Heiwa Paper Co (TSE:9929) EV-to-FCF: (As of Sep. 05, 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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TSE:9929 Heiwa Paper Co Ltd TSE:9929
70 GF Score
Price 円479.00
GF Value 円437.67
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Heiwa Paper Co EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Heiwa Paper Co's Enterprise Value is 円3,983 Mil. Heiwa Paper Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円0 Mil. Therefore, Heiwa Paper Co's EV-to-FCF for today is .

The historical rank and industry rank for Heiwa Paper Co's EV-to-FCF or its related term are showing as below:

TSE:9929' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 7.84
Current: 7.84

During the past 13 years, the highest EV-to-FCF of Heiwa Paper Co was 7.84. The lowest was 0.00. And the median was 0.00.

TSE:9929's EV-to-FCF is ranked better than
78.91% of 147 companies
in the Forest Products industry
Industry Median: 15.3 vs TSE:9929: 7.84

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-09-05), Heiwa Paper Co's stock price is 円479.00. Heiwa Paper Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円11.840. Therefore, Heiwa Paper Co's PE Ratio (TTM) for today is 40.46.


Heiwa Paper Co  (TSE:9929) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Heiwa Paper Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=479.00/11.840
=40.46

Heiwa Paper Co's share price for today is 円479.00.
Heiwa Paper Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円11.840.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Heiwa Paper Co EV-to-FCF Related Terms


Heiwa Paper Co EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Heiwa Paper Co's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heiwa Paper Co EV-to-FCF Chart

Heiwa Paper Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.72 -2.77 50.12 -15.03 7.50

Heiwa Paper Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 7.50 0.00

Heiwa Paper Co EV-to-FCF Competitor Comparison

For the Paper & Paper Products subindustry, Heiwa Paper Co's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Heiwa Paper Co EV-to-FCF vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Heiwa Paper Co's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Heiwa Paper Co's EV-to-FCF falls into.


TSE:9929
70GF Score
Heiwa Paper Co Ltd TSE:9929
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heiwa Paper Co EV-to-FCF Calculation

Heiwa Paper Co's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3983.325/0
=

Heiwa Paper Co's current Enterprise Value is 円3,983 Mil.
Heiwa Paper Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Heiwa Paper Co (TSE:9929) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa Paper Co stock appears to be overvalued. The current stock price of 円479.00 is trading 9.4% above its estimated GF Value™ of 円437.67. GuruFocus considers Heiwa Paper Co to be Fairly Valued.

Key valuation signals for TSE:9929:

  • EV-to-FCF:
  • GF Value™: 円437.67 vs. price of 円479.00 (9.4% above fair value)
  • GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the TSE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heiwa Paper Co Business Description

Address 1-22-11, Shinkawa Chuo-ku, Tokyo, JPN, 104-0033
Heiwa Paper Co Ltd develops, sells, exports and imports specialty papers, high-grade papers, industrial papers, and other paper materials. It also develops and commercializes new paper products. The company's product profile includes Exo Raxa, TANT, Deep Mat, Gokanshi, Cotton Life S, Satogami, Bunpel, SS-Soft, Mandala, Snow Petal, Kishu Rainbow, and others.
70GF Score

Get the complete analysis for TSE:9929

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円479.00
Price
円437.67
GF Value