Added to YB: 2026-05-14
Pitch date: 2026-05-11
2814.T [bullish]
Sato Foods Industries Co., Ltd.
+2.6%
current return
Author Info
Halvio Capital is an investment firm that seeks to compound capital at high rates of return while taking limited risk of capital impairment through separately managed accounts. The firm’s goal is to outperform the broader indices over a long time frame. Sign up for the newsletter.
Company Info
Sato Foods Industries Co., Ltd. engages in the manufacture and sale of tea extracts, plant extracts, natural seasonings, and powdered alcohol in Japan and internationally.
Market Cap
JPY 10.9B
Pitch Price
JPY 3.1K
Price Target
5.7K (+80%)
Dividend
N/A
EV/EBITDA
3.42
P/E
15.68
EV/Sales
0.51
Sector
Food Products
Category
value
Sato Foods Industries Co. Ltd. (2814.T) : A Negative EV Net-Net With Massive 'Buybacks'
2814.T (new position): Neg EV net-net at 0.54x BV, 0.74x NCAV. Cash+investments ¥13.9B > ¥10.7B mkt cap. Share count down 45% in 4yrs via gifted shares from deceased shareholders (2M in 2022, more in 2025) + recent 7% buybacks. Profitable tea extract mfr, 35% rev from top 3 customers (Itoen 15%). Upside: 35% to NCAV, 85% to BV. Risk: low liquidity (<1M float), mgmt owns no shares.
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