Added to YB: 2024-10-01
Pitch date: 2024-07-24
6701.T [bullish]
NEC Corporation
+74.72%
current return
Author Info
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Company Info
NEC Corporation provides information technology services and social infrastructure in Japan and internationally.
Market Cap
JPY 5.3T
Pitch Price
JPY 2.5K
Price Target
N/A
Dividend
1.00%
EV/EBITDA
10.11
P/E
19.76
EV/Sales
1.46
Sector
IT Services
Category
growth
Show full summary:
Lazard International Equity Portfolio New Position: NEC Corporation
6701.T: NEC well-positioned for Japan's digital transformation. IT Services margins improving from 8% to 13% by 2026 via standardization, pricing, restructuring. Defense & telecom margins also rising to double digits. Attractive valuation, net cash balance sheet, high single-digit ROE. Position initiated.
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