Morinaga Milk Industry Co., Ltd. Logo

Morinaga Milk Industry Co., Ltd.

2264.T

(2.8)
Stock Price

2.950,00 JPY

2.55% ROA

4.94% ROE

22.54x PER

Market Cap.

306.504.384.900,00 JPY

33.52% DER

2.94% Yield

2.5% NPM

Morinaga Milk Industry Co., Ltd. Stock Analysis

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

The stock has a minimal amount of debt (46%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

2 Assets Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

3 ROE

The stock's ROE falls within an average range (7.81%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

4 ROA

The stock's ROA (3.71%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

5 PBV

The stock's PBV ratio (1.2x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

6 Graham Number

The Graham number analysis indicates that this company's stock price is likely undervalued, raising prospects for a favorable investment opportunity.

7 Dividend Growth

The company's dividend growth has exhibited a remarkable upward trend over the past three years, consistently delivering higher payouts to shareholders.

8 Dividend

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

9 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (173.682), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

10 Revenue Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

11 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

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

Morinaga Milk Industry 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 Milk Industry Co., Ltd. Revenue
Year Revenue Growth
2004 564.666.000.000
2005 552.171.000.000 -2.26%
2006 578.257.000.000 4.51%
2007 586.848.000.000 1.46%
2008 583.910.000.000 -0.5%
2009 585.116.000.000 0.21%
2010 583.019.000.000 -0.36%
2011 578.299.000.000 -0.82%
2012 591.197.000.000 2.18%
2013 599.273.000.000 1.35%
2014 594.834.000.000 -0.75%
2015 601.499.000.000 1.11%
2016 592.617.000.000 -1.5%
2017 592.087.000.000 -0.09%
2018 583.582.000.000 -1.46%
2019 590.892.000.000 1.24%
2020 583.550.000.000 -1.26%
2021 503.354.000.000 -15.93%
2022 525.603.000.000 4.23%
2023 587.368.000.000 10.52%
2023 547.059.000.000 -7.37%
2024 562.548.000.000 2.75%

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 Milk Industry 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 4.915.000.000 100%
2013 4.991.000.000 1.52%
2014 4.958.000.000 -0.67%
2015 4.965.000.000 0.14%
2016 5.362.000.000 7.4%
2017 4.747.000.000 -12.96%
2018 4.648.000.000 -2.13%
2019 4.779.000.000 2.74%
2020 4.779.000.000 0%
2021 5.091.000.000 6.13%
2022 5.558.000.000 8.4%
2023 0 0%
2023 5.956.000.000 100%
2024 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 Milk Industry 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 51.289.000.000 100%
2013 50.926.000.000 -0.71%
2014 51.169.000.000 0.47%
2015 46.859.000.000 -9.2%
2016 52.777.000.000 11.21%
2017 50.432.000.000 -4.65%
2018 55.803.000.000 9.62%
2019 57.395.000.000 2.77%
2020 57.282.000.000 -0.2%
2021 57.090.000.000 -0.34%
2022 58.368.000.000 2.19%
2023 0 0%
2023 59.529.000.000 100%
2024 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 Milk Industry Co., Ltd. EBITDA
Year EBITDA Growth
2004 33.353.000.000
2005 29.048.000.000 -14.82%
2006 30.562.000.000 4.95%
2007 28.158.000.000 -8.54%
2008 29.393.000.000 4.2%
2009 35.717.000.000 17.71%
2010 37.736.000.000 5.35%
2011 32.125.000.000 -17.47%
2012 29.958.000.000 -7.23%
2013 29.523.000.000 -1.47%
2014 25.820.000.000 -14.34%
2015 33.539.000.000 23.01%
2016 40.661.000.000 17.52%
2017 40.869.000.000 0.51%
2018 41.677.000.000 1.94%
2019 45.182.000.000 7.76%
2020 51.739.000.000 12.67%
2021 53.219.000.000 2.78%
2022 47.414.000.000 -12.24%
2023 46.920.000.000 -1.05%
2023 51.504.000.000 8.9%
2024 58.172.000.000 11.46%

