company background image
2109

Mitsui DM Sugar HoldingsLtd TSE:2109 Stock Report

Last Price

JP¥1.87k

Market Cap

JP¥60.5b

7D

-1.0%

1Y

-7.3%

Updated

26 Sep, 2022

Data

Company Financials
2109 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends3/6

2109 Stock Overview

Mitsui DM Sugar Holdings Co.,Ltd. manufactures and sells refined sugar, sugar products, and food ingredients in Japan.

Mitsui DM Sugar HoldingsLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mitsui DM Sugar HoldingsLtd
Historical stock prices
Current Share PriceJP¥1,874.00
52 Week HighJP¥2,086.00
52 Week LowJP¥1,848.00
Beta0.27
1 Month Change-0.32%
3 Month Change-0.85%
1 Year Change-7.27%
3 Year Change-18.87%
5 Year Change-50.88%
Change since IPO-47.21%

Recent News & Updates

Shareholder Returns

2109JP FoodJP Market
7D-1.0%-0.4%-1.1%
1Y-7.3%-4.6%-9.1%

Return vs Industry: 2109 underperformed the JP Food industry which returned -4.6% over the past year.

Return vs Market: 2109 exceeded the JP Market which returned -9.1% over the past year.

Price Volatility

Is 2109's price volatile compared to industry and market?
2109 volatility
2109 Average Weekly Movement1.3%
Food Industry Average Movement2.3%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.4%
10% least volatile stocks in JP Market1.8%

Stable Share Price: 2109 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 2109's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19471,482Taku Morimotohttps://www.mitsui-sugar.co.jp

Mitsui DM Sugar Holdings Co.,Ltd. manufactures and sells refined sugar, sugar products, and food ingredients in Japan. The company offers home and business use products, such as white soft sugar, brown soft sugar, granulated sugar, white crystal sugar, light brown crystal sugar, brown sugar, black sugar, rock sugar, and liquid sugar under the SPOON brand, as well as Okinawa brown sugar and Kansho Kuromitsu.

Mitsui DM Sugar HoldingsLtd Fundamentals Summary

How do Mitsui DM Sugar HoldingsLtd's earnings and revenue compare to its market cap?
2109 fundamental statistics
Market CapJP¥60.47b
Earnings (TTM)JP¥3.39b
Revenue (TTM)JP¥149.35b

17.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2109 income statement (TTM)
RevenueJP¥149.35b
Cost of RevenueJP¥122.58b
Gross ProfitJP¥26.78b
Other ExpensesJP¥23.39b
EarningsJP¥3.39b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 10, 2022

Earnings per share (EPS)104.99
Gross Margin17.93%
Net Profit Margin2.27%
Debt/Equity Ratio34.8%

How did 2109 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

57%

Payout Ratio

Does 2109 pay a reliable dividends?

See 2109 dividend history and benchmarks
When do you need to buy 2109 by to receive an upcoming dividend?
Mitsui DM Sugar HoldingsLtd dividend dates
Ex Dividend DateSep 29 2022
Dividend Pay DateDec 05 2022
Days until Ex dividend2 days
Days until Dividend pay date69 days

Does 2109 pay a reliable dividends?

See 2109 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 2109 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2109?

Other financial metrics that can be useful for relative valuation.

2109 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2109's PE Ratio compare to its peers?

2109 PE Ratio vs Peers
The above table shows the PE ratio for 2109 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.7x
2211 Fujiya
16.2xn/aJP¥62.1b
2613 J-Oil Mills
29.8x32.7%JP¥50.5b
4526 Riken Vitamin
7.2xn/aJP¥55.7b
2004 Showa Sangyo
17.7x3.5%JP¥81.8b
2109 Mitsui DM Sugar HoldingsLtd
17.8xn/aJP¥60.5b

Price-To-Earnings vs Peers: 2109 is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (17.7x).


Price to Earnings Ratio vs Industry

How does 2109's PE Ratio compare vs other companies in the JP Food Industry?

Price-To-Earnings vs Industry: 2109 is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the JP Food industry average (16.4x)


Price to Earnings Ratio vs Fair Ratio

What is 2109's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2109 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2109's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2109 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2109 (¥1874) is trading above our estimate of fair value (¥1518.22)

Significantly Below Fair Value: 2109 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is Mitsui DM Sugar HoldingsLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.7%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mitsui DM Sugar HoldingsLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Mitsui DM Sugar HoldingsLtd performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-31.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2109 has a large one-off gain of ¥2.3B impacting its June 30 2022 financial results.

Growing Profit Margin: 2109's current net profit margins (2.3%) are lower than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: 2109's earnings have declined by 31% per year over the past 5 years.

Accelerating Growth: 2109's earnings growth over the past year (1.4%) exceeds its 5-year average (-31% per year).

