Kadokawa Corporation

TSE:9468 Stock Report

Market Cap: JP¥409.4b

Kadokawa Valuation

Is 9468 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 9468 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9468 (¥3168) is trading below our estimate of fair value (¥5547.06)

Significantly Below Fair Value: 9468 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9468?

Key metric: As 9468 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9468. This is calculated by dividing 9468's market cap by their current earnings.
What is 9468's PE Ratio?
PE Ratio41.1x
EarningsJP¥10.36b
Market CapJP¥409.44b

Price to Earnings Ratio vs Peers

How does 9468's PE Ratio compare to its peers?

The above table shows the PE ratio for 9468 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
9474 Zenrin
13.7x2.5%JP¥43.7b
4298 Proto
10.8x7.0%JP¥56.6b
9467 AlphaPolis
16.9x9.8%JP¥23.5b
7849 Starts Publishing
6.2x7.4%JP¥10.8b
9468 Kadokawa
41.1x24.1%JP¥409.4b

Price-To-Earnings vs Peers: 9468 is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does 9468'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
9468 41.1xIndustry Avg. 15.6xNo. of Companies14PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9468 is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the JP Media industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is 9468'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.

9468 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.1x
Fair PE Ratio28.4x

Price-To-Earnings vs Fair Ratio: 9468 is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the estimated Fair Price-To-Earnings Ratio (28.4x).

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 9468 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥3,745.00
JP¥3,761.43
+0.4%
13.2%JP¥4,300.00JP¥3,000.00n/a7
Nov ’25JP¥3,306.00
JP¥3,775.71
+14.2%
12.6%JP¥4,300.00JP¥3,100.00n/a7
Oct ’25JP¥3,235.00
JP¥3,698.57
+14.3%
14.6%JP¥4,300.00JP¥2,800.00n/a7
Sep ’25JP¥2,907.50
JP¥3,698.57
+27.2%
14.6%JP¥4,300.00JP¥2,800.00n/a7
Aug ’25JP¥2,725.00
JP¥3,704.29
+35.9%
14.3%JP¥4,300.00JP¥2,800.00n/a7
Jul ’25JP¥2,678.00
JP¥3,838.33
+43.3%
13.4%JP¥4,300.00JP¥2,800.00n/a6
Jun ’25JP¥3,244.00
JP¥3,938.33
+21.4%
8.4%JP¥4,300.00JP¥3,400.00n/a6
May ’25JP¥2,857.50
JP¥3,838.33
+34.3%
9.2%JP¥4,300.00JP¥3,400.00n/a6
Apr ’25JP¥2,653.50
JP¥3,838.33
+44.7%
9.2%JP¥4,300.00JP¥3,400.00n/a6
Mar ’25JP¥2,874.50
JP¥3,888.33
+35.3%
11.1%JP¥4,600.00JP¥3,400.00n/a6
Feb ’25JP¥3,094.00
JP¥3,862.86
+24.8%
10.3%JP¥4,600.00JP¥3,400.00n/a7
Jan ’25JP¥2,871.00
JP¥3,862.86
+34.5%
10.3%JP¥4,600.00JP¥3,400.00n/a7
Dec ’24JP¥2,647.00
JP¥3,862.86
+45.9%
10.3%JP¥4,600.00JP¥3,400.00n/a7
Nov ’24JP¥2,891.00
JP¥4,048.57
+40.0%
6.1%JP¥4,600.00JP¥3,800.00JP¥3,306.007
Oct ’24JP¥2,992.00
JP¥4,048.57
+35.3%
6.1%JP¥4,600.00JP¥3,800.00JP¥3,235.007
Sep ’24JP¥3,429.00
JP¥3,956.67
+15.4%
2.7%JP¥4,140.00JP¥3,800.00JP¥2,907.506
Aug ’24JP¥3,442.00
JP¥3,873.33
+12.5%
5.5%JP¥4,140.00JP¥3,500.00JP¥2,725.006
Jul ’24JP¥3,440.00
JP¥3,873.33
+12.6%
5.5%JP¥4,140.00JP¥3,500.00JP¥2,678.006
Jun ’24JP¥3,235.00
JP¥3,775.00
+16.7%
4.9%JP¥4,000.00JP¥3,500.00JP¥3,244.006
May ’24JP¥2,849.00
JP¥3,725.00
+30.7%
6.7%JP¥4,000.00JP¥3,300.00JP¥2,857.506
Apr ’24JP¥2,818.00
JP¥3,725.00
+32.2%
6.7%JP¥4,000.00JP¥3,300.00JP¥2,653.506
Mar ’24JP¥2,687.00
JP¥3,583.33
+33.4%
8.7%JP¥4,000.00JP¥3,100.00JP¥2,874.506
Feb ’24JP¥2,398.00
JP¥3,533.33
+47.3%
10.5%JP¥4,000.00JP¥3,000.00JP¥3,094.006
Jan ’24JP¥2,400.00
JP¥3,533.33
+47.2%
10.5%JP¥4,000.00JP¥3,000.00JP¥2,871.006
Dec ’23JP¥2,544.00
JP¥3,580.00
+40.7%
9.1%JP¥4,000.00JP¥3,000.00JP¥2,647.005
Nov ’23JP¥2,685.00
JP¥3,780.00
+40.8%
4.2%JP¥4,000.00JP¥3,600.00JP¥2,891.005

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

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