IBIDEN CO (4062) AI Stock Analysis

• Market Cap: ¥1.85T
• Dividend Yield: 0.4%
• Average Volume (3M): 3.99M
• Price to Earnings (P/E): 52.4
• Beta (1Y): 1.61
• Revenue Growth: 5.18%
• EPS Growth: 3.36%
• Country: JP
• Employees: 11,375
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 66.90
• Shares Outstanding: 140,860,570
• 10 Day Avg. Volume: 2,652,340
• 30 Day Avg. Volume: 3,987,370
• PEG Ratio: 2.35
• Price to Book (P/B): 1.14
• Price to Sales (P/S): 1.51
• P/FCF Ratio: -7.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥13,073.44
• Price Target Upside: -1.26% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ¥12,424.00 ▼(-6.16% Downside)

IBIDEN CO's overall stock score is primarily influenced by its solid financial performance, despite concerns over declining EBIT margins and negative free cash flow. The technical analysis suggests potential short-term weakness, while the high P/E ratio indicates possible overvaluation. The lack of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand for IBIDEN's products, supporting long-term business expansion and stability.

Stable Balance Sheet

A stable balance sheet with moderate leverage enhances financial flexibility, allowing IBIDEN to invest in growth opportunities and weather economic fluctuations.

Market Position

Long-term contracts with major firms ensure a steady revenue stream, reinforcing IBIDEN's strong market position and competitive advantage in the electronics industry.

Negative Factors

Declining EBIT Margin

A declining EBIT margin suggests potential inefficiencies or increased costs, which could pressure profitability if not addressed through operational improvements.

Negative Free Cash Flow

Negative free cash flow indicates challenges in converting earnings into cash, potentially limiting IBIDEN's ability to fund new projects or reduce debt.

Equity Ratio Concerns

A high level of debt financing could pose risks to financial stability, especially if market conditions worsen or interest rates rise, impacting long-term sustainability.

IBIDEN CO Business Overview & Revenue Model

Company Description

Ibiden Co.,Ltd. provides electronic and ceramics products in Japan, Asia, North America, Europe, and internationally. It operates through Electronics, Ceramics, and Construction segments. The company offers IC package substrate for use in data centers, personal computers, automotive electronics, and entertainment; printed circuit board for smart phones, data centers, and automotive electronics applications; diesel particulate filters; and automobile exhaust system parts for use in automobiles, buses, trucks, construction vehicles, and agricultural machines. It also provides SCR Catalyst Substrates for diesel vehicles, power stations, marine engines, diesel locomotive, glasswork, and cement works applications; ceramic honeycomb substrates for heat storage media and casting filter applications; high temperature insulating wool; and graphite specialty products. In addition, the company engages in the manufacturing and selling of the decorative interior laminates; design and construction of facilities; environmental engineering technology business; medical software package development; sale of information and communication terminals; and sale of welfare vehicles. The company was formerly known as Ibigawa Electric Power Co., Ltd. and changed its name to Ibiden Co., Ltd. in November 1982. Ibiden Co., Ltd. was founded in 1912 and is headquartered in Ogaki, Japan.

How the Company Makes Money

IBIDEN generates revenue primarily through the sale of its electronic components, particularly printed circuit boards and semiconductor packaging materials, which are essential for a wide range of electronic devices. The company benefits from long-term contracts and partnerships with major technology firms, ensuring a steady stream of orders. Additionally, the Ceramics segment contributes to revenue by supplying high-performance ceramic products to the automotive and industrial sectors. The company's focus on research and development allows it to innovate and offer advanced materials, which can command higher prices and maintain competitive advantages in the market.

IBIDEN CO Financial Statement Overview

Summary

IBIDEN CO demonstrates a solid financial position with stable revenue and profit margins. The balance sheet is strong, with manageable leverage and improving return on equity. However, cash flow issues, particularly negative free cash flow, pose a risk that needs addressing to ensure long-term financial health.

Income Statement

IBIDEN CO shows a stable income statement with a gross profit margin of 30.39% and a net profit margin of 9.12% for the TTM. Revenue growth is modest at 2.50% TTM, indicating steady performance. However, the EBIT margin has decreased from previous years, suggesting potential cost management issues.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.70, indicating a balanced approach to leverage. Return on equity is at 7.53% TTM, showing a slight improvement but still below industry leaders. The equity ratio stands at 47.10%, suggesting a stable financial structure.

