WEBULL

Kamigumi (TSE:9364) Valuation Check as Board Weighs Potential Change in Representative Director

Simply Wall St · 1d ago

Kamigumi (TSE:9364) has called a board meeting for December 12, 2025, to consider a change in its Representative Director. This potential leadership shift could subtly reshape strategy and capital allocation priorities.

See our latest analysis for Kamigumi.

The leadership discussion comes after a strong run, with Kamigumi’s share price up sharply this year and a robust multi year total shareholder return suggesting positive momentum rather than a short lived spike.

If this kind of leadership driven story has you rethinking your portfolio, it might be a good moment to explore fast growing stocks with high insider ownership for other potential opportunities.

Kamigumi’s share price already sits slightly above consensus targets, and its strong multi year returns hint at high expectations. Is there still a mispriced upside here, or is the market already banking on further growth?

Price to Earnings of 17.8x: Is it justified?

Kamigumi’s shares last closed at ¥5,078, and the stock is trading on a price to earnings ratio of 17.8x, a clear premium to peers and our estimated fair level.

The price to earnings ratio compares the current share price with the company’s earnings. It is a straightforward way to see how much investors are willing to pay for each unit of profit. For a logistics and infrastructure focused business like Kamigumi, this multiple reflects expectations about the durability of earnings and the pace of future growth rather than short term market swings.

Kamigumi’s 17.8x price to earnings stands noticeably higher than both its estimated fair price to earnings ratio of 13.6x and the peer average of 10x. This implies that investors are paying up for its track record of high quality earnings and consistent profit growth. That premium sits alongside our DCF estimate of fair value at ¥4,685.15, below the current price, underlining how far sentiment has moved ahead of modeled cash flows.

Compared with the wider Asian infrastructure industry average price to earnings of 13.7x, Kamigumi’s 17.8x multiple looks even richer. This signals that the market is assigning it a distinctly above average status within the sector.

Explore the SWS fair ratio for Kamigumi

Result: Price to Earnings of 17.8x (OVERVALUED)

However, any stumble in earnings growth or a sharper re rating of logistics peers could quickly expose how stretched Kamigumi’s current valuation has become.

Find out about the key risks to this Kamigumi narrative.

Another View Using Our DCF Model

Our DCF model also points to Kamigumi looking stretched, with a fair value estimate of ¥4,685.15 versus the current ¥5,078, implying around 8% downside. If both earnings multiples and cash flows suggest limited upside, what exactly is the market paying a premium for?

Look into how the SWS DCF model arrives at its fair value.

9364 Discounted Cash Flow as at Dec 2025
9364 Discounted Cash Flow as at Dec 2025

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Kamigumi for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 903 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Build Your Own Kamigumi Narrative

If you see the story differently or would rather rely on your own analysis, you can build a customized view in just a few minutes: Do it your way.

A great starting point for your Kamigumi research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

Ready for more investment ideas?

Once you have weighed up Kamigumi, do not stop there. Use the Simply Wall Street Screener to uncover fresh, data backed ideas that others may be overlooking.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.