Morinaga&Co., Ltd. Logo

Morinaga&Co., Ltd.

2201.T

(2.5)
Stock Price

2.865,50 JPY

6.3% ROA

12.17% ROE

9.12x PER

Market Cap.

244.005.054.085,00 JPY

14.89% DER

3.76% Yield

7.22% NPM

Morinaga&Co., Ltd. Stock Analysis

Morinaga&Co., Ltd. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Morinaga&Co., Ltd. Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a low debt to equity ratio (23%), which means it has a small amount of debt compared to the ownership it holds

2 Assets Growth

This company's revenue has experienced steady growth over the last five years, indicating a reliable and prosperous financial trajectory.

3 ROE

ROE in an average range (8.01%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (5%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

5 PBV

The stock's PBV ratio (2.17x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

6 Dividend Growth

The company's dividend growth has shown a positive trajectory over the past three years, consistently increasing year after year, indicating a favorable trend for potential investors.

7 Dividend

The company's track record of consistently paying dividends in the last three years highlights its dedication to providing investors with regular income.

8 Buffet Intrinsic Value

The company's stock seems undervalued (133.173) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

9 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

10 Net Profit Growth

Over the past five years, this company's net profit has failed to exhibit any growth, indicating a stagnant financial performance and making it a less favorable choice for potential investors.

11 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

Morinaga&Co., Ltd. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Morinaga&Co., Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Sell
3 RSI Hold
4 Stoch RSI Hold

