NGK Spark Plug
Market Cap
€3.0b
Last Updated
2020/09/30 21:36 UTC
Data Sources
Company Financials +
Executive Summary
NGK Spark Plug Co., Ltd., together with its subsidiaries, manufactures and sells spark plugs and related products for internal-combustion engines; and technical ceramics and applicable products in Japan. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average dividend payer.
Similar Companies
Share Price & News
How has NGK Spark Plug's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NGK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.7%
NGK
3.8%
DE Auto Components
0.7%
DE Market
1 Year Return
-17.2%
NGK
-16.4%
DE Auto Components
7.5%
DE Market
Return vs Industry: NGK exceeded the German Auto Components industry which returned -18.7% over the past year.
Return vs Market: NGK underperformed the German Market which returned 5.4% over the past year.
Shareholder returns
| NGK | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | 3.8% | 0.7% |
| 30 Day | 2.1% | 1.1% | -1.1% |
| 90 Day | 17.1% | 2.8% | 0.9% |
| 1 Year | -14.2%-17.2% | -13.6%-16.4% | 10.7%7.5% |
| 3 Year | -13.6%-21.2% | -50.9%-55.4% | 1.7%-7.2% |
| 5 Year | -25.5%-34.9% | -41.8%-48.6% | 31.1%12.4% |
Price Volatility Vs. Market
How volatile is NGK Spark Plug's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is NGK Spark Plug undervalued compared to its fair value and its price relative to the market?
14.2x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NGK (€14.4) is trading above our estimate of fair value (€12.93)
Significantly Below Fair Value: NGK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NGK is good value based on its PE Ratio (14.2x) compared to the XE Auto Components industry average (21.9x).
PE vs Market: NGK is good value based on its PE Ratio (14.2x) compared to the German market (22.1x).
Price to Earnings Growth Ratio
PEG Ratio: NGK is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: NGK is good value based on its PB Ratio (0.9x) compared to the DE Auto Components industry average (1.3x).
Next Steps
Future Growth
How is NGK Spark Plug forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
13.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NGK's forecast earnings growth (13.3% per year) is above the savings rate (0.2%).
Earnings vs Market: NGK's earnings (13.3% per year) are forecast to grow slower than the German market (27.8% per year).
High Growth Earnings: NGK's earnings are forecast to grow, but not significantly.
Revenue vs Market: NGK's revenue (3.6% per year) is forecast to grow slower than the German market (6.2% per year).
High Growth Revenue: NGK's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NGK's Return on Equity is forecast to be low in 3 years time (9.5%).
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Past Performance
How has NGK Spark Plug performed over the past 5 years?
3.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NGK has high quality earnings.
Growing Profit Margin: NGK's current net profit margins (6.7%) are lower than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: NGK's earnings have grown by 3% per year over the past 5 years.
Accelerating Growth: NGK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NGK had negative earnings growth (-31.9%) over the past year, making it difficult to compare to the Auto Components industry average (-45.5%).
Return on Equity
High ROE: NGK's Return on Equity (6.6%) is considered low.
Next Steps
Financial Health
How is NGK Spark Plug's financial position?
Financial Position Analysis
Short Term Liabilities: NGK's short term assets (¥340.9B) exceed its short term liabilities (¥120.3B).
Long Term Liabilities: NGK's short term assets (¥340.9B) exceed its long term liabilities (¥175.2B).
Debt to Equity History and Analysis
Debt Level: NGK's debt to equity ratio (46.2%) is considered high.
Reducing Debt: NGK's debt to equity ratio has increased from 15.3% to 46.2% over the past 5 years.
Debt Coverage: NGK's debt is well covered by operating cash flow (29.2%).
Interest Coverage: NGK earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is NGK Spark Plug current dividend yield, its reliability and sustainability?
2.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NGK's dividend (2.73%) is higher than the bottom 25% of dividend payers in the German market (1.15%).
High Dividend: NGK's dividend (2.73%) is low compared to the top 25% of dividend payers in the German market (3.67%).
Stability and Growth of Payments
Stable Dividend: NGK's dividends per share have been stable in the past 10 years.
Growing Dividend: NGK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.3%), NGK's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average board tenure
CEO
NGK Spark Plug has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.25yrs | no data | 0.0020% ¥ 59.2k | |
| Managing Officer & Director | 2.25yrs | no data | 0.0025% ¥ 73.9k | |
| Executive Vice President & Director | 2.25yrs | no data | 0.0025% ¥ 73.9k | |
| Executive Officer & Director | 3.25yrs | no data | 0.0015% ¥ 44.2k | |
| Executive Officer & Director | 2.25yrs | no data | 0.0044% ¥ 132.9k | |
| Executive Officer & Director | 1.25yrs | no data | 0.00049% ¥ 14.7k | |
| Chairman of the Board | 4.42yrs | JP¥129.00m | 0.010% ¥ 310.2k | |
| Independent Outside Director | 7.25yrs | no data | 0.00049% ¥ 14.7k | |
| Independent Outside Director | 6.25yrs | no data | 0.00049% ¥ 14.7k | |
| Audit & Supervisory Board Member | 1.25yrs | no data | 0.0029% ¥ 88.7k | |
| Independent Outside Director | 1.25yrs | no data | no data | |
| Standing Audit & Supervisory Board Member | 3.25yrs | no data | 0.00098% ¥ 29.5k |
2.8yrs
Average Tenure
69yo
Average Age
Experienced Board: NGK's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
NGK Spark Plug Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: NGK Spark Plug Co., Ltd.
- Ticker: NGK
- Exchange: DB
- Founded: 1936
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: JP¥372.282b
- Listing Market Cap: JP¥3.006b
- Shares outstanding: 203.43m
- Website: https://www.ngkntk.co.jp/english
Number of Employees
Location
- NGK Spark Plug Co., Ltd.
- 14-18, Takatsuji-cho
- Mizuho-ku
- Nagoya
- Aichi
- 467-8525
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NGK | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
| 5334 | TSE (The Tokyo Stock Exchange) | Yes | Common Stock | JP | JPY | Jan 1992 |
| NGKS.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jan 1992 |
| NGKS.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Oct 2008 |
Biography
NGK Spark Plug Co., Ltd., together with its subsidiaries, manufactures and sells spark plugs and related products for internal-combustion engines; and technical ceramics and applicable products in Japan. I ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/30 21:36 |
| End of Day Share Price | 2020/09/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.