Wacom Co., Ltd.

DB:11W Stock Report

Market Cap: €630.5m

Wacom Valuation

Is 11W 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 11W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 11W (€4.32) is trading below our estimate of fair value (€7.01)

Significantly Below Fair Value: 11W is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 11W?

Key metric: As 11W is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 11W. This is calculated by dividing 11W's market cap by their current earnings.
What is 11W's PE Ratio?
PE Ratio23.9x
EarningsJP¥4.23b
Market CapJP¥101.11b

Price to Earnings Ratio vs Peers

How does 11W's PE Ratio compare to its peers?

The above table shows the PE ratio for 11W vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.7x
S9I Stemmer Imaging
42.6x37.2%€348.4m
JEN Jenoptik
14.2x12.3%€1.2b
FEW Funkwerk
9.9xn/a€160.4m
6579 AAEON Technology
28.1xn/aNT$20.9b
11W Wacom
23.9x17.9%€101.1b

Price-To-Earnings vs Peers: 11W is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (23.8x).

Price to Earnings Ratio vs Industry

How does 11W's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
11W 23.9xIndustry Avg. 22.6xNo. of Companies3PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 11W is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the Global Tech industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is 11W'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.

11W PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.9x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: 11W is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).

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 11W forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.32
€5.59
+29.3%
11.4%€6.22€4.95n/a2
Nov ’25€4.18
€5.56
+32.9%
11.4%€6.19€4.93n/a2
Oct ’25€4.12
€5.55
+34.7%
11.4%€6.18€4.92n/a2
Sep ’25€4.22
€5.55
+31.5%
11.4%€6.18€4.92n/a2
Aug ’25€4.20
€5.55
+32.1%
11.4%€6.18€4.92n/a2
Jul ’25€4.34
€5.01
+15.5%
21.9%€6.11€3.91n/a2
Jun ’25€4.06
€5.01
+23.4%
21.9%€6.11€3.91n/a2
May ’25€3.52
€4.84
+37.4%
17.0%€5.66€4.02n/a2
Sep ’24€3.70
€6.70
+81.0%
19.0%€7.97€5.42€4.222
Aug ’24€3.86
€7.54
+95.3%
8.7%€8.20€6.88€4.202
May ’24€4.46
€8.12
+82.1%
8.7%€8.83€7.42€3.522
Apr ’24€4.64
€8.12
+75.1%
8.7%€8.83€7.42€3.862
Mar ’24€4.40
€8.12
+84.6%
8.7%€8.83€7.42€3.782

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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