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Ajinomoto Co Inc
TSE:2802

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Ajinomoto Co Inc
TSE:2802
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Price: 4 658 JPY -1.33% Market Closed
Market Cap: ¥4.6T

EV/EBITDA

23.7
Current
70%
More Expensive
vs 3-y average of 13.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
23.7
=
Enterprise Value
¥5.1T
/
EBITDA
¥202.4B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
23.7
=
Enterprise Value
¥5.1T
/
EBITDA
¥202.4B

Valuation Scenarios

Ajinomoto Co Inc is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (13.9), the stock would be worth ¥2 733.84 (41% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-66%
Maximum Upside
No Upside Scenarios
Average Downside
53%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 23.7 ¥4 658
0%
3-Year Average 13.9 ¥2 733.84
-41%
5-Year Average 13.4 ¥2 629.4
-44%
Industry Average 8.2 ¥1 603.52
-66%
Country Average 8.7 ¥1 703.98
-63%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥5.1T
/
Jan 2026
¥202.4B
=
23.7
Current
¥5.1T
/
Mar 2026
¥281.1B
=
18
Forward
¥5.1T
/
Mar 2027
¥305B
=
16.6
Forward
¥5.1T
/
Mar 2028
¥338.4B
=
15
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
JP
Ajinomoto Co Inc
TSE:2802
4.5T JPY 23.7 57.9
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 186 542.5 540 752.8
CH
Nestle SA
SIX:NESN
193.8B CHF 13.3 21.5
US
Mondelez International Inc
NASDAQ:MDLZ
71.8B USD 17.9 29.3
FR
Danone SA
PAR:BN
43.5B EUR 9.8 24
ZA
Tiger Brands Ltd
JSE:TBS
49.6B ZAR 9.6 13
US
Hershey Co
NYSE:HSY
38.3B USD 21.1 43.3
CN
Muyuan Foods Co Ltd
SZSE:002714
244.3B CNY 15.3 15.4
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
232.6B CNY 24.8 33
ZA
Avi Ltd
JSE:AVI
33.8B ZAR 8.9 13.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.6B CHF 19 32

Market Distribution

Higher than 89% of companies in Japan
Percentile
89th
Based on 5 051 companies
89th percentile
23.7
Low
0.1 — 6.7
Typical Range
6.7 — 12.2
High
12.2 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 6.7
Median 8.7
70th Percentile 12.2
Max 214 699 781.2

Ajinomoto Co Inc
Glance View

Ajinomoto Co., Inc., a household name synonymous with umami, has woven a rich tapestry in the fabric of the global food industry. Originally starting its journey in 1908, the company was founded by Dr. Kikunae Ikeda, who isolated and identified the flavor-enhancing properties of monosodium glutamate (MSG). It began its commercial journey by marketing this unique seasoning under the brand name "Ajinomoto," which translates to "essence of taste" in Japanese. Building upon this foundation, Ajinomoto has expanded far beyond MSG, leveraging its biochemical prowess to create a diverse range of food products and ingredients. This transition from a single product line to a multitude of culinary offerings has established Ajinomoto as a global leader in the food industry, catering to numerous markets with products that enhance the flavors of everyday meals. More than just a staple in pantries worldwide, Ajinomoto delves into the scientific realm of food and health. Its business model capitalizes not only on traditional seasoning products but also on innovative solutions in amino acids and wellness markets. The company generates revenue by harnessing biotechnologies to produce amino acids for pharmaceuticals, nutritional supplements, and the burgeoning wellness industry. Ajinomoto combines its biochemical expertise with a deep understanding of consumer trends to develop novel products that align with health and sustainability. Its strategic investments in technology and research empower the company to navigate contemporary challenges, ensuring its relevance and growth in an evolving marketplace. Through this dual focus on taste and health, Ajinomoto maintains its charismatic presence from bustling markets in Japan to homes across the globe.

Intrinsic Value
3 146.12 JPY
Overvaluation 32%
Intrinsic Value
Price ¥4 658
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