Nippon Avionics Co., Ltd.

TSE:6946 Stock Report

Market Cap: JP¥36.7b

Nippon Avionics Valuation

Is 6946 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 6946 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6946 (¥2384) is trading below our estimate of fair value (¥2444.49)

Significantly Below Fair Value: 6946 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6946?

Key metric: As 6946 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6946. This is calculated by dividing 6946's market cap by their current earnings.
What is 6946's PE Ratio?
PE Ratio17.2x
EarningsJP¥2.14b
Market CapJP¥36.69b

Price to Earnings Ratio vs Peers

How does 6946's PE Ratio compare to its peers?

The above table shows the PE ratio for 6946 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.8x
6742 Kyosan Electric Manufacturing
9.1xn/aJP¥32.6b
3153 Yashima Denki
13xn/aJP¥33.1b
6644 Osaki Electric
21.2x29.5%JP¥34.4b
7723 Aichi Tokei Denki
11.7xn/aJP¥30.5b
6946 Nippon Avionics
17.2x13.9%JP¥36.7b

Price-To-Earnings vs Peers: 6946 is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (13.8x).

Price to Earnings Ratio vs Industry

How does 6946's PE Ratio compare vs other companies in the JP Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
6946 17.2xIndustry Avg. 13.3xNo. of Companies24PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6946 is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the JP Electronic industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is 6946'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.

6946 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.2x
Fair PE Ratio16.1x

Price-To-Earnings vs Fair Ratio: 6946 is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the estimated Fair Price-To-Earnings Ratio (16.1x).

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.

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