TSE:4465

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

JP¥14.4b

Last Updated

2021/06/18 08:12 UTC

Data Sources

Company Financials

Executive Summary

Niitaka Co., Ltd. manufactures and sells professional-use detergents, cleaners, and bleach products in Japan. More Details

Rewards

Trading at 50.9% below our estimate of its fair value

Earnings grew by 34.2% over the past year

Risk Analysis

No risks detected for 4465 from our risk checks.


Snowflake Analysis

Undervalued with solid track record.

Share Price & News

How has Niitaka's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 4465 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 4465's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-2.6%

4465

0.07%

JP Household Products

0.4%

JP Market


1 Year Return

-61.3%

4465

-6.3%

JP Household Products

22.6%

JP Market

Return vs Industry: 4465 underperformed the JP Household Products industry which returned -6.3% over the past year.

Return vs Market: 4465 underperformed the JP Market which returned 22.6% over the past year.


Shareholder returns

4465IndustryMarket
7 Day-2.6%0.07%0.4%
30 Day-13.6%-0.3%3.6%
90 Day-17.6%-5.6%-2.3%
1 Year-61.0%-61.3%-5.5%-6.3%25.3%22.6%
3 Year44.2%39.0%15.0%11.5%20.3%12.1%
5 Year108.8%95.8%80.8%72.2%78.4%58.9%

Long-Term Price Volatility Vs. Market

How volatile is Niitaka's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Niitaka undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 4465 (¥2434) is trading below our estimate of fair value (¥4956.95)

Significantly Below Fair Value: 4465 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 4465 is good value based on its PE Ratio (9.1x) compared to the JP Household Products industry average (21.8x).

PE vs Market: 4465 is good value based on its PE Ratio (9.1x) compared to the JP market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 4465's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4465 is good value based on its PB Ratio (1.2x) compared to the JP Household Products industry average (2.5x).


Future Growth

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

6.7%

Forecasted Household 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 Niitaka 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 Niitaka performed over the past 5 years?

19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4465 has high quality earnings.

Growing Profit Margin: 4465's current net profit margins (8.6%) are higher than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: 4465's earnings have grown by 19.9% per year over the past 5 years.

Accelerating Growth: 4465's earnings growth over the past year (34.2%) exceeds its 5-year average (19.9% per year).

Earnings vs Industry: 4465 earnings growth over the past year (34.2%) exceeded the Household Products industry 6.4%.


Return on Equity

High ROE: 4465's Return on Equity (13.1%) is considered low.


Financial Health

How is Niitaka's financial position?


Financial Position Analysis

Short Term Liabilities: 4465's short term assets (¥11.1B) exceed its short term liabilities (¥4.5B).

Long Term Liabilities: 4465's short term assets (¥11.1B) exceed its long term liabilities (¥4.7B).


Debt to Equity History and Analysis

Debt Level: 4465's debt to equity ratio (31.5%) is considered satisfactory.

Reducing Debt: 4465's debt to equity ratio has increased from 3.7% to 31.5% over the past 5 years.

Debt Coverage: 4465's debt is well covered by operating cash flow (58.5%).

Interest Coverage: 4465 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Niitaka current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4465's dividend (1.07%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.31%).

High Dividend: 4465's dividend (1.07%) is low compared to the top 25% of dividend payers in the JP market (2.99%).


Stability and Growth of Payments

Stable Dividend: 4465's dividends per share have been stable in the past 10 years.

Growing Dividend: 4465's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.7%), 4465's dividend payments are thoroughly covered by earnings.


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?

7.5yrs

Average management tenure


CEO

Yoshiaki Okuyama (62 yo)

8yrs

Tenure

Mr. Yoshiaki Okuyama has been the President of Niitaka Co., Ltd. since June 2013. Mr. Okuyama has been the Chief Executive Officer of Fujian Niitaka Chemicals at Daily Necessities Co., Ltd. since February ...


Leadership Team

Experienced Management: 4465's management team is seasoned and experienced (7.5 years average tenure).


Board Members

Experienced Board: 4465's board of directors are considered experienced (5.8 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

Niitaka Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Niitaka Co., Ltd.
  • Ticker: 4465
  • Exchange: TSE
  • Founded: 1963
  • Industry: Household Products
  • Sector: Household
  • Market Cap: JP¥14.369b
  • Shares outstanding: 5.90m
  • Website: https://www.niitaka.co.jp

Number of Employees


Location

  • Niitaka Co., Ltd.
  • 1-8-10, Niitaka
  • Yodogawa
  • Osaka
  • 532-8560
  • Japan

Listings


Biography

Niitaka Co., Ltd. manufactures and sells professional-use detergents, cleaners, and bleach products in Japan. The company also manufactures and sells solid fuels, food sanitation products, active ingredien...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/18 08:12
End of Day Share Price2021/06/18 00:00
Earnings2021/02/28
Annual Earnings2020/05/31


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.