NGK SPARK PLUG CO (5334) AI Stock Analysis

• Market Cap: $995.17B
• Dividend Yield: 3.55%
• Average Volume (3M): 520.49K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 1.23
• Revenue Growth: 6.27%
• EPS Growth: 13.95%
• Country: JP
• Employees: 15,980
• Sector: Consumer Cyclical
• Sector Strength: 65
• Industry: Auto - Parts
• EPS (TTM): 91.62
• Shares Outstanding: 199,247,730
• 10 Day Avg. Volume: 472,650
• 30 Day Avg. Volume: 520,490
• PEG Ratio: 2.41
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.68
• 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: $5,099.41
• Price Target Upside: 1.70% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: ¥5,124.00 ▲(2.19%Upside)

NGK SPARK PLUG CO scores well due to its strong financial performance and attractive valuation. The financial health, marked by consistent revenue growth and solid balance sheet, is a significant positive factor. Although technical analysis indicates neutral momentum, the potential undervaluation and good dividend yield provide a compelling case for investors.

NGK SPARK PLUG CO Business Overview & Revenue Model

Company Description

NGK Spark Plug Co., Ltd., together with its subsidiaries, manufactures and sells spark plugs and related products for internal-combustion engines; and technical ceramics and applicable products in Japan. The company offers spark plugs, including plugs for aftermarket and original equipment, igniter plugs, and resister cables and covers; glow plugs comprising ceramic and metal type glow plugs, and glow controllers; and oxygen, NOx, temperature, and knock sensors. It also provides semiconductor packages and substrates, such as IC packages for electronics and smart devices, as well as manufacturing parts for semiconductors; and medical products. In addition, the company offers fine ceramics, including wear-resistant parts, ultrasonic transducers and sensors, products for semiconductor manufacturing equipment, electric equipment products, and other ceramic products. Further, it provides cutting tools comprising ceramic, cermet, micro grain carbide, coated carbide, and cubic boron nitride grades, as well as SS and rotational tools. The company sells its spark and glow plugs under NGK brand; and sensors, semiconductor packages/substrates, cutting tools, and fine ceramics under NTK brand. NGK Spark Plug Co., Ltd. was founded in 1936 and is headquartered in Nagoya, Japan.

How the Company Makes Money

NGK SPARK PLUG CO. generates revenue through the manufacture and sale of automotive components and technical ceramics. The automotive components sector is the primary revenue stream, with products like spark plugs, glow plugs, and various automotive sensors, which are essential for vehicle operation and performance. These products are sold directly to automotive manufacturers and through aftermarket distributors. The technical ceramics sector contributes to the company's earnings by providing ceramic products used in medical devices, environmental solutions, and industrial applications. Key partnerships with automotive manufacturers and ongoing investments in research and development help the company maintain its competitive edge and drive sales growth. The company's global distribution network and strong brand reputation further bolster its revenue generation capabilities.

NGK SPARK PLUG CO Financial Statement Overview

Summary

NGK SPARK PLUG CO displays strong financial health with consistent revenue growth, robust profitability margins, and a solid balance sheet with low leverage. The company effectively converts income into cash flows, ensuring liquidity and operational efficiency. While there are minor fluctuations in debt levels, they are well-managed.

Income Statement

NGK SPARK PLUG CO has shown consistent revenue growth with a Revenue Growth Rate of 6.26% from 2024 to 2025. The Gross Profit Margin stands at a healthy 39.52% for 2025, indicating strong cost management. The Net Profit Margin improved to 14.19% in 2025, reflecting efficient operations and profitability. EBIT and EBITDA Margins at 19.05% and 27.42%, respectively, demonstrate robust operational performance.

Balance Sheet

The company maintains a strong equity position with an Equity Ratio of 68.06% in 2025, signaling financial stability. The Debt-to-Equity Ratio is low at 0.23, indicating conservative leverage. Return on Equity (ROE) is solid at 13.73%, showcasing effective utilization of shareholder capital. Overall, the balance sheet reflects a strong financial position with manageable debt levels.

