Hulic Co., Ltd.

DB:87W Stock Report

Market Cap: €6.7b

Hulic Valuation

Is 87W 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 87W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 87W (€8.6) is trading below our estimate of fair value (€110.02)

Significantly Below Fair Value: 87W is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 87W?

Key metric: As 87W is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 87W. This is calculated by dividing 87W's market cap by their current earnings.
What is 87W's PE Ratio?
PE Ratio12.1x
EarningsJP¥90.52b
Market CapJP¥1.09t

Price to Earnings Ratio vs Peers

How does 87W's PE Ratio compare to its peers?

The above table shows the PE ratio for 87W vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.8x
SPB Sedlmayr Grund und Immobilien
65.6xn/a€903.2m
GWK3 GAG Immobilien
24.4xn/a€816.4m
VIH1 VIB Vermögen
3.8x-19.3%€335.2m
DWB Dinkelacker
29.3xn/a€299.9m
87W Hulic
12.1x5.9%€1.1t

Price-To-Earnings vs Peers: 87W is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (30.8x).

Price to Earnings Ratio vs Industry

How does 87W's PE Ratio compare vs other companies in the European Real Estate Industry?

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
87W 12.1xIndustry Avg. 17.8xNo. of Companies33PE01224364860+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 87W is good value based on its Price-To-Earnings Ratio (12.1x) compared to the European Real Estate industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is 87W'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.

87W PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: 87W is good value based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

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 87W forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.60
€10.03
+16.6%
5.8%€10.95€9.31n/a6
Nov ’25€8.50
€9.89
+16.4%
5.4%€10.86€9.23n/a6
Oct ’25€8.90
€10.56
+18.7%
6.6%€11.70€9.68n/a7
Sep ’25€9.25
€10.27
+11.1%
6.6%€11.38€9.41n/a7
Aug ’25€8.35
€10.08
+20.7%
5.7%€11.10€9.48n/a7
Jul ’25€8.10
€9.91
+22.4%
5.7%€10.91€9.32n/a7
Jun ’25€8.40
€10.27
+22.2%
5.4%€11.26€9.61n/a7
May ’25€8.55
€10.27
+20.1%
5.4%€11.34€9.68n/a8
Apr ’25€9.30
€10.18
+9.5%
6.0%€11.32€9.49n/a8
Mar ’25€9.15
€10.38
+13.5%
5.3%€11.28€9.71n/a8
Feb ’25€10.10
€10.22
+1.2%
7.6%€11.32€8.80n/a8
Jan ’25€9.30
€9.49
+2.1%
12.9%€11.53€7.69n/a7
Dec ’24€8.90
€8.88
-0.2%
9.9%€9.87€7.41n/a7
Nov ’24€8.65
€8.50
-1.7%
8.8%€9.72€7.53€8.508
Oct ’24€8.35
€8.33
-0.3%
7.4%€9.49€7.59€8.908
Sep ’24€8.20
€8.33
+1.6%
7.4%€9.49€7.59€9.258
Aug ’24€7.60
€8.20
+7.9%
6.4%€8.95€7.54€8.358
Jul ’24€7.65
€8.48
+10.8%
5.5%€9.37€7.90€8.108
Jun ’24€7.75
€8.50
+9.7%
4.0%€9.15€8.00€8.408
May ’24€7.70
€8.49
+10.3%
4.0%€9.15€7.99€8.558
Apr ’24€7.65
€8.94
+16.9%
3.6%€9.60€8.53€9.308
Mar ’24€7.30
€8.94
+22.5%
3.6%€9.60€8.53€9.158
Feb ’24€7.35
€8.84
+20.3%
3.4%€9.54€8.48€10.108
Jan ’24€7.25
€8.87
+22.3%
5.7%€9.92€8.32€9.308
Dec ’23€7.90
€8.86
+12.2%
3.8%€9.48€8.42€8.908
Nov ’23€7.20
€8.47
+17.6%
5.7%€9.19€7.56€8.658

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

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