Hikari Tsushin, Inc.

TSE:9435 Stock Report

Market Cap: JP¥1.4t

Hikari Tsushin Valuation

Is 9435 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 9435 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9435 (¥32780) is trading below our estimate of fair value (¥32873.28)

Significantly Below Fair Value: 9435 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 9435?

Key metric: As 9435 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9435. This is calculated by dividing 9435's market cap by their current earnings.
What is 9435's PE Ratio?
PE Ratio13.2x
EarningsJP¥108.65b
Market CapJP¥1.44t

Price to Earnings Ratio vs Peers

How does 9435's PE Ratio compare to its peers?

The above table shows the PE ratio for 9435 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.4x
9045 Keihan Holdings
14.7x-0.6%JP¥383.3b
3105 Nisshinbo Holdings
61.4x18.9%JP¥139.3b
3167 TOKAI Holdings
14x4.9%JP¥120.7b
7744 Noritsu Koki
11.4xn/aJP¥153.3b
9435 Hikari Tsushin
13.2x1.9%JP¥1.4t

Price-To-Earnings vs Peers: 9435 is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (25.4x).

Price to Earnings Ratio vs Industry

How does 9435's PE Ratio compare vs other companies in the Asian Industrials Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
9435 13.2xIndustry Avg. 13.3xNo. of Companies17PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9435 is good value based on its Price-To-Earnings Ratio (13.2x) compared to the Asian Industrials industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is 9435'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.

9435 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio14.9x

Price-To-Earnings vs Fair Ratio: 9435 is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).

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 9435 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥32,780.00
JP¥33,473.33
+2.1%
5.2%JP¥35,700.00JP¥31,500.00n/a3
Nov ’25JP¥30,910.00
JP¥32,706.67
+5.8%
2.6%JP¥33,400.00JP¥31,500.00n/a3
Oct ’25JP¥32,420.00
JP¥30,840.00
-4.9%
7.3%JP¥33,220.00JP¥27,800.00n/a3
Sep ’25JP¥30,660.00
JP¥30,006.67
-2.1%
7.7%JP¥33,220.00JP¥27,800.00n/a3
Aug ’25JP¥27,410.00
JP¥27,746.67
+1.2%
3.8%JP¥29,000.00JP¥26,440.00n/a3
Jul ’25JP¥29,995.00
JP¥27,746.67
-7.5%
3.8%JP¥29,000.00JP¥26,440.00n/a3
Jun ’25JP¥25,740.00
JP¥27,113.33
+5.3%
5.0%JP¥29,000.00JP¥25,900.00n/a3
May ’25JP¥25,410.00
JP¥27,113.33
+6.7%
5.0%JP¥29,000.00JP¥25,900.00n/a3
Apr ’25JP¥27,695.00
JP¥26,113.33
-5.7%
0.9%JP¥26,440.00JP¥25,900.00n/a3
Mar ’25JP¥27,335.00
JP¥26,113.33
-4.5%
0.9%JP¥26,440.00JP¥25,900.00n/a3
Feb ’25JP¥25,710.00
JP¥25,530.00
-0.7%
1.8%JP¥26,000.00JP¥24,900.00n/a3
Jan ’25JP¥23,380.00
JP¥25,530.00
+9.2%
1.8%JP¥26,000.00JP¥24,900.00n/a3
Dec ’24JP¥22,755.00
JP¥25,530.00
+12.2%
1.8%JP¥26,000.00JP¥24,900.00n/a3
Nov ’24JP¥21,330.00
JP¥25,130.00
+17.8%
4.1%JP¥26,000.00JP¥23,700.00JP¥30,910.003
Oct ’24JP¥22,775.00
JP¥25,347.50
+11.3%
3.8%JP¥26,000.00JP¥23,700.00JP¥32,420.004
Sep ’24JP¥24,475.00
JP¥25,347.50
+3.6%
3.8%JP¥26,000.00JP¥23,700.00JP¥30,660.004
Aug ’24JP¥21,145.00
JP¥23,575.00
+11.5%
6.3%JP¥26,000.00JP¥22,000.00JP¥27,410.004
Jul ’24JP¥20,600.00
JP¥22,860.00
+11.0%
8.5%JP¥26,000.00JP¥20,000.00JP¥29,995.005
Jun ’24JP¥20,330.00
JP¥22,540.00
+10.9%
9.0%JP¥26,000.00JP¥20,000.00JP¥25,740.005
May ’24JP¥18,620.00
JP¥22,140.00
+18.9%
6.4%JP¥24,000.00JP¥20,000.00JP¥25,410.005
Apr ’24JP¥18,570.00
JP¥22,140.00
+19.2%
6.4%JP¥24,000.00JP¥20,000.00JP¥27,695.005
Mar ’24JP¥19,710.00
JP¥21,680.00
+10.0%
8.7%JP¥24,000.00JP¥19,100.00JP¥27,335.005
Feb ’24JP¥18,520.00
JP¥21,680.00
+17.1%
8.7%JP¥24,000.00JP¥19,100.00JP¥25,710.005
Jan ’24JP¥18,620.00
JP¥21,680.00
+16.4%
8.7%JP¥24,000.00JP¥19,100.00JP¥23,380.005
Dec ’23JP¥19,010.00
JP¥20,780.00
+9.3%
15.1%JP¥24,000.00JP¥15,500.00JP¥22,755.005
Nov ’23JP¥18,030.00
JP¥19,580.00
+8.6%
13.8%JP¥24,000.00JP¥15,500.00JP¥21,330.005

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

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