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NISSIN FOODS HOLDINGS sees a downgrade to Neutral on account of less f...
The independent financial analyst theScreener just lowered the general evaluation of NISSIN FOODS HOLDINGS (JP), active in the Food Products industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date July 9, 2021, the closing price was JPY 7,780.00 and its tar...
- Dave Nicoski
- Ross LaDuke
Vermilion Int'l Compass: Global Equity Strategy
Global Equities Dive, Testing Major Support Global equities have gone from extreme bullish sentiment and an extended market to panic and fear over coronavirus concerns. It is virtually impossible to predict what will happen regarding the virus or how much further markets could sell off as a result. Below we explain our outlook based on what we do know, which has been dampened but is not yet dire. • Indexes Testing Major Support. Major indexes are testing long-term base support and/or support...
ALL ARISTOCRAT LEISURE LIMITED
DB1 DEUTSCHE BOERSE AG
J2B EXPERIAN PLC
BARN BARRY CALLEBAUT AG
SGRO SEGRO PLC
HSV HOMESERVE PLC
LSEG LONDON STOCK EXCHANGE GROUP PLC
725180 STADA ARZNEIMITTEL AG
TEP TELEPERFORMANCE SE
RTO RENTOKIL INITIAL PLC
DABUR DABUR INDIA LIMITED
MSI MORNEAU SHEPELL
CWK CRANSWICK PLC
TATACONSUM TATA CONSUMER PRODUCTS LIMITED
CCP CREDIT CORP GROUP
4307 NOMURA RESEARCH INSTITUTE LTD.
TCL.A TRANSCONTINENTAL INC. CL A
XRO XERO LIMITED
RLF LONGFOR GROUP HOLDINGS LTD.
02869 GREENTOWN SERVICE GROUP CO. LTD.
6035 IR JAPAN HOLDINGS
1229 LIEN HWA INDUSTRIAL CORP.
2897 NISSIN FOODS HOLDINGS CO. LTD.
1227 STANDARD FOODS CORPORATION
00322 TINGYI (CAYMAN ISLANDS) HOLDING CORP.
PEO. PEOPLE
BOLSAA BOLSA MEXICANA DE VALORES SAB DE CV
300122 CHONGQING ZHIFEI BIOLOGICAL PRODUCTS CO. LTD. CLASS A
300012 CENTRE TESTING INTERNATIONAL GROUP CO. LTD. CLASS A
300075 BEIJING EGOVA (A)
IEL IDP EDUCATION
CERV CERVED GROUP SPA
CWY CLEANAWAY WASTE MANAGEMENT LTD.
WCN WASTE CONNECTIONS INC.
REAL REAL MATTERS
AT1 AROUNDTOWN SA
BVMF3 B3 SA - BRASIL BOLSA BALCAO
AMOT AMOT INVESTMENTS LTD.
- Jeanie Chen
Morningstar | Price Hikes to Drive Nissin's Profit Growth but Escalati...
Narrow-moat Nissin Foods’ fourth-quarter profits came in significantly below our expectations and fell short of the initial full-year guidance by 8% excluding the impact of a JPY 9.6 billion impairment loss. Management has guided a somewhat conservative outlook for 2019 with 3% growth in the top line and a 12% growth in profits excluding the impact of impairment loss. Moreover, it has revised down its 2020 mid-term sales and profit targets by 13% and 10%, respectively, to reflect overseas shor...
- Jeanie Chen
Price Hikes to Drive Nissin's Profit Growth but Escalating Depreciatio...
Narrow-moat Nissin Foods’ fourth-quarter profits came in significantly below our expectations and fell short of the initial full-year guidance by 8% excluding the impact of a JPY 9.6 billion impairment loss. Management has guided a somewhat conservative outlook for 2019 with 3% growth in the top line and a 12% growth in profits excluding the impact of impairment loss. Moreover, it has revised down its 2020 mid-term sales and profit targets by 13% and 10%, respectively, to reflect overseas shor...
- Jeanie Chen
Morningstar | 2897 Updated Star Rating from 06 Feb 2019
Nissin Foods is determined to establish its Cup Noodles brand as a globally recognized producer of premium instant noodles. Diminishing growth at home has prompted Nissin to shift focus to overseas markets, specifically BRIC countries. It intends to channel its resources to invest in brand-building and geographic expansion in key foreign markets while maintaining steady profitability in Japan to fund overseas strategies.Nissin expects to ramp up its presence in emerging markets with the Cup Nood...
- Jeanie Chen
Morningstar | Nissin's Price Hike a Positive Surprise, but Benefits Fu...
Narrow-moat Nissin’s third-quarter core profits (gross profits less SG&A) trended slightly ahead our expectation, with sales up 2.4% (like for like 3.7%) and profits down 7.3% (LFL 6.4%). The announcement of 4%-8% price hikes on domestic Nissin instant noodles was a positive surprise as management denied the possibility at the first-half result briefing. We expect price hikes on the moaty Nissin brand will take about a year to kick in and have lifted our profit forecasts by 4-5% from fiscal 20...
- Jeanie Chen
Nissin Looks Overseas for Growth
Narrow-moat Nissin Foods' second-quarter sales and core business profits (gross profits – SG&A) trended largely in line with our expectations, with sales up 1.8% and core profits down 6.5% year on year. Despite a tough comparison hurdle, the moaty domestic instant noodle business managed to maintain margins amid cost inflation while rising costs in the U.S. and Brazil along with adverse movement of the Brazilian real depressed profits. We expect profits to rebound in the second half when pri.....
