ASICS Valuation

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

ASI (€18.6) is trading above our estimate of [[fair value]] (€11.18)

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

Below Fair Value: ASI (€18.6) is trading above our estimate of fair value (€11.18)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ASI. This is calculated by dividing ASI's market cap by their current earnings.
What is ASI's PE Ratio?
PE Ratio	35.9x
Earnings	JP¥59.93b
Market Cap	JP¥2.15t

ASI 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/Revenue	3.3x
Enterprise Value/EBITDA	20x
PEG Ratio	4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	41x
PUM PUMA	25.6x	18.6%	€6.6b
ADS adidas	104.6x	38.1%	€39.8b
BOSS Hugo Boss	10.3x	13.1%	€2.2b
300979 Huali Industrial Group	23.4x	13.7%	CN¥88.1b
ASI ASICS	35.9x	9.0%	€2.1t

Price-To-Earnings vs Peers: ASI is good value based on its Price-To-Earnings Ratio (35.9x) compared to the peer average (41x).

Price to Earnings Ratio vs Industry

How does ASI's PE Ratio compare vs other companies in the European Luxury Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ASI is expensive based on its Price-To-Earnings Ratio (35.9x) compared to the European Luxury industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is ASI'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.

ASI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	35.9x
Fair PE Ratio	20x

Price-To-Earnings vs Fair Ratio: ASI is expensive based on its Price-To-Earnings Ratio (35.9x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.