AJIS Valuation

Is 4659 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 4659 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4659 (¥2488) is trading below our estimate of fair value (¥6271.48)

Significantly Below Fair Value: 4659 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4659?

Key metric: As 4659 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4659. This is calculated by dividing 4659's market cap by their current earnings.
What is 4659's PE Ratio?
PE Ratio	10.2x
Earnings	JP¥2.05b
Market Cap	JP¥20.98b

4659 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.2x
Enterprise Value/EBITDA	1.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 4659's PE Ratio compare to its peers?

The above table shows the PE ratio for 4659 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	13.6x
2185 CMC	9.2x	n/a	JP¥19.0b
9788 Nac	19.5x	n/a	JP¥24.7b
4771 F&MLtd	16.1x	n/a	JP¥22.3b
9368 Kimura Unity	9.5x	n/a	JP¥31.7b
4659 AJIS	10.2x	n/a	JP¥21.0b

Price-To-Earnings vs Peers: 4659 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (13.6x).

Price to Earnings Ratio vs Industry

How does 4659's PE Ratio compare vs other companies in the JP Commercial Services Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
7997 Kurogane Kosakusho	1.3x	n/a	US$8.18m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 4659 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the JP Commercial Services industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is 4659'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.

4659 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 4659's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.