Kohoku Kogyo CO.,LTD. (H9J) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Kohoku Kogyo CO.,LTD. €13.42, price €30.80, upside -56.4%, quality 75 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
In Frankfurt, only 1 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.
KKBroad dataOct 1, 2026
Kohoku Kogyo CO.,LTD.
H9J · F
Quality Too ExpensiveExcellent quality, but the valuation looks stretched.
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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 1, 2026.
How to read this chart
34‑month range €8.34 – €36.26 · fair‑value band €8.71 – €19.56 · the €30.80 price screens above the €13.42 fair value. Dashed = 300-day average. As of Oct 1, 2026.
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Kohoku Kogyo CO.,LTD. manufactures and sells lead terminals for aluminum electrolytic capacitors, optical components and devices, and precision components in Japan, England, Asia, China, the United States, and internationally.
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Kohoku Kogyo CO.,LTD. manufactures and sells lead terminals for aluminum electrolytic capacitors, optical components and devices, and precision components in Japan, England, Asia, China, the United States, and internationally. It offers lead terminals, including standard type, burr-free type, edge-free type, one-side rib type, round 4-corner type, vibration-resistant type, front-back discriminative type, welded resin coating, and round bar resin coating, as well as rounding and anodic oxidation processing, and lead terminal materials. The company also provides optical communication components and devices, such as inline optical isolators, hybrid optical isolators, optical filter devices, optical circulators, variable optical attenuators, polarization maintaining optical fiber assembled with capillary and metalized fiber, optical fiber array assembled with hermetic feedthrough, specially assembled multi-channel optical fiber array, faraday rotators, high purity silica glasses, and optical fiber preforms, as well as optical components for submarine cable. In addition, it offers devices for space, photonics, and electronics convergence. The company was founded in 1959 and is headquartered in Nagahama, Japan.
Stock analysis
Kohoku Kogyo CO.,LTD. (H9J) currently trades at €30.80, while our model-based Fair Value estimate is €13.42, 56.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €16.24 per share, and 0 of the 26 models we run sit above the €30.80 price.
Bear case: the Dividend Discount group reads lowest at €2.23, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: €8.71 (bear) to €19.56 (bull), the price of €30.80 sits above 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 75/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kohoku Kogyo CO.,LTD. reported revenue of ¥17.5B in FY2025 versus ¥14.6B in FY2021, a compound +4.5%/yr. Reported net income was ¥3.0B in FY2025, compounding +0.3%/yr from FY2021.
Key figures
Market cap €798M · P/E ratio 31.8 · P/S ratio 5.44 · EPS (TTM) €0.9700 · Dividend yield 0.8% · Net margin 17.1% · Return on equity 19.7% · Return on assets (EBIT) 15.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 108% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at −56%, H9J screens cheaper than that median.
Fair Value models
Bear €8.71Fair Value €13.42Bull €19.56
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.76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.6%
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.
+3.7%
’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.
+1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.7%
Dividend (yield on the price)0.8%
Profit margin 2021 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.28% → 27%
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).
+34.6%
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.
+10.9%
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 +31.8% a year for the price and +8.6% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Electronic Components · 633 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside−53.7% · Below median
Profitability
Return on equity (TTM)19.7% · Top 25%
Return on assets13.0% · Top 25%
Net margin (TTM)23.0% · Top 25%
Operating margin (TTM)31.6% · Top 25%
Growth and dividend
Revenue growth26.9% · Above median
Dividend yield (TTM)0.8% · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)31.8× · Cheaper than median
P/B5.69× · Priciest 25%
P/S (TTM)6.81× · Priciest 25%
P/FCF55.4× · Priciest 25%
EV/EBITDA18.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 62
PAST (return on equity)79· sector 28
HEALTH (low debt)100· sector 95
DIVIDEND (yield)16· sector 25
VALUE 0: the price sits above our fair-value range.
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.
Is Kohoku Kogyo CO.,LTD. (H9J) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of €13.42 versus a price of €30.80, about −56% upside (overvalued).
What is the fair value of H9J?
Our model-based fair value for Kohoku Kogyo CO.,LTD. is €13.42 (as of Oct 1, 2026), built from audited fundamentals. The current price: €30.80.
What is the quality score of H9J?
Kohoku Kogyo CO.,LTD. has a Quality Score of 75/100. 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 Kohoku Kogyo CO.,LTD. (H9J)?
Our model-based price target is the fair value of €13.42 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario €8.71, optimistic scenario €19.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Kohoku Kogyo CO.,LTD. stock forecast for 2026?
Our models put fair value at €13.42, about −56% upside versus a price of €30.80 (overvalued). Cautious scenario €8.71, optimistic scenario €19.56. The calculation is refreshed regularly with new filings.
What is the revenue of Kohoku Kogyo CO.,LTD. (H9J)?
Kohoku Kogyo CO.,LTD. reported trailing-twelve-month revenue of about ¥19.6B (latest available figure, as of Oct 1, 2026).
Does Kohoku Kogyo CO.,LTD. pay a dividend?
Kohoku Kogyo CO.,LTD. currently shows a dividend yield of about 0.78% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Kohoku Kogyo CO.,LTD. (H9J)?
