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Meiji Holdings Co (TSE:2269) Intrinsic Value: Projected FCF : 円3,101.01 (As of Apr. 26, 2024)


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What is Meiji Holdings Co Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-26), Meiji Holdings Co's Intrinsic Value: Projected FCF is 円3,101.01. The stock price of Meiji Holdings Co is 円3499.00. Therefore, Meiji Holdings Co's Price-to-Intrinsic-Value-Projected-FCF of today is 1.1.

The historical rank and industry rank for Meiji Holdings Co's Intrinsic Value: Projected FCF or its related term are showing as below:

TSE:2269' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.61   Med: 2.38   Max: 4.32
Current: 1.13

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Meiji Holdings Co was 4.32. The lowest was 0.61. And the median was 2.38.

TSE:2269's Price-to-Projected-FCF is ranked worse than
50.41% of 1226 companies
in the Consumer Packaged Goods industry
Industry Median: 1.12 vs TSE:2269: 1.13

Meiji Holdings Co Intrinsic Value: Projected FCF Historical Data

The historical data trend for Meiji Holdings Co's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Meiji Holdings Co Intrinsic Value: Projected FCF Chart

Meiji Holdings Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,454.31 1,860.88 2,307.60 2,657.65 2,914.76

Meiji Holdings Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,707.25 2,914.76 2,841.45 2,967.03 3,101.01

Competitive Comparison of Meiji Holdings Co's Intrinsic Value: Projected FCF

For the Packaged Foods subindustry, Meiji Holdings Co's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Meiji Holdings Co's Price-to-Projected-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Meiji Holdings Co's Price-to-Projected-FCF falls into.



Meiji Holdings Co Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Meiji Holdings Co's Free Cash Flow(6 year avg) = 円27,211.04.

Meiji Holdings Co's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.7180950547477*27211.04+751341*0.8)/279.107
=3,101.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Meiji Holdings Co  (TSE:2269) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Meiji Holdings Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=3499.00/3101.0052533922
=1.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Meiji Holdings Co Intrinsic Value: Projected FCF Related Terms

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Meiji Holdings Co (TSE:2269) Business Description

Traded in Other Exchanges
Address
4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031
Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (TSE:2269) Headlines

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