Tri Chemical Laboratories Inc.

TSE:4369 Stock Report

Market Cap: JP¥90.0b

Tri Chemical Laboratories Valuation

Is 4369 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 4369 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4369 (¥2836) is trading below our estimate of fair value (¥8284.58)

Significantly Below Fair Value: 4369 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4369?

Key metric: As 4369 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4369. This is calculated by dividing 4369's market cap by their current earnings.
What is 4369's PE Ratio?
PE Ratio30.2x
EarningsJP¥3.05b
Market CapJP¥90.02b

Price to Earnings Ratio vs Peers

How does 4369's PE Ratio compare to its peers?

The above table shows the PE ratio for 4369 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.5x
6235 OptorunLtd
13.7x19.2%JP¥82.3b
6315 TOWA
14.5x20.8%JP¥121.7b
6590 Shibaura Mechatronics
12.1x9.5%JP¥105.7b
6871 Micronics Japan
17.6x28.7%JP¥143.7b
4369 Tri Chemical Laboratories
30.2x35.6%JP¥90.0b

Price-To-Earnings vs Peers: 4369 is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the peer average (14.5x).

Price to Earnings Ratio vs Industry

How does 4369's PE Ratio compare vs other companies in the JP Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
3856 Abalance
1.5xn/aUS$95.48m
No more companies available in this PE range
4369 30.2xIndustry Avg. 13.8xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4369 is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the JP Semiconductor industry average (13.8x).

Price to Earnings Ratio vs Fair Ratio

What is 4369'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.

4369 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.2x
Fair PE Ratio22x

Price-To-Earnings vs Fair Ratio: 4369 is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the estimated Fair Price-To-Earnings Ratio (22x).

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 4369 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥2,836.00
JP¥5,925.00
+108.9%
23.5%JP¥8,200.00JP¥4,500.00n/a4
Nov ’25JP¥3,005.00
JP¥5,925.00
+97.2%
23.5%JP¥8,200.00JP¥4,500.00n/a4
Oct ’25JP¥3,485.00
JP¥6,050.00
+73.6%
20.9%JP¥8,200.00JP¥5,100.00n/a4
Sep ’25JP¥3,775.00
JP¥6,025.00
+59.6%
21.2%JP¥8,200.00JP¥5,100.00n/a4
Aug ’25JP¥3,615.00
JP¥6,025.00
+66.7%
21.2%JP¥8,200.00JP¥5,100.00n/a4
Jul ’25JP¥4,230.00
JP¥6,700.00
+58.4%
16.1%JP¥8,200.00JP¥5,700.00n/a3
Jun ’25JP¥4,370.00
JP¥6,333.33
+44.9%
23.3%JP¥8,200.00JP¥4,600.00n/a3
May ’25JP¥4,300.00
JP¥6,000.00
+39.5%
31.4%JP¥8,200.00JP¥3,600.00n/a3
Apr ’25JP¥4,525.00
JP¥6,100.00
+34.8%
31.1%JP¥8,200.00JP¥3,600.00n/a3
Mar ’25JP¥4,900.00
JP¥4,500.00
-8.2%
23.7%JP¥6,000.00JP¥3,600.00n/a3
Feb ’25JP¥3,655.00
JP¥4,500.00
+23.1%
23.7%JP¥6,000.00JP¥3,600.00n/a3
Jan ’25JP¥3,610.00
JP¥4,750.00
+31.6%
26.3%JP¥6,000.00JP¥3,500.00n/a2
Dec ’24JP¥3,745.00
JP¥4,500.00
+20.2%
24.0%JP¥6,000.00JP¥3,500.00n/a3
Nov ’24JP¥3,225.00
JP¥3,833.33
+18.9%
6.1%JP¥4,000.00JP¥3,500.00JP¥3,005.003
Oct ’24JP¥3,100.00
JP¥3,800.00
+22.6%
7.4%JP¥4,000.00JP¥3,400.00JP¥3,485.003
Sep ’24JP¥2,693.00
JP¥3,550.00
+31.8%
9.8%JP¥4,000.00JP¥3,150.00JP¥3,775.003
Aug ’24JP¥2,686.00
JP¥3,500.00
+30.3%
11.7%JP¥4,000.00JP¥3,000.00JP¥3,615.003
Jul ’24JP¥2,789.00
JP¥3,533.33
+26.7%
10.4%JP¥4,000.00JP¥3,100.00JP¥4,230.003
Jun ’24JP¥2,569.00
JP¥3,383.33
+31.7%
15.1%JP¥4,000.00JP¥2,750.00JP¥4,370.003
May ’24JP¥2,192.00
JP¥3,266.67
+49.0%
20.2%JP¥4,000.00JP¥2,400.00JP¥4,300.003
Apr ’24JP¥2,423.00
JP¥3,300.00
+36.2%
18.7%JP¥4,000.00JP¥2,500.00JP¥4,525.003
Mar ’24JP¥2,384.00
JP¥3,333.33
+39.8%
25.5%JP¥4,500.00JP¥2,500.00JP¥4,900.003
Feb ’24JP¥2,381.00
JP¥3,333.33
+40.0%
25.5%JP¥4,500.00JP¥2,500.00JP¥3,655.003
Jan ’24JP¥1,988.00
JP¥3,850.00
+93.7%
16.9%JP¥4,500.00JP¥3,200.00JP¥3,610.002
Dec ’23JP¥2,567.00
JP¥3,750.00
+46.1%
14.7%JP¥4,300.00JP¥3,200.00JP¥3,745.002
Nov ’23JP¥2,235.00
JP¥3,750.00
+67.8%
14.7%JP¥4,300.00JP¥3,200.00JP¥3,225.002

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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