LIXIL Valuation

Is TJS 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TJS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TJS (€10.7) is trading above our estimate of fair value (€5.75)

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


Key Valuation Metric

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

Key metric: As TJS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TJS. This is calculated by dividing TJS's market cap by their current revenue.
What is TJS's PS Ratio?
PS Ratio0.3x
SalesJP¥1.49t
Market CapJP¥508.34b

Price to Sales Ratio vs Peers

How does TJS's PS Ratio compare to its peers?

The above table shows the PS ratio for TJS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
FDD Pilkington Deutschland
1.9xn/a€758.9m
VIB3 Villeroy & Boch
0.3x10.8%€416.4m
ST5 STEICO
0.8x9.5%€277.2m
WUG Westag
0.6xn/a€117.0m
TJS LIXIL
0.3x1.9%€508.3b

Price-To-Sales vs Peers: TJS is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.9x).


Price to Sales Ratio vs Industry

How does TJS's PS Ratio compare vs other companies in the European Building Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
TJS 0.3xIndustry Avg. 0.8xNo. of Companies14PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TJS is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Building industry average (0.8x).


Price to Sales Ratio vs Fair Ratio

What is TJS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TJS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: TJS is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).


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 TJS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€10.70
€11.20
+4.7%
9.7%€14.05€10.08n/a9
Nov ’25€10.60
€11.14
+5.1%
12.8%€15.02€9.91n/a9
Oct ’25€10.50
€11.19
+6.6%
12.8%€15.09€9.96n/a9
Sep ’25€10.60
€11.19
+5.6%
12.8%€15.09€9.96n/a9
Aug ’25€10.50
€11.19
+6.6%
12.8%€15.09€9.96n/a9
Jul ’25€9.70
€10.99
+13.3%
12.7%€14.73€9.72n/a9
Jun ’25€9.95
€10.98
+10.4%
12.4%€14.68€9.98n/a9
May ’25€9.90
€10.77
+8.8%
5.5%€11.88€10.10n/a9
Apr ’25€11.20
€12.67
+13.1%
10.5%€15.57€10.59n/a8
Mar ’25€11.60
€12.50
+7.7%
10.5%€15.36€10.45n/a8
Feb ’25€12.00
€12.46
+3.8%
11.6%€15.72€10.69n/a9
Jan ’25€11.00
€12.49
+13.5%
12.3%€16.12€10.64n/a9
Dec ’24€10.90
€11.72
+7.6%
13.1%€15.28€10.09n/a10
Nov ’24€11.00
€12.12
+10.2%
11.9%€15.58€10.78€10.6010
Oct ’24€10.80
€12.39
+14.7%
12.5%€15.82€10.95€10.5010
Sep ’24€11.30
€12.50
+10.6%
8.8%€14.57€10.96€10.6010
Aug ’24€11.30
€12.90
+14.2%
7.7%€14.14€11.12€10.5010
Jul ’24€11.90
€13.31
+11.9%
10.1%€16.51€10.99€9.7010
Jun ’24€12.20
€14.68
+20.3%
11.3%€17.46€11.62€9.9510
May ’24€14.00
€15.51
+10.8%
7.8%€17.32€13.99€9.9010
Apr ’24€14.70
€16.53
+12.5%
6.0%€18.45€14.91€11.2010
Mar ’24€14.60
€16.41
+12.4%
8.5%€19.49€14.62€11.6011
Feb ’24€14.60
€17.31
+18.6%
11.9%€21.91€14.84€12.0011
Jan ’24€13.90
€17.18
+23.6%
11.8%€21.19€14.35€11.0011
Dec ’23€15.10
€18.28
+21.0%
12.0%€22.29€15.60€10.9010
Nov ’23€13.40
€18.75
+39.9%
11.5%€21.78€15.25€11.0010

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


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