Toho Titanium Co., Ltd.

DB:40A Stock Report

Market Cap: €454.2m

Toho Titanium Valuation

Is 40A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 40A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 40A (€6) is trading below our estimate of fair value (€9.22)

Significantly Below Fair Value: 40A is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 40A?

Key metric: As 40A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 40A. This is calculated by dividing 40A's market cap by their current earnings.
What is 40A's PE Ratio?
PE Ratio20.9x
EarningsJP¥3.50b
Market CapJP¥73.24b

Price to Earnings Ratio vs Peers

How does 40A's PE Ratio compare to its peers?

The above table shows the PE ratio for 40A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.1x
EIS Eisen- und Hüttenwerke
18.5xn/a€202.4m
SIM0 SIMONA
11.5xn/a€339.0m
ACT AlzChem Group
12.1x12.6%€606.5m
UZU Uzin Utz
10.5x2.1%€250.2m
40A Toho Titanium
20.9x23.6%€73.2b

Price-To-Earnings vs Peers: 40A is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (13.1x).

Price to Earnings Ratio vs Industry

How does 40A's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
40A 20.9xIndustry Avg. 11.8xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 40A is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the European Metals and Mining industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is 40A'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.

40A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.9x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: 40A is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

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 40A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.00
€10.08
+68.0%
21.2%€12.22€7.94n/a2
Nov ’25€5.80
€10.02
+72.8%
21.2%€12.15€7.90n/a2
Oct ’25€6.65
€10.36
+55.8%
21.2%€12.56€8.17n/a2
Sep ’25€7.35
€10.94
+48.8%
26.8%€13.86€8.01n/a2
Aug ’25€8.05
€10.18
+26.5%
26.8%€12.91€7.46n/a2
Jul ’25€8.20
€10.42
+27.1%
26.8%€13.21€7.63n/a2
Jun ’25€7.40
€10.42
+40.8%
26.8%€13.21€7.63n/a2
May ’25€7.90
€13.93
+76.4%
20.9%€16.84€11.02n/a2
Apr ’25€9.35
€13.93
+49.0%
20.9%€16.84€11.02n/a2
Mar ’25€9.95
€13.93
+40.0%
20.9%€16.84€11.02n/a2
Feb ’25€11.90
€14.52
+22.0%
18.3%€17.18€11.87n/a2
Jan ’25€11.80
€14.64
+24.1%
18.3%€17.32€11.97n/a2
Dec ’24€11.70
€14.64
+25.1%
18.3%€17.32€11.97n/a2
Nov ’24€12.10
€14.64
+21.0%
18.3%€17.32€11.97€5.802
Oct ’24€11.10
€15.71
+41.5%
24.0%€19.48€11.94€6.652
Sep ’24€12.50
€15.71
+25.6%
24.0%€19.48€11.94€7.352
Aug ’24€12.80
€17.70
+38.3%
17.7%€20.74€13.38€8.053
Jul ’24€10.80
€17.70
+63.9%
17.7%€20.74€13.38€8.203
Jun ’24€12.60
€19.81
+57.2%
7.2%€21.57€18.09€7.403
May ’24€13.20
€19.81
+50.1%
7.2%€21.57€18.09€7.903
Apr ’24€14.80
€19.81
+33.9%
7.2%€21.57€18.09€9.353
Mar ’24€13.30
€19.81
+49.0%
7.2%€21.57€18.09€9.953
Feb ’24€16.40
€22.86
+39.4%
7.0%€24.47€20.68€11.903
Jan ’24€19.30
€22.86
+18.5%
7.0%€24.47€20.68€11.803
Dec ’23€18.70
€21.71
+16.1%
6.3%€23.63€20.64€11.703
Nov ’23€16.10
€21.20
+31.7%
7.2%€23.33€19.90€12.103

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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