AJI.HA Ajinomoto Co. Inc.
- Market cap
- EUR 14.3B
- P/E
- 34.7x
- P/B
- 6.29x
- ROE
- 17.5%
- Dividend yield
- -
- Fundamental score
- 2.1/5
Ratios use the latest price and the fiscal year ending Mar 2026.
Is AJI.HA undervalued?
Graham numberThe Graham number of Ajinomoto Co. Inc. cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Ajinomoto Co. Inc. fundamental analysis
11 of 22 checks passedROE 1/2
Moderate return on equity (17.5%), between 10% and 20%.
ROA 1/1
Return on assets (7.4%) is above the industry median (4.9%).
Profit Consistency 2/2
Profitable for 8 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (98.8%) is above the 5-year average (5.3% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (98.8%) is above the industry median (17.2%).
Revenue Growth 1/2
Revenue grew 5.2% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 1/2
Moderate debt to equity (49.4%), up to 100%.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 1/1
EBIT is 16.9x against interest expense, well covered.
PE vs Market 0/1
PE (34.7x) is above the market median (19.6x).
PE vs Industry 0/1
PE (34.7x) is above the industry median (21.4x).
PBV 0/1
Price to book (6.3x) is above the industry median (2.6x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 218.4, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 6.50, above 1.
Dividend Yield 0/2
No dividend paid in the last reported year.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 0/1
No dividend, or no profit to pay it from.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Ajinomoto Co. Inc. stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
Ajinomoto Co. Inc. financial statements
Ajinomoto Co. Inc. annual financial statements (JPY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 1.13T | 1.10T | 1.07T | 1.15T | 1.36T | 1.44T | 1.53T | 1.58T |
| Gross Profit | 396B | 404B | 406B | 426B | 470B | 511B | 551B | 597B |
| Operating Income | 53.7B | 51.2B | 99.8B | 124B | 145B | 142B | 108B | 191B |
| EBITDA | 114B | 119B | 168B | 198B | 227B | 233B | 209B | 208B |
| Net Income | 29.7B | 18.8B | 59.4B | 75.7B | 94.1B | 87.1B | 70.3B | 135B |
| EPS | 54 | 34 | 108 | 71 | 89 | 85 | 71 | 141 |
| Balance Sheet | ||||||||
| Total Assets | 1.39T | 1.35T | 1.43T | 1.46T | 1.51T | 1.77T | 1.72T | 1.81T |
| Total Liabilities | 708B | 762B | 763B | 717B | 689B | 884B | 908B | 968B |
| Shareholders' Equity | 611B | 539B | 620B | 687B | 769B | 815B | 747B | 771B |
| Cash & Short-term Investments | 154B | 142B | 182B | 151B | 133B | 172B | 165B | 107B |
| Cash Flow | ||||||||
| Operating Cash Flow | 123B | 115B | 166B | 146B | 118B | 168B | 210B | - |
| Capital Expenditure | 80.0B | 82.0B | 86.0B | 80.7B | 73.0B | 72.0B | 95.1B | 0.00 |
| Free Cash Flow | 43.2B | 32.8B | 79.6B | 64.9B | 44.6B | 96.1B | 115B | - |
| Ratios | ||||||||
| ROE | 4.9% | 3.5% | 9.6% | 11.0% | 12.2% | 10.7% | 9.4% | 17.5% |
| ROA | 2.1% | 1.4% | 4.2% | 5.2% | 6.2% | 4.9% | 4.1% | 7.4% |
| Net Profit Margin | 2.6% | 1.7% | 5.5% | 6.6% | 6.9% | 6.1% | 4.6% | 8.5% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Ajinomoto Co. Inc. dividends
- Dividend yield
- -
- Forward dividend
- -
- Payout ratio
- -
- Ex-dividend date
- -
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2026 | - | - | - |
| 2025 | JPY 39.1B | 39 | 55.7% |
| 2024 | JPY 38.4B | 37 | 44.1% |
| 2023 | JPY 31.6B | 30 | 33.6% |
| 2022 | JPY 27.3B | 25 | 36.0% |
| 2021 | JPY 17.5B | 32 | 29.5% |
| 2020 | JPY 17.6B | 32 | 93.2% |
| 2019 | JPY 18.5B | 34 | 62.1% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 2:1 on Mar 28, 2025.
Who owns Ajinomoto Co. Inc.
Ownership data of Ajinomoto Co. Inc. is not available yet.
Ajinomoto Co. Inc. company profile
- Company name
- Ajinomoto Co. Inc.
- Ticker
- AJI.HA
- Exchange
- Hanover Exchange
- Sector
- -
- Industry
- -
- Fiscal year end
- March
- Address
- Website
- -