Obermatt

Kikkoman

TYO:2801 · JP3240400006
Food ProductsX-Large

360

63
EV / EBIT13
Price / Owner Earnings19
Owner Earnings Yield32
Dividend Yield49
Price/Sales15
EV / Gross Profit42
Price/Book18
Return on Capital69
Cash Return on Capital51
Return on Equity53
EBIT Margin56
Gross Profitability83
Cash Conversion34
Accruals40
Owner Earnings Margin47
Sales growth95
Profit Growth53
Long-Term EPS Growth73
Reinvestment56
Price momentum77
Debt load82
Refinancing31
Debt Payback100
Liquidity62
Analyst ratings30
Opinion Changes50
Price Target Upside18
Market mood56
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Kikkoman clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryJapan
IndustryFood Products
SizeX-Large
TypePublic Company
ExchangeTSE
Founded1924
Employees82
ISINJP3240400006
Last UpdateApr 2, 2026
Themes
Fast-Moving Consumer Goods

Description

Kikkoman Corporation (Kikkoman), through its subsidiaries, manufactures and sells food products. The company operates primarily within the food industry, focusing on the production and distribution of soy sauce and other related products. In addition…

Analysis

Hope premium

Kikkoman Corporation carries what we call a hope premium: an average business trading at an ambitious price.

The price is expensive. You pay 44.2× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 17% yearly growth; analysts expect 9%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is solid and the balance sheet is sturdy. The company scores 13/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
46
2023202420252026

All-time high

93

Jan 2023

All-time low

19

Jan 2025

Average rank

57

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
15
11
5
9
Price/Earnings
33
13
5
5
Price/Book
18
13
7
5
Dividend Yield
49
14
14
14
Value (overall)
5
5
1
3

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →