Mazda Motor Corporation

DB:MZA Stock Report

Market Cap: €4.2b

Mazda Motor Valuation

Is MZA 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 MZA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MZA (€6.7) is trading below our estimate of fair value (€16.63)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MZA. This is calculated by dividing MZA's market cap by their current earnings.
What is MZA's PE Ratio?
PE Ratio5.1x
EarningsJP¥134.90b
Market CapJP¥690.86b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MZA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.5x
PAH3 Porsche Automobil Holding
2.9x19.3%€11.1b
VOW3 Volkswagen
3.7x9.4%€45.3b
BMW Bayerische Motoren Werke
5.9x3.1%€47.9b
P911 Dr. Ing. h.c. F. Porsche
13.7x9.9%€54.6b
MZA Mazda Motor
5.1x8.4%€690.9b

Price-To-Earnings vs Peers: MZA is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (6.5x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MZA 5.1xIndustry Avg. 16.6xNo. of Companies15PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MZA is good value based on its Price-To-Earnings Ratio (5.1x) compared to the Global Auto industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is MZA'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.

MZA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ratio7.4x

Price-To-Earnings vs Fair Ratio: MZA is good value based on its Price-To-Earnings Ratio (5.1x) compared to the estimated Fair Price-To-Earnings Ratio (7.4x).

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 MZA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.70
€8.46
+26.3%
31.4%€15.42€5.55n/a14
Jan ’26€6.49
€8.39
+29.2%
31.4%€15.29€5.50n/a14
Dec ’25€5.93
€9.09
+53.4%
26.5%€15.79€6.31n/a14
Nov ’25€6.49
€9.30
+43.4%
28.9%€15.21€6.08n/a14
Oct ’25€6.76
€9.78
+44.8%
27.9%€15.82€6.33n/a15
Sep ’25€7.54
€10.41
+38.0%
26.6%€15.47€6.19n/a14
Aug ’25€7.77
€11.17
+43.8%
18.4%€15.10€8.29n/a14
Jul ’25€8.93
€11.09
+24.1%
17.4%€14.80€8.12n/a14
Jun ’25€9.62
€11.55
+20.1%
15.1%€14.97€9.39n/a14
May ’25€10.58
€11.83
+11.9%
13.4%€14.65€9.76n/a14
Apr ’25€10.70
€11.66
+9.0%
14.4%€14.65€9.77n/a14
Mar ’25€10.64
€11.48
+7.9%
16.7%€14.81€8.33n/a15
Feb ’25€11.24
€11.39
+1.3%
17.6%€16.30€8.46n/a15
Jan ’25€9.61
€11.73
+22.0%
17.5%€16.75€8.70€6.4915
Dec ’24€9.78
€11.14
+13.9%
18.3%€16.11€8.37€5.9315
Nov ’24€9.62
€10.82
+12.4%
17.9%€14.80€8.50€6.4915
Oct ’24€10.98
€10.41
-5.2%
15.1%€13.96€8.56€6.7615
Sep ’24€9.62
€10.02
+4.1%
16.5%€13.94€8.24€7.5415
Aug ’24€9.03
€9.47
+4.9%
17.5%€13.95€7.61€7.7715
Jul ’24€8.81
€9.06
+2.9%
19.0%€13.94€7.60€8.9315
Jun ’24€7.78
€9.33
+19.9%
19.1%€14.77€7.72€9.6215
May ’24€8.11
€8.49
+4.7%
11.6%€10.79€7.08€10.5814
Apr ’24€8.40
€8.84
+5.3%
10.3%€10.56€7.39€10.7014
Mar ’24€8.65
€8.47
-2.1%
12.4%€10.38€7.13€10.6413
Feb ’24€7.43
€8.61
+15.8%
12.6%€10.63€7.30€11.2413
Jan ’24€7.11
€9.04
+27.1%
11.2%€10.67€7.33€9.6114

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 00:55
End of Day Share Price 2025/01/08 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

Mazda Motor Corporation is covered by 33 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