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Canare Electric Co (CANRF) Fair Value & Analysis

Industrials · US · Market cap $68.1M

CE Canare Electric Co logo Canare Electric Co CANRF · US
Price$9.96
Fair Value$22.49
Upside+125.8%
Quality68/100
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Healthy Growth
Thin margins · 8.4% net margin
generates free cash flow
Ranks above peers (10/12)
Narrow moat 44/100
Evidence: High Range $16.87 – $28.11 Share as image

Fair value as of: Jul 24, 2026

From 23 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from $22.86 to $22.49 (−1.6%) since Jun 25, 2026.

A solid business, screening 126% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($16.87). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (2 years)

$9.96 $9.03 Fair Value $22.49 Jun 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

25‑month range $9.03 – $9.96 · fair‑value band $16.87 – $28.11 · the $9.96 price screens below the $22.49 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Canare Electric Co (CANRF) currently trades at $9.96, while our model-based Fair Value estimate is $22.49, implying the stock looks roughly 125.8% undervalued today. The Quality Score stands at 68/100 (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, Canare Electric Co generated revenue of $13.0B at a net margin of 8.4%. Revenue declined 3.6% year over year. It earns a return on equity of 5.9%. The stock trades on a trailing P/E of 8.3. Fundamentals as of Jul 24, 2026

Our scenario range runs from $16.87 (bear case) to $28.11 (bull case); at $9.96, 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, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 126%, CANRF 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 $20.22 $23.66 $27.53 72
Growth-Adj P/E $13.12 $18.75 $24.37 68
Rev-Margin DCF $20.21 $26.19 $32.76 67
All 23 models by family
DCF Models
FCF DCF $20.12 $23.99 $28.57 38
Owner Earnings $17.75 $20.84 $24.51 31
5Y Revenue Exit $20.21 $26.04 $33.22 39
5Y EBITDA Exit $21.16 $27.75 $35.13 41
5Y P/E Exit $21.71 $28.74 $35.81 38
10Y Revenue Exit $19.76 $24.46 $30.30 36
10Y EBITDA Exit $20.55 $25.46 $31.51 37
10Y P/E Exit $20.85 $26.04 $31.94 35
Earnings-Based
Graham-Dodd $7.28 $18.79 $24.47 54
PEG = 1.0 $3.54 $5.05 $6.57 46
EPV $16.23 $17.18 $17.96 59
Multiples
P/E Multiple $16.87 $22.49 $28.11 63
P/S Multiple $13.65 $18.21 $22.76 58
P/B Multiple $13.65 $18.21 $22.76 55
EV/EBIT $26.26 $32.26 $38.26 53
EV/EBITDA $23.99 $29.23 $34.48 54
EV/Revenue $21.11 $26.61 $32.12 43
Asset-Based
NCAV (Graham) $8.49 $11.38 $16.99 50
Growth DCF
Growth DCF $20.22 $23.66 $27.53 72
Rev-Margin DCF $20.21 $26.19 $32.76 67
Economic Profit
Residual Income $12.13 $12.07 $10.92 61
ROIC Compounder $16.23 $17.24 $18.42 67
Growth Earnings
Growth-Adj P/E $13.12 $18.75 $24.37 68

Widest divergence: DCF Models ($25.46) versus Asset-Based ($11.38). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) $13.0B
Revenue growth (YoY) -3.6%
Net margin 8.4%
Return on equity 5.9%
Free cash flow $1.7B FY2025
P/E ratio 8.3
More key figures
Operating margin 11.8%
EPS (TTM) $1.20
EPS growth (YoY) -30.0%

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 59

Profitability 42
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 78
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

Canare Electric Co., Ltd. manufactures and sells broadcasting and communication cables, harnesses, connectors, equipment, and related accessories in Japan, the United States, South Korea, China, Taiwan, Singapore, India, Europe, the Middle East, and internationally.

Full company description

Canare Electric Co., Ltd. manufactures and sells broadcasting and communication cables, harnesses, connectors, equipment, and related accessories in Japan, the United States, South Korea, China, Taiwan, Singapore, India, Europe, the Middle East, and internationally. It offers optical transmission systems, connectors, cables, connection cables, patch and connector panels, multi-cable systems, cable reels, tools, other transmission devices, open price items, and high-power optical fiber related products, as well as AV and console solutions and digital network products. The company exports its products. It sells its products to broadcasting stations, communication companies, equipment construction companies, broadcasting and communication equipment manufacturers, and others. Canare Electric Co., Ltd. was founded in 1970 and is headquartered in Nisshin, Japan.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Canare Electric Co reported revenue of ¥13.1B in FY2025 versus ¥11.2B in FY2022, a compound +5.5%/yr. Reported net income was ¥1.2B in FY2025, compounding +11.4%/yr from FY2022.

Growth Quality 70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$13.1B
Latest YoY
+5.9%
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.
+5.5%
Revenue +5.5%/yr
FY22 ¥11.2B
FY23 ¥12.9B
FY24 ¥12.4B
FY25 ¥13.1B
Net income +11.4%/yr
FY22 ¥869M
FY23 ¥1.2B
FY24 ¥1.0B
FY25 ¥1.2B

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Cite: Fair Value Calculator (2026). "Canare Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/CANRF

Peer Group

Electrical Equipment & Parts · 526 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 68 · Top 25%
Fair Value upside +126% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 5% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth -4% · Bottom 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 8.3× · Cheaper than 75% of peers
P/B 0.57× · Cheaper than 75% of peers
P/S (TTM) 0.83× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.9× · 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 100 · sector 0
FUTURE 0 · sector 57
PAST 23 · sector 26
HEALTH 0 · sector 97
DIVIDEND 0 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Canare Electric Co (CANRF) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $22.49 versus a price of $9.96, about +126% (undervalued).
What is the fair value of CANRF?
Our model-based fair value for Canare Electric Co is $22.49 (as of Jul 24, 2026), built from audited fundamentals. The current price is $9.96.
What is the quality score of CANRF?
Canare Electric Co has a Quality Score of 68/100. 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 Canare Electric Co (CANRF)?
Canare Electric Co reported trailing-twelve-month revenue of about $13.0B (latest available figure, as of Jul 24, 2026).
What is the net profit margin of CANRF?
The net profit margin of Canare Electric Co is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.

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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