Why Nippon Steel's (TSE:5401) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 19
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Japanese (NIKKEI) Steel Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies42
- 7D-0.07%
- 3M-4.5%
- 1Y-8.2%
- YTDn/a
In the last week, Steel has been flat. Unfortunately though, the industry is down 6.7% over the past 12 months. As for the next few years, earnings are expected to grow by 8.3% per annum.
Industry Valuation and Performance
Has the Japanese Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | JP¥7.5t | JP¥22.2t | JP¥970.5b | 8.6x | 7.7x | 0.3x |
| Sat, 19 Oct 2024 | JP¥7.4t | JP¥22.3t | JP¥1.1t | 9.1x | 6.7x | 0.3x |
| Mon, 16 Sep 2024 | JP¥7.2t | JP¥22.3t | JP¥1.1t | 9.1x | 6.6x | 0.3x |
| Wed, 14 Aug 2024 | JP¥7.3t | JP¥22.3t | JP¥1.1t | 9x | 6.7x | 0.3x |
| Fri, 12 Jul 2024 | JP¥8.3t | JP¥22.4t | JP¥1.2t | 10.1x | 7.1x | 0.4x |
| Sun, 09 Jun 2024 | JP¥8.1t | JP¥22.4t | JP¥1.2t | 8.7x | 6.8x | 0.4x |
| Tue, 07 May 2024 | JP¥8.2t | JP¥22.3t | JP¥1.2t | 8.5x | 6.6x | 0.4x |
| Thu, 04 Apr 2024 | JP¥8.5t | JP¥22.3t | JP¥1.2t | 8.7x | 6.8x | 0.4x |
| Sat, 02 Mar 2024 | JP¥8.7t | JP¥22.3t | JP¥1.2t | 8.7x | 7x | 0.4x |
| Mon, 29 Jan 2024 | JP¥9.0t | JP¥23.4t | JP¥1.2t | 7.9x | 7.2x | 0.4x |
| Wed, 27 Dec 2023 | JP¥8.4t | JP¥23.4t | JP¥1.3t | 7.4x | 6.7x | 0.4x |
| Fri, 24 Nov 2023 | JP¥8.7t | JP¥23.4t | JP¥1.3t | 7.4x | 7x | 0.4x |
| Sun, 22 Oct 2023 | JP¥8.2t | JP¥23.1t | JP¥1.2t | 7.1x | 6.7x | 0.4x |
| Tue, 19 Sep 2023 | JP¥9.0t | JP¥23.1t | JP¥1.2t | 7.7x | 7.3x | 0.4x |
| Thu, 17 Aug 2023 | JP¥8.3t | JP¥23.1t | JP¥1.2t | 6.9x | 6.8x | 0.4x |
| Sat, 15 Jul 2023 | JP¥7.6t | JP¥22.7t | JP¥1.3t | 6.8x | 5.9x | 0.3x |
| Mon, 12 Jun 2023 | JP¥7.3t | JP¥22.7t | JP¥1.3t | 6.6x | 5.7x | 0.3x |
| Wed, 10 May 2023 | JP¥7.4t | JP¥22.4t | JP¥1.2t | 6.8x | 6x | 0.3x |
| Fri, 07 Apr 2023 | JP¥6.8t | JP¥22.3t | JP¥1.3t | 6.6x | 5.5x | 0.3x |
| Sun, 05 Mar 2023 | JP¥7.4t | JP¥22.3t | JP¥1.3t | 7.5x | 5.9x | 0.3x |
| Tue, 31 Jan 2023 | JP¥6.6t | JP¥21.6t | JP¥1.4t | 6.2x | 4.8x | 0.3x |
| Thu, 29 Dec 2022 | JP¥6.0t | JP¥21.5t | JP¥1.4t | 5.9x | 4.4x | 0.3x |
| Sat, 26 Nov 2022 | JP¥6.0t | JP¥21.5t | JP¥1.4t | 5.7x | 4.4x | 0.3x |
| Mon, 24 Oct 2022 | JP¥5.5t | JP¥20.6t | JP¥1.4t | 5.7x | 4x | 0.3x |
| Wed, 21 Sep 2022 | JP¥5.8t | JP¥20.6t | JP¥1.4t | 5.8x | 4.3x | 0.3x |
| Fri, 19 Aug 2022 | JP¥5.6t | JP¥20.6t | JP¥1.4t | 5.9x | 4.1x | 0.3x |
| Sun, 17 Jul 2022 | JP¥5.4t | JP¥19.4t | JP¥1.2t | 6.5x | 4.4x | 0.3x |
| Tue, 14 Jun 2022 | JP¥5.6t | JP¥19.4t | JP¥1.2t | 6.7x | 4.6x | 0.3x |
| Thu, 12 May 2022 | JP¥5.4t | JP¥19.3t | JP¥1.2t | 6.9x | 4.4x | 0.3x |
| Sat, 09 Apr 2022 | JP¥5.4t | JP¥18.2t | JP¥1.1t | 7.7x | 4.8x | 0.3x |
| Mon, 07 Mar 2022 | JP¥5.7t | JP¥18.1t | JP¥1.1t | 8.2x | 5x | 0.3x |
| Wed, 02 Feb 2022 | JP¥5.2t | JP¥16.9t | JP¥912.5b | 9x | 5.7x | 0.3x |
| Fri, 31 Dec 2021 | JP¥5.3t | JP¥16.8t | JP¥907.1b | 9x | 5.9x | 0.3x |
| Sun, 28 Nov 2021 | JP¥5.2t | JP¥16.8t | JP¥904.7b | 9x | 5.7x | 0.3x |
Price to Earnings Ratio
5.7x
Current Industry PE
- Investors are optimistic on the Japanese Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 7.8x which is higher than its 3-year average PE of 5.8x.
- The industry is trading close to its 3-year average PS ratio of 0.33x.
Past Earnings Growth
- The earnings for companies in the Steel industry have grown 2.4% per year over the last three years.
- Revenues for these companies have grown 9.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Japanese Steel compare with similar industries?
| JP Market | -0.44% | |
| Materials | -1.08% | |
| Metals and Mining | 0.27% | |
| Steel | -0.07% | |
| Copper | 9.03% | |
| Aluminum | 4.84% | |
| Diversified Metals and Mining | 0.75% | |
| Gold | 0% | |
| Silver | 0% | |
| Precious Metals and Minerals | -2.53% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 5401 Nippon Steel | JP¥3.11k | 1.5% +JP¥47.0b | -9.7% | PE6.6x | |
| 5463 Maruichi Steel Tube | JP¥3.31k | 2.3% +JP¥5.9b | -14.1% | PE13.8x | |
| 5440 Kyoei Steel | JP¥1.76k | 3.6% +JP¥2.7b | -15.9% | PE6.9x | |
| 5406 Kobe Steel | JP¥1.62k | 0.4% +JP¥2.4b | -6.2% | PE7.5x | |
| 5563 Nippon Denko | JP¥292.00 | 2.8% +JP¥1.1b | -3.3% | PE7.8x |
