Maruzen CHI Holdings Co.,Ltd.

3159.T · Consumer Cyclical · Specialty Retail · Valued as of 2026-11-03 · Statements 2026-01-31

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

518.93M USD

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

Profit

361.11M USD

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

FCFF

356.09M USD

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

Average Intrinsic Value

412.04M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

218.58M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.89×

the ratio the screener ranks by

Margin of Safety

+46.9%

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: 518.93M 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)518.14M USD
+②Net Cash Today793.64K USD
+③Growth Value0 USD
=Value518.93M USD

EPV of the Operations (NOPAT over WACC)

518.14M USD

Net cash today

+793.64K USD

Growth Value

0 USD

Value

518.93M USD

①EPV (Earnings Power Value)

518.14M USD

②Net Cash Today

793.64K USD

③Growth Value

0 USD

Market value

Market Cap218.58M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+57.9%

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): 361.11M 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.
①Present Value of the 15 Years of FCFE117.84M USD
+②Equity at Year 15, Today243.27M USD
=Value361.11M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

117.84M USD

②Equity at Year 15, Today

243.27M USD

Market value

Market Cap218.58M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+39.5%

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): 356.09M 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 (an FCFF at or below zero in the latest three years), so the value is the book value today, 356.09M 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 Cap218.58M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+38.6%

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: 3.43%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.28×Market Risk Premium 6.00%= 6.17%

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 13.20M USDPretax Income 35.15M USD= 37.53%

The tax the interest saves.

Interest Expense =EBIT 37.36M USD−Pretax Income 35.15M USD= 2.20M USD

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

Cost of Debt =Interest Expense 2.20M USDTotal Debt 215.01M USD×(1 − Tax Rate for WACC 37.53%)= 0.64%

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

Debt Weight =Total Debt 215.01M USDMarket Cap + Total Debt 218.58M USD + 215.01M USD= 49.59%

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

WACC =Equity Weight 50.41%×Cost of Equity 6.17%+Debt Weight 49.59%×Cost of Debt 0.64%= 3.43%

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, 2026-07-31.

Total Assets 839.97M USD − Total Liabilities 483.89M USD = Book Value Today 356.09M USD

Total Debt 215.01M USD − Cash and Short-Term Investments 215.81M USD = Net Debt Today -793.64K 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 − 1-0.0%at most 5%passes92,544,521 / 92,545,559
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets1.1%at least -10.0%passes(31.40M USD − 21.79M USD) ÷ 839.97M USD
Price to bookMarket Cap ÷ Book Value Today0.61×at most 3×passes218.58M USD ÷ 356.09M USD
Operating marginOperating Income ÷ Revenue3.0%above 10.0%does not pass36.60M USD ÷ 1.21B USD
Revenue growthRevenue ÷ Revenue a Year Before − 112.3%above 10.0%passes1.21B USD / 1.08B USD
Net cash(Cash − Total Debt) ÷ Market Cap0.4%above -30%passes(215.81M USD − 215.01M USD) ÷ 218.58M USD
Operating efficiencyOperating Income ÷ Gross Profit11.6%above 25.0%does not pass36.60M USD ÷ 315.15M USD

Market Data

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

Share price

370.37 JPY

Enterprise value

34.32B JPY

the provider's own figure

EV / EBITDA

4.35×

Price / book

0.60×

the provider's book

Price / earnings

10.34×

Return on equity

6.1%

the provider's figure, not this page's

Profit margin

1.8%

Revenue growth

-8.4%

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.

Income statement (USD)2023202420252026

Revenue

1.25B1.11B1.08B1.21B

Gross profit

302.49M272.87M265.59M315.15M

Operating income

24.05M24.60M22.77M36.60M

EBITDA

operating income before depreciation and amortisation

37.78M37.91M51.08M49.66M

Pretax income

21.88M23.61M37.87M35.15M

Net income

13.60M14.90M25.39M21.79M

Normalized income

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

14.58M15.75M14.90M22.26M

R&D

————
Balance sheet, year end (USD)2023202420252026

Total assets

987.89M875.52M862.22M894.69M

Total liabilities

637.28M551.07M526.12M537.65M

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

344.44M319.41M331.34M355.72M

Total debt

291.12M268.82M252.09M264.70M

Cash and equivalents

185.24M177.49M186.71M203.21M

Net PP&E

fixed assets after depreciation

219.07M191.72M177.44M187.11M

Working capital

current assets less current liabilities

264.38M248.17M268.58M265.91M
Cash flow (USD)2023202420252026

Operating cash flow

15.14M38.65M19.54M31.40M

Capital expenditure

paid out, so below zero

-7.35M-6.00M-11.91M-22.48M

Depreciation and amortisation

14.32M12.81M11.52M12.31M

Free cash flow

operating cash flow plus capital expenditure

7.79M32.65M7.63M8.92M