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Asahi Kasei Corporation (AHKSY) Fair Value & Analysis

Industrials · US · Market cap $14.9B

AK Asahi Kasei Corporation logo Asahi Kasei Corporation AHKSY · US
Price$21.50
Fair Value$25.83
Upside+20.1%
Quality59/100
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Healthy Growth
Thin margins · 5.2% net margin
Low debt · generates free cash flow
2.42% dividend yield
Ranks above peers (10/12)
Narrow moat 40/100
Evidence: High Range $19.37 – $32.29 Share as image

Fair value as of: Jul 25, 2026

From 11 valuation models · updated 16 days ago

Fair value updated Jul 25, 2026, revised from $26.25 to $25.83 (−1.6%) since Jun 26, 2026. Share price −7.6% over the past month.

A solid business, screening 20% undervalued on our models.

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from $19.37 (bear) to $32.29 (bull), base $25.83. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$23.34 $10.98 Fair Value $25.83 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

60‑month range $10.98 – $23.34 · fair‑value band $19.37 – $32.29 · the $21.50 price screens below the $25.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.

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Analysis

Asahi Kasei Corporation (AHKSY) currently trades at $21.50, while our model-based Fair Value estimate is $25.83, implying the stock looks roughly 20.1% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials 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 Kasei Corporation generated revenue of $3.1T at a net margin of 5.2%. Revenue grew 2.1% year over year. It earns a return on equity of 8.0%. Net debt stands at $637B. Fundamentals as of Jul 25, 2026

Our scenario range runs from $19.37 (bear case) to $32.29 (bull case); at $21.50, the current price sits within 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 about 9% below its 52-week high and 75% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 20%, AHKSY 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 BearBaseBull Evidence
Highest evidence
Growth DCF $1,231 $2,068 $3,236 80
Rev-Margin DCF $1,981 $3,679 $5,542 74
P/E Multiple $3,176 $4,234 $5,293 63
All 11 models by family
DCF Models
Owner Earnings $2,078 $3,436 $5,429 31
5Y P/E Exit $1,777 $3,315 $4,883 38
10Y P/E Exit $1,541 $2,795 $4,262 35
Earnings-Based
Graham-Dodd $1,694 $4,515 $5,905 54
Lynch FV $875.27 $1,250 $1,626 50
Multiples
P/E Multiple $3,176 $4,234 $5,293 63
P/B Multiple $3,176 $4,234 $5,293 55
Asset-Based
NCAV (Graham) $1,552 $2,079 $3,103 50
Growth DCF
Growth DCF $1,231 $2,068 $3,236 80
Rev-Margin DCF $1,981 $3,679 $5,542 74
Economic Profit
Residual Income $2,587 $2,775 $3,182 61

Widest divergence: Multiples ($4,234) versus Earnings-Based ($1,250). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $3.1T
Revenue growth (YoY) +2.1%
Net margin 5.2%
Return on equity 8.0%
Free cash flow $116B FY2026
P/E ratio 15.1
More key figures
Operating margin 7.8%
EPS (TTM) $1.46
Dividend yield 2.4%
EPS growth (YoY) +26.9%
Net debt $637B FY2026

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 77

Profitability 42
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 93
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 Kasei Corporation engages in material, homes, healthcare businesses. The company offers Pimel photosensitive polyimide/PBO precursor, a liquid photosensitive material for buffer coating and packaging applications; Sunfort dry film photoresist to form circuit patterns on printed wiring boards; Novacure, a latent curing agent for epoxy resin with …

Full company description

Asahi Kasei Corporation engages in material, homes, healthcare businesses. The company offers Pimel photosensitive polyimide/PBO precursor, a liquid photosensitive material for buffer coating and packaging applications; Sunfort dry film photoresist to form circuit patterns on printed wiring boards; Novacure, a latent curing agent for epoxy resin with storage stability; glass fabric for printed circuit boards; plastic optical fiber; suede products under the Dinamica name; Microza UF and MF industrial membranes and systems; Aciplex membranes, process equipment, and systems for caustic soda production; Hipore, a microporous polyolefin sheet which prevents the anode and cathode from contacting one another; Celgard, a lithium-ion battery separator; Deramic, a lead acid battery separator; photopolymers and platemaking systems; and fiber products under the Bemberg, ROICA, ELTAS, Bemliese, EUTEC, Precisé, SEMIA, smash, PULSHUT, Lastan, Cubit, NanoAct, ECORISE, BioCradle, CMC-Bemliese names. It also provides cling film, bags and containers, and dishwashing liquid under the Saran Wrap, Ziploc, Cookper, Frosch names; packaging products under the OPS, Suntec, Barrialon, PVDC latex, and Saran names; pharmaceutical and food additives under the Ceolous and Celphere names; and clads and anchors under the Baclad and AR Chemical Setter names. In addition, the company is involved in the provision of remodeling services; real estate-related operations; offers unit homes and apartment buildings; autoclaved aerated concrete, foundation systems, thermal insulation material, structural systems and components products; prescription drugs in the fields of orthopedics, critical/intensive care, urology, immune system, and central nervous system; enzymes and diagnostic products; and hemodialysis, therapeutic apheresis, and autologous blood-related businesses. The company was founded in 1931 and is headquartered in Tokyo, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Asahi Kasei Corporation reported revenue of $3.3T in FY2026 versus $2.5T in FY2022, a compound +7.3%/yr. Reported net income was $168B in FY2026, compounding +1.0%/yr from FY2022.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$3.3T
Latest YoY
+7.3%
Avg. growth/yr (3Y)
+6.1%
Avg. growth/yr (5Y)
+9.1%
Avg. growth/yr (29Y)
+3.2%
Revenue +7.3%/yr
FY22 $2.5T
FY23 $2.7T
FY24 $2.8T
FY25 $3.0T
FY26 $3.3T
Net income +1.0%/yr
FY22 $162B
FY23 −$91.3B
FY24 $43.8B
FY25 $135B
FY26 $168B

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Cite: Fair Value Calculator (2026). "Asahi Kasei Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AHKSY

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Conglomerates · 370 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 59 · Top 25%
Fair Value upside +20% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 2% · Below median
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.40× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 15.1× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
PEG 0.11× · 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 60 · sector 21
FUTURE 11 · sector 16
PAST 32 · sector 20
HEALTH 80 · sector 88
DIVIDEND 48 · sector 39

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.

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Frequently asked questions

Is Asahi Kasei Corporation (AHKSY) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of $25.83 versus a price of $21.50, about +20% (undervalued).
What is the fair value of AHKSY?
Our model-based fair value for Asahi Kasei Corporation is $25.83 (as of Jul 25, 2026), built from audited fundamentals. The current price is $21.50.
What is the quality score of AHKSY?
Asahi Kasei Corporation has a Quality Score of 59/100. 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 Kasei Corporation (AHKSY)?
Asahi Kasei Corporation reported trailing-twelve-month revenue of about $3.1T (latest available figure, as of Jul 25, 2026).
What is the net profit margin of AHKSY?
The net profit margin of Asahi Kasei Corporation is about 5.2%, meaning it keeps roughly 5.2% of revenue as net income. Based on the latest reported figures.
Does Asahi Kasei Corporation pay a dividend?
Asahi Kasei Corporation currently shows a dividend yield of about 2.42% relative to its recent price (as of Jul 25, 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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