Shibaura Machine Co.,Ltd.

DB:TOA Stock Report

Market Cap: €570.8m

Shibaura MachineLtd Valuation

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

Below Fair Value: TOA (€23.6) is trading above our estimate of fair value (€21.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TOA. This is calculated by dividing TOA's market cap by their current earnings.
What is TOA's PE Ratio?
PE Ratio7.6x
EarningsJP¥12.16b
Market CapJP¥92.03b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TOA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46x
MUB Mühlbauer Holding
16.3xn/a€519.4m
MBH3 Maschinenfabrik Berthold Hermle
10.4xn/a€837.5m
WSU WashTec
18.1x13.7%€512.5m
SLT Schaltbau Holding
139.2xn/a€633.0m
TOA Shibaura MachineLtd
7.6x-3.6%€92.0b

Price-To-Earnings vs Peers: TOA is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (46x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
TOA 7.6xIndustry Avg. 14.7xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TOA is good value based on its Price-To-Earnings Ratio (7.6x) compared to the German Machinery industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is TOA'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.

TOA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio9.2x

Price-To-Earnings vs Fair Ratio: TOA is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (9.2x).

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 TOA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€23.60
€23.16
-1.9%
0.1%€23.19€23.13n/a2
Nov ’25€22.20
€23.44
+5.6%
0.1%€23.47€23.41n/a2
Oct ’25€24.40
€23.44
-3.9%
0.1%€23.47€23.41n/a2
Sep ’25€22.60
€23.44
+3.7%
0.1%€23.47€23.41n/a2
Aug ’25€22.00
€21.53
-2.2%
4.2%€22.44€20.61n/a2
Jul ’25€22.20
€21.53
-3.0%
4.2%€22.44€20.61n/a2
Jun ’25€19.90
€21.59
+8.5%
5.0%€22.67€20.51n/a2
May ’25€21.80
€22.64
+3.8%
5.0%€23.77€21.50n/a2
Apr ’25€21.60
€22.64
+4.8%
5.0%€23.77€21.50n/a2
Mar ’25€21.60
€24.37
+12.8%
1.7%€24.77€23.97n/a2
Feb ’25€21.00
€35.88
+70.8%
29.9%€46.60€25.15n/a2
Jan ’25€21.60
€36.57
+69.3%
29.9%€47.49€25.64n/a2
Dec ’24€22.80
€38.32
+68.1%
19.4%€45.76€30.88n/a2
Nov ’24€22.80
€36.09
+58.3%
12.7%€40.69€31.49€22.202
Oct ’24€25.40
€36.09
+42.1%
12.7%€40.69€31.49€24.402
Sep ’24€26.20
€36.09
+37.8%
12.7%€40.69€31.49€22.602
Aug ’24€26.60
€34.07
+28.1%
21.2%€41.29€26.85€22.002
Apr ’24€21.20
€29.62
+39.7%
0.4%€29.72€29.51€21.602
Mar ’24€21.20
€29.62
+39.7%
0.4%€29.72€29.51€21.602
Feb ’24€19.30
€25.70
+33.1%
14.0%€29.29€22.10€21.002
Jan ’24€18.10
€25.70
+42.0%
14.0%€29.29€22.10€21.602
Dec ’23€18.50
€28.01
+51.4%
6.9%€29.94€26.09€22.802
Nov ’23€18.90
€28.01
+48.2%
6.9%€29.94€26.09€22.802

Analyst Forecast: Target price is lower than the current share price.

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