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 Milk Industry Co., Ltd. Gross Profit
Year Gross Profit Growth
2004 172.290.000.000
2005 163.165.000.000 -5.59%
2006 170.982.000.000 4.57%
2007 170.487.000.000 -0.29%
2008 170.264.000.000 -0.13%
2009 179.771.000.000 5.29%
2010 184.550.000.000 2.59%
2011 178.519.000.000 -3.38%
2012 178.643.000.000 0.07%
2013 177.429.000.000 -0.68%
2014 172.553.000.000 -2.83%
2015 182.045.000.000 5.21%
2016 193.331.000.000 5.84%
2017 189.948.000.000 -1.78%
2018 185.245.000.000 -2.54%
2019 189.354.000.000 2.17%
2020 190.072.000.000 0.38%
2021 122.277.000.000 -55.44%
2022 118.295.000.000 -3.37%
2023 151.528.000.000 21.93%
2023 131.959.000.000 -14.83%
2024 135.904.000.000 2.9%

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 Milk Industry Co., Ltd. Net Profit
Year Net Profit Growth
2004 7.180.000.000
2005 3.815.000.000 -88.2%
2006 5.329.000.000 28.41%
2007 2.064.000.000 -158.19%
2008 4.254.000.000 51.48%
2009 8.017.000.000 46.94%
2010 6.164.000.000 -30.06%
2011 4.608.000.000 -33.77%
2012 5.016.000.000 8.13%
2013 4.839.000.000 -3.66%
2014 4.164.000.000 -16.21%
2015 10.576.000.000 60.63%
2016 13.202.000.000 19.89%
2017 15.781.000.000 16.34%
2018 14.017.000.000 -12.58%
2019 18.656.000.000 24.87%
2020 18.741.000.000 0.45%
2021 33.782.000.000 44.52%
2022 16.875.000.000 -100.19%
2023 24.928.000.000 32.31%
2023 61.307.000.000 59.34%
2024 21.252.000.000 -188.48%

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 Milk Industry Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2004 141
2005 75 -86.67%
2006 105 28.57%
2007 41 -162.5%
2008 84 52.38%
2009 159 46.84%
2010 123 -29.51%
2011 92 -34.07%
2012 100 9%
2013 98 -2.04%
2014 84 -16.67%
2015 214 60.75%
2016 267 19.85%
2017 319 16.3%
2018 142 -126.24%
2019 189 25%
2020 189 0.53%
2021 344 44.9%
2022 187 -84.41%
2023 0 0%
2023 697 100%
2024 246 -182.93%

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 Milk Industry Co., Ltd. Free Cashflow
Year Free Cashflow Growth
2004 19.650.000.000
2005 17.969.000.000 -9.36%
2006 27.832.000.000 35.44%
2007 18.216.000.000 -52.79%
2008 31.333.000.000 41.86%
2009 29.497.000.000 -6.22%
2010 30.913.000.000 4.58%
2011 23.342.000.000 -32.44%
2012 5.070.000.000 -360.39%
2013 5.600.000.000 9.46%
2014 -11.678.000.000 147.95%
2015 -952.000.000 -1126.68%
2016 15.059.000.000 106.32%
2017 5.331.000.000 -182.48%
2018 -20.741.000.000 125.7%
2019 -3.572.000.000 -480.66%
2020 10.363.000.000 134.47%
2021 21.390.000.000 51.55%
2022 -205.000.000 10534.15%
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 Milk Industry Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
2004 19.650.000.000
2005 17.969.000.000 -9.36%
2006 27.832.000.000 35.44%
2007 18.216.000.000 -52.79%
2008 31.333.000.000 41.86%
2009 29.497.000.000 -6.22%
2010 30.913.000.000 4.58%
2011 23.342.000.000 -32.44%
2012 21.055.000.000 -10.86%
2013 21.946.000.000 4.06%
2014 8.543.000.000 -156.89%
2015 28.223.000.000 69.73%
2016 37.350.000.000 24.44%
2017 25.110.000.000 -48.75%
2018 18.506.000.000 -35.69%
2019 29.209.000.000 36.64%
2020 38.544.000.000 24.22%
2021 40.268.000.000 4.28%
2022 19.382.000.000 -107.76%
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 Milk Industry Co., Ltd. Capital Expenditure
Year Capital Expenditure 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 15.985.000.000 100%
2013 16.346.000.000 2.21%
2014 20.221.000.000 19.16%
2015 29.175.000.000 30.69%
2016 22.291.000.000 -30.88%
2017 19.779.000.000 -12.7%
2018 39.247.000.000 49.6%
2019 32.781.000.000 -19.72%
2020 28.181.000.000 -16.32%
2021 18.878.000.000 -49.28%
2022 19.587.000.000 3.62%
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 Milk Industry Co., Ltd. Equity
Year Equity Growth
2004 97.644.000.000
2005 101.785.000.000 4.07%
2006 101.804.000.000 0.02%
2007 97.747.000.000 -4.15%
2008 97.497.000.000 -0.26%
2009 103.635.000.000 5.92%
2010 110.310.000.000 6.05%
2011 113.935.000.000 3.18%
2012 116.748.000.000 2.41%
2013 120.958.000.000 3.48%
2014 125.285.000.000 3.45%
2015 129.367.000.000 3.16%
2016 142.845.000.000 9.44%
2017 159.101.000.000 10.22%
2018 169.167.000.000 5.95%
2019 183.140.000.000 7.63%
2020 201.917.000.000 9.3%
2021 208.023.000.000 2.94%
2022 227.122.000.000 8.41%
2023 280.722.000.000 19.09%
2023 282.135.000.000 0.5%
2024 282.665.000.000 0.19%

