Adeka Corporation

TSE:4401 Stock Report

Market Cap: JP¥288.0b

Adeka Valuation

Is 4401 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 4401 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4401 (¥2811.5) is trading below our estimate of fair value (¥7602.19)

Significantly Below Fair Value: 4401 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4401?

Key metric: As 4401 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4401. This is calculated by dividing 4401's market cap by their current earnings.
What is 4401's PE Ratio?
PE Ratio12x
EarningsJP¥23.91b
Market CapJP¥288.04b

Price to Earnings Ratio vs Peers

How does 4401's PE Ratio compare to its peers?

The above table shows the PE ratio for 4401 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.4x
4205 Zeon
9.1x0.06%JP¥297.1b
4118 Kaneka
8.8x9.1%JP¥215.7b
7966 LINTEC
14.9x11.1%JP¥209.4b
4061 Denka
20.8x44.3%JP¥178.6b
4401 Adeka
12x10.6%JP¥288.0b

Price-To-Earnings vs Peers: 4401 is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (13.4x).

Price to Earnings Ratio vs Industry

How does 4401's PE Ratio compare vs other companies in the JP Chemicals Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
4119 Nippon Pigment Holdings
0.7xn/aUS$31.05m
No more companies available in this PE range
4401 12.0xIndustry Avg. 12.1xNo. of Companies19PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4401 is good value based on its Price-To-Earnings Ratio (12x) compared to the JP Chemicals industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is 4401'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.

4401 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: 4401 is good value based on its Price-To-Earnings Ratio (12x) 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 4401 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥2,811.50
JP¥3,822.86
+36.0%
10.5%JP¥4,500.00JP¥3,400.00n/a7
Nov ’25JP¥2,745.50
JP¥3,822.86
+39.2%
10.5%JP¥4,500.00JP¥3,400.00n/a7
Oct ’25JP¥2,953.50
JP¥3,922.86
+32.8%
8.1%JP¥4,500.00JP¥3,400.00n/a7
Sep ’25JP¥3,020.00
JP¥3,916.67
+29.7%
8.8%JP¥4,500.00JP¥3,400.00n/a6
Aug ’25JP¥3,125.00
JP¥3,900.00
+24.8%
8.1%JP¥4,400.00JP¥3,400.00n/a6
Jul ’25JP¥3,228.00
JP¥3,831.43
+18.7%
8.5%JP¥4,400.00JP¥3,400.00n/a7
Jun ’25JP¥3,372.00
JP¥3,731.43
+10.7%
5.6%JP¥4,000.00JP¥3,400.00n/a7
May ’25JP¥3,249.00
JP¥3,688.57
+13.5%
4.8%JP¥4,000.00JP¥3,400.00n/a7
Apr ’25JP¥3,157.00
JP¥3,660.00
+15.9%
4.7%JP¥4,000.00JP¥3,400.00n/a7
Mar ’25JP¥3,134.00
JP¥3,602.86
+15.0%
5.3%JP¥4,000.00JP¥3,400.00n/a7
Feb ’25JP¥2,853.00
JP¥3,502.86
+22.8%
7.9%JP¥4,000.00JP¥3,000.00n/a7
Jan ’25JP¥2,870.00
JP¥3,453.33
+20.3%
9.1%JP¥4,000.00JP¥3,000.00n/a6
Dec ’24JP¥2,869.00
JP¥3,400.00
+18.5%
9.8%JP¥4,000.00JP¥3,000.00n/a5
Nov ’24JP¥2,537.50
JP¥3,380.00
+33.2%
10.0%JP¥4,000.00JP¥3,000.00JP¥2,745.505
Oct ’24JP¥2,556.50
JP¥3,313.33
+29.6%
10.8%JP¥4,000.00JP¥2,880.00JP¥2,953.506
Sep ’24JP¥2,804.50
JP¥3,305.00
+17.8%
10.8%JP¥4,000.00JP¥2,880.00JP¥3,020.006
Aug ’24JP¥2,865.00
JP¥3,221.67
+12.4%
12.9%JP¥4,000.00JP¥2,700.00JP¥3,125.006
Jul ’24JP¥2,735.50
JP¥3,171.67
+15.9%
13.3%JP¥4,000.00JP¥2,700.00JP¥3,228.006
Jun ’24JP¥2,438.00
JP¥3,071.67
+26.0%
15.3%JP¥4,000.00JP¥2,550.00JP¥3,372.006
May ’24JP¥2,325.00
JP¥3,038.33
+30.7%
15.5%JP¥4,000.00JP¥2,550.00JP¥3,249.006
Apr ’24JP¥2,258.00
JP¥3,100.00
+37.3%
15.5%JP¥4,000.00JP¥2,700.00JP¥3,157.005
Mar ’24JP¥2,220.00
JP¥3,160.00
+42.3%
20.5%JP¥4,400.00JP¥2,700.00JP¥3,134.005
Feb ’24JP¥2,169.00
JP¥3,340.00
+54.0%
18.1%JP¥4,400.00JP¥2,700.00JP¥2,853.005
Jan ’24JP¥2,164.00
JP¥3,500.00
+61.7%
16.4%JP¥4,400.00JP¥2,800.00JP¥2,870.004
Dec ’23JP¥2,260.00
JP¥3,475.00
+53.8%
16.7%JP¥4,400.00JP¥2,800.00JP¥2,869.004
Nov ’23JP¥2,228.00
JP¥3,625.00
+62.7%
19.1%JP¥4,800.00JP¥3,000.00JP¥2,537.504

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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