Ryohin Keikaku Co., Ltd.

DB:3RK Stock Report

Market Cap: €5.6b

Ryohin Keikaku Valuation

Is 3RK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 3RK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3RK (€20.6) is trading above our estimate of fair value (€11.57)

Significantly Below Fair Value: 3RK is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3RK?

Key metric: As 3RK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3RK. This is calculated by dividing 3RK's market cap by their current earnings.
What is 3RK's PE Ratio?
PE Ratio21.9x
EarningsJP¥41.57b
Market CapJP¥912.23b

Price to Earnings Ratio vs Peers

How does 3RK's PE Ratio compare to its peers?

The above table shows the PE ratio for 3RK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.3x
ECK LUDWIG BECK am Rathauseck - Textilhaus Feldmeier
101.6xn/a€53.9m
FIE Fielmann Group
24.4x18.9%€3.4b
ZAL Zalando
41.5x21.6%€8.5b
HBM HORNBACH Baumarkt
25.8xn/a€1.9b
3RK Ryohin Keikaku
21.9x5.7%€912.2b

Price-To-Earnings vs Peers: 3RK is good value based on its Price-To-Earnings Ratio (21.9x) compared to the peer average (48.3x).

Price to Earnings Ratio vs Industry

How does 3RK's PE Ratio compare vs other companies in the Global Multiline Retail Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3RK 21.9xIndustry Avg. 22.1xNo. of Companies24PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3RK is good value based on its Price-To-Earnings Ratio (21.9x) compared to the Global Multiline Retail industry average (22.1x).

Price to Earnings Ratio vs Fair Ratio

What is 3RK'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.

3RK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.9x
Fair PE Ratio12.9x

Price-To-Earnings vs Fair Ratio: 3RK is expensive based on its Price-To-Earnings Ratio (21.9x) compared to the estimated Fair Price-To-Earnings Ratio (12.9x).

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 3RK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€20.60
€22.25
+8.0%
13.6%€26.20€16.84n/a13
Dec ’25€18.90
€20.47
+8.3%
12.2%€24.70€16.67n/a13
Nov ’25€14.60
€19.68
+34.8%
11.4%€24.13€16.29n/a13
Oct ’25€16.20
€20.70
+27.8%
10.9%€24.23€17.21n/a13
Sep ’25€16.70
€19.40
+16.2%
10.3%€23.38€15.38n/a13
Aug ’25€16.40
€18.78
+14.5%
10.2%€22.80€15.00n/a13
Jul ’25€15.00
€17.42
+16.1%
8.9%€19.98€14.69n/a13
Jun ’25€14.80
€17.09
+15.4%
9.8%€19.92€14.06n/a13
May ’25€14.90
€17.04
+14.4%
8.4%€19.44€14.58n/a13
Apr ’25€14.80
€17.00
+14.9%
8.5%€19.29€14.69n/a13
Mar ’25€14.50
€17.02
+17.4%
9.3%€19.68€13.75n/a13
Feb ’25€13.90
€17.02
+22.5%
9.3%€19.68€13.75n/a13
Jan ’25€14.70
€16.43
+11.8%
10.5%€19.99€13.54n/a13
Dec ’24€15.00
€14.87
-0.8%
12.2%€19.00€11.95€18.9014
Nov ’24€12.90
€14.75
+14.3%
8.2%€16.74€12.32€14.6014
Oct ’24€12.00
€13.72
+14.3%
7.9%€15.86€11.80€16.2013
Sep ’24€11.70
€12.61
+7.8%
14.9%€15.12€9.33€16.7013
Aug ’24€11.70
€11.89
+1.6%
14.6%€14.06€9.46€16.4012
Jul ’24€8.85
€11.14
+25.9%
11.4%€12.89€9.02€15.0012
Jun ’24€9.00
€11.68
+29.7%
10.7%€13.41€9.38€14.8012
May ’24€9.30
€11.69
+25.7%
10.4%€13.55€9.48€14.9012
Apr ’24€10.10
€11.78
+16.6%
9.9%€13.19€9.44€14.8012
Mar ’24€9.05
€11.99
+32.5%
10.9%€14.00€9.52€14.5012
Feb ’24€9.75
€12.28
+26.0%
10.7%€14.13€9.61€13.9012
Jan ’24€10.70
€12.26
+14.5%
15.1%€14.86€9.27€14.7012
Dec ’23€9.95
€11.56
+16.2%
15.7%€14.30€8.92€15.0012

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 Analysis2024/12/22 23:14
End of Day Share Price 2024/12/20 00:00
Earnings2024/08/31
Annual Earnings2024/08/31

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

Ryohin Keikaku Co., Ltd. is covered by 29 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maki ShinozakiBarclays
Harrison BatesBNP Paribas Securities (Asia)
Arashi NishizawaBofA Global Research