Eisai Co., Ltd.

TSE:4523 Stock Report

Market Cap: JP¥1.3t

Eisai Valuation

Is 4523 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 4523 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4523 (¥4663) is trading below our estimate of fair value (¥11083.18)

Significantly Below Fair Value: 4523 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4523?

Key metric: As 4523 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4523. This is calculated by dividing 4523's market cap by their current earnings.
What is 4523's PE Ratio?
PE Ratio32.1x
EarningsJP¥40.97b
Market CapJP¥1.30t

Price to Earnings Ratio vs Peers

How does 4523's PE Ratio compare to its peers?

The above table shows the PE ratio for 4523 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
4151 Kyowa Kirin
15.4x6.1%JP¥1.3t
4507 Shionogi
11.6x-0.3%JP¥1.8t
4528 Ono Pharmaceutical
8.7x-5.8%JP¥820.3b
4503 Astellas Pharma
51.2x25.5%JP¥2.8t
4523 Eisai
32.1x13.1%JP¥1.3t

Price-To-Earnings vs Peers: 4523 is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

How does 4523's PE Ratio compare vs other companies in the JP Pharmaceuticals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
4523 32.1xIndustry Avg. 15.1xNo. of Companies5PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4523 is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the JP Pharmaceuticals industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is 4523'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.

4523 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.1x
Fair PE Ratio26x

Price-To-Earnings vs Fair Ratio: 4523 is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the estimated Fair Price-To-Earnings Ratio (26x).

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 4523 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥4,663.00
JP¥7,127.94
+52.9%
26.2%JP¥11,000.00JP¥4,000.00n/a16
Nov ’25JP¥5,075.00
JP¥7,459.19
+47.0%
22.7%JP¥11,000.00JP¥5,000.00n/a16
Oct ’25JP¥5,398.00
JP¥7,459.19
+38.2%
22.7%JP¥11,000.00JP¥5,000.00n/a16
Sep ’25JP¥6,119.00
JP¥7,534.19
+23.1%
21.5%JP¥11,000.00JP¥5,000.00n/a16
Aug ’25JP¥5,720.00
JP¥8,036.50
+40.5%
19.3%JP¥11,400.00JP¥5,000.00n/a16
Jul ’25JP¥6,680.00
JP¥8,138.00
+21.8%
21.1%JP¥12,000.00JP¥5,000.00n/a15
Jun ’25JP¥6,753.00
JP¥8,242.86
+22.1%
20.3%JP¥12,000.00JP¥5,700.00n/a14
May ’25JP¥6,549.00
JP¥8,153.85
+24.5%
20.4%JP¥12,000.00JP¥5,600.00n/a13
Apr ’25JP¥6,079.00
JP¥8,335.71
+37.1%
20.6%JP¥12,000.00JP¥5,600.00n/a14
Mar ’25JP¥6,211.00
JP¥8,521.43
+37.2%
18.8%JP¥12,000.00JP¥5,600.00n/a14
Feb ’25JP¥6,934.00
JP¥9,185.71
+32.5%
21.3%JP¥12,600.00JP¥5,600.00n/a14
Jan ’25JP¥7,052.00
JP¥9,207.14
+30.6%
21.2%JP¥12,600.00JP¥5,600.00n/a14
Dec ’24JP¥7,710.00
JP¥9,542.86
+23.8%
18.9%JP¥12,600.00JP¥5,600.00n/a14
Nov ’24JP¥8,083.00
JP¥9,792.86
+21.2%
19.3%JP¥12,600.00JP¥5,600.00JP¥5,075.0014
Oct ’24JP¥8,304.00
JP¥9,775.00
+17.7%
19.9%JP¥12,600.00JP¥5,600.00JP¥5,398.0012
Sep ’24JP¥9,121.00
JP¥9,669.23
+6.0%
21.4%JP¥12,600.00JP¥5,600.00JP¥6,119.0013
Aug ’24JP¥9,156.00
JP¥9,530.77
+4.1%
20.8%JP¥12,400.00JP¥5,600.00JP¥5,720.0013
Jul ’24JP¥9,724.00
JP¥9,303.85
-4.3%
20.9%JP¥12,400.00JP¥5,600.00JP¥6,680.0013
Jun ’24JP¥9,050.00
JP¥9,025.00
-0.3%
23.0%JP¥13,200.00JP¥4,900.00JP¥6,753.0014
May ’24JP¥7,926.00
JP¥8,742.31
+10.3%
23.3%JP¥13,000.00JP¥4,900.00JP¥6,549.0013
Apr ’24JP¥7,504.00
JP¥8,616.67
+14.8%
24.8%JP¥13,000.00JP¥4,500.00JP¥6,079.0012
Mar ’24JP¥7,323.00
JP¥8,808.33
+20.3%
24.4%JP¥13,000.00JP¥4,500.00JP¥6,211.0012
Feb ’24JP¥8,019.00
JP¥9,175.00
+14.4%
24.4%JP¥13,500.00JP¥4,500.00JP¥6,934.0012
Jan ’24JP¥8,704.00
JP¥9,283.33
+6.7%
24.1%JP¥13,500.00JP¥4,500.00JP¥7,052.0012
Dec ’23JP¥9,775.00
JP¥8,784.62
-10.1%
30.6%JP¥13,500.00JP¥3,700.00JP¥7,710.0013
Nov ’23JP¥8,996.00
JP¥8,089.23
-10.1%
33.5%JP¥12,000.00JP¥3,700.00JP¥8,083.0013

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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