- Jeanie Chen
Nissin Looks Overseas for Growth
Narrow-moat Nissin’s third-quarter core profits (gross profits less SG&A) trended slightly ahead our expectation, with sales up 2.4% (like for like 3.7%) and profits down 7.3% (LFL 6.4%). The announcement of 4%-8% price hikes on domestic Nissin instant noodles was a positive surprise as management denied the possibility at the first-half result briefing. We expect price hikes on the moaty Nissin brand will take about a year to kick in and have lifted our profit forecasts by 4-5% from fiscal .....
- Jeanie Chen
Morningstar | Growth in Nissin's Moaty Domestic Instant Noodles Steady...
Narrow-moat Nissin Foods' second-quarter sales and core business profits (gross profits – SG&A) trended largely in line with our expectations, with sales up 1.8% and core profits down 6.5% year on year. Despite a tough comparison hurdle, the moaty domestic instant noodle business managed to maintain margins amid cost inflation while rising costs in the U.S. and Brazil along with adverse movement of the Brazilian real depressed profits. We expect profits to rebound in the second half when price...
- Jeanie Chen
Morningstar | Growth in Nissin's Moaty Domestic Instant Noodles Steady...
Narrow-moat Nissin Foods' second-quarter sales and core business profits (gross profits – SG&A) trended largely in line with our expectations, with sales up 1.8% and core profits down 6.5% year on year. Despite a tough comparison hurdle, the moaty domestic instant noodle business managed to maintain margins amid cost inflation while rising costs in the U.S. and Brazil along with adverse movement of the Brazilian real depressed profits. We expect profits to rebound in the second half when price...
- Jeanie Chen
Morningstar | U.S. Cost Inflation Depressed Nissin's Profits Despite S...
Narrow-moat Nissin’s first-quarter sales and core business profits (gross profits minus selling, general, and administrative expenses, or SG&A) fell short of our expectation, with sales up 2% and core profits down 10% year on year. While the moaty domestic instant noodle business managed to expand margins amid cost inflation, overseas weakness, specifically in the U.S. and China, has wiped out domestic profit growth. Still, gain on sale of a domestic property contributed JPY 5.2 billion profit...
- Jeanie Chen
U.S. Cost Inflation Depressed Nissin's Profits Despite Solid Domestic ...
Narrow-moat Nissin’s first-quarter sales and core business profits (gross profits minus selling, general, and administrative expenses, or SG&A) fell short of our expectation, with sales up 2% and core profits down 10% year on year. While the moaty domestic instant noodle business managed to expand margins amid cost inflation, overseas weakness, specifically in the U.S. and China, has wiped out domestic profit growth. Still, gain on sale of a domestic property contributed JPY 5.2 billion prof.....
- Jeanie Chen
Morningstar | Promising growth prospects of Brazil and China priced in...
Nissin Foods is determined to establish its Cup Noodles brand as a globally recognized producer of premium instant noodles. The diminishing growth at home has prompted Nissin to shift focus to overseas markets, specifically BRIC countries. It intends to channel the group’s resources to invest in brand-building and geographic expansion in key foreign markets while maintaining steady profitability in Japan to fund overseas strategies.Nissin expects to ramp up its presence in emerging markets wit...
- Jeanie Chen
Promising growth prospects of Brazil and China priced in; domestic mar...
Narrow-moat Nissin Foods’ fourth-quarter results came in below our expectations although it was in line with the company’s guidance. We have fine-tuned our forecasts and lift our fair value estimate to JPY 6,950 from JPY 6,600 to reflect the increased time value of money. Contrary to a merely 1.7% like-for-like growth in operating profits excluding the impacts of unrealized actuarial gains and losses associated with pension liabilities for 2017 (reported 19% growth), the shares have outperfo...
- Jeanie Chen
Nissin Foods' One-off Profits Masking Slow Underlying Growth
Narrow-moat Nissin Foods’ fourth-quarter results came in below our expectations although it was in line with the company’s guidance. We have fine-tuned our forecasts and lift our fair value estimate to JPY 6,950 from JPY 6,600 to reflect the increased time value of money. Contrary to a merely 1.7% like-for-like growth in operating profits excluding the impacts of unrealized actuarial gains and losses associated with pension liabilities for 2017 (reported 19% growth), the shares have outperfo...
- Jeanie Chen
A Strong Rebound in Profit Growth for Nissin, but Unlikely to Last Int...
Narrow-moat Nissin Foods’ second-quarter earnings slightly exceeded our expectations but seem largely in line with the company’s target. The moaty domestic instant noodle business remains a key driver. While growth and margins improved in Brazil and China, the two overseas markets most critical to Nissin’s long-term growth, we remain skeptical about the company’s aggressive top-line growth target--particularly for China, where we think a fairly saturated market and rising health awarenes...
- Jeanie Chen
Nissin Reports Mixed Results; Domestic Sales Firm While Emerging-Marke...
Narrow-moat Nissin Foods reported a mixed set of first-quarter results, although sales and operating profits were largely in line with our expectations. The moaty domestic instant noodle business demonstrated resilience in sales. On the other hand, weakness in Brazil and China, two overseas markets that Nissin expects to deliver double-digit sales growth, was a negative surprise. We have made no change in our forecasts and estimates but will watch developments in Brazil and China closely. Adjust...
- Jeanie Chen
Launching Coverage of Nissin Foods With Narrow Moat and Stable Moat Tr...
We initiate coverage of Nissin Foods with a fair value estimate of JPY 6,600, and assign it narrow moat and stable moat trend ratings. Despite a rosy outlook in Brazil and China where earnings growth is expected to accelerate to double digits over the midterm, the upside seems to have been priced in, in our view. Our fair value estimate implies a fiscal 2018 (financial year ending March 2019) price/earnings of 26.7 times and enterprise value/EBITDA of 12 times, trading at a 10% premium to the se...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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