The Discounted Cash Flow (DCF) valuation of Subaru Enterprise Co Ltd (9632.T) is 4,756.14 JPY. With the latest stock price at 2,804.00 JPY, the upside of Subaru Enterprise Co Ltd based on DCF is 69.6%.
Based on the latest price of 2,804.00 JPY and our DCF valuation, Subaru Enterprise Co Ltd (9632.T) is a buy. Buying 9632.T stocks now will result in a potential gain of 69.6%.
Range | Selected | |
WACC / Discount Rate | 6.4% - 8.6% | 7.5% |
Long-term Growth Rate | 0.0% - 1.0% | 0.5% |
Fair Price | 4,171.88 - 5,675.73 | 4,756.14 |
Upside | 48.8% - 102.4% | 69.6% |
(JPY in millions) | Projections | |||||
01-2025 | 01-2026 | 01-2027 | 01-2028 | 01-2029 | 01-2030 | |
Revenue | 30,274 | 29,395 | 29,983 | 30,583 | 31,366 | 32,142 |
% Growth | 4% | -3% | 2% | 2% | 3% | 2% |
Cost of goods sold | (23,299) | (22,623) | (23,075) | (23,537) | (24,140) | (24,737) |
% of Revenue | 77% | 77% | 77% | 77% | 77% | 77% |
Selling, G&A expenses | (2,015) | (1,956) | (1,995) | (2,035) | (2,087) | (2,139) |
% of Revenue | 7% | 7% | 7% | 7% | 7% | 7% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (43) | (41) | (42) | (43) | (44) | (45) |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Tax expense | (1,675) | (1,546) | (1,577) | (1,608) | (1,649) | (1,690) |
Tax rate | 34% | 32% | 32% | 32% | 32% | 32% |
Net profit | 3,242 | 3,229 | 3,294 | 3,360 | 3,446 | 3,531 |
% Margin | 11% | 11% | 11% | 11% | 11% | 11% |