Suntory Beverage & Food Limited (STBFY)
Fair ValueFundamental
67
Price
$4843.00
Market Cap
$1.50T
Part 1 · What the company is worth
Overview
Suntory Beverage & Food makes and sells non-alcoholic drinks and some food products under a portfolio of brands rather than one global name: Suntory Tennensui water and Boss coffee in Japan, Orangina and Lucozade in Europe, and Pepsi bottling and BRAND'S health drinks in parts of Asia. It is majority-owned by Japan's Suntory Holdings and sells in around 120 countries, with manufacturing spread across each region it serves rather than centralised in Japan.
How it makes money
Revenue comes from selling packaged drinks — bottles, cans, cartons — through retailers, vending machines and food service, region by region. Because beverages are heavy and perishable relative to their price, bottling and distribution happen close to where products are sold, so each region largely funds its own plants and logistics. Profitability depends on brand strength letting the company charge a premium over private-label alternatives, and on raw material and packaging costs that move with commodity prices.
Revenue by segment
Mineral water, coffee, tea, carbonated and sports drinks sold domestically under the Suntory brand — the largest single market.
Soft drinks, energy drinks and health products across Vietnam, Thailand, Oceania and other Asian markets, including Pepsi bottling in some countries.
Orangina and Schweppes carbonated drinks, Oasis and Ribena juices, and Lucozade energy and sports drinks, sold mainly in France, the UK and Spain.
The group's smallest geographic segment, covering beverage sales across North and South America.
Competitive moat
Brand · NarrowSuntory Beverage & Food's portfolio includes well-established regional brands — Tennensui, Boss, Orangina, Lucozade — built over decades of advertising and shelf presence, which lets it charge more than unbranded alternatives in each market. The moat is narrow rather than wide because it competes region by region against equally entrenched local brands and global rivals like Coca-Cola and PepsiCo, none of which it can dislodge everywhere at once.
What drives demand
DefensiveNon-alcoholic drinks and everyday food items are habitual purchases that hold up better than discretionary categories during downturns. Volume can still soften when consumers trade down to cheaper brands, and currency swings across four regions add another layer of variability, but underlying demand for water, coffee and soft drinks does not disappear in a recession the way demand for durable goods can.
The case for
Buyers argue that a geographically diversified portfolio of strong regional beverage brands gives Suntory Beverage & Food pricing power and resilience that a single-market bottler lacks, and that its exposure to growing Asian markets offers upside beyond its mature Japanese base.
The case against
Sellers fear that operating bottling and distribution separately in four regions keeps margins structurally thinner than a truly global platform, and that currency swings across those regions can erase local operating gains once results are translated back into yen.
Written by the editors, published on August 18, 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$1.81T
Trailing 12 months to the last reported quarter — estimated from per-share metrics
Net Income
$89.66B
Trailing 12 months to the last reported quarter — estimated from per-share metrics
Free Cash Flow
$90.17B
Total Equity
$1.35T
Total Liabilities
$16.01B
Current Ratio
1.31
Interest Coverage
-
Debt/EBITDA
0.07
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$5901.28
Current Price
$4843.00
Margin of Safety
+17.9%
Fair Value Range
$4089.61 - $7712.95
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
16.69
ROE
8.0%
P/B Ratio
1.11
P/FCF
16.60
Gross Margin
36.9%
ROIC
9.9%
Profitability Radar
Value Creation (Economic Moat)
ROIC
9.9%
WACC
7.9%
ROIC − WACC
+2.0 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (14)
- ROIC 9.9%
- Gross margin 36.9%
- P/FCF 16.60
- P/B ratio 1.11
- Debt/equity ratio
- Operating margin 8.3%
- Positive free cash flow
- Current ratio
- Debt/EBITDA
- Price below Graham Number
- Revenue growth 5Y 7.8%
- Earnings surprise, average 5.5%
- PEG ratio 1.47
- Earnings quality (operating cash flow / net income) 2.12
Failed (6)
- Price CAGR -0.61%
- CapEx intensity
- DCF valuation (Fairly Valued)
- ROE 6.9%
- Net margin trend 5.2% vs 5.5%
- Piotroski F-Score 2/9
Unavailable (6)
- EPS data insufficient
- Dividend payout –
- Interest coverage
- Return on tangible assets
- Low reliance on intangibles
- Share dilution (missing share count)
Piotroski F-Score
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Josuke Kimura | President, CEO & Representative Director | 64 |
| Mr. Naoto Okinaka | Senior Managing Executive Officer, Chief Strategy, Finance & Business Growth Officer and Director | 58 |
| Haruhisa Inada | Managing Executive Officer | - |
| Akiyo Sato | Managing Executive Officer | - |
| Shigeki Kogiso | Managing Executive Officer | - |
| Mr. Shigeaki Kazama | Managing Executive Officer and Head of SBF Japan's Production & SCM Headquarters | - |
| Pierre Decroix | SBF Europe CEO | - |
| Makoto Fujimoto | Senior Managing Executive Officer | - |
| Yuji Mori | Managing Executive Officer | - |
| Jahanzeb Khan | CEO of SBF Asia Pacific | - |
Audit Risk
1
Board Risk
7
Compensation Risk
1
Shareholder Rights Risk
5
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much STBFY moves, measured on its daily prices.
More volatile than 8% of the tracked stocks (90-day volatility).
- Volatility 30d
- 14.3%
- Volatility 90d
- 20.3%
- Beta vs S&P 500 (1y)
- -0.05Correlation -0.03
- Max drawdown (12m)
- -20.8%
- ATR (14d, % of price)
- 1.65%
Earnings reactions
How STBFY moved around its past quarterly results.
Next earnings release
Nov 11, 2026 · In 18 days · Before the open
Revenue estimate: $501.2B
What usually happens
- Not enough releases with data yet: we have 0, we need at least 4.
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on STBFY and what the price did next.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for STBFY.