2871 Stock Overview
Nichirei Corporation engages in the processed foods, marine products, meat and poultry products, logistics, real estate, and biosciences businesses in Japan.
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥2,370.00|
|52 Week High||JP¥3,080.00|
|52 Week Low||JP¥2,171.00|
|1 Month Change||2.73%|
|3 Month Change||-0.71%|
|1 Year Change||-18.16%|
|3 Year Change||-11.24%|
|5 Year Change||-26.63%|
|Change since IPO||54.90%|
Recent News & Updates
|2871||JP Food||JP Market|
Return vs Industry: 2871 underperformed the JP Food industry which returned 3.9% over the past year.
Return vs Market: 2871 underperformed the JP Market which returned -5.7% over the past year.
|2871 Average Weekly Movement||2.5%|
|Food Industry Average Movement||2.8%|
|Market Average Movement||4.1%|
|10% most volatile stocks in JP Market||8.3%|
|10% least volatile stocks in JP Market||2.2%|
Stable Share Price: 2871 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 2871's weekly volatility (3%) has been stable over the past year.
About the Company
Nichirei Corporation engages in the processed foods, marine products, meat and poultry products, logistics, real estate, and biosciences businesses in Japan. It offers frozen foods, acerola products, packed ice, agricultural processed foods, wellness foods, and retort-pouch foods. The company also provides refrigerated warehouse, transport, delivery, and logistics consulting services, as well as produces and sells ice.
Nichirei Fundamentals Summary
|2871 fundamental statistics|
Is 2871 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2871 income statement (TTM)|
|Cost of Revenue||JP¥500.45b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 02, 2022
|Earnings per share (EPS)||180.58|
|Net Profit Margin||3.88%|
How did 2871 perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is 2871 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
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 2871?
Other financial metrics that can be useful for relative valuation.
|What is 2871's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2871's PE Ratio compare to its peers?
|2871 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
2212 Yamazaki Baking
2810 House Foods Group
Price-To-Earnings vs Peers: 2871 is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (25.3x).
Price to Earnings Ratio vs Industry
How does 2871's PE Ratio compare vs other companies in the JP Food Industry?
Price-To-Earnings vs Industry: 2871 is good value based on its Price-To-Earnings Ratio (13.1x) compared to the JP Food industry average (15.1x)
Price to Earnings Ratio vs Fair Ratio
What is 2871'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||13.1x|
|Fair PE Ratio||16.5x|
Price-To-Earnings vs Fair Ratio: 2871 is good value based on its Price-To-Earnings Ratio (13.1x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).
Share Price vs Fair Value
What is the Fair Price of 2871 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2871 (¥2370) is trading below our estimate of fair value (¥3342.53)
Significantly Below Fair Value: 2871 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 2871 is poor value based on its PEG Ratio (5.1x)
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How is Nichirei forecast to perform in the next 1 to 3 years based on estimates from 6 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: 2871's forecast earnings growth (2.6% per year) is above the savings rate (0.04%).
Earnings vs Market: 2871's earnings (2.6% per year) are forecast to grow slower than the JP market (9% per year).
High Growth Earnings: 2871's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2871's revenue (2.6% per year) is forecast to grow slower than the JP market (4.5% per year).
High Growth Revenue: 2871's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2871's Return on Equity is forecast to be low in 3 years time (9.6%).
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How has Nichirei performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2871 has high quality earnings.
Growing Profit Margin: 2871's current net profit margins (3.9%) are higher than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: 2871's earnings have grown by 4% per year over the past 5 years.
Accelerating Growth: 2871's earnings growth over the past year (10.2%) exceeds its 5-year average (4% per year).
Earnings vs Industry: 2871 earnings growth over the past year (10.2%) exceeded the Food industry 5.9%.
Return on Equity
High ROE: 2871's Return on Equity (11.1%) is considered low.
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How is Nichirei's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2871's short term assets (¥180.3B) exceed its short term liabilities (¥120.8B).
Long Term Liabilities: 2871's short term assets (¥180.3B) exceed its long term liabilities (¥88.9B).
Debt to Equity History and Analysis
Debt Level: 2871's net debt to equity ratio (30.6%) is considered satisfactory.
Reducing Debt: 2871's debt to equity ratio has reduced from 43.2% to 41.4% over the past 5 years.
Debt Coverage: 2871's debt is well covered by operating cash flow (38.4%).
Interest Coverage: 2871 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Nichirei current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2871's dividend (2.19%) is higher than the bottom 25% of dividend payers in the JP market (1.69%).
High Dividend: 2871's dividend (2.19%) is low compared to the top 25% of dividend payers in the JP market (3.7%).
Stability and Growth of Payments
Stable Dividend: 2871's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2871's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.3%), 2871's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (56.3%), 2871's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kenya Okushi (66 yo)
Mr. Kenya Okushi serves as Representative Director and President at Nichirei Corporation since April 2019. Mr. Okushi joined Nichirei in April 1988. Mr. Okushi served as Executive Officer and Director of N...
Experienced Management: 2871's management team is considered experienced (3.3 years average tenure).
Experienced Board: 2871's board of directors are considered experienced (5.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nichirei Corporation's employee growth, exchange listings and data sources
- Name: Nichirei Corporation
- Ticker: 2871
- Exchange: TSE
- Founded: 1942
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: JP¥306.879b
- Shares outstanding: 129.48m
- Website: https://www.nichirei.co.jp
Number of Employees
- Nichirei Corporation
- Nichirei Higashi-Ginza Building
- 6-19-20 Tsukiji
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/05 00:00|
|End of Day Share Price||2022/07/05 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.