Nippon Television Holdings, Inc.

TSE:9404 Stock Report

Market Cap: JP¥597.1b

Nippon Television Holdings Valuation

Is 9404 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 9404 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9404 (¥2383) is trading above our estimate of fair value (¥2061.34)

Significantly Below Fair Value: 9404 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9404?

Other financial metrics that can be useful for relative valuation.

9404 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/Revenue1x
Enterprise Value/EBITDA7.9x
PEG Ratio3.4x

Price to Earnings Ratio vs Peers

How does 9404's PE Ratio compare to its peers?

The above table shows the PE ratio for 9404 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.3x
9401 TBS HoldingsInc
15.1x1.9%JP¥647.3b
4676 Fuji Media Holdings
9.4x2.2%JP¥368.9b
9409 TVhi Holdings
11.1x2.3%JP¥201.0b
9413 TV TOKYO Holdings
17.6x8.7%JP¥102.2b
9404 Nippon Television Holdings
16.1x4.7%JP¥597.1b

Price-To-Earnings vs Peers: 9404 is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (13.4x).

Price to Earnings Ratio vs Industry

How does 9404's PE Ratio compare vs other companies in the JP Media Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.0%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.0%
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No more companies

Price-To-Earnings vs Industry: 9404 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the JP Media industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is 9404'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.

9404 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ratio22.7x

Price-To-Earnings vs Fair Ratio: 9404 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.7x).

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 9404 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥2,379.00
JP¥2,375.00
-0.2%
11.7%JP¥2,900.00JP¥2,050.00n/a6
Aug ’25JP¥2,376.50
JP¥2,375.00
-0.06%
11.7%JP¥2,900.00JP¥2,050.00n/a6
Jul ’25JP¥2,333.50
JP¥2,243.33
-3.9%
17.6%JP¥2,800.00JP¥1,540.00n/a6
Jun ’25JP¥2,120.50
JP¥2,151.67
+1.5%
22.5%JP¥2,800.00JP¥1,500.00n/a6
May ’25JP¥2,286.00
JP¥2,133.33
-6.7%
22.7%JP¥2,800.00JP¥1,500.00n/a6
Apr ’25JP¥2,302.50
JP¥2,080.00
-9.7%
24.7%JP¥2,800.00JP¥1,500.00n/a5
Mar ’25JP¥2,144.00
JP¥1,818.00
-15.2%
31.1%JP¥2,800.00JP¥1,190.00n/a5
Feb ’25JP¥1,751.00
JP¥1,574.00
-10.1%
16.6%JP¥2,000.00JP¥1,190.00n/a5
Jan ’25JP¥1,539.50
JP¥1,420.00
-7.8%
24.9%JP¥2,000.00JP¥1,040.00n/a4
Dec ’24JP¥1,475.00
JP¥1,420.00
-3.7%
24.9%JP¥2,000.00JP¥1,040.00n/a4
Nov ’24JP¥1,489.50
JP¥1,420.00
-4.7%
24.9%JP¥2,000.00JP¥1,040.00n/a4
Oct ’24JP¥1,512.00
JP¥1,420.00
-6.1%
24.9%JP¥2,000.00JP¥1,040.00n/a4
Sep ’24JP¥1,370.50
JP¥1,420.00
+3.6%
24.9%JP¥2,000.00JP¥1,040.00n/a4
Aug ’24JP¥1,372.50
JP¥1,546.67
+12.7%
20.7%JP¥2,000.00JP¥1,320.00JP¥2,376.503
Jul ’24JP¥1,369.00
JP¥1,510.00
+10.3%
12.6%JP¥1,700.00JP¥1,320.00JP¥2,333.502
Jun ’24JP¥1,276.00
JP¥1,360.00
+6.6%
17.8%JP¥1,700.00JP¥1,150.00JP¥2,120.503
May ’24JP¥1,224.00
JP¥1,320.00
+7.8%
16.8%JP¥1,700.00JP¥1,150.00JP¥2,286.004
Apr ’24JP¥1,141.00
JP¥1,312.50
+15.0%
17.3%JP¥1,700.00JP¥1,120.00JP¥2,302.504
Mar ’24JP¥1,123.00
JP¥1,252.00
+11.5%
18.9%JP¥1,700.00JP¥1,010.00JP¥2,144.005
Feb ’24JP¥1,044.00
JP¥1,252.00
+19.9%
18.9%JP¥1,700.00JP¥1,010.00JP¥1,751.005
Jan ’24JP¥1,042.00
JP¥1,252.00
+20.2%
18.9%JP¥1,700.00JP¥1,010.00JP¥1,539.505
Dec ’23JP¥1,046.00
JP¥1,372.00
+31.2%
26.8%JP¥2,100.00JP¥1,100.00JP¥1,475.005
Nov ’23JP¥1,124.00
JP¥1,390.00
+23.7%
26.0%JP¥2,100.00JP¥1,100.00JP¥1,489.505
Oct ’23JP¥1,157.00
JP¥1,390.00
+20.1%
26.0%JP¥2,100.00JP¥1,100.00JP¥1,512.005
Sep ’23JP¥1,180.00
JP¥1,455.00
+23.3%
26.3%JP¥2,100.00JP¥1,100.00JP¥1,370.504
Aug ’23JP¥1,215.00
JP¥1,465.00
+20.6%
25.5%JP¥2,100.00JP¥1,140.00JP¥1,372.504

Analyst Forecast: Target price is lower than the current share price.

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