Sysmex Corporation (SSMXF) fair value: what the stock is really worth
As of Jul 8, 2026: fair value of Sysmex Corporation $8.04, price $8.85, upside -9.2%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 23, 2026.
How to read this chart
60‑month range $8.09 – $41.02 · fair‑value band $6.03 – $10.05 · the $8.85 price screens above the $8.04 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Sysmex Corporation engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software.
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Sysmex Corporation engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software. It offers non-clinical blood testing and cell analysis for hematology, such as XN-V series, a software for laboratory animal corresponding to XN series fully automated hematology analyzers; XN-Series, a fully automated flagship hematology analyzers; and Automated hematology analyzer ProCyte Dx for Research applications, a housed in a compact body that simultaneously measures five types of leukocytes and reticulocyte counts; coagulation, blood gas/ electrolyte/ urinalysis, cells/ microorganisms, including particle counter/analyzer CDA-1000/1000B, an equipment which is capable of counting cells, yeast, algae, bacteria, and others. The company serves national and other public hospitals, general hospitals, universities, research institutes, other medical institutions, etc. The company was formerly known as TOA Medical Electronics Co., Ltd. and changed its name to Sysmex Corporation in October 1998. Sysmex Corporation was founded in 1968 and is headquartered in Kobe, Japan.
Stock analysis
Sysmex Corporation (SSMXF) currently trades at $8.85, while our model-based Fair Value estimate is $8.04, so the stock looks roughly fairly valued today (gap 10.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $9.72 per share, and 14 of the 26 models we run sit above the $8.85 price.
Bear case: the Earnings-Based group reads lowest at $3.45, and 12 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $6.03 (bear) to $10.05 (bull), the price of $8.85 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 57/100 (solid quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sysmex Corporation reported revenue of ¥503B in FY2026 versus ¥364B in FY2022, a compound +8.4%/yr. Reported net income was ¥35.7B in FY2026, compounding −5.2%/yr from FY2022.
Key figures
Market cap $5.5B · P/E ratio 25.3 · P/S ratio 1.79 · EPS (TTM) $0.3500 · Dividend yield 2.9% · Net margin 7.1% · Return on equity 7.3% · Return on assets (EBIT) 12.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 6% fair-value upside, at −9%, SSMXF screens richer than that median.
Fair Value models
Bear $6.03Fair Value $8.04Bull $10.05
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 is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.1%
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.
+7.0%
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.
+10.5%
Start year 2021 (pandemic). Over 10 years: +7.1% a year
Revenue growth 21 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%
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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.
−16.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.3%
Dividend (yield on the price)2.9%
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.−19.3% vs −11.2%, slowing
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.17% → 12%
Start year 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than 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).
+7.2%
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.
+5.3%
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 +5.0% a year for the price and +3.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (17 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
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.Medical Devices · 351 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−26.0% · Below median
Profitability
Return on equity (TTM)7.3% · Above median
Return on assets5.8% · Top 25%
Net margin (TTM)7.1% · Above median
Operating margin (TTM)10.6% · Above median
Growth and dividend
Revenue growth−2.9% · Bottom 25%
Dividend yield (TTM)2.9% · Above median
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Medical Devices median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sysmex Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SSMXF
Frequently asked questions
Is Sysmex Corporation (SSMXF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $8.04 versus the last price from Jul 8, 2026 of $8.85, about −9% upside (fairly valued).
What is the fair value of SSMXF?
Our model-based fair value for Sysmex Corporation is $8.04 (as of Sep 23, 2026), built from audited fundamentals. Last price (from Jul 8, 2026): $8.85.
What is the quality score of SSMXF?
Sysmex Corporation has a Quality Score of 57/100. 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 Sysmex Corporation (SSMXF)?
Our model-based price target is the fair value of $8.04 (as of Sep 23, 2026) from 26 valuation models. Cautious scenario $6.03, optimistic scenario $10.05. It is a calculation from audited fundamentals, not an analyst target.
What is the Sysmex Corporation stock forecast for 2026?
Our models put fair value at $8.04, about −9% upside versus the last price from Jul 8, 2026 of $8.85 (fairly valued). Cautious scenario $6.03, optimistic scenario $10.05. The calculation is refreshed regularly with new filings.
What is the revenue of Sysmex Corporation (SSMXF)?
Sysmex Corporation reported trailing-twelve-month revenue of about ¥500B (latest available figure, as of Sep 23, 2026).
Does Sysmex Corporation pay a dividend?
