FUJIFILM Holdings Corporation

DB:FJI Stock Report

Market Cap: €25.6b

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 (€20.81) is trading above our estimate of fair value (€19.96)

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?

Other financial metrics that can be useful for relative valuation.

FJI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA10.6x
PEG Ratio1.9x

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 Average19.6x
7751 Canon
15.8x7.5%JP¥4.7t
HPE Hewlett Packard Enterprise
15.4x6.0%US$28.6b
NTAP NetApp
23x7.1%US$25.4b
2382 Quanta Computer
24x19.6%NT$1.2t
FJI FUJIFILM Holdings
17.4x9.3%€4.2t

Price-To-Earnings vs Peers: FJI is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (19.8x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.4%
n/an/an/a
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Price-To-Earnings vs Industry: FJI is good value based on its Price-To-Earnings Ratio (17.4x) compared to the Global Tech industry average (22.6x).


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 Ratio17.4x
Fair PE Ratio14.7x

Price-To-Earnings vs Fair Ratio: FJI is expensive based on its Price-To-Earnings Ratio (17.4x) compared to the estimated Fair Price-To-Earnings Ratio (14.7x).


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€20.81
€25.88
+24.4%
9.1%€30.30€20.80n/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€18.37n/a12
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
Nov ’23€15.35
€21.82
+42.2%
15.6%€30.09€16.44€17.4515

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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