NTN Corporation

DB:NTN Stock Report

Market Cap: €686.2m

NTN Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
€4.53
Fair Value
71.5% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: NTN (€1.29) is trading below our estimate of fair value (€4.53)

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

Key Valuation Metric

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

Key metric: As NTN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NTN. This is calculated by dividing NTN's market cap by their current revenue.
What is NTN's PS Ratio?
PS Ratio0.1x
SalesJP¥831.26b
Market CapJP¥111.13b

Price to Sales Ratio vs Peers

How does NTN's PS Ratio compare to its peers?

The above table shows the PS ratio for NTN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
STM Stabilus
0.4x4.5%€542.2m
SLT Schaltbau Holding
1.3xn/a€665.7m
MUB Mühlbauer Holding
1.3xn/a€596.1m
MBH3 Maschinenfabrik Berthold Hermle
1.6xn/a€850.0m
NTN NTN
0.1x0.3%€111.1b

Price-To-Sales vs Peers: NTN is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

How does NTN's PS Ratio compare vs other companies in the DE Machinery Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.6x5.1%
NTN NTN
 0.1x0.3%US$780.44m
HDD Heidelberger Druckmaschinen
0.1x2.1%US$375.92m
SF3 STS Group
0.06x1.9%US$20.83m
NTN 0.1xIndustry Avg. 0.6xNo. of Companies9PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.6x14.2%
NTN NTN
 0.1x108.3%US$780.44m
No more companies

Price-To-Sales vs Industry: NTN is good value based on its Price-To-Sales Ratio (0.1x) compared to the German Machinery industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

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

NTN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: NTN is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

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 NTN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.29
€1.55
+20.4%
7.2%€1.69€1.35n/a5
Apr ’26€1.42
€1.66
+16.7%
3.5%€1.76€1.60n/a5
Mar ’26€1.45
€1.66
+14.3%
3.5%€1.76€1.60n/a5
Feb ’26€1.48
€1.65
+11.4%
4.1%€1.74€1.56n/a5
Jan ’26€1.48
€1.66
+12.2%
4.3%€1.72€1.53n/a6
Dec ’25€1.43
€1.68
+17.7%
0.7%€1.69€1.66n/a5
Nov ’25€1.41
€1.68
+19.4%
0.7%€1.69€1.66n/a5
Oct ’25€1.57
€1.88
+19.5%
10.8%€2.28€1.77n/a5
Sep ’25€1.66
€1.88
+13.0%
10.3%€2.24€1.74n/a5
Aug ’25€1.77
€2.03
+14.9%
20.4%€2.90€1.66n/a6
Jul ’25€1.80
€2.03
+13.0%
20.4%€2.90€1.66n/a6
Jun ’25€1.84
€2.00
+8.6%
21.4%€2.89€1.65n/a6
May ’25€1.83
€2.06
+12.3%
21.4%€2.98€1.70n/a6
Apr ’25€1.89
€2.03
+7.2%
23.6%€3.01€1.60€1.426
Mar ’25€1.95
€1.99
+2.1%
25.2%€3.00€1.53€1.456
Feb ’25€1.64
€1.85
+12.7%
12.9%€2.28€1.58€1.485
Jan ’25€1.62
€1.87
+15.7%
12.2%€2.28€1.58€1.485
Dec ’24€1.65
€1.91
+15.5%
11.9%€2.20€1.53€1.436
Nov ’24€1.73
€2.00
+15.4%
13.1%€2.34€1.58€1.416
Oct ’24€1.77
€2.00
+12.8%
13.1%€2.34€1.58€1.576
Sep ’24€1.81
€2.00
+10.3%
13.1%€2.34€1.58€1.666
Aug ’24€1.99
€2.23
+11.8%
9.2%€2.57€1.99€1.776
Jul ’24€1.89
€2.21
+17.2%
9.9%€2.61€1.95€1.807
Jun ’24€1.82
€2.42
+32.8%
11.7%€2.89€2.01€1.847
May ’24€2.22
€2.94
+32.3%
21.9%€4.17€2.08€1.837
Apr ’24€2.30
€2.94
+27.7%
21.9%€4.17€2.08€1.897
AnalystConsensusTarget
Consensus Narrative from 5 Analysts
€1.55
Fair Value
17.0% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/17 12:55
End of Day Share Price 2025/04/17 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NTN Corporation is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tsutomu KijimaBarclays
Hideyuki MizunoBofA Global Research
Hisanori ShimoiCitigroup Inc