Skip to content
Company Analysis

Nomura Holdings Inc NMR

A comprehensive view of key metrics, scores, and financial health for Nomura Holdings Inc

Overview of Nomura Holdings, Inc.

NMR NYQ
Financial Services Capital Markets Framework: Asset Management & Capital Markets Large Cap
Nomura Holdings, Inc. (NMR), is a Large Cap company, in the Capital Markets industry, last closed at $9.11, about 113.8% undervalued vs fair value, +26.4% 1Y return, placing in the top 10% of its sector.
Metrics P/E 10.6× Rev Growth 10.8% ROE 10.1% Div Yield 4.82%
USD 9.11
1.33%
(Delayed)
• Vol 90d: 25.0%
52-Week Range
Market Cap
$26.64B
Enterprise Value
$109.40B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Weak
Valuation
Fair
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Weak
Valuation
Fair
Completeness: 88%
Confidence: 91%
Updated: Oct 24
Top Beats

Quick Facts

Website https://www.nomuraholdings.com
HQ Tokyo
Employees 27,242
Fiscal year Mar 31

Next Events

Earnings Oct 28 Call: Oct 28

Fair Value Snapshot

Bear Base Bull
$15
$19
$27
Current: $9.11 +114% vs base

Engine Room Money Flow™

Large Cap

Asset Management & Capital Markets - Where revenue goes and how value is created

Flow Steps
Total Revenue
JPY 1.8T
10.8%%
Operating Income (FRE Proxy)
JPY 472.0B
72.3%%
EBITDA
JPY 533.6B
59.2%%
Net Income
JPY 362.1B
6.3%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Asset Management & Capital Markets

Quality & Reliability Indicators

Operating Margin (FRE Proxy)
25.6%
Good

Operating Income / Revenue — proxy for Fee-Related Earnings margin

Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

JPY 281.2B
77.7% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
3
Active Leaks
1/3
Improving
0
High Impact
3
Critical
Locked Leak
Upgrade to view details
Premium
Locked Leak
Upgrade to view details
Premium
Moat Analysis Asset Management Specialized

Competitive Advantage Assessment

Evaluating Nomura Holdings Inc's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
59
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Premium Fee Margins Fee margin quality is strong (score 0.75).
  • Lean Compensation Structure Compensation discipline is strong (cost efficiency score 0.75).

Key risks

  • Weak Cash Conversion Cash conversion is weak (score 0.30).
  • Elevated Leverage Leverage is elevated vs peers (score 0.07).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Fee Revenue Quality

Strong
76
Premium

Signals, strengths and risks for Fee Revenue Quality

Premium

Signals, strengths and risks for Client Retention & Revenue Stickiness

Premium

Signals, strengths and risks for Compensation Discipline

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Earnings Quality & Cash Conversion

Premium

Signals, strengths and risks for Balance Sheet Strength

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Asset Managers, Capital Markets & Exchanges vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing NMR's balance between Growth (52.2%), Profitability (32.7%), and Safety (15.1%). Growth 52% Safety 15% Profitability 33%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
Upgrade to unlock the full 3-year trend analysis and deltas.

Growth

64th percentile vs peers
64
Key Signals
Rev Growth YoY 10.8% 61p EPS Growth YoY 7.2% 53p EPS CAGR 3Y 58.8% 91p Revenue CAGR 3Y 17.2% 63p
Strengths
  • EPS CAGR 3Y in top 20% of peers (58.8%, 91th percentile)
  • Growth above peer median with strong metric coverage (100%)
Risks

No significant risks identified for this axis.

Profitability

40th percentile vs peers
40
Key Signals
Strengths
Risks
Premium
Unlock full Profitability drilldowns

See the signal-level drivers and insights behind this axis. Upgrade to reveal the full Trade-Off Ledger.

Upgrade Now

Safety

18th percentile vs peers
19
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Nomura Holdings Inc.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
X.X%
-XX%XX%
XX.X%
-XX%XX%
Adjust the sliders above to explore different valuation scenarios.
Unlock Premium
Reveal the full Scenario Theatre
See live sliders, narratives, and full Bear/Base/Bull outcomes.
Upgrade Now
Bear
-
- - -
- upside
-
Base
$19.48
- - -
+113.8% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
Actions & Info
Send Feedback
Please select a category.
0/1000