f-code Valuation

Q: What is the Fair Price of 9211 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

9211 (¥1351) is trading above our estimate of [[fair value]] (¥1259.93)

Is 9211 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 9211 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9211 (¥1351) is trading above our estimate of fair value (¥1259.93)

Significantly Below Fair Value: 9211 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9211?

Key metric: As 9211 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9211. This is calculated by dividing 9211's market cap by their current earnings.
What is 9211's PE Ratio?
PE Ratio	20.6x
Earnings	JP¥795.11m
Market Cap	JP¥16.36b

9211 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	4.1x
Enterprise Value/EBITDA	12.3x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

How does 9211's PE Ratio compare to its peers?

The above table shows the PE ratio for 9211 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	42.4x
2335 Cube System	13.2x	n/a	JP¥16.2b
4299 HIMACS	12.9x	n/a	JP¥16.2b
3937 Ubicom Holdings	24.8x	31.2%	JP¥16.6b
4011 HeadwatersLtd	118.6x	n/a	JP¥16.6b
9211 f-code	20.6x	22.4%	JP¥16.4b

Price-To-Earnings vs Peers: 9211 is good value based on its Price-To-Earnings Ratio (20.6x) compared to the peer average (42.4x).

Price to Earnings Ratio vs Industry

How does 9211'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: 9211 is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the JP IT industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is 9211'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.

9211 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	20.6x
Fair PE Ratio	19.7x

Price-To-Earnings vs Fair Ratio: 9211 is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

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.

Discover undervalued companies

GRCS

JP¥1.9b

Engages in the provision of Governance, Risk, and Compliance (GRC) software, as well as security products in Japan and internationally.

9250

JP¥1,411.00

-2.4%

-18.8%

ID Holdings

JP¥27.0b

Provides information technology (IT) services in Japan.

4709

JP¥1,610.00

2.5%

6.3%

WingArc1st

JP¥111.2b

Develops and sells software and services in Japan.

4432

JP¥3,225.00

-4.0%

2.5%