Takasago Thermal Engineering Co (Q74) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Takasago Thermal Engineering Co €24.98, price €25.80, upside -3.2%, quality 66 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.
TTBroad dataSep 30, 2026
Takasago Thermal Engineering Co
Q74 · F
NeutralThe stock looks roughly fairly valued with average quality.
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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
25‑month range €13.26 – €30.13 · fair‑value band €17.49 – €33.53 · the €25.80 price screens above the €24.98 fair value. Dashed = 300-day average. As of Sep 30, 2026.
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Takasago Thermal Engineering Co., Ltd. designs and constructs air conditioning systems in Japan and internationally.
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Takasago Thermal Engineering Co., Ltd. designs and constructs air conditioning systems in Japan and internationally. It also offers production, storage, and utilization system for green hydrogen; clean booths for medical use; MAT, a total system for measurement, analysis, and evaluation; wall outlet type and clean rooms air conditioning systems; chemical washers; dehumidifier; ice making machines; and aluminum refrigerant piping systems. In addition, the company provides datacenter operation measures service; dry room technology; GDoc BA, a smart monitoring and control systems; GDoc DHC, an automatic heat source control systems for large thermal storage tank facilities; GDoc premium, a real-time control system; GODA Cloud, a data collection and analysis tool; and swirling induction type HVAC and clean dry air supply systems. The company was formerly known as Takasago Heating Works Co., Ltd. and changed its name to Takasago Thermal Engineering Co., Ltd. in 1943. The company was incorporated in 1923 and is headquartered in Shinjuku, Japan.
Stock analysis
Takasago Thermal Engineering Co (Q74) currently trades at €25.80, while our model-based Fair Value estimate is €24.98, so the stock looks roughly fairly valued today (gap 3.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of €28.65 per share, and 14 of the 26 models we run sit above the €25.80 price.
Bear case: the Asset-Based group reads lowest at €6.05, and 12 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: €17.49 (bear) to €33.53 (bull), the price of €25.80 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 66/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Takasago Thermal Engineering Co reported revenue of ¥424B in FY2026 versus ¥303B in FY2022, a compound +8.8%/yr. Reported net income was ¥37.5B in FY2026, compounding +34.3%/yr from FY2022.
Key figures
Market cap €3.4B · P/E ratio 16.3 · P/S ratio 1.44 · EPS (TTM) €1.58 · Dividend yield 2.6% · Net margin 8.8% · Return on equity 18.1% · Return on assets (EBIT) 7.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at −3%, Q74 screens cheaper than that median.
Fair Value models
Bear €17.49Fair Value €24.98Bull €33.53
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
+11.1%
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.
+7.8%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+40.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+37.4%
Dividend (yield on the price)2.6%
Profit margin 2022 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.5% → 11%
2026 sits 94% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what 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).
+9.0%
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.
+6.7%
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 +6.8% a year for the price and +4.5% for the forecasts.
Compare Takasago Thermal Engineering Co with another stock
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.Building Products & Equipment · 251 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−3.9% · Above median
Profitability
Return on equity (TTM)18.1% · Top 25%
Return on assets8.9% · Top 25%
Net margin (TTM)8.4% · Above median
Operating margin (TTM)10.0% · Above median
Growth and dividend
Revenue growth−9.9% · Bottom 25%
Dividend yield (TTM)2.6% · Above median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Building Products & Equipment 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). "Takasago Thermal Engineering Co Fair Value". https://www.fairvalue-calculator.com/stock/Q74
Frequently asked questions
Is Takasago Thermal Engineering Co (Q74) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of €24.98 versus a price of €25.80, about −3% upside (fairly valued).
What is the fair value of Q74?
Our model-based fair value for Takasago Thermal Engineering Co is €24.98 (as of Sep 30, 2026), built from audited fundamentals. The current price: €25.80.
What is the quality score of Q74?
Takasago Thermal Engineering Co has a Quality Score of 66/100. 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 Takasago Thermal Engineering Co (Q74)?
Our model-based price target is the fair value of €24.98 (as of Sep 30, 2026) from 26 valuation models. Cautious scenario €17.49, optimistic scenario €33.53. It is a calculation from audited fundamentals, not an analyst target.
What is the Takasago Thermal Engineering Co stock forecast for 2026?
Our models put fair value at €24.98, about −3% upside versus a price of €25.80 (fairly valued). Cautious scenario €17.49, optimistic scenario €33.53. The calculation is refreshed regularly with new filings.
What is the revenue of Takasago Thermal Engineering Co (Q74)?
Takasago Thermal Engineering Co reported trailing-twelve-month revenue of about ¥415B (latest available figure, as of Sep 30, 2026).
Does Takasago Thermal Engineering Co pay a dividend?
