Kewpie Corporation (2809) AI Stock Analysis

• Market Cap: €597.03B
• Dividend Yield: 1.36%
• Average Volume (3M): 482.67K
• Price to Earnings (P/E): 21.5
• Beta (1Y): 0.37
• Revenue Growth: 5.50%
• EPS Growth: 27.32%
• Country: JP
• Employees: 10,517
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 52.63
• Shares Outstanding: 141,500,000
• 10 Day Avg. Volume: 395,940
• 30 Day Avg. Volume: 482,670
• PEG Ratio: 0.36
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 0.99
• P/FCF Ratio: 12.20
• 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: €4,524.78
• Price Target Upside: 7.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ¥4,783.00 ▲(13.39% Upside)

Kewpie Corporation's strong financial performance, characterized by robust revenue growth and excellent cash flow management, is the primary driver of its stock score. Technical indicators support a positive trend, although valuation metrics suggest the stock may be slightly overvalued. The absence of recent earnings call insights or notable corporate events limits additional context.

Kewpie Corporation Business Overview & Revenue Model

Company Description

Kewpie Corporation (2809) is a leading Japanese food manufacturer, renowned for its production of mayonnaise, dressings, sauces, and various processed food products. The company operates primarily in the food sector, focusing on both consumer and business-to-business markets. Kewpie is particularly famous for its unique mayonnaise, which is a staple in Japanese cuisine and has gained popularity in various international markets. In addition to mayonnaise, Kewpie also offers a diverse range of products including salad dressings, condiments, and other food ingredients, catering to both retail consumers and food service businesses.

How the Company Makes Money

Kewpie Corporation generates revenue through multiple key streams. The primary source of income is from the sale of its flagship mayonnaise and related condiments, which are sold in supermarkets, convenience stores, and food service establishments. Additionally, the company has a substantial business-to-business segment, supplying food products and ingredients to restaurants, catering services, and food manufacturers. Kewpie's revenue is further bolstered by global expansion efforts, with the company exporting its products to various international markets. Strategic partnerships with retailers and food service companies enhance distribution and brand visibility. Furthermore, Kewpie invests in innovation and product development, creating new offerings that cater to changing consumer preferences, thereby driving additional sales.

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	499.00B	483.99B	455.09B	430.30B	407.04B	531.10B
Gross Profit	148.09B	147.77B	122.33B	124.19B	124.23B	125.31B
EBITDA	60.32B	51.65B	39.59B	41.68B	44.63B	43.92B
Net Income	27.71B	21.42B	13.17B	16.03B	18.01B	11.59B
Balance Sheet
Total Assets	470.80B	462.37B	426.01B	403.38B	381.00B	451.72B
Cash, Cash Equivalents and Short-Term Investments	87.41B	88.14B	68.61B	67.83B	68.34B	66.83B
Total Debt	8.08B	21.56B	31.79B	32.47B	41.73B	80.10B
Total Liabilities	124.92B	130.74B	114.70B	108.76B	111.70B	166.35B
Stockholders Equity	315.64B	302.29B	281.88B	267.66B	245.64B	239.53B
Cash Flow
Free Cash Flow	0.00	39.20B	6.28B	10.39B	26.95B	9.50B
Operating Cash Flow	0.00	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: 4218.00
• 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 4218 is below the 20-day moving average (MA) of 4224.45, above the 50-day MA of 4191.38, and above the 200-day MA of 3534.55, indicating a neutral trend. The MACD of 19.04 indicates Positive momentum. The RSI at 50.85 is Neutral, neither overbought nor oversold. The STOCH value of 74.28 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	€597.03B	21.46	9.28%	1.36%	5.50%	27.32%
2282	72 Outperform	¥560.15B	17.71	6.04%	2.10%	5.55%	27.03%
2871	72 Outperform	¥462.24B	19.29	9.74%	2.36%	2.10%	-7.06%
2229	70 Outperform	¥369.35B	20.99	8.27%	2.03%	5.82%	-13.40%
2002	70 Outperform	¥499.16B	20.90	―	3.39%	-0.88%	-25.64%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2206	57 Neutral	¥318.13B	38.10	3.19%	1.84%	2.44%	-18.02%

Kewpie Corporation Corporate Events

Kewpie Corporation Revises Fiscal Year 2025 Net Sales Forecast Upward

Kewpie Corporation has revised its forecast for the fiscal year ending November 30, 2025, increasing its net sales projection by 1.4% to 512,000 million yen. This adjustment is attributed to stronger-than-expected performance in the Food Service segment, driven by the rising egg market, while other financial metrics remain unchanged.

The most recent analyst rating on (JP:2809) stock is a Hold with a Yen3900.00 price target. To see the full list of analyst forecasts on Kewpie Corporation stock, see the JP:2809 Stock Forecast page.

Kewpie Corporation Reports Increased Sales Amid Declining Income

Kewpie Corporation reported a 6.2% increase in net sales for the first nine months of the fiscal year ending November 30, 2025, despite a decline in operating and ordinary income by 9.2% each. The company forecasts a 5.8% increase in net sales for the full fiscal year, with a notable 36.3% rise in profit attributable to owners of the parent, reflecting strategic adjustments and market conditions.

The most recent analyst rating on (JP:2809) stock is a Hold with a Yen3900.00 price target. To see the full list of analyst forecasts on Kewpie Corporation stock, see the JP:2809 Stock Forecast page.

Kewpie Corporation Advances Share Buyback Program

Kewpie Corporation has announced the acquisition of 1,095,200 shares of its own stock, amounting to a total cost of 4,549,878,800 yen, through market purchases on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the Board of Directors to acquire up to 9,600,000 shares, reflecting a 6.91% ratio to the total outstanding shares, with a maximum budget of 24 billion yen, to be executed by May 31, 2026.

The most recent analyst rating on (JP:2809) stock is a Hold with a Yen3900.00 price target. To see the full list of analyst forecasts on Kewpie Corporation stock, see the JP:2809 Stock Forecast page.

Kewpie Corporation Advances Share Buyback Program

Kewpie Corporation has announced the progress of its share buyback program, which was initially resolved by its Board of Directors on July 3, 2025. As of August 31, 2025, the company has acquired 433,400 shares of its common stock at a total cost of 1,833,846,500 yen through market purchases on the Tokyo Stock Exchange. This move is part of a broader plan to acquire up to 9,600,000 shares, with a maximum aggregate acquisition price of 24 billion yen, running until May 31, 2026. The buyback is aimed at enhancing shareholder value and optimizing the company’s capital structure.

The most recent analyst rating on (JP:2809) stock is a Buy with a Yen4700.00 price target. To see the full list of analyst forecasts on Kewpie Corporation stock, see the JP:2809 Stock Forecast page.

Kewpie Corporation Advances Share Buyback Plan

Kewpie Corporation announced the acquisition of 1,493,600 of its own shares at a cost of 5.89 billion yen, as part of a resolution made by its Board of Directors. This move, conducted through market purchases on the Tokyo Stock Exchange, is part of a larger plan to acquire up to 9.6 million shares by May 2026, potentially impacting shareholder value and market perception.

The most recent analyst rating on (JP:2809) stock is a Hold with a Yen3400.00 price target. To see the full list of analyst forecasts on Kewpie Corporation stock, see the JP:2809 Stock Forecast page.