Toyo Suisan Kaisha Ltd (TSUKY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Toyo Suisan Kaisha Ltd stock $84.82, price $66.23, upside +28.1%, quality 71 out of 100. Rating: undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $26.48 – $79.57 · fair‑value band $59.37 – $110.27 · the $66.23 price screens below the $84.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Toyo Suisan Kaisha, Ltd., together with its subsidiaries, produces and sells food products in Japan and internationally.
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The company operates through Seafood Business, Overseas Instant Noodles Business, Domestic Instant Noodles Business, Low Temperature Food Business, Refrigeration Business, Processed Food Business, And Other segments. It also purchases, processes, and sells seafood products.
In addition, the company manufactures and sells instant cup noodles, instant noodles, soup, chilled noodles and foods, frozen food, rice, seafood, commercial frozen food, and other processed foods, as well as fish, ham, and sausage.
Further, it engages in the manufactures and sale of low- temperature foods; refrigeration and freezing of cargo activities; provision of warehouse, transportation, and customs clearance services; and bento and prepared food business.
Toyo Suisan Kaisha, Ltd. was incorporated in 1948 and is based in Tokyo, Japan.
Stock analysis
Toyo Suisan Kaisha Ltd (TSUKY) currently trades at $66.23, while our model-based Fair Value estimate is $84.82, implying the stock looks roughly 22% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $108.24 per share, and 18 of the 25 models we run sit above the $66.23 price.
Bear case: the Asset-Based group reads lowest at $17.73, and 7 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: $59.37 (bear) to $110.27 (bull), the price of $66.23 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Toyo Suisan Kaisha Ltd ADR reported revenue of ¥569B in FY2026 versus ¥361B in FY2022, a compound +12.0%/yr. Reported net income was ¥74.4B in FY2026, compounding +35.0%/yr from FY2022.
Key figures
Market cap $6.4B Mid · P/E ratio 13.8 · P/S ratio 1.81 · EPS (TTM) $4.79 · Dividend yield 2.1% · Net margin 13.1% · Return on equity 14.1% · Return on assets (EBIT) 10.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 28%, TSUKY screens cheaper than that median.
Fair Value models
Bear$59.37Fair Value $84.82Bull$110.27
Price $66.23 · Upside +28.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($2.07 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.4%
Start year 2021 (pandemic). Over 10 years: +4.0% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
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What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+29.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.3%
Dividend (yield on the price)2.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.27.3% vs 15.6%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 16%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +0.8% a year for the price and +0.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (3 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The business shows decent margins and cash flow supported by overseas instant noodle growth, yet lacks evidence of a strong competitive moat and depends on that single earnings driver.
Main risk: Heavy reliance on overseas instant noodle sales leaves earnings exposed to shifts in international demand that could narrow the overall profit base.
Toyo Suisan launched three new Maruchan udon products nationwide in early October. Its most recent quarter delivered strong profit growth driven almost entirely by overseas instant noodles. Our models see the shares as undervalued, but will domestic product innovation broaden the earnings base or leave results dependent on that single overseas engine?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaged Foods · 627 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+28.1% · Above median
Profitability
Return on equity (12 months)14.1% · Above median
Return on assets11.5% · Top 25%
Net margin (12 months)13.4% · Top 25%
Operating margin (12 months)16.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)7.8% · Above median
Dividend yield (12 months)2.1% · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)13.8× · Cheaper than median
P/B1.91× · Pricier than median
P/S (12 months)1.87× · Priciest 25%
Price / free cash flow (fiscal year)22.2× · Pricier than median
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Is Toyo Suisan Kaisha Ltd (TSUKY) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $84.82 versus a price of $66.23, about +28% upside (undervalued).
What is the fair value of TSUKY?
Our model-based fair value for Toyo Suisan Kaisha Ltd is $84.82 (as of Nov 6, 2026), built from audited fundamentals. The current price: $66.23.
What is the quality score of TSUKY?
Toyo Suisan Kaisha Ltd has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Toyo Suisan Kaisha Ltd (TSUKY)?
Our model-based price target is the fair value of $84.82 (as of Nov 6, 2026) from 25 valuation models. Cautious scenario $59.37, optimistic scenario $110.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Toyo Suisan Kaisha Ltd ADR stock forecast for 2026?
Our models put fair value at $84.82, about +28% upside versus a price of $66.23 (undervalued). Cautious scenario $59.37, optimistic scenario $110.27. The calculation is refreshed regularly with new filings.
What is the revenue of Toyo Suisan Kaisha Ltd (TSUKY)?
Toyo Suisan Kaisha Ltd reported trailing-twelve-month revenue of about ¥546B (latest available figure, as of Nov 6, 2026).
Does Toyo Suisan Kaisha Ltd ADR pay a dividend?
Toyo Suisan Kaisha Ltd currently shows a dividend yield of 2.10% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Toyo Suisan Kaisha Ltd (TSUKY) and when is the ex-dividend date?
Toyo Suisan Kaisha Ltd pays a dividend of $1.39 per share a year, a dividend yield of 2.1%. The last ex-dividend date was Mar 31, 2026. A dividend has been paid every year since at least 2005. The payout ratio is 28.1% of earnings. Free cash flow covers the dividend 2.20 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Toyo Suisan Kaisha Ltd (TSUKY)?
