Micronics Japan Co., Ltd.

DB:MJ3 Stock Report

Market Cap: €884.8m

Micronics Japan Valuation

Is MJ3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 MJ3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MJ3 (€22.8) is trading below our estimate of fair value (€54.91)

Significantly Below Fair Value: MJ3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MJ3?

Key metric: As MJ3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MJ3. This is calculated by dividing MJ3's market cap by their current earnings.
What is MJ3's PE Ratio?
PE Ratio17.9x
EarningsJP¥8.14b
Market CapJP¥145.68b

Price to Earnings Ratio vs Peers

How does MJ3's PE Ratio compare to its peers?

The above table shows the PE ratio for MJ3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.5x
SMHN SÜSS MicroTec
22.2x-3.4%€952.9m
WAF Siltronic
14.7x-23.8%€1.4b
AIXA AIXTRON
15x3.5%€1.7b
S92 SMA Solar Technology
6.2x30.8%€493.1m
MJ3 Micronics Japan
17.9x27.5%€145.7b

Price-To-Earnings vs Peers: MJ3 is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the peer average (14.5x).

Price to Earnings Ratio vs Industry

How does MJ3's PE Ratio compare vs other companies in the European Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MJ3 17.9xIndustry Avg. 17.1xNo. of Companies7PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MJ3 is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the European Semiconductor industry average (17.2x).

Price to Earnings Ratio vs Fair Ratio

What is MJ3'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.

MJ3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.9x
Fair PE Ratio24.6x

Price-To-Earnings vs Fair Ratio: MJ3 is good value based on its Price-To-Earnings Ratio (17.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).

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 MJ3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€22.80
€38.07
+67.0%
6.0%€41.31€36.45n/a3
Dec ’25€23.40
€43.78
+87.1%
20.8%€56.64€37.35n/a3
Nov ’25€22.40
€43.78
+95.4%
20.8%€56.64€37.35n/a3
Oct ’25€25.20
€43.78
+73.7%
20.8%€56.64€37.35n/a3
Sep ’25€29.40
€51.83
+76.3%
20.5%€61.95€37.17n/a3
Aug ’25€35.40
€53.99
+52.5%
9.3%€58.90€47.12n/a3
Jul ’25€37.80
€53.99
+42.8%
9.3%€58.90€47.12n/a3
Jun ’25€32.80
€53.17
+62.1%
11.1%€59.08€47.26n/a2
May ’25€39.40
€51.93
+31.8%
18.3%€61.46€42.41n/a2
Apr ’25€51.00
€51.93
+1.8%
18.3%€61.46€42.41n/a2
Mar ’25€49.20
€51.93
+5.6%
18.3%€61.46€42.41n/a2
Feb ’25€29.20
€22.06
-24.5%
18.3%€26.10€18.02n/a2
Jan ’25€22.80
€19.35
-15.1%
3.3%€19.99€18.70n/a2
Dec ’24€23.40
€20.79
-11.1%
16.8%€25.69€17.74€23.403
Nov ’24€13.40
€14.54
+8.5%
12.8%€17.06€12.64€22.403
Oct ’24€13.10
€14.54
+11.0%
12.8%€17.06€12.64€25.203
Sep ’24€13.30
€14.54
+9.3%
12.8%€17.06€12.64€29.403
Aug ’24€14.10
€15.08
+7.0%
10.0%€17.21€14.02€35.403
Jul ’24€12.30
€12.70
+3.3%
33.4%€17.15€6.99€37.803
Jun ’24€11.70
€11.38
-2.7%
27.0%€15.02€7.51€32.803
May ’24€8.05
€11.38
+41.4%
27.0%€15.02€7.51€39.403
Apr ’24€8.95
€11.65
+30.1%
25.5%€15.22€7.96€51.003
Mar ’24€9.15
€11.65
+27.3%
25.5%€15.22€7.96€49.203
Feb ’24€9.55
€12.59
+31.9%
32.9%€18.02€7.97€29.203
Jan ’24€9.00
€12.59
+39.9%
32.9%€18.02€7.97€22.803
Dec ’23€10.30
€12.71
+23.4%
32.1%€17.87€7.90€23.403

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 15:57
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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

Micronics Japan Co., Ltd. is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christian DinwoodieCLSA
Daisuke TanimotoCredit Suisse
Hirokazu MitsudaDaiwa Securities Co. Ltd.