UACJ Corporation

DB:F4M Stock Report

Market Cap: €1.7b

UACJ Valuation

Is F4M undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 F4M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: F4M (€33.8) is trading below our estimate of fair value (€49.74)

Significantly Below Fair Value: F4M is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for F4M?

Key metric: As F4M is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for F4M. This is calculated by dividing F4M's market cap by their current earnings.
What is F4M's PE Ratio?
PE Ratio10.4x
EarningsJP¥26.02b
Market CapJP¥270.25b

Price to Earnings Ratio vs Peers

How does F4M's PE Ratio compare to its peers?

The above table shows the PE ratio for F4M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.8x
NDA Aurubis
9x-6.2%€3.4b
SDF K+S
78.9x61.1%€2.0b
STO3 Sto SE KGaA
11x3.5%€723.6m
WCH Wacker Chemie
28.3x37.0%€3.5b
F4M UACJ
10.4x5.2%€270.3b

Price-To-Earnings vs Peers: F4M is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

How does F4M's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
F4M 10.4xIndustry Avg. 12.1xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: F4M is good value based on its Price-To-Earnings Ratio (10.4x) compared to the European Metals and Mining industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is F4M'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.

F4M PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.4x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: F4M is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).

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 F4M forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€33.80
€33.66
-0.4%
12.5%€38.91€28.10n/a6
Nov ’25€28.60
€32.89
+15.0%
11.2%€36.61€27.83n/a6
Oct ’25€30.80
€33.83
+9.8%
11.2%€37.66€28.63n/a6
Sep ’25€30.40
€32.23
+6.0%
9.9%€38.09€29.20n/a6
Aug ’25€25.00
€30.06
+20.2%
9.9%€35.53€27.24n/a6
Jul ’25€22.20
€29.64
+33.5%
9.8%€34.94€26.79n/a6
Jun ’25€25.80
€30.07
+16.5%
9.4%€35.15€26.95n/a6
May ’25€28.20
€29.02
+2.9%
3.9%€30.69€27.68n/a6
Apr ’25€25.80
€26.88
+4.2%
17.0%€31.17€17.11n/a6
Mar ’25€24.60
€26.14
+6.2%
15.9%€30.09€17.19n/a6
Feb ’25€25.40
€24.72
-2.7%
14.9%€27.98€17.61n/a6
Jan ’25€24.20
€22.66
-6.3%
14.9%€27.89€17.55n/a6
Dec ’24€21.40
€21.25
-0.7%
11.3%€24.70€17.29n/a6
Nov ’24€18.80
€20.65
+9.8%
9.0%€23.33€17.66€28.606
Oct ’24€19.40
€20.53
+5.8%
10.0%€23.49€17.78€30.806
Sep ’24€19.60
€19.68
+0.4%
7.4%€22.43€17.94€30.406
Aug ’24€17.80
€20.11
+13.0%
7.8%€22.56€18.04€25.007
Jul ’24€16.80
€20.11
+19.7%
7.8%€22.56€18.04€22.207
Jun ’24€16.80
€20.53
+22.2%
9.1%€23.46€18.10€25.807
May ’24€17.80
€21.05
+18.2%
8.9%€23.71€18.29€28.206
Apr ’24€17.80
€21.77
+22.3%
9.1%€24.88€19.19€25.807
Mar ’24€18.60
€21.93
+17.9%
10.2%€25.46€19.20€24.607
Feb ’24€16.60
€21.93
+32.1%
10.4%€25.22€19.02€25.407
Jan ’24€15.40
€22.27
+44.6%
10.4%€25.20€19.00€24.207
Dec ’23€16.10
€21.55
+33.8%
7.0%€23.80€19.72€21.407
Nov ’23€14.50
€21.55
+48.6%
7.0%€23.80€19.72€18.807

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

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