JFE Holdings, Inc. (5411.T) stock analysis

In our weekly check, JFE Holdings, Inc. is graded D (A to F). Of 24 checks on debt, profit, cash flow and trend: 11 pass, warnings: 6, red flags: 7.

About JFE Holdings, Inc.

JFE Holdings, Inc. is a Basic Materials company (Steel) based in Japan, listed on JPX as 5411.T.

What our checks show for 5411.T

Red flags

• Net debt is 5.4x a year of EBITDA (debt/equity 0.88). That limits room in a downturn and raises refinancing risk.
• The net margin fell by 4.5 points over 5 years, to 2.1%: the company keeps less of each sale as profit.
• The gross margin fell by 3.7 points, to 11.7%: costs are rising faster than prices.
• Revenue fell 4.5% a year over the last 3 years.
• The net margin is only 2.1%: little room if costs rise.
• The stock has fallen as much as 93% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 2.3%.

Warning signs

• Operating profit covers interest only 3.3 times: a weak year could make the payments hard.
• Analysts expect only about 3.5% a year of growth in revenue.
• Earnings per share fell 19.2% a year over the last 3 years.
• Net profit fell 16.6% a year over the last 3 years.
• Free cash flow is only 1.3% of revenue.
• The stock is still below its previous peak.

Strengths

• Operating cash flow is 4.02x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 17.9% a year over the next years.
• The price is 12 times earnings (P/E), reasonable for its growth.
• Actively traded: about 6.3 million shares a day.
• Pay in shares is only 0% of free cash flow.

Next earnings report: 2026-11-06

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JINDALSTEL.NS · TATASTEEL.NS · APLAPOLLO.NS · NMDC.BO · JSL.NS · JSWSTEEL.NS

Questions

What grade does JFE Holdings, Inc. (5411.T) have?

In our weekly check, JFE Holdings, Inc. is graded D (A to F). Of 24 checks on debt, profit, cash flow and trend: 11 pass, warnings: 6, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 5411.T stock?

This week's biggest flags for JFE Holdings, Inc.: High debt, Margins falling, Gross margin falling. In total 13 of 24 checks show a warning or a red flag.

What does JFE Holdings, Inc. do?

JFE Holdings, Inc. is a Basic Materials company (Steel) based in Japan, listed on JPX as 5411.T.

When does JFE Holdings, Inc. report earnings next?

The next earnings report is expected on 2026-11-06. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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