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Nissan Motor Co7201.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Discretionary›Motor Vehicles

Major Japanese automaker producing passenger cars, SUVs and EVs, part of the Renault-Nissan alliance.

≈ A global mass-market automaker like Ford/GMMomentum laggard 17
Mkt cap
$5.98B
US dollars, full cap
Free float
63%
of shares outstanding
$/day
$76.7M
20-day average traded
Fwd P/E
23.1×
forward earnings
ROIC−WACC
-3.8 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Official | Implied
BB- / BB-
agencies · bond market
Next earnings
5 days
11 Nov 2026
Close · JPY¥270
1D-7.9%
1W+1.5%
1M-6.0%
3M-17.0%
6M-24.2%
YTD-30.9%
1Y-28.6%
ATR %3.5%
52w lowhigh42.1% off high

What Nissan Motor does

Major Japanese automaker producing passenger cars, SUVs and EVs, part of the Renault-Nissan alliance.

Sells cars mainly in North America, China and Japan and finances customer purchases through its own sales-finance arm, so volumes and incentives in the US matter most. Under a restructuring plan announced in 2025 it is cutting factories and jobs, and it shares some costs with Renault and Mitsubishi in an alliance.

In one line: A global mass-market automaker like Ford/GM.

Products and services

  • Passenger vehicles
  • EVs (Leaf, Ariya)
  • Light commercial vehicles

Customers

  • Retail car buyers globally
  • Fleet customers

Where it sits in the supply chain

  • Automotive
  • Vehicle manufacturing
  • Passenger cars, SUVs, EVs

What could go right

  • EV model lineup expansion
  • Alliance cost synergies (Renault/Mitsubishi)

What could go wrong

  • Weak profitability/restructuring risk
  • China/EV competitive pressure

Moat: none (brand, scale). Global scale and brand recognition but facing intense competitive and profitability pressure.

Headquarters: Yokohama, Japan · Founded: 1933 · Employees: 120,079

Named competitors

Nissan Motor at a glance

Size Nissan Motor (7201.T) is a Japan Consumer Discretionary company (Motor Vehicles) with a market value of $5.98B, the 209th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥270 on 6 Nov 2026.

Performance Over six months the shares fell 24.2%, against -12.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue fell 0.6% over the last twelve months (peer median +11.0%); the operating margin is 1.8% (peer median 2.6%).

Valuation It trades at 23.1× forward earnings against a peer median of 15.9× (5th most expensive of 16).

Capital Return on invested capital runs 3.8 points below its cost of capital (5.0% WACC).

Credit Nissan Motor has 25 bonds outstanding ($26.6B), rated BB- by the agencies and trading like BB- at a weighted spread of 279 bp.

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 887201.T 77
Six months, rebased to 100: Nissan Motor against the median of its 20 peers (local-currency closes).

Nissan Motor financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥12.3T¥12.0T¥12.6T¥12.7T¥10.6T
Revenue growth—-5%0%+20%—
Gross profit¥1.77T¥1.49T¥1.62T¥2.00T¥1.65T
EBITDA¥863B¥687B¥768B¥1.25T¥1.07T
Net income-¥414B-¥533B-¥671B¥427B¥222B
Free cash flow-¥672B-¥839B-¥1.16T-¥667B¥87.5B
Capital expenditure¥1.59T¥1.63T¥1.91T¥1.63T¥1.13T
Total debt¥9.19T¥8.92T¥8.10T¥7.81T¥7.04T

Quarterly statements and history in the cockpit →

Nissan Motor competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-10%0%+10%6012389863IVGFSS543A603766603129601777C07ATHERENERGVFS98667261OSK000800600733PAH37202RNO0006257201.T6-month return →1-month return →
Up and to the right = strong over both horizons. Nissan Motor is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%0×100×200×9863IVGFSS543A603129601777C077261OSK000800PAH30006257201.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nissan Motor is the large dot.

Nissan Motor competitors and peer comparison

Head to head with its named competitors (7201.T vs 7203.T vs 7267.T vs F)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Nissan Motor 7201.T$5.98B-24%-1%2%23.1×n/a
Toyota Motor 7203.T$251B+10%+7%7%10.6×n/a
Honda Motor 7267.T$45.2B+45%+4%-1%11.7×18.2%
Ford Motor F$48.8B+2%-1%2%7.0×25.6%
Renault RNO.PA$9.39B+2%+6%6%4.9×3.4%

How Nissan Motor compares with its peers

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.

