Noevir Holdings Co., Ltd. (4928) AI Stock Analysis

• Market Cap: ¥150.63B
• Dividend Yield: 5.05%
• Average Volume (3M): 162.01K
• Price to Earnings (P/E): 19.8
• Beta (1Y): 0.42
• Revenue Growth: -1.63%
• EPS Growth: 1.81%
• Country: JP
• Employees: 1,369
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): 43.39
• Shares Outstanding: 34,156,624
• 10 Day Avg. Volume: 82,960
• 30 Day Avg. Volume: 162,006
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: ¥4,823.00 ▲(8.38% Upside)

Noevir Holdings scores well due to its strong financial performance and attractive valuation, particularly the high dividend yield. However, technical indicators suggest potential bearish momentum, which slightly offsets the overall score.

Noevir Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Noevir Holdings Co., Ltd. develops, produces, and sells cosmetics, pharmaceuticals, and health food products in Japan, China, Taiwan, South Korea, Hong Kong, Singapore, Thailand, the United States, Canada, and Russia. The company's Cosmetics segment develops, produces, and sells skincare products under various brands, including Noevir and Nameraka Honpo; and NOV hypoallergenic cosmetics, as well as provides contract manufacturing services for cosmetics and quasi drugs. Its Pharmaceutical & Health Food segment produces and sells Nanten Nodo Ame cough drops; functional drinks, such as the Min Min Da Ha; and over-the-counter pharmaceuticals comprising cold remedies, eye drops, and digestive aids, as well as nutritional supplements, and other products. The company's Other segment sells and leases apparels and aircrafts. The company also produces and sells toiletries; purchases and sells makeup products and vessels; and provides market research services. In addition, it provides air transportation, charter flights, ground handling, and hanger rental services; and aircraft flight training, as well as undertakes aviation-related operations. The company sells its products through drug stores, specialty goods and general merchandise stores, supermarkets, online stores, and convenience stores, as well as approximately 2,000 Noevir beauty studios and own retail stores. Noevir Holdings Co., Ltd. was founded in 1964 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Noevir Holdings generates revenue primarily through the sale of its cosmetic products, health supplements, and pharmaceuticals. The company operates a multi-channel distribution model, including direct sales through its network of sales representatives, online sales, and retail partnerships. Key revenue streams include sales from its skincare and makeup lines, which are targeted at both domestic and international markets. Additionally, Noevir engages in strategic partnerships with various retailers and e-commerce platforms, enhancing its market reach. The company's focus on research and development allows it to innovate and introduce new products, which further drives sales and contributes to its overall earnings.

Noevir Holdings Co., Ltd. Financial Statement Overview

Summary

Noevir Holdings demonstrates strong financial health with consistent profitability and a solid balance sheet. While revenue has recently declined, the company maintains efficient operations and low leverage. Cash flow metrics are stable, though there is potential for enhanced cash flow management.

Income Statement

Noevir Holdings shows strong profitability with a consistent gross profit margin around 67% and a stable net profit margin of approximately 12.5%. However, the recent TTM data indicates a slight revenue decline of 2.1%, contrasting with previous growth trends. EBIT and EBITDA margins remain healthy, reflecting efficient operations.

Balance Sheet

The company maintains a robust balance sheet with a low debt-to-equity ratio of 0.016, indicating minimal leverage. Return on equity is strong at 16.1%, showcasing effective use of equity. The equity ratio is solid, reflecting a stable financial position.

Cash Flow

Operating cash flow to net income ratio is moderate at 0.62, and free cash flow to net income ratio is healthy at 0.74. Free cash flow growth is positive at 8.5% in the TTM period, although it has fluctuated in prior years. Cash flow management appears stable but with room for improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	62.87B	63.82B	62.55B	61.14B	51.27B	51.84B
Gross Profit	42.40B	43.16B	42.56B	42.09B	33.03B	33.08B
EBITDA	11.77B	12.44B	12.24B	11.57B	10.05B	9.76B
Net Income	7.60B	7.97B	7.67B	7.59B	6.38B	5.62B
Balance Sheet
Total Assets	73.36B	76.47B	77.25B	76.78B	80.45B	80.05B
Cash, Cash Equivalents and Short-Term Investments	25.47B	29.22B	28.88B	29.75B	31.10B	29.46B
Total Debt	764.00M	828.00M	914.00M	1.00B	1.11B	1.22B
Total Liabilities	22.97B	22.57B	24.04B	24.40B	28.22B	27.81B
Stockholders Equity	49.82B	53.48B	52.79B	52.05B	51.93B	51.98B
Cash Flow
Free Cash Flow	5.51B	8.11B	6.57B	5.23B	8.63B	5.67B
Operating Cash Flow	7.40B	9.12B	7.62B	5.84B	9.06B	7.31B
Investing Cash Flow	-12.13B	1.52B	-3.54B	-255.00M	-416.00M	-1.61B
Financing Cash Flow	-7.87B	-7.71B	-7.49B	-7.38B	-7.18B	-6.96B

Noevir Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4450.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4928, the sentiment is Positive. The current price of 4450 is above the 20-day moving average (MA) of 4399.51, above the 50-day MA of 4422.27, and above the 200-day MA of 4213.70, indicating a bullish trend. The MACD of -1.52 indicates Negative momentum. The RSI at 58.36 is Neutral, neither overbought nor oversold. The STOCH value of 92.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4928.

Noevir Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4928	71 Outperform	¥150.63B	19.81	―	5.05%	-1.63%	1.81%
4927	66 Neutral	$292.91B	45.64	3.99%	3.91%	-0.89%	-34.14%
4912	65 Neutral	$422.57B	20.59	7.29%	1.86%	1.29%	4.72%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
4922	62 Neutral	$336.99B	112.52	1.11%	2.28%	2.82%	-79.45%
4967	57 Neutral	$382.46B	32.49	5.72%	1.94%	-6.64%	-13.78%
4911	56 Neutral	¥1.13T	496.62	―	1.82%	-3.60%	-112.93%

Noevir Holdings Co., Ltd. Corporate Events

Noevir Holdings Reports Decline in Nine-Month Financial Results

Noevir Holdings Co., Ltd. reported a decline in its financial performance for the first nine months of the fiscal year ending September 30, 2025, with net sales and operating income both experiencing decreases compared to the previous year. Despite the downturn, the company maintains its dividend forecast and anticipates slight growth in net sales and income for the full fiscal year, suggesting a cautious optimism in its future operations.