Nitto Denko Corporation (NDEKF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Nitto Denko Corporation (NDEKF) trades at $22.50 with AI Score 47/100 (Grade C). Nitto Denko Corporation is a global materials manufacturer specializing in adhesive tapes, films, and other advanced materials. Market cap: $14.9B, Sector: Basic materials.
Price as of Aug 21, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for NDEKF: NDEKF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NDEKF against Basic Materials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
NDEKF: the 3 scored disciplines are evenly split. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Nitto Denko Corporation (NDEKF) Materials & Commodity Exposure
Nitto Denko Corporation, a Japanese materials science company, develops and manufactures adhesive tapes, surface protective films, and advanced materials for diverse sectors like electronics, automotive, and healthcare. With a global presence and a focus on innovation, Nitto Denko addresses evolving industry needs with specialized solutions.
What Is the Investment Thesis for NDEKF?
Nitto Denko presents a compelling investment case based on its diversified product portfolio, global reach, and focus on high-value-added materials. The company's strong presence in growing sectors like electronics, automotive, and healthcare provides a solid foundation for future growth. With a healthy profit margin of 13.1% and a low debt-to-equity ratio of 0.05, Nitto Denko demonstrates financial stability. Key catalysts include expanding its medical products segment and capitalizing on the increasing demand for advanced materials in electric vehicles. However, investors should be aware of potential risks related to raw material price fluctuations and global economic uncertainties. The company's ROE of 12.4% indicates efficient use of equity.
Based on FMP financials and quantitative analysis
NDEKF Key Highlights
Market capitalization of $14.9B, reflecting its significant presence in the specialty chemicals market.
- Profit margin of 13.1%, indicating efficient cost management and pricing strategies.
- Gross margin of 38.2%, showcasing the value-added nature of its products and services.
- Return on Equity (ROE) of 12.4%, demonstrating effective utilization of shareholder equity.
- Low Debt-to-Equity ratio of 0.05, indicating a conservative capital structure and financial stability.
Who Are NDEKF's Competitors?
NDEKF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DOW Dow Inc. | $32.90 | +3.62% | $24.0B | 46 |
| LIN Linde plc | $480.38 | -0.16% | $222B | 51 |
| SHW The Sherwin-Williams Company | $346.91 | -1.89% | $84.2B | 72 |
| SYIEF Symrise AG | $104.08 | +5.66% | $14.3B | 45 |
| AXTA Axalta Coating Systems Ltd. | $35.50 | -2.12% | $7.60B | 67 |
| OCLDY Orica Limited | $14.51 | -14.65% | $6.73B | 48 |
| OCINF OCI N.V. | $5.00 | +7.53% | $1.05B | 42 |
| EFLVF Electrovaya Inc. | $3.59 | +390.15% | $592M | 51 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NDEKF's Key Strengths?
Diversified product portfolio.
- Global presence and distribution network.
- Strong R&D capabilities.
- Established relationships with key customers.
What Are NDEKF's Weaknesses?
Exposure to raw material price fluctuations.
- Dependence on specific end-use industries.
- Limited brand recognition in some regions.
- Vulnerability to economic downturns.
What Could Drive NDEKF Stock Higher?
Expansion of production capacity to meet growing demand for its products.
- Development of new and innovative materials for emerging applications.
- Potential acquisitions of complementary businesses to expand its product portfolio.
- Increasing adoption of electric vehicles, driving demand for Nitto Denko's advanced materials.
- Growth in the medical device and pharmaceutical industries, creating opportunities for its medical products.
What Are the Key Risks for NDEKF?
Fluctuations in raw material prices could impact profitability.
- Economic slowdown in key markets could reduce demand for its products.
- Increased competition from low-cost manufacturers could erode market share.
- Changes in government regulations could impact its operations.
- Technological disruptions could render some of its products obsolete.
What Are the Growth Opportunities for NDEKF?
- Expansion in the Medical Products Segment: Nitto Denko has a significant opportunity to expand its presence in the medical products segment, particularly in transdermal therapeutic systems and medical adhesive tapes for wearable devices. The global market for wearable medical devices is projected to reach $29.6 billion by 2026, driven by increasing demand for remote patient monitoring and personalized healthcare. Nitto Denko's expertise in adhesive technologies and materials science positions it well to capture a significant share of this growing market.
- Growing Demand for Advanced Materials in Electric Vehicles: The increasing adoption of electric vehicles (EVs) is creating new opportunities for Nitto Denko's advanced materials. EVs require specialized materials for battery components, thermal management, and lightweighting. Nitto Denko's products, such as high-performance tapes and films, can contribute to improving the performance and efficiency of EVs. The global EV market is expected to grow at a rapid pace, creating a substantial demand for Nitto Denko's products.
- Penetration of the Flexible Printed Circuit Board (FPCB) Market: Nitto Denko can further penetrate the flexible printed circuit board (FPCB) market, driven by the increasing demand for smaller, lighter, and more flexible electronic devices. FPCBs are used in smartphones, tablets, wearable devices, and other electronic products. Nitto Denko's expertise in materials science and adhesive technologies enables it to develop high-performance FPCBs that meet the evolving needs of the electronics industry. The global FPCB market is expected to grow steadily, providing a significant opportunity for Nitto Denko.
