ScoreWhy is Kikkoman Corp. ?
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 11.21%
- Healthy long term growth as Net Sales has grown by an annual rate of 9.35% and Operating profit at 14.02%
- Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 23.39
2
Flat results in Jun 26
- INTEREST(Q) At JPY 1,287 MM has Grown at 23.04%
3
With ROE of 10.98%, it has a fair valuation with a 2.80 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 35.07%, its profits have fallen by -4.4%
4
Majority shareholders : Non Institution
5
Underperformed the market in the last 1 year
- The stock has generated a return of 35.07% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 59.79%
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.
35.07%
105.58
32.90%
Japan Nikkei 225
59.79%
2.03
29.50%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
9.35%
EBIT Growth (5y)
14.02%
EBIT to Interest (avg)
9.14
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.16
Sales to Capital Employed (avg)
1.30
Tax Ratio
26.19%
Dividend Payout Ratio
37.88%
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
17.66%
ROE (avg)
11.21%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
26
Industry P/E
Price to Book Value
2.80
EV to EBIT
19.00
EV to EBITDA
14.12
EV to Capital Employed
3.03
EV to Sales
2.02
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
15.97%
ROE (Latest)
10.98%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
No Signal
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
Mildly Bearish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend8What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -3.67% (YoY
DEBTORS TURNOVER RATIO(HY)
Highest at 8.67 times
NET SALES(Q)
Highest at JPY 202,032 MM
OPERATING PROFIT(Q)
Highest at JPY 32,534 MM
OPERATING PROFIT MARGIN(Q)
Highest at 16.1 %
PRE-TAX PROFIT(Q)
Highest at JPY 26,029 MM
NET PROFIT(Q)
Highest at JPY 19,018 MM
EPS(Q)
Highest at JPY 20.52
-10What is not working for the Company
INTEREST(Q)
At JPY 1,287 MM has Grown at 23.04%
Here's what is working for Kikkoman Corp.
Net Sales
Highest at JPY 202,032 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 32,534 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 16.1 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at JPY 26,029 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
Highest at JPY 19,018 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 20.52
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Debtors Turnover Ratio
Highest at 8.67 times
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 -3.67% (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
Depreciation
Highest at JPY 7,278 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (JPY MM)
Here's what is not working for Kikkoman Corp.
Interest
At JPY 1,287 MM has Grown at 23.04%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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