Added to YB: 2023-12-26
Pitch date: 2023-12-24
5658.T [bullish]
Nichia Steel Works, Ltd.
+13.82%
current return
Author Info
Company Info
Nichia Steel Works, Ltd. manufactures and sells iron and steel products in Japan. It offers iron wires, zinc-plated iron wires, colored galvanized iron wires, and galvanized deformed coil rebars, as well as zinc, aluminum, and magnesium alloy plated iron wires; tertiary fences and wires; and civil engineering and architectural processed and pre-mesh processed products.
Market Cap
JPY 14.4B
Pitch Price
JPY 303.11
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.18
P/E
11.72
EV/Sales
0.24
Sector
Metals and Mining
Category
value
A cheap Japanese steel company
Nippon Steel subs Sanyu & Nichia Steel r dirt cheap net-nets@0.3x p/tbv. Nichia has $122M invst secs>$110M mcap & $137M net quick assets+invst secs. Profitable 11yrs. >100% upside@$0 for PPE+land. Nippon Steel owns 24% of Nichia.
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