Tokyo Century Corporation

TSE:8439 Stock Report

Market Cap: JP¥729.9b

Tokyo Century Valuation

Is 8439 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 8439 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8439 (¥1496) is trading below our estimate of fair value (¥2391.11)

Significantly Below Fair Value: 8439 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8439?

Key metric: As 8439 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8439. This is calculated by dividing 8439's market cap by their current earnings.
What is 8439's PE Ratio?
PE Ratio9.2x
EarningsJP¥79.65b
Market CapJP¥729.88b

Price to Earnings Ratio vs Peers

How does 8439's PE Ratio compare to its peers?

The above table shows the PE ratio for 8439 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.3x
7164 ZENKOKU HOSHOLtd
12.7x6.1%JP¥364.4b
8424 Fuyo General Lease
7.2x3.3%JP¥337.1b
8593 Mitsubishi HC Capital
10.9x8.0%JP¥1.4t
8425 Mizuho Leasing Company
6.6xn/aJP¥283.5b
8439 Tokyo Century
9.2x8.0%JP¥729.9b

Price-To-Earnings vs Peers: 8439 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (9.3x).

Price to Earnings Ratio vs Industry

How does 8439'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$173.45m
No more companies available in this PE range
8439 9.2xIndustry Avg. 13.7xNo. of Companies5PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8439 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the JP Diversified Financial industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is 8439'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.

8439 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: 8439 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

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 8439 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,509.50
JP¥1,930.00
+27.9%
6.6%JP¥2,100.00JP¥1,790.00n/a3
Nov ’25JP¥1,544.50
JP¥1,930.00
+25.0%
6.6%JP¥2,100.00JP¥1,790.00n/a3
Oct ’25JP¥1,628.00
JP¥1,930.00
+18.6%
6.6%JP¥2,100.00JP¥1,790.00n/a3
Sep ’25JP¥1,585.50
JP¥1,930.00
+21.7%
6.6%JP¥2,100.00JP¥1,790.00n/a3
Aug ’25JP¥1,524.50
JP¥1,846.67
+21.1%
12.3%JP¥2,100.00JP¥1,550.00n/a3
Jul ’25JP¥1,507.50
JP¥1,826.67
+21.2%
12.3%JP¥2,100.00JP¥1,550.00n/a3
Jun ’25JP¥1,450.50
JP¥1,826.67
+25.9%
12.3%JP¥2,100.00JP¥1,550.00n/a3
May ’25JP¥1,579.00
JP¥1,765.00
+11.8%
8.8%JP¥1,915.00JP¥1,550.00n/a3
Apr ’25JP¥1,547.00
JP¥1,755.67
+13.5%
8.7%JP¥1,915.00JP¥1,550.00n/a3
Mar ’25JP¥1,594.00
JP¥1,755.67
+10.1%
8.7%JP¥1,915.00JP¥1,550.00n/a3
Feb ’25JP¥1,639.50
JP¥1,755.67
+7.1%
8.7%JP¥1,915.00JP¥1,550.00n/a3
Jan ’25JP¥1,527.00
JP¥1,755.83
+15.0%
8.7%JP¥1,915.00JP¥1,550.00n/a3
Dec ’24JP¥1,470.75
JP¥1,630.63
+10.9%
12.6%JP¥1,837.50JP¥1,332.50n/a4
Nov ’24JP¥1,449.25
JP¥1,630.63
+12.5%
12.6%JP¥1,837.50JP¥1,332.50JP¥1,544.504
Oct ’24JP¥1,491.50
JP¥1,630.63
+9.3%
12.6%JP¥1,837.50JP¥1,332.50JP¥1,628.004
Sep ’24JP¥1,414.75
JP¥1,573.33
+11.2%
13.1%JP¥1,837.50JP¥1,332.50JP¥1,585.503
Aug ’24JP¥1,369.25
JP¥1,470.83
+7.4%
17.8%JP¥1,837.50JP¥1,250.00JP¥1,524.503
Jul ’24JP¥1,294.00
JP¥1,470.83
+13.7%
17.8%JP¥1,837.50JP¥1,250.00JP¥1,507.503
Jun ’24JP¥1,267.50
JP¥1,450.00
+14.4%
16.0%JP¥1,775.00JP¥1,250.00JP¥1,450.503
May ’24JP¥1,170.00
JP¥1,481.25
+26.6%
13.2%JP¥1,775.00JP¥1,250.00JP¥1,579.004
Apr ’24JP¥1,101.25
JP¥1,562.50
+41.9%
9.2%JP¥1,775.00JP¥1,375.00JP¥1,547.004
Mar ’24JP¥1,148.75
JP¥1,562.50
+36.0%
9.2%JP¥1,775.00JP¥1,375.00JP¥1,594.004
Feb ’24JP¥1,123.75
JP¥1,500.00
+33.5%
5.1%JP¥1,575.00JP¥1,400.00JP¥1,639.504
Jan ’24JP¥1,120.00
JP¥1,520.83
+35.8%
19.1%JP¥2,050.00JP¥1,075.00JP¥1,527.006
Dec ’23JP¥1,180.00
JP¥1,520.83
+28.9%
19.1%JP¥2,050.00JP¥1,075.00JP¥1,470.756
Nov ’23JP¥1,262.50
JP¥1,524.17
+20.7%
19.0%JP¥2,050.00JP¥1,075.00JP¥1,449.256

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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