Sysmex Corporation currently shows a dividend yield of about 2.86% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Sysmex Corporation (SSMXF)?
For today's price to be fair in a discounted-cash-flow model, Sysmex Corporation would have to grow free cash flow by +7.2 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of SSMXF use?
Our models discount Sysmex Corporation at 8.9 %: a base by market capitalisation (mid), damped by beta 0.65, 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 Sysmex Corporation that is +7.2 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Sysmex Corporation (SSMXF) delivered so far?
Over the past 5 years revenue at Sysmex Corporation grew +10.5 % a year. The price currently implies +7.2 % 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 Sysmex Corporation (SSMXF) growing?
The median revenue growth in the sector is +5.0 % a year. That is the yardstick for the growth priced into Sysmex Corporation (+7.2 % 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 Sysmex Corporation (SSMXF)?
The free-cash-flow yield on the price is 4.73 %: that much free cash flow Sysmex Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sysmex Corporation (SSMXF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sysmex Corporation it is $8.04 per share (as of Sep 23, 2026), against a price of $8.85. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Sysmex Corporation stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SSMXF trades above its calculated fair value: price $8.85, fair value $8.04, a gap of about −9% (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 SSMXF?
No. The price is what the market pays today ($8.85); the fair value is what the company's own numbers justify ($8.04). For Sysmex Corporation the two are $0.8100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sysmex Corporation worth?
The market values Sysmex Corporation at about $5.5B (market capitalisation, as of Sep 23, 2026). Per share that is $8.85; our models calculate a fair value of $8.04 per share.
What do the bullish and bearish scenarios say about SSMXF?
Our models span a range for Sysmex Corporation: cautious scenario $6.03, base $8.04, optimistic $10.05 per share (as of Sep 23, 2026, price $8.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SSMXF?
Sysmex Corporation trades at a price-to-earnings ratio of 25.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8.04 is built from several models across several years. Other multiples: P/B 1.7, P/S 1.7, EV/EBITDA 7.5.
How solid is the balance sheet of Sysmex Corporation (SSMXF)?
Balance-sheet figures for Sysmex Corporation (as of Sep 23, 2026): return on equity 7.3%, debt of 0.06 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is SSMXF from its 52-week high?
Sysmex Corporation trades at $8.85, about 47% below its 52-week high of $16.80 and 9% above the low of $8.09 (as of Jul 8, 2026). Distance from the high says nothing about value: that is what the fair value of $8.04 is for.
Which stocks are comparable to Sysmex Corporation?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, 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 Sysmex Corporation stock attractive at the current price?
The data as of Sep 23, 2026: price $8.85, calculated fair value $8.04 (−9%), Quality Score 57/100, 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 SSMXF calculated?
We run Sysmex Corporation 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 $8.04, 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. Sysmex 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 Sysmex Corporation (SSMXF)?
The latest price we hold is from Jul 8, 2026 and stands at $8.85. Our model-based fair value is $8.04, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sysmex Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Sysmex Corporation (SSMXF) come from?
Earnings per share at Sysmex Corporation grew −3.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +1.4 %, EBIT margin −3.4 %, tax rate −0.2 %, residual (interest, one-offs) −1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sysmex Corporation
How large is the market capitalisation of Sysmex Corporation (SSMXF)?
The market capitalisation of Sysmex Corporation is $5.5B. 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 Sysmex Corporation (SSMXF)?
The price-to-sales ratio of Sysmex Corporation is 1.79 (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 Sysmex Corporation (SSMXF)?
Earnings per share at Sysmex Corporation are $0.3500 (price ÷ EPS = P/E 25.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sysmex Corporation (SSMXF)?
The dividend yield of Sysmex Corporation is 2.9% (payout 72.3%). 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 Sysmex Corporation (SSMXF)?
The net margin of Sysmex Corporation is 7.1% (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 Sysmex Corporation (SSMXF)?
The return on equity (ROE) of Sysmex Corporation is 7.3% (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 Sysmex Corporation (SSMXF)?
On an EBIT basis the return on assets of Sysmex Corporation is 12.4% (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 Sysmex Corporation (SSMXF)?
The operating margin of Sysmex Corporation is 10.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sysmex Corporation (SSMXF)?
Revenue at Sysmex Corporation is growing −2.9% versus a year earlier (3y avg +7.0%). 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 Sysmex Corporation (SSMXF)?
Earnings per share at Sysmex Corporation are growing −3.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sysmex Corporation (SSMXF) hold?
Sysmex Corporation holds more cash than debt, ¥13.7B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Sep 23, 2026