Nikkiso Co (NKO) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Nikkiso Co €16.07, price €19.40, upside -17.2%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
In Frankfurt, only 3 of the last 21 trading days (30 days) had any turnover. On the other days the price is an indicative quote without trading, so we do not list this stock in the radar. It stays reachable through search.
NCBroad dataSep 30, 2026
Nikkiso Co
NKO · F
Overvalued / MonitorQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 30, 2026.
How to read this chart
60‑month range €4.67 – €23.46 · fair‑value band €9.31 – €24.17 · the €19.40 price screens above the €16.07 fair value. Dashed = 300-day average. As of Sep 30, 2026.
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Nikkiso Co., Ltd. engages in industrial, aerospace, and medical businesses worldwide.
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Nikkiso Co., Ltd. engages in industrial, aerospace, and medical businesses worldwide. The company provides pumps and systems, such as canned motor, reciprocating, and cryogenic submerged motor pumps; cryogenic pumps and systems; metering and mixing and odorizing systems; cryogenic heat transfer devices; and cryogenic process plant; precision equipment, including water-conditioning systems for power plants; ceramic substrate production systems; 3D sintering equipment; cold isostatic press; and dryers. It also produces and supplies various parts and components for jet engine, nacelle, and the wings for aircraft using carbon fiber reinforced plastic; and provides hemodialysis equipment. The company was formerly known as Nippon Kikai Keiso Kaisha Ltd. and changed its name to Nikkiso Co., Ltd. in November 1968. The company was incorporated in 1950 and is headquartered in Tokyo, Japan.
Stock analysis
Nikkiso Co (NKO) currently trades at €19.40, while our model-based Fair Value estimate is €16.07, 17.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €21.34 per share, and 9 of the 26 models we run sit above the €19.40 price.
Bear case: the Dividend Discount group reads lowest at €2.21, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: €9.31 (bear) to €24.17 (bull), the price of €19.40 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 56/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nikkiso Co reported revenue of ¥216B in FY2025 versus ¥168B in FY2021, a compound +6.5%/yr. Reported net income was ¥13.7B in FY2025, compounding +180.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €1.3B · P/E ratio 13.6 · P/S ratio 0.86 · EPS (TTM) €1.43 · Dividend yield 1.7% · Net margin 6.3% · Return on equity 10.9% · Return on assets (EBIT) 4.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 152% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −17%, NKO screens cheaper than that median.
Fair Value models
Bear €9.31Fair Value €16.07Bull €24.17
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.
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.68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.1%
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.
+6.8%
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years), in JPY (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−4.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.2%
Dividend (yield on the price)1.7%
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.2% → 7%
2025 sits 53% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+13.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +11.1% a year for the price.
Price, fair value, quality and upside side by side.
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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.Specialty Industrial Machinery · 789 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−18.0% · Above median
Profitability
Return on equity (TTM)10.9% · Above median
Return on assets3.3% · Above median
Net margin (TTM)7.3% · Above median
Operating margin (TTM)8.5% · Above median
Growth and dividend
Revenue growth21.2% · Top 25%
Dividend yield (TTM)1.7% · Above median
Balance sheet
Debt / equity0.47× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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). "Nikkiso Co Fair Value". https://www.fairvalue-calculator.com/stock/NKO
Frequently asked questions
Is Nikkiso Co (NKO) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of €16.07 versus a price of €19.40, about −17% upside (overvalued).
What is the fair value of NKO?
Our model-based fair value for Nikkiso Co is €16.07 (as of Sep 30, 2026), built from audited fundamentals. The current price: €19.40.
What is the quality score of NKO?
Nikkiso Co has a Quality Score of 56/100. 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 Nikkiso Co (NKO)?
Our model-based price target is the fair value of €16.07 (as of Sep 30, 2026) from 26 valuation models. Cautious scenario €9.31, optimistic scenario €24.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Nikkiso Co stock forecast for 2026?
Our models put fair value at €16.07, about −17% upside versus a price of €19.40 (overvalued). Cautious scenario €9.31, optimistic scenario €24.17. The calculation is refreshed regularly with new filings.
What is the revenue of Nikkiso Co (NKO)?
Nikkiso Co reported trailing-twelve-month revenue of about ¥234B (latest available figure, as of Sep 30, 2026).
