The Discounted Cash Flow (DCF) valuation of Daitobo Co Ltd (3202.T) is 80.33 JPY. With the latest stock price at 111.00 JPY, the upside of Daitobo Co Ltd based on DCF is -27.6%.

Is 3202.T a buy or a sell?

Based on the latest price of 111.00 JPY and our DCF valuation, Daitobo Co Ltd (3202.T) is a sell. Selling 3202.T stocks now will result in a potential gain of 27.6%.

	Range	Selected
WACC / Discount Rate	3.8% - 7.7%	5.8%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	(75.54) - 1,351.29	80.33
Upside	-168.1% - 1117.4%	-27.6%

111.00 JPY

Stock Price

80.33 JPY

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

3202.T DCF Valuation: Revenue & Expenses Forecast

(JPY in millions)		Projections

	03-2025	03-2026	03-2027	03-2028	03-2029	03-2030

Revenue	4,107	4,324	4,410	4,499	4,778	4,874
% Growth	2%	5%	2%	2%	6%	2%

Cost of goods sold	(2,797)	(2,886)	(2,885)	(2,884)	(3,002)	(3,001)
% of Revenue	68%	67%	65%	64%	63%	62%

Selling, G&A expenses	(994)	(1,046)	(1,067)	(1,089)	(1,156)	(1,180)
% of Revenue	24%	24%	24%	24%	24%	24%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(193)	(204)	(208)	(212)	(225)	(230)
% of Revenue	5%	5%	5%	5%	5%	5%

Tax expense	(67)	(57)	(77)	(96)	(121)	(142)
Tax rate	55%	31%	31%	31%	31%	31%

Net profit	55	130	173	218	274	322
% Margin	1%	3%	4%	5%	6%	7%