- Nidec’s forecasted operating income for the fiscal year is lower than estimated, at 230.00 billion yen instead of the predicted 242.75 billion yen.
- The forecasted net income is also less than the estimate, predicted to be 165.00 billion yen rather than the expected 183.03 billion yen.
- Nidec’s forecasted net sales are less than the estimate, coming in at 2.40 trillion yen in comparison to the predicted 2.51 trillion yen.
- The company’s expected dividend is lower than estimates, as it is forecasted to be 80.00 yen instead of 83.95 yen.
- In the first half of the fiscal year, Nidec forecasted an operating income of 100.00 billion yen.
- First half forecast for net income was 74.00 billion yen.
- The company also forecasted 1.14 trillion yen in net sales for the first half.
- The company’s stock has 14 buys, 4 holds, and 2 sells.
Nidec Corp on Smartkarma
Analyzing the analyst coverage on Nidec Corp on Smartkarma reveals insights from Mark Chadwick. In a report titled “Nidec (6594) | Liquid Cooling Overheats Stock,” Chadwick expresses concerns about the market impact and sales volume despite the stock’s 7% rise following Nidec’s plan to increase CDU production in Thailand significantly. The move, aiming to enhance CDU production by 10x by June 2024, caused a notable market impact of 250 billion yen, which Chadwick believes is overly optimistic based on the expected sales volume.
In another report, “Nidec (6594) | Forget the EV Slump,” Chadwick highlights Nidec’s challenges in the global EV market but sees potential catalysts and strong positioning that make it an attractive investment. With Nidec trading at 18x EBIT, Chadwick views the company as a compelling play on the electrification, automation, and energy efficiency sectors. Despite a mixed quarter where net sales increased, operating profit rose, but full-year guidance for operating profit was revised down by 20%, Chadwick remains bullish on Nidec’s long-term structural electrification thesis.
A look at Nidec Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assigned Nidec Corp with varying scores across different factors, indicating its long-term outlook. Nidec Corp has received a score of 2 for both Value and Dividend, suggesting moderate performance in these areas. On the other hand, the company scored a 3 in both Growth and Resilience, reflecting a slightly more positive outlook in these aspects. Notably, Nidec Corp received a high score of 5 in Momentum, indicating strong potential for growth and positive market momentum.
Nidec Corp, known as the world’s leading producer of small precision motors for applications like HDDs and optical disk drives, has expanded its reach into home appliances and automobiles. The company actively engages in mergers and acquisitions, with subsidiaries that include key players in manufacturing LCD panel handling robots and camera shutters. Overall, the mix of Smartkarma Smart Scores portrays a diversified outlook for Nidec Corp across various business facets.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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