Toyota Industries Corporation

DB:TAH Stock Report

Market Cap: €24.5b

Toyota Industries Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: TAH (€78.7) is trading above our estimate of fair value (€34.02)

Significantly Below Fair Value: TAH is trading above our estimate of fair value.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TAH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA10.7x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TAH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.6x
8TRA Traton
6.1x4.0%€16.1b
DTG Daimler Truck Holding
7.8x5.4%€30.0b
KBX Knorr-Bremse
20.6x10.3%€11.9b
KGX KION GROUP
15.8x20.4%€5.4b
TAH Toyota Industries
18x9.5%€4.1t

Price-To-Earnings vs Peers: TAH is expensive based on its Price-To-Earnings Ratio (18x) compared to the peer average (12x).


Price to Earnings Ratio vs Industry

How does TAH's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TAH is expensive based on its Price-To-Earnings Ratio (18x) compared to the German Machinery industry average (15.8x).


Price to Earnings Ratio vs Fair Ratio

What is TAH'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.

TAH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: TAH is good value based on its Price-To-Earnings Ratio (18x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).


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 TAH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€78.70
€91.50
+16.3%
15.3%€118.13€73.24n/a12
Jun ’25€85.55
€90.44
+5.7%
14.8%€117.23€72.68n/a13
May ’25€87.80
€91.16
+3.8%
15.2%€118.80€73.66n/a13
Apr ’25€94.50
€86.00
-9.0%
19.6%€119.64€58.90n/a13
Mar ’25€93.00
€79.82
-14.2%
13.6%€97.10€59.31n/a13
Feb ’25€78.50
€79.07
+0.7%
15.3%€98.92€58.23n/a12
Jan ’25€74.50
€78.37
+5.2%
15.6%€100.69€59.27n/a14
Dec ’24€79.00
€74.90
-5.2%
14.3%€98.91€58.22n/a15
Nov ’24€72.50
€71.09
-1.9%
15.4%€92.26€57.98n/a15
Oct ’24€73.50
€69.94
-4.8%
13.9%€91.78€58.23n/a15
Sep ’24€65.00
€67.25
+3.5%
11.3%€85.09€58.42n/a15
Aug ’24€67.00
€64.84
-3.2%
14.7%€85.65€51.78n/a15
Jul ’24€64.50
€60.04
-6.9%
16.3%€85.11€45.10n/a15
Jun ’24€58.00
€55.11
-5.0%
8.2%€66.31€47.08€85.5514
May ’24€52.00
€53.63
+3.1%
9.8%€66.29€47.07€87.8014
Apr ’24€50.00
€56.64
+13.3%
9.1%€69.44€49.30€94.5013
Mar ’24€56.00
€63.68
+13.7%
14.0%€89.53€50.28€93.0013
Feb ’24€55.00
€65.46
+19.0%
14.3%€92.11€51.72€78.5013
Jan ’24€51.00
€65.37
+28.2%
13.9%€90.65€53.69€74.5012
Dec ’23€54.00
€64.76
+19.9%
13.4%€89.35€52.92€79.0013
Nov ’23€51.50
€65.73
+27.6%
12.9%€90.28€53.47€72.5014
Oct ’23€47.80
€68.58
+43.5%
12.4%€93.42€55.33€73.5014
Sep ’23€54.00
€71.85
+33.1%
10.9%€93.54€57.57€65.0014
Aug ’23€58.00
€72.15
+24.4%
11.3%€92.41€56.87€67.0014
Jul ’23€56.00
€72.48
+29.4%
11.2%€90.33€57.67€64.5013
Jun ’23€61.50
€77.66
+26.3%
11.2%€95.39€60.90€58.0013

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


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