Morinaga&Co., Ltd. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Morinaga&Co., Ltd. Revenue
Year Revenue Growth
2004 176.478.000.000
2005 170.920.000.000 -3.25%
2006 167.235.000.000 -2.2%
2007 170.786.000.000 2.08%
2008 167.141.000.000 -2.18%
2009 160.878.000.000 -3.89%
2010 157.336.000.000 -2.25%
2011 147.190.000.000 -6.89%
2012 152.885.000.000 3.73%
2013 164.603.000.000 7.12%
2014 177.929.000.000 7.49%
2015 181.868.000.000 2.17%
2016 199.479.000.000 8.83%
2017 205.022.000.000 2.7%
2018 205.368.000.000 0.17%
2019 208.878.000.000 1.68%
2020 199.990.000.000 -4.44%
2021 181.251.000.000 -10.34%
2022 194.373.000.000 6.75%
2023 234.064.000.000 16.96%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Morinaga&Co., Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 2.194.000.000 100%
2019 2.240.000.000 2.05%
2020 2.217.000.000 -1.04%
2021 2.686.000.000 17.46%
2022 2.892.000.000 7.12%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Morinaga&Co., Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 26.402.000.000 100%
2019 27.043.000.000 2.37%
2020 26.440.000.000 -2.28%
2021 27.898.000.000 5.23%
2022 29.012.000.000 3.84%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Morinaga&Co., Ltd. EBITDA
Year EBITDA Growth
2004 12.550.000.000
2005 13.484.000.000 6.93%
2006 10.801.000.000 -24.84%
2007 10.332.000.000 -4.54%
2008 9.595.000.000 -7.68%
2009 11.699.000.000 17.98%
2010 12.668.000.000 7.65%
2011 9.020.000.000 -40.44%
2012 9.014.000.000 -0.07%
2013 11.548.000.000 21.94%
2014 13.487.000.000 14.38%
2015 18.545.000.000 27.27%
2016 24.423.000.000 24.07%
2017 26.439.000.000 7.63%
2018 26.749.000.000 1.16%
2019 28.342.000.000 5.62%
2020 27.805.000.000 -1.93%
2021 28.523.000.000 2.52%
2022 26.084.000.000 -9.35%
2023 33.800.000.000 22.83%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Morinaga&Co., Ltd. Gross Profit
Year Gross Profit Growth
2004 87.883.000.000
2005 84.054.000.000 -4.56%
2006 80.316.000.000 -4.65%
2007 80.240.000.000 -0.09%
2008 76.775.000.000 -4.51%
2009 75.830.000.000 -1.25%
2010 75.779.000.000 -0.07%
2011 71.062.000.000 -6.64%
2012 74.499.000.000 4.61%
2013 77.809.000.000 4.25%
2014 81.141.000.000 4.11%
2015 87.599.000.000 7.37%
2016 100.354.000.000 12.71%
2017 104.587.000.000 4.05%
2018 106.515.000.000 1.81%
2019 110.131.000.000 3.28%
2020 105.647.000.000 -4.24%
2021 75.826.000.000 -39.33%
2022 76.652.000.000 1.08%
2023 99.392.000.000 22.88%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Morinaga&Co., Ltd. Net Profit
Year Net Profit Growth
2004 3.984.000.000
2005 -2.818.000.000 241.38%
2006 3.235.000.000 187.11%
2007 2.365.000.000 -36.79%
2008 865.000.000 -173.41%
2009 3.466.000.000 75.04%
2010 2.449.000.000 -41.53%
2011 1.081.000.000 -126.55%
2012 1.419.000.000 23.82%
2013 8.090.000.000 82.46%
2014 3.806.000.000 -112.56%
2015 8.092.000.000 52.97%
2016 11.115.000.000 27.2%
2017 10.289.000.000 -8.03%
2018 12.816.000.000 19.72%
2019 10.824.000.000 -18.4%
2020 13.405.000.000 19.25%
2021 27.773.000.000 51.73%
2022 10.059.000.000 -176.1%
2023 23.752.000.000 57.65%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Morinaga&Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2004 74
2005 -52 240.38%
2006 60 188.14%
2007 45 -34.09%
2008 16 -175%
2009 66 75.76%
2010 47 -43.48%
2011 21 -130%
2012 27 25.93%
2013 155 82.58%
2014 73 -112.33%
2015 155 52.9%
2016 214 27.23%
2017 198 -8.12%
2018 247 20.24%
2019 215 -14.88%
2020 267 19.17%
2021 553 51.81%
2022 209 -165.38%
2023 0 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Morinaga&Co., Ltd. Free Cashflow
Year Free Cashflow Growth
2004 1.974.000.000
2005 3.520.000.000 43.92%
