Kirin Holdings Company, Limited

TSE:2503 Stock Report

Market Cap: JP¥1.7t

Kirin Holdings Company Valuation

Is 2503 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 2503 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2503 (¥2101.5) is trading below our estimate of fair value (¥3591.82)

Significantly Below Fair Value: 2503 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2503?

Key metric: As 2503 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2503. This is calculated by dividing 2503's market cap by their current earnings.
What is 2503's PE Ratio?
PE Ratio15.8x
EarningsJP¥108.05b
Market CapJP¥1.71t

Price to Earnings Ratio vs Peers

How does 2503's PE Ratio compare to its peers?

The above table shows the PE ratio for 2503 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.4x
2502 Asahi Group Holdings
14x6.9%JP¥2.5t
2501 Sapporo Holdings
37.9x-3.8%JP¥632.5b
2587 Suntory Beverage & Food
15.7x4.3%JP¥1.6t
2801 Kikkoman
25.9x2.8%JP¥1.6t
2503 Kirin Holdings Company
15.8x10.5%JP¥1.7t

Price-To-Earnings vs Peers: 2503 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

How does 2503's PE Ratio compare vs other companies in the Asian Beverage Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
2503 15.8xIndustry Avg. 18.7xNo. of Companies27PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2503 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the Asian Beverage industry average (18.7x).

Price to Earnings Ratio vs Fair Ratio

What is 2503'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.

2503 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: 2503 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).

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 2503 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥2,101.50
JP¥2,281.82
+8.6%
5.9%JP¥2,600.00JP¥2,100.00n/a11
Nov ’25JP¥2,223.50
JP¥2,281.82
+2.6%
5.9%JP¥2,600.00JP¥2,100.00n/a11
Oct ’25JP¥2,180.00
JP¥2,277.27
+4.5%
6.0%JP¥2,600.00JP¥2,100.00n/a11
Sep ’25JP¥2,202.50
JP¥2,268.18
+3.0%
6.7%JP¥2,600.00JP¥2,000.00n/a11
Aug ’25JP¥2,073.50
JP¥2,268.18
+9.4%
6.4%JP¥2,600.00JP¥2,000.00n/a11
Jul ’25JP¥2,090.50
JP¥2,268.18
+8.5%
5.8%JP¥2,600.00JP¥2,100.00n/a11
Jun ’25JP¥2,175.00
JP¥2,320.83
+6.7%
7.4%JP¥2,700.00JP¥2,100.00n/a12
May ’25JP¥2,300.00
JP¥2,290.83
-0.4%
8.5%JP¥2,700.00JP¥2,100.00n/a12
Apr ’25JP¥2,103.00
JP¥2,295.00
+9.1%
8.3%JP¥2,700.00JP¥2,100.00n/a12
Mar ’25JP¥2,088.50
JP¥2,322.31
+11.2%
8.2%JP¥2,700.00JP¥2,100.00n/a13
Feb ’25JP¥2,115.50
JP¥2,349.23
+11.0%
9.1%JP¥2,850.00JP¥2,100.00n/a13
Jan ’25JP¥2,066.00
JP¥2,341.54
+13.3%
8.8%JP¥2,850.00JP¥2,100.00n/a13
Dec ’24JP¥2,095.00
JP¥2,331.43
+11.3%
8.7%JP¥2,850.00JP¥2,100.00n/a14
Nov ’24JP¥2,145.00
JP¥2,318.46
+8.1%
9.4%JP¥2,850.00JP¥2,000.00JP¥2,223.5013
Oct ’24JP¥2,093.00
JP¥2,376.36
+13.5%
8.6%JP¥2,850.00JP¥2,100.00JP¥2,180.0011
Sep ’24JP¥2,068.50
JP¥2,361.67
+14.2%
8.5%JP¥2,850.00JP¥2,100.00JP¥2,202.5012
Aug ’24JP¥2,119.00
JP¥2,399.09
+13.2%
7.6%JP¥2,850.00JP¥2,200.00JP¥2,073.5011
Jul ’24JP¥2,101.50
JP¥2,409.00
+14.6%
7.9%JP¥2,850.00JP¥2,200.00JP¥2,090.5010
Jun ’24JP¥2,094.50
JP¥2,390.00
+14.1%
8.0%JP¥2,850.00JP¥2,200.00JP¥2,175.0011
Apr ’24JP¥2,096.00
JP¥2,357.50
+12.5%
7.3%JP¥2,750.00JP¥2,100.00JP¥2,103.0012
Mar ’24JP¥2,033.50
JP¥2,410.00
+18.5%
8.4%JP¥2,850.00JP¥2,100.00JP¥2,088.5014
Feb ’24JP¥2,008.00
JP¥2,402.86
+19.7%
8.2%JP¥2,850.00JP¥2,100.00JP¥2,115.5014
Jan ’24JP¥2,011.00
JP¥2,496.00
+24.1%
10.3%JP¥3,100.00JP¥2,100.00JP¥2,066.0015
Dec ’23JP¥2,147.50
JP¥2,509.33
+16.8%
9.6%JP¥3,100.00JP¥2,100.00JP¥2,095.0015
Nov ’23JP¥2,187.50
JP¥2,502.67
+14.4%
10.5%JP¥3,100.00JP¥2,100.00JP¥2,145.0015

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

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