- Leveraging Porous Films/Breathable Materials in Packaging: Nitto Denko can leverage its porous films and breathable materials to address the growing demand for high-performance packaging solutions. These materials offer excellent barrier properties, breathability, and printability, making them ideal for packaging food, pharmaceuticals, and other sensitive products. The global market for high-performance packaging is expected to grow, driven by increasing demand for extended shelf life, product protection, and sustainability. Nitto Denko's innovative materials can help meet these needs.
- Capitalizing on the Growth of the Display Market: Nitto Denko can capitalize on the growth of the display market by providing advanced materials for flat panel displays and touch panels. The demand for high-resolution, energy-efficient displays is increasing, driven by the growing popularity of smartphones, tablets, and other electronic devices. Nitto Denko's products, such as optical films and adhesive tapes, play a crucial role in enhancing the performance and durability of displays. The global display market is expected to continue to grow, creating a significant opportunity for Nitto Denko.
What Opportunities Does NDEKF Have?
- Expanding into new geographic markets.
- Developing innovative products for emerging applications.
- Acquiring complementary businesses.
- Capitalizing on the growing demand for sustainable materials.
What Are NDEKF's Competitive Advantages?
- Strong brand reputation for quality and reliability.
- Extensive product portfolio serving diverse industries.
- Technological expertise in adhesive and film technologies.
- Global manufacturing and distribution network.
- Long-standing relationships with key customers.
What Does NDEKF Do?
Nitto Denko Corporation, founded in 1918 and headquartered in Osaka, Japan, is a global manufacturer of adhesive tapes, films, and other advanced materials. Originally focused on electrical insulation materials, the company has evolved into a diversified materials science enterprise serving a wide range of industries. Nitto Denko's product portfolio includes double-sided tapes, surface protective films, sealing materials, masking tapes, membranes, and products for flat panel displays and touch panels. They also produce gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films, breathable materials, and packaging tapes. Beyond tapes and films, Nitto Denko offers functional thermal transfer systems, tapes for electrical and electronic equipment, dust removal products for clean rooms, fluoroplastic sheets and tapes, and materials for housing and construction. The company also develops and manufactures medical products, including transdermal therapeutic systems, athletic tapes, medical adhesive tapes for wearable devices and body sensors, adhesive tapes, and particles for nucleic acid synthesis. Nitto Denko serves a diverse customer base across the automotive and transportation, housing/housing equipment, infrastructure, material, home appliance and electrical, display, electronic device, medical, packaging, and consumer/personal care industries. The company operates globally, with a significant presence in Japan, the Americas, Europe, Asia, and Oceania.
What Products and Services Does NDEKF Offer?
- Manufactures and sells adhesive tapes for various industrial applications.
- Produces surface protective films to shield products from damage.
- Develops and markets sealing materials for automotive and construction industries.
- Offers masking tapes for painting and coating processes.
- Creates membranes for filtration and separation applications.
- Provides materials for flat panel displays and touch panels.
- Supplies gasket materials for sealing and vibration dampening.
- Offers medical products, including transdermal drug delivery systems.
How Does NDEKF Make Money?
- Develops and manufactures a wide range of adhesive tapes, films, and other advanced materials.
- Sells its products directly to manufacturers and distributors in various industries.
- Focuses on providing customized solutions to meet specific customer needs.
- Invests heavily in research and development to create innovative products.
What Industry Does NDEKF Operate In?
Nitto Denko operates within the specialty chemicals industry, which is characterized by innovation, customization, and high-performance products. The industry is driven by demand from various end-use sectors, including electronics, automotive, healthcare, and construction. The global specialty chemicals market is expected to grow at a steady pace, driven by increasing demand for advanced materials and sustainable solutions. Nitto Denko competes with other global materials manufacturers, focusing on differentiating itself through technological innovation, product quality, and customer service. The company's ability to adapt to changing market needs and develop new products is crucial for maintaining its competitive edge.
Who Are NDEKF's Key Customers?
- Automotive and transportation companies
- Housing and housing equipment manufacturers
- Home appliance and electrical equipment companies
- Display and electronic device manufacturers
- Medical device and pharmaceutical companies
Company Profile
Nitto Denko Corporation operates in the Chemicals - Specialty industry within the Basic Materials sector. It is headquartered in Osaka, JP. The company is led by CEO Hideo Takasaki. NDEKF has traded publicly since 2002.
Nitto Denko Corporation Financial Trajectory
Nitto Denko Corporation (NDEKF) reported $269.71B in revenue for Q2 2026, reflecting 10.8% growth compared to the prior quarter. The company recorded net income of $33.63B, with diluted EPS of $50.05. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Basic Materials. Across the four most recent quarters, NDEKF averaged $50.65 in diluted EPS.
