Baroque Japan Valuation

Q: What is the Fair Price of 3548 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

3548 (¥777) is trading above our estimate of [[fair value]] (¥187.01)

Is 3548 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3548 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3548 (¥777) is trading above our estimate of fair value (¥187.01)

Significantly Below Fair Value: 3548 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3548?

Key metric: As 3548 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3548. This is calculated by dividing 3548's market cap by their current revenue.
What is 3548's PS Ratio?
PS Ratio	0.5x
Sales	JP¥59.56b
Market Cap	JP¥27.95b

3548 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	0.5x
Enterprise Value/EBITDA	14x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 3548's PS Ratio compare to its peers?

The above table shows the PS ratio for 3548 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.3x
3597 JICHODOLtd	1.7x	n/a	JP¥27.0b
7769 RhythmLtd	0.9x	n/a	JP¥30.5b
7937 Tsutsumi JewelryLtd	1.5x	n/a	JP¥32.9b
8008 Yondoshi Holdings	1x	4.5%	JP¥39.3b
3548 Baroque Japan	0.5x	n/a	JP¥27.9b

Price-To-Sales vs Peers: 3548 is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does 3548's PS Ratio compare vs other companies in the JP Luxury Industry?

0 Companies	Price / Sales	Estimated Growth	Market Cap

No more companies available in this PS range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 3548 is good value based on its Price-To-Sales Ratio (0.5x) compared to the JP Luxury industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is 3548's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3548 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3548's Price-To-Sales 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.