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Horiba Ltd
TSE:6856

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Horiba Ltd
TSE:6856
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Price: 21 630 JPY -0.32% Market Closed
Market Cap: ¥913.4B

P/FCFE

33.7
Current
79%
More Expensive
vs 3-y average of 18.8

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
33.7
=
Market Cap
¥876.7B
/
Free Cash Flow to Equity
¥26.9B

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
33.7
=
Market Cap
¥876.7B
/
Free Cash Flow to Equity
¥26.9B

Valuation Scenarios

Horiba Ltd is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (18.8), the stock would be worth ¥12 087.83 (44% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-58%
Maximum Upside
No Upside Scenarios
Average Downside
40%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 33.7 ¥21 630
0%
3-Year Average 18.8 ¥12 087.83
-44%
5-Year Average 14.1 ¥9 039.33
-58%
Industry Average 25.5 ¥16 365.8
-24%
Country Average 22.4 ¥14 341.72
-34%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
JP
Horiba Ltd
TSE:6856
908.4B JPY 33.7 24.5
JP
Keyence Corp
TSE:6861
18.5T JPY 46.1 41.7
US
Keysight Technologies Inc
NYSE:KEYS
60.5B USD 48.7 62.9
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
332.6B CNY 16.2 22.3
US
Teledyne Technologies Inc
NYSE:TDY
29.7B USD 51.6 31.8
SE
Hexagon AB
STO:HEXA B
266.4B SEK 27.7 12.2
TW
Chroma ATE Inc
TWSE:2360
898B TWD 370.1 76.8
CN
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
192.9B CNY -1 591.8 1 890.2
UK
Halma PLC
LSE:HLMA
17.2B GBP 48.3 49.3
CN
Huagong Tech Co Ltd
SZSE:000988
120.2B CNY -430.2 81.7
US
Trimble Inc
NASDAQ:TRMB
16.1B USD 55 38

Market Distribution

In line with most companies in Japan
Percentile
68th
Based on 3 849 companies
68th percentile
33.7
Low
0.1 — 14.9
Typical Range
14.9 — 35
High
35 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 14.9
Median 22.4
70th Percentile 35
Max 736 044 589.7

Horiba Ltd
Glance View

Market Cap
913.4B JPY
Industry
Electrical Equipment

Horiba Ltd. is a fascinating narrative of precision and adaptation within the manufacturing sector. Established in 1945, the company started its journey in Japan, initially focusing on glass electrode pH meters. With a keen eye on innovation and an uncanny ability to diversify, Horiba evolved beyond its humble beginnings into a global powerhouse in measuring instruments and systems. Known for its quality and precision, Horiba serves an array of industries with solutions that address scientific and analytical challenges. The company's expansive portfolio includes products tailored for automotive testing, environmental monitoring, medical diagnostics, and semiconductor manufacturing. Each segment contributes to its revenue stream, cementing Horiba's reputation for reliability and competence. Horiba's wealth of expertise in analytical technologies enables it to create niche products that significantly impact critical sectors. For instance, in the automotive sector, Horiba's emission measurement systems are instrumental in helping manufacturers adhere to stringent environmental regulations, generating significant business as industries strive for compliance. In medical diagnostics, its hematology analyzers equip hospitals and laboratories with tools crucial for patient care. Semiconductor manufacturers rely on Horiba's precision equipment to ensure quality and efficiency in their processes, especially as the demand for advanced technology grows. Through its strategic focus on high-quality, specialized products, Horiba Ltd. has successfully carved out lucrative niches in the global market, illustrating the power of innovation and specialization.

Intrinsic Value
13 953.98 JPY
Overvaluation 35%
Intrinsic Value
Price ¥21 630
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