Nidec Corporation

DB:NIB Stock Report

Market Cap: €20.4b

Nidec Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 NIB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NIB (€17.6) is trading below our estimate of fair value (€23.08)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NIB. This is calculated by dividing NIB's market cap by their current earnings.
What is NIB's PE Ratio?
PE Ratio34.5x
EarningsJP¥95.18b
Market CapJP¥3.28t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NIB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.2x
OSR OSRAM Licht
81.3xn/a€4.8b
SGL SGL Carbon
7.3x17.7%€502.5m
ENR Siemens Energy
31.9x23.5%€37.8b
F3C SFC Energy
12.4x4.2%€289.3m
NIB Nidec
34.5x22.7%€3.3t

Price-To-Earnings vs Peers: NIB is expensive based on its Price-To-Earnings Ratio (34.5x) compared to the peer average (33.2x).

Price to Earnings Ratio vs Industry

How does NIB's PE Ratio compare vs other companies in the European Electrical Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NIB 34.5xIndustry Avg. 16.3xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NIB is expensive based on its Price-To-Earnings Ratio (34.5x) compared to the European Electrical industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is NIB'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.

NIB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.5x
Fair PE Ratio26x

Price-To-Earnings vs Fair Ratio: NIB is expensive based on its Price-To-Earnings Ratio (34.5x) compared to the estimated Fair Price-To-Earnings Ratio (26x).

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 NIB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.60
€24.78
+40.8%
17.1%€30.90€15.81n/a17
Nov ’25€18.03
€24.74
+37.2%
17.1%€30.86€15.79n/a17
Oct ’25€18.29
€26.07
+42.6%
17.8%€32.09€16.68n/a17
Sep ’25€18.20
€25.79
+41.7%
16.9%€31.32€16.28n/a17
Aug ’25€20.30
€25.59
+26.1%
16.0%€30.78€15.99n/a17
Jul ’25€20.34
€24.42
+20.0%
15.0%€30.23€15.71n/a18
Jun ’25€22.78
€23.67
+3.9%
17.5%€29.94€13.50n/a18
May ’25€22.24
€23.24
+4.5%
16.5%€30.29€13.66n/a18
Apr ’25€19.50
€23.02
+18.1%
17.5%€31.45€14.18n/a18
Mar ’25€17.42
€23.72
+36.2%
19.3%€32.79€14.37n/a18
Feb ’25€16.94
€23.85
+40.8%
19.8%€32.87€14.40n/a17
Jan ’25€18.33
€26.14
+42.6%
20.3%€36.44€14.83n/a18
Dec ’24€17.00
€25.11
+47.7%
20.1%€34.96€14.23n/a18
Nov ’24€17.13
€26.62
+55.4%
20.0%€35.44€14.43€18.0318
Oct ’24€22.10
€28.77
+30.2%
18.2%€35.95€14.64€18.2918
Sep ’24€23.88
€28.69
+20.2%
18.0%€35.60€14.49€18.2019
Aug ’24€27.23
€29.43
+8.1%
18.9%€37.04€15.41€20.3019
Jul ’24€24.72
€27.47
+11.1%
17.9%€36.60€15.22€20.3419
Jun ’24€23.60
€27.88
+18.1%
18.7%€37.71€15.35€22.7818
May ’24€22.22
€28.11
+26.5%
19.8%€37.45€15.25€22.2418
Apr ’24€23.41
€32.56
+39.1%
18.8%€41.67€15.97€19.5018
Mar ’24€23.57
€34.21
+45.1%
17.9%€43.68€16.08€17.4218
Feb ’24€25.05
€34.87
+39.2%
17.0%€44.18€17.67€16.9418
Jan ’24€24.02
€37.53
+56.3%
17.2%€43.35€20.81€18.3318
Dec ’23€30.45
€36.90
+21.2%
16.6%€42.53€21.78€17.0018
Nov ’23€27.45
€37.24
+35.7%
16.1%€42.71€21.87€17.1318

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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