KH Neochem Co.,Ltd. (JP:4189)
:4189
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KH Neochem Co.,Ltd.
(4189)
Select Model
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Rating:67Neutral
Price Target:
¥2,894.00
▲(16.83% Upside)
Action:Reiterated
Date:02/11/26
The score is driven primarily by solid underlying financial stability (notably conservative leverage) but tempered by mixed operating performance and historically uneven free cash flow. Technicals are supportive of an uptrend but look overextended, while valuation is a meaningful positive with a moderate P/E and strong dividend yield.
Positive Factors
Conservative leverage
A low and falling debt-to-equity ratio provides durable financial flexibility in a cyclical chemicals sector. This balance-sheet strength reduces refinancing risk, supports capital allocation for maintenance capex or dividends, and allows the company to withstand downturns without aggressive retrenchment.
Negative Factors
Recent revenue contraction
A recent top-line decline and historically range-bound sales point to weak end-market momentum or pricing pressure. Without durable revenue growth, the company faces limited operating leverage, making sustained margin expansion and long-term earnings growth more difficult to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
A low and falling debt-to-equity ratio provides durable financial flexibility in a cyclical chemicals sector. This balance-sheet strength reduces refinancing risk, supports capital allocation for maintenance capex or dividends, and allows the company to withstand downturns without aggressive retrenchment.
Read all positive factors
KH Neochem Co.,Ltd. (4189) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥106.59B
Dividend Yield3.88%
Average Volume (3M)110.95K
Price to Earnings (P/E)13.9
Beta (1Y)0.83
Revenue Growth-8.00%
EPS Growth-7.64%
CountryJP
Employees829
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)244.54
Shares Outstanding37,149,400
10 Day Avg. Volume104,350
30 Day Avg. Volume110,953
Financial Highlights & Ratios
PEG Ratio-3.35
Price to Book (P/B)1.27
Price to Sales (P/S)0.77
P/FCF Ratio9.70
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)265.65
Revenue Forecast (FY)¥121.25B
KH Neochem Co.,Ltd. Business Overview & Revenue Model
Company Description
Operating both domestically in Japan and across global markets, KH Neochem Co., Ltd. specializes in the research, production, and distribution of a wide array of petrochemical goods. Their extensive product portfolio encompasses various chemical c...
How the Company Makes Money
KH Neochem primarily makes money by manufacturing and selling chemical products (chemical intermediates) to business customers. Its revenue model is based on: (1) Product sales of oxo alcohols, carboxylic acids, and ester-related products—sold as ...
KH Neochem Co.,Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 122.59B | 115.10B | 119.76B | 115.22B | 114.88B | 117.11B |
| Gross Profit | 26.90B | 24.87B | 25.25B | 21.94B | 24.45B | 32.23B |
| EBITDA | 19.04B | 17.58B | 17.17B | 14.60B | 16.75B | 24.19B |
| Net Income | 8.99B | 7.80B | 8.36B | 6.83B | 8.07B | 13.69B |
Balance Sheet | ||||||
| Total Assets | 125.88B | 130.10B | 131.46B | 124.50B | 131.25B | 122.07B |
| Cash, Cash Equivalents and Short-Term Investments | 5.40B | 6.72B | 7.16B | 9.68B | 10.93B | 16.93B |
| Total Debt | 20.47B | 18.29B | 19.20B | 16.39B | 22.52B | 20.16B |
| Total Liabilities | 55.23B | 57.47B | 59.54B | 58.00B | 69.18B | 64.56B |
| Stockholders Equity | 67.80B | 69.68B | 69.09B | 63.74B | 59.35B | 54.92B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 9.13B | -1.45B | 8.11B | -5.27B | 13.36B |
| Operating Cash Flow | 0.00 | 13.78B | 6.98B | 13.20B | 5.13B | 17.40B |
| Investing Cash Flow | 0.00 | -4.63B | -8.90B | -4.94B | -10.08B | -4.39B |
| Financing Cash Flow | 0.00 | -9.57B | -645.00M | -9.50B | -1.08B | -5.17B |
KH Neochem Co.,Ltd. Technical Analysis
Positive
2477.00
Price Trends
2737.36
Positive
2780.62
Positive
2673.88
Positive
Market Momentum
22.56
Negative
65.25
Neutral
87.72
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4189, the sentiment is Positive. The current price of 2477 is below the 20-day moving average (MA) of 2720.00, below the 50-day MA of 2737.36, and below the 200-day MA of 2673.88, indicating a bullish trend. The MACD of 22.56 indicates Negative momentum. The RSI at 65.25 is Neutral, neither overbought nor oversold. The STOCH value of 87.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4189.
KH Neochem Co.,Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥40.83B | 8.18 | ― | 3.53% | -7.83% | 13.39% | |
74 Outperform | ¥130.17B | 48.94 | ― | 0.67% | 8.51% | -17.90% | |
73 Outperform | ¥187.80B | 13.92 | 4.41% | 3.80% | -4.32% | 27.07% | |
67 Neutral | ¥106.59B | 13.90 | ― | 3.88% | -8.00% | -7.64% | |
64 Neutral | ¥944.60B | 21.73 | 4.79% | 4.21% | -4.09% | -27.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ¥520.97B | 141.49 | 1.02% | 3.37% | -1.80% | -85.21% |
* Basic Materials Sector Average
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KH Neochem Co.,Ltd. Corporate Events
KH Neochem to Boost Board Benefit Trust with ¥55 Million Share Purchase
May 11, 2026
KH Neochem Co., Ltd. has approved an additional funding contribution to its Board Benefit Trust, a performance-linked share-based remuneration scheme for directors and corporate officers. The trust, established with Mizuho Trust Banking and using...
KH Neochem First-Quarter Profit Falls but Keeps 2026 Outlook and Higher Dividend Plan
May 11, 2026
KH Neochem reported a decline in first-quarter 2026 results, with net sales falling 11.2% year on year to ¥25.58 billion and operating income dropping 22.6% to ¥2.09 billion, while net income attributable to owners of the parent decrease...
KH Neochem Sees Strategic Capital Emerge as Largest Shareholder
Mar 18, 2026
KH Neochem has announced a shift in its major shareholder structure after Strategic Capital, Inc. increased its stake to become the largest shareholder by voting rights. Strategic Capital, an investment management firm led by President and CEO Tsu...
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.