Valuation Ajinomoto Co., Inc.

Equities

2802

JP3119600009

Food Processing

Market Closed - Japan Exchange Other stock markets 12:00:00 23/01/2026 pm IST			5-day change	1st Jan Change
3,553.00 ^JPY	-2.92%		+3.16%	+7.11%

20/01	Japanese Food & Beverages Stocks Jump on Consumption Tax Break Announcement	DJ
19/01	Japan's Nikkei slumps as yen rallies, machine orders fall; Greenland woes weigh	RE

Company Valuation: Ajinomoto Co., Inc.

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	12,42,629	18,64,153	24,37,918	29,13,996	29,09,419	34,25,213	-	-
Change	-	50.02%	30.78%	19.53%	-0.16%	17.73%	-	-
Enterprise Value (EV) ¹	14,11,444	20,26,607	25,68,507	31,84,953	31,99,996	37,72,440	38,00,583	38,16,279
Change	-	43.58%	26.74%	24%	0.47%	17.89%	0.75%	0.41%
P/E ratio	20.9x	24.9x	26.2x	33.8x	42.4x	28.3x	25.2x	21.9x
PBR	2x	2.71x	3.17x	3.56x	3.94x	4.96x	4.94x	4.85x
PEG	-	0.9x	1x	-6.97x	-2.5x	0.4x	2x	1.5x
Capitalization / Revenue	1.16x	1.62x	1.79x	2.02x	1.9x	2.19x	2.07x	1.97x
EV / Revenue	1.32x	1.76x	1.89x	2.21x	2.09x	2.41x	2.3x	2.19x
EV / EBITDA	8.6x	10.9x	12.7x	14.4x	13x	14x	12.9x	11.8x
EV / EBIT	12.6x	16.9x	19.6x	22.3x	20.1x	20.9x	19x	17.2x
EV / FCF	14.2x	24.1x	29.3x	89.4x	24.1x	26.3x	26x	22.4x
FCF Yield	7.04%	4.15%	3.41%	1.12%	4.14%	3.81%	3.84%	4.46%
Dividend per Share ²	21	26	34	37	40	48.44	56.43	63.76
Rate of return	1.85%	1.5%	1.48%	1.31%	1.35%	1.36%	1.59%	1.79%
EPS ²	54.18	69.71	87.98	83.72	69.77	125.7	141.2	162.2
Distribution rate	38.8%	37.3%	38.6%	44.2%	57.3%	38.5%	40%	39.3%
Net sales ¹	10,71,453	11,49,370	13,59,115	14,39,231	15,30,556	15,66,286	16,53,323	17,42,987
EBITDA ¹	1,64,166	1,86,165	2,02,835	2,21,250	2,45,763	2,69,905	2,94,521	3,22,734
EBIT ¹	1,11,820	1,19,931	1,31,015	1,42,952	1,59,302	1,80,291	1,99,833	2,22,009
Net income ¹	59,416	75,725	94,065	87,121	70,272	1,19,051	1,31,634	1,47,890
Net Debt ¹	1,68,815	1,62,454	1,30,589	2,70,957	2,90,577	3,47,227	3,75,371	3,91,066
Reference price ²	1,132.75	1,737.50	2,303.00	2,830.00	2,958.50	3,553.00	3,553.00	3,553.00
Nbr of stocks (in thousands)	10,97,002	10,72,894	10,58,584	10,29,681	9,83,410	9,64,034	-	-
Announcement Date	10/05/21	11/05/22	11/05/23	09/05/24	08/05/25	-	-	-

¹JPY in Million²JPY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
AJINOMOTO CO., INC.	29.12x	2.47x	14.36x	1.32%	2.23TCr
MONDELEZ INTERNATIONAL, INC.	25.24x	2.44x	14.27x	3.37%	7.43TCr
DANONE	19.63x	1.89x	10.88x	3.27%	5.13TCr
THE HERSHEY COMPANY	39.38x	3.73x	18.4x	2.86%	3.87TCr
ARCHER-DANIELS-MIDLAND COMPANY	30.99x	0.48x	11.63x	3.05%	3.23TCr
NESTLÉ INDIA LIMITED	78.49x	11.41x	49.25x	1.02%	2.75TCr
KRAFT HEINZ	-5.29x	1.82x	7.89x	7.04%	2.69TCr
GENERAL MILLS, INC.	9.28x	1.98x	10.36x	5.49%	2.37TCr
YIHAI KERRY ARAWANA HOLDINGS CO., LTD	42.04x	0.77x	20.85x	0.52%	2.3TCr
Average	29.88x	3.00x	17.54x	3.11%	3.56TCr
Weighted average by Cap.	28.93x	2.88x	16.62x	3.18%