Mimaki Engineering Co., Ltd.

TSE:6638 Stock Report

Market Cap: JP¥44.4b

Mimaki Engineering Valuation

Is 6638 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 6638 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6638 (¥1538) is trading below our estimate of fair value (¥4547.65)

Significantly Below Fair Value: 6638 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6638?

Key metric: As 6638 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6638. This is calculated by dividing 6638's market cap by their current earnings.
What is 6638's PE Ratio?
PE Ratio8x
EarningsJP¥5.55b
Market CapJP¥44.38b

Price to Earnings Ratio vs Peers

How does 6638's PE Ratio compare to its peers?

The above table shows the PE ratio for 6638 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
6676 Melco Holdings
9x-25.5%JP¥33.2b
6727 Wacom
23.6x17.9%JP¥100.0b
6737 EIZO
22.3x16.0%JP¥90.0b
6750 Elecom
12.3x7.6%JP¥109.2b
6638 Mimaki Engineering
8x10.0%JP¥44.4b

Price-To-Earnings vs Peers: 6638 is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

How does 6638's PE Ratio compare vs other companies in the JP Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
6638 8.0xIndustry Avg. 14.2xNo. of Companies5PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6638 is good value based on its Price-To-Earnings Ratio (8x) compared to the JP Tech industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is 6638'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.

6638 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: 6638 is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).

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

Maxell

JP¥71.9b

Manufactures and sells energy, functional materials, optics and systems, and life solution products in Japan, the Americas, Europe, Asia, and internationally.

6810

JP¥1,667.00

7D

-2.2%

1Y

-0.06%

Marubun

JP¥28.1b

Distributes electronics products in Japan and internationally.

7537

JP¥1,073.00

7D

1.1%

1Y

-23.1%

FUJIFILM Holdings

JP¥3.9t

Develops, manufactures, sells, and services imaging, healthcare, materials, and business innovation solutions worldwide.

4901

JP¥3,265.00

7D

-2.7%

1Y

12.8%