MS&AD Insurance Group Holdings, Inc.

OTCPK:MSAD.F Stock Report

Market Cap: US$34.4b

MS&AD Insurance Group Holdings Valuation

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

Below Fair Value: MSAD.F ($23.69) is trading below our estimate of fair value ($58.9)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MSAD.F?

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

The above table shows the Price to Earnings ratio for MSAD.F. This is calculated by dividing MSAD.F's market cap by their current earnings.
What is MSAD.F's PE Ratio?
PE Ratio7.1x
EarningsJP¥740.74b
Market CapJP¥5.26t

Price to Earnings Ratio vs Peers

How does MSAD.F's PE Ratio compare to its peers?

The above table shows the PE ratio for MSAD.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.5x
HIG Hartford Financial Services Group
11.8x7.7%US$35.2b
ACGL Arch Capital Group
6.6x-14.7%US$37.5b
CINF Cincinnati Financial
8.1x-38.3%US$24.9b
WRB W. R. Berkley
15.5x4.4%US$24.0b
MSAD.F MS&AD Insurance Group Holdings
7.1x-0.9%US$5.3t

Price-To-Earnings vs Peers: MSAD.F is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (10.5x).

Price to Earnings Ratio vs Industry

How does MSAD.F's PE Ratio compare vs other companies in the US Insurance Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UTGN UTG
2xn/aUS$89.08m
AORE.F American Overseas Group
2.1xn/aUS$16.68m
CUII China United Insurance Service
0.0003xn/aUS$3.13k
No more companies available in this PE range
MSAD.F 7.1xIndustry Avg. 14.0xNo. of Companies14PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MSAD.F is good value based on its Price-To-Earnings Ratio (7.1x) compared to the US Insurance industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is MSAD.F'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.

MSAD.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MSAD.F's Price-To-Earnings 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?

The above table shows the analyst MSAD.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$23.69
US$24.44
+3.2%
15.7%US$32.67US$20.12n/a12
Nov ’25US$21.51
US$25.23
+17.3%
15.7%US$33.72US$20.77n/a12
Oct ’25US$22.87
US$26.35
+15.2%
15.5%US$35.10US$21.62n/a12
Sep ’25US$22.18
US$23.49
+5.9%
21.3%US$32.52US$13.01n/a11
Aug ’25US$22.93
US$23.49
+2.4%
21.3%US$32.52US$13.01n/a11
Jul ’25US$22.84
US$20.75
-9.2%
26.3%US$31.67US$12.67n/a11
Jun ’25US$20.91
US$17.49
-16.4%
20.6%US$25.43US$12.72n/a11
May ’25US$17.65
US$16.78
-4.9%
17.1%US$22.17US$12.67n/a11
Apr ’25US$17.78
US$16.92
-4.8%
17.7%US$22.24US$12.77n/a12
Mar ’25US$16.87
US$14.05
-16.7%
11.8%US$17.09US$11.70n/a11
Feb ’25US$13.91
US$13.63
-2.0%
11.0%US$16.92US$11.43n/a11
Jan ’25n/a
US$13.83
0%
9.8%US$16.93US$11.59n/a12
Dec ’24n/a
US$13.31
0%
10.2%US$16.52US$11.31n/a13
Nov ’24n/a
US$12.97
0%
12.0%US$16.24US$10.46US$21.5113
Oct ’24n/a
US$12.82
0%
12.8%US$16.46US$10.60US$22.8712
Sep ’24n/a
US$12.87
0%
13.2%US$16.68US$10.74US$22.1812
Aug ’24US$12.10
US$13.26
+9.6%
14.7%US$17.33US$11.16US$22.9311
Jul ’24n/a
US$12.43
0%
11.4%US$14.96US$10.82US$22.8411
Jun ’24n/a
US$11.60
0%
11.1%US$13.86US$9.64US$20.9110
May ’24US$11.07
US$12.11
+9.4%
10.2%US$13.94US$10.11US$17.6512
Apr ’24n/a
US$12.12
0%
11.1%US$13.98US$10.14US$17.7810
Mar ’24n/a
US$11.49
0%
9.3%US$12.87US$9.79US$16.8710
Feb ’24US$10.98
US$11.92
+8.5%
8.9%US$13.47US$10.25US$13.9111
Jan ’24n/a
US$11.78
0%
8.5%US$13.35US$10.07n/a13
Dec ’23n/a
US$11.61
0%
8.0%US$13.06US$10.05n/a13
Nov ’23US$8.90
US$10.43
+17.2%
7.7%US$11.79US$9.07n/a13

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

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