Discounted Cash Flow
Nomura Holdings Inc. ADR
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2017 | $11.1b | $1.6b | $6.4b | 14.0% | $67.29 |
| 2018 | $12.8b (15.0%) | $1.4b (-8.5%) | $-4.7b (-173.7%) | 11.1% (-20.4%) | $63.13 (-6.2%) |
| 2019 | $4.5b (-64.8%) | $-651.9m (-145.8%) | $-4.4b (6.9%) | -14.5% (-230.1%) | $-29.90 (-147.4%) |
| 2020 | $4.5b (0.8%) | $1.4b (316.0%) | $-1.4b (67.3%) | 31.0% (314.3%) | $67.76 (326.6%) |
| 2021 | $4.9b (8.5%) | $993.7m (-29.4%) | $3.5b (345.1%) | 20.2% (-35.0%) | $50.11 (-26.0%) |
| 2022 | $5.1b (4.1%) | $928.0m (-6.6%) | $928.0m (-73.8%) | 18.1% (-10.3%) | $46.68 (-6.8%) |
| 2023 | $4.6b (-10.5%) | $602.2m (-35.1%) | $-5.6b (-705.6%) | 13.1% (-27.5%) | $30.86 (-33.9%) |
| 2024 | $5.8b (26.6%) | $1.1b (78.8%) | $-85.3m (98.5%) | 18.5% (41.2%) | $54.97 (78.1%) |
| 2025 | $6.9b (19.2%) | $2.2b (105.4%) | $-5.6b (-6508.2%) | 31.9% (72.3%) | $115.30 (109.8%) |
| 2026 | $7.8b (12.7%) | $2.4b (6.3%) | $-7.8b (-37.8%) | 30.1% (-5.7%) | $123.08 (6.7%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in JPY. Values above are converted to USD for comparison with the US-listed share price.
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Net debt deduction: —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.