| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 7235.15 | 26 |
| Intrinsic value (DCF) | 2294.52 | -60 |
| Graham-Dodd Method | 2078.94 | -64 |
| Graham Formula | 6227.66 | 8 |
Nakabohtec Corrosion Protecting Co., Ltd. is a leading Japanese company specializing in corrosion protection services for metallic structures. Headquartered in Tokyo, the company provides comprehensive solutions including survey, analysis, design, engineering, and material supply to prevent corrosion. Operating in the industrials sector, Nakabohtec offers a range of services such as cathodic protection, anti-corrosion painting, coating, and environmental surveys. Additionally, the company provides construction services spanning civil engineering, electrical works, steel structures, and more. Established in 1951 and rebranded in 1991, Nakabohtec has built a strong reputation in Japan's metal fabrication industry. With a market capitalization of approximately ¥12.4 billion, the company continues to leverage its expertise to serve infrastructure, marine, and industrial clients, ensuring long-term durability and safety of metallic assets.
Nakabohtec Corrosion Protecting Co., Ltd. presents a stable investment opportunity within Japan's industrials sector, supported by its niche focus on corrosion protection. The company's revenue of ¥13.78 billion and net income of ¥834.9 million reflect steady performance, while its zero debt and ¥1 billion cash position indicate financial stability. The diluted EPS of ¥338.75 and a dividend per share of ¥560 suggest shareholder-friendly policies. However, the company's growth prospects may be limited by its domestic focus and reliance on Japan's infrastructure spending. Investors should weigh its low beta (0.705) against potential industry cyclicality and competition in the corrosion protection market.
Nakabohtec Corrosion Protecting Co., Ltd. holds a competitive edge in Japan's corrosion protection market due to its integrated service offerings, combining engineering expertise with material supply and construction capabilities. The company's long-standing presence since 1951 has allowed it to build strong client relationships, particularly in infrastructure and marine sectors. Its specialization in cathodic protection and anti-corrosion coatings differentiates it from general construction firms. However, Nakabohtec faces competition from larger industrial service providers and global corrosion protection specialists. The company's domestic focus limits its exposure to international markets, where competitors may have broader geographic reach. Its zero-debt balance sheet provides financial flexibility but may also indicate conservative growth strategies compared to leveraged peers. The company's ability to maintain profitability in a competitive and regulated industry will depend on continued demand for corrosion protection in Japan's aging infrastructure and industrial facilities.