Yamaha Corporation

TSE:7951 Stock Report

Market Cap: JP¥524.5b

Yamaha Valuation

Is 7951 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 7951 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 7951 (¥1074) is trading below our estimate of fair value (¥1578.84)

Significantly Below Fair Value: 7951 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7951?

Key metric: As 7951 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 7951. This is calculated by dividing 7951's market cap by their current earnings.
What is 7951's PE Ratio?
PE Ratio26.3x
EarningsJP¥19.96b
Market CapJP¥524.50b

Price to Earnings Ratio vs Peers

How does 7951's PE Ratio compare to its peers?

The above table shows the PE ratio for 7951 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
6460 Sega Sammy Holdings
14.1x2.9%JP¥568.8b
7867 TOMY Company
28.6x11.4%JP¥361.8b
6417 Sankyo
9.9x-2.7%JP¥468.9b
8022 Mizuno
12.6x8.5%JP¥184.4b
7951 Yamaha
26.3x16.0%JP¥524.5b

Price-To-Earnings vs Peers: 7951 is expensive based on its Price-To-Earnings Ratio (26.3x) compared to the peer average (16.3x).

Price to Earnings Ratio vs Industry

How does 7951's PE Ratio compare vs other companies in the JP Leisure Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
7951 26.3xIndustry Avg. 12.5xNo. of Companies3PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 7951 is expensive based on its Price-To-Earnings Ratio (26.3x) compared to the JP Leisure industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

What is 7951'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.

7951 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.3x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: 7951 is expensive based on its Price-To-Earnings Ratio (26.3x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

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 7951 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,074.00
JP¥1,279.17
+19.1%
11.9%JP¥1,583.00JP¥1,133.00n/a8
Nov ’25JP¥1,245.50
JP¥1,287.50
+3.4%
11.6%JP¥1,583.00JP¥1,133.00n/a8
Oct ’25JP¥1,254.50
JP¥1,291.67
+3.0%
11.6%JP¥1,583.00JP¥1,133.33n/a8
Sep ’25JP¥1,165.67
JP¥1,275.00
+9.4%
10.7%JP¥1,583.33JP¥1,133.33n/a8
Aug ’25JP¥1,029.00
JP¥1,312.50
+27.6%
10.5%JP¥1,633.33JP¥1,133.33n/a8
Jul ’25JP¥1,245.00
JP¥1,392.59
+11.9%
21.3%JP¥2,133.33JP¥1,133.33n/a9
Jun ’25JP¥1,189.67
JP¥1,350.00
+13.5%
21.8%JP¥2,133.33JP¥1,133.33n/a9
May ’25JP¥1,104.00
JP¥1,346.30
+21.9%
22.0%JP¥2,133.33JP¥1,133.33n/a9
Apr ’25JP¥1,092.67
JP¥1,360.42
+24.5%
22.7%JP¥2,133.33JP¥1,133.33n/a8
Mar ’25JP¥1,078.33
JP¥1,537.04
+42.5%
23.9%JP¥2,133.33JP¥1,133.33n/a9
Feb ’25JP¥1,074.67
JP¥1,550.00
+44.2%
19.7%JP¥2,066.67JP¥1,200.00n/a8
Jan ’25JP¥1,085.67
JP¥1,587.50
+46.2%
17.5%JP¥2,066.67JP¥1,266.67n/a8
Dec ’24JP¥1,135.00
JP¥1,587.50
+39.9%
17.5%JP¥2,066.67JP¥1,266.67n/a8
Nov ’24JP¥1,360.00
JP¥1,933.33
+42.2%
14.3%JP¥2,333.33JP¥1,500.00JP¥1,245.508
Oct ’24JP¥1,362.00
JP¥1,992.59
+46.3%
11.1%JP¥2,333.33JP¥1,633.33JP¥1,254.509
Sep ’24JP¥1,502.33
JP¥2,050.00
+36.5%
9.8%JP¥2,333.33JP¥1,666.67JP¥1,165.678
Aug ’24JP¥1,841.33
JP¥2,114.81
+14.9%
8.8%JP¥2,433.33JP¥1,800.00JP¥1,029.009
Jul ’24JP¥1,835.33
JP¥2,085.19
+13.6%
10.6%JP¥2,433.33JP¥1,666.67JP¥1,245.009
Jun ’24JP¥1,840.00
JP¥2,077.78
+12.9%
10.6%JP¥2,433.33JP¥1,666.67JP¥1,189.679
May ’24JP¥1,800.00
JP¥2,070.37
+15.0%
10.1%JP¥2,366.67JP¥1,666.67JP¥1,104.009
Apr ’24JP¥1,696.67
JP¥2,054.17
+21.1%
10.5%JP¥2,366.67JP¥1,666.67JP¥1,092.678
Mar ’24JP¥1,713.33
JP¥2,066.67
+20.6%
9.4%JP¥2,366.67JP¥1,766.67JP¥1,078.338
Feb ’24JP¥1,658.33
JP¥2,095.83
+26.4%
11.6%JP¥2,400.00JP¥1,766.67JP¥1,074.678
Jan ’24JP¥1,640.00
JP¥2,120.83
+29.3%
10.4%JP¥2,400.00JP¥1,766.67JP¥1,085.678
Dec ’23JP¥1,823.33
JP¥2,120.83
+16.3%
10.4%JP¥2,400.00JP¥1,766.67JP¥1,135.008
Nov ’23JP¥1,880.00
JP¥2,095.83
+11.5%
11.3%JP¥2,400.00JP¥1,666.67JP¥1,360.008

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

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