Keyence Corporation

OTCPK:KYCC.F Stock Report

Market Cap: US$99.4b

Keyence Valuation

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

Below Fair Value: KYCC.F ($409.92) is trading above our estimate of fair value ($201.48)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KYCC.F. This is calculated by dividing KYCC.F's market cap by their current earnings.
What is KYCC.F's PE Ratio?
PE Ratio41.1x
EarningsJP¥380.32b
Market CapJP¥15.63t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KYCC.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.9x
KEYS Keysight Technologies
45.1x15.3%US$27.7b
TDY Teledyne Technologies
23x0.5%US$21.4b
TRMB Trimble
11.7x-53.2%US$17.3b
ZBRA Zebra Technologies
52x20.7%US$19.8b
KYCC.F Keyence
41.1x10.5%US$15.6t

Price-To-Earnings vs Peers: KYCC.F is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the peer average (32.9x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SHMD SCHMID Group
3.6xn/aUS$137.95m
DSWL Deswell Industries
3.7xn/aUS$37.93m
SGE Strong Global Entertainment
3.8xn/aUS$12.27m
SMX SMX (Security Matters)
0.5xn/aUS$836.12k
KYCC.F 41.1xIndustry Avg. 24.9xNo. of Companies10PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KYCC.F is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the US Electronic industry average (24.9x).

Price to Earnings Ratio vs Fair Ratio

What is KYCC.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.

KYCC.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.1x
Fair PE Ratio28.7x

Price-To-Earnings vs Fair Ratio: KYCC.F is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the estimated Fair Price-To-Earnings Ratio (28.7x).

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 KYCC.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$409.92
US$519.63
+26.8%
13.2%US$622.27US$347.16n/a17
Dec ’25US$426.00
US$524.90
+23.2%
13.5%US$627.24US$349.93n/a16
Nov ’25US$448.05
US$517.79
+15.6%
13.8%US$619.71US$345.73n/a16
Oct ’25US$499.00
US$572.02
+14.6%
13.9%US$710.71US$376.67n/a15
Sep ’25US$474.61
US$546.59
+15.2%
14.7%US$691.07US$366.26n/a16
Aug ’25US$415.55
US$512.82
+23.4%
14.1%US$623.42US$344.18n/a16
Jul ’25US$438.24
US$501.24
+14.4%
14.6%US$610.48US$314.88n/a16
Jun ’25US$449.99
US$494.25
+9.8%
14.2%US$608.30US$313.76n/a16
May ’25US$445.50
US$481.34
+8.0%
13.9%US$601.68US$310.34n/a15
Apr ’25US$466.20
US$500.58
+7.4%
13.4%US$601.36US$323.81n/a16
Mar ’25US$483.25
US$495.97
+2.6%
13.0%US$607.01US$326.85n/a17
Feb ’25US$455.20
US$491.25
+7.9%
13.8%US$611.06US$332.69n/a17
Jan ’25US$436.00
US$491.25
+12.7%
13.8%US$611.06US$332.69n/a17
Dec ’24US$426.61
US$484.59
+13.6%
14.1%US$606.73US$330.33US$426.0017
Nov ’24US$391.00
US$480.18
+22.8%
14.3%US$603.77US$328.72US$448.0518
Oct ’24US$375.25
US$485.62
+29.4%
13.3%US$572.81US$330.21US$499.0018
Sep ’24US$415.80
US$488.01
+17.4%
13.0%US$567.62US$335.10US$474.6117
Aug ’24US$424.39
US$514.43
+21.2%
13.9%US$588.27US$347.29US$415.5517
Jul ’24US$471.14
US$504.68
+7.1%
15.7%US$627.16US$299.64US$438.2417
Jun ’24US$497.67
US$510.63
+2.6%
14.9%US$629.66US$307.67US$449.9918
May ’24US$464.34
US$518.91
+11.8%
14.7%US$657.16US$321.11US$445.5017
Apr ’24US$490.00
US$506.89
+3.4%
14.3%US$647.09US$316.19US$466.2017
Mar ’24US$434.25
US$504.02
+16.1%
14.2%US$646.19US$315.75US$483.2517
Feb ’24US$469.00
US$523.52
+11.6%
15.1%US$683.07US$333.77US$455.2017
Jan ’24US$391.91
US$511.74
+30.6%
13.9%US$649.81US$324.90US$436.0018
Dec ’23US$427.83
US$479.36
+12.0%
13.3%US$609.03US$304.52US$426.6119

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 06:18
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/20
Annual Earnings2024/03/20

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Keyence Corporation is covered by 27 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher CintaveyBNP Paribas Securities (Asia)
Kenjin HottaBofA Global Research
Hazim BahariCFRA Equity Research