NGK Spark Plug Co Ltd (NGKSY)
OTHER OTC:NGKSY
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NGK Spark Plug Co
(OTC:NGKSY)
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Rating:76Outperform
Price Target:
$35.00
â–²(62.79% Upside)
Action:Reiterated
Date:05/04/26
The score is driven primarily by strong fundamental performance (revenue/earnings growth and margin expansion through 2025), supported by appealing valuation (low P/E and solid dividend yield). Offsetting these positives are cash conversion headwinds and a 2026 free-cash-flow step-down, while technical signals are neutral-to-mixed in the near term.
Positive Factors
Consistent Revenue & Earnings Growth
NGK has delivered multi-year top-line and net income growth through 2026, with revenue accelerating to ~10.8% most recently. This persistent growth indicates expanding market penetration and steady demand for core products, supporting durable earnings power and reinvestment capacity over the next several months.
Negative Factors
Cash Conversion Headwinds
Operating cash flow consistently trails reported net income and free cash flow has historically been a fraction of earnings, indicating working-capital or cash conversion issues. The decline in FCF in 2026 despite higher net income shows earnings may not reliably convert to cash, constraining funding for capex, dividends, or debt reduction if persistent.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue & Earnings Growth
NGK has delivered multi-year top-line and net income growth through 2026, with revenue accelerating to ~10.8% most recently. This persistent growth indicates expanding market penetration and steady demand for core products, supporting durable earnings power and reinvestment capacity over the next several months.
Read all positive factors
NGK Spark Plug Co (NGKSY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.31B
Dividend Yield2.71%
Average Volume (3M)0.00
Price to Earnings (P/E)11.3
Beta (1Y)0.64
Revenue Growth13.16%
EPS Growth23.72%
CountryUS
Employees15,980
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)289.82
Shares Outstanding398,495,450
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.77
Price to Sales (P/S)1.76
P/FCF Ratio17.70
Enterprise Value/Market Cap155.95
Enterprise Value/Revenue2.59
Enterprise Value/Gross Profit6.74
Enterprise Value/Ebitda9.80
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 p...
How the Company Makes Money
NGK Spark Plug Co. generates revenue primarily by manufacturing and selling ignition and engine-related components, with sales made to (1) automotive original equipment manufacturers (OEMs) for installation in new vehicles and equipment, and (2) t...
NGK Spark Plug Co Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 775.30B | 652.99B | 614.49B | 562.56B | 491.73B |
| Gross Profit | 297.80B | 258.10B | 226.19B | 197.82B | 156.17B |
| EBITDA | 196.64B | 180.14B | 145.40B | 127.26B | 104.22B |
| Net Income | 119.70B | 92.63B | 82.65B | 66.29B | 60.20B |
Balance Sheet | |||||
| Total Assets | 1.23T | 990.97B | 975.72B | 903.10B | 823.18B |
| Cash, Cash Equivalents and Short-Term Investments | 188.56B | 233.46B | 207.92B | 219.79B | 188.34B |
| Total Debt | 243.51B | 156.68B | 178.11B | 186.42B | 154.74B |
| Total Liabilities | 451.79B | 316.24B | 337.42B | 339.36B | 305.19B |
| Stockholders Equity | 770.75B | 674.57B | 637.68B | 563.67B | 514.32B |
Cash Flow | |||||
| Free Cash Flow | 77.00B | 98.14B | 82.72B | 44.98B | 44.07B |
| Operating Cash Flow | 115.98B | 132.92B | 118.18B | 69.31B | 71.91B |
| Investing Cash Flow | -175.51B | -34.25B | -92.16B | -37.38B | 10.23B |
| Financing Cash Flow | 30.34B | -71.00B | -57.45B | -1.77B | -53.83B |
NGK Spark Plug Co Technical Analysis
Positive
21.50
Price Trends
25.74
Positive
24.26
Positive
22.06
Positive
Market Momentum
1.42
Negative
65.26
Neutral
91.57
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NGKSY, the sentiment is Positive. The current price of 21.5 is below the 20-day moving average (MA) of 27.64, below the 50-day MA of 25.74, and below the 200-day MA of 22.06, indicating a bullish trend. The MACD of 1.42 indicates Negative momentum. The RSI at 65.26 is Neutral, neither overbought nor oversold. The STOCH value of 91.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NGKSY.
NGK Spark Plug Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $12.31B | 11.32 | 15.50% | 2.71% | 13.16% | 23.72% | |
74 Outperform | $12.68B | 11.51 | 6.34% | 1.24% | 2.36% | 34.03% | |
74 Outperform | $6.53B | 8.78 | 10.41% | 2.63% | 2.86% | 17.30% | |
64 Neutral | $9.46B | 21.96 | 29.49% | 1.07% | 13.99% | -25.70% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $6.32B | 23.74 | 7.93% | 4.00% | -1.37% | -24.48% | |
53 Neutral | $3.60B | -8.89 | -12.67% | 1.70% | -23.37% | -131.29% |
* Consumer Cyclical Sector Average
NGKSY
NGK Spark Plug Co
29.42
13.09
80.10%
ALSN
Allison Transmission Holdings
108.35
5.68
5.54%
BWA
BorgWarner
62.95
30.70
95.21%
DAN
Dana Incorporated
33.88
18.41
119.02%
LEA
Lear
133.31
44.81
50.62%
LKQ
LKQ
25.86
-13.35
-34.04%
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.