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Employees: 4,068
Size Kyoei Steel (5440.T) is a Japan Materials company (Steel) with a market value of $455M, the 1125th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,651 on 6 Nov 2026.
Performance Over six months the shares fell 13.1%, against -14.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median 0.0%); the operating margin is 4.1% (peer median 3.8%).
Valuation It trades at 8.8× forward earnings against a peer median of 11.0× (2nd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.4 points below its cost of capital (5.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥338B | ¥315B | ¥323B | ¥321B | ¥356B |
| Revenue growth | — | -2% | +1% | -10% | — |
| Gross profit | ¥37.4B | ¥39.3B | ¥37.7B | ¥41.3B | ¥33.6B |
| EBITDA | ¥22.4B | ¥25.0B | ¥24.1B | ¥31.0B | ¥24.7B |
| Net income | ¥7.69B | ¥9.86B | ¥10.8B | ¥13.8B | ¥13.1B |
| Free cash flow | n/a | ¥6.79B | ¥25.9B | ¥13.9B | ¥12.7B |
| Capital expenditure | n/a | ¥18.4B | ¥13.8B | ¥10.8B | ¥7.12B |
| Total debt | ¥96.1B | ¥95.9B | ¥84.9B | ¥94.0B | ¥101B |
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.
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 | 5440.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.4% | -7.7% | 6th lowest of 21 |
| 6-month return | -13.1% | -14.1% | 11th highest of 21 |
| Distance from 52-week high | -38.8% | -29.7% | 10th lowest of 21 |
| Revenue growth (TTM) | +6.8% | 0.0% | 7th highest of 21 |
| Operating margin | 4.1% | 3.8% | 11th highest of 21 |
| Forward P/E | 8.8× | 11.0× | 2nd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -7.0% | 10.4% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +6.8% | +6.9% | 7th highest of 13 |
| Hurdle (Req g minus delivered) | -13.9 pp | +0.8 pp | 3rd least demanding of 13 |
| ROIC minus cost of capital | -1.4 pp | -3.9 pp | 8th highest of 21 |
| EV / EBITDA | 5.3× | 10.3× | cheapest of 13 |
| Net debt / EBITDA | 1.7× | 1.2× | 7th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kyoei Steel 5440.T | Japan | $455M | -13% | +7% | 4% | 8.8× | -7.0% | +6.8% |
| Shanxi Antai 600408.SS | China | $456M | -8% | -5% | -3% | n/a | 28.8% | -10.7% |
| Ferrexpo FXPO.L | United Kingdom | $453M | -55% | -39% | -1% | n/a | n/a | n/a |
| Electrosteel Castings ELECTCAST.NS | India | $450M | -25% | -16% | 2% | 26.5× | 12.6% | +11.3% |
| Chun Yuan Steel Industry 2010.TW | Taiwan | $445M | -8% | +2% | 8% | n/a | -11.7% | +4.7% |
| Guangdong Sanhe Pile 003037.SZ | China | $466M | -28% | -9% | 1% | n/a | n/a | n/a |
| Topy Industries 7231.T | Japan | $440M | +1% | +2% | 2% | 9.0× | 6.0% | +5.8% |
| Liaoning Fu-An Heavy Industry 603315.SS | China | $439M | -46% | -4% | 3% | n/a | 31.1% | +7.5% |
| SK oceanplant 100090.KS | South Korea | $430M | -62% | -5% | 8% | 15.7× | n/a | n/a |
| Hsin Kuang Steel 2031.TW | Taiwan | $418M | +6% | -3% | 8% | 10.6× | 1.3% | +11.3% |
| Zhejiang Huada New Materials 605158.SS | China | $496M | -17% | +22% | 0% | n/a | 0.1% | +2.8% |
| Shengtak New Material 300881.SZ | China | $416M | -50% | +9% | 4% | 20.8× | n/a | n/a |
| Osaka Steel 5449.T | Japan | $416M | -11% | -17% | -2% | n/a | n/a | n/a |
| Surya Roshni SURYAROSNI.NS | India | $500M | -20% | +12% | 5% | 11.0× | 20.2% | +6.3% |
| China Oriental 0581.HK | Hong Kong | $413M | -31% | 0% | 2% | 9.2× | n/a | n/a |
| Nippon Yakin Kogyo 5480.T | Japan | $504M | +17% | +1% | 9% | 8.8× | -1.0% | +6.0% |
| Sambhv Steel Tubes SAMBHV.NS | India | $510M | +27% | +42% | 10% | 24.2× | n/a | n/a |
| Zhejiang Tiantai Xianghe Industrial 603500.SS | China | $515M | -3% | +22% | 20% | n/a | 8.2% | +25.0% |
| Bansal Wire Industries BANSALWIRE.NS | India | $517M | +3% | +20% | 6% | 25.4× | 31.6% | +23.0% |
| Xinjiang Ba Yi Iron & Steel 600581.SS | China | $526M | -19% | 0% | -8% | 5.9× | n/a | n/a |
| Kalyani Steels KSL.NS | India | $392M | -5% | -5% | 17% | n/a | 19.1% | +9.4% |