Nitto Denko (TSE:6988) FCF Yield % : 4.74 (As of May. 01, 2024)

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What is Nitto Denko FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Nitto Denko's Trailing 12-Month Free Cash Flow is 円87,747 Mil, and Market Cap is 円1,848,718 Mil. Therefore, Nitto Denko's FCF Yield % for today is 4.74%.

The historical rank and industry rank for Nitto Denko's FCF Yield % or its related term are showing as below:

TSE:6988' s FCF Yield % Range Over the Past 10 Years
Min: -1.23 Med: 5.3 Max: 9.57
Current: 4.74

During the past 13 years, the highest FCF Yield % of Nitto Denko was 9.57%. The lowest was -1.23%. And the median was 5.30%.

TSE:6988's FCF Yield % is ranked better than
71.96% of 1562 companies
in the Chemicals industry
Industry Median: 0.335 vs TSE:6988: 4.74

Nitto Denko's FCF Margin % for the quarter that ended in Mar. 2024 was 18.54%.

Nitto Denko FCF Yield % Historical Data

The historical data trend for Nitto Denko's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nitto Denko FCF Yield % Chart

Nitto Denko Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

FCF Yield %

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8.60

4.19

6.55

9.28

4.48

Nitto Denko Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
FCF Yield %	Get a 7-Day Free Trial															10.65	-1.37	6.15	8.10	8.37

Competitive Comparison of Nitto Denko's FCF Yield %

For the Specialty Chemicals subindustry, Nitto Denko's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nitto Denko's FCF Yield % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nitto Denko's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Nitto Denko's FCF Yield % falls into.

Nitto Denko FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Nitto Denko's FCF Yield % for the fiscal year that ended in Mar. 2024 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	87747	/	1959040.95
	=	4.48%

Nitto Denko's annualized FCF Yield % for the quarter that ended in Mar. 2024 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	41012	*	4	/	1959040.95
	=	8.37%

Nitto Denko FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Nitto Denko FCF Yield % Related Terms

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Nitto Denko (TSE:6988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitto Denko Corp (TSE:6988) » Definitions » FCF Yield %

Comparable Companies

Traded in Other Exchanges

NDEKY:USA NDEKF:USA ND5:Germany

Address

4-20, Ofuka-Cho, 33rd Floor, Grand Front Osaka, Kita-Ku, Osaka, JPN, 530-0011

Website

http://www.nitto.com

Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

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