GMO internet group, Inc.

TSE:9449 Stock Report

Market Cap: JP¥276.1b

GMO internet group Valuation

Is 9449 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 9449 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9449 (¥2578.5) is trading below our estimate of fair value (¥6525.5)

Significantly Below Fair Value: 9449 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9449?

Key metric: As 9449 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9449. This is calculated by dividing 9449's market cap by their current earnings.
What is 9449's PE Ratio?
PE Ratio18.4x
EarningsJP¥14.77b
Market CapJP¥276.07b

Price to Earnings Ratio vs Peers

How does 9449's PE Ratio compare to its peers?

The above table shows the PE ratio for 9449 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average78.2x
3778 SAKURA Internet
163.7x48.9%JP¥194.2b
5036 Japan Business Systems
29.2x46.9%JP¥44.3b
4475 Hennge K.K
54.4xn/aJP¥45.0b
4477 BASEInc
65.4x39.0%JP¥38.9b
9449 GMO internet group
18.4x16.0%JP¥272.0b

Price-To-Earnings vs Peers: 9449 is good value based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (78.2x).

Price to Earnings Ratio vs Industry

How does 9449's PE Ratio compare vs other companies in the JP IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
9449 18.4xIndustry Avg. 18.0xNo. of Companies31PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9449 is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the JP IT industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is 9449'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.

9449 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ratio28.2x

Price-To-Earnings vs Fair Ratio: 9449 is good value based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (28.2x).

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 9449 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥2,578.50
JP¥3,010.00
+16.7%
6.0%JP¥3,340.00JP¥2,800.00n/a5
Nov ’25JP¥2,590.50
JP¥3,010.00
+16.2%
6.0%JP¥3,340.00JP¥2,800.00n/a5
Oct ’25JP¥2,503.00
JP¥3,010.00
+20.3%
6.0%JP¥3,340.00JP¥2,800.00n/a5
Sep ’25JP¥2,516.50
JP¥3,010.00
+19.6%
6.0%JP¥3,340.00JP¥2,800.00n/a5
Aug ’25JP¥2,353.50
JP¥2,934.00
+24.7%
8.8%JP¥3,340.00JP¥2,530.00n/a5
Jul ’25JP¥2,421.50
JP¥2,894.00
+19.5%
9.0%JP¥3,340.00JP¥2,530.00n/a5
Jun ’25JP¥2,476.00
JP¥2,894.00
+16.9%
9.0%JP¥3,340.00JP¥2,530.00n/a5
May ’25JP¥2,549.50
JP¥2,914.00
+14.3%
10.5%JP¥3,340.00JP¥2,530.00n/a5
Apr ’25JP¥2,767.00
JP¥2,914.00
+5.3%
10.5%JP¥3,340.00JP¥2,530.00n/a5
Mar ’25JP¥2,725.50
JP¥2,914.00
+6.9%
10.5%JP¥3,340.00JP¥2,530.00n/a5
Feb ’25JP¥2,657.50
JP¥2,814.00
+5.9%
9.8%JP¥3,340.00JP¥2,530.00n/a5
Jan ’25JP¥2,563.00
JP¥2,662.50
+3.9%
2.9%JP¥2,720.00JP¥2,530.00n/a4
Dec ’24JP¥2,373.00
JP¥2,670.00
+12.5%
2.6%JP¥2,720.00JP¥2,530.00n/a5
Nov ’24JP¥2,218.50
JP¥2,650.00
+19.5%
2.8%JP¥2,720.00JP¥2,530.00JP¥2,590.505
Oct ’24JP¥2,315.00
JP¥2,783.33
+20.2%
11.0%JP¥3,450.00JP¥2,530.00JP¥2,503.006
Sep ’24JP¥2,371.50
JP¥2,830.00
+19.3%
11.1%JP¥3,450.00JP¥2,530.00JP¥2,516.506
Aug ’24JP¥2,805.00
JP¥2,940.00
+4.8%
8.6%JP¥3,450.00JP¥2,700.00JP¥2,353.506
Jul ’24JP¥2,750.00
JP¥2,940.00
+6.9%
8.6%JP¥3,450.00JP¥2,700.00JP¥2,421.506
Jun ’24JP¥2,542.00
JP¥3,005.71
+18.2%
11.3%JP¥3,600.00JP¥2,700.00JP¥2,476.007
May ’24JP¥2,702.00
JP¥3,005.71
+11.2%
11.3%JP¥3,600.00JP¥2,700.00JP¥2,549.507
Apr ’24JP¥2,567.00
JP¥2,985.71
+16.3%
11.9%JP¥3,600.00JP¥2,660.00JP¥2,767.007
Mar ’24JP¥2,554.00
JP¥2,974.29
+16.5%
14.2%JP¥3,600.00JP¥2,300.00JP¥2,725.507
Feb ’24JP¥2,579.00
JP¥2,974.29
+15.3%
14.2%JP¥3,600.00JP¥2,300.00JP¥2,657.507
Jan ’24JP¥2,466.00
JP¥3,045.71
+23.5%
11.0%JP¥3,600.00JP¥2,660.00JP¥2,563.007
Dec ’23JP¥2,540.00
JP¥2,977.50
+17.2%
12.1%JP¥3,600.00JP¥2,500.00JP¥2,373.008
Nov ’23JP¥2,608.00
JP¥3,013.33
+15.5%
11.4%JP¥3,600.00JP¥2,500.00JP¥2,218.509

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

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