Internet Initiative Japan Inc.

TSE:3774 Stock Report

Market Cap: JP¥504.9b

Internet Initiative Japan Valuation

Is 3774 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 3774 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3774 (¥2854.5) is trading below our estimate of fair value (¥6746.91)

Significantly Below Fair Value: 3774 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3774?

Other financial metrics that can be useful for relative valuation.

3774 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/Revenue1.8x
Enterprise Value/EBITDA8.7x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does 3774's PE Ratio compare to its peers?

The above table shows the PE ratio for 3774 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.3x
9416 Vision
15.5x12.7%JP¥49.7b
4390 IPS
10.8x9.4%JP¥30.7b
4439 ToumeiLtd
20.5x17.8%JP¥31.8b
3830 Giga PrizeLtd
10.4x11.9%JP¥25.1b
3774 Internet Initiative Japan
25.8x13.7%JP¥504.9b

Price-To-Earnings vs Peers: 3774 is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

How does 3774's PE Ratio compare vs other companies in the Asian Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a4.7%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a4.7%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 3774 is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the Asian Telecom industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is 3774'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.

3774 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.8x
Fair PE Ratio16.2x

Price-To-Earnings vs Fair Ratio: 3774 is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).

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 3774 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥2,854.50
JP¥3,524.29
+23.5%
3.4%JP¥3,800.00JP¥3,400.00n/a7
Oct ’25JP¥3,041.00
JP¥3,438.57
+13.1%
6.2%JP¥3,800.00JP¥3,030.00n/a7
Sep ’25JP¥2,965.00
JP¥3,395.71
+14.5%
6.7%JP¥3,800.00JP¥3,030.00n/a7
Aug ’25JP¥2,474.00
JP¥3,255.71
+31.6%
9.4%JP¥3,800.00JP¥2,870.00n/a7
Jul ’25JP¥2,365.00
JP¥3,310.00
+40.0%
7.9%JP¥3,800.00JP¥3,000.00n/a7
Jun ’25JP¥2,214.50
JP¥3,361.67
+51.8%
7.4%JP¥3,800.00JP¥3,020.00n/a6
May ’25JP¥2,684.00
JP¥3,386.67
+26.2%
6.4%JP¥3,800.00JP¥3,170.00n/a6
Apr ’25JP¥2,819.50
JP¥3,386.67
+20.1%
6.4%JP¥3,800.00JP¥3,170.00n/a6
Mar ’25JP¥2,787.50
JP¥3,253.33
+16.7%
9.0%JP¥3,800.00JP¥2,850.00n/a6
Feb ’25JP¥2,906.00
JP¥3,253.33
+12.0%
9.0%JP¥3,800.00JP¥2,850.00n/a6
Jan ’25JP¥2,884.00
JP¥3,253.33
+12.8%
9.0%JP¥3,800.00JP¥2,850.00n/a6
Dec ’24JP¥2,645.00
JP¥3,246.67
+22.7%
8.9%JP¥3,800.00JP¥2,850.00n/a6
Nov ’24JP¥2,481.50
JP¥3,296.67
+32.8%
11.8%JP¥4,100.00JP¥2,850.00JP¥2,854.506
Oct ’24JP¥2,417.50
JP¥3,325.71
+37.6%
11.1%JP¥4,100.00JP¥2,850.00JP¥3,041.007
Sep ’24JP¥2,570.00
JP¥3,435.00
+33.7%
11.0%JP¥4,100.00JP¥2,850.00JP¥2,965.008
Aug ’24JP¥2,640.50
JP¥3,251.43
+23.1%
12.6%JP¥3,800.00JP¥2,500.00JP¥2,474.007
Jul ’24JP¥2,700.50
JP¥3,160.00
+17.0%
11.7%JP¥3,500.00JP¥2,500.00JP¥2,365.006
Jun ’24JP¥2,787.00
JP¥3,118.33
+11.9%
11.4%JP¥3,500.00JP¥2,500.00JP¥2,214.506
May ’24JP¥2,773.00
JP¥2,951.67
+6.4%
10.4%JP¥3,480.00JP¥2,500.00JP¥2,684.006
Apr ’24JP¥2,748.00
JP¥2,965.71
+7.9%
9.6%JP¥3,480.00JP¥2,500.00JP¥2,819.507
Mar ’24JP¥2,739.00
JP¥2,807.86
+2.5%
7.0%JP¥3,050.00JP¥2,500.00JP¥2,787.507
Feb ’24JP¥2,388.00
JP¥2,807.86
+17.6%
7.0%JP¥3,050.00JP¥2,500.00JP¥2,906.007
Jan ’24JP¥2,450.00
JP¥2,859.17
+16.7%
5.7%JP¥3,050.00JP¥2,600.00JP¥2,884.006
Dec ’23JP¥2,443.00
JP¥2,859.17
+17.0%
5.7%JP¥3,050.00JP¥2,600.00JP¥2,645.006
Nov ’23JP¥2,330.00
JP¥2,805.00
+20.4%
7.1%JP¥3,050.00JP¥2,480.00JP¥2,481.507

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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