Coca-Cola Bottlers Japan Holdings Inc.

2579.T · Consumer Defensive · Beverages - Non-Alcoholic · Valued as of 2026-11-03 · Statements 2024-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

-486.66M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

2.26B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

2.26B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

1.34B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

3.93B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.34×

the ratio the screener ranks by

Margin of Safety

-192.4%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: -486.66M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)61.56M USD
−②Net Debt Today548.22M USD
+③Growth Value0 USD
=Value-486.66M USD

EPV of the Operations (NOPAT over WACC)

61.56M USD

Net debt today

-548.22M USD

Growth Value

0 USD

Value

-486.66M USD

①EPV (earnings power value)

61.56M USD

②Net Debt Today

548.22M USD

③Growth Value

0 USD

Market value

Market Cap3.93B USD

The price on the date above times the shares.

Value vs market

Margin of Safety—

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 2.26B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 2.26B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap3.93B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-73.9%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 2.26B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 2.26B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap3.93B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-73.9%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 8.31%
Cost of Equity =Risk-Free Rate 4.50%+Beta (default) 1.00×Market Risk Premium 6.00%= 10.50%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 35.11M USDPretax Income 82.22M USD= 42.70%

The tax the interest saves.

Interest Expense =EBIT 87.53M USD−Pretax Income 82.22M USD= 5.30M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 5.30M USDTotal Debt 1.07B USD×(1 − Tax Rate for WACC 42.70%)= 0.28%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 1.07B USDMarket Cap + Total Debt 3.93B USD + 1.07B USD= 21.44%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 78.56%×Cost of Equity 10.50%+Debt Weight 21.44%×Cost of Debt 0.28%= 8.31%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 4.46B USD − Total Liabilities 2.20B USD = Book Value Today 2.26B USD

Total Debt 1.07B USD − Cash and Short-Term Investments 524.69M USD = Net Debt Today 548.22M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-9.7%at most 5%passes161,878,624 / 179,340,193
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets5.9%at least -10.0%passes(311.68M USD − 46.60M USD) ÷ 4.46B USD
Price to bookMarket Cap ÷ Book Value Today1.74×at most 3×passes3.93B USD ÷ 2.26B USD
Operating marginOperating Income ÷ Revenue1.5%above 10.0%does not pass85.28M USD ÷ 5.69B USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-7.4%above 10.0%does not pass5.69B USD / 6.15B USD
Net cash(Cash − Total Debt) ÷ Market Cap-14.2%above -30%passes(514.55M USD − 1.07B USD) ÷ 3.93B USD
Operating efficiencyOperating Income ÷ Gross Profit3.3%above 25.0%does not pass85.28M USD ÷ 2.57B USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

3789.79 JPY

Enterprise value

704.82B JPY

the provider's own figure

EV / EBITDA

10.78×

Price / book

1.68×

the provider's book

Price / earnings

34.27×

Return on equity

5.4%

the provider's figure, not this page's

Profit margin

2.2%

Revenue growth

-0.7%

Analyst target, mean

4169.16 JPY

Analysts

10

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)20212022202320242025

Revenue

—6.08B6.15B5.69B5.72B

Gross profit

—2.65B2.72B2.57B2.56B

Operating income

—-87.06M24.40M85.28M-463.91M

EBITDA

operating income before depreciation and amortisation

—260.10M356.98M377.38M-460.40M

Pretax income

—-94.07M22.82M82.22M-465.38M

Net income

—-60.78M13.24M46.60M-324.87M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

—-60.78M13.24M46.60M-324.87M

R&D

—————
Balance sheet, year end (USD)20212022202320242025

Total assets

—6.23B5.98B5.13B4.47B

Total liabilities

—2.64B2.65B2.15B2.04B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

—3.59B3.33B2.97B2.43B

Total debt

—1.36B1.28B909.63M856.67M

Cash and equivalents

—633.17M804.45M564.10M488.49M

Net PP&E

fixed assets after depreciation

—3.37B3.01B2.61B2.04B

Working capital

current assets less current liabilities

—1.02B823.23M857.67M349.50M
Cash flow (USD)20212022202320242025

Operating cash flow

313.03M321.70M418.31M311.68M—

Capital expenditure

paid out, so below zero

-341.57M-246.07M-223.83M-179.54M—

Depreciation and amortisation

497.27M344.82M328.83M289.85M—

Free cash flow

operating cash flow plus capital expenditure

-28.54M75.63M194.48M132.14M—