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4064

Nippon Carbide Industries TSE:4064 Stock Report

Last Price

JP¥1.34k

Market Cap

JP¥12.4b

7D

-3.3%

1Y

3.0%

Updated

04 Jul, 2022

Data

Company Financials +
4064 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance1/6
Financial Health6/6
Dividends6/6

4064 Stock Overview

Nippon Carbide Industries Co., Inc. engages in the electronic and functional products, and films and sheetings business.

Nippon Carbide Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nippon Carbide Industries
Historical stock prices
Current Share PriceJP¥1,339.00
52 Week HighJP¥1,510.00
52 Week LowJP¥1,242.00
Beta0.72
1 Month Change-7.14%
3 Month Change-4.56%
1 Year Change3.00%
3 Year Change-3.53%
5 Year Change-27.62%
Change since IPO-84.04%

Recent News & Updates

Shareholder Returns

4064JP ChemicalsJP Market
7D-3.3%-0.003%-1.1%
1Y3.0%-14.1%-7.0%

Return vs Industry: 4064 exceeded the JP Chemicals industry which returned -14.1% over the past year.

Return vs Market: 4064 exceeded the JP Market which returned -7% over the past year.

Price Volatility

Is 4064's price volatile compared to industry and market?
4064 volatility
4064 Average Weekly Movement3.2%
Chemicals Industry Average Movement4.1%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.4%
10% least volatile stocks in JP Market2.2%

Stable Share Price: 4064 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 4064's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19353,574Takahisa Sugiyamahttps://www.carbide.co.jp

Nippon Carbide Industries Co., Inc. engages in the electronic and functional products, and films and sheetings business. It offers functional chemicals, such as electronic materials, special functional coatings, agrochemicals, metal surface treatment agents, pharmaceutical products, and biochemistry; and specialty polymers, including thickening and adhesive agents, ingredients of toner ink and coating materials, and melamine resin for tableware. The company also provides semiconductor mold cleaners and conditioners; and ceramic substrates, such as alumina substrates, thick-film printing substrates, and green sheetings.

Nippon Carbide Industries Fundamentals Summary

How do Nippon Carbide Industries's earnings and revenue compare to its market cap?
4064 fundamental statistics
Market CapJP¥12.35b
Earnings (TTM)JP¥1.93b
Revenue (TTM)JP¥47.00b

6.5x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4064 income statement (TTM)
RevenueJP¥47.00b
Cost of RevenueJP¥32.86b
Gross ProfitJP¥14.14b
Other ExpensesJP¥12.21b
EarningsJP¥1.93b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 05, 2022

Earnings per share (EPS)205.60
Gross Margin30.09%
Net Profit Margin4.11%
Debt/Equity Ratio45.4%

How did 4064 perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

26%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 4064 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4064?

Other financial metrics that can be useful for relative valuation.

4064 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA3.4x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 4064's PE Ratio compare to its peers?

4064 PE Ratio vs Peers
The above table shows the PE ratio for 4064 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.4x
5018 MORESCO
6.4xn/aJP¥11.7b
7908 Kimoto
15.5xn/aJP¥10.6b
4621 ROCK PAINT
11.7xn/aJP¥13.6b
3553 Kyowa Leather Cloth
8xn/aJP¥13.4b
4064 Nippon Carbide Industries
6.5x23.4%JP¥12.4b

Price-To-Earnings vs Peers: 4064 is good value based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (10.4x).


Price to Earnings Ratio vs Industry

How does 4064's PE Ratio compare vs other companies in the JP Chemicals Industry?

Price-To-Earnings vs Industry: 4064 is good value based on its Price-To-Earnings Ratio (6.5x) compared to the JP Chemicals industry average (9.4x)


Price to Earnings Ratio vs Fair Ratio

What is 4064'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.

4064 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.5x
Fair PE Ratio11.4x

Price-To-Earnings vs Fair Ratio: 4064 is good value based on its Price-To-Earnings Ratio (6.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.4x).


Share Price vs Fair Value

What is the Fair Price of 4064 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4064 (¥1339) is trading below our estimate of fair value (¥4218.46)

Significantly Below Fair Value: 4064 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 4064 is good value based on its PEG Ratio (0.3x)


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Future Growth

How is Nippon Carbide Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4064's forecast earnings growth (23.4% per year) is above the savings rate (0.04%).

Earnings vs Market: 4064's earnings (23.4% per year) are forecast to grow faster than the JP market (8.9% per year).

High Growth Earnings: 4064's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 4064's revenue (7.8% per year) is forecast to grow faster than the JP market (4.5% per year).

High Growth Revenue: 4064's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 4064's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Nippon Carbide Industries performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 4064 has a large one-off loss of ¥1.4B impacting its March 31 2022 financial results.

Growing Profit Margin: 4064's current net profit margins (4.1%) are lower than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: 4064's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: 4064's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 4064 had negative earnings growth (-19.8%) over the past year, making it difficult to compare to the Chemicals industry average (27.4%).


Return on Equity

High ROE: 4064's Return on Equity (6.6%) is considered low.


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Financial Health

How is Nippon Carbide Industries'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: 4064's short term assets (¥36.6B) exceed its short term liabilities (¥18.6B).

Long Term Liabilities: 4064's short term assets (¥36.6B) exceed its long term liabilities (¥13.9B).


Debt to Equity History and Analysis

Debt Level: 4064's net debt to equity ratio (9.9%) is considered satisfactory.

Reducing Debt: 4064's debt to equity ratio has reduced from 99.4% to 45.4% over the past 5 years.

Debt Coverage: 4064's debt is well covered by operating cash flow (29.5%).

Interest Coverage: 4064 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Nippon Carbide Industries's 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


4.85%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 4064's dividend (4.85%) is higher than the bottom 25% of dividend payers in the JP market (1.69%).

High Dividend: 4064's dividend (4.85%) is in the top 25% of dividend payers in the JP market (3.73%)


Stability and Growth of Payments

Stable Dividend: 4064's dividends per share have been stable in the past 10 years.

Growing Dividend: 4064's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26%), 4064's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (34.7%), 4064's dividend payments are well covered by cash flows.


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Management

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

4.8yrs

Average management tenure


CEO

Takahisa Sugiyama

2.5yrs

Tenure


Leadership Team

Experienced Management: 4064's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: 4064's board of directors are considered experienced (3.5 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 been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

Nippon Carbide Industries Co., Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nippon Carbide Industries Co., Inc.
  • Ticker: 4064
  • Exchange: TSE
  • Founded: 1935
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: JP¥12.353b
  • Shares outstanding: 9.39m
  • Website: https://www.carbide.co.jp

Number of Employees


Location

  • Nippon Carbide Industries Co., Inc.
  • 16-2, 2-Chome Konan
  • Minato-ku
  • Tokyo
  • 108-8466
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 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.