Kikkoman (KIKOY) AI Stock Analysis

• Market Cap: $8.47B
• Dividend Yield: 1.7%
• Average Volume (3M): 3.00
• Price to Earnings (P/E): 21.2
• Beta (1Y): 0.18
• Revenue Growth: 3.50%
• EPS Growth: -4.69%
• Country: US
• Employees: 7,521
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.23
• Shares Outstanding: 484,708,000
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 3
• PEG Ratio: 1.98
• Price to Book (P/B): 2.36
• Price to Sales (P/S): 1.69
• P/FCF Ratio: 35.96
• Enterprise Value/Market Cap: 136.41
• Enterprise Value/Revenue: 1.64
• Enterprise Value/Gross Profit: 4.87
• Enterprise Value/Ebitda: 11.85
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: $20.50 ▲(16.15% Upside)

Kikkoman's overall stock score reflects its strong financial performance and positive technical indicators. The company's consistent revenue growth and robust profitability are significant strengths. Technical analysis shows bullish momentum, though caution is advised due to potential overbought conditions. The valuation is reasonable, providing a balanced investment opportunity.

Positive Factors

Revenue Growth

Consistent revenue growth indicates Kikkoman's successful market expansion and product adoption, reinforcing its competitive position in the food industry.

Profitability

Improved gross profit margins reflect effective cost management and pricing strategies, enhancing Kikkoman's ability to sustain profitability in the long term.

Balance Sheet Health

A low debt-to-equity ratio suggests financial stability and limited leverage risks, providing Kikkoman with flexibility to invest in growth opportunities.

Negative Factors

EPS Decline

A decline in EPS growth can indicate challenges in maintaining profitability, potentially affecting investor confidence and future earnings potential.

Capital Expenditures

Fluctuations in free cash flow due to capital expenditures may strain cash reserves, impacting Kikkoman's ability to fund future growth initiatives.

Competitive Market

Operating in a competitive market poses risks to Kikkoman's growth, requiring strategic initiatives to maintain market share and profitability.

Kikkoman Business Overview & Revenue Model

Company Description

Kikkoman Corporation, through its subsidiaries, manufactures and sells food products in Japan, North America, and internationally. The company offers soy sauces, soy sauce soup bases, dipping and marinade sauces, handy seasoning mixes, and Del Monte seasonings; soy milk and Del Monte beverages; sweet sake for cooking; and wines. It also manufactures and sells canned fruits, canned corn, and tomato ketchup, as well as health foods; and purchases and sells oriental food products. In addition, the company produces and sells clinical diagnostic reagents, hygiene inspection agents, and processing enzymes, as well as chemical products, including hyaluronic acid; and offers real estate rental, logistics, and back-office support services. It serves home, and industrial and food service sectors. The company was formerly known as Kikkoman Shoyu Co., Ltd. and changed its name to Kikkoman Corporation in 1980. Kikkoman Corporation was founded in 1917 and is headquartered in Noda, Japan.

How the Company Makes Money

Kikkoman generates revenue primarily through the sale of its diverse product range, including soy sauce, teriyaki sauce, and other condiments. The company's revenue model is anchored in two main segments: domestic sales in Japan and international sales across North America, Europe, and Asia. Key revenue streams include retail sales through supermarkets and grocery stores, as well as bulk sales to food service providers, restaurants, and manufacturers. Additionally, Kikkoman benefits from strategic partnerships with food distributors and collaborations with other food brands, which help expand its market reach and enhance its product offerings. The brand's strong global presence and recognition contribute significantly to its earnings, alongside ongoing investments in marketing and product innovation to meet changing consumer preferences.

Kikkoman Financial Statement Overview

Summary

Kikkoman demonstrates a strong financial profile with consistent revenue growth, robust profitability, and a stable balance sheet. Effective cost management and strategic growth initiatives have driven financial health. The company shows strong cash generation, though managing capital expenditures and maintaining growth in a competitive market are key challenges.

Income Statement

Kikkoman's income statement shows a strong financial performance. Gross profit margin has improved over recent years, with a notable increase in total revenue, indicating effective cost management and pricing strategy. Revenue growth rate has been consistent, reflecting the company's ability to expand its market presence. Net profit margin is robust, supported by stable EBIT and EBITDA margins. The company demonstrates a solid profitability trajectory, although potential risks include the challenge of maintaining growth in a competitive market.

Balance Sheet

The balance sheet analysis of Kikkoman reveals a solid financial position with a strong equity base. The debt-to-equity ratio is low, indicating prudent financial management and limited leverage risks. The company maintains a healthy equity ratio, showcasing financial stability. Return on equity is commendable, reflecting efficient use of shareholder capital. While the overall balance sheet is strong, continued investment in growth opportunities without over-leveraging could enhance future stability.

Cash Flow

Kikkoman's cash flow statement highlights a stable free cash flow generation, although recent free cash flow growth has shown some fluctuations due to varying capital expenditures. Operating cash flow to net income ratio is healthy, suggesting strong cash generation from operations. The free cash flow to net income ratio indicates the company's ability to convert earnings into cash. While cash flows are generally stable, close monitoring of capital expenditures will be crucial to sustain cash flow strength.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	706.42B	708.98B	660.84B	618.90B	516.44B	439.41B
Gross Profit	237.55B	239.23B	228.72B	195.64B	171.02B	146.69B
EBITDA	97.56B	112.69B	93.72B	80.13B	69.92B	62.34B
Net Income	58.94B	61.70B	56.44B	43.73B	38.90B	31.16B
Balance Sheet
Total Assets	664.11B	679.41B	667.88B	566.38B	503.06B	438.51B
Cash, Cash Equivalents and Short-Term Investments	88.99B	135.46B	150.78B	103.86B	81.77B	61.28B
Total Debt	58.08B	59.01B	59.91B	50.98B	43.46B	41.66B
Total Liabilities	155.74B	163.37B	169.62B	149.41B	139.15B	124.99B
Stockholders Equity	501.20B	508.54B	491.36B	410.51B	357.82B	308.13B
Cash Flow
Free Cash Flow	0.00	33.31B	49.74B	32.65B	32.53B	40.10B
Operating Cash Flow	0.00	73.98B	80.81B	59.20B	52.09B	57.17B
Investing Cash Flow	0.00	-38.46B	-42.99B	-26.62B	-16.11B	-16.89B
Financing Cash Flow	0.00	-46.09B	-31.42B	-20.38B	-17.90B	-15.42B

Kikkoman Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.65
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KIKOY, the sentiment is Negative. The current price of 17.65 is below the 20-day moving average (MA) of 18.18, below the 50-day MA of 17.88, and below the 200-day MA of 18.13, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 38.94 is Neutral, neither overbought nor oversold. The STOCH value of 4.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KIKOY.

Kikkoman Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MKC	77 Outperform	$17.94B	23.33	13.92%	2.61%	1.64%	-1.83%
KIKOY	75 Outperform	$8.47B	21.20	11.19%	1.70%	3.50%	-4.69%
INGR	65 Neutral	$7.18B	11.26	16.10%	2.86%	-3.83%	-2.04%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
CPB	60 Neutral	$7.87B	13.51	14.82%	5.64%	2.71%	4.90%
CAG	52 Neutral	$7.98B	-80.52	-1.16%	7.87%	-5.82%	-119.70%
SJM	49 Neutral	$10.73B	―	-17.44%	4.45%	-0.66%	-326.55%