Added to YB: 2024-01-02
Pitch date: 2024-01-02
5658.T [bullish]
Nichia Steel Works, Ltd.
+12.83%
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
Cheap Japanese Net-Nets: $5658.T
5658.T: Nichia Steel mkt cap $107M but net current assets $119M+$122M securities=$241M total; P/TBV 0.3 P/E 13 despite consistently profitable. Buybacks resumed div to 3.15% yield. Cheap net-net w/ steady growth + dividend & buyout potential from parent Nippon Steel
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