PILLAR Valuation

Q: What is the Fair Price of 6490 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

6490 (¥4365) is trading below our estimate of [[fair value]] (¥8518.84)

Is 6490 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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 6490 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6490 (¥4365) is trading below our estimate of fair value (¥8518.84)

Significantly Below Fair Value: 6490 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6490?

Key metric: As 6490 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6490. This is calculated by dividing 6490's market cap by their current earnings.
What is 6490's PE Ratio?
PE Ratio	10.7x
Earnings	JP¥9.50b
Market Cap	JP¥106.17b

6490 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.7x
Enterprise Value/EBITDA	6x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

How does 6490's PE Ratio compare to its peers?

The above table shows the PE ratio for 6490 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	14.8x
4107 ISE Chemicals	23.3x	-0.6%	JP¥114.5b
5122 Okamoto Industries	15.9x	n/a	JP¥94.8b
4216 Asahi Yukizai	8.2x	10.3%	JP¥82.1b
4956 Konishi	11.8x	5.2%	JP¥90.0b
6490 PILLAR	10.7x	11.8%	JP¥101.7b

Price-To-Earnings vs Peers: 6490 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does 6490's PE Ratio compare vs other companies in the JP Chemicals Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
4119 Nippon Pigment Holdings	0.6x	n/a	US$31.92m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 6490 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the JP Chemicals industry average (12.3x).

Price to Earnings Ratio vs Fair Ratio

What is 6490'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.

6490 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.7x
Fair PE Ratio	13.3x

Price-To-Earnings vs Fair Ratio: 6490 is good value based on its Price-To-Earnings Ratio (10.7x) 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 6490 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	JP¥4,365.00	JP¥6,710.00 +53.7%	0.1%	JP¥6,720.00	JP¥6,700.00	n/a	2
Nov ’25	JP¥4,220.00	JP¥6,710.00 +59.0%	0.1%	JP¥6,720.00	JP¥6,700.00	n/a	2
Oct ’25	JP¥4,300.00	JP¥6,710.00 +56.0%	0.1%	JP¥6,720.00	JP¥6,700.00	n/a	2
Sep ’25	JP¥4,345.00	JP¥6,710.00 +54.4%	0.1%	JP¥6,720.00	JP¥6,700.00	n/a	2
Aug ’25	JP¥4,970.00	JP¥6,710.00 +35.0%	0.1%	JP¥6,720.00	JP¥6,700.00	n/a	2
Jul ’25	JP¥5,280.00	JP¥6,710.00 +27.1%	0.1%	JP¥6,720.00	JP¥6,700.00	n/a	2
Jun ’25	JP¥5,230.00	JP¥6,710.00 +28.3%	0.1%	JP¥6,720.00	JP¥6,700.00	n/a	2
May ’25	JP¥6,260.00	JP¥7,015.00 +12.1%	4.5%	JP¥7,330.00	JP¥6,700.00	n/a	2
Apr ’25	JP¥6,110.00	JP¥7,015.00 +14.8%	4.5%	JP¥7,330.00	JP¥6,700.00	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

Kansai Paint

JP¥395.3b

Manufactures and sells paints and coatings in Japan, India, Asia, Africa, Europe, and internationally.

4613

JP¥2,110.00

-0.2%

-7.5%

Kaneka

JP¥220.7b

Engages in the manufacture and sale of polyvinyl chloride (PVC), crosslinked PVC, PVC-PVAc polymers, paste PVC, acryl grafted-vinyl chloride copolymer, and chlorinated PVC in Japan and internationally.

4118

JP¥3,451.00

1.0%

-7.4%

Mitsubishi Chemical Group

JP¥1.2t

Provides performance products, chemicals, industrial gases, health care products, and other products in Japan and internationally.

4188

JP¥796.50

-5.9%

-17.3%