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Tokai Carbon (TKCBY)
OTHER OTC:TKCBY
US Market
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Tokai Carbon (TKCBY) AI Stock Analysis

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TKCBY

Tokai Carbon

(OTC:TKCBY)

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Neutral 62 (OpenAI - 5.2)
Rating:62Neutral
Price Target:
$48.00
▲(27.15% Upside)
Action:Reiterated
Date:08/17/26
Overall score reflects mixed fundamentals: profitability recovered in 2025 and leverage is manageable, but the 2024 earnings drawdown and uneven free-cash-flow conversion weigh on financial quality. Technicals are a clear positive with the stock above major moving averages and positive MACD, though momentum looks stretched. Valuation is only moderate given the company’s volatility, with a modest dividend yield.
Positive Factors
Diversified Industrial End Markets
Exposure to several industrial and technology markets reduces reliance on one customer group and supports recurring demand for specialized carbon and graphite products across varied operating environments.
Negative Factors
Inconsistent Revenue Growth
Recent contraction and uneven annual growth indicate limited revenue visibility, leaving results exposed to cyclical steel, automotive, and industrial demand rather than a steadily expanding base.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Industrial End Markets
Exposure to several industrial and technology markets reduces reliance on one customer group and supports recurring demand for specialized carbon and graphite products across varied operating environments.
Read all positive factors

Tokai Carbon (TKCBY) vs. SPDR S&P 500 ETF (SPY)

Tokai Carbon Business Overview & Revenue Model

Company Description
Established in Tokyo, Japan, in 1918 as Tokai Electrode Mfg. Co. Ltd., and rebranded as Tokai Carbon Co., Ltd. in 1975, the company is a prominent manufacturer and supplier of a comprehensive range of carbon-related products and services. Its offe...
How the Company Makes Money
Tokai Carbon primarily makes money by manufacturing and selling carbon and graphite materials and related products to industrial customers. Key revenue streams include: (1) Graphite electrodes: Tokai Carbon sells large graphite electrodes used by ...

Tokai Carbon Financial Statement Overview

Summary
Income statement shows a meaningful rebound in 2025 after a very weak 2024, but the prior collapse signals earnings volatility. Balance sheet leverage appears manageable (debt-to-equity ~0.68 in 2025), though debt is higher versus 2023 and ROE is only modest in normal years. Operating cash flow is consistently positive, but free cash flow is uneven and cash conversion is weak (FCF ~26% of net income in 2025), limiting overall quality.
Income Statement
62
Positive
Balance Sheet
64
Positive
Cash Flow
55
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue344.25B338.62B350.11B363.95B340.37B258.87B
Gross Profit81.24B78.48B80.64B81.49B94.05B70.73B
EBITDA59.20B61.28B-3.95B80.78B78.14B54.27B
Net Income19.08B21.05B-56.74B25.47B22.42B16.11B
Balance Sheet
Total Assets678.79B664.49B640.75B640.00B576.47B512.50B
Cash, Cash Equivalents and Short-Term Investments85.83B90.22B92.21B77.47B70.91B78.86B
Total Debt215.76B216.72B199.11B166.64B171.45B168.25B
Total Liabilities324.93B311.40B315.60B279.90B275.60B255.94B
Stockholders Equity319.35B318.58B289.56B324.49B268.82B229.21B
Cash Flow
Free Cash Flow0.0015.49B9.36B12.46B-4.01B8.54B
Operating Cash Flow0.0058.58B64.47B62.07B41.20B38.07B
Investing Cash Flow0.00-53.53B-70.78B-47.63B-49.90B-35.28B
Financing Cash Flow0.00-8.06B9.41B-14.51B-10.63B1.21B

Tokai Carbon Technical Analysis

Technical Analysis Sentiment
Positive
Last Price37.75
Price Trends
50DMA
42.37
Positive
100DMA
37.18
Positive
200DMA
31.59
Positive
Market Momentum
MACD
1.37
Negative
RSI
70.10
Negative
STOCH
92.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TKCBY, the sentiment is Positive. The current price of 37.75 is below the 20-day moving average (MA) of 42.01, below the 50-day MA of 42.37, and above the 200-day MA of 31.59, indicating a bullish trend. The MACD of 1.37 indicates Negative momentum. The RSI at 70.10 is Negative, neither overbought nor oversold. The STOCH value of 92.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TKCBY.

Tokai Carbon Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$2.31B19.119.15%2.11%2.87%534.76%
69
Neutral
$4.46B23.9312.07%2.02%-4.74%-53.83%
62
Neutral
$2.40B20.276.95%2.14%-2.72%
62
Neutral
$7.44B50.871.59%-1.88%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
56
Neutral
$2.25B-33.20-4.04%0.62%4.06%-3189.89%
50
Neutral
$352.14M-3.60-24.91%1.18%-1.02%-734.16%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TKCBY
Tokai Carbon
46.28
17.97
63.48%
CBT
Cabot
84.26
6.74
8.69%
IOSP
Innospec
93.56
10.40
12.51%
MTX
Minerals Technologies
71.72
11.36
18.81%
SSL
Sasol
11.85
5.92
99.83%
OEC
Orion SA
6.07
-4.07
-40.13%
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 17, 2026