As of 2025-05-18, the Intrinsic Value of Hikari Business Form Co Ltd (3948.T) is 1,162.73 JPY. This 3948.T valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 997.00 JPY, the upside of Hikari Business Form Co Ltd is 16.60%.
The range of the Intrinsic Value is 995.35 - 1,708.60 JPY
Based on its market price of 997.00 JPY and our intrinsic valuation, Hikari Business Form Co Ltd (3948.T) is undervalued by 16.60%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 995.35 - 1,708.60 | 1,162.73 | 16.6% |
| DCF (Growth 10y) | 996.80 - 1,618.20 | 1,143.92 | 14.7% |
| DCF (EBITDA 5y) | 839.76 - 870.21 | 852.89 | -14.5% |
| DCF (EBITDA 10y) | 892.30 - 941.05 | 913.85 | -8.3% |
| Fair Value | 480.88 - 480.88 | 480.88 | -51.77% |
| P/E | 345.77 - 450.49 | 406.15 | -59.3% |
| EV/EBITDA | 786.42 - 951.05 | 864.11 | -13.3% |
| EPV | 3,126.19 - 4,165.46 | 3,645.82 | 265.7% |
| DDM - Stable | 332.06 - 1,373.33 | 852.70 | -14.5% |
| DDM - Multi | 599.29 - 1,588.82 | 835.41 | -16.2% |
| Market Cap (mil) | 5,802.54 |
| Beta | 0.44 |
| Outstanding shares (mil) | 5.82 |
| Enterprise Value (mil) | 2,179.01 |
| Market risk premium | 6.13% |
| Cost of Equity | 5.83% |
| Cost of Debt | 4.25% |
| WACC | 5.74% |