Taiheiyo Cement Corporation

DB:TIE Stock Report

Market Cap: €2.8b

Taiheiyo Cement Valuation

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

Below Fair Value: TIE (€23.4) is trading below our estimate of fair value (€33.89)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TIE. This is calculated by dividing TIE's market cap by their current earnings.
What is TIE's PE Ratio?
PE Ratio7.3x
EarningsJP¥59.85b
Market CapJP¥439.60b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TIE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.5x
STO3 Sto SE KGaA
10.6x3.5%€700.4m
HEI Heidelberg Materials
11.5x7.8%€21.3b
SDF K+S
79.2x61.1%€2.0b
NDA Aurubis
8.7x-6.2%€3.3b
TIE Taiheiyo Cement
7.3x5.8%€439.6b

Price-To-Earnings vs Peers: TIE is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (27.5x).

Price to Earnings Ratio vs Industry

How does TIE's PE Ratio compare vs other companies in the European Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TIE 7.3xIndustry Avg. 13.2xNo. of Companies10PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TIE is good value based on its Price-To-Earnings Ratio (7.3x) compared to the European Basic Materials industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is TIE'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.

TIE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio14x

Price-To-Earnings vs Fair Ratio: TIE is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (14x).

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 TIE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€23.40
€28.52
+21.9%
17.6%€34.73€18.98n/a6
Nov ’25€19.90
€27.28
+37.1%
18.2%€33.64€18.32n/a6
Oct ’25€20.80
€29.25
+40.6%
16.0%€35.66€21.39n/a6
Sep ’25€20.40
€28.61
+40.3%
15.8%€34.63€20.78n/a6
Aug ’25€23.00
€26.70
+16.1%
15.2%€31.97€19.18n/a6
Jul ’25€23.20
€26.54
+14.4%
15.0%€33.19€19.92n/a6
Jun ’25€22.60
€24.52
+8.5%
14.9%€29.36€19.73n/a6
May ’25€20.60
€23.68
+14.9%
14.4%€30.50€20.49n/a6
Apr ’25€21.00
€23.68
+12.7%
14.4%€30.50€20.49n/a6
Mar ’25€19.20
€22.04
+14.8%
4.4%€23.27€20.82n/a6
Feb ’25€18.70
€22.21
+18.8%
7.8%€24.35€18.90n/a6
Jan ’25€18.10
€22.21
+22.7%
7.8%€24.35€18.90n/a6
Dec ’24€16.70
€20.74
+24.2%
6.5%€22.63€18.35n/a6
Nov ’24€16.00
€21.46
+34.1%
6.6%€23.51€19.06€19.906
Oct ’24€16.30
€21.46
+31.6%
6.6%€23.51€19.06€20.806
Sep ’24€17.50
€21.52
+23.0%
6.5%€23.53€19.08€20.406
Aug ’24€18.70
€21.17
+13.2%
8.8%€23.64€18.40€23.006
Jul ’24€17.80
€20.62
+15.8%
13.1%€23.97€15.55€23.207
Jun ’24€15.70
€19.50
+24.2%
17.1%€24.84€13.43€22.606
May ’24€15.90
€20.37
+28.1%
15.5%€24.84€14.19€20.606
Apr ’24€17.00
€20.37
+19.8%
15.5%€24.84€14.19€21.006
Mar ’24€17.00
€17.25
+1.5%
21.4%€24.21€13.84€19.206
Feb ’24€15.30
€16.45
+7.5%
12.7%€20.36€14.14€18.706
Jan ’24€14.10
€16.03
+13.7%
13.0%€20.06€14.14€18.106
Dec ’23€14.90
€16.03
+7.6%
13.0%€20.06€14.14€16.706
Nov ’23€13.60
€15.50
+13.9%
6.5%€16.88€14.28€16.006

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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