Added to YB: 2025-07-18
Pitch date: 2025-07-17
4612.T [neutral]
Nippon Paint Holdings Co., Ltd.
-13.71%
current return
Author Info
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Company Info
Nippon Paint Holdings Co., Ltd. engages in the paints and fine chemicals businesses. The company offers automotive coatings, including paints for the automotive body, including surface treatment, electrodeposition coating, intermediate coating, and finish coating; paints for plastic components, such as bumpers and interior components; decorative paints for construction sites, including single-family detached homes to large facilities, including condominiums, office buildings, medical institutions, and schools; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior construction materials, office equipment, and electric home appliances.
Market Cap
JPY 2.9T
Pitch Price
JPY 1.2K
Price Target
1.5K (+44%)
Dividend
N/A
EV/EBITDA
15.68
P/E
21.39
EV/Sales
2.41
Sector
Chemicals
Category
value
Japanese Stock Ideas - Nippon Paint Holdings Co., Ltd.
4612.T (watchlist): Global paint maker, 64% decorative. NIPSEA (56% sales, 14% margin) most profitable; DuluxGroup (24%, 10%) and Japan (10%) solid; Americas lag (6%). Recent AOC acquisition at 8.2x EV/EBITDA. Trading at 17x P/E, 12.4x EV/EBITDA. 19% 5yr EPS CAGR despite stock underperformance. FCF valuation suggests ¥1,300-1,500 vs ¥1,227 current. Low ROE/ROIC and Goh family 59% control are concerns.
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