Nomura Holdings Inc
TSE:8604

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Nomura Holdings Inc
TSE:8604
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Price: 930 JPY 0.15% Market Closed
Market Cap: 2.7T JPY
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Intrinsic Value

The intrinsic value of one Nomura Holdings Inc stock under the Base Case scenario is 3 096.4 JPY. Compared to the current market price of 930 JPY, Nomura Holdings Inc is Undervalued by 70%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

Intrinsic Value
3 096.4 JPY
Undervaluation 70%
Intrinsic Value
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Nomura Holdings Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Business Breakdown

Nomura Holdings Inc., a Tokyo-based financial services powerhouse, has carved out a prominent position in the global investment landscape since its founding in 1925. With a deep-rooted heritage in Japan, Nomura has transformed from a domestic brokerage firm into a leading player in investment banking, asset management, and retail brokerage services across Asia and beyond. The company's diversification strategy allows it to cater not just to institutional investors, but also to individual clients, offering a broad array of services that range from wealth management to capital markets. This multifaceted approach positions Nomura as a vital player in navigating the complexities of both local an...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Nomura Holdings Inc

Current Assets 5.6T
Cash & Short-Term Investments 3.9T
Receivables 1.4T
Other Current Assets 369B
Non-Current Assets 54.1T
Long-Term Investments 46.3T
PP&E 451.3B
Other Non-Current Assets 7.3T
Current Liabilities 28.8T
Short-Term Debt 24.5T
Other Current Liabilities 4.3T
Non-Current Liabilities 27.5T
Long-Term Debt 13.2T
Other Non-Current Liabilities 14.3T
Efficiency

Earnings Waterfall
Nomura Holdings Inc

Revenue
4.5T JPY
Cost of Revenue
-2.8T JPY
Gross Profit
1.7T JPY
Operating Expenses
-1.3T JPY
Operating Income
330.5B JPY
Other Expenses
-119B JPY
Net Income
211.5B JPY

Free Cash Flow Analysis
Nomura Holdings Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

In the second quarter, Nomura Holdings recorded a net revenue of JPY 483.3 billion, up 6%, with net income soaring 43% to JPY 98.4 billion. The firm's annualized ROE reached 11.6%, exceeding its long-term target. Wealth Management showed promising signs with a 10% rise in recurring revenue to a record JPY 50.3 billion. Dividends were set at JPY 23 per share, indicating a 40.6% payout ratio. Despite some volatility in August, Nomura remains confident in robust demand; net inflows into recurring revenue assets outpaced targets, reaching JPY 438.3 billion. The outlook remains positive, signaling resilience amidst market fluctuations.

What is Earnings Call?
Fundamental Scores

Profitability Score
Profitability Due Diligence

Nomura Holdings Inc's profitability score is 45/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
Exceptional 1-Year Revenue Growth
ROE is Increasing
45/100
Profitability
Score

Nomura Holdings Inc's profitability score is 45/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Nomura Holdings Inc's solvency score is 10/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Positive Net Debt
Short-Term Solvency
High D/E
10/100
Solvency
Score

Nomura Holdings Inc's solvency score is 10/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Nomura Holdings Inc

Wall Street analysts forecast Nomura Holdings Inc stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Nomura Holdings Inc is 971.91 JPY with a low forecast of 707 JPY and a high forecast of 1 207.5 JPY.

Lowest
Price Target
707 JPY
24% Downside
Average
Price Target
971.91 JPY
5% Upside
Highest
Price Target
1 207.5 JPY
30% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
Very
Unsafe
Unsafe
Safe
Very
Safe
0
25
50
75
100
Shareholder Yield

Current shareholder yield for Nomura Holdings Inc is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
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Nomura Holdings Inc Logo
Nomura Holdings Inc

Country

Japan

Industry

Financial Services

Market Cap

2.7T JPY

Dividend Yield

4.09%

Description

Nomura Holdings, Inc. operates as a holding company which provides the investment and financial services. The company is headquartered in Chiyoda-Ku, Tokyo-To and currently employs 26,402 full-time employees. The firm has three business segments. The Sales segment is engaged in the provision of investment consultation services to individual clients in Japan. The Asset Management segment is engaged in the development and management of investment trusts, and the provision of investment advisory services. The Wholesale segment is engaged in the sale and trading of bonds, equity securities, derivatives and foreign exchange, as well as the provision of investment banking services, such as the bonds and securities underwriting business, merger and acquisition (M & A) business and financial advisory services. The firm is also engaged in the merchant banking business. The firm operates within the domestic market and to overseas markets, including the Americas, Europe, Asia and Oceania.

Contact

TOKYO-TO
Chiyoda-ku
Urban Net Otemachi Bldg., 2-2-2, Ote-machi
+81352551000.0
www.nomuraholdings.com

IPO

1961-10-02

Employees

26 402

Officers

President, Group CEO, Representative Executive Officer & Director
Mr. Kentaro Okuda
CFO, Executive Officer & Chief Transformation Officer
Mr. Takumi Kitamura
Executive Officer & Chief Compliance Officer
Yosuke Inaida
Chief of Staff, Executive Officer & Deputy President
Mr. Toshiyasu Iiyama
Representative Executive Officer and Deputy President & Head of Global Markets and Director
Mr. Yutaka Nakajima
Executive Officer & Head of Wholesale
Mr. Christopher Paul Willcox
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Executive Director, Chief Investment Officer & Head of Discretionary Portfolio Management
Mr. Gareth Nicholson
Senior MD & Global Head of Investment Banking
Mr. Masahiro Goto
Senior MD & Chief Information Officer
Mr. Patrick Eltridge
Executive Director, Head of Investor Relations
Ms. Junko Tago
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See Also

Discover More
What is the Intrinsic Value of one Nomura Holdings Inc stock?

The intrinsic value of one Nomura Holdings Inc stock under the Base Case scenario is 3 096.4 JPY.

Is Nomura Holdings Inc stock undervalued or overvalued?

Compared to the current market price of 930 JPY, Nomura Holdings Inc is Undervalued by 70%.

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