Nitto Denko Corp’s share price is 円3451. Its GF Value is 円2976.76. Based on the relationship between the current stock price and the GF Value, GuruFocus believes Nitto Denko Corp stock is .
The GF Value represents the current intrinsic value of a stock derived from our proprietary algorithm. It is based primarily on the historical multiples of where the stocks have been traded and the future growth of the business, adjusted for the past returns and growth. The GF Value has been verified by backtesting and daily updated model portfolios.
In addition to considering the current valuation, the growth potential of a company's value is equally important. Companies with faster growth rates tend to increase their value more quickly. Therefore, it's essential to look at the Price-to-Future GF Value ratios as well. The results are shown below:
| Price: 円3451 | GF Value | Price/GF Value | ||
|---|---|---|---|---|
| Current | 円2976.76 | 1.16 | ||
| Next FY1 End | 円3058.28 | 1.13 | ||
| Next 12 Month | 円3098.83 | 1.11 | ||
| Next FY2 End | 円3179.92 | 1.09 |
GuruFocus performed a correlation analysis comparing Nitto Denko Corp's stock price with key financial metrics: revenue per share, book value per share, EPS without NRI, and operating cash flow per share.
The analysis reveals the strongest correlation between Nitto Denko Corp's stock price and Book Value per share, with a coefficient of 89%. This is followed by a 86% correlation with Revenue per share and a 77% correlation with Operating Cash Flow per share. The weakest correlation is observed with Operating Cash Flow per share, at 71%.
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