R&D ComputerLtd Valuation

Is 3924 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 3924 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3924 (¥658) is trading below our estimate of fair value (¥2156.55)

Significantly Below Fair Value: 3924 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3924?

Key metric: As 3924 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3924. This is calculated by dividing 3924's market cap by their current earnings.
What is 3924's PE Ratio?
PE Ratio	11x
Earnings	JP¥1.07b
Market Cap	JP¥11.81b

3924 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/Revenue	0.6x
Enterprise Value/EBITDA	4.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 3924's PE Ratio compare to its peers?

The above table shows the PE ratio for 3924 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	69.1x
5248 TECHNOLOGIES	106.8x	n/a	JP¥11.7b
5026 TripleizeLtd	140.2x	n/a	JP¥10.7b
4761 SAKURA KCS	13.9x	n/a	JP¥12.0b
3776 BroadBand Tower	15.5x	n/a	JP¥11.6b
3924 R&D ComputerLtd	11x	n/a	JP¥11.8b

Price-To-Earnings vs Peers: 3924 is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (69.1x).

Price to Earnings Ratio vs Industry

How does 3924's PE Ratio compare vs other companies in the JP IT Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 3924 is good value based on its Price-To-Earnings Ratio (11x) compared to the JP IT industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is 3924'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.

3924 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3924's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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