Cash Flow

Cash flow analysis reveals challenges with negative free cash flow growth of -5.02% TTM. The operating cash flow to net income ratio is 0.36, indicating adequate cash generation relative to net income. However, the negative free cash flow to net income ratio highlights potential liquidity concerns.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	383.34B	369.44B	370.51B	417.55B	401.14B	323.46B
Gross Profit	120.85B	111.58B	102.47B	127.52B	120.08B	85.45B
EBITDA	88.48B	106.96B	94.42B	127.28B	112.48B	67.86B
Net Income	35.24B	33.70B	31.49B	52.19B	41.23B	25.70B
Balance Sheet
Total Assets	1.04T	1.08T	1.13T	857.51B	664.33B	578.52B
Cash, Cash Equivalents and Short-Term Investments	325.48B	390.66B	443.58B	302.42B	185.59B	126.88B
Total Debt	302.80B	343.06B	385.05B	270.20B	170.23B	158.95B
Total Liabilities	505.78B	584.38B	628.20B	431.90B	293.61B	256.66B
Stockholders Equity	525.10B	490.50B	494.94B	419.24B	364.57B	315.91B
Cash Flow
Free Cash Flow	-38.06B	-78.59B	58.81B	21.72B	41.16B	-37.57B
Operating Cash Flow	110.74B	118.89B	145.23B	125.75B	108.37B	38.95B
Investing Cash Flow	-115.32B	-164.18B	-77.27B	-104.02B	-67.72B	-82.34B
Financing Cash Flow	-47.60B	-7.11B	67.53B	92.58B	13.94B	-6.24B

IBIDEN CO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13240.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4062, the sentiment is Positive. The current price of 13240 is above the 20-day moving average (MA) of 12230.25, above the 50-day MA of 12162.80, and above the 200-day MA of 7564.64, indicating a bullish trend. The MACD of 232.83 indicates Negative momentum. The RSI at 58.77 is Neutral, neither overbought nor oversold. The STOCH value of 92.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4062.

IBIDEN CO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6981	77 Outperform	¥5.91T	25.18	8.95%	1.88%	2.88%	28.76%
6908	70 Outperform	¥76.28B	19.33	―	3.05%	10.79%	12.28%
6951	65 Neutral	¥257.86B	14.67	―	2.04%	-0.69%	-29.88%
4062	63 Neutral	¥1.85T	52.45	6.81%	0.40%	5.18%	3.36%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6762	61 Neutral	¥4.23T	24.44	―	1.41%	7.73%	-1.93%
6976	54 Neutral	¥444.20B	102.72	―	2.57%	4.81%	-49.43%

IBIDEN CO Corporate Events

IBIDEN Announces Stock Split and Dividend Forecast Update

IBIDEN CO., LTD. announced a stock split to double its issued shares, aiming to lower the stock price per unit and boost share liquidity. The company also amended its articles of incorporation to reflect the increased number of authorized shares, adjusted the conversion price of its convertible bonds, and revised its year-end dividend forecast, maintaining a stable dividend policy amidst a challenging business environment.

IBIDEN Introduces Progressive Dividends and Announces Interim Dividend

IBIDEN CO., LTD. has announced a change in its dividend policy to introduce progressive dividends, aiming for a 20% payout ratio and a base annual dividend of 40 yen per share from fiscal year ending March 2026 through March 2031. This shift reflects the company’s commitment to balancing growth investments and financial discipline. Additionally, IBIDEN declared an interim dividend of 30 yen per share, including a commemorative dividend, to mark the commencement of mass production at its new Ono Plant, a leading facility for IC package substrates.

IBIDEN CO. Exceeds Q2 Forecasts and Revises Full-Year Outlook

IBIDEN CO., LTD. announced that its consolidated financial results for the second quarter exceeded previous forecasts due to strong demand for high-value-added products in the Electronics Business and a favorable yen depreciation. The company has revised its full-year forecast upwards, anticipating continued strong orders in the Electronics Business, although the Ceramics Business faces uncertainties in the automotive and power semiconductor markets.

IBIDEN CO. Reports Strong Q2 FY 2025 Results and Announces Dividend Plans

IBIDEN CO., LTD. announced its consolidated financial results for the second quarter of FY 2025, showing a significant increase in net sales and profits compared to the previous year. The company has decided to pay an interim dividend, including a commemorative dividend, and plans a stock split effective January 2026, reflecting a strategic move to enhance shareholder value and align with its progressive dividend policy.

IBIDEN Announces Dividend Receipt from European Subsidiary

IBIDEN Co., Ltd. announced that its subsidiary, IBIDEN Europe B.V., will distribute surplus dividends amounting to 70 million euros, impacting IBIDEN’s non-consolidated financial results for the fiscal year ending March 2026. This dividend income will be recorded as non-operating income, but there will be no effect on the consolidated financial results.