For today's price to be fair in a discounted-cash-flow model, Toyo Suisan Kaisha Ltd would have to grow free cash flow by +2.9 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of TSUKY use?
Our models discount Toyo Suisan Kaisha Ltd at 8.5 %: a base by market capitalisation (mid), damped by beta 0.29, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Toyo Suisan Kaisha Ltd that is +2.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Toyo Suisan Kaisha Ltd (TSUKY) delivered so far?
Over the past 5 years revenue at Toyo Suisan Kaisha Ltd grew +6.4 % a year. The price currently implies free-cash-flow growth of +2.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Toyo Suisan Kaisha Ltd (TSUKY) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Toyo Suisan Kaisha Ltd (+2.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Toyo Suisan Kaisha Ltd (TSUKY)?
The free-cash-flow yield on the price is 4.50 %: that much free cash flow Toyo Suisan Kaisha Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Toyo Suisan Kaisha Ltd (TSUKY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Toyo Suisan Kaisha Ltd it is $84.82 per share (as of Nov 6, 2026), against a price of $66.23. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Toyo Suisan Kaisha Ltd ADR stock overvalued or undervalued in 2026?
As of Nov 6, 2026, TSUKY trades below its calculated fair value: price $66.23, fair value $84.82, a gap of about +28% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TSUKY?
No. The price is what the market pays today ($66.23); the fair value is what the company's own numbers justify ($84.82). For Toyo Suisan Kaisha Ltd the two are $18.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Toyo Suisan Kaisha Ltd ADR worth?
The market values Toyo Suisan Kaisha Ltd at about $6.4B (market capitalisation, as of Nov 6, 2026). Per share that is $66.23; our models calculate a fair value of $84.82 per share.
What do the bullish and bearish scenarios say about TSUKY?
Our models span a range for Toyo Suisan Kaisha Ltd: cautious scenario $59.37, base $84.82, optimistic $110.27 per share (as of Nov 6, 2026, price $66.23). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TSUKY?
Toyo Suisan Kaisha Ltd trades at a price-to-earnings ratio of 13.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $84.82 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2019 to 2026), reported earnings: 16.9. Other multiples: PEG 2.4, P/B 1.9, P/S 1.9, EV/EBITDA 7.0.
What is the PEG ratio of TSUKY?
The PEG ratio of Toyo Suisan Kaisha Ltd is 2.43 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Toyo Suisan Kaisha Ltd (TSUKY)?
Balance-sheet figures for Toyo Suisan Kaisha Ltd (as of Nov 6, 2026): return on equity 14.1%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is TSUKY from its 52-week high?
Toyo Suisan Kaisha Ltd trades at $66.23, about 17% below its 52-week high of $79.43 and 14% above the low of $58.29 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $84.82 is for.
Which stocks are comparable to Toyo Suisan Kaisha Ltd ADR?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Toyo Suisan Kaisha Ltd ADR stock attractive at the current price?
The data as of Nov 6, 2026: price $66.23, calculated fair value $84.82 (+28%), Quality Score 71/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TSUKY calculated?
We run Toyo Suisan Kaisha Ltd through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $84.82 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Toyo Suisan Kaisha Ltd currently trades 22% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Toyo Suisan Kaisha Ltd (TSUKY)?
The closing price on Nov 6, 2026 was $66.23. Our model-based fair value is $84.82, about +28% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Toyo Suisan Kaisha Ltd ADR right now?
Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($59.37 to $110.27) leaves room in how you read the outcome.
Where does the earnings growth of Toyo Suisan Kaisha Ltd (TSUKY) come from?
Earnings per share at Toyo Suisan Kaisha Ltd grew +15.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.8 %, EBIT margin +8.4 %, tax rate +1.5 %, residual (interest, one-offs) +0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Toyo Suisan Kaisha Ltd
How large is the market capitalisation of Toyo Suisan Kaisha Ltd (TSUKY)?
The market capitalisation of Toyo Suisan Kaisha Ltd is $6.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Toyo Suisan Kaisha Ltd (TSUKY)?
The price-to-sales ratio of Toyo Suisan Kaisha Ltd is 1.81 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Toyo Suisan Kaisha Ltd (TSUKY)?
Earnings per share at Toyo Suisan Kaisha Ltd are $4.79 (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Toyo Suisan Kaisha Ltd (TSUKY)?
The dividend yield of Toyo Suisan Kaisha Ltd is 2.1% (payout 29.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Toyo Suisan Kaisha Ltd (TSUKY)?
The net margin of Toyo Suisan Kaisha Ltd is 13.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Toyo Suisan Kaisha Ltd (TSUKY)?
The return on equity (ROE) of Toyo Suisan Kaisha Ltd is 14.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Toyo Suisan Kaisha Ltd (TSUKY)?
On an EBIT basis the return on assets of Toyo Suisan Kaisha Ltd is 10.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Toyo Suisan Kaisha Ltd (TSUKY)?
The operating margin of Toyo Suisan Kaisha Ltd is 16.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Toyo Suisan Kaisha Ltd (TSUKY)?
Revenue at Toyo Suisan Kaisha Ltd is growing +7.8% versus a year earlier (3y avg +9.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Toyo Suisan Kaisha Ltd (TSUKY)?
Earnings per share at Toyo Suisan Kaisha Ltd are growing +22.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Toyo Suisan Kaisha Ltd (TSUKY) hold?
Toyo Suisan Kaisha Ltd holds more cash than debt, ¥260B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026