Internet Initiative Japan Inc.

DB:I6I Stock Report

Market Cap: €3.2b

Internet Initiative Japan Valuation

Is I6I undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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 I6I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: I6I (€17.9) is trading above our estimate of future cash flow value (€15.37)

Significantly Below Future Cash Flow Value: I6I is trading above our estimate of future cash flow value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for I6I?

Key metric: As I6I is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for I6I. This is calculated by dividing I6I's market cap by their current earnings.
What is I6I's PE Ratio?
PE Ratio24.9x
EarningsJP¥24.19b
Market CapJP¥603.35b

Price to Earnings Ratio vs Peers

How does I6I's PE Ratio compare to its peers?

The above table shows the PE ratio for I6I vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.2x
UTDI United Internet
14.4x13.22%€4.1b
O2D Telefónica Deutschland Holding
35.6xn/a€5.9b
VTWR Vantage Towers
52.4xn/a€19.5b
DTE Deutsche Telekom
14.2x10.53%€125.9b
I6I Internet Initiative Japan
24.9x9.52%€603.4b

Price-To-Earnings vs Peers: I6I is good value based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (29.2x).


Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data


Price to Earnings Ratio vs Industry

How does I6I's PE Ratio compare vs other companies in the European Telecom Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
I6I 24.9xIndustry Avg. 17.0xNo. of Companies11PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: I6I is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the European Telecom industry average (17x).


Price to Earnings Ratio vs Fair Ratio

What is I6I'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.

I6I PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.9x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: I6I is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).


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 I6I forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.90
€18.67
+4.31%
10.46%€23.14€16.14n/a9
Jul ’27€16.90
€18.51
+9.51%
8.49%€21.54€16.16n/a9
Jun ’27€16.70
€18.15
+8.70%
10.49%€21.65€14.89n/a9
May ’27€14.60
€17.53
+20.08%
14.18%€21.48€12.89n/a9
Apr ’27€13.50
€17.68
+30.95%
14.16%€21.73€13.04n/a9
Mar ’27€12.20
€18.55
+52.01%
8.73%€21.66€16.41n/a9
Feb ’27€13.40
€19.02
+41.92%
7.51%€21.73€16.84n/a8
Jan ’27€14.90
€19.40
+30.21%
7.51%€22.17€17.18n/a8
Dec ’26€15.50
€19.40
+25.17%
7.51%€22.17€17.18n/a8
Nov ’26€15.40
€19.33
+25.53%
8.20%€22.57€17.38n/a8
Oct ’26€14.60
€19.85
+35.96%
8.20%€23.17€17.84n/a8
Sep ’26€17.30
€20.02
+15.71%
8.23%€23.20€17.86n/a8
Aug ’26€16.20
€19.70
+21.62%
9.84%€23.14€17.36n/a6
Jul ’26€16.50
€19.95
+20.90%
9.67%€23.60€17.70€16.907
Jun ’26€16.90
€20.67
+22.32%
9.67%€24.45€18.34€16.707
May ’26€16.10
€20.93
+29.98%
8.64%€23.48€17.79€14.607
Apr ’26€16.10
€21.03
+30.61%
8.83%€23.54€17.84€13.507
Mar ’26€16.10
€22.84
+41.85%
3.44%€24.36€22.11€12.207
Feb ’26€17.80
€21.92
+23.17%
3.33%€23.33€21.18€13.407
Jan ’26€18.50
€22.05
+19.18%
3.33%€23.46€21.30€14.907
Dec ’25€18.80
€22.55
+19.96%
3.33%€24.00€21.79€15.507
Nov ’25€17.00
€21.70
+27.62%
3.37%€23.39€20.93€15.407
Oct ’25€18.70
€21.92
+17.19%
6.22%€24.22€19.31€14.607
Sep ’25€18.20
€21.09
+15.87%
6.68%€23.60€18.82€17.307
Aug ’25€15.10
€18.76
+24.27%
9.36%€21.90€16.54€16.207
Jul ’25€13.60
€19.09
+40.36%
7.91%€21.92€17.30€16.507
€18.25
Fair Value
1.9% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/23 02:42
End of Day Share Price 2026/07/23 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Internet Initiative Japan Inc. is covered by 18 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kirk BoodryAstris Advisory Japan, K.K.
Hiroyasu EguchiBofA Global Research
Moriya KoketsuCitigroup Inc