CAC Holdings (CB4) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of CAC Holdings stock €12.32, price €11.40, upside +8.1%, quality 60 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?Yes
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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, dashed = 300-day average. As of Oct 27, 2026.
How to read this chart
60‑month range €7.81 – €12.44 · fair‑value band €9.20 – €15.76 · the €11.40 price screens below the €12.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 27, 2026.
Follow CAC in your weekly email
Every Wednesday you see whether CAC is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
CAC Holdings Corporation, through its subsidiaries, provides information technology services in Japan and internationally. It operates in two segments, IT and Overseas IT. The company constructs and operates information systems.
Show moreShow less
It also offers systems development, integration, operation, management, consulting, and maintenance, as well as BPO/BTO services; develops and sells packaged software; and plans, develops, and sells production management systems.
In addition, the company engages in the development of machine learning, artificial intelligence, and application, as well as new business; aquaculture using IoT and AI; development of mobile telecommunications products and communication systems, as well as registered telecommunications services; financial services and IT consulting; BPO services for waste management; help desk services; and software development.
Further, it is involved in engineering and research and development services, outsourced product development, IT infrastructure management, managed services, and enterprise applications for banking, telecom, and manufacturing industries; and sale and maintenance of software products.
The company was formerly known as CAC Corporation and changed its name to CAC Holdings Corporation in April 2014. CAC Holdings Corporation was founded in 1966 and is headquartered in Chuo, Japan.
Stock analysis
CAC Holdings (CB4) currently trades at €11.40, while our model-based Fair Value estimate is €12.32, so the stock looks roughly fairly valued today (gap 7.5%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of €23.62 per share, and 12 of the 24 models we run sit above the €11.40 price.
Bear case: the Asset-Based group reads lowest at €3.18, and 12 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €9.20 (bear) to €15.76 (bull), the price of €11.40 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 60/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
CAC Holdings reported revenue of ¥50.6B in FY2025 versus ¥47.9B in FY2021, a compound +1.4%/yr. Reported net income was ¥3.3B in FY2025, compounding +7.2%/yr from FY2021.
Key figures
Market cap €195M Micro · P/E ratio 9.7 · P/S ratio 0.62 · EPS (TTM) €1.18 · Dividend yield 5.0% · Net margin 6.5% · Return on equity 10.7% · Return on assets (EBIT) 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 33% fair-value upside, at 8%, CB4 screens richer than that median.
Fair Value models
Bear€9.20Fair Value €12.32Bull€15.76
Price €11.40 · Upside +8.1%
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 2025 figures (about 10 months old). Earnings retained since then (€0.5032 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.39/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−2.8%
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.
+1.8%
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.
+0.8%
Start year 2020 (pandemic). Over 10 years: −0.3% a year
Revenue growth 12 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.
+1.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+19.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.1%
Dividend (yield on the price)5.0%
Profit margin 2020 to 2025 ⓘ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.4% → 5%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+15.1%
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 +12.8% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Information Technology Services · 469 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+8.1% · Above median
Profitability
Return on equity (12 months)10.7% · Above median
Return on assets6.1% · Above median
Net margin (12 months)6.9% · Above median
Operating margin (12 months)4.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)14.1% · Above median
Dividend yield (12 months)5.0% · Top 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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). "CAC Holdings Fair Value". https://www.fairvalue-calculator.com/stock/CB4
Frequently asked questions
Is CAC Holdings (CB4) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €12.32 versus a price of €11.40, about +8% upside (fairly valued).
What is the fair value of CB4?
Our model-based fair value for CAC Holdings is €12.32 (as of Oct 27, 2026), built from audited fundamentals. The current price: €11.40.
What is the quality score of CB4?
CAC Holdings has a Quality Score of 60/100. 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 CAC Holdings (CB4)?
Our model-based price target is the fair value of €12.32 (as of Oct 27, 2026) from 24 valuation models. Cautious scenario €9.20, optimistic scenario €15.76. It is a calculation from audited fundamentals, not an analyst target.
What is the CAC Holdings stock forecast for 2026?
Our models put fair value at €12.32, about +8% upside versus a price of €11.40 (fairly valued). Cautious scenario €9.20, optimistic scenario €15.76. The calculation is refreshed regularly with new filings.
What is the revenue of CAC Holdings (CB4)?
