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Nissha Co (6X8) fair value: what the stock is really worth

As of Oct 26, 2026: fair value (intrinsic value) of Nissha Co stock €4.14, price €6.27, upside -34.0%, quality 52 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Technology · DE · Home Japan · ISIN JP3713200008

NC Nissha Co logo Broad data Oct 27, 2026

Nissha Co

6X8 · F

Overvalued / MonitorQuality is not strong enough to offset the price risk.

Our calculation puts a fair price 34% below what the stock costs today.

Low debt
Generates free cash flow
Broad data
Quality 52/100
Thin margins · 0.7% net margin (TTM)
Fair value €4.14 · Overvalued (−34.0%)
Weak Growth (revenue 3y +0.2 %/yr in JPY)
4.5% dividend yield · Pays more than it earns
Trails peers (5/14)
Narrow moat 22/100
Price via web search⚠ Thinly traded

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€12.57 €5.87 Fair Value €4.14 Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 27, 2026.

How to read this chart

60‑month range €5.87 – €12.57 · fair‑value band €3.56 – €4.48 · the €6.27 price screens above the €4.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 27, 2026.

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Company profile

Nissha Co., Ltd. engages in industrial materials, devices, medical technologies, information and communication, and pharmaceutical and cosmetics businesses in Japan and internationally.

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The company offers decorative film-molded parts, such as in-mold decoration technology and electronics, transfer foil, molding, CMF design sample book products, commercial printing; and sustainable materials, including metallized paper and board, and sustainable molded products.

It is involved in the provision of touch, force, and gas sensors; the design and manufacture of medical technologies; development and manufacture of pharmaceuticals and quasi-drugs; design, development and manufacturing service of products such as surgical instruments for minimally invasive treatments and medical wearable sensors; and manufacturing and distributing patient monitoring and medical surgical devices.

In addition, the company offers publication, high-definition digital archive photography, and fabric printing products and services; contract development and manufacturing film types of pharmaceuticals, such as oral thin films and transdermal patches; development and manufacturing of over-the-counter (OTC) and prescription drugs under contract manufacturing (CDMO); and dissolving microneedle patches; as well as produces and sells business media, including industrial recording materials and ticket/card materials.

It serves mobility, mobile devices, home appliance, medical, food and consumer goods, cosmetics, and industrial equipment markets. The company was formerly known as Nissha Printing Co., Ltd. and changed its name to Nissha Co., Ltd. in 2017.

Nissha Co., Ltd. was founded in 1929 and is headquartered in Kyoto, Japan.

Stock analysis

Nissha Co (6X8) currently trades at €6.27, while our model-based Fair Value estimate is €4.14, 34.0% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of €4.80 per share, and 7 of the 23 models we run sit above the €6.27 price.

Bear case: the Earnings-Based group reads lowest at €1.30, and 16 of the 23 models stay below the price. Data coverage for this calculation is high.

Scenario range: €3.56 (bear) to €4.48 (bull), the price of €6.27 sits above 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 52/100 (solid quality), in the Technology sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Nissha Co reported revenue of ¥195B in FY2025 versus ¥189B in FY2021, a compound +0.7%/yr. Reported net income was ¥1.0B in FY2025, compounding −49.9%/yr from FY2021.

Key figures

Market cap €297M Small · P/E ratio 52.3 · EPS (TTM) €0.1200 · Dividend yield 4.5% · Net margin 0.7% · Return on equity 1.4% · Return on assets (EBIT) 3.0% · Operating margin 1.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).

What moves the price

The share trades about 29% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −44% fair-value upside, at −34%, 6X8 screens cheaper than that median.

