Okayama Paper Industries Co., Ltd. (JP:3892)
:3892
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Okayama Paper Industries Co., Ltd.
(3892)
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Rating:67Neutral
Price Target:
¥2,165.00
▲(32.58% Upside)
Action:DowngradedDate:01/09/26
The score is primarily held back by weakening cash flow and softer revenue/profitability trends, partially offset by a strong low-leverage balance sheet. Technicals are positive but show overbought risk, while valuation (low P/E and moderate dividend yield) provides supportive footing.
Positive Factors
Low Leverage / Strong Balance Sheet
Low leverage and a strong equity base provide durable financial flexibility to fund capex, withstand cyclical paper demand swings, and access credit on favorable terms. This stability supports supplier relationships, operational continuity, and strategic investments over months.
Negative Factors
Weakening Cash Flow
Operating and free cash flow have declined materially and OCF-to-net-income is negative, indicating poor cash conversion. Reduced cash generation constrains capex, debt servicing, and shareholder returns, and may force external financing or cuts to strategic spending if persistent.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Low leverage and a strong equity base provide durable financial flexibility to fund capex, withstand cyclical paper demand swings, and access credit on favorable terms. This stability supports supplier relationships, operational continuity, and strategic investments over months.
Read all positive factors
Okayama Paper Industries Co., Ltd. (3892) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥8.52B
Dividend Yield3%
Average Volume (3M)2.27K
Price to Earnings (P/E)8.8
Beta (1Y)0.58
Revenue Growth-2.03%
EPS Growth-23.36%
CountryJP
Employees196
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)44.45
Shares Outstanding5,500,000
10 Day Avg. Volume4,590
30 Day Avg. Volume2,273
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)0.52
Price to Sales (P/S)0.58
P/FCF Ratio-3.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Okayama Paper Industries Co., Ltd. Business Overview & Revenue Model
Company Description
Okayama Paper Industries Co., Ltd. engages in manufacture and sale of paper products in Japan and internationally. It provides core paper, paper tube base paper, paper boards, and flat plate, and decorative cardboards; cosmetic cardboard; and digi...
How the Company Makes Money
Okayama Paper Industries generates revenue through several key streams, primarily from the sale of its paper products, which include packaging paper, printing paper, and specialty papers. The company benefits from long-term contracts with major cl...
Okayama Paper Industries Co., Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
75
Positive
Cash Flow
50
Neutral
| Breakdown | May 2024 | May 2023 | May 2022 | May 2021 | May 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.52B | 11.51B | 10.87B | 10.08B | 9.40B |
| Gross Profit | 2.83B | 3.29B | 2.27B | 2.23B | 2.31B |
| EBITDA | 1.31B | 1.99B | 913.34M | 1.02B | 1.13B |
| Net Income | 798.70M | 1.16B | 494.92M | 591.13M | 616.82M |
Balance Sheet | |||||
| Total Assets | 16.93B | 18.24B | 15.37B | 14.88B | 13.49B |
| Cash, Cash Equivalents and Short-Term Investments | 4.47B | 6.60B | 4.96B | 5.03B | 4.37B |
| Total Debt | 38.69M | 48.48M | 72.79M | 36.55M | 32.86M |
| Total Liabilities | 3.99B | 6.00B | 4.84B | 4.42B | 3.76B |
| Stockholders Equity | 12.94B | 12.24B | 10.53B | 10.45B | 9.73B |
Cash Flow | |||||
| Free Cash Flow | -1.96B | 1.73B | 338.94M | 662.27M | 104.73M |
| Operating Cash Flow | -1.46B | 2.01B | 623.62M | 937.80M | 912.99M |
| Investing Cash Flow | -499.79M | -266.94M | -268.76M | -179.08M | -806.48M |
| Financing Cash Flow | -164.91M | -107.36M | -420.23M | -96.65M | -98.45M |
Okayama Paper Industries Co., Ltd. Technical Analysis
Neutral
1633.00
Price Trends
1779.26
Negative
1702.70
Positive
1588.05
Positive
Market Momentum
-33.72
Positive
42.89
Neutral
28.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3892, the sentiment is Neutral. The current price of 1633 is below the 20-day moving average (MA) of 1772.65, below the 50-day MA of 1779.26, and above the 200-day MA of 1588.05, indicating a neutral trend. The MACD of -33.72 indicates Positive momentum. The RSI at 42.89 is Neutral, neither overbought nor oversold. The STOCH value of 28.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3892.
Okayama Paper Industries Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥3.56B | 3.80 | ― | 3.33% | 1.53% | 20.73% | |
67 Neutral | ¥8.52B | 8.81 | ― | 3.00% | -2.03% | -23.36% | |
64 Neutral | ¥3.44B | 5.54 | ― | 4.43% | -3.73% | -7.14% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ¥8.97B | 10.13 | ― | 3.00% | 4.22% | 13.08% | |
56 Neutral | ¥4.62B | 26.76 | ― | 2.62% | -1.03% | -43.05% | |
49 Neutral | ¥1.26B | 7.17 | ― | ― | -1.28% | -80.80% |
* Basic Materials Sector Average
JP:3892
Okayama Paper Industries Co., Ltd.
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314.03
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.