Nissan Chemical Corporation (NNCHF) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Nissan Chemical Corporation stock $43.35, price $43.91, that is 1.3% below the price, quality 77 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range $12.49 – $43.91 · fair‑value band $31.04 – $54.21 · the $43.91 price screens above the $43.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally.
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The company provides high purity and custom chemicals; AdBlue, an urea solution; ammonia, sulfuric, and nitric acid, as well as concrete products; TEPIC, an epoxy compound; Melamine Cyanurate, a salt of melamine and iso cyanuric acid; TEPIC-VL, a liquid epoxy compound; Nissan Reishi, a health food; phenylphosphonic acid; HI-LITE, a chlorinated isocyanulate; FINEOXOCOL, a saturated fatty alcohol and acid; HARDBEADS, a spherical fine particles; STARFINE, a Triazine based adhesion; melamine polyphosphate; and NFG, a highly functional additive.
It also offers performance materials comprising display, semiconductor, and inorganic materials; agricultural chemicals, such as herbicides, insecticides, fungicides, etc. for use on agricultural land, as well as in golf courses and parks; and drug substances for antiparasite drugs for animals.
In addition, the company provides pharmaceutical products, such as LIVALO, a antihypercholesterolemic agent; LANDEL and FINTE, a long-acting calcium channel blocker; and APIs and intermediaries, as well as develops NTC-801, a pharmacological therapeutic agent for treatment of arrhythmia.
Further, it develops healthcare, information and communication, and energy materials. The company was formerly known as Nissan Chemical Industries, Ltd. and changed its name to Nissan Chemical Corporation in July 2018.
Nissan Chemical Corporation was founded in 1887 and is headquartered in Tokyo, Japan.
Stock analysis
Nissan Chemical Corporation (NNCHF) currently trades at $43.91, while our model-based Fair Value estimate is $43.35, so the stock looks roughly fairly valued today (gap 1.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $43.79 per share, and 6 of the 26 models we run sit above the $43.91 price.
Bear case: the Asset-Based group reads lowest at $5.80, and 20 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $31.04 (bear) to $54.21 (bull), the price of $43.91 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 77/100 (high quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nissan Chemical Corporation reported revenue of ¥280B in FY2026 versus ¥208B in FY2022, a compound +7.7%/yr. Reported net income was ¥49.7B in FY2026, compounding +6.4%/yr from FY2022.
Key figures
Market cap $5.9B Mid · P/E ratio 18.1 · P/S ratio 3.21 · EPS (TTM) $2.43 · Dividend yield 2.9% · Net margin 17.8% · Return on equity 21.8% · Return on assets (EBIT) 17.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 77 out of 100 (medium confidence).
What moves the price
The share trades about 11% above its previous 52-week high, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −25% fair-value upside, at −1%, NNCHF screens cheaper than that median.
Fair Value models
Bear$31.04Fair Value $43.35Bull$54.21
Price $43.91 · Downside -1.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.7065 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
Start year 2021 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+12.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.7%
Dividend (yield on the price)2.9%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 23%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +5.3% a year for the price and +3.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (31 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Solid profitability in chemicals forms the main strength while limited structural moat signals and the cyclical nature of the industry remain the main weak point.
Main risk: Greater exposure to China-specific competition and policy factors via the new local semiconductor materials plant could affect demand and margins in that segment.
Nissan Chemical has set up a wholly owned subsidiary in Zhangjiagang, China, to manufacture anti-reflective coatings and multilayer materials for semiconductors locally. The move replaces exports from Japan and Korea with production closer to customers, targeting the expanding Chinese market while limiting exposure to trade restrictions. Does this mainly strengthen access to steady demand or increase the weight of China-specific competition and policy factors in the semiconductor materials segment?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Chemicals · 340 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside−1.3% · Above median
Profitability
Return on equity (12 months)21.8% · Top 25%
Return on assets14.0% · Top 25%
Net margin (12 months)18.3% · Top 25%
Operating margin (12 months)27.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)12.8% · Below median
Dividend yield (12 months)2.9% · Above median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/E (12 months)18.1× · Cheaper than median
P/B3.64× · Priciest 25%
P/S (12 months)3.22× · Priciest 25%
Price / free cash flow (fiscal year)21.3× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Nissan Chemical Corporation Fair Value". https://www.fairvalue-calculator.com/stock/NNCHF
Frequently asked questions
Is Nissan Chemical Corporation (NNCHF) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $43.35 versus a price of $43.91, about 1% lower (fairly valued).
What is the fair value of NNCHF?
Our model-based fair value for Nissan Chemical Corporation is $43.35 (as of Nov 9, 2026), built from audited fundamentals. The current price: $43.91.
What is the quality score of NNCHF?
Nissan Chemical Corporation has a Quality Score of 77/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nissan Chemical Corporation (NNCHF)?
Our model-based price target is the fair value of $43.35 (as of Nov 9, 2026) from 26 valuation models. Cautious scenario $31.04, optimistic scenario $54.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Nissan Chemical Corporation stock forecast for 2026?
Our models put fair value at $43.35, about 1% lower versus a price of $43.91 (fairly valued). Cautious scenario $31.04, optimistic scenario $54.21. The calculation is refreshed regularly with new filings.
