Zeon Corporation (ZEOOY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Zeon Corporation stock $16.17, price $12.80, upside +26.3%, quality 63 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $8.16 – $17.84 · fair‑value band $10.24 – $23.67 · the $12.80 price screens below the $16.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Zeon Corporation engages in the elastomer materials, specialty materials, and other businesses in Japan, North America, Europe, and Asia. It operates through Elastomer Materials Business and High-Performance Materials Business segments.
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The company provides synthetic rubbers and latices, chemicals, aroma, and specialty chemicals. It also offers electronic and energy materials, specialty plastics, plastic film, carbon nanotube-related products, and medical products.
Its products are used for transportation, electronics, telecommunication, civil engineering, architecture, housing, lifestyle, and industrial applications. Zeon Corporation was incorporated in 1950 and is headquartered in Chiyoda, Japan.
Stock analysis
Zeon Corporation (ZEOOY) currently trades at $12.80, while our model-based Fair Value estimate is $16.17, implying the stock looks roughly 21% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $19.93 per share, and 16 of the 26 models we run sit above the $12.80 price.
Bear case: the Asset-Based group reads lowest at $2.88, and 10 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $10.24 (bear) to $23.67 (bull), the price of $12.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Zeon Corporation reported revenue of ¥437B in FY2026 versus ¥362B in FY2022, a compound +4.8%/yr. Reported net income was ¥38.4B in FY2026, compounding +3.5%/yr from FY2022.
Key figures
Market cap $2.4B Mid · P/E ratio 9.2 · P/S ratio 0.81 · EPS (TTM) $1.39 · Dividend yield 3.8% · Net margin 8.8% · Return on equity 9.9% · Return on assets (EBIT) 5.3% (3-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 26%, ZEOOY screens cheaper than that median.
Fair Value models
Bear$10.24Fair Value $16.17Bull$23.67
Price $12.80 · Upside +26.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.5558 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.0%
Dividend (yield on the price)3.8%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 8%
2026 sits 58% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−0.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +4.8% a year for the price and −2.3% for the forecasts.
AI conclusion: The company's main strength lies in redirecting resources to specialty materials for higher margins, while its main weak point is limited evidence of durable advantages and uncertain impact from exiting rubber lines in a mature business.
Main risk: The biggest risk is that the shift to specialties fails to accelerate earnings momentum and instead only protects profitability in the mature business, hitting growth prospects.
Zeon is speeding up its exit from selected synthetic rubber and latex lines while redirecting resources to specialty materials and a new cycloolefin polymer facility. This portfolio shift targets stronger margins and growth in high-value applications yet leaves open whether the changes will accelerate earnings momentum or mainly protect profitability in a mature business. Our models see it as undervalued. Will the focus on specialties outweigh the capacity reductions?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 728 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+26.3% · Top 25%
Profitability
Return on equity (12 months)9.9% · Above median
Return on assets7.0% · Top 25%
Net margin (12 months)8.8% · Above median
Operating margin (12 months)14.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)6.2% · Below median
Dividend yield (12 months)3.8% · Top 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)9.2× · Cheapest 25%
P/B1.02× · Cheaper than median
P/S (12 months)0.93× · Cheaper than median
Price / free cash flow (fiscal year)21.6× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Zeon Corporation Fair Value". https://www.fairvalue-calculator.com/stock/ZEOOY
Frequently asked questions
Is Zeon Corporation (ZEOOY) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $16.17 versus a price of $12.80, about +26% upside (undervalued).
What is the fair value of ZEOOY?
Our model-based fair value for Zeon Corporation is $16.17 (as of Nov 4, 2026), built from audited fundamentals. The current price: $12.80.
What is the quality score of ZEOOY?
Zeon Corporation has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Zeon Corporation (ZEOOY)?
Our model-based price target is the fair value of $16.17 (as of Nov 4, 2026) from 26 valuation models. Cautious scenario $10.24, optimistic scenario $23.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Zeon Corporation stock forecast for 2026?
Our models put fair value at $16.17, about +26% upside versus a price of $12.80 (undervalued). Cautious scenario $10.24, optimistic scenario $23.67. The calculation is refreshed regularly with new filings.
What is the revenue of Zeon Corporation (ZEOOY)?
Zeon Corporation reported trailing-twelve-month revenue of about ¥418B (latest available figure, as of Nov 4, 2026).
Does Zeon Corporation pay a dividend?
