6996 Stock Overview
Nichicon Corporation, together with its subsidiaries, develops, produces, and sells capacitors and circuit products for electric and electronic products in Japan, the U.S.A, Asia, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥1,205.00|
|52 Week High||JP¥1,445.00|
|52 Week Low||JP¥987.00|
|1 Month Change||-12.93%|
|3 Month Change||13.04%|
|1 Year Change||2.21%|
|3 Year Change||34.64%|
|5 Year Change||-0.74%|
|Change since IPO||-5.12%|
Recent News & Updates
|6996||JP Electronic||JP Market|
Return vs Industry: 6996 exceeded the JP Electronic industry which returned -13.8% over the past year.
Return vs Market: 6996 exceeded the JP Market which returned -5.7% over the past year.
|6996 Average Weekly Movement||5.0%|
|Electronic Industry Average Movement||4.5%|
|Market Average Movement||4.1%|
|10% most volatile stocks in JP Market||8.3%|
|10% least volatile stocks in JP Market||2.2%|
Stable Share Price: 6996 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 6996's weekly volatility (5%) has been stable over the past year.
About the Company
Nichicon Corporation, together with its subsidiaries, develops, produces, and sells capacitors and circuit products for electric and electronic products in Japan, the U.S.A, Asia, and internationally. It offers chip type, miniature type, and large can type aluminum electrolytic capacitors; conductive polymer aluminum solid electrolytic capacitors; and electric double layer capacitors, plastic film capacitors, positive thermistors, function and power modules, and inverter smoothing capacitors. The company also provides household energy storage systems; vehicle-to-home systems; EV/PHVs quick chargers; power storage systems for public and industrial use; small Li-Ion rechargeable batteries; switching power supplies; power sources for medical and academic study accelerators; voltage sag compensators; and power outage compensators.
Nichicon Fundamentals Summary
|6996 fundamental statistics|
Is 6996 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6996 income statement (TTM)|
|Cost of Revenue||JP¥117.79b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 08, 2022
|Earnings per share (EPS)||115.50|
|Net Profit Margin||5.56%|
How did 6996 perform over the long term?See historical performance and comparison
2.3%Current Dividend Yield
Is 6996 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 6996?
Other financial metrics that can be useful for relative valuation.
|What is 6996's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 6996's PE Ratio compare to its peers?
|6996 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
6908 Iriso Electronics
6787 Meiko Electronics
Price-To-Earnings vs Peers: 6996 is expensive based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (9.4x).
Price to Earnings Ratio vs Industry
How does 6996's PE Ratio compare vs other companies in the JP Electronic Industry?
Price-To-Earnings vs Industry: 6996 is good value based on its Price-To-Earnings Ratio (10.4x) compared to the JP Electronic industry average (10.7x)
Price to Earnings Ratio vs Fair Ratio
What is 6996'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.
|Current PE Ratio||10.4x|
|Fair PE Ratio||11.8x|
Price-To-Earnings vs Fair Ratio: 6996 is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).
Share Price vs Fair Value
What is the Fair Price of 6996 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 6996 (¥1205) is trading below our estimate of fair value (¥3193.47)
Significantly Below Fair Value: 6996 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 6996 is poor value based on its PEG Ratio (2.8x)
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How is Nichicon forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6996's forecast earnings growth (3.7% per year) is above the savings rate (0.04%).
Earnings vs Market: 6996's earnings (3.7% per year) are forecast to grow slower than the JP market (9% per year).
High Growth Earnings: 6996's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6996's revenue (5.8% per year) is forecast to grow faster than the JP market (4.5% per year).
High Growth Revenue: 6996's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6996's Return on Equity is forecast to be low in 3 years time (8.7%).
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How has Nichicon performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6996 has high quality earnings.
Growing Profit Margin: 6996's current net profit margins (5.6%) are higher than last year (1.5%).
Past Earnings Growth Analysis
Earnings Trend: 6996 has become profitable over the past 5 years, growing earnings by 44.1% per year.
Accelerating Growth: 6996's earnings growth over the past year (364%) exceeds its 5-year average (44.1% per year).
Earnings vs Industry: 6996 earnings growth over the past year (364%) exceeded the Electronic industry 46%.
Return on Equity
High ROE: 6996's Return on Equity (8.5%) is considered low.
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How is Nichicon's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 6996's short term assets (¥95.0B) exceed its short term liabilities (¥53.1B).
Long Term Liabilities: 6996's short term assets (¥95.0B) exceed its long term liabilities (¥22.4B).
Debt to Equity History and Analysis
Debt Level: 6996's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: 6996's debt to equity ratio has increased from 1.8% to 26.2% over the past 5 years.
Debt Coverage: 6996's debt is well covered by operating cash flow (21.2%).
Interest Coverage: 6996 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Nichicon current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6996's dividend (2.32%) is higher than the bottom 25% of dividend payers in the JP market (1.69%).
High Dividend: 6996's dividend (2.32%) is low compared to the top 25% of dividend payers in the JP market (3.7%).
Stability and Growth of Payments
Stable Dividend: 6996's dividends per share have been stable in the past 10 years.
Growing Dividend: 6996's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (23.4%), 6996's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 6996 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ippei Takeda (81 yo)
Mr. Ippei Takeda serves as the Chief Executive Officer of Nichicon Corporation. Mr. Takeda served as the President and Chief Executive Officer of Nichicon Corporation. Mr. Takeda serves as the Chairman of...
Experienced Board: 6996's board of directors are considered experienced (6.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nichicon Corporation's employee growth, exchange listings and data sources
- Name: Nichicon Corporation
- Ticker: 6996
- Exchange: TSE
- Founded: 1950
- Industry: Electronic Components
- Sector: Tech
- Implied Market Cap: JP¥82.443b
- Shares outstanding: 68.42m
- Website: https://www.nichicon.co.jp
Number of Employees
- Nichicon Corporation
- Karasumadori Oike-agaru
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/05 00:00|
|End of Day Share Price||2022/07/05 00:00|
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.