Kikkoman (KIKOY) AI Stock Analysis

• Market Cap: $8.83B
• Dividend Yield: 1.7%
• Average Volume (3M): 3.00
• Price to Earnings (P/E): 21.9
• Beta (1Y): 0.20
• 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: 0.87
• Enterprise Value/Revenue: 0.01
• Enterprise Value/Gross Profit: 0.03
• Enterprise Value/Ebitda: 0.08
• 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 ▲(13.51% 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, founded in 1917, is a globally recognized Japanese food manufacturer known for its soy sauce and other related products. The company operates primarily in the food sector, producing a wide range of condiments, cooking sauces, and seasonings, which are marketed under the Kikkoman brand. In addition to soy sauce, Kikkoman also offers products like teriyaki sauce, marinades, and a variety of specialty sauces catering to both consumer and foodservice markets. The company has a significant presence in international markets, with production facilities and distribution networks that ensure its products are accessible worldwide.

How the Company Makes Money

Kikkoman generates revenue through multiple key streams primarily focused on the sale of its food products, with soy sauce being the flagship item accounting for a substantial portion of its earnings. The company operates in both retail and foodservice segments, selling its products through grocery stores, supermarkets, restaurants, and food distributors. Kikkoman's revenue model is bolstered by its strong brand recognition and reputation for quality, which leads to customer loyalty and repeat purchases. Additionally, Kikkoman engages in partnerships with various food manufacturers and distributors to expand its market reach. The company also invests in marketing and promotional activities to enhance brand visibility and drive sales, further contributing to its overall revenues.

Kikkoman Financial Statement Overview

Summary

Kikkoman exhibits a strong financial profile with consistent revenue growth, robust profitability, and a stable balance sheet. Effective cost management and strategic growth initiatives have driven profitability and financial health. Cash generation is strong, but managing capital expenditures and maintaining growth in a competitive market are crucial.

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: Positive
• Last Price: 18.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KIKOY, the sentiment is Positive. The current price of 18.06 is above the 20-day moving average (MA) of 17.49, above the 50-day MA of 17.16, and below the 200-day MA of 18.36, indicating a neutral trend. The MACD of 0.38 indicates Negative momentum. The RSI at 61.43 is Neutral, neither overbought nor oversold. The STOCH value of 80.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KIKOY.

Kikkoman Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KIKOY	75 Outperform	$8.83B	21.94	11.19%	1.70%	3.50%	-4.69%
MKC	73 Outperform	$17.82B	22.98	13.92%	2.70%	1.64%	-1.83%
CPB	67 Neutral	$9.11B	15.24	15.64%	5.06%	6.40%	6.17%
INGR	65 Neutral	$6.83B	10.72	16.10%	2.98%	-3.83%	-2.04%
CAG	64 Neutral	$8.54B	10.07	9.65%	7.92%	-4.11%	72.17%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SJM	46 Neutral	$11.12B	―	-17.44%	4.23%	-0.66%	-326.55%

Kikkoman Corporate Events

Kikkoman Corp. Reports Q1 2026 Earnings Decline

Kikkoman Corporation is a leading Japanese company in the food industry, known for its production and sale of soy sauce, food products, beverages, and other related items, both domestically and internationally. In its latest earnings report for the first quarter of fiscal 2026, Kikkoman Corp. reported a slight decline in revenue and profits compared to the previous year. The company achieved a revenue of ¥175,660 million, a 1.4% decrease year-on-year, and a profit attributable to owners of the parent of ¥15,293 million, marking a 15.3% decline. The decline was attributed to currency conversion impacts and increased costs, despite strong sales growth in Japan and overseas on a local currency basis. The company’s domestic segment saw mixed results, with increased sales in the Food Products and Beverages Divisions, while the Soy Sauce and Liquor and Wine Divisions experienced declines. Overseas, the company faced challenges in North America and Europe due to currency conversion impacts, although local currency sales showed growth. Looking forward, Kikkoman Corp. maintains its full-year forecast, anticipating a 5% increase in revenue, despite the challenges posed by currency fluctuations and global economic uncertainties.