Does Nikkiso Co pay a dividend?
Nikkiso Co currently shows a dividend yield of about 1.66% relative to its recent price (as of Sep 30, 2026).
What growth is priced into Nikkiso Co (NKO)?
For today's price to be fair in a discounted-cash-flow model, Nikkiso Co would have to grow free cash flow by +13.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +6.5 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of NKO use?
Our models discount Nikkiso Co at 9.6 %: a base by market capitalisation (small), damped by beta 0.49, 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 Nikkiso Co that is +13.5 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Nikkiso Co (NKO) delivered so far?
Over the past 4 years revenue at Nikkiso Co grew +6.5 % a year. The price currently implies +13.5 % 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 Nikkiso Co (NKO) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into Nikkiso Co (+13.5 % 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 Nikkiso Co (NKO)?
The free-cash-flow yield on the price is 4.68 %: that much free cash flow Nikkiso Co produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nikkiso Co (NKO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nikkiso Co it is €16.07 per share (as of Sep 30, 2026), against a price of €19.40. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Nikkiso Co stock overvalued or undervalued in 2026?
As of Sep 30, 2026, NKO trades above its calculated fair value: price €19.40, fair value €16.07, a gap of about −17% (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 NKO?
No. The price is what the market pays today (€19.40); the fair value is what the company's own numbers justify (€16.07). For Nikkiso Co the two are €3.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nikkiso Co worth?
The market values Nikkiso Co at about €1.3B (market capitalisation, as of Sep 30, 2026). Per share that is €19.40; our models calculate a fair value of €16.07 per share.
What do the bullish and bearish scenarios say about NKO?
Our models span a range for Nikkiso Co: cautious scenario €9.31, base €16.07, optimistic €24.17 per share (as of Sep 30, 2026, price €19.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NKO?
Nikkiso Co trades at a price-to-earnings ratio of 13.6 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €16.07 is built from several models across several years. Other multiples: P/B 1.4, P/S 1.0, EV/EBITDA 8.6.
How solid is the balance sheet of Nikkiso Co (NKO)?
Balance-sheet figures for Nikkiso Co (as of Sep 30, 2026): return on equity 10.9%, debt of 0.47 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is NKO from its 52-week high?
Nikkiso Co trades at €19.40, about 17% below its 52-week high of €23.46 and 152% above the low of €7.70 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €16.07 is for.
Which stocks are comparable to Nikkiso Co?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Nikkiso Co stock attractive at the current price?
The data as of Sep 30, 2026: price €19.40, calculated fair value €16.07 (−17%), Quality Score 56/100, 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 NKO calculated?
We run Nikkiso Co through 26 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 €16.07, 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 14.5 % above its aggregate fair value. Nikkiso 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 Nikkiso Co (NKO)?
The closing price on Oct 1, 2026 was €19.40. Our model-based fair value is €16.07, about −17% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nikkiso Co right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€9.31 to €24.17) leaves room in how you read the outcome.
Key figures of Nikkiso Co
How large is the market capitalisation of Nikkiso Co (NKO)?
The market capitalisation of Nikkiso Co is €1.3B. 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 Nikkiso Co (NKO)?
The price-to-sales ratio of Nikkiso Co is 0.86 (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 Nikkiso Co (NKO)?
Earnings per share at Nikkiso Co are €1.43 (price ÷ EPS = P/E 13.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nikkiso Co (NKO)?
The dividend yield of Nikkiso Co is 1.7% (payout 22.5%). 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 Nikkiso Co (NKO)?
The net margin of Nikkiso Co is 6.3% (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 Nikkiso Co (NKO)?
The return on equity (ROE) of Nikkiso Co is 10.9% (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 Nikkiso Co (NKO)?
On an EBIT basis the return on assets of Nikkiso Co is 4.2% (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 Nikkiso Co (NKO)?
The operating margin of Nikkiso Co is 8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nikkiso Co (NKO)?
Revenue at Nikkiso Co is growing +21.2% versus a year earlier (3y avg +6.8%). 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 Nikkiso Co (NKO)?
Earnings per share at Nikkiso Co are growing +94.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nikkiso Co (NKO) carry?
The net debt of Nikkiso Co is ¥38.0B (fiscal year 2025, ≈ 3.6 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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