Kobe Steel, Ltd.

DB:KST Stock Report

Market Cap: €4.1b

Kobe Steel Valuation

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

Discounted Cash Flow
Simply Wall St
€9.00
Fair Value
10.5% overvalued intrinsic discount
7
Number of Analysts

Below Fair Value: KST (€9.95) is trading above our estimate of fair value (€9)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KST. This is calculated by dividing KST's market cap by their current earnings.
What is KST's PE Ratio?
PE Ratio7.6x
EarningsJP¥85.79b
Market CapJP¥654.74b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.3x
EIS Eisen- und Hüttenwerke
19.5xn/a€213.0m
NDA Aurubis
8x-3.1%€3.3b
FPE3 Fuchs
19.3x8.6%€5.0b
WCH Wacker Chemie
26.5x37.0%€3.3b
KST Kobe Steel
7.6x1.6%€654.7b

Price-To-Earnings vs Peers: KST is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (18.3x).

Price to Earnings Ratio vs Industry

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

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KST 7.6xIndustry Avg. 12.5xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KST is good value based on its Price-To-Earnings Ratio (7.6x) compared to the European Metals and Mining industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

What is KST'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.

KST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio16.5x

Price-To-Earnings vs Fair Ratio: KST is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).

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 KST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.95
€11.46
+15.2%
14.1%€14.70€9.97n/a7
Jan ’26€9.45
€12.51
+32.4%
20.1%€17.18€10.66n/a5
Dec ’25€9.42
€13.42
+42.4%
18.6%€17.16€10.65n/a5
Nov ’25€9.32
€13.16
+41.3%
16.2%€16.53€10.86n/a5
Oct ’25€10.58
€13.85
+30.9%
15.6%€17.15€11.48n/a5
Sep ’25€10.89
€13.98
+28.4%
12.6%€16.65€11.76n/a5
Aug ’25€10.99
€13.26
+20.7%
11.5%€15.69€11.08n/a6
Jul ’25€11.37
€12.88
+13.3%
10.7%€14.88€11.08n/a6
Jun ’25€11.70
€12.61
+7.9%
12.6%€14.97€9.98n/a6
May ’25€11.23
€12.63
+12.5%
13.6%€15.58€10.39n/a6
Apr ’25€12.30
€12.63
+2.7%
13.6%€15.58€10.39n/a6
Mar ’25€12.50
€12.55
+0.4%
12.4%€14.81€10.18n/a6
Feb ’25€12.60
€12.32
-2.2%
12.6%€15.03€10.33€9.956
Jan ’25€11.40
€11.87
+4.1%
15.5%€14.67€8.86€9.456
Dec ’24€10.60
€11.87
+12.0%
15.5%€14.67€8.86€9.426
Nov ’24€11.20
€12.07
+7.8%
15.3%€15.05€9.09€9.326
Oct ’24€12.10
€11.27
-6.8%
14.3%€13.28€8.22€10.586
Sep ’24€12.30
€10.50
-14.6%
14.9%€12.64€8.22€10.896
Aug ’24€9.95
€8.71
-12.4%
13.5%€10.83€6.94€10.996
Jul ’24€8.20
€8.39
+2.3%
8.4%€9.34€7.02€11.376
Jun ’24€7.35
€8.02
+9.2%
13.9%€9.71€6.36€11.706
May ’24€6.65
€7.17
+7.8%
12.7%€8.88€6.21€11.236
Apr ’24€7.17
€6.94
-3.2%
22.1%€9.17€4.23€12.306
Mar ’24€6.55
€4.85
-26.0%
20.2%€6.30€3.32€12.506
Feb ’24€4.88
€4.65
-4.6%
16.2%€5.66€3.40€12.606
Analyst Price Target
Consensus Narrative from 7 Analysts
€11.04
Fair Value
9.8% undervalued intrinsic discount
7
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 15:39
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Kobe Steel, Ltd. is covered by 26 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Toshiyuki JohnoBNP Paribas Securities (Asia)
Takashi EnomotoBofA Global Research
Toshiyuki JohnoCitigroup Global Markets Japan Inc.