Nippon Paint Holdings Co Ltd 4612

Morningstar Rating
¥1,172.00 −8.00 (0.68%)
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Company Report

With Global Operations, Nippon Paint Is Sensitive to Foreign Exchange Changes

We expect Nippon Paint to gain market share over the next decade. It generally has a top-three market share position, and in China, Australia, and other parts of Asia, where it has a number-one market position, it has demonstrated pricing power. We expect incremental market share gains as Nippon Paint’s brands benefit from wider distribution and innovation.

Price vs Fair Value

4612 is trading at a LOCK|#!j$X^ premium.
Price
¥1,180.00
Fair Value
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Uncertainty
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1-Star Price
LOCK|dT
5-Star Price
LOCK|G&
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

The company operates in a diverse range of geographies and end markets, shielding it from the full impact of country- or region-contained slowdowns.

Bears

Ongoing investment in research and development is required to remain competitive against larger peers, with product innovation a key differentiation in the decorative paint category.

News

Trading Information

Previous Close Price
¥1,180.00
Day Range
¥1,162.00–1,175.00
52-Week Range
¥949.60–1,282.50
Bid/Ask
¥1,171.50 / ¥1,172.50
Shares Outstanding
2.32B
Market Cap
¥2.72T
Volume/Avg
923,900 / 4M

Key Statistics

Price/Earnings (Normalized)
13.91
Price/Sales
1.52
Dividend Yield (Trailing)
1.36%
Dividend Yield (Forward)
1.36%
Dividend Payment Schedule
Mar, Sep
Total Yield
2.30%

Company Profile

Nippon Paint is a global paint company with operations in over 50 countries. About two-thirds of sales are in decorative paint, serving mostly residential and some commercial customers. It has the dominant share of the paint markets in China and some smaller Asian countries, as well as Australia. In other regions, it's often one of the three largest players. Its products are distributed via paint and home improvement retailers, with some 300,000 distributors globally. Household brands include Nipsea, Nippon Paint, Dulux (in Asia, the Pacific, and Europe), British Paints, Betek Boya, and Alina, among others. About one-fourth of sales are in industrial coatings and paints. Here, customer groups include manufacturers of automotive and industrial products.
Sector
Basic Materials
Industry
Specialty Chemicals
Stock Style Box
Large Core
Total Number of Employees
48,009

Competitors

Valuation

Metric
4612
PPG
AKZA
Price/Earnings (Normalized)
13.9113.5916.77
Price/Book Value
1.372.761.96
Price/Sales
1.521.430.96
Price/Cash Flow
9.6311.1519.60
Price/Earnings
4612
PPG
AKZA

Financial Strength

Metric
4612
PPG
AKZA
Quick Ratio
1.711.051.48
Current Ratio
2.151.581.88
Interest Coverage
9.558.407.18
Quick Ratio
4612
PPG
AKZA

Profitability

Metric
4612
PPG
AKZA
Return on Assets (Normalized)
3.69%7.80%4.10%
Return on Equity (Normalized)
8.31%21.74%13.42%
Return on Invested Capital (Normalized)
4.85%11.42%6.82%
Return on Assets
4612
PPG
AKZA

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