Takasago Thermal Engineering Co currently shows a dividend yield of about 2.60% relative to its recent price (as of Sep 30, 2026).
What growth is priced into Takasago Thermal Engineering Co (Q74)?
For today's price to be fair in a discounted-cash-flow model, Takasago Thermal Engineering Co would have to grow free cash flow by +9.0 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +8.8 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of Q74 use?
Our models discount Takasago Thermal Engineering Co at 8.3 %: a base by market capitalisation (mid), damped by beta 0.42, 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 Takasago Thermal Engineering Co that is +9.0 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Takasago Thermal Engineering Co (Q74) delivered so far?
Over the past 4 years revenue at Takasago Thermal Engineering Co grew +8.8 % a year. The price currently implies +9.0 % 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 Takasago Thermal Engineering Co (Q74) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into Takasago Thermal Engineering Co (+9.0 % 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 Takasago Thermal Engineering Co (Q74)?
The free-cash-flow yield on the price is 4.12 %: that much free cash flow Takasago Thermal Engineering Co produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Takasago Thermal Engineering Co (Q74)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Takasago Thermal Engineering Co it is €24.98 per share (as of Sep 30, 2026), against a price of €25.80. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Takasago Thermal Engineering Co stock overvalued or undervalued in 2026?
As of Sep 30, 2026, Q74 trades above its calculated fair value: price €25.80, fair value €24.98, a gap of about −3% (fairly valued). 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 Q74?
No. The price is what the market pays today (€25.80); the fair value is what the company's own numbers justify (€24.98). For Takasago Thermal Engineering Co the two are €0.8200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Takasago Thermal Engineering Co worth?
The market values Takasago Thermal Engineering Co at about €3.4B (market capitalisation, as of Sep 30, 2026). Per share that is €25.80; our models calculate a fair value of €24.98 per share.
What do the bullish and bearish scenarios say about Q74?
Our models span a range for Takasago Thermal Engineering Co: cautious scenario €17.49, base €24.98, optimistic €33.53 per share (as of Sep 30, 2026, price €25.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of Q74?
Takasago Thermal Engineering Co trades at a price-to-earnings ratio of 16.3 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €24.98 is built from several models across several years. Other multiples: P/B 2.9, P/S 1.5, EV/EBITDA 11.3.
How solid is the balance sheet of Takasago Thermal Engineering Co (Q74)?
Balance-sheet figures for Takasago Thermal Engineering Co (as of Sep 30, 2026): return on equity 18.1%, debt of 0.05 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is Q74 from its 52-week high?
Takasago Thermal Engineering Co trades at €25.80, about 14% below its 52-week high of €30.13 and 18% above the low of €21.80 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €24.98 is for.
Which stocks are comparable to Takasago Thermal Engineering Co?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Takasago Thermal Engineering Co stock attractive at the current price?
The data as of Sep 30, 2026: price €25.80, calculated fair value €24.98 (−3%), Quality Score 66/100, 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 Q74 calculated?
We run Takasago Thermal Engineering Co 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 €24.98, 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. Takasago Thermal Engineering Co 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 Takasago Thermal Engineering Co (Q74)?
The closing price on Oct 1, 2026 was €25.80. Our model-based fair value is €24.98, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Takasago Thermal Engineering Co right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (€17.49 to €33.53) leaves room in how you read the outcome.
Key figures of Takasago Thermal Engineering Co
How large is the market capitalisation of Takasago Thermal Engineering Co (Q74)?
The market capitalisation of Takasago Thermal Engineering Co is €3.4B. 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 Takasago Thermal Engineering Co (Q74)?
The price-to-sales ratio of Takasago Thermal Engineering Co is 1.44 (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 Takasago Thermal Engineering Co (Q74)?
Earnings per share at Takasago Thermal Engineering Co are €1.58 (price ÷ EPS = P/E 16.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Takasago Thermal Engineering Co (Q74)?
The dividend yield of Takasago Thermal Engineering Co is 2.6% (payout 42.5%). 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 Takasago Thermal Engineering Co (Q74)?
The net margin of Takasago Thermal Engineering Co is 8.8% (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 Takasago Thermal Engineering Co (Q74)?
The return on equity (ROE) of Takasago Thermal Engineering Co is 18.1% (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 Takasago Thermal Engineering Co (Q74)?
On an EBIT basis the return on assets of Takasago Thermal Engineering Co is 7.7% (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 Takasago Thermal Engineering Co (Q74)?
The operating margin of Takasago Thermal Engineering Co is 10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Takasago Thermal Engineering Co (Q74)?
Revenue at Takasago Thermal Engineering Co is growing −9.9% versus a year earlier (3y avg +7.8%). 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 Takasago Thermal Engineering Co (Q74)?
Earnings per share at Takasago Thermal Engineering Co are growing −28.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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