Kakiyasu Honten Valuation

Q: What is the Fair Price of 2294 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2294 (¥2755) is trading above our estimate of [[fair value]] (¥2275.74)

Is 2294 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 2294 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2294 (¥2755) is trading above our estimate of fair value (¥2275.74)

Significantly Below Fair Value: 2294 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2294?

Key metric: As 2294 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2294. This is calculated by dividing 2294's market cap by their current earnings.
What is 2294's PE Ratio?
PE Ratio	19.7x
Earnings	JP¥1.34b
Market Cap	JP¥26.45b

2294 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	0.5x
Enterprise Value/EBITDA	7.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 2294's PE Ratio compare to its peers?

The above table shows the PE ratio for 2294 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	13.7x
2922 Natori	17.3x	1.4%	JP¥26.6b
2114 Fuji Nihon	10.6x	n/a	JP¥27.0b
2221 Iwatsuka Confectionery	9.5x	n/a	JP¥27.1b
2820 Yamami	17.4x	22.0%	JP¥25.7b
2294 Kakiyasu Honten	19.7x	n/a	JP¥26.4b

Price-To-Earnings vs Peers: 2294 is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the peer average (13.9x).

Price to Earnings Ratio vs Industry

How does 2294's PE Ratio compare vs other companies in the JP Food Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
2215 First Baking	1.7x	n/a	US$25.41m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 2294 is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the JP Food industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is 2294'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.

2294 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2294'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.

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