10.000 1.300
2010-07-29 10.000 1.450
2010-06-30 10.000 1.580
2010-05-12 10.000 1.500
2010-02-12 0.000 0.000
2010-02-09 0.000 0.000
2009-11-11 0.000 0.000
2009-11-04 0.000 0.000
2009-08-05 0.000 0.000
2009-07-29 0.000 0.000
2009-05-12 0.000 0.000
2009-03-25 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Nissan Motor has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Nissan Motor only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Nissan Motor's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nissan Motor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nissan Motor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nissan Motor has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NSAN.Y Management

 What is the CEO of Nissan Motor's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hiroto Saikawa
COMPENSATION ¥396,000,000
AGE 65
TENURE AS CEO 1.9 years
CEO Bio

Mr. Hiroto Saikawa has been Chief Executive Officer and President of Nissan Motor Co., Ltd. since April 1, 2017. Mr. Saikawa served as Co-Chief Executive Officer of Nissan Motor Co. Ltd. from November 1, 2016 to April 1, 2017.He served as the Chief Competitive Officer of Nissan Motor Co. Ltd. since April 2014. Mr. Saikawa served as an Executive Vice President of Japan, Asia Pacific, Industrial Machinery, Marine Administration for Affiliates Purchasing at Nissan Motor Co. Ltd., and served as its Executive Vice President of Purchasing Asia and Pacific Operations. Mr. Saikawa served as the Chief Executive of U S operations of Nissan Motor Co. Ltd., a subsidiary of Nissan North America, Inc. since March 16, 2007 and also served as its Manager of North American Activities since March 19, 2007. Mr. Saikawa served as an Executive Vice President of European Operations (MC-E), Purchasing Department for Nissan Motor Co. Ltd. He served as Senior Vice President of Nissan Motor Co. Ltd. and also served as its Executive Vice President. Mr. Saikawa served as an Executive Vice President of supervising American Operations at MC-America & MC-US Purchasing since April 2007. He served as an Executive Vice President and Supervising Purchasing since April 2005 and again June 2005. He served as Senior Vice President and In charge of Purchasing Administration Dept., Purchasing Engineering Support Dept., Service Support Purchasing Dept. No.1, 2 since April 2004, Senior Vice President and In charge of Purchasing Administration Dept., Materials and Machinery Purchasing Dept., Purchasing Engineering Support Dept., Parts Purchasing Dept. No.1.2, Support/Services Purchasing Dept. No.1, 2 since April 2003. Mr. Saikawa served as an Executive General Manager of Renault Nissan Purchasing Organization since April 2001. He served as General Manager of Purchasing Strategy Department since October 2000. He joined Nissan Europe N.V. in July 1999 and Nissan Motor Co., Ltd. in April 1977. He served as Vice Chairman at Nissan Motor Co., Ltd. from June 2015 to November 2, 2016. He serves as a Representative Director of Nissan Motor Co. Ltd. He has been Board Director of Dongfeng Motor Co., Ltd. since March 2009. He served as a Director of Renault SA from May 2006 to December 12, 2016. He served as a Director of supervising American Operations at MC-America & MC-US Purchasing since June 2005 and again April 2007. Mr. Saikawa graduated from Faculty of Economics at Tokyo University in March 1977.

CEO Compensation
  • Hiroto's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Hiroto's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Nissan Motor management team in years:

3.3
Average Tenure
62
Average Age
  • The tenure for the Nissan Motor management team is about average.
Management Team

Hiroto Saikawa

TITLE
President
COMPENSATION
¥396M
AGE
65
TENURE
1.9 yrs

Hideyuki Sakamoto

TITLE
Executive VP of Product Engineering & Director
COMPENSATION
¥102M
AGE
62
TENURE
4.9 yrs

Hiroshi Karube

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Sadayuki Hamaguchi

TITLE
Chief Communications Officer
TENURE
1.1 yrs

Shoukei Kimura

TITLE
Alliance Executive Vice President

Hitoshi Kawaguchi

TITLE
Chief Sustainability Officer
TENURE
2.8 yrs

Asako Hoshino

TITLE
Head of the Operations Committee - Japan & Senior VP
TENURE
3.9 yrs

Philippe Klein

TITLE
Chief Planning Officer
AGE
61
TENURE
4.5 yrs

Yasuhiro Yamauchi

TITLE
Chief Competitive Officer
AGE
62
TENURE
3.7 yrs

Tsuyoshi Yamaguchi

TITLE
Executive Vice President of Alliance Technology Development
Board of Directors Tenure

