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Calbee, Inc. (2229.T)

JPY2,976.50 -21.50 (-0.72%)
JP JPX Consumer Defensive Packaged Foods
Address Marunouchi Trust Tower Main 100-0005
Tokyo, JP
CEO Makoto Ehara
IPO 2011-03-11
ISIN JP3220580009

Explore sections of this company profile

Also trades on Other OTC · CBCFF (USD) Other OTC · CLBEY (USD) Tokyo Stock Exchange · 2229.T (JPY)
Description

Calbee, Inc. is a major producer and distributor of snack foods and other culinary items, with a significant international presence encompassing Japan, North America, Greater China, the United Kingdom, and Indonesia, among other global regions. The company's diverse product range includes various snacks made from potatoes, flour, corn, and beans, alongside wheat-based goods, breakfast cereals, and granola. These products are marketed under prominent brand names such as Potato Chips, Jagarico, Jaga Pokkuru, Kappa Ebisen, Seabrook, Thin Potato, Sapporo Potato, Sayaendo, Jagabee, and Frugra. Calbee's offerings are available to consumers through both e-commerce channels and traditional retail establishments. The company, which has its headquarters in Tokyo, Japan, was founded in 1949.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY2,976.50 -21.50 (-0.72%)
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Volume Profile
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Liquidity & share structure
Average Volume
455.1K
Beta
-0.13
Float Shares
66.28M
Free Float %
54.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.36% -1.43% -5.28% -6.02% -2.36% -3.18% -0.09% +1.30% +8.12% -31.84% +420.49%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,976.50
DCF (Unlevered) 1,746.26 -41.3%
DCF (Levered) 5,251.46 +76.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 4 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
4.48
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Packaged Foods: +4.4%
    +5.5% Q1'26: +5.9% (vs Q1'25)
  • EPS growth Packaged Foods: +14.6%
    -16.2% Q1'26: +51.5% (vs Q1'25)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    +5.2% Q1'26: +38.3% (vs Q1'25)
  • EBIT margin Packaged Foods: +7.9%
    +7.7% Q1'26: +7.4% (vs Q1'25)
  • ROIC Packaged Foods: +7.0%
    +8.4% Q1'26: +7.7% (vs Q1'25)
  • Share dilution Packaged Foods: +0.0%
    -0.9% Q1'26: -3.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    0.88× Q1'26: 0.90× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.04) × ERP
WACC = 90% × Ke + 10% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,124.44 Current price: 2,976.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
6 Rev. Ana.
6 EPS Ana.
Mar 2027
6 Rev. Ana.
6 EPS Ana.
Mar 2028
6 Rev. Ana.
6 EPS Ana.
Mar 2029
2 Rev. Ana.
2 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
222.15B
est: 220.16B (+0.9%)
246.13B
est: 247.01B (-0.4%)
252.42B
est: 252.15B (+0.1%)
251.58B
est: 251.54B (+0.0%)
248.66B
est: 249.71B (-0.4%)
255.94B
est: 255.39B (+0.2%)
266.75B
est: 266.41B (+0.1%)
245.42B
est: 243.91B (+0.6%)
279.32B
est: 273.11B (+2.3%)
303.03B
est: 307.53B (-1.5%)
322.56B
est: 324.33B (-0.5%)
339.28B
333.13B – 343.03B
+4.6% YoY
356.03B
345.82B – 361.22B
+4.9% YoY
369.08B
369.07B – 369.10B
+3.7% YoY
368.00B
366.40B – 369.60B
-0.3% YoY
376.00B
365.21B – 381.47B
+2.2% YoY
EBITDA
31.05B
est: 30.72B (+1.0%)
36.39B
est: 34.47B (+5.6%)
36.59B
est: 35.19B (+4.0%)
35.23B
est: 35.10B (+0.4%)
35.65B
est: 34.85B (+2.3%)
36.71B
est: 35.64B (+3.0%)
37.73B
est: 37.18B (+1.5%)
36.05B
est: 34.04B (+5.9%)
34.15B
est: 38.11B (-10.4%)
39.83B
est: 41.59B (-4.2%)
43.29B
est: 43.86B (-1.3%)
45.89B
45.05B – 46.39B
+4.6% YoY
48.15B
46.77B – 48.85B
+4.9% YoY
49.92B
49.91B – 49.92B
+3.7% YoY
49.77B
49.55B – 49.99B
-0.3% YoY
50.85B
49.39B – 51.59B
+2.2% YoY
EBIT
24.17B
est: 21.28B (+13.6%)
28.13B
est: 23.87B (+17.8%)
28.68B
est: 24.37B (+17.7%)
26.79B
est: 24.31B (+10.2%)
26.87B
est: 24.13B (+11.4%)
27.54B
est: 24.68B (+11.6%)
26.93B
est: 25.75B (+4.6%)
25.04B
est: 23.57B (+6.2%)
22.12B
est: 26.39B (-16.2%)
27.16B
est: 28.39B (-4.4%)
28.99B
est: 29.95B (-3.2%)
31.33B
30.76B – 31.67B
+4.6% YoY
32.87B
31.93B – 33.35B
+4.9% YoY
34.08B