CAC Holdings reported trailing-twelve-month revenue of about ¥52.7B (latest available figure, as of Oct 27, 2026).
Does CAC Holdings pay a dividend?
CAC Holdings currently shows a dividend yield of 4.98% relative to its recent price (as of Oct 27, 2026).
What growth is priced into CAC Holdings (CB4)?
For today's price to be fair in a discounted-cash-flow model, CAC Holdings would have to grow free cash flow by +15.1 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.8 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of CB4 use?
Our models discount CAC Holdings at 11.0 %: a base by market capitalisation (micro), damped by beta 0.24, country premium for Germany. 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 CAC Holdings that is +15.1 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has CAC Holdings (CB4) delivered so far?
Over the past 5 years revenue at CAC Holdings grew +0.8 % a year. The price currently implies +15.1 % per year free-cash-flow growth a 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 CAC Holdings (CB4) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into CAC Holdings (+15.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CAC Holdings (CB4)?
The free-cash-flow yield on the price is 3.25 %: that much free cash flow CAC Holdings produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CAC Holdings (CB4)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CAC Holdings it is €12.32 per share (as of Oct 27, 2026), against a price of €11.40. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is CAC Holdings stock overvalued or undervalued in 2026?
As of Oct 27, 2026, CB4 trades below its calculated fair value: price €11.40, fair value €12.32, a gap of about +8% (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 CB4?
No. The price is what the market pays today (€11.40); the fair value is what the company's own numbers justify (€12.32). For CAC Holdings the two are €0.9179 per share apart. That gap is exactly why we show both numbers side by side.
How much is CAC Holdings worth?
The market values CAC Holdings at about €195M (market capitalisation, as of Oct 27, 2026). Per share that is €11.40; our models calculate a fair value of €12.32 per share.
What do the bullish and bearish scenarios say about CB4?
Our models span a range for CAC Holdings: cautious scenario €9.20, base €12.32, optimistic €15.76 per share (as of Oct 27, 2026, price €11.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CB4?
CAC Holdings trades at a price-to-earnings ratio of 9.7 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €12.32 is built from several models across several years. Other multiples: P/B 1.0, P/S 0.6, EV/EBITDA 6.8.
How solid is the balance sheet of CAC Holdings (CB4)?
Balance-sheet figures for CAC Holdings (as of Oct 27, 2026): return on equity 10.7%, debt of 0.05 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is CB4 from its 52-week high?
CAC Holdings trades at €11.40, about 4% below its 52-week high of €11.93 and 26% above the low of €9.03 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €12.32 is for.
Which stocks are comparable to CAC Holdings?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 CAC Holdings stock attractive at the current price?
The data as of Oct 27, 2026: price €11.40, calculated fair value €12.32 (+8%), Quality Score 60/100, from 24 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 CB4 calculated?
We run CAC Holdings through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €12.32, 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 12.7 % above its aggregate fair value. CAC Holdings currently trades 7 % 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 CAC Holdings (CB4)?
The closing price on Oct 26, 2026 was €11.40. Our model-based fair value is €12.32, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CAC Holdings 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 CAC Holdings
How large is the market capitalisation of CAC Holdings (CB4)?
The market capitalisation of CAC Holdings is €195M. 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 CAC Holdings (CB4)?
The price-to-sales ratio of CAC Holdings is 0.62 (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 CAC Holdings (CB4)?
Earnings per share at CAC Holdings are €1.18 (price ÷ EPS = P/E 9.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CAC Holdings (CB4)?
The dividend yield of CAC Holdings is 5.0% (payout 48.1%). 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 CAC Holdings (CB4)?
The net margin of CAC Holdings is 6.5% (fiscal year 2025). 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 CAC Holdings (CB4)?
The return on equity (ROE) of CAC Holdings is 10.7% (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 CAC Holdings (CB4)?
On an EBIT basis the return on assets of CAC Holdings is 6.6% (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 CAC Holdings (CB4)?
The operating margin of CAC Holdings is 4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CAC Holdings (CB4)?
Revenue at CAC Holdings is growing +14.1% versus a year earlier (3y avg +1.8%). 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 CAC Holdings (CB4)?
Earnings per share at CAC Holdings are growing +1.7% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch CAC Holdings in the live analysis
One click puts CAC Holdings on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Broad data
Oct 27, 2026