Ito En, Ltd.

TSE:2593 Stock Report

Market Cap: JP¥329.8b

Ito En Valuation

Is 2593 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 2593 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2593 (¥3143) is trading above our estimate of fair value (¥2030.62)

Significantly Below Fair Value: 2593 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2593?

Key metric: As 2593 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2593. This is calculated by dividing 2593's market cap by their current earnings.
What is 2593's PE Ratio?
PE Ratio28x
EarningsJP¥13.26b
Market CapJP¥329.84b

Price to Earnings Ratio vs Peers

How does 2593's PE Ratio compare to its peers?

The above table shows the PE ratio for 2593 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.6x
2579 Coca-Cola Bottlers Japan Holdings
54x23.4%JP¥442.4b
2585 Lifedrink Company
38.8x11.6%JP¥126.1b
2588 Premium Water HoldingsInc
13.8xn/aJP¥96.4b
2587 Suntory Beverage & Food
15.8x4.3%JP¥1.6t
2593 Ito En
28x15.0%JP¥329.8b

Price-To-Earnings vs Peers: 2593 is good value based on its Price-To-Earnings Ratio (28x) compared to the peer average (30.6x).

Price to Earnings Ratio vs Industry

How does 2593's PE Ratio compare vs other companies in the Asian Beverage Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
2593 28.0xIndustry Avg. 18.8xNo. of Companies25PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2593 is expensive based on its Price-To-Earnings Ratio (28x) compared to the Asian Beverage industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is 2593'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.

2593 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28x
Fair PE Ratio22.1x

Price-To-Earnings vs Fair Ratio: 2593 is expensive based on its Price-To-Earnings Ratio (28x) compared to the estimated Fair Price-To-Earnings Ratio (22.1x).

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 2593 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥3,143.00
JP¥3,900.00
+24.1%
2.1%JP¥4,000.00JP¥3,800.00n/a3
Nov ’25JP¥3,333.00
JP¥3,900.00
+17.0%
2.1%JP¥4,000.00JP¥3,800.00n/a3
Oct ’25JP¥3,384.00
JP¥3,900.00
+15.2%
2.1%JP¥4,000.00JP¥3,800.00n/a3
Sep ’25JP¥3,523.00
JP¥3,933.33
+11.6%
1.2%JP¥4,000.00JP¥3,900.00n/a3
Aug ’25JP¥3,514.00
JP¥3,933.33
+11.9%
1.2%JP¥4,000.00JP¥3,900.00n/a3
Jul ’25JP¥3,527.00
JP¥3,933.33
+11.5%
1.2%JP¥4,000.00JP¥3,900.00n/a3
Jun ’25JP¥3,751.00
JP¥4,116.67
+9.7%
7.4%JP¥4,550.00JP¥3,900.00n/a3
May ’25JP¥3,895.00
JP¥4,116.67
+5.7%
7.4%JP¥4,550.00JP¥3,900.00n/a3
Apr ’25JP¥3,702.00
JP¥4,225.00
+14.1%
7.7%JP¥4,550.00JP¥3,900.00n/a2
Mar ’25JP¥4,198.00
JP¥5,325.00
+26.8%
12.7%JP¥6,000.00JP¥4,650.00n/a2
Feb ’25JP¥4,327.00
JP¥5,325.00
+23.1%
12.7%JP¥6,000.00JP¥4,650.00n/a2
Jan ’25JP¥4,282.00
JP¥5,500.00
+28.4%
9.1%JP¥6,000.00JP¥5,000.00n/a2
Dec ’24JP¥4,500.00
JP¥5,500.00
+22.2%
9.1%JP¥6,000.00JP¥5,000.00n/a2
Nov ’24JP¥4,916.00
JP¥5,500.00
+11.9%
9.1%JP¥6,000.00JP¥5,000.00JP¥3,333.002
Sep ’24JP¥4,364.00
JP¥4,500.00
+3.1%
11.1%JP¥5,000.00JP¥4,000.00JP¥3,523.002
Aug ’24JP¥4,065.00
JP¥4,500.00
+10.7%
11.1%JP¥5,000.00JP¥4,000.00JP¥3,514.002
Jul ’24JP¥3,969.00
JP¥4,500.00
+13.4%
11.1%JP¥5,000.00JP¥4,000.00JP¥3,527.002
Jun ’24JP¥4,225.00
JP¥5,100.00
+20.7%
2.0%JP¥5,200.00JP¥5,000.00JP¥3,751.002
May ’24JP¥4,230.00
JP¥5,100.00
+20.6%
2.0%JP¥5,200.00JP¥5,000.00JP¥3,895.002
Apr ’24JP¥4,325.00
JP¥5,100.00
+17.9%
2.0%JP¥5,200.00JP¥5,000.00JP¥3,702.002
Mar ’24JP¥4,595.00
JP¥5,350.00
+16.4%
2.8%JP¥5,550.00JP¥5,200.00JP¥4,198.003
Feb ’24JP¥4,605.00
JP¥5,350.00
+16.2%
2.8%JP¥5,550.00JP¥5,200.00JP¥4,327.003
Jan ’24JP¥4,790.00
JP¥5,283.33
+10.3%
3.7%JP¥5,550.00JP¥5,100.00JP¥4,282.003
Dec ’23JP¥5,300.00
JP¥5,283.33
-0.3%
3.7%JP¥5,550.00JP¥5,100.00JP¥4,500.003
Nov ’23JP¥5,290.00
JP¥5,283.33
-0.1%
3.7%JP¥5,550.00JP¥5,100.00JP¥4,916.003

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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