Sk Kaken Co.Ltd (SKKAF) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Sk Kaken Co.Ltd stock $94.17, price $65.22, upside +44.4%, quality 62 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Sk Kaken Co.,Ltd. manufactures and sells organic and inorganic water-based coating materials, synthetic resin paints, inorganic coating materials, and inorganic building materials in Japan and internationally.
Show moreShow less
The company is also involved in the contracting of special finishing works; and manufacture and sale of heat insulation materials, fireproof coating materials, fireproof paints, and contracting of fireproof insulation works, as well as various chemical products.
In addition, the company's products include exterior finishes, top coating materials, interior finishes, roof paints, iron paints, coated flooring, rooftop waterproofing materials, base adjustment coating materials, and fireproof covering/insulation materials.
The company was formerly known as Shikoku Kaken Industry Co., Ltd. and changed its name to Sk Kaken Co.,Ltd. in April 1991. Sk Kaken Co.,Ltd. was founded in 1958 and is headquartered in Ibaraki, Japan.
Stock analysis
Sk Kaken Co.Ltd (SKKAF) currently trades at $65.22, while our model-based Fair Value estimate is $94.17, implying the stock looks roughly 31% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of $118.29 per share, and 21 of the 26 models we run sit above the $65.22 price.
Bear case: the Dividend Discount group reads lowest at $11.18, and 5 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $81.06 (bear) to $107.27 (bull), the price of $65.22 sits below 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 62/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sk Kaken Co.Ltd reported revenue of ¥110B in FY2026 versus ¥88.3B in FY2022, a compound +5.7%/yr. Reported net income was ¥12.3B in FY2026, compounding +8.7%/yr from FY2022.
Key figures
Market cap $880M Small · P/E ratio 9.3 · P/S ratio 1.04 · EPS (TTM) $7.00 · Dividend yield 2.0% · Net margin 11.2% · Return on equity 8.6% · Return on assets (EBIT) 6.4% (3-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −42% fair-value upside, at 44%, SKKAF screens cheaper than that median.
Fair Value models
Bear$81.06Fair Value $94.17Bull$107.27
Price $65.22 · Upside +44.4%
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 ($4.37 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
FCF DCF$92.84$112.42$139.4280
Growth DCF$93.63$111.21$134.1677
Residual Income$64.99$67.36$73.4376
All 26 models by family
DCF Models
FCF DCF$92.84$112.42$139.4280
Owner Earnings$98.32$120.35$150.7375
5Y Revenue Exit$96.16$122.87$156.3371
5Y EBITDA Exit$90.30$112.20$136.9674
5Y P/E Exit$105.64$140.15$175.4069
10Y Revenue Exit$92.99$116.22$146.0966
10Y EBITDA Exit$90.86$109.18$132.2067
10Y P/E Exit$100.18$127.61$159.7763
Earnings-Based
Graham-Dodd$38.92$105.67$138.4865
Lynch FV$28.29$40.41$52.5461
PEG = 1.0$28.29$40.41$52.5457
EPV$80.12$84.85$88.8970
Dividend Discount
Gordon GGM$6.46$12.55$18.5267
DDM Multi-Stage$6.46$9.81$13.1566
Multiples
P/E Multiple$72.98$97.31$121.6363
P/S Multiple$57.66$76.88$96.1058
P/B Multiple$182.85$243.80$304.7655
EV/EBIT$107.70$127.68$147.6663
EV/EBITDA$92.73$107.72$122.7164
EV/Revenue$99.71$121.98$144.2452
Asset-Based
NCAV (Graham)$32.94$49.91$62.3952
Growth DCF
Growth DCF$93.63$111.21$134.1677
Rev-Margin DCF$96.16$123.09$152.9371
Economic Profit
Residual Income$64.99$67.36$73.4376
ROIC Compounder$80.12$86.19$93.7570
Growth Earnings
Growth-Adj P/E$58.87$84.10$109.3367
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.0%
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.
+4.9%
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.
+5.3%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
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.
+11.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.2%
Dividend (yield on the price)2.0%
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.12% → 11%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−19.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about −20.8% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Specialty Chemicals · 756 stocks
Beats the industry median on 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+44.4% · Top 25%
Profitability
Return on equity (12 months)8.6% · Above median
Return on assets6.0% · Above median
Net margin (12 months)12.7% · Top 25%
Operating margin (12 months)16.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)21.2% · Above median
Dividend yield (12 months)2.0% · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)9.3× · Cheapest 25%
P/B0.80× · Cheapest 25%
P/S (12 months)1.22× · Cheaper than median
Price / free cash flow (fiscal year)15.2× · Cheaper than median
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 Sk Kaken Co.Ltd (SKKAF) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of $94.17 versus a price of $65.22, about +44% upside (undervalued).
What is the fair value of SKKAF?
Our model-based fair value for Sk Kaken Co.Ltd is $94.17 (as of Nov 13, 2026), built from audited fundamentals. The current price: $65.22.
What is the quality score of SKKAF?
Sk Kaken Co.Ltd has a Quality Score of 62/100. 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 Sk Kaken Co.Ltd (SKKAF)?
Our model-based price target is the fair value of $94.17 (as of Nov 13, 2026) from 26 valuation models. Cautious scenario $81.06, optimistic scenario $107.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Sk Kaken Co.Ltd stock forecast for 2026?
Our models put fair value at $94.17, about +44% upside versus a price of $65.22 (undervalued). Cautious scenario $81.06, optimistic scenario $107.27. The calculation is refreshed regularly with new filings.
What is the revenue of Sk Kaken Co.Ltd (SKKAF)?
Sk Kaken Co.Ltd reported trailing-twelve-month revenue of about ¥115B (latest available figure, as of Nov 13, 2026).