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 Milk Industry Co., Ltd. Assets
Year Assets Growth
2004 312.554.000.000
2005 339.456.000.000 7.93%
2006 342.972.000.000 1.03%
2007 353.474.000.000 2.97%
2008 348.111.000.000 -1.54%
2009 357.880.000.000 2.73%
2010 348.394.000.000 -2.72%
2011 366.190.000.000 4.86%
2012 368.498.000.000 0.63%
2013 360.578.000.000 -2.2%
2014 383.357.000.000 5.94%
2015 378.852.000.000 -1.19%
2016 385.366.000.000 1.69%
2017 416.463.000.000 7.47%
2018 432.256.000.000 3.65%
2019 436.061.000.000 0.87%
2020 452.763.000.000 3.69%
2021 458.788.000.000 1.31%
2022 485.116.000.000 5.43%
2023 571.614.000.000 15.13%
2023 565.998.000.000 -0.99%
2024 546.863.000.000 -3.5%

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 Milk Industry Co., Ltd. Liabilities
Year Liabilities Growth
2004 214.910.000.000
2005 237.671.000.000 9.58%
2006 241.168.000.000 1.45%
2007 255.727.000.000 5.69%
2008 250.614.000.000 -2.04%
2009 254.245.000.000 1.43%
2010 238.084.000.000 -6.79%
2011 252.255.000.000 5.62%
2012 251.750.000.000 -0.2%
2013 239.620.000.000 -5.06%
2014 258.072.000.000 7.15%
2015 249.485.000.000 -3.44%
2016 242.521.000.000 -2.87%
2017 257.362.000.000 5.77%
2018 263.089.000.000 2.18%
2019 252.921.000.000 -4.02%
2020 250.846.000.000 -0.83%
2021 250.765.000.000 -0.03%
2022 257.994.000.000 2.8%
2023 290.892.000.000 11.31%
2023 283.859.000.000 -2.48%
2024 264.196.000.000 -7.44%

Morinaga Milk Industry Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
6346.31
Net Income per Share
158.42
Price to Earning Ratio
22.54x
Price To Sales Ratio
0.56x
POCF Ratio
9
PFCF Ratio
8.95
Price to Book Ratio
1.11
EV to Sales
0.68
EV Over EBITDA
9.49
EV to Operating CashFlow
10.89
EV to FreeCashFlow
10.89
Earnings Yield
0.04
FreeCashFlow Yield
0.11
Market Cap
306,50 Bil.
Enterprise Value
372,96 Bil.
Graham Number
3384.77
Graham NetNet
-1560.28

Income Statement Metrics

Net Income per Share
158.42
Income Quality
0.56
ROE
0.05
Return On Assets
0.03
Return On Capital Employed
0.07
Net Income per EBT
0.64
EBT Per Ebit
0.81
Ebit per Revenue
0.05
Effective Tax Rate
0.36

Margins

Sales, General, & Administrative to Revenue
-0.02
Research & Developement to Revenue
0.01
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.24
Operating Profit Margin
0.05
Pretax Profit Margin
0.04
Net Profit Margin
0.02

