TDK Corporation

DB:TDK Stock Report

Market Cap: €21.8b

TDK Valuation

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

Below Fair Value: TDK (€11.51) is trading below our estimate of fair value (€11.89)

Significantly Below Fair Value: TDK is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TDK. This is calculated by dividing TDK's market cap by their current earnings.
What is TDK's PE Ratio?
PE Ratio19.9x
EarningsJP¥176.21b
Market CapJP¥3.51t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TDK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.1x
000725 BOE Technology Group
34x43.6%CN¥154.5b
2308 Delta Electronics
27.2x15.4%NT$1.0t
6981 Murata Manufacturing
25.2x16.3%JP¥4.7t
6971 Kyocera
26x17.0%JP¥2.1t
TDK TDK
19.9x9.1%€3.5t

Price-To-Earnings vs Peers: TDK is good value based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (27.9x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TDK 19.9xIndustry Avg. 17.7xNo. of Companies15PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TDK is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the European Electronic industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is TDK'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.

TDK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ratio15.2x

Price-To-Earnings vs Fair Ratio: TDK is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).

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 TDK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.51
€14.15
+23.0%
10.2%€16.78€10.57n/a17
Nov ’25€11.08
€13.56
+22.4%
12.5%€16.29€9.65n/a17
Oct ’25€12.13
€14.19
+17.0%
13.0%€16.99€10.07n/a16
Sep ’25€12.13
€13.48
+11.1%
18.7%€16.77€7.70n/a15
Aug ’25€12.00
€12.91
+7.6%
19.9%€16.71€7.67n/a15
Jul ’25€11.50
€10.26
-10.8%
14.6%€13.28€7.29n/a17
Jun ’25€9.16
€9.98
+8.9%
12.5%€11.79€7.31n/a17
May ’25€8.35
€9.88
+18.3%
11.9%€11.25€7.34n/a17
Apr ’25€8.92
€9.89
+10.9%
14.9%€11.67€5.90n/a17
Mar ’25€9.72
€9.74
+0.2%
15.1%€11.67€5.89n/a17
Feb ’25€10.00
€9.53
-4.7%
13.7%€11.32€6.04n/a17
Jan ’25€8.52
€9.01
+5.7%
13.0%€10.41€6.10n/a17
Dec ’24€8.40
€8.60
+2.4%
12.7%€10.16€5.95n/a18
Nov ’24€7.08
€8.16
+15.3%
9.5%€9.03€6.02€11.0818
Oct ’24€6.96
€8.20
+17.8%
9.5%€9.12€6.08€12.1318
Sep ’24€6.60
€8.06
+22.1%
11.3%€9.07€5.92€12.1319
Aug ’24€7.00
€8.46
+20.8%
12.7%€10.09€6.00€12.0019
Jul ’24€7.00
€8.22
+17.5%
12.3%€10.01€5.95€11.5019
Jun ’24€7.20
€8.16
+13.4%
11.7%€9.51€6.29€9.1618
May ’24€6.16
€8.06
+30.9%
11.5%€9.46€6.26€8.3517
Apr ’24€6.47
€8.54
+32.1%
9.3%€9.81€6.59€8.9218
Mar ’24€6.37
€8.47
+32.9%
9.5%€9.74€6.54€9.7218
Feb ’24€6.54
€8.69
+33.0%
9.6%€9.90€6.64€10.0017
Jan ’24€6.07
€8.54
+40.6%
9.9%€9.66€6.49€8.5217
Dec ’23€7.14
€8.54
+19.5%
9.5%€9.57€6.52€8.4017
Nov ’23€6.22
€8.28
+33.0%
9.6%€9.43€6.42€7.0817

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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