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Konami Holdings Corp (KNM) Fair Value & Analysis

Communication Services · GB · Market cap £2.6T · ISIN JP3300200007

KH Konami Holdings Corp KNM · LSE
Price£219.40
Fair Value£71.97
Upside-67.2%
Quality74/100
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Strengths

Healthy Growth (revenue 5y +12.6 %/yr)
Highly profitable · 20.3% net margin
Low debt · generates free cash flow
Wide moat 74/100

Risks

!Trades 205% ABOVE our fair value of £71.97
!Mixed vs. peers (7/12)
!Weak on dividend: 24 out of 100
Healthy Growth (revenue 5y +12.6 %/yr)
Highly profitable · 20.3% net margin
Low debt · generates free cash flow
1.19% dividend yield
Mixed vs. peers (7/12)
Wide moat 74/100
Evidence: High Range £48.88 – £93.33 Share as image

Fair value as of: Aug 27, 2026

From 26 valuation models · updated today

Fair value updated Aug 27, 2026, revised from £0.8400 to £71.97 (+8,467.9%) since Aug 16, 2026. Share price +8.9% over the past month.

A solid business, but trading 205% above our fair value.

What runs behind every stock

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

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What matters now

  • A high-quality business (quality 74/100), 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 (£93.33). The favourable scenario is already priced in.
  • A fairly wide model range (£48.88 to £93.33) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

£255.53 £0.5091 Fair Value £71.97 Jan 2017 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range £0.5091 – £255.53 · fair‑value band £48.88 – £93.33 · the £219.40 price screens above the £71.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Konami Holdings Corp (KNM) currently trades at £219.40, while our model-based Fair Value estimate is £71.97, implying the stock looks roughly 67.2% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Konami Holdings Corp generated revenue of £494B at a net margin of 20.3%. Revenue grew 27.0% year over year. It earns a return on equity of 19.1%. The balance sheet holds a net cash position of £288B. Fundamentals as of Aug 27, 2026

Our scenario range runs from £48.88 (bear case) to £93.33 (bull case); at £219.40, the current price sits above 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. For context, the median of 10 Communication Services peers we cover trades at -25% fair-value upside, at -67%, KNM screens richer 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 £9,129 £12,427 £17,270 80
Residual Income £5,045 £6,705 £25,106 76
Rev-Margin DCF £9,212 £13,370 £17,961 74
All 26 models by family
DCF Models
FCF DCF £8,937 £12,536 £18,094 38
Owner Earnings £8,813 £12,346 £17,802 31
5Y Revenue Exit £9,212 £13,346 £18,529 39
5Y EBITDA Exit £11,307 £17,156 £23,838 41
5Y P/E Exit £11,522 £17,548 £23,709 38
10Y Revenue Exit £8,818 £12,588 £17,449 36
10Y EBITDA Exit £10,405 £15,255 £21,491 37
10Y P/E Exit £10,543 £15,529 £21,393 35
Earnings-Based
Graham-Dodd £5,017 £13,461 £17,618 54
Lynch FV £2,624 £3,748 £4,872 50
PEG = 1.0 £2,624 £3,748 £4,872 46
EPV £9,715 £11,055 £12,246 59
Dividend Discount
Gordon GGM £1,754 £3,829 £6,443 70
DDM Multi-Stage £1,754 £2,779 £3,924 61
Multiples
P/E Multiple £12,174 £16,232 £20,289 63
P/S Multiple £9,407 £12,543 £15,678 58
P/B Multiple £9,407 £12,543 £15,678 55
EV/EBIT £14,832 £19,069 £23,306 53
EV/EBITDA £13,925 £17,859 £21,793 54
EV/Revenue £9,770 £13,047 £16,325 43
Asset-Based
NCAV (Graham) £2,082 £2,790 £4,165 50
Growth DCF
Growth DCF £9,129 £12,427 £17,270 80
Rev-Margin DCF £9,212 £13,370 £17,961 74
Economic Profit
Residual Income £5,045 £6,705 £25,106 76
ROIC Compounder £10,069 £11,922 £13,903 72
Growth Earnings
Growth-Adj P/E £9,549 £13,641 £17,733 68