Nissan Motor against its 20 peers (data as of 6 Nov 2026)
Measure7201.TPeer medianRank in peer set
1-month return-6.0%+1.3%6th lowest of 21
6-month return-24.2%-12.9%9th lowest of 21
Distance from 52-week high-42.1%-30.9%8th lowest of 21
Revenue growth (TTM)-0.6%+11.0%4th lowest of 21
Operating margin1.8%2.6%10th lowest of 21
Forward P/E23.1×15.9×5th most expensive of 16
ROIC minus cost of capital-3.8 pp-2.9 pp8th lowest of 18
EV / EBITDA9.7×7.4×2nd most expensive of 9
Net debt / EBITDA8.1×1.1×most indebted of 11
Bond spread279 bpn/a—

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Nissan Motor 7201.TJapan$5.98B-24%-1%2%23.1×n/an/a
Guangzhou Automobile 601238.SSChina$6.22B-32%+5%-18%n/an/an/a
Zhejiang Leapmotor Technology 9863.HKHong Kong$6.34B-25%+71%-1%16.1×-14.5%+150.7%
Iveco IVG.MIItaly$5.55B+3%-5%3%12.7×n/an/a
Federal Signal FSSUnited States$6.92B-4%+24%17%20.1×11.8%+14.0%
ARCHION 543A.TJapan$5.11B-9%+9%5%2.4×7.4%+0.9%
Loncin Motor 603766.SSChina$4.97B+5%+2%9%15.9×-5.5%+12.7%
Zhejiang CFMoto Power 603129.SSChina$7.23B+16%+40%11%19.9×-3.9%+34.5%
Chongqing Afari Technology 601777.SSChina$4.94B-35%+17%-11%208.0×n/an/a
Jardine Cycle & Carriage C07.SISingapore$7.36B-28%-11%10%8.2×-7.8%+8.9%
Ather Energy ATHERENERG.NSIndia$7.57B+101%+63%-7%n/an/an/a
VinFast Auto VFSUnited States$7.60B-25%+74%-86%n/an/an/a
NIO 9866.HKHong Kong$7.60B-46%+70%-4%n/an/an/a
Mazda Motor 7261.TJapan$4.52B+12%+4%3%6.9×-14.8%+11.3%
Oshkosh OSKUnited States$8.19B-3%+4%7%11.2×4.7%+8.7%
FAW Jiefang 000800.SZChina$4.11B-17%+22%-1%29.5×n/an/a
BAIC BluePark New Energy Technology 600733.SSChina$4.02B-41%+54%-19%n/an/an/a
Porsche Automobil Holding SE Pref PAH3.DEGermany$8.98B-19%+13%108%33.4×9.4%+2.4%
Isuzu Motors 7202.TJapan$9.26B-1%+5%6%8.8×n/an/a
Renault RNO.PAFrance$9.39B+2%+6%6%4.9×3.4%+5.9%
Chongqing Changan Automobile 000625.SZChina$9.51B-25%-7%0%28.5×n/an/a

Nissan Motor bonds and credit

Nissan Motor has 25 bonds outstanding with $26.6B face value. The agencies rate it BB-; its bonds trade like BB-. Weighted yield 7.04%, a spread of 279 bp over government bonds.

Every bond, yield and spread in the cockpit →

Questions

Who are Nissan Motor's main competitors?
Named competitors: Toyota Motor (7203.T), Honda Motor (7267.T), Ford Motor (F), Renault (RNO.PA). The cockpit's measured peer set (industry) also includes Guangzhou Automobile (601238.SS), Zhejiang Leapmotor Technology (9863.HK), Iveco (IVG.MI), Federal Signal (FSS), ARCHION (543A.T), Loncin Motor (603766.SS).
Is Nissan Motor expensive compared with its peers?
On forward p/e it trades at 23.1× against a peer median of 15.9×, 5th most expensive of 16 in its peer set.
How has Nissan Motor stock performed?
Over six months to 6 Nov 2026 the shares returned -24.2% against -12.9% for the median peer; over one year -28.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.