Nippon Paint Holdings Co., Ltd.

TSE:4612 Stock Report

Market Cap: JP¥2.4t

Nippon Paint Holdings Valuation

Is 4612 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 4612 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 4612 (¥1039) is trading below our estimate of future cash flow value (¥2229.43)

Significantly Below Future Cash Flow Value: 4612 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4612?

Key metric: As 4612 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4612. This is calculated by dividing 4612's market cap by their current earnings.
What is 4612's PE Ratio?
PE Ratio12.3x
EarningsJP¥195.63b
Market CapJP¥2.44t

Price to Earnings Ratio vs Peers

How does 4612's PE Ratio compare to its peers?

The above table shows the PE ratio for 4612 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.7x
6988 Nitto Denko
15.9x5.27%JP¥2.1t
4186 Tokyo Ohka Kogyo
36.1x12.33%JP¥1.4t
4203 Sumitomo Bakelite
23.6x11.15%JP¥654.0b
4626 Taiyo Holdings
23.3x3.20%JP¥552.6b
4612 Nippon Paint Holdings
12.3x5.94%JP¥2.4t

Price-To-Earnings vs Peers: 4612 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (24.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 4612's PE Ratio compare vs other companies in the JP Chemicals Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
4222 Kodama Chemical IndustryLtd
0.4xn/aUS$61.20m
No more companies available in this PE range
4612 12.3xIndustry Avg. 13.3xNo. of Companies24PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4612 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the JP Chemicals industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is 4612'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.

4612 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: 4612 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).

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 4612 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,039.00
JP¥1,230.91
+18.47%
12.88%JP¥1,500.00JP¥1,080.00n/a11
Jun ’27JP¥1,025.00
JP¥1,193.00
+16.39%
11.48%JP¥1,460.00JP¥1,080.00n/a10
May ’27JP¥980.30
JP¥1,235.45
+26.03%
14.12%JP¥1,600.00JP¥1,050.00n/a11
Apr ’27JP¥1,000.00
JP¥1,241.82
+24.18%
13.65%JP¥1,600.00JP¥1,050.00n/a11
Mar ’27JP¥1,157.00
JP¥1,260.00
+8.90%
12.56%JP¥1,600.00JP¥1,050.00n/a11
Feb ’27JP¥1,024.50
JP¥1,240.00
+21.03%
13.10%JP¥1,600.00JP¥1,050.00n/a11
Jan ’27JP¥1,047.50
JP¥1,245.45
+18.90%
12.85%JP¥1,600.00JP¥1,050.00n/a11
Dec ’26JP¥1,017.50
JP¥1,254.55
+23.30%
13.20%JP¥1,600.00JP¥1,050.00n/a11
Nov ’26JP¥982.50
JP¥1,272.73
+29.54%
11.37%JP¥1,550.00JP¥1,090.00n/a11
Oct ’26JP¥1,011.00
JP¥1,284.42
+27.04%
11.20%JP¥1,550.00JP¥1,090.00n/a12
Sep ’26JP¥1,076.00
JP¥1,292.75
+20.14%
10.49%JP¥1,550.00JP¥1,090.00n/a12
Aug ’26JP¥1,286.50
JP¥1,306.92
+1.59%
11.91%JP¥1,550.00JP¥1,050.00n/a12
Jul ’26JP¥1,150.50
JP¥1,301.18
+13.10%
12.40%JP¥1,550.00JP¥1,050.00JP¥1,039.0011
Jun ’26JP¥1,089.50
JP¥1,210.27
+11.09%
9.62%JP¥1,413.00JP¥1,050.00JP¥1,025.0011
May ’26JP¥1,081.50
JP¥1,196.64
+10.65%
10.62%JP¥1,413.00JP¥1,050.00JP¥980.3011
Apr ’26JP¥1,142.50
JP¥1,219.30
+6.72%
11.07%JP¥1,430.00JP¥1,050.00JP¥1,000.0010
Mar ’26JP¥1,113.50
JP¥1,191.30
+6.99%
9.92%JP¥1,413.00JP¥1,050.00JP¥1,157.0010
Feb ’26JP¥982.50
JP¥1,154.00
+17.46%
9.41%JP¥1,300.00JP¥1,000.00JP¥1,024.5010
Jan ’26JP¥1,023.50
JP¥1,189.09
+16.18%
8.68%JP¥1,340.00JP¥1,030.00JP¥1,047.5011
Dec ’25JP¥1,023.50
JP¥1,170.91
+14.40%
8.51%JP¥1,340.00JP¥1,030.00JP¥1,017.5011
Nov ’25JP¥1,134.50
JP¥1,156.36
+1.93%
11.98%JP¥1,380.00JP¥940.00JP¥982.5011
Oct ’25JP¥1,095.00
JP¥1,162.73
+6.19%
12.89%JP¥1,450.00JP¥940.00JP¥1,011.0011
Sep ’25JP¥922.20
JP¥1,202.27
+30.37%
11.08%JP¥1,450.00JP¥950.00JP¥1,076.0011
Aug ’25JP¥929.40
JP¥1,212.50
+30.46%
10.23%JP¥1,450.00JP¥1,050.00JP¥1,286.5010
Jul ’25JP¥1,041.00
JP¥1,230.56
+18.21%
9.55%JP¥1,450.00JP¥1,100.00JP¥1,150.509
JP¥1.23k
Fair Value
15.6% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/01 07:53
End of Day Share Price 2026/07/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Nippon Paint Holdings Co., Ltd. is covered by 16 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Takashi EnomotoBofA Global Research
Yuta NishiyamaCitigroup Inc
Yifan ZhangCLSA