FUJIFILM Holdings Corporation

DB:FJI Stock Report

Market Cap: €24.4b

FUJIFILM Holdings Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: FJI (€19.98) is trading above our estimate of fair value (€19.92)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FJI. This is calculated by dividing FJI's market cap by their current earnings.
What is FJI's PE Ratio?
PE Ratio16.6x
EarningsJP¥240.05b
Market CapJP¥3.99t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FJI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.2x
7751 Canon
16.3x7.4%JP¥4.9t
NTAP NetApp
20.6x5.1%US$23.8b
PSTG Pure Storage
157.1x49.3%US$20.8b
HPE Hewlett Packard Enterprise
11x0.6%US$28.5b
FJI FUJIFILM Holdings
16.6x9.5%€4.0t

Price-To-Earnings vs Peers: FJI is good value based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (51.2x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FJI 16.6xIndustry Avg. 22.3xNo. of Companies4PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FJI is good value based on its Price-To-Earnings Ratio (16.6x) compared to the Global Tech industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is FJI'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.

FJI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.6x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: FJI is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

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 FJI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€19.98
€25.46
+27.4%
9.8%€30.37€20.85n/a14
Dec ’25€21.00
€26.64
+26.9%
10.1%€31.32€21.51n/a14
Nov ’25€21.36
€25.82
+20.9%
9.3%€30.38€20.86n/a14
Oct ’25€22.90
€25.77
+12.5%
10.8%€31.24€20.83n/a14
Sep ’25€23.76
€25.40
+6.9%
10.3%€31.15€20.77n/a14
Aug ’25€20.20
€24.16
+19.6%
9.5%€28.15€19.97n/a14
Jul ’25€21.57
€23.44
+8.7%
9.7%€27.28€19.49n/a14
Jun ’25€21.18
€23.15
+9.3%
9.1%€27.40€19.57n/a14
May ’25€19.86
€23.29
+17.3%
9.7%€28.16€19.41n/a14
Apr ’25€20.86
€21.54
+3.2%
18.1%€25.58€9.55n/a13
Mar ’25€19.93
€22.32
+12.0%
10.5%€28.58€19.70n/a13
Feb ’25€19.53
€22.19
+13.6%
11.5%€29.15€18.74n/a12
Jan ’25€17.88
€22.16
+23.9%
8.7%€27.44€18.99n/a12
Dec ’24€17.77
€21.57
+21.4%
8.7%€26.54€18.37€21.0012
Nov ’24€17.45
€21.26
+21.8%
14.8%€27.43€15.40€21.3613
Oct ’24€18.17
€21.26
+17.0%
14.8%€27.43€15.40€22.9013
Sep ’24€18.13
€21.10
+16.4%
14.8%€27.52€15.45€23.7613
Aug ’24€17.40
€21.22
+22.0%
14.7%€27.69€15.55€20.2013
Jul ’24€18.01
€21.13
+17.3%
15.7%€28.07€15.76€21.5714
Jun ’24€19.09
€20.65
+8.1%
15.4%€28.74€16.14€21.1815
May ’24€15.56
€20.22
+30.0%
16.8%€29.34€16.48€19.8615
Apr ’24€15.34
€21.30
+38.9%
15.7%€30.54€17.39€20.8615
Mar ’24€14.37
€21.03
+46.3%
15.1%€29.84€16.99€19.9315
Feb ’24€15.85
€22.42
+41.4%
15.1%€30.91€16.88€19.5315
Jan ’24€15.56
€21.78
+40.0%
14.6%€29.87€16.31€17.8815
Dec ’23€17.01
€21.60
+27.0%
16.2%€29.90€16.33€17.7715

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 13:28
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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

FUJIFILM Holdings Corporation is covered by 33 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yoshitsugu SasakiAizawa Securities Co. Ltd.
Masahiro NakanomyoBarclays
Kunihiko KannoBNP Paribas Securities (Asia)