2296 Stock Overview
Itoham Yonekyu Holdings Inc. engages in the manufacture and sale of processed meat and processed/precooked food products in Japan.
Itoham Yonekyu Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥666.00|
|52 Week High||JP¥735.00|
|52 Week Low||JP¥628.00|
|1 Month Change||-0.30%|
|3 Month Change||-3.34%|
|1 Year Change||-7.37%|
|3 Year Change||-0.89%|
|5 Year Change||-35.84%|
|Change since IPO||-9.88%|
Recent News & Updates
|2296||JP Food||JP Market|
Return vs Industry: 2296 underperformed the JP Food industry which returned 0.9% over the past year.
Return vs Market: 2296 matched the JP Market which returned -8.2% over the past year.
|2296 Average Weekly Movement||1.7%|
|Food Industry Average Movement||2.3%|
|Market Average Movement||3.5%|
|10% most volatile stocks in JP Market||7.4%|
|10% least volatile stocks in JP Market||1.8%|
Stable Share Price: 2296 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2296's weekly volatility (2%) has been stable over the past year.
About the Company
Itoham Yonekyu Holdings Inc. engages in the manufacture and sale of processed meat and processed/precooked food products in Japan. It offers ham/sausage, pizza/snacks, noodles, and cheese products. The company was founded in 1928 and is headquartered in Tokyo, Japan.
Itoham Yonekyu Holdings Fundamentals Summary
|2296 fundamental statistics|
Is 2296 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2296 income statement (TTM)|
|Cost of Revenue||JP¥732.97b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 08, 2022
|Earnings per share (EPS)||63.39|
|Net Profit Margin||2.12%|
How did 2296 perform over the long term?See historical performance and comparison
3.6%Current Dividend Yield
Is 2296 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2296?
Other financial metrics that can be useful for relative valuation.
|What is 2296's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2296's PE Ratio compare to its peers?
|2296 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
1332 Nippon Suisan Kaisha
2264 Morinaga Milk Industry
2206 Ezaki Glico
2296 Itoham Yonekyu Holdings
Price-To-Earnings vs Peers: 2296 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (11.6x).
Price to Earnings Ratio vs Industry
How does 2296's PE Ratio compare vs other companies in the JP Food Industry?
Price-To-Earnings vs Industry: 2296 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the JP Food industry average (16.4x)
Price to Earnings Ratio vs Fair Ratio
What is 2296'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.
|Current PE Ratio||10.5x|
|Fair PE Ratio||15.4x|
Price-To-Earnings vs Fair Ratio: 2296 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).
Share Price vs Fair Value
What is the Fair Price of 2296 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2296 (¥666) is trading above our estimate of fair value (¥447.5)
Significantly Below Fair Value: 2296 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: Target price is less than 20% higher than the current share price.
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How is Itoham Yonekyu Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2296's forecast earnings growth (2.2% per year) is above the savings rate (0.04%).
Earnings vs Market: 2296's earnings (2.2% per year) are forecast to grow slower than the JP market (8.6% per year).
High Growth Earnings: 2296's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2296's revenue (1.1% per year) is forecast to grow slower than the JP market (4.2% per year).
High Growth Revenue: 2296's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2296's Return on Equity is forecast to be low in 3 years time (6.1%).
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How has Itoham Yonekyu Holdings performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2296 has high quality earnings.
Growing Profit Margin: 2296's current net profit margins (2.1%) are lower than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: 2296's earnings have grown by 7.6% per year over the past 5 years.
Accelerating Growth: 2296's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2296 had negative earnings growth (-18.3%) over the past year, making it difficult to compare to the Food industry average (-0.8%).
Return on Equity
High ROE: 2296's Return on Equity (7%) is considered low.
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How is Itoham Yonekyu Holdings's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2296's short term assets (¥261.5B) exceed its short term liabilities (¥145.0B).
Long Term Liabilities: 2296's short term assets (¥261.5B) exceed its long term liabilities (¥25.4B).
Debt to Equity History and Analysis
Debt Level: 2296's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: 2296's debt to equity ratio has reduced from 20.3% to 14.3% over the past 5 years.
Debt Coverage: 2296's debt is well covered by operating cash flow (49.1%).
Interest Coverage: 2296 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Itoham Yonekyu Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Itoham Yonekyu Holdings Dividend Yield vs Market|
|Company (Itoham Yonekyu Holdings)||3.6%|
|Market Bottom 25% (JP)||1.7%|
|Market Top 25% (JP)||3.8%|
|Industry Average (Food)||1.7%|
|Analyst forecast in 3 Years (Itoham Yonekyu Holdings)||3.6%|
Notable Dividend: 2296's dividend (3.6%) is higher than the bottom 25% of dividend payers in the JP market (1.67%).
High Dividend: 2296's dividend (3.6%) is low compared to the top 25% of dividend payers in the JP market (3.76%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 2296 has been paying a dividend for less than 10 years.
Growing Dividend: 2296's dividend payments have increased, but the company has only paid a dividend for 6 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.7%), 2296's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (95.8%), 2296's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Isao Miyashita (54 yo)
Mr. Isao Miyashita serves as the President at Itoham Yonekyu Holdings Inc. and serves as it's Chief Executive Officer since 2021. Mr. Miyashita has been the President of Yoshinoya Co., Ltd. since February...
Experienced Management: 2296's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: 2296's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Itoham Yonekyu Holdings Inc.'s employee growth, exchange listings and data sources
- Name: Itoham Yonekyu Holdings Inc.
- Ticker: 2296
- Exchange: TSE
- Founded: 1928
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: JP¥192.674b
- Shares outstanding: 289.30m
- Website: https://www.itoham-yonekyu-holdings.com
Number of Employees
- Itoham Yonekyu Holdings Inc.
- Alt Ito Building
- 1-6-21 Mita
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2296||TSE (The Tokyo Stock Exchange)||Yes||Common Shares||JP||JPY||Apr 2016|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/01 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.