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NIKKON Holdings Co.,Ltd. (NIPKF) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of NIKKON Holdings Co.,Ltd. $11.72, price $9.41, upside +24.6%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Add to watchlist

Industrials · US

NH NIKKON Holdings Co.,Ltd. logo Broad data Sep 24, 2026

NIKKON Holdings Co.,Ltd.

NIPKF · US

UndervaluedThe stock appears undervalued with acceptable quality.

✓Fair value $11.72 · Undervalued (+24.6%)
!Quality 57/100
!Expensive Growth (revenue 5y +4.4 %/yr)
!Thin margins · 6.8% net margin (TTM)
✓Low debt · generates free cash flow
!2.8% dividend yield · Watch coverage
✓Ranks above peers (10/14)
!Narrow moat 41/100

What runs behind every stock

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

Price vs Fair Value

$17.43 $8.09 Fair Value $11.72 Jun 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

28‑month range $8.09 – $17.43 · fair‑value band $5.96 – $19.82 · the $9.41 price screens below the $11.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

NIKKON Holdings Co.,Ltd. engages in the cargo transportation businesses in Japan and internationally. The company operates through four segments: Transportation, Warehousing, Packaging, and Testing. It transports cargo and products to users, such as automobile and motorcycle finished vehicles, auto parts, housing equipment, and agricultural machinery.

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NIKKON Holdings Co.,Ltd. engages in the cargo transportation businesses in Japan and internationally. The company operates through four segments: Transportation, Warehousing, Packaging, and Testing. It transports cargo and products to users, such as automobile and motorcycle finished vehicles, auto parts, housing equipment, and agricultural machinery. The company also provides packaging processing services, including delivery agency and distribution processing of automobile parts, export packaging, and design of packaging specifications, as well as development of packaging materials, such as buckets and trolleys; and installation, assembly, accuracy, operation trying, dismantling, transportation, and integrated domestic and overseas work of machinery and equipment and production lines. In addition, it provides warehouse business, such as auto parts and precision machinery to housing equipment and food. Further, the company offers test support services for four and two-wheeler vehicles, automobile parts, general-purpose products, etc.; waste treatment and collection; customs clearance, vehicle repair, and insurance agency services; engages in the real estate sales and leasing, and brokerage management activities, office relocation and moving, system design/development, information systems, and consulting services; generates solar power; and sells electricity. The company was formerly known as Nippon Konpo Unyu Soko Co., Ltd. and changed its name to NIKKON Holdings Co.,Ltd. in October 2015. NIKKON Holdings Co.,Ltd. was incorporated in 1950 and is headquartered in Tokyo, Japan.

Stock analysis

NIKKON Holdings Co.,Ltd. (NIPKF) currently trades at $9.41, while our model-based Fair Value estimate is $11.72, implying the stock looks roughly 19.7% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of $20.56 per share, and 14 of the 21 models we run sit above the $9.41 price.

Bear case: the Economic Profit group reads lowest at $7.58, and 7 of the 21 models stay below the price. Evidence for this calculation is high.

Scenario range: $5.96 (bear) to $19.82 (bull), the price of $9.41 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 57/100 (solid quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

NIKKON Holdings Co.,Ltd. reported revenue of ¥248B in FY2025 versus ¥183B in FY2021, a compound +8.0%/yr. Reported net income was ¥16.6B in FY2025, compounding +3.3%/yr from FY2021.

Key figures

Market cap $1.1B · P/E ratio 10.3 · P/S ratio 0.69 · EPS (TTM) $0.9100 · Dividend yield 2.8% · Net margin 6.7% · Return on equity 7.5% · Return on assets (EBIT) 5.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).

What moves the price

The share trades at its 52-week high and 8% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 25%, NIPKF screens cheaper than that median.

