Ibiden Co.,Ltd.

DB:IBI Stock Report

Market Cap: €4.1b

IbidenLtd Valuation

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

Below Fair Value: IBI (€29) is trading below our estimate of fair value (€78.86)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for IBI. This is calculated by dividing IBI's market cap by their current earnings.
What is IBI's PE Ratio?
PE Ratio19.5x
EarningsJP¥34.13b
Market CapJP¥665.53b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for IBI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.4x
JEN Jenoptik
14.1x12.3%€1.2b
002841 Guangzhou Shiyuan Electronic Technology
21.5x16.8%CN¥27.0b
688183 Shengyi Electronics
140.9xn/aCN¥26.8b
S9I Stemmer Imaging
29x23.1%€349.7m
IBI IbidenLtd
19.5x17.9%€665.5b

Price-To-Earnings vs Peers: IBI is good value based on its Price-To-Earnings Ratio (19.5x) compared to the peer average (53.6x).

Price to Earnings Ratio vs Industry

How does IBI's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IBI 19.5xIndustry Avg. 17.9xNo. of Companies17PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IBI is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the European Electronic industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is IBI'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.

IBI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.5x
Fair PE Ratio16.1x

Price-To-Earnings vs Fair Ratio: IBI is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.1x).

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 IBI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€29.00
€39.90
+37.6%
18.3%€52.48€23.15n/a18
Nov ’25€28.00
€38.61
+37.9%
20.9%€51.28€20.33n/a18
Oct ’25€28.20
€42.27
+49.9%
20.2%€56.64€23.60n/a17
Sep ’25€30.80
€45.28
+47.0%
14.4%€55.65€30.30n/a16
Aug ’25€34.20
€44.85
+31.1%
12.6%€53.92€29.36n/a16
Jul ’25€37.00
€43.84
+18.5%
14.2%€52.87€28.47n/a17
Jun ’25€36.40
€44.08
+21.1%
13.6%€53.57€28.85n/a17
May ’25€35.40
€46.96
+32.7%
13.9%€54.64€29.10n/a16
Apr ’25€40.20
€52.65
+31.0%
12.9%€62.91€35.15n/a16
Mar ’25€42.00
€52.61
+25.3%
12.8%€62.63€35.00n/a16
Feb ’25€46.60
€54.19
+16.3%
12.4%€64.13€37.72n/a16
Jan ’25€48.60
€56.33
+15.9%
8.7%€64.85€44.51n/a15
Dec ’24€43.00
€56.93
+32.4%
11.2%€68.86€43.82n/a17
Nov ’24€39.00
€58.36
+49.6%
11.7%€69.51€44.23€28.0017
Oct ’24€49.20
€61.39
+24.8%
9.0%€69.79€46.32€28.2017
Sep ’24€54.00
€58.99
+9.2%
14.3%€69.52€34.76€30.8018
Aug ’24€54.50
€56.10
+2.9%
15.7%€69.75€34.87€34.2019
Jul ’24€50.00
€51.61
+3.2%
19.5%€69.88€33.67€37.0017
Jun ’24€48.60
€46.65
-4.0%
22.3%€73.36€22.68€36.4017
May ’24€34.80
€41.83
+20.2%
16.9%€53.52€23.03€35.4016
Apr ’24€35.40
€41.96
+18.5%
18.4%€54.62€23.51€40.2016
Mar ’24€32.40
€46.19
+42.6%
16.2%€58.78€24.49€42.0017
Feb ’24€35.20
€47.35
+34.5%
14.5%€59.31€28.24€46.6017
Jan ’24€33.00
€46.06
+39.6%
17.6%€58.51€24.38€48.6016
Dec ’23€39.20
€46.06
+17.5%
17.6%€58.51€24.38€43.0016
Nov ’23€33.40
€44.29
+32.6%
17.4%€57.40€23.92€39.0017

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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