What is the revenue of Nissan Chemical Corporation (NNCHF)?
Nissan Chemical Corporation reported trailing-twelve-month revenue of about ¥289B (latest available figure, as of Nov 9, 2026).
Does Nissan Chemical Corporation pay a dividend?
Nissan Chemical Corporation currently shows a dividend yield of 2.91% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Nissan Chemical Corporation (NNCHF) and when is the ex-dividend date?
Nissan Chemical Corporation pays a dividend of $1.28 per share a year, a dividend yield of 2.9%. The next ex-dividend date is Mar 30, 2027. A dividend has been paid every year since at least 2014. The payout ratio is 54.2% of earnings. Free cash flow covers the dividend 1.62 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Nissan Chemical Corporation (NNCHF)?
For today's price to be fair in a discounted-cash-flow model, Nissan Chemical Corporation would have to grow free cash flow by +7.5 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.0 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of NNCHF use?
Our models discount Nissan Chemical Corporation at 8.5 %: a base by market capitalisation (mid), damped by beta 0.48, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nissan Chemical Corporation that is +7.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Nissan Chemical Corporation (NNCHF) delivered so far?
Over the past 5 years revenue at Nissan Chemical Corporation grew +6.0 % a year. The price currently implies free-cash-flow growth of +7.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nissan Chemical Corporation (NNCHF) growing?
The median revenue growth in the sector is +10.9 % a year. That is the yardstick for the growth priced into Nissan Chemical Corporation (+7.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nissan Chemical Corporation (NNCHF)?
The free-cash-flow yield on the price is 4.69 %: that much free cash flow Nissan Chemical Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nissan Chemical Corporation (NNCHF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nissan Chemical Corporation it is $43.35 per share (as of Nov 9, 2026), against a price of $43.91. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Nissan Chemical Corporation stock overvalued or undervalued in 2026?
As of Nov 9, 2026, NNCHF trades above its calculated fair value: price $43.91, fair value $43.35, a gap of about −1% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NNCHF?
No. The price is what the market pays today ($43.91); the fair value is what the company's own numbers justify ($43.35). For Nissan Chemical Corporation the two are $0.5619 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nissan Chemical Corporation worth?
The market values Nissan Chemical Corporation at about $5.9B (market capitalisation, as of Nov 9, 2026). Per share that is $43.91; our models calculate a fair value of $43.35 per share.
What do the bullish and bearish scenarios say about NNCHF?
Our models span a range for Nissan Chemical Corporation: cautious scenario $31.04, base $43.35, optimistic $54.21 per share (as of Nov 9, 2026, price $43.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NNCHF?
Nissan Chemical Corporation trades at a price-to-earnings ratio of 18.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $43.35 is built from several models across several years. Other multiples: P/B 3.6, P/S 3.2, EV/EBITDA 9.7.
How solid is the balance sheet of Nissan Chemical Corporation (NNCHF)?
Balance-sheet figures for Nissan Chemical Corporation (as of Nov 9, 2026): return on equity 21.8%, debt of 0.04 per unit of equity. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is NNCHF from its 52-week high?
Nissan Chemical Corporation trades at $43.91, about 11% above its previous 52-week high of $39.41 and 44% above the low of $30.40 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $43.35 is for.
Which stocks are comparable to Nissan Chemical Corporation?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Dow Inc, Ningxia Baofeng Energy Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nissan Chemical Corporation stock attractive at the current price?
The data as of Nov 9, 2026: price $43.91, calculated fair value $43.35 (−1%), Quality Score 77/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NNCHF calculated?
We run Nissan Chemical Corporation through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $43.35 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Nissan Chemical Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nissan Chemical Corporation (NNCHF)?
The closing price on Nov 9, 2026 was $43.91. Our model-based fair value is $43.35, about 1% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nissan Chemical Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Nissan Chemical Corporation
How large is the market capitalisation of Nissan Chemical Corporation (NNCHF)?
The market capitalisation of Nissan Chemical Corporation is $5.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nissan Chemical Corporation (NNCHF)?
The price-to-sales ratio of Nissan Chemical Corporation is 3.21 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nissan Chemical Corporation (NNCHF)?
Earnings per share at Nissan Chemical Corporation are $2.43 (price ÷ EPS = P/E 18.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nissan Chemical Corporation (NNCHF)?
The dividend yield of Nissan Chemical Corporation is 2.9% (payout 52.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Nissan Chemical Corporation (NNCHF)?
The net margin of Nissan Chemical Corporation is 17.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nissan Chemical Corporation (NNCHF)?
The return on equity (ROE) of Nissan Chemical Corporation is 21.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nissan Chemical Corporation (NNCHF)?
On an EBIT basis the return on assets of Nissan Chemical Corporation is 17.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nissan Chemical Corporation (NNCHF)?
The operating margin of Nissan Chemical Corporation is 27.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nissan Chemical Corporation (NNCHF)?
Revenue at Nissan Chemical Corporation is growing +12.8% versus a year earlier (3y avg +7.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nissan Chemical Corporation (NNCHF)?
Earnings per share at Nissan Chemical Corporation are growing +23.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nissan Chemical Corporation (NNCHF) carry?
The net debt of Nissan Chemical Corporation is ¥2.7B (fiscal year 2026, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 9, 2026