Risk factor
Poor trading liquidity
Profitability factor
Undervalued vs peers
About
Fujikura Kasei Co., Ltd. is a Japan-based company with international operations, specializing in the manufacturing and sale of a wide array of chemical products. Their offerings include plastic coatings, extensively used in automotive components (both interior and exterior, including electronics), cosmetic packaging, household appliances, and mobile devices. They also supply film paints for agricultural and optical applications, alongside hobby-grade paints. The company develops architectural coatings for external residential finishes and produces various polymers and resins utilized in adhesives, printer toners, molding compounds, stationery, and electronic components. Additionally, Fujikura Kasei provides medical materials for in-vitro diagnostic pharmaceuticals and research reagents, as well as synthetic resins. A key segment of their business is electronic materials, which comprises adhesives for welding and soldering, wiring solutions for printed circuit boards, electrodes, and contact materials. This segment also features paste materials (conductive, insulating, and for flexible substrates) used in touch panels, along with electromagnetic wave shields. Founded in 1938 and headquartered in Tokyo, Japan, the company was initially named Fujikura Kagaku Mfg. Co., Ltd., adopting its current name in December 1958.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on EV/EBITD.