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4004: Higher Margins And Lower Multiple Will Support Balanced Outlook Through 2026

Update shared on 14 Dec 2025

Fair value Increased 2.84%
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AnalystConsensusTarget's Fair Value
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1Y
46.8%
7D
-3.7%

Analysts have nudged their price target for Resonac Holdings modestly higher to ¥6,300 from approximately ¥6,100, citing improved long term profit margin expectations that more than offset a tempered revenue growth outlook and a lower assumed future P E multiple.

Valuation Changes

  • The fair value estimate has risen slightly, from approximately ¥6,085 to around ¥6,260 per share, reflecting improved profitability assumptions.
  • The discount rate has increased marginally, from about 6.89 percent to 6.91 percent, indicating a slightly higher required return.
  • Expected revenue growth has fallen significantly, from roughly 1.41 percent to about 0.45 percent annually, signaling a more cautious top line outlook.
  • The net profit margin assumption has risen sharply, from about 5.4 percent to roughly 10.8 percent, implying a much stronger long term earnings profile.
  • The future P/E assumption has fallen substantially, from about 17.8x to roughly 9.5x, suggesting a more conservative valuation multiple applied to forward earnings.

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Disclaimer

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