34.08B – 34.08B
+3.7% YoY
33.98B
33.83B – 34.13B
-0.3% YoY
34.72B
33.72B – 35.22B
+2.2% YoY
Net Income
14.11B
est: 13.34B (+5.8%)
16.80B
est: 15.27B (+10.0%)
18.61B
est: 17.06B (+9.1%)
17.33B
est: 16.46B (+5.3%)
19.43B
est: 17.75B (+9.5%)
17.54B
est: 16.75B (+4.7%)
17.68B
est: 16.32B (+8.4%)
18.05B
est: 16.35B (+10.4%)
14.77B
est: 15.12B (-2.3%)
19.89B
est: 20.71B (-4.0%)
20.87B
est: 19.99B (+4.4%)
17.35B
16.54B – 20.31B
-13.2% YoY
19.10B
18.49B – 22.07B
+10.1% YoY
20.37B
19.62B – 23.10B
+6.6% YoY
23.10B
22.30B – 23.92B
+13.4% YoY
25.17B
24.23B – 25.65B
+9.0% YoY
SGA
56.61B
est: 57.56B (-1.6%)
62.12B
est: 64.58B (-3.8%)
80.70B
est: 65.92B (+22.4%)
79.69B
est: 65.76B (+21.2%)
81.55B
est: 65.29B (+24.9%)
84.69B
est: 66.77B (+26.8%)
88.05B
est: 69.65B (+26.4%)
55.51B
est: 63.77B (-12.9%)
64.30B
est: 71.40B (-9.9%)
70.75B
est: 77.35B (-8.5%)
76.63B
est: 81.57B (-6.1%)
85.33B
83.79B – 86.28B
+4.6% YoY
89.55B
86.98B – 90.85B
+4.9% YoY
92.83B
92.82B – 92.83B
+3.7% YoY
92.55B
92.15B – 92.96B
-0.3% YoY
94.57B
91.85B – 95.94B
+2.2% YoY
EPS
105.81
est: 106.77 (-0.9%)
125.88
est: 122.25 (+3.0%)
139.24
est: 136.55 (+2.0%)
129.71
est: 131.79 (-1.6%)
145.39
est: 142.07 (+2.3%)
131.21
est: 134.08 (-2.1%)
132.30
est: 130.63 (+1.3%)
136.25
est: 130.89 (+4.1%)
115.16
est: 121.06 (-4.9%)
159.22
est: 165.79 (-4.0%)
167.10
est: 161.55 (+3.4%)
140.90
132.40 – 162.60
-12.8% YoY
157.31
148.04 – 176.70
+11.6% YoY
168.55
157.08 – 184.90
+7.1% YoY
185.00
178.53 – 191.47
+9.8% YoY
201.50
193.98 – 205.31
+8.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-14 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-05-13 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-05-12 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-05-11 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-05-08 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-05-07 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-05-01 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-04-30 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-04-28 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-04-27 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-04-24 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-04-23 B+ 3/5 4/5 3/5 5/5 2/5 2/5 3/5
2026-04-22 B+ 3/5 4/5 3/5 5/5 2/5 2/5 3/5
2026-04-21 B+ 3/5 4/5 3/5 5/5 2/5 2/5 3/5
2026-04-20 B+ 3/5 4/5 3/5 5/5 2/5 2/5 3/5
2026-04-17 B+ 3/5 4/5 3/5 5/5 2/5 2/5 3/5
2026-04-16 B+ 3/5 4/5 3/5 5/5 2/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
18.83B
OE per share TTM
157.84
Owner's Yield
5.23%
Maintenance CapEx ratio
27.89%
Maint CapEx / Avg PPE
37.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 109 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Japan SmallCap Dividend Fund DFJ 0.19% 738.4K 0.58%
2 iShares MSCI Japan Small Cap UCITS ETF IDJP.L 0.11% 594.2K 0.58%
3 iShares MSCI Japan Small-Cap ETF SCJ 0.10% 264.5K 0.50%
4 Avantis International Small Cap Equity ETF AVDS 0.07% 208.9K 0.30%
5 Schwab Fundamental International Small Company Index ETF FNDC 0.06% 1.93M 0.39%
6 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.06% 267.9K 0.48%
7 WisdomTree International SmallCap Dividend Fund DLS 0.06% 644.8K 0.58%
8 UBS MSCI World Small Cap Socially Responsible UCITS ETF USD dis WSCR.L 0.06% 480.7K 0.23%
9 UBS MSCI World Small Cap Socially Responsible UCITS ETF USD acc WSCSRI.SW 0.06% 480.9K 0.23%
10 Amundi MSCI Millennials UCITS ETF Acc GENY.L 0.04% 10.2K 0.45%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
5.29M
Shares Outstanding
121.59M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Makoto Ehara President, Chief Executive Officer & Chairman 94M male
Atsushi Wagatsuma Manager of IR Department
Chisa Hayakawa Executive Officer and Chief Financial Officer of Calbee Asia Oceania Region female
Keiei Sho Executive VP, CSO & Director male
Rie Makuuchi Officer of IR, Finance & Accounting Division and IR Department
Ryo Tsutsumi Executive Officer and President of Calbee Europe & America Region male
Akira Imoto Executive VP, CPO & Director male
Saori Watanabe Executive Officer & Chief Marketing Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits