MORINAGA MILK INDUSTRY CO.,LTD.

2264 TSE Consumer Staples Foods
TSE Prime
¥1,106.00
+1.56%
Delayed · cached 15 min

Fair value analysis

2264
MORINAGA MILK INDUSTRY CO.,LTD.
Consumer StaplesFoods
¥1,106.00
Close used for this calculation
¥2,590.90Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
59/100
Profitability8/25
Returns15/25
Balance Sheet11/25
Efficiency25/25
Growth16/25
Good
Quality radar
59Prof.8/25Ret.15/25Eff.25/25B.Sht11/25Growth16/25

Consensus fair value

¥2,590.90
Below FV
▲ +134.3% against the close used
Model range ¥1,274.78 – ¥5,871.25
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.

Price target range & 52-week position

Bear¥1,274.78Fair value¥2,590.90Bull¥5,871.25
FairClose
52-week traded range
52W low ¥820.2552W high ¥1,321.50

The 52-week range is measured from the stored price history, not estimated.

Valuation summary

Trading below the consensus fair value

MORINAGA MILK INDUSTRY CO.,LTD. closed at ¥1,106.00, 57.3% below the consensus fair value of ¥2,590.90 drawn from 9 valuation models.

Financial DNA score 59/100 — Good. P/E of 4.0x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥5,173.31
+367.7%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=8%, r=10%, tg=3%, n=10yr
Graham Number
¥4,633.02
+318.9%
√(22.5 × EPS × BVPS)
EPS=276.02, BVPS=3456.25
P/E Fair Value
¥5,520.40
+399.1%
EPS × 20x (sector P/E)
EPS=276.02, Sector P/E=20x
Peter Lynch (PEG)
¥2,638.75
+138.6%
EPS × Growth% (PEG = 1 is fair)
EPS=276.02, g=9.6%
EV/EBITDA
¥5,871.25
+430.9%
(EBITDA × 10x − Net Debt) ÷ Shares
EBITDA=58.36B
Dividend Discount (DDM)
¥1,274.78
+15.3%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=99.98, r=10%, g=2%
Book Value (P/B)
¥2,666.25
+141.1%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=3456.25, ROE=8.4%, g=3%, r=10%
Reverse DCF
¥1,106.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -10% | Historical: -9.6%
Margin of Safety
¥3,831.68
+246.4%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=5108.91, MoS=25%

Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.

Educational data only. Not a recommendation to buy, sell or hold any security.

Educational data only. Not a recommendation to buy, sell or hold any security.