OTC · NTDOY

Nintendo Co., Ltd.

Technology · Electronic Gaming & Multimedia

$13.48▲ 1.97% ($0.26)today

As of 2:05 PM ET

52-week

$10.18$24.11

Market cap

$62.16B

P/E

19.86

Volume

229.13K

Shares outstanding

4.61B

What the market price implies · Reverse DCF

To support a price of $13.48, this model requires revenue to grow by 5.06%/yr over the next 10 years, compounded annually.

Historical revenue grew by 9.67%/yr over the past 4 years. The required annual growth rate is 4.61 percentage points lower.

Selected forecast · Base scenario

1.22%/yr · actual 10-year annualized revenue growth

Year 1 growth: 1.9%

Market-implied · Base operating assumptions + edited margins

5.06%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$13.48

Estimated value / share

$10.70

Base scenario

This estimate is 20.62% below the price used.

USD · TTM ending 2026-06-30

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 1.9% · Ending margin 19.73% · Discount rate 7.71%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 14, 2026, 6:05 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 14, 2026, 6:20 PM UTC · provider

Why this method?

FCFF is positive, but the series is too unstable to anchor a direct cash-flow CAGR and the business still fails the steady-state comparability checks. Use a revenue-and-margin transition model instead of normalizing and compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 12 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 2834.3%.

Do you have 5+ years of positive FCFF history? 12 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Operating margin moved 19.4 percentage points across the last five years, above the 10.0-point stability threshold, so steady-state FCFF is not a reliable anchor yet.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -43.4%Revenue (TTM): 54.06%P/FCF: 75th pct

What changed

The stock fell 43.4% over the last year. Revenue grew 54.06% over the trailing twelve months. Operating margin moved from 19.12% to 19.73%.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently 19.73%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Nintendo Co., Ltd., along with its affiliated companies, is engaged in the global design, production, and distribution of consumer entertainment goods, serving markets across Japan, the Americas, Europe, and other international regions.

CEOShuntaro Furukawa

SectorTechnology

IndustryElectronic Gaming & Multimedia

Employees8,666

IPO dateNov 18, 1996

https://www.nintendo.com

Market multiples

Forward P/E—

EV/EBITDA21.92

Enterprise value$8.74T

Stock splits

Oct 4, 2022↑ Forward

Every 1 shares became 5

+400%

Profitability & growth

Revenue growth-8.34%

Gross margin (FY2026)39.3%▼21.7ppvs FY2025

Operating margin (FY2026)15.57%▼8.7ppvs FY2025

ROE17.26%▲1.5ppvs FY2026

Analyst consensus

RatingBuy

Target price—

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 3, 2026

Q4 FY26 · EPS est $0.11 · Revenue est $3.04B

View

Dividends

$0.34/shareSemi-annualEx-div Sep 29, 2026 · in 15dSafe

NTDOY pays a dividend with a 2.54% declared yield, covered 1.8× by free cash flow.

Declared Yield

2.54%

Annual Div / Share

$0.34

TTM $54.75

5yr CAGR

-2.94%

Dividend has been cut

Payout Ratio

31.1%

Safe

Dividend Growth Rate

3yr CAGR

-0.79%

5yr CAGR

-2.94%

10yr CAGR

+25.52%

Dividend Safety

9/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$0.34+59.5%

2025$0.21-18.0%

2024$0.26-25.4%

2023$0.35+7.8%

2022$0.32-18.2%

2021$0.40+3.4%

2020$0.38+116.2%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$25/yr

$2/mo

In 5 yrs

$25/yr

$2/mo

In 10 yrs

$25/yr

$2/mo

Today	In 5 yrs	In 10 yrs
$25/yr $2/mo	$25/yr $2/mo	$25/yr $2/mo

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 1.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

Dividend has been reduced

The 5-year dividend CAGR of -2.94% is negative, indicating the payout has been cut over this period.

OTC · NTDOY

Nintendo Co., Ltd.

Technology · Electronic Gaming & Multimedia

$13.48▲ 1.97% ($0.26)today

As of 2:05 PM ET

52-week

$10.18$24.11

Market cap

$62.16B

P/E

19.86

Volume

229.13K

Shares outstanding

4.61B

What the market price implies · Reverse DCF

To support a price of $13.48, this model requires revenue to grow by 5.06%/yr over the next 10 years, compounded annually.

Historical revenue grew by 9.67%/yr over the past 4 years. The required annual growth rate is 4.61 percentage points lower.

Selected forecast · Base scenario

1.22%/yr · actual 10-year annualized revenue growth

Year 1 growth: 1.9%

Market-implied · Base operating assumptions + edited margins

5.06%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$13.48

Estimated value / share

$10.70

Base scenario

This estimate is 20.62% below the price used.

USD · TTM ending 2026-06-30

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 1.9% · Ending margin 19.73% · Discount rate 7.71%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 14, 2026, 6:05 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 14, 2026, 6:20 PM UTC · provider

Why this method?

Is FCFF positive and has it been for 3+ consecutive years? 12 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 2834.3%.

Do you have 5+ years of positive FCFF history? 12 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -43.4%Revenue (TTM): 54.06%P/FCF: 75th pct

What changed

The stock fell 43.4% over the last year. Revenue grew 54.06% over the trailing twelve months. Operating margin moved from 19.12% to 19.73%.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently 19.73%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

CEOShuntaro Furukawa

SectorTechnology

IndustryElectronic Gaming & Multimedia

Employees8,666

IPO dateNov 18, 1996

https://www.nintendo.com

Market multiples

Forward P/E—

EV/EBITDA21.92

Enterprise value$8.74T

Stock splits

Oct 4, 2022↑ Forward

Every 1 shares became 5

+400%

Profitability & growth

Revenue growth-8.34%

Gross margin (FY2026)39.3%▼21.7ppvs FY2025

Operating margin (FY2026)15.57%▼8.7ppvs FY2025

ROE17.26%▲1.5ppvs FY2026

Analyst consensus

RatingBuy

Target price—

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 3, 2026

Q4 FY26 · EPS est $0.11 · Revenue est $3.04B

View

Dividends

$0.34/shareSemi-annualEx-div Sep 29, 2026 · in 15dSafe

NTDOY pays a dividend with a 2.54% declared yield, covered 1.8× by free cash flow.

Declared Yield

2.54%

Annual Div / Share

$0.34

TTM $54.75

5yr CAGR

-2.94%

Dividend has been cut

Payout Ratio

31.1%

Safe

Dividend Growth Rate

3yr CAGR

-0.79%

5yr CAGR

-2.94%

10yr CAGR

+25.52%

Dividend Safety

9/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$0.34+59.5%

2025$0.21-18.0%

2024$0.26-25.4%

2023$0.35+7.8%

2022$0.32-18.2%

2021$0.40+3.4%

2020$0.38+116.2%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$25/yr

$2/mo

In 5 yrs

$25/yr

$2/mo

In 10 yrs

$25/yr

$2/mo

Today	In 5 yrs	In 10 yrs
$25/yr $2/mo	$25/yr $2/mo	$25/yr $2/mo

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 1.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

Dividend has been reduced

The 5-year dividend CAGR of -2.94% is negative, indicating the payout has been cut over this period.