Nichicon Corporation (6996) AI Stock Analysis

• Market Cap: ¥82.02B
• Dividend Yield: 2.89%
• Average Volume (3M): 213.76K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.91
• Revenue Growth: -5.67%
• EPS Growth: -21.99%
• Country: JP
• Employees: 5,394
• Sector: Technology
• Sector Strength: 82
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -18.58
• Shares Outstanding: 70,000,000
• 10 Day Avg. Volume: 206,170
• 30 Day Avg. Volume: 213,763
• PEG Ratio: 0.65
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.27
• 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: ¥920.00
• Price Target Upside: -24.03% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

Nichicon Corporation demonstrates strong financial stability with excellent profitability and balance sheet strength. However, declining revenue growth and bearish technical indicators present challenges. The stock appears undervalued with a low P/E ratio and attractive dividend yield, providing a potential opportunity for income-focused investors. Overall, the company's stable financial health and valuation strength are key positives, but caution is warranted due to technical trends.

Nichicon Corporation Business Overview & Revenue Model

Company Description

Nichicon Corporation, together with its subsidiaries, develops, produces, and sells capacitors and circuit products for electric and electronic products in Japan, the U.S.A, Asia, and internationally. It offers chip type, miniature type, and large can type aluminum electrolytic capacitors; conductive polymer aluminum solid electrolytic capacitors; and electric double layer capacitors, plastic film capacitors, positive thermistors, function and power modules, and inverter smoothing capacitors. The company also provides household energy storage systems; vehicle-to-home systems; EV/PHVs quick chargers; power storage systems for public and industrial use; small Li-Ion rechargeable batteries; switching power supplies; power sources for medical and academic study accelerators; voltage sag compensators; and power outage compensators. Its products have applications in energy, ecology, and medical equipment; automotive and railway-car related appliances; home appliances and industrial inverters; and information and communications equipment. The company was formerly known as Nichicon Capacitor Ltd. and changed its name to Nichicon Corporation in October 1987. Nichicon Corporation was incorporated in 1950 and is headquartered in Kyoto, Japan.

How the Company Makes Money

Nichicon Corporation generates revenue primarily through the manufacture and sale of electronic components. The company's key revenue streams include the sale of capacitors, which are essential components in a wide array of electronic devices and systems. Nichicon's products are utilized in sectors such as automotive, where they play a critical role in electronic control systems, and renewable energy, supporting the efficiency and reliability of power conversion systems. Additionally, Nichicon may engage in partnerships with major electronics manufacturers and distributors, enhancing its market reach and sales capabilities. The company's focus on innovation and quality ensures a competitive edge, aiding in sustained demand and profitability across its product lines.

Nichicon Corporation Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
175.64B	181.64B	184.72B	142.20B	116.07B	119.67B
	Gross Profit
28.12B	31.26B	33.75B	24.40B	16.89B	18.21B
	EBIT
4.72B	8.90B	12.68B	6.43B	1.57B	2.55B
	EBITDA
14.28B	17.62B	19.99B	12.27B	6.72B	7.88B
	Net Income Common Stockholders
7.41B	8.25B	7.81B	7.90B	1.70B	2.81B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
29.19B	29.49B	25.67B	18.30B	20.81B	21.06B
	Total Assets
202.52B	206.94B	192.34B	170.11B	156.01B	139.43B
	Total Debt
27.57B	35.62B	33.46B	25.56B	25.61B	25.65B
	Net Debt
-1.42B	6.23B	8.39B	7.76B	5.84B	7.21B
	Total Liabilities
84.35B	93.10B	90.99B	75.46B	66.74B	61.98B
	Stockholders Equity
114.81B	110.90B	98.84B	92.41B	87.19B	75.59B
Cash Flow		Free Cash Flow
6.10B	4.04B	-164.00M	-2.63B	1.17B	-2.08B
	Operating Cash Flow
18.41B	16.32B	9.19B	5.26B	7.09B	4.81B
	Investing Cash Flow
-8.38B	-12.73B	-8.12B	-5.97B	-4.01B	-4.77B
	Financing Cash Flow
-11.91B	-571.00M	5.43B	-2.30B	-2.13B	4.98B

Nichicon Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1211.00
• 50DMA: Positive
• 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 JP:6996, the sentiment is Positive. The current price of 1211 is above the 20-day moving average (MA) of 1144.20, above the 50-day MA of 1185.75, and above the 200-day MA of 1069.45, indicating a bullish trend. The MACD of 8.54 indicates Negative momentum. The RSI at 58.88 is Neutral, neither overbought nor oversold. The STOCH value of 63.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6996.

Nichicon Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6988	74 Outperform	$1.95T	14.10	13.37%	1.96%	10.79%	35.98%
6996	74 Outperform	¥82.02B	14.06		2.89%	-5.67%	-21.99%
6794	74 Outperform	¥28.68B	9.60		4.65%	9.31%	-16.41%
6770	73 Outperform	¥292.99B	7.68	9.28%	4.27%	2.73%	―
6645	66 Neutral	¥814.88B	50.10	2.10%	2.64%	-6.57%	-76.15%
Sector *	60 Neutral	$11.64B	10.63	-6.94%	2.93%	7.63%	-11.15%
6755	57 Neutral	€293.79B	―	-2.79%	0.68%	11.88%	-227.11%