KH Neochem Co.,Ltd. (JP:4189)
:4189
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KH Neochem Co.,Ltd.
(4189)
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Rating:67Neutral
Price Target:
¥3,255.00
▲(31.41% Upside)
Action:ReiteratedDate: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
Strong balance sheet
Conservative leverage (D/E ~0.26) and growing equity provide durable financial flexibility in a cyclical chemicals sector. This balance-sheet strength supports capital spending, dividend continuity and stress absorption during downturns, reducing structural refinancing and liquidity risk.
Negative Factors
Choppy revenue trend
Range-bound top line with a recent ~6% decline signals limited secular growth visibility. For a manufacturer reliant on volume and pricing, persistent revenue volatility constrains long-term capacity planning, margin recovery and sustained reinvestment programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Conservative leverage (D/E ~0.26) and growing equity provide durable financial flexibility in a cyclical chemicals sector. This balance-sheet strength supports capital spending, dividend continuity and stress absorption during downturns, reducing structural refinancing and liquidity risk.
Read all positive factors
KH Neochem Co.,Ltd. (4189) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥102.84B
Dividend Yield3.88%
Average Volume (3M)110.95K
Price to Earnings (P/E)11.4
Beta (1Y)0.79
Revenue Growth2.61%
EPS Growth30.29%
CountryJP
Employees829
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)61.88
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)325.6
Revenue Forecast (FY)¥134.70B
KH Neochem Co.,Ltd. Business Overview & Revenue Model
Company Description
KH Neochem Co., Ltd. researches, manufactures, and sells petrochemical products in Japan and internationally. It offers a range of chemical products, such as alcohols, esters, ketones, glycol ethers, synthetic fatty acids, aldehydes, diols, hydroc...
How the Company Makes Money
KH Neochem generates revenue through the production and sale of its specialty chemical products. Its primary revenue streams include the sale of fine chemicals, which are utilized in various applications across multiple industries. The company mai...
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
Neutral
2477.00
Price Trends
2808.64
Negative
2615.07
Positive
2634.67
Positive
Market Momentum
-31.56
Positive
45.21
Neutral
30.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4189, the sentiment is Neutral. The current price of 2477 is below the 20-day moving average (MA) of 2886.20, below the 50-day MA of 2808.64, and below the 200-day MA of 2634.67, indicating a neutral trend. The MACD of -31.56 indicates Positive momentum. The RSI at 45.21 is Neutral, neither overbought nor oversold. The STOCH value of 30.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥40.56B | 5.81 | ― | 3.53% | -3.45% | 30.52% | |
73 Outperform | ¥184.72B | 14.03 | 4.41% | 3.80% | -1.50% | -32.46% | |
67 Neutral | ¥102.84B | 11.35 | ― | 3.88% | 2.61% | 30.29% | |
66 Neutral | ¥751.61B | 10.74 | 4.79% | 4.21% | -1.21% | -27.21% | |
65 Neutral | ¥81.43B | 17.82 | ― | 0.67% | 10.18% | -14.36% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ¥496.98B | 67.20 | 1.02% | 3.37% | -1.94% | -84.08% |
* Basic Materials Sector Average
JP:4189
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KH Neochem Co.,Ltd. Corporate Events
KH Neochem Lifts Dividends as Profitability Set to Improve Despite Flat Sales
Feb 6, 2026
KH Neochem reported a slight decline in performance for the fiscal year ended December 31, 2025, with net sales down 3.9% year on year to ¥115.1 billion and operating income falling 7.8% to ¥11.2 billion, while net income attributable to...
KH Neochem Cuts FY2025 Earnings Forecast on Weak Demand but Signals Profit Recovery in 2026
Jan 30, 2026
KH Neochem has cut its full-year consolidated forecast for the fiscal year ending December 31, 2025, trimming expected net sales from 127.4 billion yen to 115.0 billion yen and lowering projected operating income, ordinary income and net income by...
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.