UACJ Corporation (F4M) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of UACJ Corporation €18.41, price €11.80, upside +56.0%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
In Frankfurt, only 0 of the last 21 trading days (30 days) had any turnover. On the other days the price is an indicative quote without trading, so we do not list this stock in the radar. It stays reachable through search.
Watch UACJ Corporation for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 Sep 30, 2026.
How to read this chart
60‑month range €2.99 – €18.49 · fair‑value band €8.88 – €24.73 · the €11.80 price screens below the €18.41 fair value. Dashed = 300-day average. As of Sep 30, 2026.
Follow UACJ in your weekly email
Every Wednesday you see whether UACJ 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.
UACJ Corporation manufactures and sells aluminum products in Japan and internationally.
Show more
UACJ Corporation manufactures and sells aluminum products in Japan and internationally. The company offers flat rolled products, including aluminum alloy sheets for beverage containers, closures, automobiles sheets, railway rolling stocks, large ship tanks, aluminum alloy quenched sheets for aircraft, and aluminum alloy thick plates; high-conductivity materials for aluminum busbars and highly adhesive surface-treated aluminum alloy sheets; aluminum brazing sheets; EV battery housing, aluminum alloys for lithium-ion battery housing cases, current collectors, and sealing materials; bright aluminum alloy sheets; aluminum checkered plates; and lithographic sheets. It also provides aluminum pipe with irregular-shaped cross section; fitting technology; wear-resistant alloys; alloy for alumite processing; ultraprecision extruded multi-hole aluminum tubes; extruded clad materials; high-temperature strength and creep-resistant alloys; and environment-friendly and free-cutting aluminum alloys. In addition, it offers printed and coated foils, and bonded foils; compressor wheel casting, heat sinks, and precision machined aluminum products; aluminum forged products for aerospace applications, and axle bearing housing for bullet trains; and automotive parts, heat exchangers, plant equipment, and other parts and materials for the industrial sector. The company was formerly known as Furukawa-Sky Aluminum Corp. UACJ Corporation was founded in 1897 and is headquartered in Tokyo, Japan.
Stock analysis
UACJ Corporation (F4M) currently trades at €11.80, while our model-based Fair Value estimate is €18.41, implying the stock looks roughly 35.9% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of €20.55 per share, and 19 of the 25 models we run sit above the €11.80 price.
Bear case: the Dividend Discount group reads lowest at €3.40, and 6 of the 25 models stay below the price. Evidence for this calculation is medium.
Scenario range: €8.88 (bear) to €24.73 (bull), the price of €11.80 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 35/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
UACJ Corporation reported revenue of ¥1.2T in FY2026 versus ¥783B in FY2022, a compound +10.8%/yr. Reported net income was ¥38.9B in FY2026, compounding +4.9%/yr from FY2022.
Key figures
Market cap €2.1B · Dividend yield 3.1% · Net margin 3.3% · Return on equity 23.3% · Return on assets (EBIT) 4.8% · Operating margin 14.1% · Revenue (TTM) ¥1.3T · Revenue growth (YoY) +44.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 36% fair-value upside, at 56%, F4M screens cheaper than that median.
Fair Value models
Bear €8.88Fair Value €18.41Bull €24.73
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+18.3%
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.
+7.3%
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.
+15.7%
Start year 2021 (pandemic). Over 10 years: +7.5% 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.
+10.3%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’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. Basis: EBIT basis. 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.
+15.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.3%
Dividend (yield on the price)3.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−9.5% vs 1.7%, slowing
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.2% → 6%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+43.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +40.4% a year for the price and +1.9% for the forecasts.
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.Aluminum · 78 stocks
Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+54.7% · Top 25%
Profitability
Return on equity (TTM)23.3% · Top 25%
Return on assets6.8% · Above median
Net margin (TTM)5.7% · Above median
Operating margin (TTM)14.1% · Above median
Growth and dividend
Revenue growth44.1% · Top 25%
Dividend yield (TTM)3.1% · Above median
Balance sheet
Debt / equity0.49× · Highest 25%
Valuation Multiplesvs Aluminum 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). "UACJ Corporation Fair Value". https://www.fairvalue-calculator.com/stock/F4M
Frequently asked questions
Is UACJ Corporation (F4M) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of €18.41 versus a price of €11.80, about +56% upside (undervalued).
What is the fair value of F4M?
Our model-based fair value for UACJ Corporation is €18.41 (as of Sep 30, 2026), built from audited fundamentals. The current price: €11.80.
What is the quality score of F4M?
UACJ Corporation has a Quality Score of 35/100. 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 UACJ Corporation (F4M)?
Our model-based price target is the fair value of €18.41 (as of Sep 30, 2026) from 25 valuation models. Cautious scenario €8.88, optimistic scenario €24.73. It is a calculation from audited fundamentals, not an analyst target.
