H.I.S. Co., Ltd.

TSE:9603 Stock Report

Market Cap: JP¥131.3b

H.I.S Valuation

Is 9603 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 9603 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9603 (¥1757) is trading below our estimate of fair value (¥2209.9)

Significantly Below Fair Value: 9603 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9603?

Key metric: As 9603 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9603. This is calculated by dividing 9603's market cap by their current earnings.
What is 9603's PE Ratio?
PE Ratio19x
EarningsJP¥6.90b
Market CapJP¥131.29b

Price to Earnings Ratio vs Peers

How does 9603's PE Ratio compare to its peers?

The above table shows the PE ratio for 9603 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.6x
9722 Fujita Kanko
12.8x4.7%JP¥113.5b
9708 Imperial Hotel
41.7x-8.0%JP¥113.1b
9616 Kyoritsu Maintenance
13.6x6.1%JP¥210.4b
4681 Resorttrust
18.2x3.6%JP¥314.8b
9603 H.I.S
19x13.7%JP¥131.3b

Price-To-Earnings vs Peers: 9603 is good value based on its Price-To-Earnings Ratio (19x) compared to the peer average (21.6x).

Price to Earnings Ratio vs Industry

How does 9603's PE Ratio compare vs other companies in the JP Hospitality Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
7625 Global-Dining
3.9xn/aUS$24.85m
5534 Angel Group
2.9xn/aUS$22.19m
No more companies available in this PE range
9603 19.0xIndustry Avg. 21.6xNo. of Companies16PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9603 is good value based on its Price-To-Earnings Ratio (19x) compared to the JP Hospitality industry average (21.6x).

Price to Earnings Ratio vs Fair Ratio

What is 9603'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.

9603 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: 9603 is good value based on its Price-To-Earnings Ratio (19x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).

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 9603 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,757.00
JP¥1,896.67
+7.9%
10.2%JP¥2,200.00JP¥1,600.00n/a6
Nov ’25JP¥1,771.00
JP¥1,896.67
+7.1%
10.2%JP¥2,200.00JP¥1,600.00n/a6
Oct ’25JP¥1,692.00
JP¥1,896.67
+12.1%
10.2%JP¥2,200.00JP¥1,600.00n/a6
Sep ’25JP¥1,905.00
JP¥1,880.00
-1.3%
9.0%JP¥2,100.00JP¥1,600.00n/a6
Aug ’25JP¥1,737.00
JP¥1,913.33
+10.2%
8.9%JP¥2,100.00JP¥1,600.00n/a6
Jul ’25JP¥1,620.00
JP¥1,913.33
+18.1%
8.9%JP¥2,100.00JP¥1,600.00n/a6
Jun ’25JP¥1,713.00
JP¥1,878.33
+9.7%
11.2%JP¥2,100.00JP¥1,570.00n/a6
May ’25JP¥1,732.00
JP¥1,878.33
+8.4%
11.2%JP¥2,100.00JP¥1,570.00n/a6
Apr ’25JP¥1,912.00
JP¥1,861.67
-2.6%
11.0%JP¥2,100.00JP¥1,570.00n/a6
Mar ’25JP¥1,689.00
JP¥1,841.67
+9.0%
8.6%JP¥2,000.00JP¥1,600.00n/a6
Feb ’25JP¥1,787.00
JP¥1,850.00
+3.5%
8.0%JP¥2,000.00JP¥1,600.00n/a7
Jan ’25JP¥1,821.00
JP¥1,850.00
+1.6%
8.0%JP¥2,000.00JP¥1,600.00n/a7
Dec ’24JP¥1,716.00
JP¥1,885.71
+9.9%
7.7%JP¥2,100.00JP¥1,600.00n/a7
Nov ’24JP¥1,681.00
JP¥1,885.71
+12.2%
7.7%JP¥2,100.00JP¥1,600.00JP¥1,771.007
Oct ’24JP¥1,806.00
JP¥1,885.71
+4.4%
7.7%JP¥2,100.00JP¥1,600.00JP¥1,692.007
Sep ’24JP¥1,988.00
JP¥1,885.71
-5.1%
7.7%JP¥2,100.00JP¥1,600.00JP¥1,905.007
Aug ’24JP¥2,056.00
JP¥1,885.71
-8.3%
7.7%JP¥2,100.00JP¥1,600.00JP¥1,737.007
Jul ’24JP¥2,038.00
JP¥1,858.33
-8.8%
7.0%JP¥2,000.00JP¥1,600.00JP¥1,620.006
Jun ’24JP¥1,930.00
JP¥1,858.33
-3.7%
7.0%JP¥2,000.00JP¥1,600.00JP¥1,713.006
May ’24JP¥2,074.00
JP¥1,858.33
-10.4%
7.0%JP¥2,000.00JP¥1,600.00JP¥1,732.006
Apr ’24JP¥1,999.00
JP¥1,858.33
-7.0%
7.0%JP¥2,000.00JP¥1,600.00JP¥1,912.006
Mar ’24JP¥2,052.00
JP¥1,883.33
-8.2%
7.8%JP¥2,000.00JP¥1,600.00JP¥1,689.006
Feb ’24JP¥2,106.00
JP¥1,883.33
-10.6%
7.8%JP¥2,000.00JP¥1,600.00JP¥1,787.006
Jan ’24JP¥2,086.00
JP¥1,883.33
-9.7%
7.8%JP¥2,000.00JP¥1,600.00JP¥1,821.006
Dec ’23JP¥2,039.00
JP¥1,925.00
-5.6%
11.4%JP¥2,300.00JP¥1,600.00JP¥1,716.006
Nov ’23JP¥2,088.00
JP¥1,966.67
-5.8%
10.4%JP¥2,300.00JP¥1,600.00JP¥1,681.006

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

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