CALBEE (2229) AI Stock Analysis

• Market Cap: ¥383.88B
• Dividend Yield: 1.95%
• Average Volume (3M): 400.30K
• Price to Earnings (P/E): 22.0
• Beta (1Y): 0.19
• Revenue Growth: 5.45%
• EPS Growth: -16.23%
• Country: JP
• Employees: 4,939
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 139.97
• Shares Outstanding: 133,929,800
• 10 Day Avg. Volume: 399,620
• 30 Day Avg. Volume: 400,303
• PEG Ratio: -1.35
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 1.12
• P/FCF Ratio: 31.22
• 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: ¥2,600.00
• Price Target Upside: -12.28% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1
• EPS Forecast (FY): 152.1
• Revenue Forecast (FY): ¥360.54B

• Rating: 66 Neutral
• Price Target: ¥3,133.00 ▲(5.70% Upside)
• Action: Reiterated
• Date: 05/15/26

Positive Factors

Conservative Balance Sheet

Low leverage (debt ~0.18x equity) and a growing equity base provide durable financial flexibility. This conservatism supports investment capacity, resilience to demand shocks, and lower refinancing risk, enabling steady capital allocation for operations, capex or M&A over the medium term.

Negative Factors

Margin Compression

Declining net and operating margins signal pressure on profitability from input costs or pricing limits. Persistent margin erosion would reduce cash available for reinvestment or dividends, strain returns on capital and heighten sensitivity to cost inflation over the next several quarters.

CALBEE Business Overview & Revenue Model

Company Description

Calbee, Inc. engages in the production and sale of snacks and other food products in Japan, North America, Greater China, the United Kingdom, Indonesia, and internationally. It offers potato-based, flour-based, corn-and bean-based, and other snack...

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Calbee, Inc. engages in the production and sale of snacks and other food products in Japan, North America, Greater China, the United Kingdom, Indonesia, and internationally. It offers potato-based, flour-based, corn-and bean-based, and other snack...

How the Company Makes Money

Calbee makes money by selling packaged snack products to the food retail distribution chain. Its primary revenue stream is domestic Japan sales of branded snacks, where Calbee supplies products that are then sold to consumers through supermarkets,...

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Calbee makes money by selling packaged snack products to the food retail distribution chain. Its primary revenue stream is domestic Japan sales of branded snacks, where Calbee supplies products that are then sold to consumers through supermarkets,...

CALBEE Financial Statement Overview

Breakdown	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	340.15B	322.56B	303.03B	279.31B	245.42B
Gross Profit	110.75B	109.83B	101.82B	90.10B	83.87B
EBITDA	43.21B	43.29B	39.83B	34.15B	36.05B
Net Income	17.33B	20.87B	19.89B	14.77B	18.05B
Balance Sheet
Total Assets	327.61B	319.17B	292.16B	239.09B	236.60B
Cash, Cash Equivalents and Short-Term Investments	51.55B	56.76B	44.30B	32.17B	59.00B
Total Debt	38.04B	36.55B	27.04B	1.85B	2.00B
Total Liabilities	105.83B	104.10B	91.07B	56.41B	53.14B
Stockholders Equity	210.60B	205.18B	191.75B	174.11B	175.38B
Cash Flow
Free Cash Flow	12.20B	10.99B	-6.24B	-6.44B	9.84B
Operating Cash Flow	35.60B	39.10B	24.35B	19.31B	22.33B
Investing Cash Flow	-26.21B	-28.32B	-35.03B	-19.88B	4.10B
Financing Cash Flow	-17.00B	2.25B	16.57B	-20.45B	-25.63B

CALBEE Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2964.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2229, the sentiment is Neutral. The current price of 2964 is above the 20-day moving average (MA) of 2956.85, below the 50-day MA of 3018.85, and above the 200-day MA of 2893.31, indicating a neutral trend. The MACD of -19.39 indicates Negative momentum. The RSI at 49.48 is Neutral, neither overbought nor oversold. The STOCH value of 79.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2229.

CALBEE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2212	73 Outperform	¥640.16B	14.65	9.18%	1.13%	5.55%	17.29%
2229	66 Neutral	¥383.88B	21.98	7.90%	1.95%	5.45%	-16.23%
2206	65 Neutral	¥353.42B	26.05	1.86%	1.64%	12.09%	13.34%
2220	64 Neutral	¥81.69B	-88.15	―	1.47%	33.69%	355.00%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2269	59 Neutral	¥1.02T	29.82	5.97%	2.96%	1.70%	-30.43%
2226	59 Neutral	¥49.72B	13.18	―	1.19%	2.99%	0.15%

CALBEE Corporate Events