Market Cap
JP¥489.4b
Last Updated
2021/01/18 08:05 UTC
Data Sources
Company Financials +
Executive Summary
NSK Ltd. manufactures and sells industrial machinery bearings, automotive products, and precision machinery and parts worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has NSK's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6471 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 6471's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.6%
6471
-0.8%
JP Machinery
-0.6%
JP Market
1 Year Return
-11.6%
6471
12.6%
JP Machinery
6.1%
JP Market
Return vs Industry: 6471 underperformed the JP Machinery industry which returned 14.6% over the past year.
Return vs Market: 6471 underperformed the JP Market which returned 7.3% over the past year.
Shareholder returns
| 6471 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -0.8% | -0.6% |
| 30 Day | 0% | 4.6% | 2.8% |
| 90 Day | 10.1% | 19.7% | 12.7% |
| 1 Year | -9.3%-11.6% | 14.5%12.6% | 8.7%6.1% |
| 3 Year | -46.2%-51.1% | -9.5%-15.1% | 5.6%-1.8% |
| 5 Year | -10.1%-23.2% | 67.6%50.9% | 49.9%33.0% |
Long-Term Price Volatility Vs. Market
How volatile is NSK's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is NSK undervalued compared to its fair value and its price relative to the market?
0.93x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 6471 (¥918) is trading above our estimate of fair value (¥848.36)
Significantly Below Fair Value: 6471 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 6471 is unprofitable, so we can't compare its PE Ratio to the JP Machinery industry average.
PE vs Market: 6471 is unprofitable, so we can't compare its PE Ratio to the JP market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 6471's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 6471 is overvalued based on its PB Ratio (0.9x) compared to the JP Machinery industry average (0.8x).
Next Steps
Future Growth
How is NSK forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
52.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6471 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0%).
Earnings vs Market: 6471 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 6471's is expected to become profitable in the next 3 years.
Revenue vs Market: 6471's revenue (6.9% per year) is forecast to grow faster than the JP market (5.5% per year).
High Growth Revenue: 6471's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6471's Return on Equity is forecast to be low in 3 years time (6.3%).
Next Steps
Past Performance
How has NSK performed over the past 5 years?
-20.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6471 is currently unprofitable.
Growing Profit Margin: 6471 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 6471 is unprofitable, and losses have increased over the past 5 years at a rate of 20.5% per year.
Accelerating Growth: Unable to compare 6471's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 6471 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-25.2%).
Return on Equity
High ROE: 6471 has a negative Return on Equity (-1.26%), as it is currently unprofitable.
Next Steps
Financial Health
How is NSK's financial position?
Financial Position Analysis
Short Term Liabilities: 6471's short term assets (¥507.9B) exceed its short term liabilities (¥255.5B).
Long Term Liabilities: 6471's short term assets (¥507.9B) exceed its long term liabilities (¥297.0B).
Debt to Equity History and Analysis
Debt Level: 6471's debt to equity ratio (69%) is considered high.
Reducing Debt: 6471's debt to equity ratio has increased from 64.4% to 69% over the past 5 years.
Debt Coverage: 6471's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: Insufficient data to determine if 6471's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is NSK current dividend yield, its reliability and sustainability?
2.18%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 6471's dividend (2.18%) is higher than the bottom 25% of dividend payers in the JP market (1.22%).
High Dividend: 6471's dividend (2.18%) is low compared to the top 25% of dividend payers in the JP market (2.97%).
Stability and Growth of Payments
Stable Dividend: 6471's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6471's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: 6471 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Toshihiro Uchiyama
5.58yrs
Tenure
JP¥151,000,000
Compensation
Mr. Toshihiro Uchiyama has been the President and Chief Executive Officer of NSK Ltd. since June 24, 2015. Mr. Uchiyama served as Executive Vice President and Head of Corporate Strategy Division HQ of NSK ...
CEO Compensation Analysis
Compensation vs Market: Toshihiro's total compensation ($USD0.00) is below average for companies of similar size in the JP market ($USD1.55M).
Compensation vs Earnings: Toshihiro's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| VP and Deputy Head of Automotive Steering & Actuator Division | 1yr | JP¥128.00m | 0.00010% ¥ 489.4k | |
| President | 5.58yrs | JP¥151.00m | 0.018% ¥ 90.4m | |
| Senior Executive VP | no data | no data | 0.010% ¥ 50.8m | |
| Executive VP & Head of Technology Development Division HQ | 2.58yrs | no data | 0.0046% ¥ 22.3m | |
| VP & Head of Human Resource Management Division HQ | no data | no data | 0.00068% ¥ 3.3m | |
| EVP, Head of Automotive Steering | no data | no data | 0.0065% ¥ 31.6m | |
| Senior VP & Head of ASEAN Operations | 3yrs | no data | 0.0033% ¥ 16.0m | |
| Senior VP & Head of Automotive Technology Development Center | no data | no data | 0.0043% ¥ 21.2m | |
| Senior VP and Head of Manufacturing Strategy Division HQ & Procurement Division HQ | no data | no data | 0.0020% ¥ 9.8m | |
| VP, Head of Industrial Machinery Bearing Technology & Head of Industrial Machinery Technology | no data | no data | 0.0028% ¥ 13.6m | |
| Executive VP | 3.58yrs | no data | 0.012% ¥ 57.4m | |
| Senior VP and Head of Core Technology R&D Center & Technology Development Division HQ | no data | no data | 0.0031% ¥ 15.1m |
2.8yrs
Average Tenure
Experienced Management: 6471's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.58yrs | JP¥151.00m | 0.018% ¥ 90.4m | |
| Senior Executive VP | no data | no data | 0.010% ¥ 50.8m | |
| Executive VP | 3.58yrs | no data | 0.012% ¥ 57.4m | |
| Independent Director | 1.58yrs | no data | 0.00055% ¥ 2.7m | |
| Independent Director | 1yr | no data | no data | |
| Director | no data | no data | 0.0045% ¥ 21.8m | |
| Independent Director | 2.58yrs | no data | 0.00074% ¥ 3.6m | |
| Independent Director | 2.5yrs | no data | 0.00074% ¥ 3.6m | |
| Independent Director | 1.58yrs | no data | 0.00016% ¥ 783.1k |
2.5yrs
Average Tenure
Experienced Board: 6471's board of directors are not considered experienced ( 2.5 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
NSK Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: NSK Ltd.
- Ticker: 6471
- Exchange: TSE
- Founded: 1914
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: JP¥489.410b
- Shares outstanding: 513.01m
- Website: https://www.nsk.com/index.html
Number of Employees
Location
- NSK Ltd.
- Nissei Building
- 1-6-3 Ohsaki
- Tokyo
- 141-8560
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NPSK.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jan 1992 |
| 6471 | TSE (The Tokyo Stock Exchange) | Yes | Common Stock | JP | JPY | Jan 1992 |
| NSK | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
| NPSK.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Nov 1992 |
Biography
NSK Ltd. manufactures and sells industrial machinery bearings, automotive products, and precision machinery and parts worldwide. Its products include ball bearings; roller bearings; bearing units; super pr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 08:05 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.