(NMR) Nomura Holdings - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NYSE (USA) | Market Cap: 23.410m USD | Total Return: 38.4% in 12m
Avg Turnover: 10.9M
EPS Trend: 21.0%
Qual. Beats: 0
Rev. Trend: 84.8%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Nomura Holdings, Inc. is a Tokyo-based financial services group providing investment banking, asset management, and wealth management services to global clients. The firm operates through three primary divisions: Wealth Management, Investment Management, and Wholesale, which encompasses capital markets trading and advisory services. Originally founded in 1925, the company transitioned to a holding company structure in 2001 to manage its diverse financial operations.
The investment banking sector typically generates revenue through underwriting fees and trading spreads, making performance sensitive to global capital market volatility and interest rate environments. As a major Japanese financial institution, Nomura serves as a primary intermediary for international investors seeking exposure to Asian equity and debt markets. Examining the underlying fundamentals on ValueRay can provide further clarity on the companys valuation.
- Japanese interest rate normalization impacts net interest margins and trading revenue
- Global equity market volatility drives investment banking and brokerage fee income
- Wealth Management expansion targets recurring revenue growth to offset trading cyclicality
- Cost reduction initiatives and structural reforms influence long-term operating profit margins
- Regulatory oversight of capital ratios and risk management affects shareholder returns
| Net Income: 362b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.38 > 1.0 |
| NWC/Revenue: 370.9% < 20% (prev -591.3%; Δ 962.2% < -1%) |
| CFO/TA -0.01 > 3% & CFO -843b > Net Income 362b |
| Net Debt (12453b) to EBITDA (608b): 20.48 < 3 |
| Current Ratio: 1.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.04b) vs 12m ago -1.09% < -2% |
| Gross Margin: 45.55% > 18% (prev 0.37%; Δ 4.52k% > 0.5%) |
| Asset Turnover: 7.97% > 50% (prev 7.93%; Δ 0.04% > 0%) |
| Interest Coverage Ratio: 0.21 > 6 (EBITDA TTM 608b / Interest Expense TTM 2591b) |
| A: 0.28 (Total Current Assets 59084b - Total Current Liabilities 41432b) / Total Assets 62646b |
| B: 0.03 (Retained Earnings 2014b / Total Assets 62646b) |
| C: 0.01 (EBIT TTM 540b / Avg Total Assets 59724b) |
| D: 0.05 (Book Value of Equity 3157b / Total Liabilities 58791b) |
| Altman-Z'' = 2.07 = BBB |
| DSRI: 1.04 (Receivables 1798b/1641b, Revenue 4758b/4504b) |
| GMI: 0.81 (GM 45.55% / 36.86%) |
| AQI: 0.06 (AQ_t 0.05 / AQ_t-1 0.87) |
| SGI: 1.06 (Revenue 4758b / 4504b) |
| TATA: 0.02 (NI 362b - CFO -843b) / TA 62646b) |
| Beneish M = -3.67 (Cap -4..+1) = AAA |
As of May 24, 2026, the stock is trading at USD 8.22 with a total of 1,309,097 shares traded.
Over the past week, the price has changed by +1.37%,
over one month by -2.52%,
over three months by -10.49% and
over the past year by +38.39%.
Nomura Holdings has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold NMR.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 9.4 | 13.7% |
P/E Forward = 15.3846
P/S = 0.0108
P/B = 0.9687
P/EG = 0.8146
Revenue TTM = 4758b USD
EBIT TTM = 540b USD
EBITDA TTM = 608b USD
Long Term Debt = 15283b USD (from longTermDebt, two quarters ago)
Short Term Debt = 1753b USD (from shortTermDebt, last quarter)
Debt = 17461b USD (from shortLongTermDebtTotal, last quarter) + Leases 164b
Net Debt = 12453b USD (calculated: Debt 17461b - CCE 5008b)
Enterprise Value = 12476b USD (23.4b + Debt 17461b - CCE 5008b)
Interest Coverage Ratio = 0.21 (Ebit TTM 540b / Interest Expense TTM 2591b)
EV/FCF = -10.42x (Enterprise Value 12476b / FCF TTM -1197b)
FCF Yield = -9.59% (FCF TTM -1197b / Enterprise Value 12476b)
FCF Margin = -25.15% (FCF TTM -1197b / Revenue TTM 4758b)
Net Margin = 7.61% (Net Income TTM 362b / Revenue TTM 4758b)
Gross Margin = 45.55% ((Revenue TTM 4758b - Cost of Revenue TTM 2591b) / Revenue TTM)
Gross Margin QoQ = 53.22% (prev 42.40%)
Tobins Q-Ratio = 0.20 (Enterprise Value 12476b / Total Assets 62646b)
Interest Expense / Debt = 14.84% (Interest Expense 2591b / Debt 17461b)
Taxrate = 28.89% (31.1b / 108b)
NOPAT = 384b (EBIT 540b * (1 - 28.89%))
Current Ratio = 1.43 (Total Current Assets 59084b / Total Current Liabilities 41432b)
Debt / Equity = 4.71 (Debt 17461b / totalStockholderEquity, last quarter 3708b)
Debt / EBITDA = 20.48 (Net Debt 12453b / EBITDA 608b)
Debt / FCF = -10.41 (negative FCF - burning cash) (Net Debt 12453b / FCF TTM -1197b)
Total Stockholder Equity = 3580b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.61% (Net Income 362b / Total Assets 62646b)
RoE = 10.11% (Net Income TTM 362b / Total Stockholder Equity 3580b)
RoCE = 2.86% (EBIT 540b / Capital Employed (Equity 3580b + L.T.Debt 15283b))
RoIC = 1.67% (NOPAT 384b / Invested Capital 22966b)
WACC = 10.55% (E(23.4b)/V(17485b) * Re(11.59%) + D(17461b)/V(17485b) * Rd(14.84%) * (1-Tc(0.29)))
Discount Rate = 11.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -60.0 | Cagr: -1.35%
[DCF] Fair Price = unknown (Cash Flow -1197b)
EPS Correlation: 20.97 | EPS CAGR: 56.53% | SUE: -0.01 | # QB: 0
Revenue Correlation: 84.76 | Revenue CAGR: 22.62% | SUE: 2.19 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.22 | Chg30d=+24.16% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.18 | Chg30d=+1.26% | Revisions=+20% | Analysts=1
EPS current Year (2027-03-31): EPS=0.79 | Chg30d=+5.57% | Revisions=+20% | GrowthEPS=+1.9% | GrowthRev=-0.8%