TOENEC CORPORATION

1946 TSE Construction Construction
TSE Prime
¥2,154.00
-3.80%
Delayed · cached 15 min

Fair value analysis

1946
TOENEC CORPORATION
ConstructionConstruction
¥2,154.00
Close used for this calculation
¥4,012.22Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
73/100
Profitability19/25
Returns16/25
Balance Sheet13/25
Efficiency25/25
Growth25/25
Strong
Quality radar
73Prof.19/25Ret.16/25Eff.25/25B.Sht13/25Growth25/25

Consensus fair value

¥4,012.22
Below FV
▲ +86.3% against the close used
Model range ¥2,589.73 – ¥5,773.26
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.

Price target range & 52-week position

Bear¥2,589.73Fair value¥4,012.22Bull¥5,773.26
FairClose
52-week traded range
52W low ¥1,353.0052W high ¥2,454.00

The 52-week range is measured from the stored price history, not estimated.

Valuation summary

Trading below the consensus fair value

TOENEC CORPORATION closed at ¥2,154.00, 46.3% below the consensus fair value of ¥4,012.22 drawn from 9 valuation models.

Financial DNA score 73/100 — Strong. P/E of 11.2x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥4,067.60
+88.8%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
¥2,664.29
+23.7%
√(22.5 × EPS × BVPS)
EPS=191.87, BVPS=1644.27
P/E Fair Value
¥3,837.40
+78.2%
EPS × 20x (sector P/E)
EPS=191.87, Sector P/E=20x
Peter Lynch (PEG)
¥4,046.54
+87.9%
EPS × Growth% (PEG = 1 is fair)
EPS=191.87, g=21.1%
EV/EBITDA
¥5,773.26
+168.0%
(EBITDA × 18x − Net Debt) ÷ Shares
EBITDA=32.2B
Dividend Discount (DDM)
¥4,105.95
+90.6%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=76.04, r=10%, g=8%
Book Value (P/B)
¥2,589.73
+20.2%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=1644.27, ROE=12.3%, g=6%, r=10%
Reverse DCF
¥2,154.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -0.7% | Historical: 21.1%
Margin of Safety
¥2,642.32
+22.7%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=3523.1, MoS=25%

Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.

Educational data only. Not a recommendation to buy, sell or hold any security.

Educational data only. Not a recommendation to buy, sell or hold any security.