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Data-driven stock valuation

Kanadevia Corporation (HZS) fair value: what the stock is really worth

As of Oct 26, 2026: fair value (intrinsic value) of Kanadevia Corporation stock €5.00, price €5.87, upside -14.9%, quality 40 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Industrials · DE · Home Japan · ISIN JP3789000001

KC Kanadevia Corporation logo Broad data Oct 26, 2026

Kanadevia Corporation

HZS · F

Weak valuationQuality is weak on top of the rich price.

Our calculation puts a fair price 15% below what the stock costs today.

Low debt
Ranks above peers (8/13)
Broad data
Quality 40/100
Expensive Growth (revenue 5y +9.6 %/yr in JPY)
Thin margins · 2.3% net margin (TTM)
2.4% dividend yield · Watch coverage
Fair value €5.00 · Overvalued (−14.9%)
Negative free cash flow
Narrow moat 24/100 · thin data
Price via web search⚠ Thinly traded

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€7.89 €4.48 Fair Value €5.00 Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 26, 2026.

How to read this chart

60‑month range €4.48 – €7.89 · fair‑value band €4.96 – €5.29 · the €5.87 price screens above the €5.00 fair value. Dashed = 300-day average. As of Oct 26, 2026.

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Company profile

Kanadevia Corporation engages in the design, manufacture, installation, sale, repair and maintenance of environmental equipment, plants, machinery, and infrastructure facilities in Japan, Europe, Asia, North America, the Middle East, and internationally.

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It operates through four segments: Environment, Machinery & Infrastructure, Decarbonization, and Other.

The Environment segment offers Waste incineration power generation and recycling facilities, water and sludge treatment facilities, energy systems, biomass utilization systems, seawater desalination plants, and other plants, and electricity wholesale.

The Machinery & Infrastructure segment provides plastic machinery, food processing machinery, pharmaceutical machinery, precision instruments, electronics and control systems, bridges, sluice gates, chimneys, marine civil engineering, shield tunneling machines, disaster prevention systems, boilers, and automotive presses.

The Decarbonization segment offers marine engines, denitrification catalysts, pressure vessels and other process equipment, nuclear power-related equipment, electrolysis/PTG, and wind power generation.

The Others segment provides operation and management of dormitories, company housing, and other facilities. It is also involved in the manufacture and sale of waste treatment facilities; provides design, transportation, and consulting services for nuclear fuel storage and transportation equipment.

In addition, it offers all-solid-state lithium-ion batteries. The company was formerly known as Hitachi Zosen Corporation and changed its name to Kanadevia Corporation in October 2024. Kanadevia Corporation was founded in 1881 and is headquartered in Osaka, Japan.

Stock analysis

Kanadevia Corporation (HZS) currently trades at €5.87, while our model-based Fair Value estimate is €5.00, 14.9% 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 €7.11 per share, and 6 of the 16 models we run sit above the €5.87 price.

Bear case: the Dividend Discount group reads lowest at €1.85, and 10 of the 16 models stay below the price. Data coverage for this calculation is high.

Scenario range: €4.96 (bear) to €5.29 (bull), the price of €5.87 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 40/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Kanadevia Corporation reported revenue of ¥645B in FY2026 versus ¥442B in FY2022, a compound +9.9%/yr. Reported net income was ¥11.1B in FY2026, compounding +9.0%/yr from FY2022.

Key figures

Market cap €988M Small · P/E ratio 12.0 · P/S ratio 0.21 · EPS (TTM) €0.4900 · Dividend yield 2.4% · Net margin 1.7% · Return on equity 7.8% · Return on assets (EBIT) 3.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).

What moves the price

The share trades about 24% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −15%, HZS screens cheaper than that median.

