Toyota Tsusho Valuation
Is 9TO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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 9TO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 9TO (€16.2) is trading above our estimate of fair value (€7.89)
Significantly Below Fair Value: 9TO is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 9TO?
Key metric: As 9TO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 9TO's PE Ratio? | |
|---|---|
| PE Ratio | 8.4x |
| Earnings | JP¥335.23b |
| Market Cap | JP¥2.80t |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.4x |
| Enterprise Value/EBITDA | 6.7x |
| PEG Ratio | 1.9x |
Price to Earnings Ratio vs Peers
How does 9TO's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 16.3x | ||
BNR Brenntag | 16.1x | 15.6% | €8.8b |
MTX MTU Aero Engines | 24.2x | 10.7% | €17.1b |
8TRA Traton | 5.6x | 8.4% | €14.4b |
KBX Knorr-Bremse | 19.5x | 10.8% | €11.7b |
9TO Toyota Tsusho | 8.4x | 4.5% | €2.8t |
Price-To-Earnings vs Peers: 9TO is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (16.3x).
Price to Earnings Ratio vs Industry
How does 9TO's PE Ratio compare vs other companies in the European Trade Distributors Industry?
| 2 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 9TO is good value based on its Price-To-Earnings Ratio (8.4x) compared to the European Trade Distributors industry average (14.5x).
Price to Earnings Ratio vs Fair Ratio
What is 9TO'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 8.4x |
| Fair PE Ratio | 17.2x |
Price-To-Earnings vs Fair Ratio: 9TO is good value based on its Price-To-Earnings Ratio (8.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €16.20 | €19.59 +20.9% | 19.7% | €26.62 | €15.13 | n/a | 6 |
| Nov ’25 | €15.30 | €19.59 +28.0% | 19.7% | €26.62 | €15.13 | n/a | 6 |
| Oct ’25 | €16.30 | €20.75 +27.3% | 18.5% | €27.64 | €15.70 | n/a | 7 |
| Sep ’25 | €17.20 | €22.59 +31.3% | 9.5% | €27.33 | €20.49 | n/a | 7 |
| Aug ’25 | €16.90 | €22.85 +35.2% | 10.4% | €26.51 | €20.35 | n/a | 7 |
| Jul ’25 | €17.90 | €21.45 +19.8% | 10.5% | €24.98 | €19.17 | n/a | 7 |
| Jun ’25 | €18.50 | €21.79 +17.8% | 10.1% | €25.24 | €19.37 | n/a | 7 |
| May ’25 | €20.17 | €22.49 +11.5% | 9.0% | €26.37 | €20.24 | n/a | 7 |
| Apr ’25 | €21.17 | €21.53 +1.7% | 6.8% | €24.44 | €19.76 | n/a | 7 |
| Mar ’25 | €19.83 | €20.82 +5.0% | 9.3% | €24.58 | €18.31 | n/a | 7 |
| Feb ’25 | €20.17 | €20.38 +1.1% | 10.4% | €23.21 | €16.70 | n/a | 7 |
| Jan ’25 | €17.50 | €19.77 +12.9% | 12.2% | €23.76 | €16.02 | n/a | 7 |
| Dec ’24 | €16.83 | €19.25 +14.4% | 10.9% | €22.89 | €15.44 | n/a | 7 |
| Nov ’24 | €17.33 | €19.30 +11.3% | 9.0% | €21.97 | €15.78 | €15.30 | 7 |
| Oct ’24 | €18.33 | €19.29 +5.2% | 9.0% | €22.00 | €15.80 | €16.30 | 7 |
| Sep ’24 | €18.50 | €17.97 -2.8% | 16.5% | €22.10 | €13.97 | €17.20 | 7 |
| Aug ’24 | €18.33 | €16.23 -11.5% | 11.4% | €19.60 | €14.06 | €16.90 | 7 |
| Jul ’24 | €14.73 | €15.72 +6.7% | 12.3% | €18.47 | €12.89 | €17.90 | 7 |
| Jun ’24 | €13.60 | €15.51 +14.1% | 13.0% | €19.09 | €13.43 | €18.50 | 7 |
| May ’24 | €12.27 | €14.93 +21.7% | 10.1% | €17.01 | €13.26 | €20.17 | 7 |
| Apr ’24 | €12.67 | €15.34 +21.1% | 9.5% | €17.82 | €13.89 | €21.17 | 7 |
| Mar ’24 | €12.73 | €14.61 +14.7% | 10.6% | €17.82 | €12.73 | €19.83 | 7 |
| Feb ’24 | €12.73 | €13.93 +9.4% | 10.2% | €16.66 | €12.18 | €20.17 | 7 |
| Jan ’24 | €11.27 | €13.93 +23.6% | 10.2% | €16.66 | €12.18 | €17.50 | 7 |
| Dec ’23 | €12.07 | €13.65 +13.1% | 12.6% | €16.69 | €11.05 | €16.83 | 7 |
| Nov ’23 | €11.67 | €13.57 +16.3% | 12.7% | €16.62 | €10.99 | €17.33 | 7 |
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.
Discover undervalued companies
Andritz
€5.2b
Provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally.
AZ2
€51.75
7D
-0.4%
1Y
6.7%
Fuji Electric
JP¥1.2t
Develops power semiconductors and electronics solutions in Japan and internationally.
FJE
JP¥52.50
7D
1.0%
1Y
38.2%
Heidelberger Druckmaschinen
€278.8m
Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.
HDD
€0.92
7D
-2.0%
1Y
-26.1%