Sanyo Chemical Industries, Ltd (XSI) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Sanyo Chemical Industries, Ltd €14.20, price €9.05, upside +56.9%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
In Frankfurt, only 0 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.
SCSome dataOct 2, 2026
Sanyo Chemical Industries, Ltd
XSI · F
Clearly undervaluedStrong Fair Value upside, but quality is only moderate.
✓Fair value €14.20 · Strongly undervalued (+56.9%)
✓Quality 70/100
!Mixed Growth(revenue 5y −0.3 %/yr)
!Thin margins · 8.4% net margin (TTM)
✓Low debt · generates free cash flow
✓1.9% dividend yield · Well covered
✓Ranks above peers(10/10)
!Moderate moat48/100
!Evidence only medium, so the estimate is less certain
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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 Oct 2, 2026.
How to read this chart
60‑month range €4.56 – €9.38 · fair‑value band €11.17 – €17.23 · the €9.05 price screens below the €14.20 fair value. Dashed = 300-day average. As of Oct 2, 2026.
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Sanyo Chemical Industries, Ltd. manufactures and sells chemical products in Japan.
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Sanyo Chemical Industries, Ltd. manufactures and sells chemical products in Japan. It offers multiple specialty categories, including extracellular vesicle purification kits, plant-derived textiles, fluidity improvers, nonionic surfactants, polyurethane materials, anionic surfactants, and antimicrobial agents, lubricants, polypropylene glycol derivatives, nonionic surfactants, dispersants, rust inhibitors, nonionic surfactants for cleaning applications, sizing agents, aminoalkyl methacrylate monomers, tooling boards, and antistatic agents, plastic additives, functional chemicals, pressure sensitive adhesives, UV curing resins, and cosmetic raw materials. The company is also involved in warehousing services. It serves car, housing, cosmetics, electronic and semiconductors, medical and life style industries. The company was formerly known as Sanyo Chemical Industry Co. and changed its name to Sanyo Chemical Industries, Ltd. in 1966. Sanyo Chemical Industries, Ltd. was incorporated in 1949 and is headquartered in Kyoto, Japan.
Stock analysis
Sanyo Chemical Industries, Ltd (XSI) currently trades at €9.05, while our model-based Fair Value estimate is €14.20, implying the stock looks roughly 36.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €15.38 per share, and 17 of the 23 models we run sit above the €9.05 price.
Bear case: the Dividend Discount group reads lowest at €2.30, and 6 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: €11.17 (bear) to €17.23 (bull), the price of €9.05 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 70/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
Sanyo Chemical Industries, Ltd reported revenue of ¥128B in FY2026 versus ¥163B in FY2022, a compound −5.8%/yr. Reported net income was ¥15.6B in FY2026, compounding +23.6%/yr from FY2022.
Key figures
Market cap €3.1B · P/E ratio 9.1 · P/S ratio 1.11 · EPS (TTM) €3.91 · Dividend yield 1.9% · Net margin 12.2% · Return on equity 7.9% · Return on assets (EBIT) 4.4%.
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 1% below its 52-week high and 76% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at 57%, XSI screens cheaper than that median.
Fair Value models
Bear €11.17Fair Value €14.20Bull €17.23
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.55/100
Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
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.
+3.3%
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.
−0.3%
Revenue growth 10 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.
−0.3%
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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. Basis: EBIT basis. 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.
≈ −1.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.5%
Dividend (yield on the price)1.9%
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.16.4% vs 4.3%, picking up
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.8% → 8%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 1.9%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2026 sits 218% above its own trend.
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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.Specialty Chemicals · 696 stocks
Beats the industry median on 10/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+56.9% · Top 25%
Profitability
Return on equity (TTM)7.9% · Above median
Return on assets4.3% · Above median
Net margin (TTM)8.4% · Above median
Operating margin (TTM)13.3% · Above median
Growth and dividend
Revenue growth20.9% · Above median
Dividend yield (TTM)1.9% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sanyo Chemical Industries, Ltd Fair Value". https://www.fairvalue-calculator.com/stock/XSI
Frequently asked questions
Is Sanyo Chemical Industries, Ltd (XSI) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of €14.20 versus a price of €9.05, about +57% upside (undervalued).
What is the fair value of XSI?
Our model-based fair value for Sanyo Chemical Industries, Ltd is €14.20 (as of Oct 2, 2026), built from audited fundamentals. The current price: €9.05.
What is the quality score of XSI?
Sanyo Chemical Industries, Ltd has a Quality Score of 70/100. 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 Sanyo Chemical Industries, Ltd (XSI)?