Fair Value models

Bear €4.96 Fair Value €5.00 Bull €5.29
Price €5.87 · Upside -14.9%
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 2026 figures (about 7 months old). Earnings retained since then (€0.2003 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.
Best data coverage
Residual Income €4.96 €5.00 €5.29 76
EPV €1.98 €2.36 €2.67 74
ROIC Compounder €1.98 €2.36 €2.67 72
All 16 models by family
Earnings-Based
Graham-Dodd €2.56 €8.34 €11.15 64
Lynch FV €1.87 €2.67 €3.47 61
PEG = 1.0 €1.87 €2.67 €3.47 57
EPV €1.98 €2.36 €2.67 74
Dividend Discount
Gordon GGM €1.15 €2.13 €3.00 67
DDM Multi-Stage €1.15 €1.85 €2.27 67
Multiples
P/E Multiple €5.92 €7.89 €9.87 63
P/S Multiple €4.79 €6.39 €7.99 58
P/B Multiple €15.25 €20.33 €25.41 55
EV/EBIT €2.05 €3.80 €5.55 63
EV/EBITDA €6.75 €10.07 €13.38 66
EV/Revenue €0.5500 €2.16 €3.76 49
Asset-Based
NCAV (Graham) €2.26 €3.03 €4.52 54
Economic Profit
Residual Income €4.96 €5.00 €5.29 76
ROIC Compounder €1.98 €2.36 €2.67 72
Growth Earnings
Growth-Adj P/E €4.98 €7.11 €9.24 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 40/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 34
How much profit the company makes from its sales and capital
Quality Growth 27
Are margins and returns getting better?
Cashflow 16
Do the profits arrive as real cash?
Financial strength 46
Debt, balance sheet and risk of trouble
Investment 52
Does it invest with discipline instead of growing at any price?
Low Volatility 70
How calm the share price moves, does not count
Momentum 34
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 27
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.7%
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.
+9.4%
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.
+9.6%
Start year 2021 (pandemic). Over 10 years: +5.2% 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.
+5.7%
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.
+23.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.2%
Dividend (yield on the price)2.4%
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.21.2% vs 6.6%, picking up
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.4% → 2%
Pace: the 5-year rate starts in 2021 (pandemic)

HZS screens overvalued: fair value 15% below the price. Compare with Veralto Corporation →

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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.Pollution & Treatment Controls · 89 stocks

Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −14.9% · Above median
Profitability
Return on equity (12 months) 7.8% · Above median
Return on assets 1.6% · Below median
Net margin (12 months) 2.3% · Below median
Operating margin (12 months) −1.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 11.9% · Above median
Dividend yield (12 months) 2.4% · Above median
Balance sheet
Debt / equity 0.49× · Highest 25%

Valuation Multiplesvs Pollution & Treatment Controls median · lower = cheaper

P/E (12 months) 12.0× · Cheapest 25%
P/B 0.87× · Cheapest 25%
P/S (12 months) 0.26× · Cheapest 25%
EV/EBITDA 6.3× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)13 · sector 7
FUTURE (revenue growth)60 · sector 23
PAST (return on equity)31 · sector 20
HEALTH (low debt)76 · sector 95
DIVIDEND (yield)48 · sector 31

Context: sector, industry, market

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

Similar stocks

10 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Zhongyuan Environmental Protection Co 000544 ¥7.09 ¥13.38 +89% vs HZS
Mega Union Technology Inc 6944 759.00 TWD 834.90 TWD +10% vs HZS
Zurn Elkay Water Solutions Corporation ZWS $48.66 $50.14 +3% vs HZS
Fujian Longking Co 600388 ¥16.59 ¥15.03 −9% vs HZS
Veralto Corporation VLTO $101.31 $69.62 −31% vs HZS
MayAir Technology (China) Co 688376 ¥46.64 ¥18.80 −60% vs HZS
Munters Group MTRS kr 131.45 kr 48.58 −63% vs HZS
GVS S.p.A GVS €5.26 €1.74 −67% vs HZS
CECO Environmental Corp CECO $51.51 $15.23 −70% vs HZS
Shanghai Emperor of Cleaning Hi-Tech Co 603200 ¥45.83 ¥5.26 −89% vs HZS

