Takasago Thermal Engineering Co., Ltd.

TSE:1969 Stock Report

Market Cap: JP¥395.9b

Takasago Thermal Engineering Valuation

Is 1969 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 1969 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1969 (¥5963) is trading below our estimate of fair value (¥11584.79)

Significantly Below Fair Value: 1969 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1969?

Key metric: As 1969 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1969. This is calculated by dividing 1969's market cap by their current earnings.
What is 1969's PE Ratio?
PE Ratio20.1x
EarningsJP¥19.67b
Market CapJP¥395.86b

Price to Earnings Ratio vs Peers

How does 1969's PE Ratio compare to its peers?

The above table shows the PE ratio for 1969 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.9x
5393 Nichias
13.6x4.0%JP¥386.6b
5332 Toto
18.3x6.8%JP¥685.7b
3110 Nitto Boseki
22.2x17.7%JP¥203.9b
5929 Sanwa Holdings
21.6x7.0%JP¥969.2b
1969 Takasago Thermal Engineering
20.1x6.2%JP¥395.9b

Price-To-Earnings vs Peers: 1969 is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (18.9x).

Price to Earnings Ratio vs Industry

How does 1969's PE Ratio compare vs other companies in the JP Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
1969 20.1xIndustry Avg. 11.1xNo. of Companies6PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1969 is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the JP Building industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is 1969'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.

1969 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.1x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: 1969 is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).

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 1969 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥5,963.00
JP¥6,150.00
+3.1%
29.2%JP¥9,100.00JP¥3,050.00n/a6
Nov ’25JP¥5,225.00
JP¥5,871.67
+12.4%
26.6%JP¥8,200.00JP¥3,050.00n/a6
Oct ’25JP¥5,180.00
JP¥5,871.67
+13.4%
26.6%JP¥8,200.00JP¥3,050.00n/a6
Sep ’25JP¥5,280.00
JP¥5,871.67
+11.2%
26.6%JP¥8,200.00JP¥3,050.00n/a6
Aug ’25JP¥5,710.00
JP¥5,908.33
+3.5%
24.9%JP¥7,800.00JP¥3,050.00n/a6
Jul ’25JP¥5,690.00
JP¥5,908.33
+3.8%
24.9%JP¥7,800.00JP¥3,050.00n/a6
Jun ’25JP¥6,460.00
JP¥5,100.00
-21.1%
32.9%JP¥7,800.00JP¥3,050.00n/a6
May ’25JP¥5,270.00
JP¥4,583.33
-13.0%
23.6%JP¥6,600.00JP¥3,050.00n/a6
Apr ’25JP¥4,685.00
JP¥4,583.33
-2.2%
23.6%JP¥6,600.00JP¥3,050.00n/a6
Mar ’25JP¥4,300.00
JP¥4,250.00
-1.2%
30.6%JP¥6,600.00JP¥3,050.00n/a6
Feb ’25JP¥3,430.00
JP¥3,516.67
+2.5%
16.3%JP¥4,700.00JP¥3,050.00n/a6
Jan ’25JP¥3,220.00
JP¥3,600.00
+11.8%
16.5%JP¥4,700.00JP¥3,050.00n/a5
Dec ’24JP¥3,050.00
JP¥3,416.67
+12.0%
19.9%JP¥4,700.00JP¥2,500.00n/a6
Nov ’24JP¥3,060.00
JP¥3,133.33
+2.4%
14.4%JP¥3,900.00JP¥2,500.00JP¥5,225.006
Oct ’24JP¥2,906.00
JP¥3,016.67
+3.8%
17.9%JP¥3,900.00JP¥2,350.00JP¥5,180.006
Sep ’24JP¥2,959.00
JP¥2,933.33
-0.9%
21.9%JP¥3,900.00JP¥2,000.00JP¥5,280.006
Aug ’24JP¥2,583.00
JP¥2,500.00
-3.2%
14.5%JP¥3,100.00JP¥2,000.00JP¥5,710.006
Jul ’24JP¥2,410.00
JP¥2,500.00
+3.7%
14.5%JP¥3,100.00JP¥2,000.00JP¥5,690.006
Jun ’24JP¥2,369.00
JP¥2,441.67
+3.1%
16.2%JP¥3,100.00JP¥1,900.00JP¥6,460.006
May ’24JP¥2,349.00
JP¥2,400.00
+2.2%
15.3%JP¥3,100.00JP¥1,900.00JP¥5,270.006
Apr ’24JP¥2,109.00
JP¥2,400.00
+13.8%
15.3%JP¥3,100.00JP¥1,900.00JP¥4,685.006
Mar ’24JP¥2,132.00
JP¥2,258.33
+5.9%
19.0%JP¥3,100.00JP¥1,750.00JP¥4,300.006
Feb ’24JP¥1,845.00
JP¥2,013.33
+9.1%
11.5%JP¥2,350.00JP¥1,700.00JP¥3,430.006
Jan ’24JP¥1,783.00
JP¥2,013.33
+12.9%
11.5%JP¥2,350.00JP¥1,700.00JP¥3,220.006
Dec ’23JP¥1,763.00
JP¥1,825.00
+3.5%
11.0%JP¥2,100.00JP¥1,550.00JP¥3,050.004
Nov ’23JP¥1,802.00
JP¥1,812.50
+0.6%
11.4%JP¥2,100.00JP¥1,550.00JP¥3,060.004

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

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