How Nitto Denko Corporation Is Valued
Nitto Denko Corporation carries a market capitalization of $14.9B, placing it in the large-cap category. Relative to its peer group, NDEKF's quantitative score of 47/100 is roughly in line with the peer average of 56/100.
Key Financial Metrics
Return on equity for Nitto Denko Corporation stands at 12.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 9.3%, showing how much profit it generates from its asset base. NDEKF trades at a trailing price-to-earnings ratio of 16.09, below the Basic Materials sector average of ~22x. Its free cash flow yield is 4.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 3.53 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 6.2%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Nitto Denko Corporation's Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 7.44 places it in the safe zone, indicating low near-term bankruptcy risk.
Earnings Track Record
Nitto Denko Corporation has beaten Wall Street's EPS estimate in 4 of its last 8 reported quarters — more hits than misses. Reported results have landed about 2.1% below estimates on average.
Forward Outlook
Wall Street analysts project Nitto Denko Corporation revenue of about $1.04T for fiscal 2026, with EPS near $200.31. The estimate reflects 12 contributing analysts.
NDEKF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Diversified product portfolio.
- Global presence and distribution network.
- Strong R&D capabilities.
- Established relationships with key customers.
Bear Case
- Exposure to raw material price fluctuations.
- Dependence on specific end-use industries.
- Limited brand recognition in some regions.
- Vulnerability to economic downturns.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $269.71B | $33.63B | $50.05 |
| Q1 2026 | $243.50B | $27.97B | $41.54 |
| Q4 2025 | $272.86B | $36.81B | $54.59 |
| Q3 2025 | $271.20B | $38.16B | $56.41 |
Based on FMP financials and quantitative analysis
NDEKF Latest News
No recent news available for NDEKF.
NDEKF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NDEKF.
Price Targets
Wall Street price target analysis for NDEKF.
NDEKF MoonshotScore
What does this score mean?
The MoonshotScore rates NDEKF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
NDEKF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Nitto Denko Corporation (NDEKF) may not meet the minimum financial or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited or no reporting requirements, which increases the risk for investors. Unlike stocks listed on major exchanges like the NYSE or NASDAQ, OTC Other stocks often lack stringent listing standards, leading to greater potential for fraud and manipulation.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in NDEKF.
- Low trading volume and wide bid-ask spreads can lead to price volatility.
- Lack of regulatory oversight increases the potential for fraud and manipulation.
- The OTC Other tier designation indicates that NDEKF may not meet minimum listing standards.
- The company's financial health and performance may be difficult to assess due to limited information.
- Verify the company's registration and legal status.
- Attempt to obtain and review any available financial statements.
- Research the background and experience of the company's management team.
- Assess the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC Other stocks.
- Consult with a financial advisor before investing.
- Check for any regulatory actions or legal proceedings involving the company.
- The company has been in operation since 1918, suggesting a long history.
- Nitto Denko has a global presence, indicating a significant scale of operations.
- The company serves a diverse range of industries, reducing its dependence on any single sector.
- Nitto Denko has a market capitalization of $14.9B, suggesting a substantial enterprise.
- The company has a positive profit margin of 13.1%, indicating profitability.
Common Questions About NDEKF (Basic Materials)
What does the AI Score mean for NDEKF?
NDEKF holds an AI Score of 47/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Nitto Denko Corporation is a global materials manufacturer specializing in adhesive tapes, films, and other advanced materials. The company serves diverse industries, including automotive …
What does Nitto Denko Corporation do?
Nitto Denko Corporation is a global materials manufacturer that develops and produces a wide array of adhesive tapes, films, and other advanced materials. These materials are used in diverse industries, including automotive, electronics, medical, and packaging. The company's products range from double-sided tapes and surface protective films to transdermal drug delivery systems and materials for flat panel displays.
What do analysts say about NDEKF stock?
As of 2026-03-16, formal analyst ratings for Nitto Denko Corporation (NDEKF) are limited due to its OTC listing. However, considering its fundamentals, NDEKF showcases a market cap of $14.9B, a profit margin of 13.1%, and a ROE of 12.4%. These metrics suggest a financially stable company.
What are the main risks for NDEKF?
Nitto Denko Corporation faces several risks, including fluctuations in raw material prices, which can impact its profit margins. Economic slowdowns in key markets, such as automotive and electronics, could reduce demand for its products. Increased competition from low-cost manufacturers, particularly in Asia, could erode its market share. Additionally, technological disruptions in materials science could render some of its products obsolete.
What are the key factors to evaluate for NDEKF?
Nitto Denko Corporation (NDEKF) holds an AI score of 47/100 (low). P/E: 16.1x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does NDEKF data refresh on this page?
NDEKF's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven NDEKF's recent stock price performance?
Nitto Denko Corporation (NDEKF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified product portfolio. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NDEKF overvalued or undervalued right now?
Nitto Denko Corporation (NDEKF) trades at 16.1x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research NDEKF before investing?
Before investing in Nitto Denko Corporation (NDEKF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- OTC market data may be less reliable than data from major exchanges.