Resona Holdings, Inc.

DB:DW1 Stock Report

Market Cap: €15.9b

Resona Holdings Valuation

Is DW1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 DW1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€9.96
Fair Value
30.2% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: DW1 (€6.95) is trading below our estimate of fair value (€9.96)

Significantly Below Fair Value: DW1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DW1?

Key metric: As DW1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DW1. This is calculated by dividing DW1's market cap by their current earnings.
What is DW1's PE Ratio?
PE Ratio13.5x
EarningsJP¥190.67b
Market CapJP¥2.57t

Price to Earnings Ratio vs Peers

How does DW1's PE Ratio compare to its peers?

The above table shows the PE ratio for DW1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.3x
CBK Commerzbank
9.3x7.9%€19.8b
601009 Bank of Nanjing
6x10.5%CN¥112.0b
CFG Citizens Financial Group
16.7x21.7%US$19.1b
RF Regions Financial
13.1x12.2%US$21.0b
DW1 Resona Holdings
13.5x9.6%€2.6t

Price-To-Earnings vs Peers: DW1 is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (11.3x).

Price to Earnings Ratio vs Industry

How does DW1's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DW1 13.5xIndustry Avg. 8.0xNo. of Companies45PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DW1 is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the European Banks industry average (8x).

Price to Earnings Ratio vs Fair Ratio

What is DW1'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.

DW1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: DW1 is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

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 DW1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.95
€7.25
+4.3%
17.2%€9.73€4.53n/a11
Jan ’26€6.85
€7.21
+5.3%
17.2%€9.72€4.52n/a11
Dec ’25€7.80
€7.04
-9.7%
17.9%€9.99€4.59n/a11
Nov ’25€6.30
€6.83
+8.5%
13.0%€8.12€4.62n/a11
Oct ’25€6.15
€6.83
+11.1%
13.0%€8.12€4.62n/a11
Sep ’25€6.35
€6.89
+8.4%
14.3%€8.22€4.61n/a11
Aug ’25€6.85
€6.82
-0.5%
14.3%€8.14€4.56n/a11
Jul ’25€6.20
€6.10
-1.6%
15.3%€7.60€4.33n/a11
Jun ’25€6.30
€5.84
-7.3%
12.4%€7.09€4.37n/a11
May ’25€5.95
€5.88
-1.2%
15.5%€7.36€3.93n/a11
Apr ’25€5.70
€5.58
-2.1%
16.4%€7.31€3.90n/a11
Mar ’25€5.20
€5.33
+2.5%
12.7%€6.84€3.98n/a11
Feb ’25€5.05
€5.38
+6.5%
13.2%€6.92€3.90n/a11
Jan ’25€4.52
€5.46
+20.7%
13.2%€7.02€3.95€6.8511
Dec ’24€4.80
€5.37
+11.9%
14.3%€6.82€3.84€7.8010
Nov ’24€5.25
€5.44
+3.5%
14.3%€6.94€4.10€6.3010
Oct ’24€5.20
€5.22
+0.4%
11.3%€6.26€4.11€6.1510
Sep ’24€4.90
€4.92
+0.4%
10.8%€5.70€4.12€6.3511
Aug ’24€4.64
€4.68
+0.8%
10.0%€5.75€4.15€6.8511
Jul ’24€4.36
€4.60
+5.4%
9.2%€5.75€4.15€6.2011
Jun ’24€4.28
€4.80
+12.1%
9.4%€5.60€4.20€6.3011
May ’24€4.44
€4.95
+11.4%
8.8%€5.74€4.30€5.9511
Apr ’24€4.37
€5.02
+14.9%
11.1%€5.89€3.86€5.7011
Mar ’24€5.05
€4.91
-2.8%
14.4%€5.79€3.44€5.2011
Feb ’24€4.98
€4.99
+0.2%
13.4%€5.73€3.53€5.0511
Jan ’24€5.08
€4.81
-5.3%
14.1%€5.74€3.54€4.5211
Analyst Price Target
Consensus Narrative from 11 Analysts
€7.35
Fair Value
5.5% undervalued intrinsic discount
11
Number of Analysts

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 Analysis2025/01/13 00:26
End of Day Share Price 2025/01/13 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

Resona Holdings, Inc. is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shinichi TamuraBarclays
Toyoki SameshimaBNP Paribas Securities (Asia)
Shinichiro NakamuraBofA Global Research