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Nippon Paint Holdings (NPCPF) Fair Value & Analysis

Basic Materials · US · Market cap $15.6B

NP Nippon Paint Holdings logo Nippon Paint Holdings NPCPF · US
Price$6.69
Fair Value$7.12
Upside+6.4%
Quality52/100
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Healthy Growth
Solidly profitable · 10.5% net margin
Moderate debt · generates free cash flow
1.65% dividend yield
Ranks above peers (9/12)
Moderate moat 53/100
Evidence: High Range $4.29 – $9.26 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Share price −0.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($4.29 to $9.26) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$19.56 $3.70 Fair Value $7.12 Jun 2015 Jul 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 18, 2026.

How to read this chart

60‑month range $3.70 – $19.56 · fair‑value band $4.29 – $9.26 · the $6.69 price screens below the $7.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 18, 2026.

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Analysis

Nippon Paint Holdings (NPCPF) currently trades at $6.69, while our model-based Fair Value estimate is $7.12, implying the stock looks roughly 6.4% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Nippon Paint Holdings generated revenue of $1.9T at a net margin of 10.5%. Revenue grew 9.6% year over year. It earns a return on equity of 11.5%. Net debt stands at $998B. Fundamentals as of Jul 18, 2026

Our scenario range runs from $4.29 (bear case) to $9.26 (bull case); at $6.69, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 12% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 6%, NPCPF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $2.75 $6.81 $13.84 80
Rev-Margin DCF $2.69 $6.66 $11.91 74
ROIC Compounder $2.21 $2.97 $3.63 72
All 24 models by family
DCF Models
FCF DCF $2.82 $7.33 $15.42 38
Owner Earnings $5.04 $11.49 $23.05 31
5Y Revenue Exit $2.69 $6.80 $12.47 39
5Y EBITDA Exit $3.35 $8.19 $14.37 41
5Y P/E Exit $3.20 $7.86 $13.30 38
10Y Revenue Exit $2.52 $6.48 $12.74 36
10Y EBITDA Exit $3.14 $7.51 $14.37 37
10Y P/E Exit $3.03 $7.27 $13.46 35
Earnings-Based
Graham-Dodd $3.27 $16.34 $22.55 54
Lynch FV $4.42 $6.31 $8.20 50
PEG = 1.0 $4.42 $6.31 $8.20 46
EPV $2.21 $2.97 $3.63 59
Multiples
P/E Multiple $6.13 $8.18 $10.22 63
P/S Multiple $5.34 $7.12 $8.90 58
P/B Multiple $6.13 $8.18 $10.22 55
EV/EBIT $4.62 $6.94 $9.26 53
EV/EBITDA $4.04 $6.17 $8.29 54
EV/Revenue $2.65 $4.79 $6.92 43
Asset-Based
NCAV (Graham) $2.41 $3.23 $4.83 50
Growth DCF
Growth DCF $2.75 $6.81 $13.84 80
Rev-Margin DCF $2.69 $6.66 $11.91 74
Economic Profit
Residual Income $4.24 $4.71 $7.51 61
ROIC Compounder $2.21 $2.97 $3.63 72
Growth Earnings
Growth-Adj P/E $6.07 $8.67 $11.28 68

Widest divergence: Growth Earnings ($8.67) versus Economic Profit ($2.97). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.9T
Revenue growth (YoY) +9.6%
Net margin 10.5%
Return on equity 11.5%
Free cash flow $145B FY2025
P/E ratio 20.4
More key figures
Operating margin 14.9%
EPS (TTM) $0.3300
Dividend yield 1.7%
EPS growth (YoY) +57.0%
Net debt $998B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 50 · Market factors (momentum, volatility) 28

Profitability 38
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Nippon Paint Holdings Co., Ltd. engages in the paints and fine chemicals businesses in Japan, Asia, the United States, Europe, and internationally.

Full company description

Nippon Paint Holdings Co., Ltd. engages in the paints and fine chemicals businesses in Japan, Asia, the United States, Europe, and internationally. The company offers automotive coatings, including paints for the automotive body, surface treatment, electrodeposition coating, intermediate coating, and finish coating; paints for plastic components, such as bumpers and interior components; decorative paints for construction sites, single-family detached homes, condominiums, office buildings, medical institutions, and schools; industrial coatings that are used for construction and farming machinery, exterior construction materials, office equipment, electric home appliances; and marine coatings, such as antifouling paints. It also provides surface treatment products comprising functional coatings, which demonstrate various functions, such as hydrophilicity and rust prevention, and substrate films; caulking agents to fill gaps between building materials; adhesives to fix flooring and building materials; and fillers used for base coatings. In addition, the company is involved in the investment business; and sale of paints and raw materials. The company was formerly known as Nippon Paint Co., Ltd. and changed its name to Nippon Paint Holdings Co., Ltd. in October 2014. Nippon Paint Holdings Co., Ltd. was founded in 1879 and is headquartered in Minato, Japan. Nippon Paint Holdings Co., Ltd. operates as a subsidiary of Nipsea International Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nippon Paint Holdings reported revenue of $1.8T in FY2025 versus $998B in FY2021, a compound +15.5%/yr. Reported net income was $180B in FY2025, compounding +27.7%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.8T
Latest YoY
+8.4%
Avg. growth/yr (3Y)
+10.7%
Avg. growth/yr (5Y)
+17.9%
Avg. growth/yr (21Y)
+10.8%
Revenue +15.5%/yr
FY21 $998B
FY22 $1.3T
FY23 $1.4T
FY24 $1.6T
FY25 $1.8T
Net income +27.7%/yr
FY21 $67.6B
FY22 $79.4B
FY23 $118B
FY24 $127B
FY25 $180B

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Cite: Fair Value Calculator (2026). "Nippon Paint Holdings Fair Value". https://www.fairvalue-calculator.com/stock/NPCPF

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Chemicals · 676 stocks

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.

Quality Score 52 · Below median
Fair Value upside +6% · Above median
Return on equity (TTM) 11% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.72× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 20.4× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
PEG 1.71× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 42 · sector 0
FUTURE 48 · sector 19
PAST 46 · sector 23
HEALTH 64 · sector 95
DIVIDEND 33 · sector 25

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Nippon Paint Holdings (NPCPF) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $7.12 versus a price of $6.69, about +6% (fairly valued).
What is the fair value of NPCPF?
Our model-based fair value for Nippon Paint Holdings is $7.12 (as of Jul 18, 2026), built from audited fundamentals. The current price is $6.69.
What is the quality score of NPCPF?
Nippon Paint Holdings 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 revenue of Nippon Paint Holdings (NPCPF)?
Nippon Paint Holdings reported trailing-twelve-month revenue of about $1.9T (latest available figure, as of Jul 18, 2026).
What is the net profit margin of NPCPF?
The net profit margin of Nippon Paint Holdings is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.
Does Nippon Paint Holdings pay a dividend?
Nippon Paint Holdings currently shows a dividend yield of about 1.65% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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