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6461

Nippon Piston Ring TSE:6461 Stock Report

Last Price

JP¥1.29k

Market Cap

JP¥9.9b

7D

-1.5%

1Y

14.0%

Updated

12 May, 2022

Data

Company Financials
6461 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends5/6

6461 Stock Overview

Nippon Piston Ring Co., Ltd. produces and sells automobile engine parts, marine engine parts, and other products in Japan and internationally.

Nippon Piston Ring Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Nippon Piston Ring
Historical stock prices
Current Share PriceJP¥1,288.00
52 Week HighJP¥1,566.00
52 Week LowJP¥1,095.00
Beta0.56
1 Month Change2.88%
3 Month Change-6.12%
1 Year Change13.98%
3 Year Change-5.85%
5 Year Change-44.15%
Change since IPO-82.21%

Recent News & Updates

Shareholder Returns

6461JP Auto ComponentsJP Market
7D-1.5%-3.5%-2.4%
1Y14.0%-7.9%-1.2%

Return vs Industry: 6461 exceeded the JP Auto Components industry which returned -7.9% over the past year.

Return vs Market: 6461 exceeded the JP Market which returned -1.2% over the past year.

Price Volatility

Is 6461's price volatile compared to industry and market?
6461 volatility
6461 Average Weekly Movement3.8%
Auto Components Industry Average Movement4.7%
Market Average Movement4.4%
10% most volatile stocks in JP Market8.8%
10% least volatile stocks in JP Market2.4%

Stable Share Price: 6461 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6461's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19312,908Teruo Takahashihttps://www.npr.co.jp

Nippon Piston Ring Co., Ltd. produces and sells automobile engine parts, marine engine parts, and other products in Japan and internationally. The company offers automobile products, including piston rings for motorcar, motorcycle, and other internal combustion engine use valve seat inserts; other automobile engine parts, including composite camshafts, cylinder liners, alloy cast iron, and camshafts. It also provides marine and industrial piston rings; and industrial large size piston rings and metal injection molding parts for industrial equipment, office automation equipment, and leisure goods.

Nippon Piston Ring Fundamentals Summary

How do Nippon Piston Ring's earnings and revenue compare to its market cap?
6461 fundamental statistics
Market CapJP¥9.93b
Earnings (TTM)JP¥2.27b
Revenue (TTM)JP¥51.17b

4.4x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6461 income statement (TTM)
RevenueJP¥51.17b
Cost of RevenueJP¥39.54b
Gross ProfitJP¥11.63b
Other ExpensesJP¥9.36b
EarningsJP¥2.27b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 13, 2022

Earnings per share (EPS)293.98
Gross Margin22.73%
Net Profit Margin4.43%
Debt/Equity Ratio47.0%

How did 6461 perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is Nippon Piston Ring undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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: 6461 (¥1288) is trading below our estimate of fair value (¥8893.68)

Significantly Below Fair Value: 6461 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6461 is good value based on its PE Ratio (4.4x) compared to the JP Auto Components industry average (7.3x).

PE vs Market: 6461 is good value based on its PE Ratio (4.4x) compared to the JP market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6461's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6461 is good value based on its PB Ratio (0.3x) compared to the JP Auto Components industry average (0.4x).


Future Growth

How is Nippon Piston Ring forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.8%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nippon Piston Ring has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Nippon Piston Ring performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-30.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6461 has high quality earnings.

Growing Profit Margin: 6461 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 6461's earnings have declined by 30.2% per year over the past 5 years.

Accelerating Growth: 6461 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 6461 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (88.3%).


Return on Equity

High ROE: 6461's Return on Equity (7.2%) is considered low.


Financial Health

How is Nippon Piston Ring's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6461's short term assets (¥29.0B) exceed its short term liabilities (¥21.2B).

Long Term Liabilities: 6461's short term assets (¥29.0B) exceed its long term liabilities (¥10.5B).


Debt to Equity History and Analysis

Debt Level: 6461's net debt to equity ratio (30.6%) is considered satisfactory.

Reducing Debt: 6461's debt to equity ratio has reduced from 75.2% to 47% over the past 5 years.

Debt Coverage: 6461's debt is well covered by operating cash flow (62.4%).

Interest Coverage: 6461 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Nippon Piston Ring current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.76%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6461's dividend (7.76%) is higher than the bottom 25% of dividend payers in the JP market (1.6%).

High Dividend: 6461's dividend (7.76%) is in the top 25% of dividend payers in the JP market (3.6%)


Stability and Growth of Payments

Stable Dividend: 6461's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6461's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (13.6%), 6461's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (10.8%), 6461's dividend payments are thoroughly covered by cash flows.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Teruo Takahashi (62 yo)

2.33yrs

Tenure

Mr. Teruo Takahashi is President of Nippon Piston Ring Co., Ltd. since 2020 and Director since June 2009 and he is In charge of Internal Auditors Office. Mr. Takahashi was the Managing Director at Nippon P...


Leadership Team

Experienced Management: 6461's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: 6461's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Nippon Piston Ring Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nippon Piston Ring Co., Ltd.
  • Ticker: 6461
  • Exchange: TSE
  • Founded: 1931
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: JP¥9.928b
  • Shares outstanding: 7.71m
  • Website: https://www.npr.co.jp

Number of Employees


Location

  • Nippon Piston Ring Co., Ltd.
  • 5-12-10, Honmachihigashi
  • Chuo-ku
  • Saitama
  • Saitama
  • 338-8503
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/12 00:00
End of Day Share Price2022/05/12 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.