For today's price to be fair in a discounted-cash-flow model, Kohoku Kogyo CO.,LTD. would have to grow free cash flow by +34.6 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +4.5 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of H9J use?
Our models discount Kohoku Kogyo CO.,LTD. at 11.7 %: a base by market capitalisation (small), damped by beta 1.24, 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 Kohoku Kogyo CO.,LTD. that is +34.6 % per year a year over ten years, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Kohoku Kogyo CO.,LTD. (H9J) delivered so far?
Over the past 4 years revenue at Kohoku Kogyo CO.,LTD. grew +4.5 % a year. The price currently implies +34.6 % 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 Kohoku Kogyo CO.,LTD. (H9J) growing?
The median revenue growth in the sector is +15.9 % a year. That is the yardstick for the growth priced into Kohoku Kogyo CO.,LTD. (+34.6 % 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 Kohoku Kogyo CO.,LTD. (H9J)?
The free-cash-flow yield on the price is 1.70 %: that much free cash flow Kohoku Kogyo CO.,LTD. produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kohoku Kogyo CO.,LTD. (H9J)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kohoku Kogyo CO.,LTD. it is €13.42 per share (as of Oct 1, 2026), against a price of €30.80. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Kohoku Kogyo CO.,LTD. stock overvalued or undervalued in 2026?
As of Oct 1, 2026, H9J trades above its calculated fair value: price €30.80, fair value €13.42, a gap of about −56% (overvalued). 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 H9J?
No. The price is what the market pays today (€30.80); the fair value is what the company's own numbers justify (€13.42). For Kohoku Kogyo CO.,LTD. the two are €17.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kohoku Kogyo CO.,LTD. worth?
The market values Kohoku Kogyo CO.,LTD. at about €798M (market capitalisation, as of Oct 1, 2026). Per share that is €30.80; our models calculate a fair value of €13.42 per share.
What do the bullish and bearish scenarios say about H9J?
Our models span a range for Kohoku Kogyo CO.,LTD.: cautious scenario €8.71, base €13.42, optimistic €19.56 per share (as of Oct 1, 2026, price €30.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of H9J?
Kohoku Kogyo CO.,LTD. trades at a price-to-earnings ratio of 31.8 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €13.42 is built from several models across several years. Other multiples: P/B 5.7, P/S 6.8, EV/EBITDA 18.5.
How solid is the balance sheet of Kohoku Kogyo CO.,LTD. (H9J)?
Balance-sheet figures for Kohoku Kogyo CO.,LTD. (as of Oct 1, 2026): return on equity 19.7%. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is H9J from its 52-week high?
Kohoku Kogyo CO.,LTD. trades at €30.80, about 15% below its 52-week high of €36.26 and 108% above the low of €14.80 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €13.42 is for.
Which stocks are comparable to Kohoku Kogyo CO.,LTD.?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Kohoku Kogyo CO.,LTD. stock attractive at the current price?
The data as of Oct 1, 2026: price €30.80, calculated fair value €13.42 (−56%), Quality Score 75/100, from 26 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 H9J calculated?
We run Kohoku Kogyo CO.,LTD. through 26 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 €13.42, 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. Kohoku Kogyo CO.,LTD. itself currently trades above fair value. 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 Kohoku Kogyo CO.,LTD. (H9J)?
The closing price on Oct 1, 2026 was €30.80. Our model-based fair value is €13.42, about −56% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kohoku Kogyo CO.,LTD. right now?
A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (€19.56). The favourable scenario is already priced in. A fairly wide model range (€8.71 to €19.56) leaves room in how you read the outcome.
Key figures of Kohoku Kogyo CO.,LTD.
How large is the market capitalisation of Kohoku Kogyo CO.,LTD. (H9J)?
The market capitalisation of Kohoku Kogyo CO.,LTD. is €798M. 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 Kohoku Kogyo CO.,LTD. (H9J)?
The price-to-sales ratio of Kohoku Kogyo CO.,LTD. is 5.44 (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 Kohoku Kogyo CO.,LTD. (H9J)?
Earnings per share at Kohoku Kogyo CO.,LTD. are €0.9700 (price ÷ EPS = P/E 31.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kohoku Kogyo CO.,LTD. (H9J)?
The dividend yield of Kohoku Kogyo CO.,LTD. is 0.8% (payout 24.8%). 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 Kohoku Kogyo CO.,LTD. (H9J)?
The net margin of Kohoku Kogyo CO.,LTD. is 17.1% (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 Kohoku Kogyo CO.,LTD. (H9J)?
The return on equity (ROE) of Kohoku Kogyo CO.,LTD. is 19.7% (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 Kohoku Kogyo CO.,LTD. (H9J)?
On an EBIT basis the return on assets of Kohoku Kogyo CO.,LTD. is 15.1% (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 Kohoku Kogyo CO.,LTD. (H9J)?
The operating margin of Kohoku Kogyo CO.,LTD. is 31.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kohoku Kogyo CO.,LTD. (H9J)?
Revenue at Kohoku Kogyo CO.,LTD. is growing +26.9% versus a year earlier (3y avg +3.7%). 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 Kohoku Kogyo CO.,LTD. (H9J)?
Earnings per share at Kohoku Kogyo CO.,LTD. are growing +225% versus a year earlier. How much earnings per share grew versus a year earlier.
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