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Fast Retailing Co (6288) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$1.3T

FR Fast Retailing Co 6288 · HK
PriceHK$37.82
Fair ValueHK$15.21
Upside-59.8%
Quality75/100
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Healthy Growth
Solidly profitable · 13.1% net margin
Low debt · generates free cash flow
0.79% dividend yield
Mixed vs. peers (7/12)
Wide moat 66/100
Evidence: High Range HK$11.24 – HK$19.02 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from HK$15.37 to HK$15.21 (−1.0%) since Aug 6, 2026. Share price −4.3% over the past month.

A strong business, but screening 60% overvalued on our models.

What matters now

  • A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (HK$19.02). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

HK$42.54 HK$11.00 Fair Value HK$15.21 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$11.00 – HK$42.54 · fair‑value band HK$11.24 – HK$19.02 · the HK$37.82 price screens above the HK$15.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Fast Retailing Co (6288) currently trades at HK$37.82, while our model-based Fair Value estimate is HK$15.21, implying the stock looks roughly 59.8% overvalued today. The Quality Score stands at 75/100 (high quality), in the Consumer Cyclical 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, Fast Retailing Co generated revenue of HK$3.7T at a net margin of 13.1%. Revenue grew 14.8% year over year. It earns a return on equity of 20.6%. The balance sheet holds a net cash position of HK$239B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$11.24 (bear case) to HK$19.02 (bull case); at HK$37.82, 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 9% below its 52-week high and 66% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -60%, 6288 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.

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. Evidence
Highest evidence
Growth DCF HK$217.66 HK$365.75 HK$628.55 80
Residual Income HK$96.33 HK$126.58 HK$498.02 76
Rev-Margin DCF HK$147.85 HK$222.98 HK$318.47 74
All 26 models by family
DCF Models
FCF DCF HK$217.56 HK$373.38 HK$650.69 38
Owner Earnings HK$247.42 HK$427.36 HK$747.58 31
5Y Revenue Exit HK$147.85 HK$223.10 HK$321.81 39
5Y EBITDA Exit HK$229.55 HK$388.64 HK$585.91 41
5Y P/E Exit HK$231.98 HK$393.57 HK$575.85 38
10Y Revenue Exit HK$165.97 HK$245.30 HK$360.15 36
10Y EBITDA Exit HK$224.25 HK$368.20 HK$582.61 37
10Y P/E Exit HK$225.89 HK$371.85 HK$574.14 35
Earnings-Based
Graham-Dodd HK$95.96 HK$418.09 HK$571.87 54
Lynch FV HK$107.67 HK$153.82 HK$199.97 50
PEG = 1.0 HK$107.67 HK$153.82 HK$199.97 46
EPV HK$146.06 HK$167.51 HK$186.57 59
Dividend Discount
Gordon GGM HK$44.71 HK$97.62 HK$164.24 70
DDM Multi-Stage HK$44.71 HK$79.96 HK$101.73 61
Multiples
P/E Multiple HK$232.85 HK$310.46 HK$388.08 63
P/S Multiple HK$99.74 HK$132.99 HK$166.24 58
P/B Multiple HK$179.93 HK$239.90 HK$299.88 55
EV/EBIT HK$272.81 HK$355.57 HK$438.32 53
EV/EBITDA HK$253.56 HK$329.89 HK$406.23 54
EV/Revenue HK$117.65 HK$157.54 HK$197.44 43
Asset-Based
NCAV (Graham) HK$37.04 HK$49.63 HK$74.08 50
Growth DCF
Growth DCF HK$217.66 HK$365.75 HK$628.55 80
Rev-Margin DCF HK$147.85 HK$222.98 HK$318.47 74
Economic Profit
Residual Income HK$96.33 HK$126.58 HK$498.02 76
ROIC Compounder HK$162.05 HK$209.20 HK$269.86 72
Growth Earnings
Growth-Adj P/E HK$183.40 HK$262.01 HK$340.61 68

Widest divergence: DCF Models (HK$371.85) versus Asset-Based (HK$49.63). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$3.7T
Revenue growth (YoY) +14.8%
Net margin 13.1%
Return on equity 20.6%
Free cash flow HK$445B FY2025
P/E ratio 54.6 as of Jul 2, 2026
More key figures
Operating margin 17.7%
EPS (TTM) HK$0.3936
Dividend yield 0.8%
EPS growth (YoY) +29.8%
Net cash HK$239B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 74 · Market factors (momentum, volatility) 77

Profitability 69
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fast Retailing Co., Ltd. operates as an apparel designer and retailer in Japan and internationally. The company operates through UNIQLO Japan, UNIQLO International, GU, and Global Brands segments. It manufactures and retails clothing for men, women, children, and babies.