Fair Value models

Bear €3.56 Fair Value €4.14 Bull €4.48
Price €6.27 · Upside -34.0%
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. 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.
Best data coverage
FCF DCF €3.50 €4.10 €5.22 78
Growth DCF €3.56 €4.14 €5.13 76
Owner Earnings €7.61 €9.36 €12.65 74
All 23 models by family
DCF Models
FCF DCF €3.50 €4.10 €5.22 78
Owner Earnings €7.61 €9.36 €12.65 74
5Y Revenue Exit €4.11 €5.45 €7.47 69
5Y EBITDA Exit €10.87 €16.92 €25.16 71
5Y P/E Exit €3.51 €4.43 €5.58 68
10Y Revenue Exit €3.75 €4.80 €6.00 64
10Y EBITDA Exit €7.68 €11.78 €16.50 65
10Y P/E Exit €3.48 €4.18 €4.88 62
Earnings-Based
Graham-Dodd €0.8200 €1.30 €1.56 64
EPV €3.83 €4.18 €4.48 70
Dividend Discount
Gordon GGM €1.65 €1.92 €2.21 67
DDM Multi-Stage €1.65 €2.09 €2.59 65
Multiples
P/E Multiple €2.52 €3.36 €4.20 63
P/S Multiple €1.53 €2.04 €2.55 57
P/B Multiple €31.74 €42.32 €52.90 55
EV/EBIT €4.85 €7.14 €9.43 64
EV/EBITDA €15.27 €21.03 €26.79 67
EV/Revenue €1.45 €2.94 €4.43 50
Asset-Based
NCAV (Graham) €1.45 €2.20 €2.74 54
Growth DCF
Growth DCF €3.56 €4.14 €5.13 76
Economic Profit
Residual Income €9.01 €8.35 €7.92 73
ROIC Compounder €3.83 €4.18 €4.48 68
Growth Earnings
Growth-Adj P/E €1.76 €2.52 €3.27 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 52/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 28
How much profit the company makes from its sales and capital
Quality Growth 39
Are margins and returns getting better?
Cashflow 37
Do the profits arrive as real cash?
Financial strength 45
Debt, balance sheet and risk of trouble
Investment 90
Does it invest with discipline instead of growing at any price?
Low Volatility 74
How calm the share price moves, does not count
Momentum 26
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 14
Distance to the 52-week high, does not count
New shares 94
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−0.4%
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.
+0.2%
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.
−37.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−41.9%
Dividend (yield on the price)4.5%
Profit margin 2021 to 2025 ⓘ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.9% → 2%

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+29.4%
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.
+2.9%
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 +26.7% a year for the price and +0.8% for the forecasts.
Forecast 2026 (sales)+0.8%
Forecast 2027 (sales)+3.7%
Projected 2028 (sales)+3.5%
Projected 2029 (sales)+3.3%
Projected 2030 (sales)+3.1%

6X8 screens overvalued: fair value 34% below the price. Compare with Amphenol Corporation →

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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.Electronic Components · 647 stocks

Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside −34.0% · Above median
Profitability
Return on equity (12 months) 1.4% · Below median
Return on assets 0.6% · Below median
Net margin (12 months) 1.0% · Below median
Operating margin (12 months) 1.9% · Below median
Growth and dividend
Revenue growth (quarter YoY) −3.5% · Bottom 25%
Dividend yield (12 months) 4.5% · Top 25%
Balance sheet
Debt / equity 0.21× · Above median

Valuation Multiplesvs Electronic Components median · lower = cheaper

P/E (12 months) 52.3× · Pricier than median
P/B 0.45× · Cheapest 25%
P/S (12 months) 0.37× · Cheapest 25%
Price / free cash flow 53.0× · Priciest 25%
EV/EBITDA 3.4× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 64
PAST (return on equity)6 · sector 27
HEALTH (low debt)90 · sector 95
DIVIDEND (yield)91 · sector 25

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Amphenol Corporation APH $73.07 $80.38 +10% vs 6X8
Yageo Corporation 2327 523.00 TWD 527.72 TWD +1% vs 6X8
Asia Vital Components Co 3017 3,235 TWD 2,737 TWD −15% vs 6X8
TE Connectivity plc TEL $214.09 $143.13 −33% vs 6X8
Shengyi Technology Co 600183 ¥118.99 ¥66.42 −44% vs 6X8
Celestica Inc CLS $260.01 $109.91 −58% vs 6X8
Luxshare Precision Industry Co 002475 ¥47.98 ¥18.44 −62% vs 6X8
Delta Electronics, Inc 2308 1,605 TWD 519.57 TWD −68% vs 6X8
Corning Incorporated GLW $123.99 $33.79 −73% vs 6X8
Samsung Electro-Mechanics Co 009150 1,168,000 KRW 171,572 KRW −85% vs 6X8

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Cite: Fair Value Calculator (2026). "Nissha Co Fair Value". https://www.fairvalue-calculator.com/stock/6X8

