9946 (Ministop Co Ltd) vs Nikkei 225 Comparison

9946

Nikkei 225

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9946

Nikkei 225

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9946

Nikkei 225

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Nikkei 225

9946

ATD

3382

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1Y 3Y 5Y 10Y 15Y 20Y

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Ministop Co Ltd
Glance View

Market Cap

48.7B JPY

Industry

Retail

Ministop Co., Ltd. engages in the convenience store chain business. The company is headquartered in Chiba, Chiba-Ken. The firm operates in two business segments, including Domestic segment, its business in both domestic Japan market and Overseas segment that conducts business overseas. In Domestic segment, the Company is engaged in the operation of convenience store business with franchise chain-type affiliated stores and directly managed stores, and logistics operations to Ministop stores through consolidated subsidiaries. The Overseas segment conducts convenience store business with franchise chain-type affiliated stores and directly managed stores, and develops convenience store business with directly managed stores in Vietnam.

View Ministop Co Ltd Analysis

Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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JP		Seven & i Holdings Co Ltd TSE:3382	Add
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ZA	S	Shoprite Holdings Ltd JSE:SHP	Select
CA		Alimentation Couche-Tard Inc TSX:ATD	Select
US		Kroger Co NYSE:KR	Select
CA		Loblaw Companies Ltd TSX:L	Select
JP		Seven & i Holdings Co Ltd TSE:3382	Select
ZA	P	Pick N Pay Stores Ltd JSE:PIK	Select
NL		Koninklijke Ahold Delhaize NV AEX:AD	Select
UK		Tesco PLC LSE:TSCO	Select
IN		Avenue Supermarts Ltd NSE:DMART	Select
AU		Woolworths Group Ltd ASX:WOW	Select

ZA	S	Shoprite Holdings Ltd JSE:SHP	Add
CA		Alimentation Couche-Tard Inc TSX:ATD	Add
US		Kroger Co NYSE:KR	Add
CA		Loblaw Companies Ltd TSX:L	Add
JP		Seven & i Holdings Co Ltd TSE:3382	Add
ZA	P	Pick N Pay Stores Ltd JSE:PIK	Add
NL		Koninklijke Ahold Delhaize NV AEX:AD	Add
UK		Tesco PLC LSE:TSCO	Add
IN		Avenue Supermarts Ltd NSE:DMART	Add
AU		Woolworths Group Ltd ASX:WOW	Add

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9946

vs

Nikkei 225

Stocks Performance
9946 vs Nikkei 225

Performance Gap
9946 vs Nikkei 225

Performance By Year
9946 vs Nikkei 225

Competitors Performance
Ministop Co Ltd vs Peers

Ministop Co Ltd
Glance View

Company

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9946 vs Nikkei 225

Stocks Performance 9946 vs Nikkei 225

Performance Gap 9946 vs Nikkei 225

Performance By Year 9946 vs Nikkei 225

Competitors Performance Ministop Co Ltd vs Peers

Ministop Co Ltd Glance View

Company

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Stocks

9946

vs

Nikkei 225

Stocks Performance
9946 vs Nikkei 225

Performance Gap
9946 vs Nikkei 225

Performance By Year
9946 vs Nikkei 225

Competitors Performance
Ministop Co Ltd vs Peers

Ministop Co Ltd
Glance View