First Baking Valuation

Q: What is the Fair Price of 2215 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2215 (¥565) is trading below our estimate of [[fair value]] (¥9741.94)

Is 2215 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2215 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2215 (¥565) is trading below our estimate of fair value (¥9741.94)

Significantly Below Fair Value: 2215 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2215?

Key metric: As 2215 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2215. This is calculated by dividing 2215's market cap by their current earnings.
What is 2215's PE Ratio?
PE Ratio	1.7x
Earnings	JP¥2.35b
Market Cap	JP¥3.93b

2215 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 2215's PE Ratio compare to its peers?

The above table shows the PE ratio for 2215 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	24.5x
2286 Hayashikane SangyoLtd	10.8x	n/a	JP¥4.0b
2058 HigashimaruLtd	50.1x	n/a	JP¥3.9b
2911 Asahimatsu Foods	21x	n/a	JP¥4.3b
2894 Ishii Food	16x	n/a	JP¥5.0b
2215 First Baking	1.7x	n/a	JP¥3.9b

Price-To-Earnings vs Peers: 2215 is good value based on its Price-To-Earnings Ratio (1.7x) compared to the peer average (24.5x).

Price to Earnings Ratio vs Industry

How does 2215's PE Ratio compare vs other companies in the JP Food Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	15.1x	6.8%
2215 First Baking	1.7x	n/a	US$25.41m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap
Industry Avg.	15.1x	6.8%
2215 First Baking	1.7x	n/a	US$25.41m

No more companies

Price-To-Earnings vs Industry: 2215 is good value based on its Price-To-Earnings Ratio (1.7x) compared to the JP Food industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is 2215'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.

2215 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	1.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2215's Price-To-Earnings Fair Ratio for valuation analysis.

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

Itoham Yonekyu Holdings

JP¥214.2b

Engages in the manufacture and sale of processed meat and processed/precooked food products in Japan.

2296

JP¥3,775.00

-0.1%

-4.3%

Kagome

JP¥282.9b

Manufactures, purchases, and sells food products in Japan and internationally.

2811

JP¥3,006.00

1.2%

-5.9%

KENKO MayonnaiseLtd

JP¥35.8b

Engages in the manufacture and sale of salads and delicatessen, mayonnaise, dressings, sauces, and egg products in Japan.

2915

JP¥2,238.00

-0.09%

41.9%