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Shin-Etsu Polymer Co., Ltd.
(7970)
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Rating:72Outperform
Price Target:
¥2,494.00
▲(21.84% Upside)
Action:Upgraded
Date:10/26/26
The score is primarily driven by strong financial quality—healthy profitability trends and a fortress-like, low-debt balance sheet—partly offset by inconsistent free cash flow. Technical indicators are the key near-term risk, as the stock is trending below key moving averages with weak momentum, while valuation is reasonable and supported by a ~2.94% dividend yield.
Positive Factors
Revenue and Margin Expansion
The combination of substantial multi-year revenue expansion and improving net margins indicates stronger earnings power and operating effectiveness. If retained, this progress can support reinvestment, reinforce customer relationships, and provide a durable foundation for profitability over the next several quarters.
Negative Factors
Volatile Free Cash Flow
Although operating cash flow remains positive, swings into negative free cash flow reduce confidence in the amount consistently available for dividends, buybacks, or strategic investment. Repeated variability can make capital allocation less predictable and may reflect uneven investment or working-capital needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Expansion
The combination of substantial multi-year revenue expansion and improving net margins indicates stronger earnings power and operating effectiveness. If retained, this progress can support reinvestment, reinforce customer relationships, and provide a durable foundation for profitability over the next several quarters.
Read all positive factors
Shin-Etsu Polymer Co., Ltd. (7970) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥181.89B
Dividend Yield2.94%
Average Volume (3M)124.87K
Price to Earnings (P/E)19.6
Beta (1Y)0.85
Revenue Growth4.24%
EPS Growth-10.24%
CountryJP
Employees4,123
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)114.53
Shares Outstanding82,623,375
10 Day Avg. Volume144,120
30 Day Avg. Volume124,866
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)136.9
Revenue Forecast (FY)¥120.00B
Shin-Etsu Polymer Co., Ltd. Business Overview & Revenue Model
Company Description
Shin-Etsu Polymer Co., Ltd. is a global producer and vendor of a diverse range of polyvinyl chloride (PVC) products. The company organizes its business through distinct divisions: Precision Molding Products, Electronic Devices, Housing and Living ...
How the Company Makes Money
Shin-Etsu Polymer primarily makes money by selling manufactured polymer-based products to corporate customers on a B2B basis. Revenue is generated from (1) product sales of functional components and materials (e.g., molded resin/silicone parts and...
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 | 117.72B | 115.12B | 110.58B | 104.38B | 108.28B | 92.64B |
| Gross Profit | 35.27B | 34.57B | 33.94B | 31.16B | 33.73B | 29.14B |
| EBITDA | 19.94B | 20.01B | 19.03B | 16.47B | 15.55B | 13.20B |
| Net Income | 9.21B | 9.90B | 9.43B | 8.67B | 8.53B | 6.31B |
Balance Sheet | ||||||
| Total Assets | 153.37B | 153.00B | 152.99B | 140.78B | 135.36B | 122.58B |
| Cash, Cash Equivalents and Short-Term Investments | 50.43B | 50.07B | 44.90B | 42.45B | 46.90B | 48.75B |
| Total Debt | 2.27B | 0.00 | 755.00M | 133.00M | 219.00M | 0.00 |
| Total Liabilities | 22.77B | 23.45B | 29.83B | 27.81B | 30.23B | 28.24B |
| Stockholders Equity | 130.60B | 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
Negative
2047.00
Price Trends
2283.51
Negative
2293.63
Negative
2176.32
Positive
Market Momentum
1.64
Positive
40.02
Neutral
12.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7970, the sentiment is Negative. The current price of 2047 is below the 20-day moving average (MA) of 2390.11, below the 50-day MA of 2283.51, and below the 200-day MA of 2176.32, indicating a neutral trend. The MACD of 1.64 indicates Positive momentum. The RSI at 40.02 is Neutral, neither overbought nor oversold. The STOCH value of 12.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥364.21B | 10.37 | 7.27% | 3.06% | 3.53% | 63.85% | |
77 Outperform | ¥421.19B | 10.26 | 11.09% | 3.58% | 0.17% | 69.59% | |
72 Outperform | ¥181.89B | 19.62 | ― | 2.94% | 4.24% | -10.24% | |
62 Neutral | ¥624.17B | 21.16 | 9.38% | 1.58% | 10.34% | 64.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ¥765.12B | 11.56 | 7.58% | 3.64% | -3.47% | 348.74% | |
58 Neutral | ¥366.05B | 36.72 | 2.67% | 4.53% | 2.16% | -77.64% |
* Basic Materials Sector Average
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Shin-Etsu Polymer Co., Ltd. Corporate Events
Shin-Etsu Polymer Finalizes Terms for Director Stock Options
Sep 10, 2026
Shin-Etsu Polymer Co., Ltd. has finalized the exercise price terms for stock acquisition rights to be granted as stock options to its directors, following a board decision taken on August 26, 2026. Each stock acquisition right will require a contr...
Shin-Etsu Polymer Sets Exercise Price for Executive and Employee Stock Options
Sep 10, 2026
Shin-Etsu Polymer Co., Ltd. has finalized the exercise price for stock acquisition rights to be granted as stock options to its executive officers and employees. Each stock acquisition right will require a contribution of 232,000 yen, correspondin...
Shin-Etsu Polymer Issues New Stock Options to Align Employee Incentives With Share Performance
Aug 26, 2026
Shin-Etsu Polymer has approved the issuance of its 39th series of stock acquisition rights, totaling 3,400 units, to executive officers and employees as stock options. The scheme is designed to strengthen motivation and morale across the group, en...
Shin-Etsu Polymer Approves New Stock Options for Directors
Aug 26, 2026
Shin-Etsu Polymer Co., Ltd. is a Japan-based manufacturer listed on the Tokyo Stock Exchange Prime Market, focusing on polymer-based products and related industrial materials. The company operates in manufacturing and technology-driven sectors, wh...
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.