Nitto Denko Corporation

OTCPK:NDEK.F Stock Report

Market Cap: US$11.8b

Nitto Denko Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
US$16.40
Fair Value
0.01% overvalued intrinsic discount
11
Number of Analysts

Below Fair Value: NDEK.F ($16.4) is trading above our estimate of fair value ($16.4)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NDEK.F?

Key metric: As NDEK.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NDEK.F. This is calculated by dividing NDEK.F's market cap by their current earnings.
What is NDEK.F's PE Ratio?
PE Ratio13.6x
EarningsJP¥138.44b
Market CapJP¥1.87t

Price to Earnings Ratio vs Peers

How does NDEK.F's PE Ratio compare to its peers?

The above table shows the PE ratio for NDEK.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
RPM RPM International
24.2x9.1%US$15.8b
EMN Eastman Chemical
11.5x10.3%US$10.2b
AXTA Axalta Coating Systems
22.8x19.5%US$7.5b
CE Celanese
6.5x14.2%US$7.1b
NDEK.F Nitto Denko
13.6x2.0%US$1.9t

Price-To-Earnings vs Peers: NDEK.F is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (16.3x).

Price to Earnings Ratio vs Industry

How does NDEK.F's PE Ratio compare vs other companies in the US Chemicals Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FFHL Fuwei Films (Holdings)
2.8xn/aUS$27.11m
BSLK Bolt Projects Holdings
0.08xn/aUS$11.31m
BON Bon Natural Life
2.7xn/aUS$6.63m
TANH Tantech Holdings
0.3xn/aUS$1.50m
NDEK.F 13.6xIndustry Avg. 19.1xNo. of Companies8PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NDEK.F is good value based on its Price-To-Earnings Ratio (13.6x) compared to the US Chemicals industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is NDEK.F'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.

NDEK.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NDEK.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NDEK.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$18.23
0%
12.3%US$21.63US$13.76n/a11
Jan ’26US$16.40
US$18.23
+11.1%
12.3%US$21.63US$13.76n/a11
Dec ’25US$15.10
US$18.18
+20.4%
13.0%US$21.64US$13.11n/a11
Nov ’25US$16.15
US$18.02
+11.6%
12.3%US$20.92US$13.07n/a11
Oct ’25US$16.97
US$19.22
+13.2%
12.3%US$22.29US$13.93n/a11
Sep ’25n/a
US$18.93
0%
12.4%US$21.82US$13.64n/a11
Aug ’25n/a
US$18.53
0%
12.4%US$21.37US$13.35n/a11
Jul ’25n/a
US$16.95
0%
13.0%US$20.34US$12.71n/a12
Jun ’25n/a
US$16.80
0%
18.7%US$21.75US$12.41n/a12
May ’25US$17.70
US$16.72
-5.6%
18.7%US$21.53US$12.29n/a12
Apr ’25US$18.10
US$17.04
-5.9%
19.6%US$22.56US$12.87n/a11
Mar ’25n/a
US$17.04
0%
19.6%US$22.56US$12.87n/a11
Feb ’25n/a
US$15.97
0%
13.0%US$19.13US$11.62n/a12
Jan ’25n/a
US$15.28
0%
14.8%US$19.00US$10.59US$16.4012
Dec ’24n/a
US$14.71
0%
15.8%US$18.64US$10.38US$15.1012
Nov ’24n/a
US$14.26
0%
15.9%US$18.47US$10.29US$16.1512
Oct ’24n/a
US$14.32
0%
17.1%US$18.76US$10.45US$16.9712
Sep ’24n/a
US$14.66
0%
16.4%US$19.13US$11.34n/a12
Aug ’24US$14.08
US$15.06
+7.0%
17.9%US$19.68US$11.67n/a11
Jul ’24n/a
US$14.13
0%
20.3%US$19.51US$10.45n/a12
Jun ’24n/a
US$14.13
0%
17.8%US$20.17US$10.81n/a12
May ’24n/a
US$13.20
0%
16.6%US$18.91US$10.91US$17.7012
Apr ’24n/a
US$13.69
0%
17.4%US$19.78US$11.41US$18.1012
Mar ’24US$12.04
US$13.50
+12.2%
14.2%US$16.74US$11.41n/a11
Feb ’24US$13.02
US$13.95
+7.1%
13.2%US$16.94US$11.55n/a11
Jan ’24n/a
US$14.03
0%
12.0%US$16.62US$11.33n/a10
Analyst Price Target
Consensus Narrative from 11 Analysts
US$17.06
Fair Value
3.9% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 17:02
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nitto Denko Corporation is covered by 30 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Warren LauAletheia Analyst Network Limited
Mikiya YamadaBarclays
Kei RameauBNP Paribas Securities (Asia)