Frequently asked questions

Is Nissha Co (6X8) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €4.14 versus a price of €6.27, about −34% upside (overvalued).
What is the fair value of 6X8?
Our model-based fair value for Nissha Co is €4.14 (as of Oct 27, 2026), built from audited fundamentals. The current price: €6.27.
What is the quality score of 6X8?
Nissha Co has a Quality Score of 52/100. 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 Nissha Co (6X8)?
Our model-based price target is the fair value of €4.14 (as of Oct 27, 2026) from 23 valuation models. Cautious scenario €3.56, optimistic scenario €4.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Nissha Co stock forecast for 2026?
Our models put fair value at €4.14, about −34% upside versus a price of €6.27 (overvalued). Cautious scenario €3.56, optimistic scenario €4.48. The calculation is refreshed regularly with new filings.
What is the revenue of Nissha Co (6X8)?
Nissha Co reported trailing-twelve-month revenue of about ¥193B (latest available figure, as of Oct 27, 2026).
Does Nissha Co pay a dividend?
Nissha Co currently shows a dividend yield of 4.53% relative to its recent price (as of Oct 27, 2026).
What growth is priced into Nissha Co (6X8)?
For today's price to be fair in a discounted-cash-flow model, Nissha Co would have to grow free cash flow by +29.4 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +0.7 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of 6X8 use?
Our models discount Nissha Co at 9.8 %: a base by market capitalisation (small), damped by beta 0.57, country premium for Germany. 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 Nissha Co that is +29.4 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Nissha Co (6X8) delivered so far?
Over the past 4 years revenue at Nissha Co grew +0.7 % a year. The price currently implies +29.4 % per year free-cash-flow growth a 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 Nissha Co (6X8) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Nissha Co (+29.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nissha Co (6X8)?
The free-cash-flow yield on the price is 2.59 %: that much free cash flow Nissha Co produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nissha Co (6X8)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nissha Co it is €4.14 per share (as of Oct 27, 2026), against a price of €6.27. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Nissha Co stock overvalued or undervalued in 2026?
As of Oct 27, 2026, 6X8 trades above its calculated fair value: price €6.27, fair value €4.14, a gap of about −34% (overvalued). 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 6X8?
No. The price is what the market pays today (€6.27); the fair value is what the company's own numbers justify (€4.14). For Nissha Co the two are €2.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nissha Co worth?
The market values Nissha Co at about €297M (market capitalisation, as of Oct 27, 2026). Per share that is €6.27; our models calculate a fair value of €4.14 per share.
What do the bullish and bearish scenarios say about 6X8?
Our models span a range for Nissha Co: cautious scenario €3.56, base €4.14, optimistic €4.48 per share (as of Oct 27, 2026, price €6.27). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6X8?
Nissha Co trades at a price-to-earnings ratio of 52.3 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €4.14 is built from several models across several years. Other multiples: P/B 0.5, P/S 0.4, EV/EBITDA 3.4.
How solid is the balance sheet of Nissha Co (6X8)?
Balance-sheet figures for Nissha Co (as of Oct 27, 2026): return on equity 1.4%, debt of 0.21 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 6X8 from its 52-week high?
Nissha Co trades at €6.27, about 29% below its 52-week high of €8.79 and 7% above the low of €5.85 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €4.14 is for.
Which stocks are comparable to Nissha Co?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Samsung Electro-Mechanics Co, 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 Nissha Co stock attractive at the current price?
The data as of Oct 27, 2026: price €6.27, calculated fair value €4.14 (−34%), Quality Score 52/100, from 23 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 6X8 calculated?
We run Nissha Co through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €4.14, 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 12.7 % above its aggregate fair value. Nissha Co 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 Nissha Co (6X8)?
The closing price on Oct 26, 2026 was €6.27. Our model-based fair value is €4.14, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nissha Co right now?
The price sits above even our optimistic bull case (€4.48). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Nissha Co

How large is the market capitalisation of Nissha Co (6X8)?
The market capitalisation of Nissha Co is €297M. 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 are the earnings per share of Nissha Co (6X8)?
Earnings per share at Nissha Co are €0.1200 (price ÷ EPS = P/E 52.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nissha Co (6X8)?
The dividend yield of Nissha Co is 4.5%. 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 Nissha Co (6X8)?
The net margin of Nissha Co is 0.7% (last twelve months). 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 Nissha Co (6X8)?
The return on equity (ROE) of Nissha Co is 1.4% (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 Nissha Co (6X8)?
On an EBIT basis the return on assets of Nissha Co is 3.0% (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 Nissha Co (6X8)?
The operating margin of Nissha Co is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nissha Co (6X8)?
Revenue at Nissha Co is growing −3.5% versus a year earlier (3y avg +0.2%). 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 Nissha Co (6X8)?
Earnings per share at Nissha Co are growing +387% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nissha Co (6X8) carry?
The net debt of Nissha Co is ¥23.3B (fiscal year 2025, ≈ 17.1 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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