Hakuhodo DY Holdings Inc

TSE:2433 Stock Report

Market Cap: JP¥415.7b

Hakuhodo DY Holdings Valuation

Is 2433 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 2433 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2433 (¥1136.5) is trading below our estimate of fair value (¥1657.14)

Significantly Below Fair Value: 2433 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2433?

Key metric: As 2433 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2433. This is calculated by dividing 2433's market cap by their current earnings.
What is 2433's PE Ratio?
PE Ratio13.5x
EarningsJP¥30.81b
Market CapJP¥415.75b

Price to Earnings Ratio vs Peers

How does 2433's PE Ratio compare to its peers?

The above table shows the PE ratio for 2433 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.1x
4751 CyberAgent
31.5x14.7%JP¥498.1b
4293 Septeni Holdings
35.2x16.6%JP¥88.8b
4326 INTAGE HOLDINGS
17.9x-4.2%JP¥59.4b
3978 Macromill
19.7x19.0%JP¥42.4b
2433 Hakuhodo DY Holdings
13.5x4.7%JP¥415.7b

Price-To-Earnings vs Peers: 2433 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (26.1x).

Price to Earnings Ratio vs Industry

How does 2433's PE Ratio compare vs other companies in the JP Media Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
2433 13.5xIndustry Avg. 15.6xNo. of Companies14PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2433 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the JP Media industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is 2433'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.

2433 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: 2433 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).

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 2433 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,136.50
JP¥1,226.67
+7.9%
10.3%JP¥1,400.00JP¥1,000.00n/a6
Nov ’25JP¥1,201.00
JP¥1,216.67
+1.3%
9.8%JP¥1,400.00JP¥1,000.00n/a6
Oct ’25JP¥1,166.50
JP¥1,216.67
+4.3%
9.8%JP¥1,400.00JP¥1,000.00n/a6
Sep ’25JP¥1,231.00
JP¥1,221.43
-0.8%
9.1%JP¥1,400.00JP¥1,000.00n/a7
Aug ’25JP¥1,201.50
JP¥1,232.86
+2.6%
10.3%JP¥1,400.00JP¥1,000.00n/a7
Jul ’25JP¥1,156.00
JP¥1,232.86
+6.6%
10.3%JP¥1,400.00JP¥1,000.00n/a7
Jun ’25JP¥1,299.00
JP¥1,300.00
+0.08%
11.8%JP¥1,400.00JP¥1,000.00n/a6
May ’25JP¥1,453.00
JP¥1,300.00
-10.5%
11.8%JP¥1,400.00JP¥1,000.00n/a6
Apr ’25JP¥1,383.00
JP¥1,300.00
-6.0%
11.8%JP¥1,400.00JP¥1,000.00n/a6
Mar ’25JP¥1,393.00
JP¥1,206.67
-13.4%
12.9%JP¥1,400.00JP¥1,000.00n/a6
Feb ’25JP¥1,162.00
JP¥1,206.67
+3.8%
12.9%JP¥1,400.00JP¥1,000.00n/a6
Jan ’25JP¥1,080.50
JP¥1,260.00
+16.6%
13.6%JP¥1,400.00JP¥1,040.00n/a5
Dec ’24JP¥1,091.00
JP¥1,260.00
+15.5%
13.6%JP¥1,400.00JP¥1,040.00n/a5
Nov ’24JP¥1,250.00
JP¥1,394.00
+11.5%
17.0%JP¥1,700.00JP¥1,060.00JP¥1,201.005
Oct ’24JP¥1,229.50
JP¥1,394.00
+13.4%
17.0%JP¥1,700.00JP¥1,060.00JP¥1,166.505
Sep ’24JP¥1,382.00
JP¥1,414.00
+2.3%
17.1%JP¥1,700.00JP¥1,060.00JP¥1,231.005
Aug ’24JP¥1,636.50
JP¥1,540.00
-5.9%
8.2%JP¥1,700.00JP¥1,360.00JP¥1,201.504
Jul ’24JP¥1,512.00
JP¥1,540.00
+1.9%
8.2%JP¥1,700.00JP¥1,360.00JP¥1,156.004
Jun ’24JP¥1,444.00
JP¥1,476.00
+2.2%
8.1%JP¥1,600.00JP¥1,300.00JP¥1,299.005
May ’24JP¥1,613.00
JP¥1,476.00
-8.5%
8.1%JP¥1,600.00JP¥1,300.00JP¥1,453.005
Apr ’24JP¥1,495.00
JP¥1,456.00
-2.6%
8.4%JP¥1,600.00JP¥1,300.00JP¥1,383.005
Mar ’24JP¥1,523.00
JP¥1,465.00
-3.8%
7.7%JP¥1,600.00JP¥1,300.00JP¥1,393.006
Feb ’24JP¥1,388.00
JP¥1,370.00
-1.3%
11.9%JP¥1,600.00JP¥1,100.00JP¥1,162.006
Jan ’24JP¥1,330.00
JP¥1,370.00
+3.0%
11.9%JP¥1,600.00JP¥1,100.00JP¥1,080.506
Dec ’23JP¥1,335.00
JP¥1,353.33
+1.4%
12.1%JP¥1,600.00JP¥1,100.00JP¥1,091.006
Nov ’23JP¥1,256.00
JP¥1,310.00
+4.3%
11.3%JP¥1,600.00JP¥1,100.00JP¥1,250.006

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

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