Murata Manufacturing Co., Ltd.

DB:MUR Stock Report

Market Cap: €29.6b

Murata Manufacturing Valuation

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

Below Fair Value: MUR (€7.65) is trading below our estimate of fair value (€12.58)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MUR. This is calculated by dividing MUR's market cap by their current earnings.
What is MUR's PE Ratio?
PE Ratio25.7x
EarningsJP¥186.01b
Market CapJP¥4.77t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MUR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.5x
2308 Delta Electronics
27.6x15.4%NT$1.0t
000725 BOE Technology Group
33.2x43.6%CN¥154.9b
20.4x9.1%JP¥3.6t
002475 Luxshare Precision Industry
20.9x19.7%CN¥264.8b
MUR Murata Manufacturing
25.7x16.3%€4.8t

Price-To-Earnings vs Peers: MUR is good value based on its Price-To-Earnings Ratio (25.7x) compared to the peer average (25.7x).


Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MUR 25.7xIndustry Avg. 17.8xNo. of Companies15PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MUR is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the European Electronic industry average (17.8x).


Price to Earnings Ratio vs Fair Ratio

What is MUR'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.

MUR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.7x
Fair PE Ratio17.4x

Price-To-Earnings vs Fair Ratio: MUR is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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