Nichicon Corporation

DB:NH4 Stock Report

Market Cap: €462.0m

Nichicon Valuation

Is NH4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 NH4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€15.00
Fair Value
55.0% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: NH4 (€6.75) is trading below our estimate of fair value (€15)

Significantly Below Fair Value: NH4 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NH4?

Key metric: As NH4 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NH4. This is calculated by dividing NH4's market cap by their current earnings.
What is NH4's PE Ratio?
PE Ratio13.1x
EarningsJP¥5.88b
Market CapJP¥76.76b

Price to Earnings Ratio vs Peers

How does NH4's PE Ratio compare to its peers?

The above table shows the PE ratio for NH4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.3x
S9I Stemmer Imaging
43.8xn/a€349.7m
JEN Jenoptik
12.8x12.56%€1.1b
M7U Nynomic
27.2x35.04%€91.3m
FEW Funkwerk
13.5xn/a€217.6m
NH4 Nichicon
13.1x11.34%€76.8b

Price-To-Earnings vs Peers: NH4 is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (24.3x).

Price to Earnings Ratio vs Industry

How does NH4's PE Ratio compare vs other companies in the European Electronic Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NH4 13.1xIndustry Avg. 20.1xNo. of Companies14PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NH4 is good value based on its Price-To-Earnings Ratio (13.1x) compared to the European Electronic industry average (20.8x).

Price to Earnings Ratio vs Fair Ratio

What is NH4'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.

NH4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.1x
Fair PE Ratio12.9x

Price-To-Earnings vs Fair Ratio: NH4 is expensive based on its Price-To-Earnings Ratio (13.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.9x).

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 NH4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.75
€8.08
+19.77%
6.96%€9.02€7.52n/a5
Jun ’26€7.10
€8.32
+17.12%
6.29%€9.21€7.80n/a5
May ’26€7.05
€8.40
+19.22%
8.82%€9.27€7.42n/a5
Apr ’26€7.35
€7.89
+7.34%
15.15%€9.25€6.16n/a5
Mar ’26€7.85
€7.81
-0.55%
10.87%€8.96€6.40n/a5
Feb ’26€6.65
€6.84
+2.88%
13.02%€8.02€5.68n/a6
Jan ’26€6.50
€6.98
+7.34%
12.72%€8.12€5.75n/a6
Dec ’25€6.40
€6.81
+6.46%
12.72%€7.93€5.61n/a6
Nov ’25€5.90
€6.50
+10.17%
12.10%€7.84€5.55n/a6
Oct ’25€6.00
€7.01
+16.84%
11.35%€8.31€6.29n/a5
Sep ’25€6.00
€7.89
+31.57%
12.95%€9.37€6.25n/a5
Aug ’25€6.45
€8.07
+25.10%
6.13%€8.65€7.49n/a5
Jul ’25€6.80
€8.59
+26.35%
10.24%€10.14€7.76n/a5
Jun ’25€6.50
€8.59
+32.18%
10.24%€10.14€7.76€7.105
May ’25€7.75
€8.99
+16.02%
11.68%€10.95€8.03€7.055
Apr ’25€7.55
€9.21
+22.05%
11.30%€10.93€8.20€7.354
Mar ’25€7.40
€9.76
+31.84%
13.12%€11.03€8.27€7.854
Feb ’25€7.80
€10.54
+35.14%
10.34%€11.87€9.06€6.654
Jan ’25€8.05
€10.96
+36.19%
9.30%€12.25€9.67€6.504
Dec ’24€8.80
€10.64
+20.93%
8.54%€11.76€9.28€6.405
Nov ’24€7.65
€10.64
+39.14%
8.71%€11.49€9.25€5.905
Oct ’24€8.70
€10.69
+22.89%
9.91%€12.03€9.18€6.005
Sep ’24€8.70
€10.36
+19.14%
9.61%€12.01€9.16€6.006
Aug ’24€8.75
€10.49
+19.90%
8.39%€12.08€9.54€6.456
Jul ’24€9.40
€10.88
+15.75%
6.09%€11.72€10.04€6.806
Jun ’24€8.55
€10.86
+26.97%
6.84%€11.75€9.74€6.506
AnalystConsensusTarget
Consensus Narrative from 5 Analysts
€7.94
Fair Value
15.0% undervalued intrinsic discount
5
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/13 12:09
End of Day Share Price 2025/06/13 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

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

Nichicon Corporation is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Masashi KubotaBofA Global Research
Liliko TakayamaCitigroup Inc
Takumi SadoDaiwa Securities Co. Ltd.