Nitto Denko Corporation (NDEKY)
OTHER OTC:NDEKY
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Nitto Denko
(OTC:NDEKY)
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Rating:72Outperform
Price Target:
$21.00
â–¼(-11.21% Downside)
Action:UpgradedDate:01/28/26
The score is driven primarily by strong financial performance—high and improving margins and an exceptionally low-debt balance sheet—partly offset by weaker cash conversion. Technical indicators are currently soft (below key moving averages with negative MACD), which limits the overall score despite a reasonable valuation (P/E ~17.9, ~1.56% yield).
Positive Factors
Strong and improving profitability margins
High and rising margins across gross, operating and EBITDA lines point to durable pricing power and manufacturing efficiency in specialty materials. Sustained margins support reinvestment, R&D funding and resilience to volume downturns, underpinning long-term cash generation.
Negative Factors
Revenue variability and cyclicality
Top-line volatility—highlighted by a FY2024 revenue dip despite recent TTM growth—reflects sensitivity to end-market production cycles (electronics, industrial). That cyclicality requires continual design wins and reduces predictability of multi-period revenue expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong and improving profitability margins
High and rising margins across gross, operating and EBITDA lines point to durable pricing power and manufacturing efficiency in specialty materials. Sustained margins support reinvestment, R&D funding and resilience to volume downturns, underpinning long-term cash generation.
Read all positive factors
Nitto Denko (NDEKY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.01B
Dividend Yield1.48%
Average Volume (3M)1.71K
Price to Earnings (P/E)17.1
Beta (1Y)0.67
Revenue Growth2.70%
EPS Growth-5.59%
CountryUS
Employees25,300
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.36
Shares Outstanding645,558,650
10 Day Avg. Volume2,129
30 Day Avg. Volume1,708
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.87
Price to Sales (P/S)1.92
P/FCF Ratio17.41
Enterprise Value/Market Cap142.11
Enterprise Value/Revenue1.81
Enterprise Value/Gross Profit4.74
Enterprise Value/Ebitda7.35
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.34
Revenue Forecast (FY)$6.70B
Nitto Denko Business Overview & Revenue Model
Company Description
Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, masking tapes, membranes, FPD/touch panel rela...
How the Company Makes Money
Nitto Denko makes money primarily by manufacturing and selling engineered materials and components—most notably functional adhesive tapes and films—used by other businesses in their products and production processes. Its revenue model is largely B...
Nitto Denko Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.02T | 1.01T | 915.14B | 929.04B | 853.45B | 761.32B |
| Gross Profit | 390.09B | 395.51B | 330.86B | 337.44B | 302.39B | 243.45B |
| EBITDA | 251.66B | 254.16B | 200.84B | 205.01B | 183.97B | 142.34B |
| Net Income | 134.25B | 137.24B | 102.68B | 109.17B | 97.13B | 70.23B |
Balance Sheet | ||||||
| Total Assets | 1.38T | 1.32T | 1.25T | 1.15T | 1.09T | 965.90B |
| Cash, Cash Equivalents and Short-Term Investments | 322.76B | 363.34B | 342.27B | 329.97B | 362.05B | 302.29B |
| Total Debt | 5.42B | 455.00M | 30.46B | 272.00M | 241.00M | 545.00M |
| Total Liabilities | 273.12B | 276.80B | 266.04B | 250.45B | 272.36B | 249.22B |
| Stockholders Equity | 1.10T | 1.04T | 984.02B | 902.21B | 821.19B | 715.87B |
Cash Flow | ||||||
| Free Cash Flow | 90.87B | 111.91B | 87.75B | 115.78B | 85.53B | 58.59B |
| Operating Cash Flow | 192.92B | 217.91B | 155.52B | 181.70B | 144.49B | 116.31B |
| Investing Cash Flow | -110.43B | -115.11B | -67.93B | -159.91B | -57.59B | -57.54B |
| Financing Cash Flow | -126.05B | -78.89B | -90.78B | -57.63B | -36.64B | -68.30B |
Nitto Denko Technical Analysis
Neutral
23.65
Price Trends
21.47
Negative
22.74
Negative
22.62
Negative
Market Momentum
-0.58
Negative
48.72
Neutral
48.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NDEKY, the sentiment is Neutral. The current price of 23.65 is above the 20-day moving average (MA) of 19.97, above the 50-day MA of 21.47, and above the 200-day MA of 22.62, indicating a neutral trend. The MACD of -0.58 indicates Negative momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 48.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NDEKY.
Nitto Denko Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $13.01B | 17.06 | 12.74% | 1.48% | 2.70% | -5.59% | |
71 Outperform | $14.16B | 70.63 | 21.80% | 1.96% | 3.09% | 12.25% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $14.99B | -6.32 | -15.50% | 2.88% | -5.32% | -1108.29% | |
59 Neutral | $23.28B | -18.77 | -6.63% | 12.78% | -19.65% | -157.13% | |
57 Neutral | $20.31B | -32.60 | -5.13% | 1.10% | -23.92% | 90.47% | |
57 Neutral | $18.68B | -46.13 | -2.49% | 2.41% | -3.01% | 82.30% |
* Basic Materials Sector Average
NDEKY
Nitto Denko
20.15
2.01
11.06%
ALB
Albemarle
172.35
118.58
220.56%
IFF
International Flavors & Fragrances
73.13
3.44
4.94%
LYB
LyondellBasell
72.27
22.54
45.31%
RPM
RPM International
110.97
10.47
10.42%
WLK
Westlake Corporation
117.21
32.52
38.41%
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.