Dawn Corporation

2303 TSE Technology Information & Communication
TSE Standard
¥1,350.00
-1.10%
Delayed · cached 15 min

Fair value analysis

2303
Dawn Corporation
TechnologyInformation & Communication
¥1,350.00
Close used for this calculation
¥1,652.99Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
73/100
Profitability21/25
Returns13/25
Balance Sheet23/25
Efficiency16/25
Growth17/25
Strong
Quality radar
73Prof.21/25Ret.13/25Eff.16/25B.Sht23/25Growth17/25

Consensus fair value

¥1,652.99
Below FV
▲ +22.4% against the close used
Model range ¥938.61 – ¥2,135.28
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¥938.61Fair value¥1,652.99Bull¥2,135.28
FairClose
52-week traded range
52W low ¥1,175.0052W high ¥1,532.50

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

Valuation summary

Trading below the consensus fair value

Dawn Corporation closed at ¥1,350.00, 18.3% below the consensus fair value of ¥1,652.99 drawn from 9 valuation models.

Financial DNA score 73/100 — Strong. P/E of 17.3x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥2,135.28
+58.2%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
¥938.61
-30.5%
√(22.5 × EPS × BVPS)
EPS=78.02, BVPS=501.86 · outside Graham range (P/E 17.3, P/B 2.7) — asset-light, treat as a rough floor
P/E Fair Value
¥1,560.40
+15.6%
EPS × 20x (sector P/E)
EPS=78.02, Sector P/E=20x
Peter Lynch (PEG)
¥1,145.33
-15.2%
EPS × Growth% (PEG = 1 is fair)
EPS=78.02, g=14.7%
EV/EBITDA
¥1,894.40
+40.3%
(EBITDA × 17.3x − Net Debt) ÷ Shares
EBITDA=660.37M
Dividend Discount (DDM)
¥1,509.03
+11.8%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=27.95, r=10%, g=8%
Book Value (P/B)
¥1,304.83
-3.3%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=501.86, ROE=16.4%, g=6%, r=10%
Reverse DCF
¥1,350.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 5.2% | Historical: 14.7%
Margin of Safety
¥1,158.57
-14.2%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=1544.76, 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.