Does Sk Kaken Co.Ltd pay a dividend?
Sk Kaken Co.Ltd currently shows a dividend yield of 1.99% relative to its recent price (as of Nov 13, 2026).
How much is the dividend of Sk Kaken Co.Ltd (SKKAF) and when is the ex-dividend date?
Sk Kaken Co.Ltd has a dividend yield of 2.0%. The next ex-dividend date is Mar 30, 2027. A dividend has been paid every year since at least 2014. The payout ratio is 13.2% of earnings. Free cash flow covers the dividend 5.68 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Sk Kaken Co.Ltd (SKKAF)?
For today's price to be fair in a discounted-cash-flow model, Sk Kaken Co.Ltd would have to grow free cash flow by -19.1 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.3 % per year. As of Nov 13, 2026.
What discount rate (WACC) does the fair value of SKKAF use?
Our models discount Sk Kaken Co.Ltd at 9.8 %: a base by market capitalisation (small), damped by beta 0.09, country premium for USA. 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 Sk Kaken Co.Ltd that is -19.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Sk Kaken Co.Ltd (SKKAF) delivered so far?
Over the past 5 years revenue at Sk Kaken Co.Ltd grew +5.3 % a year. The price currently implies free-cash-flow growth of -19.1 % per 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 Sk Kaken Co.Ltd (SKKAF) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into Sk Kaken Co.Ltd (-19.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sk Kaken Co.Ltd (SKKAF)?
The free-cash-flow yield on the price is 6.59 %: that much free cash flow Sk Kaken Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sk Kaken Co.Ltd (SKKAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sk Kaken Co.Ltd it is $94.17 per share (as of Nov 13, 2026), against a price of $65.22. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sk Kaken Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 13, 2026, SKKAF trades below its calculated fair value: price $65.22, fair value $94.17, a gap of about +44% (undervalued). 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 SKKAF?
No. The price is what the market pays today ($65.22); the fair value is what the company's own numbers justify ($94.17). For Sk Kaken Co.Ltd the two are $28.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sk Kaken Co.Ltd worth?
The market values Sk Kaken Co.Ltd at about $880M (market capitalisation, as of Nov 13, 2026). Per share that is $65.22; our models calculate a fair value of $94.17 per share.
What do the bullish and bearish scenarios say about SKKAF?
Our models span a range for Sk Kaken Co.Ltd: cautious scenario $81.06, base $94.17, optimistic $107.27 per share (as of Nov 13, 2026, price $65.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SKKAF?
Sk Kaken Co.Ltd trades at a price-to-earnings ratio of 9.3 (as of Nov 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $94.17 is built from several models across several years. Other multiples: P/B 0.8, P/S 1.2, EV/EBITDA 1.2.
How solid is the balance sheet of Sk Kaken Co.Ltd (SKKAF)?
Balance-sheet figures for Sk Kaken Co.Ltd (as of Nov 13, 2026): return on equity 8.6%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is SKKAF from its 52-week high?
Sk Kaken Co.Ltd trades at $65.22, about 2% below its 52-week high of $66.37 and 14% above the low of $57.28 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of $94.17 is for.
Which stocks are comparable to Sk Kaken Co.Ltd?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Air Products and Chemicals, Inc, 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 Sk Kaken Co.Ltd stock attractive at the current price?
The data as of Nov 13, 2026: price $65.22, calculated fair value $94.17 (+44%), Quality Score 62/100, 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 SKKAF calculated?
We run Sk Kaken Co.Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $94.17 builds on their evidence-weighted average, 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 13.9% above its aggregate fair value. Sk Kaken Co.Ltd currently trades 31% below its own fair value, and the market average says nothing about that. 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 Sk Kaken Co.Ltd (SKKAF)?
The closing price on Nov 12, 2026 was $65.22. Our model-based fair value is $94.17, about +44% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sk Kaken Co.Ltd right now?
The price is below even our cautious bear case ($81.06). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Sk Kaken Co.Ltd
How large is the market capitalisation of Sk Kaken Co.Ltd (SKKAF)?
The market capitalisation of Sk Kaken Co.Ltd is $880M. 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 Sk Kaken Co.Ltd (SKKAF)?
The price-to-sales ratio of Sk Kaken Co.Ltd is 1.04 (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 Sk Kaken Co.Ltd (SKKAF)?
Earnings per share at Sk Kaken Co.Ltd are $7.00 (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sk Kaken Co.Ltd (SKKAF)?
The dividend yield of Sk Kaken Co.Ltd is 2.0% (payout 18.5%). 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 Sk Kaken Co.Ltd (SKKAF)?
The net margin of Sk Kaken Co.Ltd is 11.2% (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 Sk Kaken Co.Ltd (SKKAF)?
The return on equity (ROE) of Sk Kaken Co.Ltd is 8.6% (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 Sk Kaken Co.Ltd (SKKAF)?
On an EBIT basis the return on assets of Sk Kaken Co.Ltd is 6.4% (avg 3y). 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 Sk Kaken Co.Ltd (SKKAF)?
The operating margin of Sk Kaken Co.Ltd is 16.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sk Kaken Co.Ltd (SKKAF)?
Revenue at Sk Kaken Co.Ltd is growing +21.2% versus a year earlier (3y avg +4.9%). 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 Sk Kaken Co.Ltd (SKKAF)?
Earnings per share at Sk Kaken Co.Ltd are growing +114% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sk Kaken Co.Ltd (SKKAF) hold?
Sk Kaken Co.Ltd holds more cash than debt, ¥103B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Sk Kaken Co.Ltd in the live analysis
One click puts Sk Kaken Co.Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 13, 2026