U-NEXT HOLDINGS Co (USNNF) Fair Value & Analysis

Industrials · US · Market cap $2.5B

Below-average quality, and screening another 24% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case ($13.22). The favourable scenario is already priced in.
• Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (3 years)

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

How to read this chart

41‑month range $6.64 – $15.27 · fair‑value band $7.93 – $13.22 · the $13.95 price screens above the $10.58 fair value. Dashed = 300-day average. As of Jul 27, 2026.

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Analysis

U-NEXT HOLDINGS Co (USNNF) currently trades at $13.95, while our model-based Fair Value estimate is $10.58, implying the stock looks roughly 24.2% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials 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, U-NEXT HOLDINGS Co generated revenue of $416B at a net margin of 4.5%. Revenue grew 14.0% year over year. It earns a return on equity of 18.2%. Net debt stands at $11.9B. Fundamentals as of Jul 27, 2026

Our scenario range runs from $7.93 (bear case) to $13.22 (bull case); at $13.95, 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. The share trades about 35% below its 52-week high and 94% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -24%, USNNF 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.

Widest divergence: DCF Models ($2,029) versus Asset-Based ($403.79). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

U-NEXT HOLDINGS Co.,Ltd. offers entertainment services. It operates through five business segments: Content Distribution Business, Store Services Business, Communications Business, Business Systems Business, and Energy Business.

Full company description

U-NEXT HOLDINGS Co.,Ltd. offers entertainment services. It operates through five business segments: Content Distribution Business, Store Services Business, Communications Business, Business Systems Business, and Energy Business. It provision and sale of the video distribution service; provide, sell, and install store solutions including music distribution, as well as manage and develop music copyrights. The company provides business management services for hotels, hospitals, golf courses, etc, as well as develops, manufactures, and sells management systems and automatic payment machines. In addition, it provides electricity to stores, buildings and commercial facilities; sells high and low voltage electricity and gas; and provides green energy. The company was formerly known as USEN-NEXT HOLDINGS Co.,Ltd. and changed its name to U-NEXT HOLDINGS Co.,Ltd. in April 2024. U-NEXT HOLDINGS Co.,Ltd. was incorporated in 2009 and is based in Tokyo, Japan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

U-NEXT HOLDINGS Co reported revenue of $390B in FY2025 versus $208B in FY2021, a compound +17.0%/yr. Reported net income was $18.4B in FY2025, compounding +23.0%/yr from FY2021.

USNNF screens 24% overvalued. Compare with CITIC Limited →

Peer Group

Conglomerates · 370 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 Conglomerates 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.

Insider activity: 45/100

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.