Food & Life Companies

DCF against the market -49.7% (tolerance 15.0%). the steady state after FY2031: terminal growth (Market inputs, Terminal growth, 1.9 per cent) and RONIC (Market inputs, RONIC, 10 per cent), with the five-year horizon: the DCF's equity value over the market capitalisation, less one. About 50 per cent below the market: the steady state after FY2031 (terminal growth 1.9 per cent, RONIC 10 per cent) and the five-year horizon cause it. The market's enterprise value of about 1.47 trillion yen implies residual operating income growing about 4.6 per cent a year forever after FY2031 at the model's 7.27 per cent WACC, or, read as a steady state from FY2027, a WACC of about 4.3 per cent. Revenue grew 15.6 per cent a year over FY2021 to FY2025 while ROIC ran 4.6 to 10.8 per cent; the forecast grows it 13 per cent a yea

Residual income against the market -42.6% (tolerance 15.0%). residual operating income's continuing value: FY2031's residual operating income growing at the long-run nominal GDP growth (Market inputs, Long-run nominal GDP growth, 1.9 per cent): the residual-income equity value over the market capitalisation, less one. About 43 per cent below the market: residual operating income's continuing value, FY2031's residual income growing at 1.9 per cent, causes it. The operations value is invested capital of about 281 billion yen, residual operating income of 23 to 38 billion yen a year to FY2031 and that continuing value; the market's price needs the residual income to grow about 4.6 per cent a year after FY2031 instead (the market-implied growth row), against revenue growth of 15.6 per cent a year over FY2021 to FY2025 and ROIC of 4.6 to