Oji Holdings Corporation

TSE:3861 Stock Report

Market Cap: JP¥555.3b

Oji Holdings Valuation

Is 3861 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 3861 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3861 (¥555.5) is trading above our estimate of fair value (¥547.4)

Significantly Below Fair Value: 3861 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3861?

Key metric: As 3861 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3861. This is calculated by dividing 3861's market cap by their current earnings.
What is 3861's PE Ratio?
PE Ratio12.6x
EarningsJP¥43.40b
Market CapJP¥555.34b

Price to Earnings Ratio vs Peers

How does 3861's PE Ratio compare to its peers?

The above table shows the PE ratio for 3861 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.9x
3865 Hokuetsu
47.8x26.2%JP¥265.3b
3863 Nippon Paper Industries
4.9x6.5%JP¥99.4b
3708 Tokushu Tokai Paper
9.6xn/aJP¥41.7b
3864 Mitsubishi Paper Mills
9.2xn/aJP¥21.8b
3861 Oji Holdings
12.6x14.6%JP¥555.3b

Price-To-Earnings vs Peers: 3861 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (17.9x).

Price to Earnings Ratio vs Industry

How does 3861's PE Ratio compare vs other companies in the Asian Forestry Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3861 12.6xIndustry Avg. 18.5xNo. of Companies28PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3861 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the Asian Forestry industry average (18.5x).

Price to Earnings Ratio vs Fair Ratio

What is 3861'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.

3861 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: 3861 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).

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 3861 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥555.50
JP¥645.00
+16.1%
6.6%JP¥700.00JP¥590.00n/a6
Nov ’25JP¥565.40
JP¥650.00
+15.0%
6.2%JP¥700.00JP¥590.00n/a6
Oct ’25JP¥573.00
JP¥650.00
+13.4%
6.2%JP¥700.00JP¥590.00n/a6
Sep ’25JP¥582.80
JP¥674.17
+15.7%
9.5%JP¥780.00JP¥590.00n/a6
Aug ’25JP¥625.80
JP¥732.50
+17.1%
6.1%JP¥790.00JP¥670.00n/a6
Jul ’25JP¥630.70
JP¥732.50
+16.1%
6.1%JP¥790.00JP¥670.00n/a6
Jun ’25JP¥634.00
JP¥690.83
+9.0%
9.1%JP¥790.00JP¥600.00n/a6
May ’25JP¥617.80
JP¥695.83
+12.6%
10.2%JP¥820.00JP¥600.00n/a6
Apr ’25JP¥636.10
JP¥654.00
+2.8%
8.9%JP¥750.00JP¥590.00n/a5
Mar ’25JP¥574.20
JP¥638.00
+11.1%
8.9%JP¥730.00JP¥590.00n/a5
Feb ’25JP¥574.70
JP¥634.00
+10.3%
9.6%JP¥730.00JP¥570.00n/a5
Jan ’25JP¥543.00
JP¥645.00
+18.8%
9.4%JP¥730.00JP¥570.00n/a6
Dec ’24JP¥549.90
JP¥700.00
+27.3%
9.2%JP¥780.00JP¥600.00n/a6
Nov ’24JP¥651.10
JP¥706.67
+8.5%
7.6%JP¥780.00JP¥650.00JP¥565.406
Oct ’24JP¥629.00
JP¥716.00
+13.8%
7.6%JP¥780.00JP¥650.00JP¥573.005
Sep ’24JP¥597.10
JP¥638.75
+7.0%
3.6%JP¥670.00JP¥610.00JP¥582.804
Aug ’24JP¥566.20
JP¥638.75
+12.8%
3.6%JP¥670.00JP¥610.00JP¥625.804
Jul ’24JP¥537.60
JP¥708.00
+31.7%
17.3%JP¥950.00JP¥610.00JP¥630.705
Jun ’24JP¥530.00
JP¥704.00
+32.8%
17.9%JP¥950.00JP¥590.00JP¥634.005
May ’24JP¥534.00
JP¥704.00
+31.8%
17.9%JP¥950.00JP¥590.00JP¥617.805
Apr ’24JP¥524.00
JP¥704.00
+34.4%
17.9%JP¥950.00JP¥590.00JP¥636.105
Mar ’24JP¥555.00
JP¥706.00
+27.2%
17.6%JP¥950.00JP¥600.00JP¥574.205
Feb ’24JP¥538.00
JP¥710.00
+32.0%
17.4%JP¥950.00JP¥600.00JP¥574.705
Jan ’24JP¥531.00
JP¥710.00
+33.7%
17.4%JP¥950.00JP¥600.00JP¥543.005
Dec ’23JP¥528.00
JP¥718.00
+36.0%
16.9%JP¥950.00JP¥600.00JP¥549.905
Nov ’23JP¥520.00
JP¥718.00
+38.1%
16.9%JP¥950.00JP¥600.00JP¥651.105

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

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