2006 1.950.000.000 -80.51%
2007 -7.234.000.000 126.96%
2008 3.764.000.000 292.19%
2009 8.800.000.000 57.23%
2010 4.215.000.000 -108.78%
2011 -2.807.000.000 250.16%
2012 -3.732.000.000 24.79%
2013 -7.140.000.000 47.73%
2014 7.999.000.000 189.26%
2015 12.209.000.000 34.48%
2016 15.321.000.000 20.31%
2017 11.942.000.000 -28.3%
2018 14.322.000.000 16.62%
2019 6.537.000.000 -119.09%
2020 -7.747.000.000 184.38%
2021 9.503.000.000 181.52%
2022 -16.552.000.000 157.41%
2023 0 0%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Morinaga&Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
2004 7.512.000.000
2005 9.035.000.000 16.86%
2006 8.064.000.000 -12.04%
2007 6.590.000.000 -22.37%
2008 8.391.000.000 21.46%
2009 11.952.000.000 29.79%
2010 8.166.000.000 -46.36%
2011 4.879.000.000 -67.37%
2012 5.565.000.000 12.33%
2013 7.684.000.000 27.58%
2014 11.182.000.000 31.28%
2015 16.715.000.000 33.1%
2016 18.400.000.000 9.16%
2017 17.788.000.000 -3.44%
2018 20.897.000.000 14.88%
2019 20.994.000.000 0.46%
2020 12.127.000.000 -73.12%
2021 24.825.000.000 51.15%
2022 -2.966.000.000 936.99%
2023 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Morinaga&Co., Ltd. Capital Expenditure
Year Capital Expenditure Growth
2004 5.538.000.000
2005 5.515.000.000 -0.42%
2006 6.114.000.000 9.8%
2007 13.824.000.000 55.77%
2008 4.627.000.000 -198.77%
2009 3.152.000.000 -46.8%
2010 3.951.000.000 20.22%
2011 7.686.000.000 48.59%
2012 9.297.000.000 17.33%
2013 14.824.000.000 37.28%
2014 3.183.000.000 -365.72%
2015 4.506.000.000 29.36%
2016 3.079.000.000 -46.35%
2017 5.846.000.000 47.33%
2018 6.575.000.000 11.09%
2019 14.457.000.000 54.52%
2020 19.874.000.000 27.26%
2021 15.322.000.000 -29.71%
2022 13.586.000.000 -12.78%
2023 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Morinaga&Co., Ltd. Equity
Year Equity Growth
2004 57.569.000.000
2005 54.927.000.000 -4.81%
2006 58.460.000.000 6.04%
2007 51.489.000.000 -13.54%
2008 49.255.000.000 -4.54%
2009 52.080.000.000 5.42%
2010 51.355.000.000 -1.41%
2011 52.383.000.000 1.96%
2012 52.573.000.000 0.36%
2013 59.945.000.000 12.3%
2014 66.324.000.000 9.62%
2015 74.556.000.000 11.04%
2016 89.159.000.000 16.38%
2017 100.329.000.000 11.13%
2018 97.190.000.000 -3.23%
2019 105.485.000.000 7.86%
2020 123.920.000.000 14.88%
2021 131.172.000.000 5.53%
2022 125.853.000.000 -4.23%
2023 129.003.000.000 2.44%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Morinaga&Co., Ltd. Assets
Year Assets Growth
2004 138.028.000.000
2005 131.404.000.000 -5.04%
2006 135.905.000.000 3.31%
2007 135.909.000.000 0%
2008 128.604.000.000 -5.68%
2009 128.547.000.000 -0.04%
2010 127.045.000.000 -1.18%
2011 128.845.000.000 1.4%
2012 141.154.000.000 8.72%
2013 144.441.000.000 2.28%
2014 152.855.000.000 5.5%
2015 164.978.000.000 7.35%
2016 185.032.000.000 10.84%
2017 179.782.000.000 -2.92%
2018 175.837.000.000 -2.24%
2019 188.060.000.000 6.5%
2020 201.915.000.000 6.86%
2021 214.300.000.000 5.78%
2022 205.226.000.000 -4.42%
2023 219.527.000.000 6.51%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Morinaga&Co., Ltd. Liabilities
Year Liabilities Growth
2004 79.832.000.000
2005 75.772.000.000 -5.36%
2006 76.721.000.000 1.24%
2007 83.760.000.000 8.4%
2008 78.878.000.000 -6.19%
2009 75.962.000.000 -3.84%
2010 75.200.000.000 -1.01%
2011 76.072.000.000 1.15%
2012 88.176.000.000 13.73%
2013 81.850.000.000 -7.73%
2014 83.464.000.000 1.93%
2015 87.757.000.000 4.89%
2016 93.272.000.000 5.91%
2017 79.453.000.000 -17.39%
2018 78.647.000.000 -1.02%
2019 82.575.000.000 4.76%
2020 77.995.000.000 -5.87%
2021 83.128.000.000 6.17%
2022 79.373.000.000 -4.73%
2023 90.524.000.000 12.32%

