Nomura Holdings Inc.
Nomura Holdings Inc. (NYSE: NMR) is a global financial services corporation operating in over 30 countries. Through its three business segments, Retail, Wholesale (Global Markets and Investment Banking), and Asset Management, NMR addresses the needs of individuals, institutions, businesses, and governments by connecting markets East and West.
Why Should Investors Make An Exit?
Valuation Methodology: Price/Earnings Value Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
NMR's share price has declined 17.01% in the past six months and is currently trading at the 52-week low of its range of USD 4.05 to USD 5.65. We have valued the stock using the Price/Earnings Value-based relative valuation methodology and arrived at a target price of USD 3.63.
Considering the company's highly leveraged balance sheet, weak margins, current valuation and associated risks. We recommend a "Sell" rating on the stock at the current price of USD 4.05, down 0.49% as of April 11, 2022, at 10:37 AM PDT.
Three-Year Technical Price Chart (as of April 11, 2022, at 10:37 AM PDT). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.