Kikkoman Corp
TSE:2801

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Kikkoman Corp
TSE:2801
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Price: 1 434 JPY 0.53% Market Closed
Market Cap: ¥1.4T

EV/IC

2.3
Current
22%
Cheaper
vs 3-y average of 2.9

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.3
=
Enterprise Value
¥1.2T
/
Invested Capital
¥544.7B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.3
=
Enterprise Value
¥1.2T
/
Invested Capital
¥544.7B

Valuation Scenarios

Kikkoman Corp is trading below its 3-year average

If EV/IC returns to its 3-Year Average (2.9), the stock would be worth ¥1 839.49 (28% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-61%
Maximum Upside
+28%
Average Downside
23%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2.3 ¥1 434
0%
3-Year Average 2.9 ¥1 839.49
+28%
5-Year Average 2.3 ¥1 432.49
0%
Industry Average 0.9 ¥563.97
-61%
Country Average 1 ¥604.06
-58%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
JP
Kikkoman Corp
TSE:2801
1.3T JPY 2.3 21.6
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 27 042.7 540 752.8
CH
Nestle SA
SIX:NESN
203.3B CHF 2.4 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.7B USD 1.6 32.1
FR
Danone SA
PAR:BN
42.7B EUR 1.5 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.6B ZAR 2.7 12.5
US
Hershey Co
NYSE:HSY
37B USD 3.5 41.9
CN
Muyuan Foods Co Ltd
SZSE:002714
244.2B CNY 2 25
ZA
Avi Ltd
JSE:AVI
33.1B ZAR 3.9 12.8
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
225.7B CNY 13 32.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.2B CHF 3 31.9

Market Distribution

Higher than 81% of companies in Japan
Percentile
81th
Based on 5 142 companies
81th percentile
2.3
Low
0 — 0.7
Typical Range
0.7 — 1.5
High
1.5 —
Distribution Statistics
Japan
Min 0
30th Percentile 0.7
Median 1
70th Percentile 1.5
Max 23 050 349

Kikkoman Corp
Glance View

In the bustling corridors of Japan's food industry, Kikkoman Corporation stands as a venerable name with a rich history stretching back to the 17th century. Originally a family-run enterprise in Noda, the company blossomed into a global icon, celebrated primarily for its signature soy sauce. Soy sauce, as simple as it sounds, is more than just a condiment in Kikkoman's hands. It's crafted meticulously using time-tested fermentation techniques that balance soybeans, wheat, salt, and water, harmonizing these ingredients over several months to produce its inimitable flavor profile. This artisanal attention to detail has catapulted Kikkoman to the forefront of global soy sauce production, offering their product not just to households but integrally into the food service and culinary arts sectors worldwide. Yet, Kikkoman's strategic vision extends beyond its stalwart soy sauce production. The company has diversified its portfolio, integrating operations across various segments, including food seasonings and processed foods, beverages, and health and wellness products. Kikkoman adeptly employs a model that marries tradition with innovation, leveraging their extensive distribution networks to introduce an array of sauces, dipping condiments, and even alcoholic beverages like sake, into diverse markets across Asia, North America, and Europe. The company’s operations are underscored by its commitment to sustainability and quality, which resonate well with conscientious consumers, ensuring that Kikkoman's brand remains synonymous with trust and authenticity worldwide. As a result, the company continues to enjoy robust revenue streams, skillfully navigating cultural gastronomic trends while perpetually setting the bar in culinary innovation.

Intrinsic Value
1 300.6 JPY
Overvaluation 9%
Intrinsic Value
Price ¥1 434
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