Widest divergence: Growth Earnings (£13,641) versus Dividend Discount (£2,779). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 0.3 as of Jul 18, 2026
P/S ratio 0.05 P/E × margin
EPS (TTM) £737.89 price ÷ EPS = P/E 0.3
Dividend yield 1.2% payout 0.4%
Net margin 20.3% FY2026
Return on equity 19.1% TTM
More key figures
Profitability
Return on assets (EBIT) 14.1% avg 5y
Operating margin 23.6% TTM
Growth
Revenue (TTM) £494B TTM
Revenue growth (YoY) +27.0% 3y avg +16.2%
EPS growth (YoY) +122%
Balance sheet & cash flow
Free cash flow £80.0B FY2026
Net cash £288B FY2026

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 73 · Market factors (momentum, volatility) 58

Profitability 66
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Konami Group Corporation, together with its subsidiaries, primarily engages in the digital entertainment, amusement, gaming and systems, and sports businesses in Japan, Asia/Oceania countries, the United States, and Europe.

Full company description

Konami Group Corporation, together with its subsidiaries, primarily engages in the digital entertainment, amusement, gaming and systems, and sports businesses in Japan, Asia/Oceania countries, the United States, and Europe. The company's Digital Entertainment segment engages in the production, manufacture, and sale of digital content and related products, including mobile games, card games, and computer and video games. The Amusement segment engages in the design, production, and sale of amusement machines; and offers online game services. The company's Gaming & Systems segment produces, manufactures, distributes, and services gaming machines and casino management systems. The Sports segment operates sports clubs and sports classes, including swimming, gymnastics, dance, soccer, tennis, and golf, as well as produces and sells sports-related goods. The company was formerly known as Konami Holdings Corporation and changed its name to Konami Group Corporation in July 2022. Konami Group Corporation was founded in 1969 and is headquartered in Tokyo, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Konami Holdings Corp reported revenue of ¥494B in FY2026 versus ¥300B in FY2022, a compound +13.3%/yr. Reported net income was ¥100B in FY2026, compounding +16.2%/yr from FY2022.

Growth Quality 97/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
£494B
Latest YoY
+17.1%
Avg. revenue 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.
+16.2%
Avg. revenue 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.
+12.6%
Avg. revenue growth/yr (25Y) 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.
+4.3%
Value creation/yr (5Y, in JPY) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+26.6% (25.4 + 1.2)
Revenue +13.3%/yr
FY22 ¥300B
FY23 ¥314B
FY24 ¥360B
FY25 ¥422B
FY26 ¥494B
Net income +16.2%/yr
FY22 ¥54.8B
FY23 ¥34.9B
FY24 ¥59.2B
FY25 ¥74.7B
FY26 ¥100B
Character of growth · EPS growth decomposed (2015-2026) +19.9 % p.a.
Revenue per share +7.2 pp

of which total revenue +6.9 pp · buybacks/dilution +0.2 pp

EBIT margin +9.9 pp
Tax rate +1.8 pp
Residual (interest, one-offs) +1.1 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).

KNM screens 67% overvalued. Compare with NetEase, Inc →

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Cite: Fair Value Calculator (2026). "Konami Holdings Corp Fair Value". https://www.fairvalue-calculator.com/stock/KNM

Peer Group

Electronic Gaming & Multimedia · 156 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 74 · Top 25%
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

P/E (TTM) 0.3× · Cheaper than 75% of peers
P/FCF 43.5× · Pricier than 75% of peers
PEG 2.12× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 26
FUTURE100 · sector 7
PAST76 · sector 11
HEALTH96 · sector 99
DIVIDEND24 · sector 56

VALUE 0: the price sits above our fair-value range.

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

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Zhejiang Century Huatong Group 002602 ¥13.90 ¥14.68 +6%
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Giant Network Group 002558 ¥28.57 ¥15.50 -46%
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Frequently asked questions

Is Konami Holdings Corp (KNM) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of £71.97 versus a price of £219.40, about −67% (overvalued).
What is the fair value of KNM?
Our model-based fair value for Konami Holdings Corp is £71.97 (as of Aug 27, 2026), built from audited fundamentals. The current price: £219.40.
What is the quality score of KNM?
Konami Holdings Corp has a Quality Score of 74/100. 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 Konami Holdings Corp (KNM)?
Konami Holdings Corp reported trailing-twelve-month revenue of about £494B (latest available figure, as of Aug 27, 2026).
What is the net profit margin of KNM?
The net profit margin of Konami Holdings Corp is about 20.3%, meaning it keeps roughly 20.3% of revenue as net income. Based on the latest reported figures.
Does Konami Holdings Corp pay a dividend?
Konami Holdings Corp currently shows a dividend yield of about 1.17% relative to its recent price (as of Aug 27, 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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