What is the UACJ Corporation stock forecast for 2026?
Our models put fair value at €18.41, about +56% upside versus a price of €11.80 (undervalued). Cautious scenario €8.88, optimistic scenario €24.73. The calculation is refreshed regularly with new filings.
What is the revenue of UACJ Corporation (F4M)?
UACJ Corporation reported trailing-twelve-month revenue of about ¥1.3T (latest available figure, as of Sep 30, 2026).
Does UACJ Corporation pay a dividend?
UACJ Corporation currently shows a dividend yield of about 3.13% relative to its recent price (as of Sep 30, 2026).
What growth is priced into UACJ Corporation (F4M)?
For today's price to be fair in a discounted-cash-flow model, UACJ Corporation would have to grow free cash flow by +43.4 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.7 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of F4M use?
Our models discount UACJ Corporation at 9.8 %: a base by market capitalisation (mid), damped by beta 1.13, 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 UACJ Corporation that is +43.4 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has UACJ Corporation (F4M) delivered so far?
Over the past 5 years revenue at UACJ Corporation grew +15.7 % a year. The price currently implies +43.4 % 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 UACJ Corporation (F4M) growing?
The median revenue growth in the sector is +8.0 % a year. That is the yardstick for the growth priced into UACJ Corporation (+43.4 % 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 UACJ Corporation (F4M)?
The free-cash-flow yield on the price is 1.70 %: that much free cash flow UACJ Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of UACJ Corporation (F4M)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For UACJ Corporation it is €18.41 per share (as of Sep 30, 2026), against a price of €11.80. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is UACJ Corporation stock overvalued or undervalued in 2026?
As of Sep 30, 2026, F4M trades below its calculated fair value: price €11.80, fair value €18.41, a gap of about +56% (undervalued). 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 F4M?
No. The price is what the market pays today (€11.80); the fair value is what the company's own numbers justify (€18.41). For UACJ Corporation the two are €6.61 per share apart. That gap is exactly why we show both numbers side by side.
How much is UACJ Corporation worth?
The market values UACJ Corporation at about €2.1B (market capitalisation, as of Sep 30, 2026). Per share that is €11.80; our models calculate a fair value of €18.41 per share.
What do the bullish and bearish scenarios say about F4M?
Our models span a range for UACJ Corporation: cautious scenario €8.88, base €18.41, optimistic €24.73 per share (as of Sep 30, 2026, price €11.80). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of UACJ Corporation (F4M)?
Balance-sheet figures for UACJ Corporation (as of Sep 30, 2026): return on equity 23.3%, debt of 0.49 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is F4M from its 52-week high?
UACJ Corporation trades at €11.80, about 36% below its 52-week high of €18.49 and 38% above the low of €8.56 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €18.41 is for.
Which stocks are comparable to UACJ Corporation?
From the same area (Basic Materials) we also value Shandong Hongqiao Aluminum Industry Holding, China Hongqiao Group, Aluminum Corporation, Hindalco Industries 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 UACJ Corporation stock attractive at the current price?
The data as of Sep 30, 2026: price €11.80, calculated fair value €18.41 (+56%), Quality Score 35/100, from 25 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 F4M calculated?
We run UACJ Corporation through 25 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 €18.41, 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 14.5 % above its aggregate fair value. UACJ Corporation currently trades 36 % 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 UACJ Corporation (F4M)?
The closing price on Oct 1, 2026 was €11.80. Our model-based fair value is €18.41, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with UACJ Corporation right now?
The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (€8.88 to €24.73). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of UACJ Corporation
How large is the market capitalisation of UACJ Corporation (F4M)?
The market capitalisation of UACJ Corporation is €2.1B. 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 dividend yield of UACJ Corporation (F4M)?
The dividend yield of UACJ Corporation is 3.1%. 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 UACJ Corporation (F4M)?
The net margin of UACJ Corporation is 3.3% (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 UACJ Corporation (F4M)?
The return on equity (ROE) of UACJ Corporation is 23.3% (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 UACJ Corporation (F4M)?
On an EBIT basis the return on assets of UACJ Corporation is 4.8% (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 UACJ Corporation (F4M)?
The operating margin of UACJ Corporation is 14.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at UACJ Corporation (F4M)?
Revenue at UACJ Corporation is growing +44.1% versus a year earlier (3y avg +7.3%). 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 UACJ Corporation (F4M)?
Earnings per share at UACJ Corporation are growing +26.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does UACJ Corporation (F4M) carry?
The net debt of UACJ Corporation is ¥330B (fiscal year 2026, ≈ 51.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch UACJ Corporation in the live analysis
One click puts UACJ Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
