Shin-Etsu Polymer Co., Ltd. (JP:7970)
:7970
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Shin-Etsu Polymer Co., Ltd.
(7970)
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Rating:78Outperform
Price Target:
¥2,399.00
▲(17.20% Upside)
Action:ReiteratedDate:04/29/26
The score is driven primarily by strong financial performance—especially the conservative balance sheet and healthy profitability—offset by uneven free cash flow. Technicals indicate a constructive but moderate uptrend, while valuation is supportive with a reasonable P/E and a ~2.95% dividend yield.
Positive Factors
Conservative balance sheet
Minimal-to-zero leverage and steady equity growth (86.7B in 2021 to 129.6B in 2026) provide durable financial flexibility. A conservative balance sheet lowers refinancing and solvency risk, enabling the company to fund capex, withstand downturns, and pursue strategic opportunities without heavy borrowing.
Negative Factors
Volatile free cash flow
Intermittent negative free cash flow during 2023–2024 points to lumpy capex or working-capital swings that reduce predictability of cash available for buybacks, dividends, or M&A. This variability complicates long-term capital allocation and weakens visible distributable cash in adverse cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Minimal-to-zero leverage and steady equity growth (86.7B in 2021 to 129.6B in 2026) provide durable financial flexibility. A conservative balance sheet lowers refinancing and solvency risk, enabling the company to fund capex, withstand downturns, and pursue strategic opportunities without heavy borrowing.
Read all positive factors
Shin-Etsu Polymer Co., Ltd. (7970) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥175.98B
Dividend Yield2.84%
Average Volume (3M)131.99K
Price to Earnings (P/E)15.6
Beta (1Y)0.75
Revenue Growth4.10%
EPS Growth5.25%
CountryJP
Employees4,457
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)21.05
Shares Outstanding82,623,375
10 Day Avg. Volume109,000
30 Day Avg. Volume131,986
Financial Highlights & Ratios
PEG Ratio2.96
Price to Book (P/B)1.19
Price to Sales (P/S)1.34
P/FCF Ratio14.88
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)137.2
Revenue Forecast (FY)¥120.00B
Shin-Etsu Polymer Co., Ltd. Business Overview & Revenue Model
Company Description
Shin-Etsu Polymer Co.,Ltd. manufactures and sells polyvinyl chloride (PVC) products worldwide. The company operates through Precision Molding Products, Electronic Devices, Housing and Living Materials, and Others segments. It offers touch switches...
How the Company Makes Money
Shin-Etsu Polymer makes money primarily by manufacturing and selling polymer-based products and components to business customers (B2B). Revenue is generated through: (1) Sales of engineered resin products and molded components: The company produce...
Shin-Etsu Polymer Co., Ltd. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 112.93B | 115.12B | 110.58B | 104.38B | 108.28B | 92.64B |
| Gross Profit | 34.47B | 34.57B | 33.94B | 31.16B | 33.73B | 29.14B |
| EBITDA | 19.99B | 20.38B | 19.06B | 15.71B | 16.89B | 13.52B |
| Net Income | 10.27B | 9.90B | 9.43B | 8.67B | 8.53B | 6.31B |
Balance Sheet | ||||||
| Total Assets | 145.76B | 153.00B | 152.99B | 140.78B | 135.36B | 122.58B |
| Cash, Cash Equivalents and Short-Term Investments | 41.42B | 50.07B | 44.90B | 42.45B | 46.90B | 48.75B |
| Total Debt | 1.95B | 0.00 | 755.00M | 133.00M | 219.00M | 0.00 |
| Total Liabilities | 24.28B | 23.45B | 29.83B | 27.81B | 30.23B | 28.24B |
| Stockholders Equity | 121.48B | 129.55B | 123.15B | 112.97B | 105.13B | 94.34B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 10.38B | 5.33B | -2.60B | -1.28B | 5.60B |
| Operating Cash Flow | 0.00 | 14.45B | 16.01B | 11.97B | 9.12B | 9.76B |
| Investing Cash Flow | 0.00 | -4.75B | -10.98B | -12.31B | -11.20B | -9.66B |
| Financing Cash Flow | 0.00 | -5.45B | -4.90B | -4.15B | -2.50B | -2.36B |
Shin-Etsu Polymer Co., Ltd. Technical Analysis
Positive
2047.00
Price Trends
2061.71
Positive
2016.67
Positive
1909.90
Positive
Market Momentum
27.12
Negative
52.92
Neutral
68.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7970, the sentiment is Positive. The current price of 2047 is above the 20-day moving average (MA) of 2040.94, below the 50-day MA of 2061.71, and above the 200-day MA of 1909.90, indicating a bullish trend. The MACD of 27.12 indicates Negative momentum. The RSI at 52.92 is Neutral, neither overbought nor oversold. The STOCH value of 68.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7970.
Shin-Etsu Polymer Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥326.69B | 5.46 | 9.34% | 4.27% | 0.43% | -23.12% | |
79 Outperform | ¥359.59B | 14.16 | 9.59% | 3.91% | 0.25% | 21.48% | |
78 Outperform | ¥175.98B | 15.59 | ― | 2.84% | 4.10% | 5.25% | |
76 Outperform | ¥446.20B | 17.67 | 6.52% | 1.82% | 2.84% | 65.28% | |
74 Outperform | ¥296.44B | 9.05 | 5.47% | 3.41% | 0.23% | -3.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ¥742.66B | 12.79 | 2.01% | 3.82% | -6.89% | -65.83% |
* Basic Materials Sector Average
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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.