Marudai Food Co (MFL1) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Marudai Food Co stock €32.78, price €12.09, upside +171.0%, quality 71 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 27, 2026.
How to read this chart
60‑month range €8.12 – €12.55 · fair‑value band €24.36 – €42.34 · the €12.09 price screens below the €32.78 fair value. Dashed = 300-day average. As of Oct 27, 2026.
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Marudai Food Co., Ltd. manufactures and sells hams and sausages, cooked processed food, and meat products in Japan and internationally. It operates through Processed Food Business and Fresh Meat Business segments.
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The company offers hams, sausages, wiener, prosciutto, roast pork, frank, hamburger seal and meatballs, bacon, and fish and meat products. It also provides chicken dishes, Korean food ingredients, cooking soup and sauce, curry, meat side dishes, frozen food, and snack products.
In addition, the company offers beef, pork, and chicken meat products; and desserts and beverages. The company offers its products through mass retailers and restaurants. Marudai Food Co., Ltd. was incorporated in 1950 and is headquartered in Takatsuki, Japan.
Stock analysis
Marudai Food Co (MFL1) currently trades at €12.09, while our model-based Fair Value estimate is €32.78, implying the stock looks roughly 63.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €36.83 per share, and 20 of the 23 models we run sit above the €12.09 price.
Bear case: the Earnings-Based group reads lowest at €14.64, and 3 of the 23 models stay below the price. Data coverage for this calculation is high.
Scenario range: €24.36 (bear) to €42.34 (bull), the price of €12.09 sits below 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.
Marudai Food Co reported revenue of ¥238B in FY2026 versus ¥219B in FY2022, a compound +2.2%/yr. Reported net income was ¥9.8B in FY2026.
Key figures
Market cap €294M Small · P/E ratio 5.4 · P/S ratio 0.22 · EPS (TTM) €2.23 · Dividend yield 3.5% · Net margin 4.1% · Return on equity 13.2% · Return on assets (EBIT) 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −19% fair-value upside, at 171%, MFL1 screens cheaper than that median.
Fair Value models
Bear€24.36Fair Value €32.78Bull€42.34
Price €12.09 · Upside +171.0%
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 (€1.28 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.63/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.5%
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.
+2.4%
’22
’23
’24
’25
’26
Profit margin (trend) ⓘ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.
−0.4% (2022) → 3.1% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−16.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about −18.2% a year for the price.
Price, fair value, quality and upside side by side.
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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 · 635 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+171.0% · Top 25%
Profitability
Return on equity (12 months)13.2% · Above median
Return on assets7.9% · Top 25%
Net margin (12 months)3.9% · Below median
Operating margin (12 months)2.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)1.9% · Below median
Dividend yield (12 months)3.5% · Above median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Marudai Food Co Fair Value". https://www.fairvalue-calculator.com/stock/MFL1
Frequently asked questions
Is Marudai Food Co (MFL1) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €32.78 versus a price of €12.09, about +171% upside (undervalued).
What is the fair value of MFL1?
Our model-based fair value for Marudai Food Co is €32.78 (as of Oct 27, 2026), built from audited fundamentals. The current price: €12.09.
What is the quality score of MFL1?
Marudai Food Co 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 Marudai Food Co (MFL1)?
Our model-based price target is the fair value of €32.78 (as of Oct 27, 2026) from 23 valuation models. Cautious scenario €24.36, optimistic scenario €42.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Marudai Food Co stock forecast for 2026?
Our models put fair value at €32.78, about +171% upside versus a price of €12.09 (undervalued). Cautious scenario €24.36, optimistic scenario €42.34. The calculation is refreshed regularly with new filings.
What is the revenue of Marudai Food Co (MFL1)?
Marudai Food Co reported trailing-twelve-month revenue of about ¥240B (latest available figure, as of Oct 27, 2026).
Does Marudai Food Co pay a dividend?
Marudai Food Co currently shows a dividend yield of 3.46% relative to its recent price (as of Oct 27, 2026).
What growth is priced into Marudai Food Co (MFL1)?
