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home / news releases / NNDNF - Nidec: EV Business Continues To Underwhelm But ESG Explains High Valuations

NNDNF - Nidec: EV Business Continues To Underwhelm But ESG Explains High Valuations

Nihon Densan Kabushiki Kaisha
  • Nidec continues to underwhelm with its much-vaunted EV motor business in China and investors appear more impatient than before.
  • Our assessment over the company's carbon footprint results in relatively high ESG credentials, which partly explains its premium valuations.
  • The shares are trading on PER FY3/2022 46.0x with a free cash flow yield of 1.4%. We do not get a sense that the shares are undervalued.

For further details see:

Nidec: EV Business Continues To Underwhelm, But ESG Explains High Valuations
Stock Information
Company Name: Nihon Densan Kabushiki Kaisha
Stock Symbol: NNDNF
Market: OTC
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