Dividends

Dividend Yield
0.03
Dividend Yield %
2.94
Payout Ratio
0
Dividend Per Share
105

Operating Metrics

Operating Cashflow per Share
396.49
Free CashFlow per Share
396.49
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.05
Return on Tangible Assets
0.03
Days Sales Outstanding
53.88
Days Payables Outstanding
60.45
Days of Inventory on Hand
74.19
Receivables Turnover
6.77
Payables Turnover
6.04
Inventory Turnover
4.92
Capex per Share
0

Balance Sheet

Cash per Share
307,90
Book Value per Share
3.273,78
Tangible Book Value per Share
3150.03
Shareholders Equity per Share
3214.24
Interest Debt per Share
1093.63
Debt to Equity
0.34
Debt to Assets
0.17
Net Debt to EBITDA
1.69
Current Ratio
1.23
Tangible Asset Value
271,98 Bil.
Net Current Asset Value
-58,15 Bil.
Invested Capital
320393000000
Working Capital
38,30 Bil.
Intangibles to Total Assets
0.02
Average Receivables
77,76 Bil.
Average Payables
65,71 Bil.
Average Inventory
82323500000
Debt to Market Cap
0.3

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 Milk Industry Co., Ltd. Dividends
Year Dividends Growth
2001 6
2002 6 0%
2003 6 0%
2004 6 0%
2005 6 0%
2006 6 0%
2007 6 0%
2008 6 0%
2009 6 0%
2010 7 14.29%
2011 7 0%
2012 7 0%
2013 7 0%
2014 7 0%
2015 7 0%
2016 7 0%
2017 9 22.22%
2018 5 -80%
2019 55 90.91%
2020 60 8.33%
2021 60 0%
2022 80 25%
2023 90 11.11%
2024 105 14.29%
2025 0 0%

Morinaga Milk Industry Co., Ltd. Profile

About Morinaga Milk Industry Co., Ltd.

Morinaga Milk Industry Co., Ltd., together with its subsidiaries, produces and sells various dairy products in Japan and internationally. The company offers milk, yogurt, cheese, and butter products, as well as chilled desserts, ice creams, infant formulas and baby foods, health foods, and liquid diet and nursing care foods; milk-based drinks, coffee drinks, chilled tea beverages, and various other products; and other products, such as creaming powders, condensed milks, and TOFU products. It also provides infant and toddler milk ingredients, including whey protein concentrate and lactose, as well as lactoferrin. In addition, the company is involved in the processing and packaging products, such as tofu and other soy-based products. Further, it engages in the mail-order sale of health food products; and offers hygiene management equipment. The company was formerly known as Nippon Rennyu Co., Ltd. and changed its name to Morinaga Milk Industry Co., Ltd. in 1949. Morinaga Milk Industry Co., Ltd. was founded in 1917 and is headquartered in Tokyo, Japan.

CEO
Mr. Yohichi Ohnuki
Employee
7.415
Address
Morinaga Plaza Building
Tokyo, 108-8384

Morinaga Milk Industry Co., Ltd. Executives & BODs

Morinaga Milk Industry Co., Ltd. Executives & BODs
# Name Age
1 Mr. Taku Yamada
General Manager of Investor & Public Relations Department - Sustainability Division
70
2 Mr. Kiyoshi Nomura
Executive Managing Officer & GM of Overseas Business
70
3 Mr. Akihiro Nozaki
Executive Managing Officer, GM of Corporate Strategic Planning Division & Director
70
4 Mr. Yasuhiko Yanagida
Executive Managing Officer, GM of Manufacturing Div. & Director
70
5 Mr. Tsuyoshi Minato
Executive Managing Officer & Director
70
6 Hiroko Kuno
Executive Managing Officer & GM of Sustainability Division
70
7 Mr. Hitoshi Hyodo
Executive Managing Officer, GM of Sales & Marketing Div. and Director
70
8 Toshikazu Asakawa
General Manager of Finance & Accounting Department, Strategic Planning Division
70
9 Mr. Teiichiro Okawa
Executive Vice President & Representative Director
70
10 Mr. Yohichi Ohnuki
President & Representative Director
70

Morinaga Milk Industry Co., Ltd. Competitors