KAYAC Inc.

3904 TSE Technology Information & Communication
TSE Growth
¥420.00
-0.71%
Delayed · cached 15 min

Fair value analysis

3904
KAYAC Inc.
TechnologyInformation & Communication
¥420.00
Close used for this calculation
¥621.12Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
55/100
Profitability6/25
Returns18/25
Balance Sheet13/25
Efficiency18/25
Growth9/25
Good
Quality radar
55Prof.6/25Ret.18/25Eff.18/25B.Sht13/25Growth9/25

Consensus fair value

¥621.12
Below FV
▲ +47.9% against the close used
Model range ¥199.93 – ¥852.60
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¥199.93Fair value¥621.12Bull¥852.60
FairClose
52-week traded range
52W low ¥380.0052W high ¥600.00

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

Valuation summary

Trading below the consensus fair value

KAYAC Inc. closed at ¥420.00, 32.4% below the consensus fair value of ¥621.12 drawn from 8 valuation models.

Financial DNA score 55/100 — Good. P/E of 9.9x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥476.38
+13.4%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=8%, r=10%, tg=3%, n=10yr
Graham Number
¥599.74
+42.8%
√(22.5 × EPS × BVPS)
EPS=42.63, BVPS=375
P/E Fair Value
¥852.60
+103.0%
EPS × 20x (sector P/E)
EPS=42.63, Sector P/E=20x
Peter Lynch (PEG)
¥199.93
-52.4%
EPS × Growth% (PEG = 1 is fair)
EPS=42.63, g=4.7%
EV/EBITDA
¥646.22
+53.9%
(EBITDA × 10x − Net Debt) ÷ Shares
EBITDA=1.27B
Book Value (P/B)
¥487.50
+16.1%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=375, ROE=12.1%, g=3%, r=10%
Reverse DCF
¥420.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -2.5% | Historical: -4.7%
Margin of Safety
¥482.18
+14.8%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=642.91, 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.