Fair Value models

Bear $5.96 Fair Value $11.72 Bull $19.82
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
Owner Earnings n/a $0.5772 $2.26 73
5Y EBITDA Exit $9.80 $21.36 $35.14 72
ROIC Compounder $6.27 $7.58 $8.68 72
All 21 models by family
DCF Models
Owner Earnings n/a $0.5772 $2.26 73
5Y Revenue Exit $4.69 $11.72 $20.97 69
5Y EBITDA Exit $9.80 $21.36 $35.14 72
5Y P/E Exit $5.91 $14.03 $22.71 68
10Y Revenue Exit $1.11 $6.38 $13.87 60
10Y EBITDA Exit $4.46 $12.52 $23.82 64
10Y P/E Exit $2.18 $7.85 $15.09 59
Earnings-Based
Graham-Dodd $7.41 $24.02 $32.08 64
Lynch FV $5.36 $7.66 $9.95 61
PEG = 1.0 $5.36 $7.66 $9.95 57
EPV $6.27 $7.58 $8.68 71
Multiples
P/E Multiple $17.15 $22.87 $28.59 63
P/S Multiple $13.89 $18.52 $23.14 58
P/B Multiple $13.89 $18.52 $23.14 55
EV/EBIT $16.07 $22.55 $29.02 66
EV/EBITDA $21.07 $29.22 $37.36 67
EV/Revenue $10.51 $16.45 $22.39 53
Asset-Based
NCAV (Graham) $8.22 $11.01 $16.43 54
Economic Profit
Residual Income $12.44 $12.63 $13.57 71
ROIC Compounder $6.27 $7.58 $8.68 72
Growth Earnings
Growth-Adj P/E $14.39 $20.56 $26.73 67

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Quality Score breakdown

Overall quality 57/100

Of which business quality 54 · Market factors (momentum, volatility) 68

Profitability 32
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

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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. 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.5%
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.
+7.7%
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.
+4.4%
Start year 2020 (pandemic)
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.
−7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.5%
Dividend (yield on the price)2.8%
Profit margin 2020 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.11% → 9%

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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.Integrated Freight & Logistics · 219 stocks

Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 57 · Above median
Fair Value upside +24.6% · Above median
Profitability
Return on equity (TTM) 7.5% · Above median
Return on assets 3.4% · Above median
Net margin (TTM) 6.8% · Top 25%
Operating margin (TTM) 9.4% · Top 25%
Growth and dividend
Revenue growth 8.8% · Above median
Dividend yield (TTM) 2.8% · Below median
Balance sheet
Debt / equity 0.35× · Above median

Valuation Multiplesvs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 10.3× · Cheapest 25%
P/B 0.72× · Cheaper than median
P/S (TTM) 0.67× · Pricier than median
P/FCF 9.3× · Priciest 25%
EV/EBITDA 5.6× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)66 · sector 48
FUTURE (revenue growth)44 · sector 10
PAST (return on equity)30 · sector 26
HEALTH (low debt)82 · sector 91
DIVIDEND (yield)55 · sector 61

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

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Expeditors International of Washington, Inc EXPD $187.46 $116.66 −38%
S.F. Holding 002352 ¥30.54 ¥109.70 +259%
J.B. Hunt Transport Services, Inc JBHT $225.46 $133.80 −41%
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Cite: Fair Value Calculator (2026). "NIKKON Holdings Co.,Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/NIPKF

