SMK Corporation

TSE:6798 Stock Report

Market Cap: JP¥15.4b

SMK Valuation

Is 6798 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 6798 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6798 (¥2428) is trading above our estimate of fair value (¥1333.93)

Significantly Below Fair Value: 6798 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6798?

Key metric: As 6798 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 6798. This is calculated by dividing 6798's market cap by their current revenue.
What is 6798's PS Ratio?
PS Ratio0.3x
SalesJP¥47.06b
Market CapJP¥15.39b

Price to Sales Ratio vs Peers

How does 6798's PS Ratio compare to its peers?

The above table shows the PS ratio for 6798 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
6962 Daishinku
0.4x7.4%JP¥17.2b
6521 OXIDE
2.4x21.3%JP¥16.2b
6989 Hokuriku Electric IndustryLtd
0.3xn/aJP¥13.2b
6618 Ohizumi Mfg
1.1xn/aJP¥12.0b
6798 SMK
0.3xn/aJP¥15.4b

Price-To-Sales vs Peers: 6798 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does 6798's PS Ratio compare vs other companies in the JP Electronic Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
6615 UMC Electronics
0.07xn/aUS$61.77m
6629 Techno HorizonLtd
0.09xn/aUS$29.61m
6635 Di-Nikko Engineering
0.08xn/aUS$21.33m
No more companies available in this PS range
6798 0.3xIndustry Avg. 0.6xNo. of Companies22PS00.40.81.21.62+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 6798 is good value based on its Price-To-Sales Ratio (0.3x) compared to the JP Electronic industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is 6798's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6798 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 6798's Price-To-Sales 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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