Loading…
Makes spark plugs, oxygen sensors and ceramic components for cars and industrial equipment.
Makes spark plugs, oxygen sensors and ceramic components for cars and industrial equipment.
Sells spark plugs and sensors to carmakers for new vehicles and through parts distributors for replacement, where the NGK brand is known to mechanics. Because electric cars need no spark plugs, it has been shifting toward ceramic parts for chip-making equipment and packages. Renamed from NGK Spark Plug in 2023.
In one line: A smaller Federal-Mogul/BorgWarner.
Moat: narrow (brand, process know-how, installed base). Decades of OE qualification and a trusted aftermarket brand in ignition components.
Headquarters: Nagoya, Japan · Founded: 1936 · Employees: 15,698
Size Niterra (5334.T) is a Japan Consumer Discretionary company (Auto Parts: OEM) with a market value of $9.01B, the 154th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥7,658 on 6 Nov 2026.
Performance Over six months the shares gained 5.2%, against -10.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 15.7% over the last twelve months (peer median +5.5%); the operating margin is 19.2% (peer median 8.4%).
Valuation It trades at 9.9× forward earnings against a peer median of 22.2× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.9 points above its cost of capital (9.3% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥786B | ¥731B | ¥653B | ¥614B | ¥563B |
| Revenue growth | — | +12% | +6% | +9% | — |
| Gross profit | ¥298B | ¥270B | ¥249B | ¥217B | ¥191B |
| EBITDA | ¥198B | ¥191B | ¥170B | ¥147B | ¥134B |
| Net income | ¥169B | ¥113B | ¥92.6B | ¥82.6B | ¥66.3B |
| Free cash flow | ¥73.3B | ¥72.6B | ¥103B | ¥85.8B | ¥48.7B |
| Capital expenditure | ¥51.0B | ¥39.1B | ¥34.8B | ¥35.5B | ¥24.3B |
| Total debt | ¥242B | ¥256B | ¥168B | ¥191B | ¥198B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Niterra 5334.T | $9.01B | +5% | +16% | 19% | 9.9× | 4.0% |
| Denso 6902.T | $32.5B | -1% | +7% | 7% | 12.1× | 3.4% |
| Kyocera 6971.T | $23.4B | +3% | +7% | 6% | 22.5× | 21.3% |
| Ngk 5333.T | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 5334.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.2% | +2.0% | 4th lowest of 21 |
| 6-month return | +5.2% | -10.9% | 6th highest of 21 |
| Distance from 52-week high | -32.0% | -23.8% | 9th lowest of 21 |
| Revenue growth (TTM) | +15.7% | +5.5% | 5th highest of 21 |
| Operating margin | 19.2% | 8.4% | 3rd highest of 21 |
| Forward P/E | 9.9× | 22.2× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.0% | 10.1% | 7th least demanding of 17 |
| Growth delivered (Del g) | +11.3% | +7.7% | 7th highest of 17 |
| Hurdle (Req g minus delivered) | -7.4 pp | -0.3 pp | 5th least demanding of 17 |
| ROIC minus cost of capital | +2.9 pp | +1.6 pp | 8th highest of 21 |
| EV / EBITDA | 7.2× | 10.6× | 5th cheapest of 14 |
| Net debt / EBITDA | 0.0× | 1.1× | 5th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Niterra 5334.T | Japan | $9.01B | +5% | +16% | 19% | 9.9× | 4.0% | +11.3% |
| Autoliv ALV | United States | $8.89B | +2% | +4% | 10% | 11.0× | 2.6% | +7.7% |
| Allison Transmission ALSN | United States | $9.65B | -6% | +71% | 20% | 11.0× | 2.6% | +7.7% |
| Donaldson DCI | United States | $9.77B | -2% | +5% | 16% | 19.5× | 8.3% | +6.4% |
| Aisin 7259.T | Japan | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% | +7.7% |
| HELLA GmbH & Co. KGaA HLE.DE | Germany | $8.26B | -7% | -1% | 5% | 34.7× | 2.4% | +6.1% |
| UNO Minda UNOMINDA.NS | India | $8.11B | +16% | +19% | 8% | 53.6× | 46.9% | +25.0% |
| Trelleborg TREL-B.ST | Sweden | $10.1B | +19% | +2% | 19% | 22.9× | 9.6% | +2.6% |
| Huayu Automotive Systems 600741.SS | China | $7.87B | -11% | +1% | 3% | 7.9× | -15.5% | +6.6% |
| Huizhou Desay SV Automotive 002920.SZ | China | $7.12B | -23% | +12% | 7% | 17.5× | n/a | n/a |
| Ningbo Tuopu 601689.SS | China | $11.7B | -26% | +11% | 9% | 29.9× | 15.3% | +35.4% |
| Cummins India CUMMINSIND.NS | India | $11.9B | -25% | +15% | 19% | 43.5× | 39.5% | +22.7% |
| Anhui Jianghuai Automobile 600418.SS | China | $6.48B | -60% | +23% | -2% | 44.4× | n/a | n/a |
| Zhejiang Sling Intelligent Drive 301550.SZ | China | $6.34B | +14% | +7% | 19% | 230.9× | n/a | n/a |
| Wanxiang Qianchao 000559.SZ | China | $6.24B | -22% | -4% | 8% | 36.7× | 21.2% | +4.2% |
| Kuang-Chi Technologies 002625.SZ | China | $6.05B | -52% | -7% | 20% | 21.6× | n/a | n/a |
| Sona BLW Precision Forgings SONACOMS.NS | India | $5.94B | +56% | +42% | 17% | 63.7× | 48.2% | +23.6% |
| Schaeffler SHA0.DE | Germany | $5.83B | -45% | -1% | 2% | 18.4× | 10.7% | +13.3% |
| Brembo BRE.MI | Italy | $5.62B | -11% | -3% | 7% | 13.7× | 17.3% | +10.9% |
| Lear LEA | United States | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% | +6.4% |
| Bosch BOSCHLTD.NS | India | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% | +15.7% |