Takasago Thermal Engineering Co., Ltd.

DB:Q74 Stock Report

Market Cap: €2.5b

Takasago Thermal Engineering Valuation

Is Q74 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation 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 Q74 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Q74 (€36.79) is trading below our estimate of fair value (€49.49)

Significantly Below Fair Value: Q74 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for Q74?

Key metric: As Q74 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for Q74. This is calculated by dividing Q74's market cap by their current earnings.
What is Q74's PE Ratio?
PE Ratio18.6x
EarningsJP¥21.78b
Market CapJP¥405.08b

Price to Earnings Ratio vs Peers

How does Q74's PE Ratio compare to its peers?

The above table shows the PE ratio for Q74 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
VIB3 Villeroy & Boch
14.9x43.5%€419.1m
ST5 STEICO
10.1x-7.6%€279.7m
WUG Westag
24.1xn/a€117.0m
TSS InnoTec TSS
10xn/a€57.9m
Q74 Takasago Thermal Engineering
18.6x4.4%€405.1b

Price-To-Earnings vs Peers: Q74 is expensive based on its Price-To-Earnings Ratio (18.6x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does Q74's PE Ratio compare vs other companies in the European Building Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
Q74 18.6xIndustry Avg. 19.7xNo. of Companies15PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: Q74 is good value based on its Price-To-Earnings Ratio (18.6x) compared to the European Building industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is Q74'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.

Q74 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate Q74's Price-To-Earnings Fair Ratio for valuation analysis.

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 Q74 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€36.79
€37.97
+3.2%
29.2%€56.19€18.83n/a6
Nov ’25€30.77
€35.42
+15.1%
26.6%€49.47€18.40n/a6
Oct ’25€31.52
€36.46
+15.7%
26.6%€50.92€18.94n/a6
Sep ’25n/a
€36.46
0%
26.6%€50.92€18.94n/a6
Aug ’25n/a
€34.33
0%
24.9%€45.32€17.72n/a6
Jul ’25n/a
€34.33
0%
24.9%€45.32€17.72n/a6
Jun ’25n/a
€29.95
0%
32.9%€45.80€17.91n/a6
May ’25n/a
€28.40
0%
23.6%€40.89€18.90n/a6
Apr ’25n/a
€28.40
0%
23.6%€40.89€18.90n/a6
Mar ’25n/a
€26.26
0%
30.6%€40.78€18.85n/a6
Feb ’25n/a
€21.88
0%
16.3%€29.24€18.97n/a6
Jan ’25n/a
€23.22
0%
16.5%€30.31€19.67n/a5
Dec ’24n/a
€21.09
0%
19.9%€29.01€15.43n/a6
Nov ’24n/a
€19.84
0%
14.4%€24.70€15.83€30.776
Oct ’24n/a
€19.05
0%
17.9%€24.62€14.84€31.526
Sep ’24n/a
€18.36
0%
21.9%€24.41€12.52n/a6
Aug ’24n/a
€16.69
0%
14.5%€20.70€13.36n/a6
Jul ’24n/a
€16.69
0%
14.5%€20.70€13.36n/a6
Jun ’24n/a
€16.25
0%
16.2%€20.64€12.65n/a6
May ’24n/a
€16.73
0%
15.3%€21.60€13.24n/a6
Apr ’24n/a
€16.73
0%
15.3%€21.60€13.24n/a6
Mar ’24n/a
€15.55
0%
19.0%€21.35€12.05n/a6
Feb ’24n/a
€14.32
0%
11.5%€16.72€12.10n/a6
Jan ’24n/a
€14.32
0%
11.5%€16.72€12.10n/a6
Dec ’23n/a
€12.56
0%
11.0%€14.45€10.67n/a4
Nov ’23n/a
€12.67
0%
11.4%€14.68€10.84n/a4

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

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