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NGK Spark Plug Co Ltd (NGKSY)
OTHER OTC:NGKSY
US Market
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NGK Spark Plug Co (NGKSY) AI Stock Analysis

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NGKSY

NGK Spark Plug Co

(OTC:NGKSY)

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Outperform 74 (OpenAI - Gpt-5.6Sol)
Rating:74Outperform
Price Target:
$26.00
â–¼(-2.22% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong profitability and manageable leverage, partially offset by weaker cash-flow conversion versus earnings. Valuation is supportive with a low P/E and a moderate dividend yield. Technicals are mixed: the stock is above key moving averages, but negative MACD and very high stochastics point to potentially stretched near-term momentum.
Positive Factors
Strong profitability
High gross, operating, and net margins indicate that Niterra converts sales into substantial profit across its engineered automotive and industrial components. This profitability provides internal resources for investment, supports resilience through normal industry cycles, and strengthens the durability of its earnings base.
Negative Factors
Weak cash conversion
Reported earnings are not converting into cash at the same strength as accounting profits, which can reflect working-capital swings or other timing effects. Persistently weaker conversion would reduce internally generated funding, limit capital-allocation flexibility, and lower the quality and durability of earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
High gross, operating, and net margins indicate that Niterra converts sales into substantial profit across its engineered automotive and industrial components. This profitability provides internal resources for investment, supports resilience through normal industry cycles, and strengthens the durability of its earnings base.
Read all positive factors

NGK Spark Plug Co (NGKSY) vs. SPDR S&P 500 ETF (SPY)

NGK Spark Plug Co Business Overview & Revenue Model

Company Description
Niterra Co., Ltd., together with its subsidiaries, manufactures and sells spark plugs and related products for internal-combustion engines and technical ceramics in Japan and internationally. The company offers spark plugs, including plugs for aft...
How the Company Makes Money
NGK Spark Plug Co. (Niterra) generates revenue mainly by manufacturing and selling engineered components used in vehicles and industrial equipment. A core revenue stream is ignition-related products (notably spark plugs and associated ignition com...

NGK Spark Plug Co Financial Statement Overview

Summary
Strong and improving profitability (TTM gross margin ~38.1%, net margin ~24.3%; EBIT margin ~23.0%) and solid TTM revenue growth (~4.9%) support a high score. Balance sheet leverage is moderate (TTM debt-to-equity ~0.29) with strong ROE (~24.2%). The main drag is weaker cash conversion (TTM operating cash flow ~0.49x net income; FCF ~61% of net income), which raises quality-of-earnings risk despite strong reported margins.
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
66
Positive
BreakdownTTMMar 2026Mar 2026Mar 2025Mar 2024Mar 2023
Income Statement
Total Revenue777.75B775.30B652.99B614.49B562.56B491.73B
Gross Profit295.99B297.80B258.10B226.19B197.82B156.17B
EBITDA205.75B196.64B180.14B145.40B127.26B104.22B
Net Income189.00B119.70B92.63B82.65B66.29B60.20B
Balance Sheet
Total Assets1.32T1.23T990.97B975.72B903.10B823.18B
Cash, Cash Equivalents and Short-Term Investments210.65B237.00B233.46B207.92B219.79B188.34B
Total Debt240.79B243.51B156.68B178.11B186.42B154.74B
Total Liabilities475.10B451.79B316.24B337.42B339.36B305.19B
Stockholders Equity840.90B770.75B674.57B637.68B563.67B514.32B
Cash Flow
Free Cash Flow68.19B77.00B98.14B82.72B44.98B44.07B
Operating Cash Flow111.90B115.98B132.92B118.18B69.31B71.91B
Investing Cash Flow15.45B-175.51B-34.25B-92.16B-37.38B10.23B
Financing Cash Flow-148.99B30.34B-71.00B-57.45B-1.77B-53.83B

NGK Spark Plug Co Technical Analysis

Technical Analysis Sentiment
Negative
Last Price26.59
Price Trends
50DMA
29.15
Negative
100DMA
29.57
Negative
200DMA
26.25
Negative
Market Momentum
MACD
-1.52
Positive
RSI
22.86
Positive
STOCH
1.91
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NGKSY, the sentiment is Negative. The current price of 26.59 is below the 20-day moving average (MA) of 26.96, below the 50-day MA of 29.15, and above the 200-day MA of 26.25, indicating a bearish trend. The MACD of -1.52 indicates Positive momentum. The RSI at 22.86 is Positive, neither overbought nor oversold. The STOCH value of 1.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NGKSY.

NGK Spark Plug Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$9.36B7.6124.18%2.88%12.59%102.56%
67
Neutral
$6.31B12.1510.90%2.35%3.55%25.67%
66
Neutral
$10.53B20.0227.88%0.90%37.56%-28.71%
65
Neutral
$13.38B33.007.37%1.02%2.17%111.19%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
55
Neutral
$3.30B-19.43-13.31%1.48%-15.78%-355.78%
53
Neutral
$5.98B13.397.09%4.98%-2.55%-33.32%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NGKSY
NGK Spark Plug Co
23.47
4.37
22.88%
ALSN
Allison Transmission Holdings
126.94
39.46
45.10%
BWA
BorgWarner
66.65
23.47
54.35%
DAN
Dana Incorporated
31.08
10.37
50.10%
LEA
Lear
130.82
27.79
26.98%
LKQ
LKQ
24.11
-6.82
-22.05%
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.Date of analysis: Aug 06, 2026