Full company description

Fast Retailing Co., Ltd. operates as an apparel designer and retailer in Japan and internationally. The company operates through UNIQLO Japan, UNIQLO International, GU, and Global Brands segments. It manufactures and retails clothing for men, women, children, and babies. The company operates stores and franchises under the UNIQLO, GU, PLST, Theory, COMPTOIR DES COTONNIERS, J Brand, and PRINCESSE TAM.TAM brand names. It sells its products through online; and provides real estate leasing services. The company was formerly known as Ogori Shoji Co., Ltd. and changed its name to Fast Retailing Co., Ltd. in September 1991. The company was founded in 1949 and is headquartered in Yamaguchi, Japan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fast Retailing Co reported revenue of HK$3.4T in FY2025 versus HK$2.1T in FY2021, a compound +12.4%/yr. Reported net income was HK$433B in FY2025, compounding +26.4%/yr from FY2021.

Growth Quality 93/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$3.4T
Latest YoY
+9.6%
Avg. growth/yr (3Y) 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.
+13.9%
Avg. growth/yr (5Y) 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.
+11.1%
Avg. growth/yr (25Y) 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.
+11.4%
Revenue +12.4%/yr
FY21 HK$2.1T
FY22 HK$2.3T
FY23 HK$2.8T
FY24 HK$3.1T
FY25 HK$3.4T
Net income +26.4%/yr
FY21 HK$170B
FY22 HK$273B
FY23 HK$296B
FY24 HK$372B
FY25 HK$433B
Character of growth · EPS growth decomposed (2014-2025) +24.2 % p.a.
Revenue per share +12.3 pp

of which total revenue +7.5 pp · buybacks/dilution +4.8 pp

EBIT margin +6.7 pp
Tax rate +1.7 pp
Residual (interest, one-offs) +3.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

6288 screens 60% overvalued. Compare with Industria de Diseño Textil, S.A →

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Cite: Fair Value Calculator (2026). "Fast Retailing Co Fair Value". https://www.fairvalue-calculator.com/stock/6288

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Apparel Retail · 109 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.

Quality Score 75 · Top 25%
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 15% · Top 25%
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Apparel Retail median · lower = cheaper

P/E (TTM) 54.6× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than 75% of peers
PEG 3.09× · Pricier than 75% of peers

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.

VALUE 0 · sector 33
FUTURE 74 · sector 20
PAST 82 · sector 37
HEALTH 97 · sector 100
DIVIDEND 16 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A ITX 246.10 PLN 189.40 PLN -23%
The TJX Companies, Inc TJX $152.61 $84.95 -44%
Ross Stores, Inc ROST $248.25 $118.41 -52%
Burlington Stores, Inc BURL $353.63 $143.65 -59%
Trent Limited TRENT ₹2,990 ₹709.49 -76%
lululemon athletica inc., LULU $120.87 $299.63 +148%
Aritzia Inc ATZ C$140.07 C$70.30 -50%
The Gap, Inc GAP $20.96 $36.44 +74%
Urban Outfitters, Inc URBN $79.43 $92.88 +17%
Metro Brands Limited METROBRAND ₹943.80 ₹311.41 -67%

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Frequently asked questions

Is Fast Retailing Co (6288) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$15.21 versus a price of HK$37.82, about −60% (overvalued).
What is the fair value of 6288?
Our model-based fair value for Fast Retailing Co is HK$15.21 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$37.82.
What is the quality score of 6288?
Fast Retailing Co has a Quality Score of 75/100. 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 revenue of Fast Retailing Co (6288)?
Fast Retailing Co reported trailing-twelve-month revenue of about HK$3.7T (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6288?
The net profit margin of Fast Retailing Co is about 13.1%, meaning it keeps roughly 13.1% of revenue as net income. Based on the latest reported figures.
Does Fast Retailing Co pay a dividend?
Fast Retailing Co currently shows a dividend yield of about 0.79% relative to its recent price (as of Aug 13, 2026).

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.

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