Nippon Chemi-Con Corporation

6997.T · Technology · Electronic Components · Valued as of 2026-11-03 · Statements 2026-03-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

-48.31M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

395.38M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

395.38M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

247.48M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

409.49M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.60×

the ratio the screener ranks by

Margin of Safety

-65.5%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: -48.31M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)287.51M USD
−②Net Debt Today335.83M USD
+③Growth Value0 USD
=Value-48.31M USD

EPV of the Operations (NOPAT over WACC)

287.51M USD

Net debt today

-335.83M USD

Growth Value

0 USD

Value

-48.31M USD

①EPV (earnings power value)

287.51M USD

②Net Debt Today

335.83M USD

③Growth Value

0 USD

Market value

Market Cap409.49M USD

The price on the date above times the shares.

Value vs market

Margin of Safety—

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 395.38M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 395.38M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap409.49M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-3.6%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 395.38M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 395.38M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap409.49M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-3.6%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 6.51%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.31×Market Risk Premium 6.00%= 12.37%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 6.84M USDPretax Income 22.07M USD= 30.99%

The tax the interest saves.

Interest Expense =EBIT 31.51M USD−Pretax Income 22.07M USD= 9.44M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 9.44M USDTotal Debt 469.16M USD×(1 − Tax Rate for WACC 30.99%)= 1.39%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 469.16M USDMarket Cap + Total Debt 409.49M USD + 469.16M USD= 53.40%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 46.60%×Cost of Equity 12.37%+Debt Weight 53.40%×Cost of Debt 1.39%= 6.51%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-03-31.

Total Assets 1.04B USD − Total Liabilities 644.10M USD = Book Value Today 395.38M USD

Total Debt 469.16M USD − Cash and Short-Term Investments 133.33M USD = Net Debt Today 335.83M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 112.8%at most 5%does not pass24,085,280 / 21,358,189
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets3.2%at least -10.0%passes(47.73M USD − 14.82M USD) ÷ 1.04B USD
Price to bookMarket Cap ÷ Book Value Today1.04×at most 3×passes409.49M USD ÷ 395.38M USD
Operating marginOperating Income ÷ Revenue2.5%above 10.0%does not pass21.10M USD ÷ 856.84M USD
Revenue growthRevenue ÷ Revenue a Year Before − 14.4%above 10.0%does not pass856.84M USD / 820.81M USD
Net cash(Cash − Total Debt) ÷ Market Cap-82.0%above -30%does not pass(133.33M USD − 469.16M USD) ÷ 409.49M USD
Operating efficiencyOperating Income ÷ Gross Profit13.8%above 25.0%does not pass21.10M USD ÷ 153.08M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

2345.34 JPY

Enterprise value

114.82B JPY

the provider's own figure

EV / EBITDA

9.37×

Price / book

1.06×

the provider's book

Price / earnings

34.06×

Return on equity

6.0%

the provider's figure, not this page's

Profit margin

2.4%

Revenue growth

23.0%

Analyst target, mean

3435.93 JPY

Analysts

4

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2023202420252026
Income statement

Revenue

1.22B996.37M820.81M856.84M

Gross profit

277.50M210.62M158.76M153.08M

Operating income

97.24M62.28M25.02M21.10M

EBITDA

operating income before depreciation and amortisation

89.13M-71.43M61.41M66.86M

Pretax income

34.03M-125.86M3.77M22.07M

Net income

17.08M-140.73M247.55K14.82M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

51.21M-15.54M4.97M7.67M

R&D

————
Balance sheet, year end

Total assets

1.22B1.14B1.09B1.04B

Total liabilities

842.15M788.63M709.42M644.10M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

377.68M350.96M375.45M391.27M

Total debt

528.65M592.08M524.42M469.16M

Cash and equivalents

196.45M299.43M159.70M133.33M

Net PP&E

fixed assets after depreciation

314.73M315.85M323.35M297.77M

Working capital

current assets less current liabilities

289.90M196.96M173.88M182.34M
Cash flow

Operating cash flow

-36.54M-85.66M-3.30M47.73M

Capital expenditure

paid out, so below zero

-51.31M-62.56M-64.88M-31.58M

Depreciation and amortisation

47.58M44.70M47.43M35.35M

Free cash flow

operating cash flow plus capital expenditure

-87.85M-148.21M-68.18M16.16M