ScoreWhy is Ajinomoto Co., Inc. ?
1
High Management Efficiency with a high ROCE of 14.15%
2
Poor long term growth as Net Sales has grown by an annual rate of 6.83% over the last 5 years
3
The company declared very negative results in Mar'25 after flat results in Dec'24
- INTEREST(HY) At JPY 7,950 MM has Grown at 10.89%
- NET PROFIT(HY) At JPY 20,048 MM has Grown at -40.13%
- ROCE(HY) Lowest at 10.27%
4
With ROCE of 14.75%, it has a expensive valuation with a 3.77 Enterprise value to Capital Employed
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 1.32%, its profits have fallen by -20.9%
- At the current price, the company has a high dividend yield of 0
5
Underperformed the market in the last 1 year
- The stock has generated a return of 1.32% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 28.54%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Ajinomoto Co., Inc. should be less than 10%
- Overall Portfolio exposure to FMCG should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Ajinomoto Co., Inc. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Ajinomoto Co., Inc.
1.32%
0.20
59.99%
Japan Nikkei 225
28.54%
1.11
25.75%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
6.83%
EBIT Growth (5y)
8.51%
EBIT to Interest (avg)
12.18
Debt to EBITDA (avg)
0.98
Net Debt to Equity (avg)
0.39
Sales to Capital Employed (avg)
1.17
Tax Ratio
27.01%
Dividend Payout Ratio
57.33%
Pledged Shares
0
Institutional Holding
0.09%
ROCE (avg)
14.17%
ROE (avg)
11.75%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
45
Industry P/E
Price to Book Value
4.85
EV to EBIT
25.59
EV to EBITDA
16.35
EV to Capital Employed
3.77
EV to Sales
2.56
PEG Ratio
NA
Dividend Yield
0.01%
ROCE (Latest)
14.75%
ROE (Latest)
10.82%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend8What is working for the Company
OPERATING CASH FLOW(Y)
Highest at JPY 202,206 MM
RAW MATERIAL COST(Y)
Fallen by -4.76% (YoY
DEBTORS TURNOVER RATIO(HY)
Highest at 7.8%
OPERATING PROFIT MARGIN(Q)
Highest at 17.9 %
NET PROFIT(Q)
Highest at JPY 32,218 MM
EPS(Q)
Highest at JPY 32.62
-13What is not working for the Company
INTEREST(HY)
At JPY 7,950 MM has Grown at 10.89%
NET PROFIT(HY)
At JPY 20,048 MM has Grown at -40.13%
ROCE(HY)
Lowest at 10.27%
DEBT-EQUITY RATIO
(HY)
Highest at 51.34 %
NET SALES(Q)
Lowest at JPY 364,008 MM
Here's what is working for Ajinomoto Co., Inc.
Operating Cash Flow
Highest at JPY 202,206 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (JPY MM)
Operating Profit Margin
Highest at 17.9 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Net Profit
Highest at JPY 32,218 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 32.62
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Debtors Turnover Ratio
Highest at 7.8%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Raw Material Cost
Fallen by -4.76% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Ajinomoto Co., Inc.
Interest
At JPY 7,950 MM has Grown at 10.89%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debt-Equity Ratio
Highest at 51.34 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Net Sales
Lowest at JPY 364,008 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (JPY MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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