Zeon Corporation currently shows a dividend yield of 3.75% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Zeon Corporation (ZEOOY) and when is the ex-dividend date?
Zeon Corporation pays a dividend of $0.48 per share a year, a dividend yield of 3.8%. The last ex-dividend date was Mar 31, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 37.9% of earnings. Free cash flow covers the dividend 1.24 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Zeon Corporation (ZEOOY)?
For today's price to be fair in a discounted-cash-flow model, Zeon Corporation would have to grow free cash flow by +7.0 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.7 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of ZEOOY use?
Our models discount Zeon Corporation at 8.5 %: a base by market capitalisation (mid), damped by beta 0.39, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zeon Corporation that is +7.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Zeon Corporation (ZEOOY) delivered so far?
Over the past 5 years revenue at Zeon Corporation grew +7.7 % a year. The price currently implies free-cash-flow growth of +7.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zeon Corporation (ZEOOY) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Zeon Corporation (+7.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zeon Corporation (ZEOOY)?
The free-cash-flow yield on the price is 4.64 %: that much free cash flow Zeon Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zeon Corporation (ZEOOY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zeon Corporation it is $16.17 per share (as of Nov 4, 2026), against a price of $12.80. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Zeon Corporation stock overvalued or undervalued in 2026?
As of Nov 4, 2026, ZEOOY trades below its calculated fair value: price $12.80, fair value $16.17, a gap of about +26% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ZEOOY?
No. The price is what the market pays today ($12.80); the fair value is what the company's own numbers justify ($16.17). For Zeon Corporation the two are $3.37 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zeon Corporation worth?
The market values Zeon Corporation at about $2.4B (market capitalisation, as of Nov 4, 2026). Per share that is $12.80; our models calculate a fair value of $16.17 per share.
What do the bullish and bearish scenarios say about ZEOOY?
Our models span a range for Zeon Corporation: cautious scenario $10.24, base $16.17, optimistic $23.67 per share (as of Nov 4, 2026, price $12.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZEOOY?
Zeon Corporation trades at a price-to-earnings ratio of 9.2 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $16.17 is built from several models across several years. Other multiples: P/B 1.0, P/S 0.9, EV/EBITDA 6.4.
How solid is the balance sheet of Zeon Corporation (ZEOOY)?
Balance-sheet figures for Zeon Corporation (as of Nov 4, 2026): return on equity 9.9%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is ZEOOY from its 52-week high?
Zeon Corporation trades at $12.80, about 28% below its 52-week high of $17.84 and 37% above the low of $9.37 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $16.17 is for.
Which stocks are comparable to Zeon Corporation?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zeon Corporation stock attractive at the current price?
The data as of Nov 4, 2026: price $12.80, calculated fair value $16.17 (+26%), Quality Score 63/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ZEOOY calculated?
We run Zeon Corporation through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $16.17 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Zeon Corporation currently trades 21% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zeon Corporation (ZEOOY)?
The closing price on Nov 6, 2026 was $12.80. Our model-based fair value is $16.17, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zeon Corporation right now?
Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($10.24 to $23.67) leaves room in how you read the outcome.
Key figures of Zeon Corporation
How large is the market capitalisation of Zeon Corporation (ZEOOY)?
The market capitalisation of Zeon Corporation is $2.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zeon Corporation (ZEOOY)?
The price-to-sales ratio of Zeon Corporation is 0.81 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zeon Corporation (ZEOOY)?
Earnings per share at Zeon Corporation are $1.39 (price ÷ EPS = P/E 9.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zeon Corporation (ZEOOY)?
The dividend yield of Zeon Corporation is 3.8% (payout 34.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zeon Corporation (ZEOOY)?
The net margin of Zeon Corporation is 8.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zeon Corporation (ZEOOY)?
The return on equity (ROE) of Zeon Corporation is 9.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zeon Corporation (ZEOOY)?
On an EBIT basis the return on assets of Zeon Corporation is 5.3% (avg 3y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zeon Corporation (ZEOOY)?
The operating margin of Zeon Corporation is 14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zeon Corporation (ZEOOY)?
Revenue at Zeon Corporation is growing +6.2% versus a year earlier (3y avg +4.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zeon Corporation (ZEOOY)?
Earnings per share at Zeon Corporation are growing +74.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zeon Corporation (ZEOOY) hold?
Zeon Corporation holds more cash than debt, ¥12.8B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 4, 2026