Nippon Paint Holdings Co., Ltd.

Factors to consider:

• Company pays dividends (annually): last record date 2025-06-30, amount 0.05$ (Y0.78%)
• Earnings for 18 months up through Q2 (+1 year) are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2023-12-31 to 2025-12-30

• 2023-12-31 to 2024-12-30 estimated range: [5.32$, 8.60$]
• 2024-12-30 to 2025-12-30 estimated range: [5.00$, 8.18$]

Financial Metrics affecting the NPCPF estimates:

• Positive: with PPE of 20.6 at the end of fiscal year the price was very low
• Positive: 7.86 < Operating profit margin, % of 11.70
• Positive: 6.82 < Operating cash flow per share per price, % of 7.64
• Negative: Industry operating cash flow per share per price (median), % of 4.90 <= 5.52
• Positive: 41.86 < Shareholder equity ratio, % of 50.06 <= 63.39
• Positive: Inventory ratio change, % of -1.00 <= -0.75
• Positive: -14.38 < Investing cash flow per share per price, % of -4.67