Ajinomoto Future Growth

Future criteria checks 2/6

Ajinomoto is forecast to grow earnings and revenue by 12.7% and 5.7% per annum respectively. EPS is expected to grow by 13.9% per annum. Return on equity is forecast to be 14.7% in 3 years.

Key information

12.7%

Earnings growth rate

13.9%

EPS growth rate

Food earnings growth	9.6%
Revenue growth rate	5.7%
Future return on equity	14.7%
Analyst coverage	Good
Last updated	25 Sep 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:AJI0 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	1,700,047	132,230	123,843	225,065	12
3/31/2026	1,617,229	116,908	107,407	207,339	12
3/31/2025	1,538,660	99,719	70,728	174,821	12
6/30/2024	1,465,218	83,868	117,248	189,540	N/A
3/31/2024	1,439,231	87,121	97,936	168,074	N/A
12/31/2023	1,400,039	95,245	73,602	145,308	N/A
9/30/2023	1,387,266	93,497	64,719	132,663	N/A
6/30/2023	1,377,017	93,547	41,615	112,087	N/A
3/31/2023	1,359,115	94,065	44,594	117,640	N/A
12/31/2022	1,321,863	70,608	N/A	N/A	N/A
9/30/2022	1,258,993	68,598	54,754	128,438	N/A
6/30/2022	1,194,651	81,397	67,258	145,249	N/A
3/31/2022	1,149,370	75,725	64,857	145,576	N/A
12/31/2021	1,130,742	78,298	N/A	N/A	N/A
9/30/2021	1,110,301	76,907	64,529	157,680	N/A
6/30/2021	1,099,864	59,129	62,484	155,332	N/A
3/31/2021	1,071,453	59,416	79,613	165,650	N/A
12/31/2020	1,063,178	57,317	59,609	151,617	N/A
9/30/2020	1,072,704	47,402	55,682	136,093	N/A
6/30/2020	1,081,084	23,706	44,197	129,716	N/A
3/31/2020	1,100,039	18,279	32,815	114,856	N/A
12/31/2019	1,112,801	30,244	54,130	137,404	N/A
9/30/2019	1,119,707	9,388	48,029	133,801	N/A
6/30/2019	1,122,883	30,618	50,285	129,177	N/A
3/31/2019	1,127,483	27,175	43,249	123,256	N/A
12/31/2018	1,136,887	26,220	44,260	116,895	N/A
9/30/2018	1,149,932	54,770	41,877	113,968	N/A
6/30/2018	1,153,942	58,478	42,508	122,135	N/A
3/31/2018	1,150,209	60,741	N/A	126,655	N/A
12/31/2017	1,139,224	62,778	N/A	120,293	N/A
9/30/2017	1,115,406	59,325	N/A	118,349	N/A
6/30/2017	1,096,026	55,035	N/A	105,955	N/A
3/31/2017	1,091,195	53,065	N/A	108,907	N/A
12/31/2016	1,094,507	28,080	N/A	101,203	N/A
9/30/2016	1,118,691	46,121	N/A	99,759	N/A
6/30/2016	1,156,633	44,836	N/A	117,064	N/A
3/31/2016	1,185,980	63,592	N/A	125,219	N/A
12/31/2015	1,178,435	87,522	N/A	116,796	N/A
9/30/2015	1,128,856	68,255	N/A	112,909	N/A
6/30/2015	1,071,312	68,081	N/A	113,988	N/A
3/31/2015	1,006,630	46,495	N/A	109,259	N/A
12/31/2014	980,453	45,589	N/A	111,935	N/A
9/30/2014	971,870	41,363	N/A	100,263	N/A
6/30/2014	976,835	42,412	N/A	86,295	N/A
3/31/2014	991,332	42,795	N/A	63,017	N/A
12/31/2013	1,024,072	30,975	N/A	61,665	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AJI0's forecast earnings growth (12.7% per year) is above the savings rate (0.8%).

Earnings vs Market: AJI0's earnings (12.7% per year) are forecast to grow slower than the German market (20% per year).

High Growth Earnings: AJI0's earnings are forecast to grow, but not significantly.

Revenue vs Market: AJI0's revenue (5.7% per year) is forecast to grow faster than the German market (5.5% per year).

High Growth Revenue: AJI0's revenue (5.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AJI0's Return on Equity is forecast to be low in 3 years time (14.7%).