Cash Flow

NGK SPARK PLUG CO has demonstrated strong cash flow generation with a Free Cash Flow Growth Rate of 24.29% from 2024 to 2025. The Operating Cash Flow to Net Income Ratio is 1.43, indicating good cash conversion from profits. The Free Cash Flow to Net Income Ratio of 1.11 shows effective capital management. The company's cash flow statements indicate healthy liquidity and efficient capital expenditure management.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	652.99B	614.49B	562.56B	491.73B	427.55B
Gross Profit	258.10B	226.19B	197.82B	156.17B	130.22B
EBITDA	179.08B	158.19B	127.26B	104.22B	81.49B
Net Income	92.63B	82.65B	66.29B	60.20B	38.37B
Balance Sheet
Total Assets	990.97B	975.72B	903.10B	823.18B	771.29B
Cash, Cash Equivalents and Short-Term Investments	208.19B	180.68B	219.79B	188.34B	165.79B
Total Debt	156.68B	178.11B	186.42B	154.74B	187.54B
Total Liabilities	316.24B	337.42B	339.36B	305.19B	319.67B
Stockholders Equity	674.57B	637.68B	563.67B	514.32B	448.83B
Cash Flow
Free Cash Flow	102.83B	82.72B	44.98B	44.07B	33.82B
Operating Cash Flow	132.92B	118.18B	69.31B	71.91B	63.40B
Investing Cash Flow	-34.25B	-92.16B	-37.38B	10.23B	-42.52B
Financing Cash Flow	-71.00B	-57.45B	-1.77B	-53.83B	28.17B

NGK SPARK PLUG CO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5014.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5334, the sentiment is Positive. The current price of 5014 is above the 20-day moving average (MA) of 4850.60, above the 50-day MA of 4748.86, and above the 200-day MA of 4562.87, indicating a bullish trend. The MACD of 92.34 indicates Negative momentum. The RSI at 74.95 is Negative, neither overbought nor oversold. The STOCH value of 91.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5334.

NGK SPARK PLUG CO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5334	74 Outperform	$995.17B	10.76	13.91%	3.55%	6.27%	13.95%
Sector *	62 Neutral	$16.79B	10.79	-7.01%	3.04%	1.73%	-25.15%
SMTUF	―	$2.97B	52.12	-1.90%	3.91%	―	―
TOTTF	―	$3.19B	5.90	14.57%	3.90%	―	―
YORUF	―	$4.39B	9.49	7.48%	2.57%	―	―
5161	78 Outperform	¥106.78B	26.32		6.60%	2.32%	-21.60%
5191	69 Neutral	¥185.64B	6.77		4.03%	2.91%	47.09%

NGK SPARK PLUG CO Corporate Events

Niterra Co., Ltd. Proposes Revised Stock Remuneration System

Niterra Co., Ltd. has announced a proposal for the continuation and partial revision of its performance-linked stock remuneration system for its directors and corporate officers. This system aims to align the interests of the directors with shareholders by linking remuneration to company performance and share value, thereby incentivizing improved medium- to long-term corporate performance. The revised system, subject to shareholder approval, includes changes to cash contribution limits and performance indicators to enhance the focus on achieving performance targets and sustainable growth.

The most recent analyst rating on (JP:5334) stock is a Hold with a Yen4800.00 price target. To see the full list of analyst forecasts on NGK SPARK PLUG CO stock, see the JP:5334 Stock Forecast page.

Niterra Co., Ltd. Announces Increased Year-End Dividend

Niterra Co., Ltd., listed on the Tokyo Prime and Nagoya Premier stock exchanges, announced a dividend increase following a board meeting. The company has resolved to distribute a year-end dividend of 90 yen per share, an increase from the previous forecast of 89 yen, reflecting its commitment to returning profits to shareholders. This decision aligns with Niterra’s stable and performance-linked dividend policy, aiming for a dividend on equity of around 4% and a payout ratio of around 10%. The total dividend for the fiscal year will be 178 yen per share, up from 164 yen the previous year.

Niterra Announces Change in Leadership

Niterra Co., Ltd. announced a change in its management structure with the retirement of a Representative Director. Toru Matsui will resign from his position as Representative Director and Director after the company’s 125th Ordinary General Meeting of Shareholders on June 25, 2025, but will continue as Executive Vice President.

Niterra Co., Ltd. Reports Strong Financial Growth and Strategic Reorganization

Niterra Co., Ltd. reported its consolidated financial results for the fiscal year ending March 31, 2025, showing a significant increase in total revenue and operating profit compared to the previous year. The company has reorganized its segment classifications, merging its ‘New Businesses’ into ‘Component Solutions,’ which includes future growth areas like fuel cells and silicon nitride-related products. This restructuring aims to streamline operations and enhance focus on promising sectors, potentially impacting its market positioning and stakeholder interests.