Nomura Holdings Intrinsic Value Calculation – NOMURA HOLDINGS Reports Earnings for Q1 Fiscal Year 2024 (ending June 30 2023)
August 20, 2023
🌥️Earnings Overview
On August 1 2023, NOMURA HOLDINGS ($SGX:N33) announced its financial results for the first quarter of the fiscal year 2024, which ended on June 30 2023. Revenue for the quarter was reported to be JPY 317.6 billion, a 17.4% increase from the previous year, while net income was significantly higher at JPY 23.3 billion compared to the 1.7 billion recorded in the prior year.
Market Price
On Tuesday, NOMURA HOLDINGS reported their earnings for the first quarter of their fiscal year 2024 (ending June 30 2023). The stock opened the day at SG$2.0 and closed at the same price. This was primarily driven by higher revenue and a reduction in expenses. This was primarily directed towards upgrading their IT systems and expanding their global presence.
The company also announced that they had repurchased and retired 1 million shares of their common stock during the quarter. Overall, Nomura Holdings had a strong first quarter of their fiscal year 2024, ending June 30 2023. These figures demonstrate that Nomura Holdings is in a strong position to continue its success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nomura Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.19M | 114.42k | 8.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nomura Holdings. More…
| Operations | Investing | Financing |
| -974.75k | 38.95k | 1.29M |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nomura Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 52.49M | 49.15M | 1.07k |
Key Ratios Snapshot
Some of the financial key ratios for Nomura Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.0% | – | – |
| FCF Margin | ROE | ROA |
| -96.1% | 3.6% | 0.2% |
Analysis – Nomura Holdings Intrinsic Value Calculation
At GoodWhale, we have extensively analyzed NOMURA HOLDINGS‘s financials. Our proprietary Valuation Line has concluded that the fair value of NOMURA HOLDINGS share is around SG$2.1. Currently, NOMURA HOLDINGS stock is being traded at SG$2.0, indicating that it is undervalued by 3.3%. This makes it a good option for investors who are looking to invest in value stocks. More…
Summary
Nomura Holdings has delivered strong financial results for the first quarter of FY2024. Total revenue was up 17.4% year-over-year to JPY 317.6 billion, while net income increased significantly to JPY 23.3 billion, compared to JPY 1.7 billion a year earlier. This strong performance is likely to be welcomed by investors as a sign that the company is well positioned to continue its growth in the quarters ahead. Investors should keep an eye out for further updates from Nomura Holdings in the coming months, as the company looks to continue its impressive showing.
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