Nippon Carbon Co., Ltd. (NCRBF)
合理估值基本面
68
价格
$5170.00
市值
$54.15B
第一部分 · 这家公司值多少
概览
Nippon Carbon is a small Japanese manufacturer of carbon and silicon carbide materials sold to other industrial companies rather than to consumers. Its main products are artificial graphite electrodes, high-purity graphite used in making crystalline silicon, carbon fibre for aerospace and industrial use, anode material for lithium-ion batteries, and impervious graphite equipment for the chemical industry. A smaller unit leases real estate and repairs industrial machinery.
盈利方式
Revenue comes from selling tonnes or units of specialty carbon material to manufacturers who use it as an input — semiconductor and solar companies needing high-purity graphite, aerospace and industrial customers needing carbon fibre, battery makers needing anode material. Because the company is small relative to global carbon and graphite producers, volume with a handful of large industrial customers, more than broad market share, drives results from year to year.
分部营收
Graphite electrodes, high-purity graphite, carbon fibre and lithium-ion battery anode material — the large majority of revenue.
Silicon carbide materials and continuous fibres, used mainly in aerospace applications.
Real estate leasing and manufacture and repair of industrial machinery, unrelated to the carbon materials business.
需求驱动因素
周期性Demand for high-purity graphite tracks semiconductor and solar wafer production, carbon fibre demand tracks aerospace and industrial capital spending, and both slow when those end industries cut output. As a small supplier serving a handful of large customers in cyclical industries, Nippon Carbon's own volumes can move more sharply than the broader materials market.
看多理由
Buyers argue that Nippon Carbon's specialty materials sit inside growing end markets — semiconductors, batteries and aerospace — where technical qualification with a customer is not quickly replaced, giving a small supplier more staying power than its size would suggest.
看空理由
Sellers fear that a company this small, selling into cyclical semiconductor and aerospace supply chains dominated by much larger global materials producers, has little pricing power of its own and can see results swing sharply if even one large customer shifts its orders elsewhere.
Written by the editors, published on 2026年8月18日
Direct competitors
Who this company fights with for the same customers
Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users
The closest Japanese rival, selling graphite electrodes to the same electric-arc steelmakers and fine-carbon and SiC products to the same semiconductor and industrial customers.
Competes for the same high-purity and isotropic graphite orders from semiconductor, solar-silicon and specialty furnace customers.
One of the largest graphite-electrode producers in the world and also a supplier of lithium-ion battery anode materials, so it meets Nippon Carbon in both of its main markets.
A pure-play graphite-electrode maker bidding for the same electric-arc furnace steel producers in export markets outside Japan.
Sells specialty graphite, impervious graphite equipment and carbon/ceramic fibre composites to the same chemical, semiconductor and aerospace buyers.
Supplies graphite electrodes to steelmakers in Asia and Europe, competing on the same export tenders for arc-furnace consumables.
资产负债表与流动性
营收
$37.03B
截至最近已公布季度的最近12个月 — 根据每股指标估算
净利润
$3.73B
截至最近已公布季度的最近12个月 — 根据每股指标估算
自由现金流
$2.30B
股东权益合计
$53.11B
负债合计
$10.37B
流动比率
2.80
利息覆盖率
-
债务/EBITDA
1.25
每股收益
营收与净利润
自由现金流
收入构成
历史财务表
利润率变化
债务变化
债务负担有多重
增长一览表
增长 — 营业收入
公允价值估算
公允价值
$4923.44
当前价格
$5170.00
安全边际
-5.0%
公允价值区间
$3536.37 - $6310.50
所用估值方法之间的离散区间，并非经过统计校准的置信区间。
估算方法
估值指标
市盈率（P/E）
14.51
ROE
7.0%
市净率（P/B）
1.02
P/FCF
23.51
毛利率
26.1%
ROIC
6.7%
盈利能力雷达图
价值创造（经济护城河）
ROIC
6.7%
WACC
7.2%
ROIC − WACC
-0.6 pp
ROIC 与资本成本大致持平：公司仅仅覆盖了资本成本。
基本面分析标准
通过（16）
- Price CAGR 6.33%
- ROIC 6.7%
- P/FCF 23.51
- P/B Ratio 1.02
- Debt/Equity ratio
- Operating Margin 9.8%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- Revenue Growth 5Y 7.1%
- Analyst Consensus 80% Buy
- Earnings Surprise avg 68.8%
- PEG Ratio 0.66
- Earnings Quality (OCF/NI) 1.50
- Net Margin Trend 12.8% vs 10.7%
未通过（5）
- Gross Margin 26.1%
- CapEx intensity
- DCF valuation (Overvalued)
- ROE 7.2%
- Piotroski F-Score 2/9
不可用（6）
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Share Dilution (missing shares data)
Piotroski F-评分
存在严重财务隐患
盈利质量
高质量：盈利有现金流支撑
股权稀释
正在回购股份，对股东友好
机构持股
该公司暂无机构申报数据。
公司治理
管理团队
| 姓名 | 职位 | 年龄 |
|---|---|---|
| Mr. Takafumi Miyashita | CEO, President & Representative Director | 61 |
| Hiroshi Fujikawa | Executive Officer & Deputy GM of the Business Operations Division | - |
| Takeshi Kawazoe | Senior Managing Executive Officer & GM of Sales Division | - |
| Mr. Akira Urano | Senior Managing Executive Officer & Full time Board Member | 60 |
| Satoshi Yamano | Senior Managing Executive Officer | - |
第二部分 · 价格与买入时机
这一部分不判断公司是否值得拥有：它帮助你在基本面说服你之后，选择何时买入。包含：技术分析、潜力、历史回撤、Gamma 敞口。
Latest News
Recent headlines for NCRBF, sourced from Markets Gazette.