Ishii Food Co., Ltd.

2894.T · Consumer Defensive · Packaged Foods · Valued as of 2026-11-03 · Statements 2026-03-31

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

26.48M USD

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

Profit

23.92M USD

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

FCFF

23.92M USD

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

Average Intrinsic Value

24.78M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

38.79M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.64×

the ratio the screener ranks by

Margin of Safety

-56.5%

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: 26.48M 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)25.83M USD
+②Net Cash Today650.41K USD
+③Growth Value0 USD
=Value26.48M USD

EPV of the Operations (NOPAT over WACC)

25.83M USD

Net cash today

+650.41K USD

Growth Value

0 USD

Value

26.48M USD

①EPV (earnings power value)

25.83M USD

②Net Cash Today

650.41K USD

③Growth Value

0 USD

Market value

Market Cap38.79M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-46.5%

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): 23.92M 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, 23.92M 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 Cap38.79M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-62.1%

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): 23.92M 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, 23.92M 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 Cash Today

Not in the value

Market value

Market Cap38.79M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-62.1%

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: 4.76%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.25×Market Risk Premium 6.00%= 6.02%

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 25.00% (default): the statements print a tax provision of 217.40K USD on a pretax income of -564.02K USD, which gives no rate between 0 and the profit before tax, so the 25% default stands for the tax the interest saves.

Interest Expense =EBIT -435.55K USD−Pretax Income -564.02K USD= 128.47K USD

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

Cost of Debt =Interest Expense 128.47K USDTotal Debt 12.28M USD×(1 − Tax Rate for WACC 25.00%)= 0.78%

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

Debt Weight =Total Debt 12.28M USDMarket Cap + Total Debt 38.79M USD + 12.28M USD= 24.04%

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

WACC =Equity Weight 75.96%×Cost of Equity 6.02%+Debt Weight 24.04%×Cost of Debt 0.78%= 4.76%

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, 2026-03-31.

Total Assets 51.35M USD − Total Liabilities 27.43M USD = Book Value Today 23.92M USD

Total Debt 12.28M USD − Cash and Short-Term Investments 12.93M USD = Net Debt Today -650.41K 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 − 1-0.2%at most 5%passes16,646,719 / 16,677,002
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets9.9%at least -10.0%passes(4.28M USD − -781.43K USD) ÷ 51.35M USD
Price to bookMarket Cap ÷ Book Value Today1.62×at most 3×passes38.79M USD ÷ 23.92M USD
Operating marginOperating Income ÷ Revenue0.1%above 10.0%does not pass39.83K USD ÷ 68.76M USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-5.4%above 10.0%does not pass68.76M USD / 72.72M USD
Net cash(Cash − Total Debt) ÷ Market Cap1.7%above -30%passes(12.93M USD − 12.28M USD) ÷ 38.79M USD
Operating efficiencyOperating Income ÷ Gross Profit0.2%above 25.0%does not pass39.83K USD ÷ 22.31M USD

Market Data

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

Share price

365.36 JPY

Enterprise value

6.12B JPY

the provider's own figure

EV / EBITDA

10.66×

Price / book

1.55×

the provider's book

Price / earnings

—

Return on equity

-2.5%

the provider's figure, not this page's

Profit margin

-0.9%

Revenue growth

5.2%

Analyst target, mean

—

Analysts

—

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.

USD2023202420252026
Income statement

Revenue

71.77M69.35M72.72M68.76M

Gross profit

22.70M23.46M24.27M22.31M

Operating income

1.65M2.73M1.79M39.83K

EBITDA

operating income before depreciation and amortisation

3.65M5.24M5.12M2.89M

Pretax income

2.14M3.46M2.42M-564.02K

Net income

2.32M3.12M1.93M-781.43K

Normalized income

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

2.26M2.80M1.68M-425.69K

R&D

————
Balance sheet, year end

Total assets

50.41M53.51M51.23M51.35M

Total liabilities

28.79M30.89M25.46M27.43M

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

21.62M22.62M25.77M23.92M

Total debt

14.45M12.87M13.20M12.28M

Cash and equivalents

14.61M16.25M12.79M12.93M

Net PP&E

fixed assets after depreciation

13.62M14.40M16.10M16.37M

Working capital

current assets less current liabilities

3.95M3.30M4.49M2.54M
Cash flow

Operating cash flow

2.57M8.25M786.57K4.28M

Capital expenditure

paid out, so below zero

-2.68M-4.03M-4.54M-3.10M

Depreciation and amortisation

1.45M1.73M2.60M3.33M

Free cash flow

operating cash flow plus capital expenditure

-116.60K4.22M-3.75M1.19M