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5334

NGK Spark Plug TSE:5334 Stock Report

Last Price

JP¥2.34k

Market Cap

JP¥481.4b

7D

0.9%

1Y

43.4%

Updated

16 May, 2022

Data

Company Financials +
5334 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends6/6

5334 Stock Overview

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.

NGK Spark Plug Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NGK Spark Plug
Historical stock prices
Current Share PriceJP¥2,337.00
52 Week HighJP¥2,370.00
52 Week LowJP¥1,559.00
Beta0.89
1 Month Change21.91%
3 Month Change9.00%
1 Year Change43.37%
3 Year Change20.22%
5 Year Change1.26%
Change since IPO207.50%

Recent News & Updates

Shareholder Returns

5334JP Auto ComponentsJP Market
7D0.9%-1.5%-2.7%
1Y43.4%-6.0%-2.5%

Return vs Industry: 5334 exceeded the JP Auto Components industry which returned -6% over the past year.

Return vs Market: 5334 exceeded the JP Market which returned -2.5% over the past year.

Price Volatility

Is 5334's price volatile compared to industry and market?
5334 volatility
5334 Average Weekly Movement6.8%
Auto Components Industry Average Movement4.8%
Market Average Movement4.5%
10% most volatile stocks in JP Market8.9%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 5334 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 5334's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
193616,391Takeshi Kawaihttps://www.ngkntk.co.jp/english

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. The company offers spark plugs, including plugs for aftermarket and original equipment, igniter plugs, and resister cables and covers; glow plugs comprising ceramic and metal type glow plugs, and glow controllers; and oxygen, NOx, temperature, and knock sensors. It also provides semiconductor packages and substrates, such as IC packages for electronics and smart devices, as well as manufacturing parts for semiconductors; and medical products.

NGK Spark Plug Fundamentals Summary

How do NGK Spark Plug's earnings and revenue compare to its market cap?
5334 fundamental statistics
Market CapJP¥481.38b
Earnings (TTM)JP¥60.20b
Revenue (TTM)JP¥491.73b

7.9x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
5334 income statement (TTM)
RevenueJP¥491.73b
Cost of RevenueJP¥335.56b
Gross ProfitJP¥156.17b
Other ExpensesJP¥95.97b
EarningsJP¥60.20b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)296.13
Gross Margin31.76%
Net Profit Margin12.24%
Debt/Equity Ratio29.9%

How did 5334 perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is NGK Spark Plug undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 5334 (¥2337) is trading below our estimate of fair value (¥4886.52)

Significantly Below Fair Value: 5334 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 5334's PE Ratio (7.9x) is in line with the JP Auto Components industry average.

PE vs Market: 5334 is good value based on its PE Ratio (7.9x) compared to the JP market (12.1x).


Price to Earnings Growth Ratio

PEG Ratio: 5334 is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: 5334 is overvalued based on its PB Ratio (0.9x) compared to the JP Auto Components industry average (0.4x).


Future Growth

How is NGK Spark Plug forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5334's forecast earnings growth (3.2% per year) is above the savings rate (0.02%).

Earnings vs Market: 5334's earnings (3.2% per year) are forecast to grow slower than the JP market (8.8% per year).

High Growth Earnings: 5334's earnings are forecast to grow, but not significantly.

Revenue vs Market: 5334's revenue (4.7% per year) is forecast to grow faster than the JP market (4.2% per year).

High Growth Revenue: 5334's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 5334's Return on Equity is forecast to be low in 3 years time (11.2%).


Past Performance

How has NGK Spark Plug performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 5334 has high quality earnings.

Growing Profit Margin: 5334's current net profit margins (12.2%) are higher than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: 5334's earnings have grown by 7.8% per year over the past 5 years.

Accelerating Growth: 5334's earnings growth over the past year (56.9%) exceeds its 5-year average (7.8% per year).

Earnings vs Industry: 5334 earnings growth over the past year (56.9%) underperformed the Auto Components industry 60.7%.


Return on Equity

High ROE: 5334's Return on Equity (11.5%) is considered low.


Financial Health

How is NGK Spark Plug's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 5334's short term assets (¥482.3B) exceed its short term liabilities (¥135.6B).

Long Term Liabilities: 5334's short term assets (¥482.3B) exceed its long term liabilities (¥169.6B).


Debt to Equity History and Analysis

Debt Level: 5334 has more cash than its total debt.

Reducing Debt: 5334's debt to equity ratio has increased from 27.9% to 29.9% over the past 5 years.

Debt Coverage: 5334's debt is well covered by operating cash flow (46.5%).

Interest Coverage: 5334 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is NGK Spark Plug current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.91%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 5334's dividend (5.91%) is higher than the bottom 25% of dividend payers in the JP market (1.61%).

High Dividend: 5334's dividend (5.91%) is in the top 25% of dividend payers in the JP market (3.61%)


Stability and Growth of Payments

Stable Dividend: 5334's dividends per share have been stable in the past 10 years.

Growing Dividend: 5334's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28%), 5334's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (63.7%), 5334's dividend payments are covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average board tenure


CEO

Takeshi Kawai

3.08yrs

Tenure

JP¥121,000,000

Compensation

Mr. Takeshi Kawai is a President and Chief Operating Officer of NGK Spark Plug Co., Ltd. since April 2019. Mr. Kawai was a Senior Managing Officer at NGK Spark Plug Co., Ltd.on April 7, 2016. Mr. Kawai se...


CEO Compensation Analysis

Compensation vs Market: Takeshi's total compensation ($USD936.34K) is about average for companies of similar size in the JP market ($USD998.25K).

Compensation vs Earnings: Insufficient data to compare Takeshi's compensation with company performance.


Board Members

Experienced Board: 5334's board of directors are considered experienced (3.9 years average tenure).


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 employee growth, exchange listings and data sources


Key Information

  • Name: NGK Spark Plug Co., Ltd.
  • Ticker: 5334
  • Exchange: TSE
  • Founded: 1936
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: JP¥481.383b
  • Shares outstanding: 203.29m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.