Average tenure and age of the Nissan Motor board of directors in years:

4.8
Average Tenure
65
Average Age
  • The tenure for the Nissan Motor board of directors is about average.
Board of Directors

Hiroto Saikawa

TITLE
President
COMPENSATION
¥396M
AGE
65
TENURE
13.8 yrs

Toshiyuki Shiga

TITLE
Vice Chairman
COMPENSATION
¥153M
AGE
65
TENURE
5.3 yrs

Hideyuki Sakamoto

TITLE
Executive VP of Product Engineering & Director
COMPENSATION
¥102M
AGE
62
TENURE
4.8 yrs

Christian Meunier

TITLE
Chairman of Nissan Canada and Senior VP of Sales
TENURE
3.2 yrs

Bernard Rey

TITLE
Director
AGE
72
TENURE
4.8 yrs

Greg Kelly

TITLE
Director
AGE
62
TENURE
6.8 yrs

Jean-Baptiste Duzan

TITLE
Outside Director
AGE
72
TENURE
9.8 yrs

Keiko Ihara

TITLE
Director
AGE
45
TENURE
0.8 yrs

Masakazu Toyoda

TITLE
Director
AGE
69
TENURE
0.8 yrs

Hidetoshi Imazu

TITLE
Standing Statutory Auditor
COMPENSATION
¥109M
AGE
69
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Nissan Motor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nissan Motor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NSAN.Y News

Simply Wall St News

NSAN.Y Company Info

Description

Nissan Motor Co., Ltd. manufactures and sells vehicles and automotive parts worldwide. It sells vehicles under the Nissan, Infiniti, and Datsun brands. The company offers vehicle and vehicle parts; engines, manual transmissions, and other related component parts; automotive parts; industrial equipment engines and other related component parts, and axles; specially equipped vehicles; motorsports engines; and rechargeable lithium-ion batteries. It also provides financial services, auto credit and car leasing, card business, insurance agency, and inventory finance, as well as engages in exterior and interior design for automobiles, and operations and consulting related to the analysis and assay of raw materials. In addition, the company engages in the provision of travel, environmental and engineering, production technology center, and facility services; ground and vehicle management, and information and logistics businesses; design, vehicle drawings and experiments, other engineering, electronic devices, and electronic equipment businesses; export and import of auto components and materials; and real estate businesses. Further, it is involved in promotion of motorsports, including race and motorsports event planning, and vehicle remodeling; sale of car parts and accessories for motorsports; and demonstration test and commercialization study for second-life use of lithium-ion batteries for automotive use. Additionally, the company imports and sells Renault vehicles and parts; and manages and plans professional soccer team and soccer schools. The company was founded in 1933 and is headquartered in Yokohama, Japan.

Details
Name: Nissan Motor Co., Ltd.
NSAN.Y
Exchange: OTCPK
Founded: 1933
¥34,101,777,657
3,912,638,409
Website: http://www.nissan-global.com
Address: Nissan Motor Co., Ltd.
1-1, Takashima 1-chome,
Nishi-ku,
Yokohama,
Kanagawa, 220-8686,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7201 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1975
OTCPK NSAN.F Common Stock Pink Sheets LLC US USD 06. Jan 1975
DB NISA Common Stock Deutsche Boerse AG DE EUR 06. Jan 1975
WBAG NISA Common Stock Wiener Boerse AG AT EUR 06. Jan 1975
OTCPK NSAN.Y SPONS ADR(CNV INTO 2 ORD NPV) Pink Sheets LLC US USD 14. Dec 1972
DB NISE SPONS ADR(CNV INTO 2 ORD NPV) Deutsche Boerse AG DE EUR 14. Dec 1972
BMV NSANY N SPONS ADR(CNV INTO 2 ORD NPV) Bolsa Mexicana de Valores MX MXN 14. Dec 1972
Number of employees
Current staff
Staff numbers
138,910
Nissan Motor employees.
Industry
Automobile Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:40
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.