Niterra Co., Ltd.

DB:NGK Stock Report

Market Cap: €5.9b

Niterra Valuation

Is NGK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NGK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NGK (€29.6) is trading below our estimate of fair value (€42.77)

Significantly Below Fair Value: NGK is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NGK?

Key metric: As NGK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NGK. This is calculated by dividing NGK's market cap by their current earnings.
What is NGK's PE Ratio?
PE Ratio10.9x
EarningsJP¥86.86b
Market CapJP¥948.53b

Price to Earnings Ratio vs Peers

How does NGK's PE Ratio compare to its peers?

The above table shows the PE ratio for NGK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.7x
SHA0 Schaeffler
29.7x71.5%€4.3b
HLE HELLA GmbH KGaA
28.6x17.1%€9.4b
CON Continental
12.4x23.4%€12.5b
SFQ SAF-Holland
8.2x14.3%€630.1m
NGK Niterra
10.9x6.2%€948.5b

Price-To-Earnings vs Peers: NGK is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (19.7x).

Price to Earnings Ratio vs Industry

How does NGK's PE Ratio compare vs other companies in the European Auto Components Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
NGK 10.9xIndustry Avg. 9.1xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NGK is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the European Auto Components industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is NGK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NGK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ratio7.2x

Price-To-Earnings vs Fair Ratio: NGK is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (7.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NGK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€29.60
€30.89
+4.4%
9.2%€35.88€25.98n/a10
Nov ’25€27.40
€30.21
+10.3%
9.2%€35.10€25.41n/a10
Oct ’25€25.00
€31.82
+27.3%
8.3%€38.39€28.32n/a11
Sep ’25€26.40
€32.24
+22.1%
10.2%€38.70€28.87n/a11
Aug ’25€25.00
€32.06
+28.3%
10.6%€38.84€28.98n/a11
Jul ’25€26.60
€28.76
+8.1%
13.9%€34.82€18.57n/a11
Jun ’25€27.00
€28.42
+5.3%
17.7%€36.83€19.01n/a12
May ’25€30.00
€28.42
-5.3%
17.7%€36.83€19.01n/a12
Apr ’25€29.80
€25.19
-15.5%
23.6%€33.89€13.55n/a11
Mar ’25€27.40
€23.29
-15.0%
19.8%€30.19€13.83n/a10
Feb ’25€24.40
€23.29
-4.6%
19.8%€30.19€13.83n/a10
Jan ’25€20.80
€21.49
+3.3%
14.0%€25.80€14.19n/a10
Dec ’24€21.00
€20.87
-0.6%
13.3%€25.28€13.90n/a11
Nov ’24€20.80
€20.87
+0.4%
13.3%€25.28€13.90€27.4011
Oct ’24€20.80
€19.39
-6.8%
15.0%€23.43€13.93€25.0011
Sep ’24€21.00
€18.22
-13.2%
15.7%€23.38€13.35€26.4013
Aug ’24€19.70
€17.76
-9.8%
14.4%€23.65€13.51€25.0013
Jul ’24€17.80
€16.99
-4.6%
11.9%€22.17€13.38€26.6013
Jun ’24€16.70
€17.97
+7.6%
11.9%€23.44€14.15€27.0013
May ’24€18.50
€18.10
-2.2%
12.4%€23.60€14.25€30.0013
Apr ’24€18.40
€18.31
-0.5%
10.7%€22.22€14.67€29.8013
Mar ’24€18.70
€18.39
-1.6%
11.4%€22.30€14.72€27.4013
Feb ’24€17.70
€18.62
+5.2%
11.3%€22.61€14.93€24.4012
Jan ’24€16.80
€19.50
+16.1%
13.4%€23.95€14.46€20.8012
Dec ’23€18.00
€19.50
+8.3%
13.4%€23.95€14.46€21.0012
Nov ’23€19.00
€19.34
+1.8%
13.0%€23.15€14.38€20.8012

Analyst Forecast: Target price is less than 20% higher than the current share price.

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