Earnings vs Industry: 2109 earnings growth over the past year (1.4%) exceeded the Food industry -0.8%.


Return on Equity

High ROE: 2109's Return on Equity (3%) is considered low.


Discover strong past performing companies

Financial Health

How is Mitsui DM Sugar HoldingsLtd's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2109's short term assets (¥97.7B) exceed its short term liabilities (¥38.5B).

Long Term Liabilities: 2109's short term assets (¥97.7B) exceed its long term liabilities (¥49.3B).


Debt to Equity History and Analysis

Debt Level: 2109 has more cash than its total debt.

Reducing Debt: 2109's debt to equity ratio has increased from 17.8% to 34.8% over the past 5 years.

Debt Coverage: 2109's debt is not well covered by operating cash flow (16.5%).

Interest Coverage: 2109's interest payments on its debt are well covered by EBIT (65.7x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Mitsui DM Sugar HoldingsLtd current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.20%

Current Dividend Yield

Upcoming Dividend Payment

TodaySep 26 2022Ex Dividend DateSep 29 2022Dividend Pay DateDec 05 202267 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 2109's dividend (3.2%) is higher than the bottom 25% of dividend payers in the JP market (1.65%).

High Dividend: 2109's dividend (3.2%) is low compared to the top 25% of dividend payers in the JP market (3.67%).


Stability and Growth of Payments

Stable Dividend: 2109's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2109's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (57.3%), 2109's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 2109 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Taku Morimoto (65 yo)

1.83yrs

Tenure

Mr. Taku Morimoto is President and CEO at Mitsui DM Sugar Holdings Co.,Ltd. (formerly known as Mitsui Sugar Co., Ltd.) since November 2020. Mr. Taku Morimoto serves as Chairman of the Board at Mitsui DM Su...


Leadership Team

Experienced Management: 2109's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: 2109's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 2109?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders14,5600.05%
State or Government323,2001.0%
Institutions3,986,70312.4%
General Public10,964,01534.0%
Public Companies16,981,29252.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 65.78% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
26.68%
Mitsui & Co., Ltd.
8,609,070¥16.1b0%no data
20.11%
Mitsubishi Corporation
6,487,990¥12.2b0%no data
3.1%
Toyota Tsusho Corporation
1,000,000¥1.9b0%no data
1.96%
Sojitz Corporation
634,000¥1.2b0%no data
1.67%
Nomura Asset Management Co., Ltd.
539,100¥1.0b-0.39%no data
1.56%
The Vanguard Group, Inc.
502,553¥941.8m5.48%no data
1.52%
Dimensional Fund Advisors LP
491,570¥921.2m3.05%no data
1.51%
Sumitomo Mitsui Financial Group Inc., Asset Management Arm
486,064¥910.9m0%0.02%
1.06%
FMR LLC
341,019¥639.1m0%no data
1%
Norway
323,200¥605.7m0%no data
1%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
322,000¥603.4m0%no data
0.78%
Nippon Beet Sugar Manufacturing Co.,Ltd.
250,232¥468.9m0%no data
0.77%
BlackRock, Inc.
248,804¥466.3m0.16%no data
0.77%
Daiwa Asset Management Co. Ltd.
247,300¥463.4m0.08%no data
0.76%
Nikko Asset Management Co., Ltd.
246,600¥462.1m-1.16%no data
0.56%
Norges Bank Investment Management
180,352¥338.0m0%no data
0.37%
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.
118,500¥222.1m0.59%no data
0.098%
State Street Global Advisors, Inc.
31,500¥59.0m0.64%no data
0.089%
Charles Schwab Investment Management, Inc.
28,673¥53.7m1.92%no data
0.089%
Segall Bryant & Hamill, LLC
28,618¥53.6m33%no data
0.087%
AXA Investment Managers S.A.
28,200¥52.8m0%no data
0.081%
Asset Management One Co., Ltd.
26,000¥48.7m7.44%no data
0.075%
Grantham Mayo Van Otterloo & Co. LLC
24,100¥45.2m0%no data
0.067%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
21,600¥40.5m56.52%no data
0.03%
Mercer Global Investments Europe Limited
9,700¥18.2m0%no data

Company Information

Mitsui DM Sugar Holdings Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Mitsui DM Sugar Holdings Co.,Ltd.
  • Ticker: 2109
  • Exchange: TSE
  • Founded: 1947
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: JP¥60.474b
  • Shares outstanding: 32.27m
  • Website: https://www.mitsui-sugar.co.jp

Number of Employees


Location

  • Mitsui DM Sugar Holdings Co.,Ltd.
  • 36-2, Nihonbashi-Hakozakicho
  • Chuo-ku
  • Tokyo
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2109TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.