
Nippon Carbon Co., Ltd. (NCRBF)
ValueMarkers Composite Index
59% below intrinsic value ($0)
Nippon Carbon Co., Ltd. (NCRBF) — VMCI valuation read
Composite valuation read on NCRBF: VMCI 64/100 against a Basic Materials sector median of 50. The 14-point above-median print is the headline number for Nippon Carbon Co., Ltd., and at the mid-cap tier it reflects how the five pillars combine into a single decision-grade score.
Trailing 30-day insider activity for NCRBF: nothing material on SEC EDGAR. With the Form 4 channel quiet, the price-vs-DCF gap and the trailing margin trend carry more weight in the active read.
**Investor frame.** Value, quality, risk in three lines on NCRBF: NCRBF trades at 23.0x earnings, 28% above the Basic Materials median of 18.0x; ROIC of 17.0% sits 7.0pp above the Basic Materials median (10.0%); net debt to EBITDA of -0.3x leaves covenant headroom. EV/EBITDA at 14.0x versus 12.0x for Basic Materials closes the value frame.
NCRBF rose 2.3% over the trailing 7 days, with a -6.7% read on a 30-day basis.
Nippon Carbon Co., Ltd. engages in the manufacture and sale of carbon products in Japan. It offers carbon fiber products, including molded heat insulating materials for high temperature furnaces; CARBORON, a soft felt used in a range of heat insulators for high temperature furnaces; C/C Composite, a lightweight carbon material used in heat resistant composite structural members, high temperature furnace materials, trays, jigs, etc.; and CARBEST, a carbon fiber packing material. The company also provides specialty carbon products, such as isotropic graphite, a graphite material; high purity treatment graphite used for manufacturing device components for silicon semiconductors, compound semiconductors, and optical fibers; carbon products for mechanical components that are used in various fields of science, including electronics, machinery, and the metallurgy industry; VESCOAT, a silicon carbide coated product used for silicon semiconductor, LED, and manufacturing device components for optical fibers; and SC CARBON sliding composites. In addition, it offers artificial graphite electrodes for use in high-power electric arc furnaces; silicon carbide continuous fibers, such as Nicalon, Hi-Nicalon, and Hi-Nicalon TypeS for use as reinforcement fibers in ceramic composite materials, plastic composite materials, and others; and lithium ion secondary batteries used for cellular and smart phones, NBPC, tablet terminals, power tools, hybrid automobiles, and electric automobiles. Further, the company provides impervious graphite RESBON, a corrosion-resistant material; NICABEADS, which are surface-coated micro bead-shape materials; and NICAFILM, a flexible graphite sheet made from natural graphite. The company was incorporated in 1915 and is headquartered in Tokyo, Japan.
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