For today's price to be fair in a discounted-cash-flow model, Marudai Food Co would have to grow free cash flow by -16.4 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +2.2 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of MFL1 use?
Our models discount Marudai Food Co at 9.6 %: a base by market capitalisation (small), damped by beta 0.27, country premium for Germany. 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 Marudai Food Co that is -16.4 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Marudai Food Co (MFL1) delivered so far?
Over the past 4 years revenue at Marudai Food Co grew +2.2 % a year. The price currently implies -16.4 % per year free-cash-flow growth a 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 Marudai Food Co (MFL1) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Marudai Food Co (-16.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Marudai Food Co (MFL1)?
The free-cash-flow yield on the price is 20.37 %: that much free cash flow Marudai Food Co produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Marudai Food Co (MFL1)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Marudai Food Co it is €32.78 per share (as of Oct 27, 2026), against a price of €12.09. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Marudai Food Co stock overvalued or undervalued in 2026?
As of Oct 27, 2026, MFL1 trades below its calculated fair value: price €12.09, fair value €32.78, a gap of about +171% (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 MFL1?
No. The price is what the market pays today (€12.09); the fair value is what the company's own numbers justify (€32.78). For Marudai Food Co the two are €20.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is Marudai Food Co worth?
The market values Marudai Food Co at about €294M (market capitalisation, as of Oct 27, 2026). Per share that is €12.09; our models calculate a fair value of €32.78 per share.
What do the bullish and bearish scenarios say about MFL1?
Our models span a range for Marudai Food Co: cautious scenario €24.36, base €32.78, optimistic €42.34 per share (as of Oct 27, 2026, price €12.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MFL1?
Marudai Food Co trades at a price-to-earnings ratio of 5.4 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €32.78 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.2, EV/EBITDA 4.1.
How solid is the balance sheet of Marudai Food Co (MFL1)?
Balance-sheet figures for Marudai Food Co (as of Oct 27, 2026): return on equity 13.2%, debt of 0.06 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is MFL1 from its 52-week high?
Marudai Food Co trades at €12.09, about 6% below its 52-week high of €12.86 and 23% above the low of €9.80 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €32.78 is for.
Which stocks are comparable to Marudai Food Co?
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 Marudai Food Co stock attractive at the current price?
The data as of Oct 27, 2026: price €12.09, calculated fair value €32.78 (+171%), Quality Score 71/100, from 23 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 MFL1 calculated?
We run Marudai Food Co through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €32.78, 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 12.7 % above its aggregate fair value. Marudai Food Co currently trades 63 % 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 Marudai Food Co (MFL1)?
The closing price on Oct 26, 2026 was €12.09. Our model-based fair value is €32.78, about +171% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Marudai Food Co right now?
The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (€24.36). The market is more pessimistic than our downside scenario.
Key figures of Marudai Food Co
How large is the market capitalisation of Marudai Food Co (MFL1)?
The market capitalisation of Marudai Food Co is €294M. 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 Marudai Food Co (MFL1)?
The price-to-sales ratio of Marudai Food Co is 0.22 (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 Marudai Food Co (MFL1)?
Earnings per share at Marudai Food Co are €2.23 (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Marudai Food Co (MFL1)?
The dividend yield of Marudai Food Co is 3.5% (payout 18.8%). 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 Marudai Food Co (MFL1)?
The net margin of Marudai Food Co is 4.1% (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 Marudai Food Co (MFL1)?
The return on equity (ROE) of Marudai Food Co is 13.2% (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 Marudai Food Co (MFL1)?
On an EBIT basis the return on assets of Marudai Food Co is 2.3% (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 Marudai Food Co (MFL1)?
The operating margin of Marudai Food Co is 2.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Marudai Food Co (MFL1)?
Revenue at Marudai Food Co is growing +1.9% versus a year earlier (3y avg +2.4%). 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 Marudai Food Co (MFL1)?
Earnings per share at Marudai Food Co are growing −27.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Marudai Food Co (MFL1) carry?
The net debt of Marudai Food Co is ¥7.3B (fiscal year 2025, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 27, 2026