NOT FOR DISTRIBUTION
Header cover image

Market Cap

JP¥11.9b

Last Updated

2021/05/18 08:17 UTC

Data Sources

Company Financials

Executive Summary

NF Holdings Corp. provides measurement instruments, power supply and power control products, function modules, and customized products in Japan. More Details


Snowflake Analysis

Average dividend payer with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6864 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6864's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-6.6%

6864

-4.4%

JP Electronic

-3.8%

JP Market


1 Year Return

-6.4%

6864

32.7%

JP Electronic

27.6%

JP Market

Return vs Industry: 6864 underperformed the JP Electronic industry which returned 32.7% over the past year.

Return vs Market: 6864 underperformed the JP Market which returned 27.6% over the past year.


Shareholder returns

6864IndustryMarket
7 Day-6.6%-4.4%-3.8%
30 Day-13.6%-4.9%-4.4%
90 Day-13.1%-11.5%-5.0%
1 Year-4.9%-6.4%34.3%32.7%30.4%27.6%
3 Year-44.1%-47.2%27.7%22.3%10.9%3.2%
5 Year204.0%177.9%111.1%96.2%55.1%37.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

26.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6864 (¥1720) is trading above our estimate of fair value (¥438.52)

Significantly Below Fair Value: 6864 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6864 is poor value based on its PE Ratio (26.6x) compared to the JP Electronic industry average (15.5x).

PE vs Market: 6864 is poor value based on its PE Ratio (26.6x) compared to the JP market (15.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6864's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6864 is overvalued based on its PB Ratio (1x) compared to the JP Electronic industry average (0.9x).


Future Growth

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

13.9%

Forecasted Tech 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 NF Holdings 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 NF Holdings performed over the past 5 years?

15.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6864 has high quality earnings.

Growing Profit Margin: 6864's current net profit margins (4.2%) are lower than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: 6864's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: 6864's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6864 had negative earnings growth (-54.7%) over the past year, making it difficult to compare to the Electronic industry average (8%).


Return on Equity

High ROE: 6864's Return on Equity (3.9%) is considered low.


Financial Health

How is NF Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 6864's short term assets (¥14.2B) exceed its short term liabilities (¥3.5B).

Long Term Liabilities: 6864's short term assets (¥14.2B) exceed its long term liabilities (¥2.5B).


Debt to Equity History and Analysis

Debt Level: 6864's debt to equity ratio (20.1%) is considered satisfactory.

Reducing Debt: 6864's debt to equity ratio has increased from 19.4% to 20.1% over the past 5 years.

Debt Coverage: 6864's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 6864 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is NF Holdings's current dividend yield, its reliability and sustainability?

1.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6864's dividend (1.74%) is higher than the bottom 25% of dividend payers in the JP market (1.31%).

High Dividend: 6864's dividend (1.74%) is low compared to the top 25% of dividend payers in the JP market (2.98%).


Stability and Growth of Payments

Stable Dividend: 6864's dividends per share have been stable in the past 10 years.

Growing Dividend: 6864's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.4%), 6864's dividend payments are well 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?

12.1yrs

Average management tenure


CEO

Tsuneo Takahashi (73 yo)

16.83yrs

Tenure

Mr. Tsuneo Takahashi has been the President and Representative Director of NF Corp since July 2004. Mr. Takahashi served as Vice President of NF Corp since June 2002. Mr. Takahashi served as Executive Chie...


Leadership Team

Experienced Management: 6864's management team is seasoned and experienced (12.1 years average tenure).


Board Members

Experienced Board: 6864's board of directors are considered experienced (9.4 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 4.3%.


Top Shareholders

Company Information

NF Holdings Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NF Holdings Corporation
  • Ticker: 6864
  • Exchange: JASDAQ
  • Founded: 1959
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: JP¥11.918b
  • Shares outstanding: 7.02m
  • Website: https://www.nfcorp.co.jp

Number of Employees


Location

  • NF Holdings Corporation
  • 6-3-20 Tsunashima Higashi
  • Kohoku-ku
  • Yokohama
  • Kanagawa
  • 223-8508
  • Japan

Listings


Biography

NF Holdings Corp. provides measurement instruments, power supply and power control products, function modules, and customized products in Japan. Its measurement instruments comprise signal generators, LCR ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/18 08:17
End of Day Share Price2021/05/18 00:00
Earnings2021/03/31
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.