Kusuri No Aoki Holdings Co., Ltd.

TSE:3549 Stock Report

Market Cap: JP¥369.7b

Kusuri No Aoki Holdings Valuation

Is 3549 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3549 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

JP¥3.52k
Fair Value
7.4% overvalued intrinsic discount
5
Number of Analysts

Below Fair Value: 3549 (¥3780) is trading above our estimate of fair value (¥3518.14)

Significantly Below Fair Value: 3549 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3549?

Key metric: As 3549 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3549. This is calculated by dividing 3549's market cap by their current earnings.
What is 3549's PE Ratio?
PE Ratio21x
EarningsJP¥17.57b
Market CapJP¥369.66b

Price to Earnings Ratio vs Peers

How does 3549's PE Ratio compare to its peers?

The above table shows the PE ratio for 3549 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.1x
141A Trial Holdings
22.7x7.33%JP¥266.7b
3199 WatahanLtd
13.2xn/aJP¥27.9b
9890 Makiya
7.6xn/aJP¥12.2b
417A Blue Zones HoldingsLtd
16.8x7.23%JP¥340.0b
3549 Kusuri No Aoki Holdings
21x8.93%JP¥369.7b

Price-To-Earnings vs Peers: 3549 is expensive based on its Price-To-Earnings Ratio (21x) compared to the peer average (15.1x).

Price to Earnings Ratio vs Industry

How does 3549's PE Ratio compare vs other companies in the JP Consumer Retailing Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
3549 21.0xIndustry Avg. 13.1xNo. of Companies17PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3549 is expensive based on its Price-To-Earnings Ratio (21x) compared to the JP Consumer Retailing industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is 3549'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.

3549 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: 3549 is expensive based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (19x).

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 3549 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥3,780.00
JP¥4,196.00
+11.01%
5.27%JP¥4,580.00JP¥3,900.00n/a5
Oct ’26JP¥3,917.00
JP¥4,194.00
+7.07%
5.19%JP¥4,570.00JP¥3,900.00n/a5
Sep ’26JP¥3,950.00
JP¥4,114.00
+4.15%
6.52%JP¥4,570.00JP¥3,800.00n/a5
Aug ’26JP¥4,111.00
JP¥4,094.00
-0.41%
6.47%JP¥4,570.00JP¥3,800.00n/a5
Jul ’26JP¥3,662.00
JP¥3,876.00
+5.84%
10.11%JP¥4,380.00JP¥3,200.00n/a5
Jun ’26JP¥3,535.00
JP¥3,840.00
+8.63%
9.40%JP¥4,300.00JP¥3,200.00n/a5
May ’26JP¥3,415.00
JP¥3,880.00
+13.62%
9.42%JP¥4,300.00JP¥3,200.00n/a5
Apr ’26JP¥3,467.00
JP¥3,900.00
+12.49%
8.43%JP¥4,300.00JP¥3,300.00n/a5
Mar ’26JP¥3,122.00
JP¥3,897.50
+24.84%
9.36%JP¥4,290.00JP¥3,300.00n/a4
Feb ’26JP¥3,310.00
JP¥3,898.00
+17.76%
8.37%JP¥4,290.00JP¥3,300.00n/a5
Jan ’26JP¥3,256.00
JP¥3,898.00
+19.72%
8.37%JP¥4,290.00JP¥3,300.00n/a5
Dec ’25JP¥3,455.00
JP¥3,862.00
+11.78%
7.48%JP¥4,110.00JP¥3,300.00n/a5
Nov ’25JP¥3,125.00
JP¥3,862.00
+23.58%
7.48%JP¥4,110.00JP¥3,300.00n/a5
Oct ’25JP¥3,270.00
JP¥3,810.00
+16.51%
6.86%JP¥4,000.00JP¥3,300.00JP¥3,917.005
Sep ’25JP¥3,339.00
JP¥3,696.00
+10.69%
9.02%JP¥4,000.00JP¥3,280.00JP¥3,950.005
Aug ’25JP¥3,126.00
JP¥3,650.00
+16.76%
9.78%JP¥4,000.00JP¥3,200.00JP¥4,111.004
Jul ’25JP¥3,061.00
JP¥3,650.00
+19.24%
9.78%JP¥4,000.00JP¥3,200.00JP¥3,662.004
Jun ’25JP¥3,180.00
JP¥3,625.00
+13.99%
10.39%JP¥4,000.00JP¥3,200.00JP¥3,535.004
May ’25JP¥2,855.00
JP¥3,625.00
+26.97%
10.39%JP¥4,000.00JP¥3,200.00JP¥3,415.004
Apr ’25JP¥3,100.00
JP¥3,723.33
+20.11%
7.74%JP¥4,000.00JP¥3,333.33JP¥3,467.004
Mar ’25JP¥3,092.00
JP¥3,719.08
+20.28%
6.05%JP¥3,900.00JP¥3,333.33JP¥3,122.004
Feb ’25JP¥3,162.00
JP¥3,735.27
+18.13%
5.46%JP¥3,900.00JP¥3,333.33JP¥3,310.005
Jan ’25JP¥3,207.00
JP¥3,741.93
+16.68%
5.52%JP¥3,900.00JP¥3,333.33JP¥3,256.005
Dec ’24JP¥3,443.00
JP¥3,534.00
+2.64%
7.02%JP¥3,833.33JP¥3,267.00JP¥3,455.005
Nov ’24JP¥3,222.33
JP¥3,507.33
+8.84%
6.28%JP¥3,833.33JP¥3,266.67JP¥3,125.005
Oct ’24JP¥2,885.33
JP¥3,241.67
+12.35%
9.55%JP¥3,700.00JP¥2,833.33JP¥3,270.004
JP¥4.2k
Fair Value
9.9% undervalued intrinsic discount
5
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 Analysis2025/10/17 04:19
End of Day Share Price 2025/10/17 00:00
Earnings2025/08/20
Annual Earnings2025/05/20

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

Kusuri No Aoki Holdings Co., Ltd. is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Arashi NishizawaBofA Global Research
Nigel MustonCLSA
Jun KawaharaDaiwa Securities Co. Ltd.