ScoreWhy is Morinaga Milk Industry Co., Ltd. ?
1
The company is Net-Debt Free
- Poor long term growth as Net Sales has grown by an annual rate of -0.57% over the last 5 years
- The company is Net-Debt Free
2
Poor long term growth as Net Sales has grown by an annual rate of -0.57% over the last 5 years
- INTEREST(HY) At JPY 924 MM has Grown at 23.69%
- INTEREST COVERAGE RATIO(Q) Lowest at 2,200.66
- DEBT-EQUITY RATIO (HY) Highest at 35.16 %
3
With ROCE of 9.96%, it has a expensive valuation with a 1.41 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 47.54%, its profits have risen by 98.7% ; the PEG ratio of the company is 0.1
4
Underperformed the market in the last 1 year
- The stock has generated a return of 47.54% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 61.01%
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Morinaga Milk Industry Co., Ltd. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Morinaga Milk Industry Co., Ltd.
48.65%
-0.76
82.96%
Japan Nikkei 225
59.79%
2.06
29.57%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
-0.57%
EBIT Growth (5y)
5.28%
EBIT to Interest (avg)
27.38
Debt to EBITDA (avg)
1.37
Net Debt to Equity (avg)
0.27
Sales to Capital Employed (avg)
1.47
Tax Ratio
29.33%
Dividend Payout Ratio
36.23%
Pledged Shares
0
Institutional Holding
0.05%
ROCE (avg)
9.13%
ROE (avg)
14.24%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
1.53
EV to EBIT
14.16
EV to EBITDA
8.46
EV to Capital Employed
1.41
EV to Sales
0.87
PEG Ratio
0.12
Dividend Yield
NA
ROCE (Latest)
9.96%
ROE (Latest)
12.86%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
Bullish
OBV
Mildly Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend3What is working for the Company
DIVIDEND PAYOUT RATIO(Y)
Highest at 669.39%
RAW MATERIAL COST(Y)
Fallen by -2.03% (YoY
DEBTORS TURNOVER RATIO(HY)
Highest at 8.17 times
-22What is not working for the Company
INTEREST(HY)
At JPY 924 MM has Grown at 23.69%
INTEREST COVERAGE RATIO(Q)
Lowest at 2,200.66
DEBT-EQUITY RATIO
(HY)
Highest at 35.16 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 4.76 times
DIVIDEND PER SHARE(HY)
Lowest at JPY 8.17
OPERATING PROFIT MARGIN(Q)
Lowest at 7.51 %
PRE-TAX PROFIT(Q)
Lowest at JPY 4,360 MM
NET PROFIT(Q)
Lowest at JPY 4,015.8 MM
Here's what is working for Morinaga Milk Industry Co., Ltd.
Debtors Turnover Ratio
Highest at 8.17 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Dividend Payout Ratio
Highest at 669.39%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Raw Material Cost
Fallen by -2.03% (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 6,237 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 Morinaga Milk Industry Co., Ltd.
Interest
At JPY 924 MM has Grown at 23.69%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Pre-Tax Profit
At JPY 4,360 MM has Fallen at -70.02%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (JPY MM)
Net Profit
At JPY 4,015.8 MM has Fallen at -67.42%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very negative
Net Profit (JPY MM)
Interest Coverage Ratio
Lowest at 2,200.66
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Operating Profit Margin
Lowest at 7.51 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Pre-Tax Profit
Lowest at JPY 4,360 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (JPY MM)
Net Profit
Lowest at JPY 4,015.8 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
Debt-Equity Ratio
Highest at 35.16 %
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
Inventory Turnover Ratio
Lowest at 4.76 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Dividend per share
Lowest at JPY 8.17
in the last five yearsMOJO Watch
Company is distributing lower dividend than previous years
DPS (JPY)
Non Operating Income
Highest at JPY 1.3 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income
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