Frequently asked questions

Is NIKKON Holdings Co.,Ltd. (NIPKF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $11.72 versus a price of $9.41, about +25% upside (undervalued).
What is the fair value of NIPKF?
Our model-based fair value for NIKKON Holdings Co.,Ltd. is $11.72 (as of Sep 24, 2026), built from audited fundamentals. The current price: $9.41.
What is the quality score of NIPKF?
NIKKON Holdings Co.,Ltd. has a Quality Score of 57/100. 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 NIKKON Holdings Co.,Ltd. (NIPKF)?
Our model-based price target is the fair value of $11.72 (as of Sep 24, 2026) from 21 valuation models. Cautious scenario $5.96, optimistic scenario $19.82. It is a calculation from audited fundamentals, not an analyst target.
What is the NIKKON Holdings Co.,Ltd. stock forecast for 2026?
Our models put fair value at $11.72, about +25% upside versus a price of $9.41 (undervalued). Cautious scenario $5.96, optimistic scenario $19.82. The calculation is refreshed regularly with new filings.
What is the revenue of NIKKON Holdings Co.,Ltd. (NIPKF)?
NIKKON Holdings Co.,Ltd. reported trailing-twelve-month revenue of about ¥270B (latest available figure, as of Sep 24, 2026).
Does NIKKON Holdings Co.,Ltd. pay a dividend?
NIKKON Holdings Co.,Ltd. currently shows a dividend yield of about 2.77% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of NIKKON Holdings Co.,Ltd. (NIPKF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NIKKON Holdings Co.,Ltd. it is $11.72 per share (as of Sep 24, 2026), against a price of $9.41. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is NIKKON Holdings Co.,Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NIPKF trades below its calculated fair value: price $9.41, fair value $11.72, a gap of about +25% (undervalued). 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 NIPKF?
No. The price is what the market pays today ($9.41); the fair value is what the company's own numbers justify ($11.72). For NIKKON Holdings Co.,Ltd. the two are $2.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is NIKKON Holdings Co.,Ltd. worth?
The market values NIKKON Holdings Co.,Ltd. at about $1.1B (market capitalisation, as of Sep 24, 2026). Per share that is $9.41; our models calculate a fair value of $11.72 per share.
What do the bullish and bearish scenarios say about NIPKF?
Our models span a range for NIKKON Holdings Co.,Ltd.: cautious scenario $5.96, base $11.72, optimistic $19.82 per share (as of Sep 24, 2026, price $9.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NIPKF?
NIKKON Holdings Co.,Ltd. trades at a price-to-earnings ratio of 10.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $11.72 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.7, EV/EBITDA 5.6.
How solid is the balance sheet of NIKKON Holdings Co.,Ltd. (NIPKF)?
Balance-sheet figures for NIKKON Holdings Co.,Ltd. (as of Sep 24, 2026): return on equity 7.5%, debt of 0.35 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is NIPKF from its 52-week high?
NIKKON Holdings Co.,Ltd. trades at $9.41, at its 52-week high of $9.41 and 8% above the low of $8.71 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $11.72 is for.
Which stocks are comparable to NIKKON Holdings Co.,Ltd.?
From the same area (Industrials) we also value United Parcel Service, Inc, Deutsche Post AG, FedEx Corporation, DSV A/S, 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 NIKKON Holdings Co.,Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price $9.41, calculated fair value $11.72 (+25%), Quality Score 57/100, from 21 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 NIPKF calculated?
We run NIKKON Holdings Co.,Ltd. through 21 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 $11.72, 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 16.1 % above its aggregate fair value. NIKKON Holdings Co.,Ltd. currently trades 25 % below its own fair value, and the market average says nothing about that. 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 NIKKON Holdings Co.,Ltd. (NIPKF)?
The closing price on Sep 25, 2026 was $9.41. Our model-based fair value is $11.72, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NIKKON Holdings Co.,Ltd. right now?
The model range is unusually wide ($5.96 to $19.82). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of NIKKON Holdings Co.,Ltd.

How large is the market capitalisation of NIKKON Holdings Co.,Ltd. (NIPKF)?
The market capitalisation of NIKKON Holdings Co.,Ltd. is $1.1B. 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 NIKKON Holdings Co.,Ltd. (NIPKF)?
The price-to-sales ratio of NIKKON Holdings Co.,Ltd. is 0.69 (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 NIKKON Holdings Co.,Ltd. (NIPKF)?
Earnings per share at NIKKON Holdings Co.,Ltd. are $0.9100 (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NIKKON Holdings Co.,Ltd. (NIPKF)?
The dividend yield of NIKKON Holdings Co.,Ltd. is 2.8% (payout 28.6%). 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 NIKKON Holdings Co.,Ltd. (NIPKF)?
The net margin of NIKKON Holdings Co.,Ltd. is 6.7% (fiscal year 2025). 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 NIKKON Holdings Co.,Ltd. (NIPKF)?
The return on equity (ROE) of NIKKON Holdings Co.,Ltd. is 7.5% (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 NIKKON Holdings Co.,Ltd. (NIPKF)?
On an EBIT basis the return on assets of NIKKON Holdings Co.,Ltd. is 5.5% (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 NIKKON Holdings Co.,Ltd. (NIPKF)?
The operating margin of NIKKON Holdings Co.,Ltd. is 9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NIKKON Holdings Co.,Ltd. (NIPKF)?
Revenue at NIKKON Holdings Co.,Ltd. is growing +8.8% versus a year earlier (3y avg +7.7%). 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 NIKKON Holdings Co.,Ltd. (NIPKF)?
Earnings per share at NIKKON Holdings Co.,Ltd. are growing +49.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does NIKKON Holdings Co.,Ltd. (NIPKF) generate?
The free cash flow of NIKKON Holdings Co.,Ltd. is ¥122M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does NIKKON Holdings Co.,Ltd. (NIPKF) carry?
The net debt of NIKKON Holdings Co.,Ltd. is ¥81.6B (fiscal year 2025). 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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