Toray Industries, Inc.

DB:TOR1 Stock Report

Market Cap: €8.9b

Toray Industries Valuation

Is TOR1 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 TOR1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TOR1 (€5.52) is trading below our estimate of fair value (€5.53)

Significantly Below Fair Value: TOR1 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TOR1?

Key metric: As TOR1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TOR1. This is calculated by dividing TOR1's market cap by their current earnings.
What is TOR1's PE Ratio?
PE Ratio29.9x
EarningsJP¥48.55b
Market CapJP¥1.45t

Price to Earnings Ratio vs Peers

How does TOR1's PE Ratio compare to its peers?

The above table shows the PE ratio for TOR1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.8x
FPE3 Fuchs
19.1x8.9%€5.1b
SIM0 SIMONA
11.4xn/a€342.0m
EVK Evonik Industries
35.9x33.1%€8.2b
SY1 Symrise
36.9x12.6%€14.5b
TOR1 Toray Industries
29.9x20.3%€1.5t

Price-To-Earnings vs Peers: TOR1 is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the peer average (25.8x).

Price to Earnings Ratio vs Industry

How does TOR1's PE Ratio compare vs other companies in the European Chemicals Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOR1 29.9xIndustry Avg. 17.1xNo. of Companies11PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TOR1 is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the European Chemicals industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is TOR1'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.

TOR1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.9x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: TOR1 is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).

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 TOR1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.88
€5.74
+17.6%
10.9%€6.96€4.49n/a11
Oct ’25€5.21
€5.55
+6.6%
12.8%€6.95€4.06n/a12
Sep ’25€4.62
€5.56
+20.3%
12.5%€7.03€4.10n/a12
Aug ’25€4.74
€5.10
+7.7%
10.5%€5.98€3.83n/a12
Jul ’25€4.36
€5.13
+17.7%
11.0%€6.02€3.86n/a11
Jun ’25€4.58
€5.12
+11.7%
10.9%€6.05€3.82n/a12
May ’25€4.27
€5.12
+19.9%
12.7%€6.25€3.95n/a12
Apr ’25€4.38
€5.17
+18.1%
12.7%€6.29€3.97n/a12
Mar ’25€4.22
€5.25
+24.3%
14.0%€6.31€3.98n/a11
Feb ’25€4.58
€5.66
+23.5%
12.3%€6.60€4.09n/a11
Jan ’25€4.64
€5.75
+23.9%
11.5%€6.45€4.19n/a11
Dec ’24€4.70
€5.46
+16.3%
11.0%€6.14€3.99n/a12
Nov ’24€4.58
€5.66
+23.6%
9.9%€6.27€4.08€4.8812
Oct ’24€4.88
€5.72
+17.3%
9.9%€6.33€4.11€5.2112
Sep ’24€5.00
€5.58
+11.7%
11.2%€6.33€4.24€4.6212
Aug ’24€5.15
€5.63
+9.4%
11.1%€6.39€4.28€4.7412
Jul ’24€5.05
€5.59
+10.8%
10.7%€6.35€4.26€4.3613
Jun ’24€4.86
€5.78
+18.9%
12.2%€6.63€4.11€4.5813
May ’24€5.10
€6.25
+22.5%
13.1%€7.32€4.41€4.2713
Apr ’24€5.16
€6.25
+21.2%
13.1%€7.32€4.41€4.3813
Mar ’24€5.37
€6.20
+15.3%
12.1%€7.13€4.22€4.2212
Feb ’24€5.52
€6.36
+15.2%
12.2%€7.32€4.34€4.5812
Jan ’24€5.09
€6.38
+25.4%
12.0%€7.47€4.41€4.6412
Dec ’23€5.12
€6.16
+20.4%
12.0%€7.29€4.30€4.7013
Nov ’23€4.84
€6.12
+26.3%
12.0%€7.17€4.23€4.5813

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

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