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

Frequently asked questions

Is Kanadevia Corporation (HZS) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of €5.00 versus a price of €5.87, about −15% upside (overvalued).
What is the fair value of HZS?
Our model-based fair value for Kanadevia Corporation is €5.00 (as of Oct 26, 2026), built from audited fundamentals. The current price: €5.87.
What is the quality score of HZS?
Kanadevia Corporation has a Quality Score of 40/100. 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 Kanadevia Corporation (HZS)?
Our model-based price target is the fair value of €5.00 (as of Oct 26, 2026) from 16 valuation models. Cautious scenario €4.96, optimistic scenario €5.29. It is a calculation from audited fundamentals, not an analyst target.
What is the Kanadevia Corporation stock forecast for 2026?
Our models put fair value at €5.00, about −15% upside versus a price of €5.87 (overvalued). Cautious scenario €4.96, optimistic scenario €5.29. The calculation is refreshed regularly with new filings.
What is the revenue of Kanadevia Corporation (HZS)?
Kanadevia Corporation reported trailing-twelve-month revenue of about ¥662B (latest available figure, as of Oct 26, 2026).
Does Kanadevia Corporation pay a dividend?
Kanadevia Corporation currently shows a dividend yield of 2.42% relative to its recent price (as of Oct 26, 2026).
What is the intrinsic value of Kanadevia Corporation (HZS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kanadevia Corporation it is €5.00 per share (as of Oct 26, 2026), against a price of €5.87. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Kanadevia Corporation stock overvalued or undervalued in 2026?
As of Oct 26, 2026, HZS trades above its calculated fair value: price €5.87, fair value €5.00, a gap of about −15% (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 HZS?
No. The price is what the market pays today (€5.87); the fair value is what the company's own numbers justify (€5.00). For Kanadevia Corporation the two are €0.8741 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kanadevia Corporation worth?
The market values Kanadevia Corporation at about €988M (market capitalisation, as of Oct 26, 2026). Per share that is €5.87; our models calculate a fair value of €5.00 per share.
What do the bullish and bearish scenarios say about HZS?
Our models span a range for Kanadevia Corporation: cautious scenario €4.96, base €5.00, optimistic €5.29 per share (as of Oct 26, 2026, price €5.87). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HZS?
Kanadevia Corporation trades at a price-to-earnings ratio of 12.0 (as of Oct 26, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €5.00 is built from several models across several years. Other multiples: P/B 0.9, P/S 0.3, EV/EBITDA 6.3.
How solid is the balance sheet of Kanadevia Corporation (HZS)?
Balance-sheet figures for Kanadevia Corporation (as of Oct 26, 2026): return on equity 7.8%, debt of 0.49 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is HZS from its 52-week high?
Kanadevia Corporation trades at €5.87, about 24% below its 52-week high of €7.77 and 19% above the low of €4.94 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €5.00 is for.
Which stocks are comparable to Kanadevia Corporation?
From the same area (Industrials) we also value Veralto Corporation, Zurn Elkay Water Solutions Corporation, Fujian Longking Co, CECO Environmental Corp, 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 Kanadevia Corporation stock attractive at the current price?
The data as of Oct 26, 2026: price €5.87, calculated fair value €5.00 (−15%), Quality Score 40/100, from 16 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 HZS calculated?
We run Kanadevia Corporation through 16 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 €5.00, 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. Kanadevia Corporation 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 Kanadevia Corporation (HZS)?
The closing price on Oct 26, 2026 was €5.87. Our model-based fair value is €5.00, about −15% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kanadevia Corporation right now?
The price sits above even our optimistic bull case (€5.29). The favourable scenario is already priced in. The models converge in a tight band (€4.96 to €5.29), unusually little disagreement for a valuation.

Key figures of Kanadevia Corporation

How large is the market capitalisation of Kanadevia Corporation (HZS)?
The market capitalisation of Kanadevia Corporation is €988M. 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 Kanadevia Corporation (HZS)?
The price-to-sales ratio of Kanadevia Corporation is 0.21 (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 Kanadevia Corporation (HZS)?
Earnings per share at Kanadevia Corporation are €0.4900 (price ÷ EPS = P/E 12.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kanadevia Corporation (HZS)?
The dividend yield of Kanadevia Corporation is 2.4% (payout 29.0%). 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 Kanadevia Corporation (HZS)?
The net margin of Kanadevia Corporation is 1.7% (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 Kanadevia Corporation (HZS)?
The return on equity (ROE) of Kanadevia Corporation is 7.8% (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 Kanadevia Corporation (HZS)?
On an EBIT basis the return on assets of Kanadevia Corporation is 3.6% (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 Kanadevia Corporation (HZS)?
The operating margin of Kanadevia Corporation is −1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kanadevia Corporation (HZS)?
Revenue at Kanadevia Corporation is growing +11.9% versus a year earlier (3y avg +9.4%). 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 Kanadevia Corporation (HZS)?
Earnings per share at Kanadevia Corporation are growing +4.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kanadevia Corporation (HZS) generate?
The free cash flow of Kanadevia Corporation is −¥13.6B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kanadevia Corporation (HZS) carry?
The net debt of Kanadevia Corporation is ¥94.6B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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