Seiko Epson Corporation

DB:SE7 Stock Report

Market Cap: €5.4b

Seiko Epson Valuation

Is SE7 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 SE7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SE7 (€16) is trading below our estimate of fair value (€23.3)

Significantly Below Fair Value: SE7 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SE7?

Key metric: As SE7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SE7. This is calculated by dividing SE7's market cap by their current earnings.
What is SE7's PE Ratio?
PE Ratio18x
EarningsJP¥48.42b
Market CapJP¥869.33b

Price to Earnings Ratio vs Peers

How does SE7's PE Ratio compare to its peers?

The above table shows the PE ratio for SE7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22x
JEN Jenoptik
14.1x12.3%€1.2b
2356 Inventec
26.6x20.4%NT$183.0b
7752 Ricoh Company
25x19.0%JP¥945.6b
6448 Brother Industries
22.3x13.3%JP¥688.2b
SE7 Seiko Epson
18x14.2%€869.3b

Price-To-Earnings vs Peers: SE7 is good value based on its Price-To-Earnings Ratio (18x) compared to the peer average (22x).

Price to Earnings Ratio vs Industry

How does SE7's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SE7 18.0xIndustry Avg. 22.0xNo. of Companies3PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SE7 is good value based on its Price-To-Earnings Ratio (18x) compared to the Global Tech industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is SE7'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.

SE7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18x
Fair PE Ratio14x

Price-To-Earnings vs Fair Ratio: SE7 is expensive based on its Price-To-Earnings Ratio (18x) compared to the estimated Fair Price-To-Earnings Ratio (14x).

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 SE7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€16.00
€15.03
-6.1%
17.3%€19.58€11.93n/a8
Nov ’25€16.30
€14.59
-10.5%
15.6%€18.10€11.76n/a8
Oct ’25€16.20
€14.96
-7.7%
15.6%€18.84€12.25n/a8
Sep ’25€16.60
€14.65
-11.8%
15.6%€18.46€12.00n/a8
Aug ’25€15.40
€13.95
-9.4%
18.3%€18.46€11.25n/a8
Jul ’25€14.30
€13.95
-2.5%
18.3%€18.46€11.25n/a8
Jun ’25€14.60
€14.27
-2.3%
17.8%€18.78€11.45n/a8
May ’25€15.30
€14.59
-4.6%
17.4%€18.95€11.54n/a7
Apr ’25€15.80
€14.74
-6.7%
19.8%€19.83€11.77n/a7
Mar ’25€15.00
€14.58
-2.8%
18.7%€19.74€11.72n/a8
Feb ’25€13.80
€14.28
+3.5%
17.0%€18.62€11.17n/a8
Jan ’25€13.30
€14.91
+12.1%
16.5%€19.28€11.57n/a8
Dec ’24€13.20
€14.44
+9.4%
15.8%€18.78€11.27n/a9
Nov ’24€12.70
€14.86
+17.0%
19.8%€20.88€11.39€16.309
Oct ’24€14.60
€14.54
-0.4%
22.9%€20.94€10.15€16.209
Sep ’24€14.30
€14.54
+1.7%
22.9%€20.94€10.15€16.609
Aug ’24€15.00
€14.87
-0.9%
24.8%€21.73€10.23€15.409
Jul ’24€14.00
€14.63
+4.5%
25.1%€21.60€10.16€14.309
Jun ’24€14.00
€15.20
+8.6%
25.5%€23.14€10.89€14.6010
May ’24€13.70
€14.55
+6.2%
24.9%€22.65€10.66€15.3010
Apr ’24€12.75
€15.61
+22.5%
25.3%€23.94€11.27€15.809
Mar ’24€12.76
€15.74
+23.4%
24.0%€23.66€11.83€15.009
Feb ’24€13.09
€16.49
+26.0%
23.6%€24.43€12.22€13.809
Jan ’24€13.40
€15.90
+18.7%
23.8%€23.53€11.76€13.309
Dec ’23€14.60
€16.10
+10.3%
22.9%€23.58€11.79€13.209
Nov ’23€13.71
€15.95
+16.4%
23.4%€23.15€11.57€12.709

Analyst Forecast: Target price is lower than the current share price.

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