Nabtesco Corp
6268: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|!v | LOCK|?nBw | LOCK|n$><l> |
Nabtesco Earnings: We Stay Optimistic for 2025, but More Cautious on the Midterm Outlook
We maintain our fair value estimate for wide-moat Nabtesco at JPY 3,500 per share as our midterm outlook remains intact. We believe Nabtesco’s shares are undervalued as the market is overly concerned about the long-term profitability of the component solutions, or CMP, business being temporarily dragged by utilization cuts and the kickoff of the new Hamamatsu factory.
