Shin-Etsu Polymer Co (SETUF) Fair Value & Analysis

Basic Materials · US · Market cap $784M

A solid business, screening 56% undervalued on our models.

What matters now

• The price is below even our cautious bear case ($11.45). The market is more pessimistic than our downside scenario.
• Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range $2.43 – $9.76 · fair‑value band $11.45 – $19.09 · the $9.76 price screens below the $15.27 fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Shin-Etsu Polymer Co (SETUF) currently trades at $9.76, while our model-based Fair Value estimate is $15.27, implying the stock looks roughly 56.5% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Basic Materials 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, Shin-Etsu Polymer Co generated revenue of $115B at a net margin of 8.6%. Revenue grew 5.5% year over year. It earns a return on equity of 7.8%. The stock trades on a trailing P/E of 12.0. Fundamentals as of Jul 21, 2026

Our scenario range runs from $11.45 (bear case) to $19.09 (bull case); at $9.76, 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 24% below its 52-week high and 6% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 56%, SETUF 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.

Widest divergence: DCF Models ($15.97) versus Earnings-Based ($4.06). Highest evidence: Growth DCF (72).

Key figures & financial health

Quality Score breakdown

About the company

Shin-Etsu Polymer Co.,Ltd. develops and supplies PVC and semiconductor silicone products worldwide. It offers touch switches and pads, rubber contacts, short strokes, metal domes, in-molds, pressure sensitive devices, view/light path control films, and anisotropic conductive rubber connectors; and silicone rubber tubes and sheets, silicone sponge sheets, …

Full company description

Shin-Etsu Polymer Co.,Ltd. develops and supplies PVC and semiconductor silicone products worldwide. It offers touch switches and pads, rubber contacts, short strokes, metal domes, in-molds, pressure sensitive devices, view/light path control films, and anisotropic conductive rubber connectors; and silicone rubber tubes and sheets, silicone sponge sheets, medical tube transitions, office automation rollers, medical and chemical products, culture plugs, embossed/blister carrier tapes, top cover tapes, plastic tape frame, and electronic component carrier, as well as wrap films. The company provides PVC pipes and corrugated sheets, sealing materials, self-bonding Silicone rubber tape, silicone adhesive sheets, and construction/civil engineering waterproof silicone sheet; and compound, transparent conductive ink, high-functioning engineering plastic films, PVC, TPV, and TPU compound, conductive polymer, and PEEK film. It serves consumer electronics, electric components, semiconductor, automotive, and construction markets. The company was incorporated in 1960 and is headquartered in Tokyo, Japan. Shin-Etsu Polymer Co., Ltd. is a subsidiary of Shin-Etsu Chemical Co., Ltd.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Shin-Etsu Polymer Co reported revenue of $115B in FY2026 versus $92.6B in FY2022, a compound +5.6%/yr. Reported net income was $9.9B in FY2026, compounding +11.9%/yr from FY2022.

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Peer Group

Specialty Chemicals · 676 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.

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.