Kureha Corporation

TSE:4023 Stock Report

Market Cap: JP¥147.3b

Kureha Valuation

Is 4023 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 4023 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4023 (¥2851) is trading above our estimate of fair value (¥1826.8)

Significantly Below Fair Value: 4023 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4023?

Key metric: As 4023 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4023. This is calculated by dividing 4023's market cap by their current earnings.
What is 4023's PE Ratio?
PE Ratio17.5x
EarningsJP¥8.59b
Market CapJP¥147.33b

Price to Earnings Ratio vs Peers

How does 4023's PE Ratio compare to its peers?

The above table shows the PE ratio for 4023 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.1x
7970 Shin-Etsu PolymerLtd
15.3x13.9%JP¥132.9b
4061 Denka
21.1x44.3%JP¥183.6b
7966 LINTEC
14.9x11.0%JP¥211.1b
4118 Kaneka
9x9.1%JP¥219.3b
4023 Kureha
17.5x17.8%JP¥147.3b

Price-To-Earnings vs Peers: 4023 is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (15.1x).

Price to Earnings Ratio vs Industry

How does 4023's PE Ratio compare vs other companies in the JP Chemicals Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
4119 Nippon Pigment Holdings
0.6xn/aUS$31.27m
No more companies available in this PE range
4023 17.5xIndustry Avg. 12.1xNo. of Companies19PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4023 is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the JP Chemicals industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is 4023'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.

4023 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.5x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: 4023 is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).

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 4023 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥2,851.00
JP¥3,110.00
+9.1%
7.5%JP¥3,450.00JP¥2,800.00n/a5
Nov ’25JP¥2,811.00
JP¥3,110.00
+10.6%
7.5%JP¥3,450.00JP¥2,800.00n/a5
Oct ’25JP¥2,899.00
JP¥3,110.00
+7.3%
7.5%JP¥3,450.00JP¥2,800.00n/a5
Sep ’25JP¥2,784.00
JP¥3,090.00
+11.0%
8.5%JP¥3,450.00JP¥2,700.00n/a5
Aug ’25JP¥2,901.00
JP¥3,084.00
+6.3%
7.9%JP¥3,320.00JP¥2,700.00n/a5
Jul ’25JP¥2,815.00
JP¥3,044.00
+8.1%
7.8%JP¥3,320.00JP¥2,700.00n/a5
Jun ’25JP¥2,883.00
JP¥2,964.00
+2.8%
12.5%JP¥3,320.00JP¥2,300.00n/a5
May ’25JP¥2,810.00
JP¥2,944.00
+4.8%
12.8%JP¥3,320.00JP¥2,300.00n/a5
Apr ’25JP¥2,729.00
JP¥3,024.00
+10.8%
10.7%JP¥3,320.00JP¥2,500.00n/a5
Mar ’25JP¥2,716.00
JP¥3,155.00
+16.2%
6.7%JP¥3,320.00JP¥2,800.00n/a4
Feb ’25JP¥2,847.00
JP¥3,171.67
+11.4%
5.7%JP¥3,320.00JP¥2,866.67n/a4
Jan ’25JP¥2,880.00
JP¥3,422.50
+18.8%
14.0%JP¥4,156.67JP¥2,866.67n/a4
Dec ’24JP¥2,880.00
JP¥3,498.00
+21.5%
13.0%JP¥4,156.67JP¥2,866.67n/a5
Nov ’24JP¥3,023.33
JP¥3,498.00
+15.7%
13.0%JP¥4,156.67JP¥2,866.67JP¥2,811.005
Oct ’24JP¥2,773.33
JP¥3,511.33
+26.6%
14.4%JP¥4,156.67JP¥2,866.67JP¥2,899.005
Sep ’24JP¥2,863.33
JP¥3,498.00
+22.2%
14.2%JP¥4,156.67JP¥2,866.67JP¥2,784.005
Aug ’24JP¥2,816.67
JP¥3,498.00
+24.2%
14.2%JP¥4,156.67JP¥2,866.67JP¥2,901.005
Jul ’24JP¥2,736.67
JP¥3,504.67
+28.1%
14.7%JP¥4,156.67JP¥2,866.67JP¥2,815.005
Jun ’24JP¥2,690.00
JP¥3,337.33
+24.1%
11.2%JP¥3,833.33JP¥2,866.67JP¥2,883.005
May ’24JP¥2,853.33
JP¥3,430.67
+20.2%
8.6%JP¥3,833.33JP¥2,933.33JP¥2,810.005
Apr ’24JP¥2,816.67
JP¥3,510.67
+24.6%
5.2%JP¥3,833.33JP¥3,333.33JP¥2,729.005
Mar ’24JP¥2,860.00
JP¥3,477.33
+21.6%
3.7%JP¥3,666.67JP¥3,333.33JP¥2,716.005
Feb ’24JP¥2,763.33
JP¥3,690.67
+33.6%
6.8%JP¥4,000.00JP¥3,333.33JP¥2,847.005
Jan ’24JP¥2,686.67
JP¥3,757.33
+39.9%
4.8%JP¥4,000.00JP¥3,520.00JP¥2,880.005
Dec ’23JP¥3,266.67
JP¥3,940.00
+20.6%
7.5%JP¥4,466.67JP¥3,666.67JP¥2,880.005
Nov ’23JP¥3,146.67
JP¥3,940.00
+25.2%
7.5%JP¥4,466.67JP¥3,666.67JP¥3,023.335

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

Discover undervalued companies

Tokuyama

JP¥196.7b

Produces and sells various chemical products in Japan.

4043

JP¥2,753.50

7D

4.4%

1Y

15.0%

Hodogaya Chemical

JP¥31.1b

Primarily engages in the production and sale of organic industrial chemicals in Japan.

4112

JP¥3,920.00

7D

5.0%

1Y

14.0%

Daicel

JP¥373.4b

Engages in the materials, medical/healthcare, smart, safety, engineering plastics, and other businesses in Japan, China, and internationally.

4202

JP¥1,362.50

7D

2.0%

1Y

-4.2%