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
3
Negative results in Jun 26
- INTEREST(HY) At JPY 850 MM has Grown at 17.89%
- NET PROFIT(HY) At JPY 11,154.92 MM has Grown at -40.09%
- DEBT-EQUITY RATIO (HY) Highest at 33.8 %
4
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 48.65%, its profits have risen by 98.7% ; the PEG ratio of the company is 0.1
5
Underperformed the market in the last 1 year
- The stock has generated a return of 48.65% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 59.79%
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.
46.45%
-0.75
82.94%
Japan Nikkei 225
60.14%
2.04
29.37%
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
Bearish
Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
Bullish
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend4What is working for the Company
ROCE(HY)
Highest at 8.28%
RAW MATERIAL COST(Y)
Fallen by -1.73% (YoY
DEBTORS TURNOVER RATIO(HY)
Highest at 7.57 times
-11What is not working for the Company
INTEREST(HY)
At JPY 850 MM has Grown at 17.89%
NET PROFIT(HY)
At JPY 11,154.92 MM has Grown at -40.09%
DEBT-EQUITY RATIO
(HY)
Highest at 33.8 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 4.73 times
Here's what is working for Morinaga Milk Industry Co., Ltd.
Debtors Turnover Ratio
Highest at 7.57 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 -1.73% (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 6,413 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 850 MM has Grown at 17.89%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Net Profit
At JPY 11,154.92 MM has Grown at -40.09%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
Debt-Equity Ratio
Highest at 33.8 %
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 4.73 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
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