Valuation Kikkoman Corporation

Equities

Delayed Japan Exchange Other stock markets 10:50:44 15/01/2026 am IST			5-day change	1st Jan Change
1,411.50 ^JPY	+0.79%		+0.57%	-0.67%

01/12	Tranche Update on Kikkoman Corporation's Equity Buyback Plan announced on April 28, 2025.	CI
28/11	Kikkoman Corporation's Equity Buyback announced on April 28, 2025, has closed with 15,366,200 shares, representing 1.64% for ¥19,999.91 million.	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	12,65,098	15,57,844	12,90,563	18,73,442	13,58,196	12,97,619	-	-
Change	-	23.14%	-17.16%	45.16%	-27.5%	-4.46%	-	-
Enterprise Value (EV) ¹	12,42,329	15,19,533	12,42,199	18,14,193	12,70,254	12,46,988	12,56,077	12,70,167
Change	-	22.31%	-18.25%	46.05%	-29.98%	-1.83%	0.73%	1.12%
P/E ratio	43.9x	40.1x	29.5x	33.3x	22.2x	21.6x	20.9x	19.9x
PBR	4.13x	4.35x	3.14x	3.81x	2.67x	2.5x	2.4x	2.31x
PEG	-	1.1x	2.4x	1.1x	2.27x	-167.08x	6.23x	3.97x
Capitalization / Revenue	2.7x	3.02x	2.09x	2.83x	1.92x	1.77x	1.68x	1.61x
EV / Revenue	2.65x	2.94x	2.01x	2.75x	1.79x	1.7x	1.63x	1.58x
EV / EBITDA	20.6x	21.5x	16x	20x	12.2x	11.9x	11.2x	10.9x
EV / EBIT	29.2x	30x	22.4x	27.2x	17.2x	16.4x	15.9x	15.5x
EV / FCF	35.1x	42.2x	38.1x	48.6x	46.8x	60.3x	30.8x	23.9x
FCF Yield	2.85%	2.37%	2.62%	2.06%	2.14%	1.66%	3.24%	4.18%
Dividend per Share ²	9	12.2	15.6	20.8	25	25.03	25.72	26.82
Rate of return	0.68%	0.75%	1.16%	1.06%	1.73%	1.79%	1.84%	1.91%
EPS ²	30.03	40.59	45.67	59.19	64.99	64.91	67.08	70.45
Distribution rate	30%	30.1%	34.2%	35.1%	38.5%	38.6%	38.3%	38.1%
Net sales ¹	4,68,119	5,16,440	6,18,899	6,60,835	7,08,979	7,33,858	7,71,462	8,06,180
EBITDA ¹	60,308	70,712	77,610	90,753	1,04,192	1,04,874	1,12,291	1,16,939
EBIT ¹	42,613	50,682	55,370	66,733	73,698	76,183	78,823	82,037
Net income ¹	28,828	38,903	43,733	56,441	61,695	60,658	61,960	63,969
Net Debt ¹	-22,769	-38,311	-48,364	-59,249	-87,942	-50,631	-41,542	-27,451
Reference price ²	1,318.00	1,626.00	1,348.00	1,969.00	1,441.00	1,400.50	1,400.50	1,400.50
Nbr of stocks (in thousands)	9,59,862	9,58,084	9,57,391	9,51,469	9,42,537	9,26,540	-	-
Announcement Date	27/04/21	27/04/22	27/04/23	26/04/24	28/04/25	-	-	-

¹JPY in Million²JPY

Estimates

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.($)
KIKKOMAN CORPORATION	21.55x	1.7x	11.87x	1.79%	820.04Cr
FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD.	31.12x	6.61x	21.82x	2.4%	3.13TCr
INTERNATIONAL FLAVORS & FRAGRANCES INC.	-63.98x	2.15x	11.18x	2.3%	1.8TCr
ANGEL YEAST CO., LTD	24.39x	2.56x	15.18x	1.43%	543.65Cr
THE MARZETTI COMPANY	23.74x	-	-	2.37%	467.43Cr
MEIHUA HOLDINGS GROUP CO.,LTD	8.3x	1.01x	4.97x	6.3%	408.59Cr
KEWPIE CORPORATION	19.41x	0.98x	9.57x	1.53%	351.97Cr
FUFENG GROUP LIMITED	6.4x	0.54x	3.36x	7.03%	263.35Cr
TATE & LYLE PLC	13.53x	1.25x	6.11x	5.33%	220.28Cr
Average	9.38x	2.10x	10.51x	3.39%	889.48Cr
Weighted average by Cap.	4.92x	3.79x	15.13x	2.64%