Kewpie Corporation (2809) AI Stock Analysis

• Market Cap: €464.69B
• Dividend Yield: 1.62%
• Average Volume (3M): 442.11K
• Price to Earnings (P/E): 16.5
• Beta (1Y): 0.37
• Revenue Growth: 5.92%
• EPS Growth: 56.91%
• Country: JP
• Employees: 10,517
• Sector: Consumer Defensive
• Sector Strength: 63
• Industry: Packaged Foods
• EPS (TTM): 91.92
• Shares Outstanding: 141,500,000
• 10 Day Avg. Volume: 444,280
• 30 Day Avg. Volume: 442,106
• PEG Ratio: -2.12
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 32.72
• 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: €3,500.83
• Price Target Upside: 5.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: ¥3,631.00 ▲(9.47%Upside)

Kewpie Corporation's strong financial performance is the most significant factor, driven by robust revenue growth, efficient operations, and excellent cash flow management. Technical analysis provides mixed signals with a positive MACD indicating bullish momentum. The valuation is reasonable with a moderate dividend yield. The absence of earnings call data and notable corporate events means these components do not influence the score.

Kewpie Corporation Business Overview & Revenue Model

Company Description

Kewpie Corporation, through its subsidiaries, engages in the manufacturing, wholesaling, transporting, and warehousing of food products in Japan and internationally. It offers condiments, including mayonnaise and dressings, and vinegar; egg products, such as liquid eggs, frozen eggs, dried eggs, egg spreads, and thick omelets; and delicatessen products comprising salads and delicatessen foods, and packaged salads. The company also provides processed foods consisting of bottled and/or canned foods, such as jams, fruit, pasta sauces, baby foods, and nursing care foods; and fine chemical products, including hyaluronic acid and others. In addition, it produces and sells fresh vegetables, dried meat, and machinery and equipment; provides consigned clerical work; engages in transportation and warehousing of food products, and sells equipment for cars, as well as is involved in the mail-order business. Further, the company offers advertising, publicity, and exhibitions services, as well as financial and business management services. The company was founded in 1919 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Kewpie Corporation generates revenue through the production and sale of its diverse food product offerings, with mayonnaise and dressings being its flagship products. The company earns money by distributing its products to supermarkets, convenience stores, and food service providers. In addition to direct sales, Kewpie leverages partnerships and collaborations with retailers and distributors to ensure wide availability and visibility of its products. The company also invests in research and development to innovate and expand its product line, catering to varying consumer tastes and dietary preferences, which helps drive sales and revenue growth. Kewpie's international operations and strategic expansions into overseas markets also contribute significantly to its earnings.

Kewpie Corporation Financial Statement Overview

Summary

Kewpie Corporation demonstrates strong financial health with significant revenue growth and efficient operational management. The company maintains a solid balance sheet with low leverage and strong equity financing. Impressive cash flow management enhances the company's financial flexibility and ability to fund future growth.

Income Statement

Kewpie Corporation shows strong financial performance with a significant revenue growth rate of 6.36% in the TTM. Gross profit margin at 30.52% and net profit margin at 4.43% indicate a stable profitability level within the industry. EBIT and EBITDA margins are also healthy at 7.09% and 10.67%, respectively, reflecting efficient operations and cost management.

Balance Sheet

The balance sheet reflects robust financial stability with a low debt-to-equity ratio of 0.07, highlighting conservative leverage. Return on equity stands at 7.08%, showing moderate profitability relative to equity. The equity ratio of 65.36% indicates a strong capital structure with substantial equity financing.

Cash Flow

Cash flow analysis reveals impressive free cash flow growth of 524.83%, driven by significant operating cash flow improvements. The operating cash flow to net income ratio is 2.95, indicating strong cash generation relative to reported earnings. The free cash flow to net income ratio of 1.83 further underscores excellent cash flow management.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
480.10B	483.99B	455.09B	430.30B	407.04B	531.10B
	Gross Profit
145.11B	147.77B	122.33B	124.19B	124.23B	125.31B
	EBIT
36.08B	34.33B	19.69B	25.43B	27.97B	28.30B
	EBITDA
48.79B	51.65B	39.59B	41.68B	43.51B	48.59B
	Net Income Common Stockholders
21.85B	21.42B	13.17B	16.03B	18.01B	11.59B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
86.55B	88.14B	68.61B	67.83B	68.34B	66.83B
	Total Assets
456.38B	462.37B	426.01B	403.38B	381.00B	451.72B
	Total Debt
17.72B	21.56B	31.79B	32.47B	41.73B	80.10B
	Net Debt
-61.32B	-56.58B	-34.82B	-25.36B	-16.62B	23.26B
	Total Liabilities
127.75B	130.74B	114.70B	108.76B	111.70B	166.35B
	Stockholders Equity
299.20B	302.29B	281.88B	267.66B	245.64B	239.53B
Cash Flow		Free Cash Flow
8.82B	39.20B	6.28B	10.39B	26.95B	9.50B
	Operating Cash Flow
8.82B	63.13B	23.73B	27.20B	38.53B	34.95B
	Investing Cash Flow
0.00	-23.89B	-17.72B	-15.95B	-20.28B	-26.04B
	Financing Cash Flow
0.00	-21.13B	-9.51B	-16.81B	-18.70B	5.00M

Kewpie Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3317.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2809, the sentiment is Positive. The current price of 3317 is above the 20-day moving average (MA) of 3296.11, above the 50-day MA of 3192.44, and above the 200-day MA of 3258.37, indicating a bullish trend. The MACD of 42.36 indicates Positive momentum. The RSI at 55.15 is Neutral, neither overbought nor oversold. The STOCH value of 23.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2809.

Kewpie Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2809	74 Outperform	€464.69B	16.50	9.19%	1.62%	5.92%	56.91%
Sector *	65 Neutral	$8.92B	15.03	4.68%	6.11%	3.59%	-2.49%
CBCFF		$2.46B	17.01	10.34%	2.15%	―	―
NI6		€3.01B	19.04	4.96%	2.75%	―	―
NI3		€2.87B	19.00	9.55%	2.51%	―	―
5EJ		€1.82B	51.66	2.04%	1.99%	―	―
2002	60 Neutral	¥487.53B	14.65		3.49%	-0.79%	9.92%

Kewpie Corporation Corporate Events

Kewpie Corporation Reports Q1 Financial Results and Strategic Adjustments

Kewpie Corporation’s first quarter results for the fiscal year ending November 30, 2025, indicate a slight increase in net sales and operating income overseas due to exchange rate fluctuations. The company plans to adjust its criteria for allocating corporate expenses to better reflect the actual profit and loss of each segment, which may impact future financial reporting and strategic decisions.

Kewpie Corporation Reports Strong Profit Growth Despite Income Declines

Kewpie Corporation reported a 4.7% increase in net sales for the first quarter of fiscal year 2025, although operating and ordinary income saw declines of 29.0% and 26.3% respectively. Despite these declines, profit attributable to owners of the parent surged by 111.6%, indicating a strong bottom-line performance. The company also announced a commemorative dividend for its 100th anniversary of Kewpie Mayonnaise, highlighting its long-standing market presence and commitment to shareholder returns.

Kewpie Completes Treasury Share Disposal for Remuneration

Kewpie Corporation has completed the payment procedure for the disposal of 9,048 treasury shares as restricted share-based remuneration, following a resolution by its Board of Directors. This move is part of the company’s strategy to align the interests of its directors with those of the shareholders, potentially enhancing corporate governance and stakeholder value.