Is BASE FOOD (TSE:2936) Using Debt Sensibly?
Jul 18
Japanese (NIKKEI) Food Industry Analysis
UpdatedJul 18, 2024
DataAggregated Company Financials
Companies124
- 7D1.0%
- 3M3.5%
- 1Y13.0%
- YTD6.1%
In the last week, the Food industry is up 1.7%, with Calbee leading the way with a 5.8% gain. In the last 12 months, the industry was up 14%. Looking forward, earnings are forecast to grow by 5.1% annually.
Industry Valuation and Performance
Has the Japanese Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Jul 2024 | JP¥18.5t | JP¥23.2t | JP¥980.9b | 16x | 18.9x | 0.8x |
| Sat, 15 Jun 2024 | JP¥17.9t | JP¥23.2t | JP¥973.7b | 16.1x | 18.4x | 0.8x |
| Mon, 13 May 2024 | JP¥18.7t | JP¥23.1t | JP¥974.6b | 16.4x | 19.2x | 0.8x |
| Wed, 10 Apr 2024 | JP¥18.4t | JP¥22.9t | JP¥965.6b | 17.1x | 19x | 0.8x |
| Fri, 08 Mar 2024 | JP¥18.2t | JP¥22.9t | JP¥960.5b | 17.9x | 19x | 0.8x |
| Sun, 04 Feb 2024 | JP¥18.4t | JP¥22.8t | JP¥911.1b | 18.2x | 20.2x | 0.8x |
| Tue, 02 Jan 2024 | JP¥17.4t | JP¥22.7t | JP¥901.6b | 17.6x | 19.3x | 0.8x |
| Thu, 30 Nov 2023 | JP¥17.7t | JP¥22.7t | JP¥901.4b | 17.7x | 19.6x | 0.8x |
| Sat, 28 Oct 2023 | JP¥17.2t | JP¥22.5t | JP¥802.3b | 20.1x | 21.4x | 0.8x |
| Mon, 25 Sep 2023 | JP¥17.3t | JP¥22.4t | JP¥793.3b | 20.8x | 21.8x | 0.8x |
| Wed, 23 Aug 2023 | JP¥17.0t | JP¥22.4t | JP¥790.6b | 19x | 21.5x | 0.8x |
| Fri, 21 Jul 2023 | JP¥16.5t | JP¥22.1t | JP¥691.4b | 20.6x | 23.8x | 0.7x |
| Sun, 18 Jun 2023 | JP¥16.9t | JP¥22.0t | JP¥695.3b | 20.2x | 24.3x | 0.8x |
| Tue, 16 May 2023 | JP¥16.5t | JP¥21.8t | JP¥671.1b | 19.7x | 24.5x | 0.8x |
| Thu, 13 Apr 2023 | JP¥15.4t | JP¥21.4t | JP¥678.2b | 17.8x | 22.8x | 0.7x |
| Sat, 11 Mar 2023 | JP¥15.2t | JP¥21.4t | JP¥681.2b | 18x | 22.3x | 0.7x |
| Mon, 06 Feb 2023 | JP¥14.5t | JP¥21.1t | JP¥696.7b | 17.9x | 20.8x | 0.7x |
| Wed, 04 Jan 2023 | JP¥14.7t | JP¥20.8t | JP¥701.9b | 18.1x | 20.9x | 0.7x |
| Fri, 02 Dec 2022 | JP¥15.1t | JP¥20.8t | JP¥700.9b | 18.4x | 21.5x | 0.7x |
| Sun, 30 Oct 2022 | JP¥14.5t | JP¥20.3t | JP¥738.1b | 16x | 19.6x | 0.7x |
| Tue, 27 Sep 2022 | JP¥14.5t | JP¥20.2t | JP¥789.2b | 16.2x | 18.4x | 0.7x |
| Thu, 25 Aug 2022 | JP¥14.9t | JP¥20.2t | JP¥790.5b | 16.2x | 18.8x | 0.7x |
| Sat, 23 Jul 2022 | JP¥14.6t | JP¥19.8t | JP¥811.9b | 15.2x | 18x | 0.7x |
| Mon, 20 Jun 2022 | JP¥13.5t | JP¥19.8t | JP¥809.3b | 14.9x | 16.7x | 0.7x |
| Wed, 18 May 2022 | JP¥13.6t | JP¥19.8t | JP¥805.6b | 15x | 16.8x | 0.7x |
| Fri, 15 Apr 2022 | JP¥14.0t | JP¥19.7t | JP¥780.3b | 14.1x | 18x | 0.7x |
| Sun, 13 Mar 2022 | JP¥13.9t | JP¥19.7t | JP¥779.2b | 14.4x | 17.8x | 0.7x |
| Tue, 08 Feb 2022 | JP¥14.1t | JP¥19.8t | JP¥782.9b | 15.4x | 18x | 0.7x |
| Thu, 06 Jan 2022 | JP¥14.7t | JP¥19.6t | JP¥771.9b | 15.5x | 19x | 0.7x |
| Sat, 04 Dec 2021 | JP¥14.1t | JP¥19.6t | JP¥771.1b | 14.3x | 18.2x | 0.7x |
| Mon, 01 Nov 2021 | JP¥15.0t | JP¥19.6t | JP¥725.8b | 16.2x | 20.6x | 0.8x |
| Wed, 29 Sep 2021 | JP¥15.2t | JP¥19.6t | JP¥725.1b | 17.3x | 21x | 0.8x |
| Fri, 27 Aug 2021 | JP¥14.6t | JP¥19.9t | JP¥733.2b | 16.5x | 20x | 0.7x |
Price to Earnings Ratio
19.3x
Current Industry PE
- Investors are relatively neutral on the Japanese Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 20.0x.
- The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 10% per year over the last three years.
- Revenues for these companies have grown 5.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Japanese Consumer Staples industry?
| JP Market | 0.26% | |
| Consumer Staples | -0.30% | |
| Food | 1.05% | |
| Agricultural Products | 1.64% | |
| Packaged Foods and Meats | 1.04% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 20.0x.
- Analysts are expecting annual earnings growth of 5.4%, which is lower than the prior year's growth of 36.1% per year.
- Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 20.5x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 5.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 36% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings decline by 26% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2229 Calbee | JP¥3.21k | 5.8% +JP¥22.1b | 16.9% | PE20.2x | |
| 2809 Kewpie | JP¥3.79k | 4.2% +JP¥21.0b | 59.1% | PE25.2x | |
| 2212 Yamazaki Baking | JP¥3.36k | 3.0% +JP¥20.1b | 61.5% | PE19.1x | |
| 2269 Meiji Holdings | JP¥3.66k | 1.8% +JP¥17.7b | 9.7% | PE19.9x | |
| 2802 Ajinomoto | JP¥6.06k | 0.5% +JP¥15.2b | 8.0% | PE35.3x |
