Billing System Corporation

3623 TSE Technology Information & Communication
TSE Growth
¥1,215.00
+0.66%
Delayed · cached 15 min

Fair value analysis

3623
Billing System Corporation
TechnologyInformation & Communication
¥1,215.00
Close used for this calculation
¥1,316.10Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
47/100
Profitability17/25
Returns10/25
Balance Sheet4/25
Efficiency16/25
Growth14/25
Average
Quality radar
47Prof.17/25Ret.10/25Eff.16/25B.Sht4/25Growth14/25

Consensus fair value

¥1,316.10
Near FV
▲ +8.3% against the close used
Model range ¥852.52 – ¥1,975.91
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¥852.52Fair value¥1,316.10Bull¥1,975.91
FairClose
52-week traded range
52W low ¥966.0052W high ¥1,310.00

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

Valuation summary

Trading close to the consensus fair value

Billing System Corporation closed at ¥1,215.00, 7.7% below the consensus fair value of ¥1,316.10 drawn from 9 valuation models.

Financial DNA score 47/100 — Average. P/E of 18.7x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥1,287.61
+6.0%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
¥852.52
-29.8%
√(22.5 × EPS × BVPS)
EPS=64.87, BVPS=497.95 · outside Graham range (P/E 18.7, P/B 2.4) — asset-light, treat as a rough floor
P/E Fair Value
¥1,297.40
+6.8%
EPS × 20x (sector P/E)
EPS=64.87, Sector P/E=20x
Peter Lynch (PEG)
¥1,048.95
-13.7%
EPS × Growth% (PEG = 1 is fair)
EPS=64.87, g=16.2%
EV/EBITDA
¥1,975.91
+62.6%
(EBITDA × 18x − Net Debt) ÷ Shares
EBITDA=690.46M
Dividend Discount (DDM)
¥1,390.93
+14.5%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=25.76, r=10%, g=8%
Book Value (P/B)
¥958.56
-21.1%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=497.95, ROE=13.7%, g=6%, r=10%
Reverse DCF
¥1,215.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 6.3% | Historical: 16.2%
Margin of Safety
¥859.38
-29.3%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=1145.84, 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.