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← CockpitCompetitor Analysis › 2587.T Suntory Beverage & Food Ltd.Open in the cockpit ↗

Suntory Beverage & Food Ltd.2587.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Staples›Beverages: Non-Alcoholic

Suntory group's non-alcoholic beverage arm, selling soft drinks and teas in Japan and abroad.

≈ Japan's Keurig Dr PepperMomentum strong 79
Mkt cap
$9.58B
US dollars, full cap
Free float
40%
of shares outstanding
$/day
$32.7M
20-day average traded
Fwd P/E
17.2×
forward earnings
ROIC−WACC
+2.6 pp
WACC 5.0%
Hurdle
-15 pp
Req g minus delivered
Next earnings
5 days
11 Nov 2026
Close · JPY¥4,888
1D-4.5%
1W+5.4%
1M+8.3%
3M+6.6%
6M+8.7%
YTD+3.4%
1Y+1.0%
ATR %2.3%
52w lowhigh9.5% off high

What Suntory Beverage & Food does

Suntory group's non-alcoholic beverage arm, selling soft drinks and teas in Japan and abroad.

Sells drinks through supermarkets, convenience stores and its own vending machines in Japan, with coffee, tea and water brands, and through acquired brands in Europe, notably Lucozade in the UK and Orangina in France. Suntory Holdings, the family-controlled parent, owns most of the stock. It also bottles and distributes Pepsi in parts of Southeast Asia through a joint venture.

In one line: Japan's Keurig Dr Pepper.

Products and services

  • Japan soft drinks/teas
  • Europe beverages (Lucozade, Orangina)
  • Vending machine sales

Customers

  • Retail/vending consumers (Japan, Europe, SE Asia)

Where it sits in the supply chain

  • Consumer staples
  • Beverage manufacturing
  • Soft drinks, teas, bottled water

What could go right

  • Southeast Asia/emerging market growth
  • Premium/health drink demand

What could go wrong

  • Raw material (sugar, PET) cost inflation
  • Competitive vending/retail channel

Moat: narrow (brand, distribution). Strong regional beverage brands and Suntory's extensive vending/retail distribution.

Headquarters: Tokyo, Japan · Founded: 2009 · Employees: 22,700

Named competitors

Suntory Beverage & Food at a glance

Size Suntory Beverage & Food (2587.T) is a Japan Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $9.58B, the 143rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,888 on 6 Nov 2026.

Performance Over six months the shares gained 8.7%, against +7.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 16 in its peer set.

Growth Revenue grew 7.3% over the last twelve months (peer median +12.4%); the operating margin is 8.8% (peer median 12.6%).

Valuation It trades at 17.2× forward earnings against a peer median of 17.2× (7th cheapest of 14).

Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -15 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.6 points above its cost of capital (5.0% WACC).

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

10011011 May 202611 Aug 20266 Nov 20262587.T 109Peer median 105
Six months, rebased to 100: Suntory Beverage & Food against the median of its 15 peers (local-currency closes).

Suntory Beverage & Food financials

Reported figures in JPY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥1.81T¥1.72T¥1.70T¥1.59T¥1.45T
Revenue growth—+1%+7%+10%—
Gross profit¥667B¥602B¥608B¥552B¥515B
EBITDA¥249B¥241B¥246B¥218B¥203B
Net income¥89.7B¥88.7B¥93.5B¥82.7B¥82.3B
Free cash flow¥102B¥65.3B¥85.4B¥79.1B¥90.3B
Capital expenditure¥86.8B¥94.0B¥108B¥79.2B¥60.2B
Total debt¥16.0B¥79.5B¥85.3B¥120B¥169B

Quarterly statements and history in the cockpit →

Suntory Beverage & Food competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%+20%0322CELHPRMB605499COKEKOFVBL001925790220CCHAKO-BFMXFIZZ6009622587.T6-month return →1-month return →
Up and to the right = strong over both horizons. Suntory Beverage & Food is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%10×20×30×40×0322CELHPRMB605499KOFVBL00192579FMXFIZZ2587.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Suntory Beverage & Food is the large dot.

Capital: growth delivered against growth the price implies

0%+25%+50%+75%0%50%0322CELHPRMB605499COKEKOFVBL00190220FMX2587.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Suntory Beverage & Food is the large dot.

