Nichias Corporation

TSE:5393 Stock Report

Market Cap: JP¥386.6b

Nichias Valuation

Is 5393 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 5393 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5393 (¥5883) is trading below our estimate of fair value (¥5998.36)

Significantly Below Fair Value: 5393 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 5393?

Key metric: As 5393 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5393. This is calculated by dividing 5393's market cap by their current earnings.
What is 5393's PE Ratio?
PE Ratio13.6x
EarningsJP¥28.44b
Market CapJP¥386.59b

Price to Earnings Ratio vs Peers

How does 5393's PE Ratio compare to its peers?

The above table shows the PE ratio for 5393 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.6x
1969 Takasago Thermal Engineering
20.1x6.2%JP¥395.9b
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
5393 Nichias
13.6x4.0%JP¥386.6b

Price-To-Earnings vs Peers: 5393 is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (20.6x).

Price to Earnings Ratio vs Industry

How does 5393'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
5393 13.6xIndustry Avg. 11.1xNo. of Companies6PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 5393 is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the JP Building industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is 5393'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.

5393 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio13.3x

Price-To-Earnings vs Fair Ratio: 5393 is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).

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 5393 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥5,883.00
JP¥6,166.67
+4.8%
2.0%JP¥6,300.00JP¥6,000.00n/a3
Nov ’25JP¥5,413.00
JP¥6,166.67
+13.9%
2.0%JP¥6,300.00JP¥6,000.00n/a3
Oct ’25JP¥5,810.00
JP¥6,100.00
+5.0%
1.6%JP¥6,200.00JP¥6,000.00n/a2
Sep ’25JP¥5,660.00
JP¥6,100.00
+7.8%
1.6%JP¥6,200.00JP¥6,000.00n/a2
Aug ’25JP¥4,705.00
JP¥5,150.00
+9.5%
2.9%JP¥5,300.00JP¥5,000.00n/a2
Jul ’25JP¥4,755.00
JP¥4,566.67
-4.0%
18.3%JP¥5,300.00JP¥3,400.00n/a3
Jun ’25JP¥4,755.00
JP¥4,200.00
-11.7%
15.6%JP¥5,000.00JP¥3,400.00n/a3
May ’25JP¥4,250.00
JP¥4,100.00
-3.5%
13.1%JP¥4,700.00JP¥3,400.00n/a3
Apr ’25JP¥3,995.00
JP¥4,100.00
+2.6%
13.1%JP¥4,700.00JP¥3,400.00n/a3
Mar ’25JP¥3,920.00
JP¥3,700.00
-5.6%
9.6%JP¥4,200.00JP¥3,400.00n/a3
Feb ’25JP¥3,440.00
JP¥3,500.00
+1.7%
2.3%JP¥3,600.00JP¥3,400.00n/a3
Jan ’25JP¥3,390.00
JP¥3,500.00
+3.2%
2.3%JP¥3,600.00JP¥3,400.00n/a3
Dec ’24JP¥3,160.00
JP¥3,350.00
+6.0%
8.5%JP¥3,600.00JP¥2,950.00n/a3
Nov ’24JP¥3,040.00
JP¥3,350.00
+10.2%
8.5%JP¥3,600.00JP¥2,950.00JP¥5,413.003
Oct ’24JP¥3,065.00
JP¥3,350.00
+9.3%
8.5%JP¥3,600.00JP¥2,950.00JP¥5,810.003
Sep ’24JP¥3,055.00
JP¥3,350.00
+9.7%
8.5%JP¥3,600.00JP¥2,950.00JP¥5,660.003
Aug ’24JP¥2,910.00
JP¥3,216.67
+10.5%
7.0%JP¥3,500.00JP¥2,950.00JP¥4,705.003
Jul ’24JP¥2,990.00
JP¥3,150.00
+5.4%
9.8%JP¥3,500.00JP¥2,750.00JP¥4,755.003
Jun ’24JP¥2,698.00
JP¥3,083.33
+14.3%
10.1%JP¥3,500.00JP¥2,750.00JP¥4,755.003
May ’24JP¥2,755.00
JP¥3,050.00
+10.7%
8.8%JP¥3,400.00JP¥2,750.00JP¥4,250.003
Apr ’24JP¥2,661.00
JP¥3,050.00
+14.6%
8.8%JP¥3,400.00JP¥2,750.00JP¥3,995.003
Mar ’24JP¥2,704.00
JP¥3,033.33
+12.2%
9.5%JP¥3,400.00JP¥2,700.00JP¥3,920.003
Feb ’24JP¥2,459.00
JP¥2,866.67
+16.6%
4.4%JP¥3,000.00JP¥2,700.00JP¥3,440.003
Jan ’24JP¥2,362.00
JP¥2,976.67
+26.0%
1.9%JP¥3,030.00JP¥2,900.00JP¥3,390.003
Dec ’23JP¥2,436.00
JP¥2,976.67
+22.2%
1.9%JP¥3,030.00JP¥2,900.00JP¥3,160.003
Nov ’23JP¥2,263.00
JP¥3,110.00
+37.4%
6.8%JP¥3,400.00JP¥2,900.00JP¥3,040.003

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

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