Shin-Etsu Polymer Co.,Ltd. (SETUF) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Shin-Etsu Polymer Co.,Ltd. stock $14.79, price $15.01, that is 1.5% below the price, quality 67 out of 100. Rating: fairly valued. 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 11, 2026.
How to read this chart
60‑month range $3.41 – $15.01 · fair‑value band $11.84 – $18.52 · the $15.01 price screens above the $14.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Shin-Etsu Polymer Co.,Ltd. develops and supplies PVC and semiconductor silicone products worldwide.
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It offers touch switches and pads, rubber contacts, short strokes, metal domes, in-molds, pressure sensitive devices, view/light path control films, and anisotropic conductive rubber connectors; and silicone rubber tubes and sheets, silicone sponge sheets, medical tube transitions, office automation rollers, medical and chemical products, culture plugs, embossed/blister carrier tapes, top cover tapes, plastic tape frame, and electronic component carrier, as well as wrap films.
The company provides PVC pipes and corrugated sheets, sealing materials, self-bonding Silicone rubber tape, silicone adhesive sheets, and construction/civil engineering waterproof silicone sheet; and compound, transparent conductive ink, high-functioning engineering plastic films, PVC, TPV, and TPU compound, conductive polymer, and PEEK film.
It serves consumer electronics, electric components, semiconductor, automotive, and construction markets. The company was incorporated in 1960 and is headquartered in Tokyo, Japan. Shin-Etsu Polymer Co., Ltd. is a subsidiary of Shin-Etsu Chemical Co., Ltd.
Stock analysis
Shin-Etsu Polymer Co.,Ltd. (SETUF) currently trades at $15.01, while our model-based Fair Value estimate is $14.79, so the stock looks roughly fairly valued today (gap 1.5%).
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Valuation
Bull case: the Multiples group reads highest at a median of $18.39 per share, and 11 of the 26 models we run sit above the $15.01 price.
Bear case: the Dividend Discount group reads lowest at $4.95, and 15 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $11.84 (bear) to $18.52 (bull), the price of $15.01 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 67/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Shin-Etsu Polymer Co.,Ltd. reported revenue of ¥115B in FY2026 versus ¥92.6B in FY2022, a compound +5.6%/yr. Reported net income was ¥9.9B in FY2026, compounding +11.9%/yr from FY2022.
Key figures
Market cap $1.2B Small · P/E ratio 19.8 · P/S ratio 1.70 · EPS (TTM) $0.7600 · Dividend yield 3.7% · Net margin 8.6% · Return on equity 8.1% · Return on assets (EBIT) 8.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at −1%, SETUF screens cheaper than that median.
Fair Value models
Bear$11.84Fair Value $14.79Bull$18.52
Price $15.01 · Downside -1.5%
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 ($0.4685 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.77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.1%
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.
+2.1%
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.
+8.4%
Start year 2021 (pandemic)
Revenue growth 6 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.
+6.2%
’20
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’23
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’25
’26
What shareholders gained per year (last 5 years), in JPY ⓘ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. 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.
+13.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.6%
Dividend (yield on the price)3.7%
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.9% → 12%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+4.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +2.1% a year for the price.
Compare Shin-Etsu Polymer Co.,Ltd. with another stock
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 · 758 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−1.5% · Above median
Profitability
Return on equity (12 months)8.1% · Above median
Return on assets6.5% · Above median
Net margin (12 months)8.5% · Above median
Operating margin (12 months)14.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)13.9% · Above median
Dividend yield (12 months)3.7% · Top 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)19.8× · Cheaper than median
P/B1.48× · Cheaper than median
P/S (12 months)1.55× · Pricier than median
Price / free cash flow (fiscal year)18.8× · Cheaper than median
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Is Shin-Etsu Polymer Co.,Ltd. (SETUF) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of $14.79 versus a price of $15.01, about 1% lower (fairly valued).
What is the fair value of SETUF?
Our model-based fair value for Shin-Etsu Polymer Co.,Ltd. is $14.79 (as of Nov 11, 2026), built from audited fundamentals. The current price: $15.01.
What is the quality score of SETUF?
Shin-Etsu Polymer Co.,Ltd. has a Quality Score of 67/100. 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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
Our model-based price target is the fair value of $14.79 (as of Nov 11, 2026) from 26 valuation models. Cautious scenario $11.84, optimistic scenario $18.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Shin-Etsu Polymer Co.,Ltd. stock forecast for 2026?
Our models put fair value at $14.79, about 1% lower versus a price of $15.01 (fairly valued). Cautious scenario $11.84, optimistic scenario $18.52. The calculation is refreshed regularly with new filings.
What is the revenue of Shin-Etsu Polymer Co.,Ltd. (SETUF)?
Shin-Etsu Polymer Co.,Ltd. reported trailing-twelve-month revenue of about ¥123B (latest available figure, as of Nov 11, 2026).
Does Shin-Etsu Polymer Co.,Ltd. pay a dividend?
Shin-Etsu Polymer Co.,Ltd. currently shows a dividend yield of 3.70% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Shin-Etsu Polymer Co.,Ltd. (SETUF) and when is the ex-dividend date?