Suntory Beverage & Food competitors and peer comparison

Head to head with its named competitors (2587.T vs 2579.T vs 2503.T vs 2502.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Suntory Beverage & Food 2587.T$9.58B+9%+7%9%17.2×-7.5%
Coca-Cola Bottlers Japan 2579.T$4.60B+31%-2%4%31.7×8.4%
Kirin 2503.T$15.2B+21%+6%11%13.7×-4.2%
Asahi Group Hldgs 2502.T$16.4B+10%+3%9%13.1×1.8%
Keurig Dr Pepper KDP$49.8B+28%+43%17%14.8×6.3%

How Suntory Beverage & Food compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Suntory Beverage & Food against its 15 peers (data as of 6 Nov 2026)
Measure2587.TPeer medianRank in peer set
1-month return+8.3%+9.4%7th lowest of 16
6-month return+8.7%+7.1%6th highest of 16
Distance from 52-week high-9.5%-8.2%8th lowest of 16
Revenue growth (TTM)+7.3%+12.4%6th lowest of 16
Operating margin8.8%12.6%5th lowest of 15
Forward P/E17.2×17.2×7th cheapest of 14
Growth the price implies (Req g, 7 yrs)-7.5%1.1%4th least demanding of 15
Growth delivered (Del g)+7.8%+11.3%7th lowest of 15
Hurdle (Req g minus delivered)-15.3 pp-14.5 pp7th least demanding of 15
ROIC minus cost of capital+2.6 pp+9.4 pp5th lowest of 15
EV / EBITDA6.0×10.3×2nd cheapest of 14
Net debt / EBITDA-0.6×1.2×2nd least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Suntory Beverage & Food 2587.TJapan$9.58B+9%+7%9%17.2×-7.5%+7.8%
Tingyi 0322.HKHong Kong$9.59B+17%+4%9%14.1×-12.9%+2.4%
Celsius CELHUnited States$8.14B0%+83%19%22.7×7.6%+80.7%
Primo Brands PRMBUnited States$8.10B-4%+28%10%16.2×9.2%+27.8%
Eastroc Beverage (Group) 605499.SSChina$11.7B-27%+12%25%17.2×-3.2%+33.1%
Coca-Cola Consolidated COKEUnited States$13.8B+19%+11%13%n/a-1.3%+7.6%
Coca-Cola FEMSA SAB de CV Sponsored ADR KOFUnited States$6.01B+8%+17%14%16.5×-20.1%+12.2%
Varun Beverages VBL.NSIndia$15.7B-14%+22%17%42.8×37.2%+26.8%
Swire Pacific 0019.HKHong Kong$17.0B+23%+7%12%11.4×6.9%+2.9%
Coca-Cola Bottlers Japan 2579.TJapan$4.60B+31%-2%4%31.7×8.4%+2.4%
Uni-President China 0220.HKHong Kong$4.56B+12%+4%8%14.0×-8.3%+6.1%
Coca-Cola HBC CCH.LUnited Kingdom$20.5B-2%+13%11%17.2×4.9%+12.8%
Embotelladora Andina S.A. Sponsored ADR Pfd AKO-BUnited States$4.26B+7%+10%13%14.6×-4.2%+10.4%
Fomento Economico Mexicano SAB de CV Sponsored ADR FMXUnited States$26.1B+7%+18%9%24.2×-6.9%+13.8%
National Beverage FIZZUnited States$3.48B+6%-2%18%19.2×3.4%+1.9%
SDIC Zhonglu Fruit Juice 600962.SSChina$2.62B-1%+100%n/an/an/an/a

Questions

Who are Suntory Beverage & Food's main competitors?
Named competitors: Coca-Cola Bottlers Japan (2579.T), Kirin Holdings (2503.T), Asahi Group Holdings (2502.T), Keurig Dr Pepper (KDP). The cockpit's measured peer set (industry) also includes Tingyi (0322.HK), Celsius (CELH), Primo Brands (PRMB), Eastroc Beverage (Group) (605499.SS), Coca-Cola Consolidated (COKE), Coca-Cola FEMSA SAB de CV Sponsored ADR (KOF).
Is Suntory Beverage & Food expensive compared with its peers?
On forward p/e it trades at 17.2× against a peer median of 17.2×, 7th cheapest of 14 in its peer set. For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -15 pp: the price already allows for a slowdown.
How has Suntory Beverage & Food stock performed?
Over six months to 6 Nov 2026 the shares returned +8.7% against +7.1% for the median peer; over one year +1.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.