Bourbon Corporation (2208) AI Stock Analysis

• Market Cap: ¥59.82B
• Dividend Yield: 1.55%
• Average Volume (3M): 10.35K
• Price to Earnings (P/E): 12.0
• Beta (1Y): 0.19
• Revenue Growth: 5.78%
• EPS Growth: 14.23%
• Country: JP
• Employees: 4,211
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Confectioners
• EPS (TTM): 4.77
• Shares Outstanding: 27,700,000
• 10 Day Avg. Volume: 8,730
• 30 Day Avg. Volume: 10,350
• PEG Ratio: 0.14
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.54
• P/FCF Ratio: -207.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥2,785.00 ▲(11.85% Upside)

Bourbon Corporation's strong financial performance, particularly in revenue growth and balance sheet strength, is a key positive factor. The valuation is attractive with a reasonable P/E ratio and a decent dividend yield. However, technical indicators suggest mixed momentum, with short-term bullishness but potential overbought conditions. Cash flow challenges remain a concern, highlighting the need for improved cash generation.

Positive Factors

Revenue Growth

Strong revenue growth indicates effective market penetration and demand for services, supporting long-term business expansion and stability.

Balance Sheet Strength

A strong balance sheet with low leverage enhances financial stability and flexibility, enabling the company to invest in growth opportunities.

Market Position

As a leading player in its industry, Bourbon Corporation benefits from competitive advantages and a strong market position, supporting sustained growth.

Negative Factors

Cash Flow Challenges

Negative free cash flow poses risks to liquidity and limits the company's ability to fund operations and growth initiatives without external financing.

Operational Efficiency

Decreasing EBIT and EBITDA margins indicate pressure on operational efficiency, which could impact profitability if not addressed.

Cash Generation Ability

Limited cash generation relative to net income may hinder the company's ability to reinvest in its business and manage financial obligations effectively.

Bourbon Corporation Business Overview & Revenue Model

Company Description

Bourbon Corporation manufactures and sells food and beverage products in Japan and internationally. The company offers cookies, wheat flour crackers, bean snacks, candies, deserts, rice biscuits, snacks, delicacies, chocolates, chewing gums, mineral water, coffee, cocoa beverages, and other soft drinks; and powdered cocoa, liquor, rice, bread, and instant ramen. It markets its products through vending machines and mail orders. The company was formerly known as Kitanihon Shokuhin Kogyo Corporation and changed its name to Bourbon Corporation in June 1989. Bourbon Corporation was founded in 1924 and is headquartered in Kashiwazaki, Japan.

How the Company Makes Money

Bourbon Corporation generates revenue primarily through the sale of its confectionery products. The company's key revenue streams include wholesale distribution to retailers, direct sales through its own branded stores, and online sales via e-commerce platforms. Bourbon Corporation also benefits from strategic partnerships with major retailers and distributors, which help to expand its market reach. Additionally, the company invests in marketing and product innovation to drive sales and maintain its competitive edge in the confectionery sector.

Bourbon Corporation Financial Statement Overview

Summary

Bourbon Corporation shows strong financial health with consistent revenue growth and solid profitability margins. The balance sheet is robust with low leverage and high equity, providing financial stability. However, the negative free cash flow indicates a need for improved cash management.

Income Statement

Bourbon Corporation has demonstrated a consistent revenue growth trend, with a TTM revenue growth rate of 1.08%. The gross profit margin is healthy at 25.66%, and the net profit margin stands at 4.91%, indicating solid profitability. The EBIT and EBITDA margins are also robust, reflecting efficient operations. However, the slight decline in EBIT and EBITDA margins compared to the previous annual report suggests room for operational improvements.

Balance Sheet

The company's balance sheet is strong, with a low debt-to-equity ratio of 0.06, indicating low leverage and financial stability. The return on equity is commendable at 9.45%, showcasing effective use of equity to generate profits. The equity ratio of 66.35% further underscores the company's solid financial foundation. Overall, the balance sheet reflects a stable financial position with minimal risk.

Cash Flow

The cash flow statement presents a mixed picture. While the operating cash flow is positive, the free cash flow is negative, indicating potential challenges in generating cash after capital expenditures. The free cash flow growth rate is significantly high, but this is due to a low base effect. The operating cash flow to net income ratio is moderate at 0.25, suggesting that cash generation from operations is not fully aligned with reported profits.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	115.12B	113.47B	103.72B	97.38B	94.45B	118.44B
Gross Profit	29.01B	29.11B	24.48B	21.96B	24.00B	50.26B
EBITDA	12.30B	13.11B	9.26B	6.45B	9.24B	8.98B
Net Income	4.97B	5.57B	3.07B	1.10B	3.37B	3.17B
Balance Sheet
Total Assets	92.58B	95.84B	94.23B	87.63B	83.26B	78.87B
Cash, Cash Equivalents and Short-Term Investments	11.48B	17.39B	19.59B	16.18B	16.79B	14.79B
Total Debt	3.01B	3.86B	5.34B	5.75B	1.07B	1.36B
Total Liabilities	29.97B	34.34B	37.80B	34.09B	30.48B	28.31B
Stockholders Equity	62.61B	61.49B	56.43B	53.54B	52.79B	50.56B
Cash Flow
Free Cash Flow	-1.58B	-294.00M	4.46B	-3.60B	3.18B	2.29B
Operating Cash Flow	4.35B	6.53B	9.81B	2.12B	8.09B	8.05B
Investing Cash Flow	-6.18B	-6.47B	-5.29B	-6.74B	-5.12B	-5.63B
Financing Cash Flow	-2.27B	-2.23B	-1.18B	3.97B	-1.08B	-932.00M

Bourbon Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2490.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2208, the sentiment is Positive. The current price of 2490 is above the 20-day moving average (MA) of 2465.50, above the 50-day MA of 2441.18, and below the 200-day MA of 2523.49, indicating a neutral trend. The MACD of 14.56 indicates Negative momentum. The RSI at 57.62 is Neutral, neither overbought nor oversold. The STOCH value of 53.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2208.

Bourbon Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2208	76 Outperform	¥59.82B	12.04	―	1.55%	5.78%	14.23%
2209	75 Outperform	¥32.93B	12.62	―	1.23%	6.74%	29.20%
2211	71 Outperform	¥68.07B	35.58	―	1.14%	8.17%	10.65%
2216	68 Neutral	¥72.23B	20.22	―	4.58%	7.74%	0.96%
2217	68 Neutral	¥31.92B	35.18	―	1.34%	0.87%	-50.41%
2221	66 Neutral	¥34.66B	15.14	―	0.84%	15.03%	-26.43%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%