Our model-based price target is the fair value of €14.20 (as of Oct 2, 2026) from 23 valuation models. Cautious scenario €11.17, optimistic scenario €17.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Sanyo Chemical Industries, Ltd stock forecast for 2026?
Our models put fair value at €14.20, about +57% upside versus a price of €9.05 (undervalued). Cautious scenario €11.17, optimistic scenario €17.23. The calculation is refreshed regularly with new filings.
What is the revenue of Sanyo Chemical Industries, Ltd (XSI)?
Sanyo Chemical Industries, Ltd reported trailing-twelve-month revenue of about ¥135B (latest available figure, as of Oct 2, 2026).
Does Sanyo Chemical Industries, Ltd pay a dividend?
Sanyo Chemical Industries, Ltd currently shows a dividend yield of about 1.88% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Sanyo Chemical Industries, Ltd (XSI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sanyo Chemical Industries, Ltd it is €14.20 per share (as of Oct 2, 2026), against a price of €9.05. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Sanyo Chemical Industries, Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, XSI trades below its calculated fair value: price €9.05, fair value €14.20, a gap of about +57% (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 XSI?
No. The price is what the market pays today (€9.05); the fair value is what the company's own numbers justify (€14.20). For Sanyo Chemical Industries, Ltd the two are €5.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sanyo Chemical Industries, Ltd worth?
The market values Sanyo Chemical Industries, Ltd at about €3.1B (market capitalisation, as of Oct 2, 2026). Per share that is €9.05; our models calculate a fair value of €14.20 per share.
What do the bullish and bearish scenarios say about XSI?
Our models span a range for Sanyo Chemical Industries, Ltd: cautious scenario €11.17, base €14.20, optimistic €17.23 per share (as of Oct 2, 2026, price €9.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of XSI?
Sanyo Chemical Industries, Ltd trades at a price-to-earnings ratio of 9.1 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €14.20 is built from several models across several years.
How solid is the balance sheet of Sanyo Chemical Industries, Ltd (XSI)?
Balance-sheet figures for Sanyo Chemical Industries, Ltd (as of Oct 2, 2026): return on equity 7.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is XSI from its 52-week high?
Sanyo Chemical Industries, Ltd trades at €9.05, about 1% below its 52-week high of €9.10 and 76% above the low of €5.16 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €14.20 is for.
Which stocks are comparable to Sanyo Chemical Industries, Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, 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 Sanyo Chemical Industries, Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price €9.05, calculated fair value €14.20 (+57%), Quality Score 70/100, from 23 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 XSI calculated?
We run Sanyo Chemical Industries, Ltd through 23 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 €14.20, 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. Sanyo Chemical Industries, Ltd currently trades 36 % 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 Sanyo Chemical Industries, Ltd (XSI)?
The closing price on Oct 1, 2026 was €9.05. Our model-based fair value is €14.20, about +57% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sanyo Chemical Industries, Ltd right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (€11.17). The market is more pessimistic than our downside scenario.
Key figures of Sanyo Chemical Industries, Ltd
How large is the market capitalisation of Sanyo Chemical Industries, Ltd (XSI)?
The market capitalisation of Sanyo Chemical Industries, Ltd is €3.1B. 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 Sanyo Chemical Industries, Ltd (XSI)?
The price-to-sales ratio of Sanyo Chemical Industries, Ltd is 1.11 (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 Sanyo Chemical Industries, Ltd (XSI)?
Earnings per share at Sanyo Chemical Industries, Ltd are €3.91 (price ÷ EPS = P/E 9.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sanyo Chemical Industries, Ltd (XSI)?
The dividend yield of Sanyo Chemical Industries, Ltd is 1.9% (payout 4.4%). 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 Sanyo Chemical Industries, Ltd (XSI)?
The net margin of Sanyo Chemical Industries, Ltd is 12.2% (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 Sanyo Chemical Industries, Ltd (XSI)?
The return on equity (ROE) of Sanyo Chemical Industries, Ltd is 7.9% (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 Sanyo Chemical Industries, Ltd (XSI)?
On an EBIT basis the return on assets of Sanyo Chemical Industries, Ltd is 4.4% (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 Sanyo Chemical Industries, Ltd (XSI)?
The operating margin of Sanyo Chemical Industries, Ltd is 13.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sanyo Chemical Industries, Ltd (XSI)?
Revenue at Sanyo Chemical Industries, Ltd is growing +20.9% versus a year earlier (3y avg −9.9%). 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 Sanyo Chemical Industries, Ltd (XSI)?
Earnings per share at Sanyo Chemical Industries, Ltd are growing −48.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sanyo Chemical Industries, Ltd (XSI) generate?
The free cash flow of Sanyo Chemical Industries, Ltd is ¥20.2B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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