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Subaru Corporation (FUJHY) Fair Value & Analysis

Consumer Cyclical · US · Market cap $11.0B

SC Subaru Corporation logo Subaru Corporation FUJHY · US
Price$8.02
Fair Value$13.60
Upside+69.6%
Quality51/100
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Healthy Growth
Thin margins · 1.9% net margin
Low debt · generates free cash flow
5.21% dividend yield
Mixed vs. peers (6/11)
Narrow moat 29/100
Evidence: High Range $9.99 – $16.82 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from $9.32 to $13.60 (+45.9%) since Jul 17, 2026. Share price +4.6% over the past month.

A solid business, screening 70% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($9.99). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

$10.75 $5.66 Fair Value $13.60 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $5.66 – $10.75 · fair‑value band $9.99 – $16.82 · the $8.02 price screens below the $13.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Subaru Corporation (FUJHY) currently trades at $8.02, while our model-based Fair Value estimate is $13.60, implying the stock looks roughly 69.6% undervalued today. The Quality Score stands at 51/100 (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, Subaru Corporation generated revenue of $4.8T at a net margin of 1.9%. Revenue grew 10.1% year over year. It earns a return on equity of 3.3%. The balance sheet holds a net cash position of $624B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $9.99 (bear case) to $16.82 (bull case); at $8.02, 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 about 27% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 32% fair-value upside, at 70%, FUJHY 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 $13.74 $18.01 $24.00 80
Rev-Margin DCF $14.20 $20.12 $26.71 74
ROIC Compounder $14.51 $16.23 $17.73 72
All 24 models by family
DCF Models
FCF DCF $13.53 $18.26 $25.27 38
Owner Earnings $13.81 $18.68 $25.90 31
5Y Revenue Exit $14.20 $20.09 $27.52 39
5Y EBITDA Exit $23.15 $36.49 $51.88 41
5Y P/E Exit $13.34 $18.52 $23.81 38
10Y Revenue Exit $13.54 $18.82 $25.70 36
10Y EBITDA Exit $19.53 $30.08 $43.93 37
10Y P/E Exit $13.32 $17.74 $22.93 35
Earnings-Based
Graham-Dodd $4.20 $11.70 $15.38 54
Lynch FV $2.35 $3.36 $4.36 50
PEG = 1.0 $2.35 $3.36 $4.36 46
EPV $14.51 $16.23 $17.73 59
Multiples
P/E Multiple $10.20 $13.60 $17.00 63
P/S Multiple $7.88 $10.51 $13.14 58
P/B Multiple $7.88 $10.51 $13.14 55
EV/EBIT $20.43 $25.83 $31.24 53
EV/EBITDA $31.63 $40.77 $49.90 54
EV/Revenue $15.14 $19.83 $24.51 43
Asset-Based
NCAV (Graham) $8.96 $12.01 $17.92 50
Growth DCF
Growth DCF $13.74 $18.01 $24.00 80
Rev-Margin DCF $14.20 $20.12 $26.71 74
Economic Profit
Residual Income $13.15 $12.87 $11.18 61
ROIC Compounder $14.51 $16.23 $17.73 72
Growth Earnings
Growth-Adj P/E $8.09 $11.56 $15.03 68

Widest divergence: DCF Models ($18.68) versus Earnings-Based ($3.36). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $4.8T
Revenue growth (YoY) +10.1%
Net margin 1.9%
Return on equity 3.3%
Free cash flow $131B FY2026
P/E ratio 20.6
More key figures
Operating margin -2.1%
EPS (TTM) $0.3900
Dividend yield 5.2%
EPS growth (YoY) -61.4%
Net cash $624B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 52 · Market factors (momentum, volatility) 42

Profitability 33
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 100
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

Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, Rest of Asia, North America, Europe, and Internationally. It operates through three segments: Automotive, Aerospace, and Others.

Full company description

Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, Rest of Asia, North America, Europe, and Internationally. It operates through three segments: Automotive, Aerospace, and Others. The company manufactures, sells, and repairs automobiles and related components, aircraft, space-related devices, and the parts; and rents and manages real estate properties. It also involved in the shipping, land freight, and warehousing of vehicles; leasing and rental of vehicles; credit and financing of vehicles; inspection, service, and maintenance of aircraft. In addition, the company engages in the leasing of production, tools such as molds, and network equipment and devices, as well as for real estate such as stores, company-owned houses and warehouses for the automotive business. The company was formerly known as Fuji Heavy Industries Ltd. and changed its name to Subaru Corporation in April 2017. Subaru Corporation was founded in 1917 and is headquartered in Tokyo, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Subaru Corporation reported revenue of $5.1T in FY2026 versus $2.7T in FY2022, a compound +16.6%/yr. Reported net income was $96.3B in FY2026, compounding +8.3%/yr from FY2022.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$5.1T
Latest YoY
+8.3%
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.
+10.4%
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.
+12.4%
Avg. growth/yr (29Y) 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.
+5.0%
Revenue +16.6%/yr
FY22 $2.7T
FY23 $3.8T
FY24 $4.7T
FY25 $4.7T
FY26 $5.1T
Net income +8.3%/yr
FY22 $70.0B
FY23 $200B
FY24 $385B
FY25 $338B
FY26 $96.3B
Character of growth · EPS growth decomposed (2015-2026) +1.8 % p.a.
Revenue per share +8.9 pp

of which total revenue +4.9 pp · buybacks/dilution +4.0 pp

EBIT margin −7.5 pp
Tax rate +0.7 pp
Residual (interest, one-offs) −0.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Subaru Corporation Fair Value". https://www.fairvalue-calculator.com/stock/FUJHY

Earlier news

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

Peer Group

Auto Manufacturers · 119 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 51 · Above median
Fair Value upside +70% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 0% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) -2% · Below median
Revenue growth 10% · Above median
Dividend yield (TTM) 5.2% · Top 25%
Debt / equity 0.13× · Lower than median

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 20.6× · Pricier than median
P/FCF 0.1× · 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 33
FUTURE 51 · sector 33
PAST 13 · sector 20
HEALTH 94 · sector 94
DIVIDEND 100 · sector 46

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 Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $188.22 $247.83 +32%
BYD Company 81211 HK$76.90 HK$48.59 -37%
Hyundai Motor Company 005380 418,500 KRW 567,393 KRW +36%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,610 MXN +37%
Volkswagen AG VOW 2,149 CZK 7,783 CZK +262%
Maruti Suzuki India Limited MARUTI ₹13,875 ₹8,236 -41%
Kia Corporation 000270 135,600 KRW 341,751 KRW +152%
Weichai Power Co 2338 HK$36.40 HK$28.46 -22%
Geely Automobile Holdings 80175 HK$15.50 HK$19.14 +23%
Bajaj Auto Limited BAJAJAUTO ₹11,700 ₹4,574 -61%

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Frequently asked questions

Is Subaru Corporation (FUJHY) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $13.60 versus a price of $8.02, about +70% (undervalued).
What is the fair value of FUJHY?
Our model-based fair value for Subaru Corporation is $13.60 (as of Aug 13, 2026), built from audited fundamentals. The current price is $8.02.
What is the quality score of FUJHY?
Subaru Corporation has a Quality Score of 51/100. 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 Subaru Corporation (FUJHY)?
Subaru Corporation reported trailing-twelve-month revenue of about $4.8T (latest available figure, as of Aug 13, 2026).
What is the net profit margin of FUJHY?
The net profit margin of Subaru Corporation is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.
Does Subaru Corporation pay a dividend?
Subaru Corporation currently shows a dividend yield of about 5.21% relative to its recent price (as of Aug 13, 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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