Unicharm Corporation

TSE:8113 Stock Report

Market Cap: JP¥2.3t

Unicharm Valuation

Is 8113 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 8113 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8113 (¥3855) is trading below our estimate of fair value (¥5879.18)

Significantly Below Fair Value: 8113 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8113?

Key metric: As 8113 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8113. This is calculated by dividing 8113's market cap by their current earnings.
What is 8113's PE Ratio?
PE Ratio26.7x
EarningsJP¥84.61b
Market CapJP¥2.26t

Price to Earnings Ratio vs Peers

How does 8113's PE Ratio compare to its peers?

The above table shows the PE ratio for 8113 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.9x
4912 Lion
27x3.6%JP¥497.2b
7956 Pigeon
31.3x13.2%JP¥174.4b
4985 Earth
24.4x12.4%JP¥119.3b
7818 TRANSACTIONLtd
17x9.6%JP¥64.1b
8113 Unicharm
26.7x10.9%JP¥2.3t

Price-To-Earnings vs Peers: 8113 is expensive based on its Price-To-Earnings Ratio (26.7x) compared to the peer average (24.9x).

Price to Earnings Ratio vs Industry

How does 8113's PE Ratio compare vs other companies in the Asian Household Products Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
8113 26.7xIndustry Avg. 19.0xNo. of Companies11PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8113 is expensive based on its Price-To-Earnings Ratio (26.7x) compared to the Asian Household Products industry average (19x).

Price to Earnings Ratio vs Fair Ratio

What is 8113'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.

8113 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.7x
Fair PE Ratio35.6x

Price-To-Earnings vs Fair Ratio: 8113 is good value based on its Price-To-Earnings Ratio (26.7x) compared to the estimated Fair Price-To-Earnings Ratio (35.6x).

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 8113 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥3,868.00
JP¥5,719.00
+47.9%
9.0%JP¥6,390.00JP¥4,800.00n/a10
Nov ’25JP¥4,784.00
JP¥5,929.00
+23.9%
8.1%JP¥6,500.00JP¥5,000.00n/a10
Oct ’25JP¥5,183.00
JP¥5,819.00
+12.3%
10.7%JP¥6,500.00JP¥4,600.00n/a10
Sep ’25JP¥5,079.00
JP¥5,807.00
+14.3%
10.6%JP¥6,500.00JP¥4,600.00n/a10
Aug ’25JP¥4,831.00
JP¥5,827.00
+20.6%
9.9%JP¥6,400.00JP¥4,600.00n/a10
Jul ’25JP¥5,090.00
JP¥5,807.00
+14.1%
9.7%JP¥6,400.00JP¥4,600.00n/a10
Jun ’25JP¥5,051.00
JP¥5,763.33
+14.1%
10.0%JP¥6,400.00JP¥4,600.00n/a9
May ’25JP¥4,731.00
JP¥5,653.33
+19.5%
11.3%JP¥6,400.00JP¥4,600.00n/a9
Apr ’25JP¥4,852.00
JP¥5,610.00
+15.6%
11.5%JP¥6,400.00JP¥4,600.00n/a8
Mar ’25JP¥4,955.00
JP¥5,754.29
+16.1%
9.7%JP¥6,400.00JP¥4,600.00n/a7
Feb ’25JP¥5,163.00
JP¥5,425.56
+5.1%
11.1%JP¥6,400.00JP¥4,400.00n/a9
Jan ’25JP¥5,098.00
JP¥5,525.56
+8.4%
11.7%JP¥6,400.00JP¥4,400.00n/a9
Dec ’24JP¥4,763.00
JP¥5,575.45
+17.1%
11.5%JP¥6,500.00JP¥4,400.00n/a11
Nov ’24JP¥5,200.00
JP¥5,900.91
+13.5%
14.0%JP¥6,700.00JP¥4,400.00JP¥4,784.0011
Oct ’24JP¥5,291.00
JP¥5,900.91
+11.5%
14.0%JP¥6,700.00JP¥4,400.00JP¥5,183.0011
Sep ’24JP¥5,824.00
JP¥5,900.91
+1.3%
14.0%JP¥6,700.00JP¥4,400.00JP¥5,079.0011
Aug ’24JP¥5,262.00
JP¥5,680.00
+7.9%
12.9%JP¥6,400.00JP¥4,400.00JP¥4,831.0011
Jul ’24JP¥5,341.00
JP¥5,680.00
+6.3%
12.9%JP¥6,400.00JP¥4,400.00JP¥5,090.0011
Jun ’24JP¥5,358.00
JP¥5,690.00
+6.2%
12.3%JP¥6,400.00JP¥4,400.00JP¥5,051.0012
May ’24JP¥5,585.00
JP¥5,653.33
+1.2%
13.4%JP¥6,800.00JP¥4,400.00JP¥4,731.0012
Apr ’24JP¥5,441.00
JP¥5,594.55
+2.8%
13.6%JP¥6,800.00JP¥4,400.00JP¥4,852.0011
Mar ’24JP¥4,990.00
JP¥5,458.18
+9.4%
14.8%JP¥6,800.00JP¥4,300.00JP¥4,955.0011
Feb ’24JP¥4,909.00
JP¥5,362.73
+9.2%
14.4%JP¥6,400.00JP¥4,100.00JP¥5,163.0011
Jan ’24JP¥5,068.00
JP¥5,274.17
+4.1%
14.6%JP¥6,400.00JP¥4,100.00JP¥5,098.0012
Dec ’23JP¥5,141.00
JP¥5,206.92
+1.3%
14.9%JP¥6,400.00JP¥4,100.00JP¥4,763.0013
Nov ’23JP¥4,478.00
JP¥5,172.86
+15.5%
13.3%JP¥6,600.00JP¥4,100.00JP¥5,200.0014

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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