Current Analysis: Niterra

person using MacBook Pro on tableImage Source: UnsplashNiterra Co Ltd (NGKSY) is a producer of spark plugs for internal combustion engines in the automotive industry as well as various ceramic products and tools for technology and medical uses.Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics.NGK’s largest end markets are Asia including Japan, North America, and Europe.The company manufactures products in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions.The automotive components division generates the lion’s share of sales for Niterra Co Ltd.The company was formerly known as NGK Spark Plug Co., Ltd. and changed its name to Niterra Co., Ltd. in April 2023.Niterra Co Ltd. was founded in 1936 and is headquartered in Nagoya, Japan.Three key data points gauge Niterra Co Ltd or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money.NGKSY PriceOver the past year, Niterra’s share price rose about 17.8% from $9.36 to $11.03 as of Friday’s market close.If Niterra’s stock trades in the range of $7.00 to $14.00 this next year, its recent $11.03 share price might rise to $11.30 by next year. Of course, Niterra’s price could drop about the same $0.27 estimated amount, or more.My upside estimate of $0.27, however, is about one  fifth Niterra’s average annual price gains over the past two years.NGKSY DividendNiterra has paid variable Semi-Annual dividends since June 23, 2016.  Niterra’s most recently paid SA dividend, of $0.30 was paid to shareholders of record as of March 30, 2023 on June 21st.  The forward looking $0.60 annual dividend yields 5.44% at Monday’s $11.03 share price,NGKSY ReturnsPutting it all together, we add the estimated forward looking annual dividend of  $0.60 to my estimated price upside of $0.27 and find a $0.87 gross gain.At Monday’s $11.03 closing price, a little over $1000 would buy 91 shares.A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.11 per share.Subtracting that likely $0.11 brokerage cost from the $0.87 estimated gross gain per share produces a net gain of $0.76 X 91 shares = $69.16 or a 6.9% net gain.You might choose to pounce on Niterra Co Ltd shares. NGKSY is a eighty-seven  year old auto and ceramic components supplier in Japan. Furthermore the estimated $54.40 dividend income from $1k invested is 4.9 times greater than Monday’s single share price.The fate of Niterra’s ongoing future price and dividend is yet to be known.Remember the true value of any stock is best realized through personal ownership of shares.More By This Author:Current Analysis: Sankyo (SKXJF)
Current Analysis: DRI Healthcare
Current Analysis: GSK Plc


  • Total Score 0%
User rating: 0.00% ( 0
votes )

Leave a Reply

Your email address will not be published. Required fields are marked *