Nikon (NINOY) AI Stock Analysis

• Market Cap: $3.55B
• Dividend Yield: 2.09%
• Average Volume (3M): 5.00
• Price to Earnings (P/E): 65.0
• Beta (1Y): 0.57
• Revenue Growth: -2.80%
• EPS Growth: -65.04%
• Country: US
• Employees: 19,444
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): -0.08
• Shares Outstanding: 333,585,700
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 5
• PEG Ratio: -1.02
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.71
• P/FCF Ratio: -23.75
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: <0.01
• Enterprise Value/Gross Profit: 0.01
• Enterprise Value/Ebitda: 0.08
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: $12.50 ▲(7.94% Upside)

Nikon's overall stock score reflects a company facing financial challenges, particularly in revenue growth and cash flow management. While the technical analysis shows some positive trends, the high P/E ratio suggests potential overvaluation. The stable balance sheet is a relative strength, but the need for improved profitability and cash flow stability is significant.

Positive Factors

Stable Balance Sheet

A stable balance sheet with moderate leverage provides Nikon with a solid foundation to manage financial obligations and invest in growth opportunities, supporting long-term business stability.

High Gross Profit Margin

A strong gross profit margin indicates efficient production and pricing strategies, allowing Nikon to maintain profitability even amidst revenue challenges, which is crucial for sustaining operations.

Diverse Revenue Streams

Diversification across consumer electronics and industrial equipment sectors reduces dependency on a single market, enhancing resilience against sector-specific downturns and supporting long-term growth.

Negative Factors

Declining Revenue Growth

A sharp decline in revenue growth highlights challenges in market demand or competitive positioning, potentially impacting Nikon's ability to invest in innovation and maintain market share over time.

Low Net Profit Margin

A low net profit margin suggests limited profitability, which can restrict Nikon's capacity to reinvest in business development and innovation, affecting long-term competitive positioning and shareholder returns.

Cash Flow Management Issues

Challenges in cash flow management, indicated by negative free cash flow, can lead to liquidity issues, limiting Nikon's ability to fund operations and strategic initiatives, thereby affecting long-term sustainability.

Nikon Business Overview & Revenue Model

Company Description

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through three segments: Imaging Products Business, Precision Equipment Business, and Healthcare Business. The Imaging Products Business segment develops, manufacture, sells, and services digital SLR cameras, compact digital cameras, and interchangeable camera lenses. The Precision Equipment Business segment provides FPD lithography systems and semiconductor lithography systems. The Healthcare Business segment offers biological microscopes, cell culture observation systems, and ultra-wide field retinal imaging devices. In addition, the company provides industrial microscopes, measuring instruments, non-contact 3D metrology systems, X-ray/CT inspection systems, and surveying instruments; and customized products, glass, encoders, and ophthalmic lenses. Further, it offers photomask substrates, camera components, sport optics products, and molded optical glasses; and develops and supports computer software. Nikon Corporation was incorporated in 1917 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Nikon generates revenue through multiple streams, primarily from the sale of imaging products such as cameras, lenses, and accessories. The company's revenue model is heavily reliant on consumer electronics sales, with a focus on high-margin products like professional-grade cameras and lenses. Additionally, Nikon has a significant presence in the precision equipment sector, providing products for industrial and scientific applications, further diversifying its revenue base. Strategic partnerships with retailers and online platforms enhance distribution channels, while collaborations with content creators and filmmakers boost brand visibility and product adoption. Service and repair offerings also contribute to recurring revenue, alongside licensing agreements for technology and intellectual property.

Nikon Financial Statement Overview

Summary

Nikon's financial performance is challenged by a significant decline in revenue growth and operational inefficiencies, as reflected in the income statement. The balance sheet is stable with moderate leverage, but cash flow management shows liquidity concerns. Overall, profitability and cash flow stability need improvement.

Income Statement

Nikon's income statement shows a mixed performance. The TTM data indicates a significant decline in revenue growth (-80.7%), which is concerning. Gross profit margin remains healthy at 42.89%, but the net profit margin is low at 1.81%, indicating limited profitability. The negative EBIT margin suggests operational challenges. Overall, the income statement reflects a need for improvement in revenue growth and operational efficiency.

Balance Sheet

The balance sheet is relatively stable with a manageable debt-to-equity ratio of 0.33 in the TTM period, indicating moderate leverage. Return on equity is low at 1.96%, suggesting limited returns for shareholders. The equity ratio is not provided, but the overall balance sheet suggests a stable financial position with room for improvement in profitability.

Cash Flow

Cash flow analysis reveals challenges, with a negative free cash flow and a concerning free cash flow to net income ratio of -0.56 in the TTM period. The operating cash flow to net income ratio is low at 0.11, indicating potential liquidity issues. The significant growth in free cash flow is a positive sign, but overall cash flow management needs attention.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	709.51B	715.28B	717.25B	628.11B	539.61B	451.22B
Gross Profit	304.32B	311.97B	310.05B	277.73B	225.97B	145.24B
EBITDA	56.58B	55.72B	77.73B	86.83B	71.01B	-15.08B
Net Income	12.84B	6.12B	32.57B	44.94B	42.68B	-34.50B
Balance Sheet
Total Assets	1.14T	1.11T	1.15T	1.05T	1.04T	989.74B
Cash, Cash Equivalents and Short-Term Investments	164.74B	166.71B	222.55B	212.58B	370.28B	351.80B
Total Debt	214.56B	193.57B	166.71B	134.02B	130.06B	134.07B
Total Liabilities	495.69B	471.29B	462.02B	431.92B	439.60B	451.01B
Stockholders Equity	641.49B	637.98B	683.79B	614.97B	597.68B	537.59B
Cash Flow
Free Cash Flow	-19.75B	-21.40B	-24.45B	-33.01B	7.53B	-18.13B
Operating Cash Flow	35.10B	48.26B	30.77B	15.00M	31.35B	4.97B
Investing Cash Flow	-58.22B	-69.99B	-41.41B	-112.15B	-385.00M	18.02B
Financing Cash Flow	1.38B	-19.81B	-8.94B	-56.21B	-26.15B	-4.99B

Nikon Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.58
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NINOY, the sentiment is Positive. The current price of 11.58 is above the 20-day moving average (MA) of 11.51, below the 50-day MA of 11.83, and above the 200-day MA of 10.62, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 50.30 is Neutral, neither overbought nor oversold. The STOCH value of 74.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NINOY.

Nikon Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOLF	68 Neutral	$4.96B	23.11	25.91%	1.17%	4.20%	24.12%
OSW	68 Neutral	$2.08B	28.75	13.53%	0.83%	7.27%	45.12%
JOUT	64 Neutral	$421.89M	―	-8.33%	3.22%	-3.56%	-407.47%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MODG	58 Neutral	$2.34B	―	-46.95%	―	-3.58%	-12720.97%
NINOY	57 Neutral	$3.55B	65.03	1.29%	2.09%	-2.80%	-65.04%
AOUT	43 Neutral	$89.61M	―	-2.64%	―	5.56%	56.01%

Nikon Corporate Events

Nikon Corporation Reports Mixed Q1 2025 Results

Nikon Corporation is a leading Japanese multinational corporation specializing in optics and imaging products, including cameras, precision equipment, and healthcare solutions, operating primarily in the technology sector.