ScoreWhy is Morinaga & Co., Ltd. ?
1
High Management Efficiency with a high ROE of 13.64%
2
Company has very low debt and has enough cash to service the debt requirements
3
Poor long term growth as Net Sales has grown by an annual rate of 1.85% and Operating profit at 0.06% over the last 5 years
4
Negative results in Dec 25
- INTEREST(HY) At JPY 71 MM has Grown at 24.56%
- CASH AND EQV(HY) Lowest at JPY 52,804 MM
- INVENTORY TURNOVER RATIO(HY) Lowest at 3.85 times
5
With ROE of 14.12%, it has a very attractive valuation with a 1.65 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 4.08%, its profits have risen by 10.8% ; the PEG ratio of the company is 1
- At the current price, the company has a high dividend yield of 0
6
Underperformed the market in the last 1 year
- The stock has generated a return of 4.08% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 36.73%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Morinaga & Co., Ltd. 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 Morinaga & Co., Ltd. for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
Morinaga & Co., Ltd.
4.08%
373.77
18.65%
Japan Nikkei 225
36.73%
1.30
28.24%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
1.85%
EBIT Growth (5y)
0.06%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.09
Sales to Capital Employed (avg)
1.48
Tax Ratio
26.51%
Dividend Payout Ratio
29.87%
Pledged Shares
0
Institutional Holding
0.06%
ROCE (avg)
18.52%
ROE (avg)
13.64%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
1.65
EV to EBIT
9.60
EV to EBITDA
6.55
EV to Capital Employed
1.71
EV to Sales
0.89
PEG Ratio
0.98
Dividend Yield
0.01%
ROCE (Latest)
17.81%
ROE (Latest)
14.12%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
No Trend
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend3What is working for the Company
ROCE(HY)
Highest at 15.08%
RAW MATERIAL COST(Y)
Fallen by -2.78% (YoY
-12What is not working for the Company
INTEREST(HY)
At JPY 71 MM has Grown at 24.56%
CASH AND EQV(HY)
Lowest at JPY 52,804 MM
INVENTORY TURNOVER RATIO(HY)
Lowest at 3.85 times
Here's what is working for Morinaga & Co., Ltd.
Raw Material Cost
Fallen by -2.78% (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 Morinaga & Co., Ltd.
Interest
At JPY 71 MM has Grown at 24.56%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Cash and Eqv
Lowest at JPY 52,804 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Inventory Turnover Ratio
Lowest at 3.85 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
GET THE MARKETSMOJO APP
Company
Stocks
Portfolio
"Investment in securities markets are subject to market risk. Read all the related documents carefully before investing."
