Subaru Corporation

DB:FUH Stock Report

Market Cap: €12.8b

Subaru Valuation

Is FUH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FUH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FUH (€17.8) is trading below our estimate of fair value (€40.73)

Significantly Below Fair Value: FUH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FUH?

Key metric: As FUH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FUH. This is calculated by dividing FUH's market cap by their current earnings.
What is FUH's PE Ratio?
PE Ratio5.2x
EarningsJP¥397.17b
Market CapJP¥2.06t

Price to Earnings Ratio vs Peers

How does FUH's PE Ratio compare to its peers?

The above table shows the PE ratio for FUH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.4x
PAH3 Porsche Automobil Holding
2.9x19.3%€11.1b
VOW3 Volkswagen
3.6x9.4%€44.3b
BMW Bayerische Motoren Werke
5.9x3.3%€48.7b
P911 Dr. Ing. h.c. F. Porsche
13.1x9.9%€53.0b
FUH Subaru
5.2x-4.4%€2.1t

Price-To-Earnings vs Peers: FUH is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (6.5x).

Price to Earnings Ratio vs Industry

How does FUH's PE Ratio compare vs other companies in the Global Auto Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FUH 5.2xIndustry Avg. 16.6xNo. of Companies15PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FUH is good value based on its Price-To-Earnings Ratio (5.2x) compared to the Global Auto industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is FUH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FUH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ratio6x

Price-To-Earnings vs Fair Ratio: FUH is good value based on its Price-To-Earnings Ratio (5.2x) compared to the estimated Fair Price-To-Earnings Ratio (6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FUH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.80
€18.27
+2.6%
24.0%€27.58€11.91n/a14
Dec ’25€15.00
€18.94
+26.3%
21.6%€27.78€12.00n/a14
Nov ’25€14.70
€18.36
+24.9%
20.7%€26.54€11.46n/a14
Oct ’25€15.50
€19.50
+25.8%
21.1%€27.84€12.02n/a14
Sep ’25€17.00
€20.31
+19.5%
21.9%€27.23€11.76n/a14
Aug ’25€17.20
€21.85
+27.0%
18.7%€31.38€14.21n/a14
Jul ’25€19.40
€21.52
+10.9%
18.9%€31.30€12.99n/a14
Jun ’25€20.40
€21.44
+5.1%
19.5%€31.38€13.02n/a14
May ’25€20.80
€21.62
+3.9%
15.9%€26.72€13.36n/a14
Apr ’25€20.80
€21.58
+3.7%
16.4%€27.26€13.01n/a14
Mar ’25€20.60
€20.85
+1.2%
17.7%€26.43€12.91n/a13
Feb ’25€18.40
€18.95
+3.0%
18.8%€26.87€13.12n/a15
Jan ’25€16.40
€19.38
+18.2%
18.7%€27.59€14.76€17.2015
Dec ’24€16.40
€18.92
+15.4%
18.8%€26.65€14.25€15.0015
Nov ’24€16.90
€18.86
+11.6%
18.1%€25.83€14.49€14.7015
Oct ’24€18.30
€18.74
+2.4%
17.3%€26.01€13.96€15.5015
Sep ’24€17.70
€18.52
+4.7%
17.9%€25.98€13.94€17.0015
Aug ’24€17.50
€17.45
-0.3%
15.6%€24.73€13.95€17.2015
Jul ’24€17.00
€16.86
-0.8%
18.2%€24.70€12.04€19.4015
Jun ’24€15.90
€17.16
+7.9%
16.4%€23.50€12.76€20.4015
May ’24€14.70
€16.72
+13.7%
18.5%€23.60€12.81€20.8015
Apr ’24€14.43
€17.53
+21.5%
18.1%€24.64€13.38€20.8015
Mar ’24€15.15
€18.00
+18.8%
19.7%€24.77€13.09€20.6015
Feb ’24€15.11
€18.80
+24.5%
20.9%€24.80€13.11€18.4014
Jan ’24€14.73
€19.83
+34.6%
17.1%€24.90€14.23€16.4015

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 18:24
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Subaru Corporation is covered by 32 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kei NihonyanagiBarclays
Koichi SugimotoBNP Paribas Securities (Asia)
Kentaro HosodaBofA Global Research