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Asahi Co (AAHIF) Fair Value & Analysis

Consumer Cyclical · US · Market cap $208M

AC Asahi Co logo Asahi Co AAHIF · US
Price$7.99
Fair Value$10.80
Upside+35.2%
Quality64/100
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Mixed Growth
Thin margins · 2.8% net margin
Low debt · generates free cash flow
4.13% dividend yield
Ranks above peers (8/11)
Narrow moat 30/100
Evidence: High Range $8.10 – $13.50 Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from $15.01 to $10.80 (−28.0%) since Jun 24, 2026.

A solid business, screening 35% undervalued on our models.

What matters now

  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from $8.10 (bear) to $13.50 (bull), base $10.80. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$9.59 $7.37 Fair Value $10.80 Aug 2018 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range $7.37 – $9.59 · fair‑value band $8.10 – $13.50 · the $7.99 price screens below the $10.80 fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Asahi Co (AAHIF) currently trades at $7.99, while our model-based Fair Value estimate is $10.80, implying the stock looks roughly 35.2% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Asahi Co generated revenue of $81.4B at a net margin of 2.8%. Revenue grew 1.2% year over year. It earns a return on equity of 5.7%. The stock trades on a trailing P/E of 9.3. Fundamentals as of Jul 14, 2026

Our scenario range runs from $8.10 (bear case) to $13.50 (bull case); at $7.99, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 4% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at 35%, AAHIF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF $11.15 $13.66 $16.52 80
Rev-Margin DCF $10.95 $15.06 $19.66 74
ROIC Compounder $7.55 $8.12 $8.58 72
All 24 models by family
DCF Models
FCF DCF $11.10 $13.95 $17.38 38
Owner Earnings $6.90 $8.31 $10.00 31
5Y Revenue Exit $10.95 $14.97 $19.95 39
5Y EBITDA Exit $13.03 $18.77 $25.28 41
5Y P/E Exit $10.44 $14.05 $17.68 38
10Y Revenue Exit $10.73 $14.02 $18.15 36
10Y EBITDA Exit $12.05 $16.24 $21.55 37
10Y P/E Exit $10.65 $13.48 $16.71 35
Earnings-Based
Graham-Dodd $3.67 $10.05 $13.19 54
Lynch FV $1.99 $2.85 $3.70 50
PEG = 1.0 $1.99 $2.85 $3.70 46
EPV $7.55 $8.12 $8.58 59
Multiples
P/E Multiple $8.10 $10.80 $13.50 63
P/S Multiple $6.89 $9.18 $11.48 58
P/B Multiple $6.89 $9.18 $11.48 55
EV/EBIT $15.48 $19.69 $23.91 53
EV/EBITDA $16.25 $20.73 $25.20 54
EV/Revenue $11.35 $15.01 $18.66 43
Asset-Based
NCAV (Graham) $4.78 $6.40 $9.56 50
Growth DCF
Growth DCF $11.15 $13.66 $16.52 80
Rev-Margin DCF $10.95 $15.06 $19.66 74
Economic Profit
Residual Income $6.70 $6.58 $5.73 61
ROIC Compounder $7.55 $8.12 $8.58 72
Growth Earnings
Growth-Adj P/E $6.45 $9.21 $11.97 68

Widest divergence: DCF Models ($14.02) versus Earnings-Based ($2.85). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $81.4B
Revenue growth (YoY) +1.2%
Net margin 2.8%
Return on equity 5.7%
Free cash flow $4.3B FY2026
P/E ratio 9.3
More key figures
Operating margin -1.9%
EPS (TTM) $0.8600
Dividend yield 4.1%
EPS growth (YoY) -41.7%

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 66 · Market factors (momentum, volatility) 66

Profitability 58
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Asahi Co., Ltd. sells bicycles, parts, accessories, and other related products in Japan and China. It offers wholesale and retail general, sports, children's, folding, and electric assist bicycles; and ancillary services, such as maintenance, repair, and other services; and sales of its own branded products to franchised stores.

Full company description

Asahi Co., Ltd. sells bicycles, parts, accessories, and other related products in Japan and China. It offers wholesale and retail general, sports, children's, folding, and electric assist bicycles; and ancillary services, such as maintenance, repair, and other services; and sales of its own branded products to franchised stores. It operates retail and online stores. The company sells its products under the Cycle Base Asahi brand. The company was formerly known as Asahi Gangu and changed its name to Asahi Co., Ltd. in May 1992. Asahi Co., Ltd. was founded in 1949 and is headquartered in Osaka, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Asahi Co reported revenue of $81.4B in FY2026 versus $71.4B in FY2022, a compound +3.3%/yr. Reported net income was $2.3B in FY2026, compounding −10.5%/yr from FY2022.

Growth Quality 45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
$81.4B
Latest YoY
−0.3%
Avg. growth/yr (3Y) 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.
+2.9%
Avg. growth/yr (5Y) 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.
+3.2%
Avg. growth/yr (11Y) 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.
+5.6%
Revenue +3.3%/yr
FY22 $71.4B
FY23 $74.7B
FY24 $78.1B
FY25 $81.6B
FY26 $81.4B
Net income −10.5%/yr
FY22 $3.5B
FY23 $3.4B
FY24 $3.1B
FY25 $3.6B
FY26 $2.3B

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Cite: Fair Value Calculator (2026). "Asahi Co Fair Value". https://www.fairvalue-calculator.com/stock/AAHIF

Peer Group

Specialty Retail · 221 stocks

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.

Quality Score 64 · Top 25%
Fair Value upside +35% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 4% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 4.1% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 9.3× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 80 · sector 29
FUTURE 6 · sector 23
PAST 23 · sector 27
HEALTH 99 · sector 94
DIVIDEND 83 · sector 51

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is Asahi Co (AAHIF) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of $10.80 versus a price of $7.99, about +35% (undervalued).
What is the fair value of AAHIF?
Our model-based fair value for Asahi Co is $10.80 (as of Jul 14, 2026), built from audited fundamentals. The current price is $7.99.
What is the quality score of AAHIF?
Asahi Co has a Quality Score of 64/100. 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 revenue of Asahi Co (AAHIF)?
Asahi Co reported trailing-twelve-month revenue of about $81.4B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of AAHIF?
The net profit margin of Asahi Co is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does Asahi Co pay a dividend?
Asahi Co currently shows a dividend yield of about 4.13% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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