Meiji Holdings Co., Ltd.

TSE:2269 Stock Report

Market Cap: JP¥892.1b

Meiji Holdings Valuation

Is 2269 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 2269 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2269 (¥3293) is trading below our estimate of fair value (¥5608.24)

Significantly Below Fair Value: 2269 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2269?

Key metric: As 2269 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2269. This is calculated by dividing 2269's market cap by their current earnings.
What is 2269's PE Ratio?
PE Ratio18x
EarningsJP¥49.62b
Market CapJP¥892.05b

Price to Earnings Ratio vs Peers

How does 2269's PE Ratio compare to its peers?

The above table shows the PE ratio for 2269 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.8x
2267 Yakult HonshaLtd
17.4x1.3%JP¥909.6b
2875 Toyo Suisan Kaisha
16.2x2.1%JP¥1.0t
2897 Nissin Foods HoldingsLtd
22.4x5.1%JP¥1.1t
2212 Yamazaki Baking
15.1x3.1%JP¥576.6b
2269 Meiji Holdings
18x7.5%JP¥892.1b

Price-To-Earnings vs Peers: 2269 is expensive based on its Price-To-Earnings Ratio (18x) compared to the peer average (17.8x).

Price to Earnings Ratio vs Industry

How does 2269's PE Ratio compare vs other companies in the JP Food Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
2215 First Baking
1.7xn/aUS$25.29m
No more companies available in this PE range
2269 18.0xIndustry Avg. 15.0xNo. of Companies14PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2269 is expensive based on its Price-To-Earnings Ratio (18x) compared to the JP Food industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is 2269'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.

2269 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18x
Fair PE Ratio20.8x

Price-To-Earnings vs Fair Ratio: 2269 is good value based on its Price-To-Earnings Ratio (18x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).

Analyst Price Targets

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

The above table shows the analyst 2269 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥3,293.00
JP¥3,625.00
+10.1%
10.0%JP¥4,400.00JP¥3,100.00n/a8
Nov ’25JP¥3,520.00
JP¥3,625.00
+3.0%
10.0%JP¥4,400.00JP¥3,100.00n/a8
Oct ’25JP¥3,580.00
JP¥3,625.00
+1.3%
10.0%JP¥4,400.00JP¥3,100.00n/a8
Sep ’25JP¥3,626.00
JP¥3,550.00
-2.1%
10.2%JP¥4,400.00JP¥3,100.00n/a8
Aug ’25JP¥3,736.00
JP¥3,562.50
-4.6%
10.1%JP¥4,400.00JP¥3,100.00n/a8
Jul ’25JP¥3,521.00
JP¥3,571.43
+1.4%
11.0%JP¥4,400.00JP¥3,100.00n/a7
Jun ’25JP¥3,517.00
JP¥3,650.00
+3.8%
10.9%JP¥4,400.00JP¥3,100.00n/a8
May ’25JP¥3,550.00
JP¥3,643.75
+2.6%
10.6%JP¥4,350.00JP¥3,100.00n/a8
Apr ’25JP¥3,420.00
JP¥3,656.25
+6.9%
10.9%JP¥4,350.00JP¥3,100.00n/a8
Mar ’25JP¥3,360.00
JP¥3,668.75
+9.2%
9.7%JP¥4,350.00JP¥3,200.00n/a8
Feb ’25JP¥3,607.00
JP¥3,508.33
-2.7%
10.6%JP¥4,350.00JP¥3,000.00n/a9
Jan ’25JP¥3,349.00
JP¥3,541.67
+5.8%
10.6%JP¥4,350.00JP¥3,000.00n/a9
Dec ’24JP¥3,408.00
JP¥3,637.50
+6.7%
10.5%JP¥4,350.00JP¥3,000.00n/a10
Nov ’24JP¥3,782.00
JP¥3,637.50
-3.8%
10.5%JP¥4,350.00JP¥3,000.00JP¥3,520.0010
Oct ’24JP¥3,716.00
JP¥3,609.38
-2.9%
11.6%JP¥4,350.00JP¥3,000.00JP¥3,580.008
Sep ’24JP¥3,705.00
JP¥3,430.56
-7.4%
14.4%JP¥4,350.00JP¥2,900.00JP¥3,626.009
Aug ’24JP¥3,324.00
JP¥3,252.78
-2.1%
12.8%JP¥4,350.00JP¥2,900.00JP¥3,736.009
Jul ’24JP¥3,218.00
JP¥3,275.00
+1.8%
12.4%JP¥4,350.00JP¥2,900.00JP¥3,521.009
Jun ’24JP¥3,170.00
JP¥3,330.56
+5.1%
12.0%JP¥4,350.00JP¥2,900.00JP¥3,517.009
May ’24JP¥3,350.00
JP¥3,347.22
-0.08%
11.5%JP¥4,350.00JP¥3,000.00JP¥3,550.009
Apr ’24JP¥3,155.00
JP¥3,380.56
+7.1%
11.4%JP¥4,350.00JP¥3,000.00JP¥3,420.009
Mar ’24JP¥3,090.00
JP¥3,435.00
+11.2%
10.4%JP¥4,350.00JP¥2,950.00JP¥3,360.0010
Feb ’24JP¥3,375.00
JP¥3,483.33
+3.2%
12.1%JP¥4,550.00JP¥2,950.00JP¥3,607.009
Jan ’24JP¥3,370.00
JP¥3,359.09
-0.3%
14.5%JP¥4,550.00JP¥2,500.00JP¥3,349.0011
Dec ’23JP¥3,290.00
JP¥3,331.82
+1.3%
14.6%JP¥4,550.00JP¥2,500.00JP¥3,408.0011
Nov ’23JP¥3,070.00
JP¥3,277.27
+6.8%
15.0%JP¥4,550.00JP¥2,600.00JP¥3,782.0011

Analyst Forecast: Target price is less than 20% higher than the current share price.

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