Shin-Etsu Polymer Co.,Ltd. has a dividend yield of 3.7%. The next ex-dividend date is Mar 30, 2027. A dividend has been paid every year since at least 2010. The payout ratio is 46.3% of earnings. Free cash flow covers the dividend 2.23 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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
For today's price to be fair in a discounted-cash-flow model, Shin-Etsu Polymer Co.,Ltd. would have to grow free cash flow by +4.3 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Nov 11, 2026.
What discount rate (WACC) does the fair value of SETUF use?
Our models discount Shin-Etsu Polymer Co.,Ltd. at 10.4 %: a base by market capitalisation (small), damped by beta 0.69, 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 Shin-Etsu Polymer Co.,Ltd. that is +4.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Shin-Etsu Polymer Co.,Ltd. (SETUF) delivered so far?
Over the past 5 years revenue at Shin-Etsu Polymer Co.,Ltd. grew +8.4 % a year. The price currently implies free-cash-flow growth of +4.3 % 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 Shin-Etsu Polymer Co.,Ltd. (SETUF) growing?
The median revenue growth in the sector is +9.0 % a year. That is the yardstick for the growth priced into Shin-Etsu Polymer Co.,Ltd. (+4.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shin-Etsu Polymer Co.,Ltd. (SETUF)?
The free-cash-flow yield on the price is 5.35 %: that much free cash flow Shin-Etsu Polymer Co.,Ltd. produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shin-Etsu Polymer Co.,Ltd. (SETUF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shin-Etsu Polymer Co.,Ltd. it is $14.79 per share (as of Nov 11, 2026), against a price of $15.01. 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 Shin-Etsu Polymer Co.,Ltd. stock overvalued or undervalued in 2026?
As of Nov 11, 2026, SETUF trades above its calculated fair value: price $15.01, fair value $14.79, a gap of about −1% (fairly valued). 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 SETUF?
No. The price is what the market pays today ($15.01); the fair value is what the company's own numbers justify ($14.79). For Shin-Etsu Polymer Co.,Ltd. the two are $0.2200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shin-Etsu Polymer Co.,Ltd. worth?
The market values Shin-Etsu Polymer Co.,Ltd. at about $1.2B (market capitalisation, as of Nov 11, 2026). Per share that is $15.01; our models calculate a fair value of $14.79 per share.
What do the bullish and bearish scenarios say about SETUF?
Our models span a range for Shin-Etsu Polymer Co.,Ltd.: cautious scenario $11.84, base $14.79, optimistic $18.52 per share (as of Nov 11, 2026, price $15.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SETUF?
Shin-Etsu Polymer Co.,Ltd. trades at a price-to-earnings ratio of 19.8 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $14.79 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2020 to 2026), reported earnings: 5.3. Other multiples: P/B 1.5, P/S 1.6, EV/EBITDA 3.4.
How solid is the balance sheet of Shin-Etsu Polymer Co.,Ltd. (SETUF)?
Balance-sheet figures for Shin-Etsu Polymer Co.,Ltd. (as of Nov 11, 2026): return on equity 8.1%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
Which stocks are comparable to Shin-Etsu Polymer Co.,Ltd.?
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 Shin-Etsu Polymer Co.,Ltd. stock attractive at the current price?
The data as of Nov 11, 2026: price $15.01, calculated fair value $14.79 (−1%), Quality Score 67/100, 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 SETUF calculated?
We run Shin-Etsu Polymer Co.,Ltd. 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 $14.79 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 15.1% above its aggregate fair value. Shin-Etsu Polymer Co.,Ltd. itself currently trades above fair value. 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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
The closing price on Nov 10, 2026 was $15.01. Our model-based fair value is $14.79, about 1% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shin-Etsu Polymer Co.,Ltd. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Shin-Etsu Polymer Co.,Ltd.
How large is the market capitalisation of Shin-Etsu Polymer Co.,Ltd. (SETUF)?
The market capitalisation of Shin-Etsu Polymer Co.,Ltd. is $1.2B. 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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
The price-to-sales ratio of Shin-Etsu Polymer Co.,Ltd. is 1.70 (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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
Earnings per share at Shin-Etsu Polymer Co.,Ltd. are $0.7600 (price ÷ EPS = P/E 19.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shin-Etsu Polymer Co.,Ltd. (SETUF)?
The dividend yield of Shin-Etsu Polymer Co.,Ltd. is 3.7% (payout 73.1%). 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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
The net margin of Shin-Etsu Polymer Co.,Ltd. is 8.6% (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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
The return on equity (ROE) of Shin-Etsu Polymer Co.,Ltd. is 8.1% (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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
On an EBIT basis the return on assets of Shin-Etsu Polymer Co.,Ltd. is 8.6% (avg 5y). 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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
The operating margin of Shin-Etsu Polymer Co.,Ltd. is 14.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shin-Etsu Polymer Co.,Ltd. (SETUF)?
Revenue at Shin-Etsu Polymer Co.,Ltd. is growing +13.9% versus a year earlier (3y avg +2.1%). 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 Shin-Etsu Polymer Co.,Ltd. (SETUF)?
Earnings per share at Shin-Etsu Polymer Co.,Ltd. are growing +28.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 11, 2026