NGK Insulators Ltd (JP:5333)
:5333
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NGK Insulators
(5333)
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Rating:76Outperform
Price Target:
¥7,430.00
▲(112.89% Upside)
Action:Reiterated
Date:05/02/26
The score is driven primarily by improved financial strength (notably the much lower leverage) and constructive top-line trends, supported by strong technical uptrend signals. These positives are tempered by volatile multi-year margins, mixed cash conversion, and only moderate valuation support given a mid-range P/E and modest dividend yield.
Positive Factors
Balance-sheet strength
The company’s 2026 balance-sheet improvement — sharp debt reduction and debt-to-equity near 0.05 with consistent equity growth — materially raises financial resilience. Sustained low leverage improves funding flexibility for capex, R&D, and downturns, lowering refinancing risk over months.
Negative Factors
Multi-year margin volatility
Margins have swung materially over several years, with 2026 improvements still below prior peaks. Such volatility undermines earnings quality and predictability, complicates capital-allocation and forecasting decisions, and raises the risk that short-term margin pressure could quickly erode profitability again.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
The company’s 2026 balance-sheet improvement — sharp debt reduction and debt-to-equity near 0.05 with consistent equity growth — materially raises financial resilience. Sustained low leverage improves funding flexibility for capex, R&D, and downturns, lowering refinancing risk over months.
Read all positive factors
NGK Insulators (5333) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.79T
Dividend Yield2.01%
Average Volume (3M)1.03M
Price to Earnings (P/E)31.7
Beta (1Y)1.19
Revenue Growth8.17%
EPS Growth10.92%
CountryJP
Employees20,000
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)206.31
Shares Outstanding285,993,500
10 Day Avg. Volume1,024,400
30 Day Avg. Volume1,030,250
Financial Highlights & Ratios
PEG Ratio1.76
Price to Book (P/B)1.43
Price to Sales (P/S)1.72
P/FCF Ratio13.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,400.00Price Target Upside26.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)291.53
Revenue Forecast (FY)¥705.45B
NGK Insulators Business Overview & Revenue Model
Company Description
NGK Insulators, Ltd., founded in Nagoya, Japan, in 1919, is a global enterprise specializing in the manufacturing and distribution of electrical power infrastructure and a wide array of industrial goods. The company conducts its operations across ...
How the Company Makes Money
NGK Insulators makes money primarily by designing, manufacturing, and selling ceramic-based products to business and infrastructure customers. Key revenue streams include: (1) Sales of power-related ceramics and components used by utilities and gr...
NGK Insulators Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
67
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 670.13B | 619.51B | 578.91B | 559.24B | 510.44B |
| Gross Profit | 194.42B | 187.97B | 168.52B | 165.82B | 174.98B |
| EBITDA | 94.26B | 137.31B | 122.42B | 119.75B | 132.80B |
| Net Income | 59.94B | 54.93B | 40.56B | 55.05B | 70.85B |
Balance Sheet | |||||
| Total Assets | 1.24T | 1.14T | 1.13T | 1.03T | 982.83B |
| Cash, Cash Equivalents and Short-Term Investments | 322.92B | 263.87B | 242.67B | 214.71B | 185.64B |
| Total Debt | 244.63B | 252.24B | 259.32B | 253.36B | 252.35B |
| Total Liabilities | 425.98B | 415.48B | 424.35B | 386.72B | 393.24B |
| Stockholders Equity | 809.24B | 720.58B | 696.28B | 636.33B | 584.09B |
Cash Flow | |||||
| Free Cash Flow | 84.80B | 54.86B | 56.35B | 57.69B | 59.60B |
| Operating Cash Flow | 137.99B | 96.66B | 99.16B | 97.95B | 94.83B |
| Investing Cash Flow | -77.12B | -55.08B | -68.59B | -52.01B | -46.29B |
| Financing Cash Flow | -48.28B | -34.22B | -36.12B | -34.57B | -45.26B |
NGK Insulators Technical Analysis
Positive
3490.00
Price Trends
5047.30
Positive
4501.04
Positive
3602.48
Positive
Market Momentum
407.40
Negative
70.92
Negative
86.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5333, the sentiment is Positive. The current price of 3490 is below the 20-day moving average (MA) of 5974.35, below the 50-day MA of 5047.30, and below the 200-day MA of 3602.48, indicating a bullish trend. The MACD of 407.40 indicates Negative momentum. The RSI at 70.92 is Negative, neither overbought nor oversold. The STOCH value of 86.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5333.
NGK Insulators Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥188.81B | 18.98 | ― | 3.39% | 7.85% | 24.91% | |
76 Outperform | ¥1.79T | 31.66 | 7.13% | 2.01% | 8.17% | 10.92% | |
76 Outperform | ¥445.53B | 18.86 | 14.28% | 2.40% | 8.33% | 27.80% | |
72 Outperform | ¥342.70B | 44.28 | 2.20% | 2.81% | 0.90% | 38.34% | |
71 Outperform | ¥1.34T | 22.90 | 12.13% | 1.21% | 7.54% | 13.65% | |
67 Neutral | ¥8.07B | 6.84 | ― | 3.51% | 17.76% | 51.33% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:5333
NGK Insulators
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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.