Morinaga&Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
4362.02
Net Income per Share
291.48
Price to Earning Ratio
9.12x
Price To Sales Ratio
1.19x
POCF Ratio
0
PFCF Ratio
0
Price to Book Ratio
0.98
EV to Sales
1.11
EV Over EBITDA
11.54
EV to Operating CashFlow
0
EV to FreeCashFlow
0
Earnings Yield
0.11
FreeCashFlow Yield
0
Market Cap
244,01 Bil.
Enterprise Value
228,70 Bil.
Graham Number
4214.73
Graham NetNet
-215.03

Income Statement Metrics

Net Income per Share
291.48
Income Quality
0
ROE
0.11
Return On Assets
0.07
Return On Capital Employed
0.14
Net Income per EBT
0.73
EBT Per Ebit
0.98
Ebit per Revenue
0.1
Effective Tax Rate
0.26

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.4
Operating Profit Margin
0.1
Pretax Profit Margin
0.1
Net Profit Margin
0.07

Dividends

Dividend Yield
0.04
Dividend Yield %
3.76
Payout Ratio
0
Dividend Per Share
100

Operating Metrics

Operating Cashflow per Share
0
Free CashFlow per Share
0
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.1
Return on Tangible Assets
0.06
Days Sales Outstanding
62.91
Days Payables Outstanding
81.53
Days of Inventory on Hand
91.65
Receivables Turnover
5.8
Payables Turnover
4.48
Inventory Turnover
3.98
Capex per Share
0

Balance Sheet

Cash per Share
812,83
Book Value per Share
2.708,65
Tangible Book Value per Share
2704.68
Shareholders Equity per Share
2708.65
Interest Debt per Share
405.14
Debt to Equity
0.15
Debt to Assets
0.09
Net Debt to EBITDA
-0.77
Current Ratio
1.79
Tangible Asset Value
127,45 Bil.
Net Current Asset Value
20,95 Bil.
Invested Capital
0.15
Working Capital
49,27 Bil.
Intangibles to Total Assets
0.01
Average Receivables
32,18 Bil.
Average Payables
26,10 Bil.
Average Inventory
31925000000
Debt to Market Cap
0.08

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Morinaga&Co., Ltd. Dividends
Year Dividends Growth
2001 5
2002 5 0%
2003 5 0%
2004 5 0%
2005 5 0%
2006 5 0%
2007 6 16.67%
2008 6 0%
2009 6 0%
2010 6 0%
2011 6 0%
2012 6 0%
2013 6 0%
2014 6 0%
2015 6 0%
2016 7 14.29%
2017 45 84.44%
2018 50 10%
2019 66 24.24%
2020 72 8.33%
2021 72 0%
2022 80 10%
2023 100 20%
2024 0 0%

Morinaga&Co., Ltd. Profile

About Morinaga&Co., Ltd.

Morinaga&Co., Ltd. manufactures, purchases, and sells confectionaries, food stuffs, frozen desserts, and health products in Japan and internationally. It offers confectionary products, including caramels, biscuits, chocolates, etc.; food products comprising cocoa, cake mix, etc.; frozen desserts, such as ice cream, etc.; and health products, including jelly drinks, etc. The company also provides health foods and beverages through mail services. It offers its products under the Morinaga Milk Caramel, Morinaga Milk Cocoa, Morinaga Ramune, Ottotto, Morinaga Biscuits, Chocoball, Amazake, Carré de chocolat, DARS, HI-CHEW, Morinaga Cocoa, Choco Monaka Jumbo, Vanilla Monaka Jumbo, Pari Pari Bar, Ita Choco Ice, ICEBOX, Morinaga Aojiru, Morinaga Collagen Drink, in BAR, and in Jelly brands. The company was founded in 1899 and is headquartered in Tokyo, Japan.

CEO
Mr. Eijiro Ota
Employee
3.076
Address
5-33-1 Shiba
Tokyo, 108-8403

Morinaga&Co., Ltd. Executives & BODs

Morinaga&Co., Ltd. Executives & BODs
# Name Age
1 Ms. Machiko Miyai
Managing Executive Officer & Director
70
2 Minoru Sato
GM of Health Marketing Department & Marketing Division and Operating Officer
70
3 Masaaki Takahashi
Senior Executive Officer & Human Resources Manager
70
4 Mr. Daisuke Fujii
Managing Executive Officer & Director
70
5 Mr. Shinya Mori
Managing Executive Officer & Director
70
6 Mr. Eijiro Ota
President & Representative Director
70
7 Tetsuya Takagi
Chief Financial Officer, Senior Executive Officer & Director
70
8 Mr. Takashi Hirakue
Senior Executive Officer & Director
70
9 Minoru Takizawa
Operating Officer & GM of Sales Headquarters
70
10 Fumiko Kunichika
Executive Officer & Head of Corporate Communication
70

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