ScoreWhy is Kikkoman Corp. ?
1
High Management Efficiency with a high ROE of 11.21%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 23.39
3
Healthy long term growth as Net Sales has grown by an annual rate of 8.77% and Operating profit at 13.98%
4
Flat results in Jun 25
- OPERATING CASH FLOW(Y) Lowest at JPY 0 MM
- DEBT-EQUITY RATIO (HY) Highest at -6.17 %
- INTEREST(Q) At JPY 1,722 MM has Grown at inf%
5
With ROE of 12.23%, it has a attractive valuation with a 2.44 Price to Book Value
- 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 -15.93%, its profits have risen by 9.3%
6
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -15.93% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Kikkoman Corp. 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 Kikkoman Corp. for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
Kikkoman Corp.
-15.93%
99.50
27.92%
Japan Nikkei 225
28.54%
1.11
25.75%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
8.77%
EBIT Growth (5y)
13.98%
EBIT to Interest (avg)
23.39
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.16
Sales to Capital Employed (avg)
1.33
Tax Ratio
25.89%
Dividend Payout Ratio
38.47%
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
17.41%
ROE (avg)
11.21%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
20
Industry P/E
Price to Book Value
2.44
EV to EBIT
15.01
EV to EBITDA
11.14
EV to Capital Employed
2.71
EV to Sales
1.64
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
18.08%
ROE (Latest)
12.23%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bullish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend1What is working for the Company
RAW MATERIAL COST(Y)
Fallen by 1.33% (YoY
-7What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at JPY 0 MM
DEBT-EQUITY RATIO
(HY)
Highest at -6.17 %
INTEREST(Q)
At JPY 1,722 MM has Grown at inf%
Here's what is working for Kikkoman Corp.
Raw Material Cost
Fallen by 1.33% (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 Kikkoman Corp.
Operating Cash Flow
Lowest at JPY 0 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (JPY MM)
Interest
At JPY 1,722 MM has Grown at inf%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debt-Equity Ratio
Highest at -6.17 % 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
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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