System D Inc.

3804 TSE Technology Information & Communication
TSE Standard
¥467.00
+0.43%
Delayed · cached 15 min

Fair value analysis

3804
System D Inc.
TechnologyInformation & Communication
¥467.00
Close used for this calculation
¥1,151.98Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
75/100
Profitability13/25
Returns18/25
Balance Sheet19/25
Efficiency25/25
Growth14/25
Strong
Quality radar
75Prof.13/25Ret.18/25Eff.25/25B.Sht19/25Growth14/25

Consensus fair value

¥1,151.98
Below FV
▲ +146.7% against the close used
Model range ¥224.24 – ¥2,245.87
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¥224.24Fair value¥1,151.98Bull¥2,245.87
FairClose
52-week traded range
52W low ¥409.0052W high ¥807.00

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

Valuation summary

Trading below the consensus fair value

System D Inc. closed at ¥467.00, 59.5% below the consensus fair value of ¥1,151.98 drawn from 9 valuation models.

Financial DNA score 75/100 — Strong. P/E of 4.8x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥2,245.87
+380.9%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=2.3%, r=10%, tg=3%, n=10yr
Graham Number
¥1,309.51
+180.4%
√(22.5 × EPS × BVPS)
EPS=97.92, BVPS=778.33
P/E Fair Value
¥1,958.40
+319.4%
EPS × 20x (sector P/E)
EPS=97.92, Sector P/E=20x
Peter Lynch (PEG)
¥224.24
-52.0%
EPS × Growth% (PEG = 1 is fair)
EPS=97.92, g=2.3%
EV/EBITDA
¥1,688.70
+261.6%
(EBITDA × 11.1x − Net Debt) ÷ Shares
EBITDA=978.19M
Dividend Discount (DDM)
¥371.75
-20.4%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=28.02, r=10%, g=2.3%
Book Value (P/B)
¥1,134.14
+142.9%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=778.33, ROE=13.2%, g=3%, r=10%
Reverse DCF
¥467.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -10% | Historical: 2.3%
Margin of Safety
¥1,378.45
+195.2%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=1837.93, 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.