AEON Mall Co., Ltd.

TSE:8905 Stock Report

Market Cap: JP¥455.1b

AEON Mall Valuation

Is 8905 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 8905 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8905 (¥2000) is trading below our estimate of fair value (¥10365.67)

Significantly Below Fair Value: 8905 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8905?

Key metric: As 8905 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8905. This is calculated by dividing 8905's market cap by their current earnings.
What is 8905's PE Ratio?
PE Ratio24x
EarningsJP¥18.97b
Market CapJP¥455.12b

Price to Earnings Ratio vs Peers

How does 8905's PE Ratio compare to its peers?

The above table shows the PE ratio for 8905 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.4x
3003 Hulic
12x6.0%JP¥1.1t
8848 Leopalace21
4.2x-9.6%JP¥172.2b
2337 Ichigo
18.5x11.3%JP¥165.5b
8818 Keihanshin Building
23x7.0%JP¥77.2b
8905 AEON Mall
24x19.9%JP¥455.1b

Price-To-Earnings vs Peers: 8905 is expensive based on its Price-To-Earnings Ratio (24x) compared to the peer average (14.4x).

Price to Earnings Ratio vs Industry

How does 8905's PE Ratio compare vs other companies in the JP Real Estate Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
8905 24.0xIndustry Avg. 12.1xNo. of Companies17PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8905 is expensive based on its Price-To-Earnings Ratio (24x) compared to the JP Real Estate industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is 8905'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.

8905 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: 8905 is expensive based on its Price-To-Earnings Ratio (24x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

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 8905 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥2,000.00
JP¥2,078.00
+3.9%
10.8%JP¥2,500.00JP¥1,840.00n/a5
Nov ’25JP¥2,032.00
JP¥2,078.00
+2.3%
10.8%JP¥2,500.00JP¥1,840.00n/a5
Oct ’25JP¥2,100.50
JP¥1,964.00
-6.5%
9.1%JP¥2,300.00JP¥1,800.00n/a5
Sep ’25JP¥2,054.00
JP¥1,964.00
-4.4%
9.1%JP¥2,300.00JP¥1,800.00n/a5
Aug ’25JP¥1,971.50
JP¥1,924.00
-2.4%
5.6%JP¥2,100.00JP¥1,800.00n/a5
Jul ’25JP¥1,906.50
JP¥1,838.00
-3.6%
7.6%JP¥2,100.00JP¥1,700.00n/a5
Jun ’25JP¥1,891.50
JP¥1,838.00
-2.8%
7.6%JP¥2,100.00JP¥1,700.00n/a5
May ’25JP¥1,813.00
JP¥1,798.33
-0.8%
8.6%JP¥2,100.00JP¥1,600.00n/a6
Apr ’25JP¥1,785.50
JP¥1,776.67
-0.5%
7.2%JP¥2,000.00JP¥1,600.00n/a6
Mar ’25JP¥1,737.00
JP¥1,776.67
+2.3%
7.2%JP¥2,000.00JP¥1,600.00n/a6
Feb ’25JP¥1,833.00
JP¥1,776.67
-3.1%
7.2%JP¥2,000.00JP¥1,600.00n/a6
Jan ’25JP¥1,772.00
JP¥1,934.00
+9.1%
7.3%JP¥2,200.00JP¥1,800.00n/a5
Dec ’24JP¥1,726.50
JP¥1,934.00
+12.0%
7.3%JP¥2,200.00JP¥1,800.00n/a5
Nov ’24JP¥1,734.50
JP¥1,911.67
+10.2%
7.8%JP¥2,200.00JP¥1,700.00JP¥2,032.006
Oct ’24JP¥1,760.00
JP¥1,970.00
+11.9%
6.8%JP¥2,200.00JP¥1,840.00JP¥2,100.506
Sep ’24JP¥1,754.00
JP¥1,973.33
+12.5%
6.7%JP¥2,200.00JP¥1,840.00JP¥2,054.006
Aug ’24JP¥1,758.50
JP¥1,981.67
+12.7%
6.5%JP¥2,200.00JP¥1,840.00JP¥1,971.506
Jul ’24JP¥1,861.00
JP¥1,990.00
+6.9%
6.5%JP¥2,200.00JP¥1,840.00JP¥1,906.506
Jun ’24JP¥1,772.00
JP¥1,990.00
+12.3%
6.5%JP¥2,200.00JP¥1,840.00JP¥1,891.506
May ’24JP¥1,836.00
JP¥1,990.00
+8.4%
6.5%JP¥2,200.00JP¥1,840.00JP¥1,813.006
Apr ’24JP¥1,737.00
JP¥1,863.33
+7.3%
4.7%JP¥1,950.00JP¥1,750.00JP¥1,785.506
Mar ’24JP¥1,750.00
JP¥1,863.33
+6.5%
4.7%JP¥1,950.00JP¥1,750.00JP¥1,737.006
Feb ’24JP¥1,816.00
JP¥1,863.33
+2.6%
4.7%JP¥1,950.00JP¥1,750.00JP¥1,833.006
Jan ’24JP¥1,705.00
JP¥1,771.67
+3.9%
6.0%JP¥1,930.00JP¥1,650.00JP¥1,772.006
Dec ’23JP¥1,645.00
JP¥1,775.00
+7.9%
6.2%JP¥1,950.00JP¥1,650.00JP¥1,726.506
Nov ’23JP¥1,606.00
JP¥1,775.00
+10.5%
6.2%JP¥1,950.00JP¥1,650.00JP¥1,734.506

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

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