GMO Payment Gateway, Inc.

TSE:3769 Stock Report

Market Cap: JP¥641.2b

GMO Payment Gateway Valuation

Is 3769 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 3769 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
JP¥7.09k
Fair Value
19.2% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: 3769 (¥8454) is trading above our estimate of fair value (¥7091.03)

Significantly Below Fair Value: 3769 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3769?

Key metric: As 3769 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3769. This is calculated by dividing 3769's market cap by their current earnings.
What is 3769's PE Ratio?
PE Ratio32.3x
EarningsJP¥19.82b
Market CapJP¥641.22b

Price to Earnings Ratio vs Peers

How does 3769's PE Ratio compare to its peers?

The above table shows the PE ratio for 3769 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.4x
4051 GMO Financial Gate
40.2x20.8%JP¥53.3b
2428 Wellnet
14.1xn/aJP¥14.4b
8439 Tokyo Century
8.4x6.7%JP¥731.1b
4374 Robot Payment
27xn/aJP¥8.6b
3769 GMO Payment Gateway
32.3x16.1%JP¥641.2b

Price-To-Earnings vs Peers: 3769 is expensive based on its Price-To-Earnings Ratio (32.3x) compared to the peer average (22.4x).

Price to Earnings Ratio vs Industry

How does 3769's PE Ratio compare vs other companies in the JP Diversified Financial Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
8301 Bank of Japan
0.01xn/aUS$164.13m
No more companies available in this PE range
3769 32.3xIndustry Avg. 12.1xNo. of Companies5PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3769 is expensive based on its Price-To-Earnings Ratio (32.3x) compared to the JP Diversified Financial industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3769'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.

3769 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.3x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: 3769 is expensive based on its Price-To-Earnings Ratio (32.3x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).

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 3769 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥8,454.00
JP¥9,755.00
+15.4%
13.8%JP¥12,000.00JP¥8,000.00n/a10
Feb ’26JP¥8,245.00
JP¥9,875.00
+19.8%
12.6%JP¥12,000.00JP¥8,000.00n/a10
Jan ’26JP¥7,971.00
JP¥10,195.00
+27.9%
11.9%JP¥12,400.00JP¥8,900.00n/a10
Dec ’25JP¥7,885.00
JP¥10,255.00
+30.1%
12.2%JP¥12,600.00JP¥8,900.00n/a10
Nov ’25JP¥8,796.00
JP¥10,255.00
+16.6%
12.2%JP¥12,600.00JP¥8,900.00n/a10
Oct ’25JP¥8,629.00
JP¥10,255.00
+18.8%
12.2%JP¥12,600.00JP¥8,900.00n/a10
Sep ’25JP¥9,143.00
JP¥10,290.91
+12.6%
12.1%JP¥12,600.00JP¥8,900.00n/a11
Aug ’25JP¥8,289.00
JP¥10,509.09
+26.8%
15.8%JP¥14,000.00JP¥8,900.00n/a11
Jul ’25JP¥8,418.00
JP¥10,681.82
+26.9%
15.0%JP¥14,000.00JP¥8,900.00n/a11
Jun ’25JP¥6,779.00
JP¥10,827.27
+59.7%
14.5%JP¥14,000.00JP¥8,900.00n/a11
May ’25JP¥7,319.00
JP¥11,256.36
+53.8%
15.1%JP¥14,700.00JP¥9,000.00n/a11
Apr ’25JP¥9,562.00
JP¥11,401.67
+19.2%
14.9%JP¥14,700.00JP¥9,000.00n/a12
Mar ’25JP¥10,200.00
JP¥11,409.23
+11.9%
14.9%JP¥14,700.00JP¥9,000.00n/a13
Feb ’25JP¥8,727.00
JP¥11,459.23
+31.3%
16.7%JP¥14,700.00JP¥8,600.00JP¥8,245.0013
Jan ’25JP¥9,798.00
JP¥11,630.83
+18.7%
16.3%JP¥14,700.00JP¥8,600.00JP¥7,971.0012
Dec ’24JP¥8,489.00
JP¥12,036.15
+41.8%
16.5%JP¥15,600.00JP¥8,600.00JP¥7,885.0013
Nov ’24JP¥6,247.00
JP¥12,412.14
+98.7%
16.0%JP¥15,600.00JP¥9,600.00JP¥8,796.0014
Oct ’24JP¥8,177.00
JP¥12,412.14
+51.8%
16.0%JP¥15,600.00JP¥9,600.00JP¥8,629.0014
Sep ’24JP¥9,254.00
JP¥12,976.43
+40.2%
14.2%JP¥16,000.00JP¥10,500.00JP¥9,143.0014
Aug ’24JP¥10,835.00
JP¥13,349.64
+23.2%
13.2%JP¥16,000.00JP¥10,500.00JP¥8,289.0014
Jul ’24JP¥11,200.00
JP¥13,349.64
+19.2%
13.2%JP¥16,000.00JP¥10,500.00JP¥8,418.0014
Jun ’24JP¥10,860.00
JP¥13,321.43
+22.7%
13.2%JP¥16,000.00JP¥10,500.00JP¥6,779.0014
May ’24JP¥10,580.00
JP¥13,394.29
+26.6%
13.4%JP¥16,000.00JP¥10,500.00JP¥7,319.0014
Apr ’24JP¥11,380.00
JP¥13,432.14
+18.0%
13.4%JP¥16,000.00JP¥10,500.00JP¥9,562.0014
Mar ’24JP¥11,230.00
JP¥13,432.14
+19.6%
13.4%JP¥16,000.00JP¥10,500.00JP¥10,200.0014
Feb ’24JP¥12,140.00
JP¥13,182.14
+8.6%
12.7%JP¥16,000.00JP¥10,500.00JP¥8,727.0014
Analyst Price Target
Consensus Narrative from 10 Analysts
JP¥9.76k
Fair Value
13.3% undervalued intrinsic discount
10
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 12:41
End of Day Share Price 2025/02/14 00:00
Earnings2024/12/31
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

GMO Payment Gateway, Inc. is covered by 25 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yuki YaginumaBofA Global Research
Hideo NodaCLSA
Takeshi SaitoCredit Suisse