MGAA.F Stock Overview

Manufactures, purchases, and sells confectionaries, food stuffs, frozen desserts, and health products in Japan and internationally. More details

MGAA.F fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	1/6
Financial Health	4/6
Dividends	4/6

Rewards

Earnings are forecast to grow 10.34% per year

Risk Analysis

High level of non-cash earnings

Shares are highly illiquid

Profit margins (5.2%) are lower than last year (15.3%)

Dividend of 2.24% is not well covered by cash flows

My Notes

Capture your thoughts, links and company narrative

Morinaga&Co., Ltd. Competitors

WK Kellogg Co

NYSE:KLG

US$1.5b

Dole

NYSE:DOLE

US$1.3b

John B. Sanfilippo & Son

NasdaqGS:JBSS

US$991.9m

Adecoagro

NYSE:AGRO

US$970.1m

Price History & Performance

Summary of share price highs, lows and changes for Morinaga&Co
Historical stock prices
Current Share Price	JP¥31.02
52 Week High	JP¥31.02
52 Week Low	JP¥28.96
Beta	-0.11
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	440.42%

Recent updates

Shareholder Returns

	MGAA.F	US Food	US Market
7D	0%	-3.5%	-2.7%
1Y	n/a	-5.2%	23.4%

Return vs Industry: Insufficient data to determine how MGAA.F performed against the US Food industry.

Return vs Market: Insufficient data to determine how MGAA.F performed against the US Market.

Price Volatility

Is MGAA.F's price volatile compared to industry and market?
MGAA.F volatility
MGAA.F Average Weekly Movement	n/a
Food Industry Average Movement	5.0%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	3.2%

Stable Share Price: MGAA.F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine MGAA.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1899	3,076	Eijiro Ota	www.morinaga.co.jp

Morinaga&Co., Ltd. manufactures, purchases, and sells confectionaries, food stuffs, frozen desserts, and health products in Japan and internationally. It offers confectionary products, including caramels, biscuits, chocolates, etc.; food products comprising cocoa, cake mix, etc.; frozen desserts, such as ice cream, etc.; and health products, including jelly drinks, etc. The company also provides health foods and beverages through mail services. It offers its products under the Morinaga Milk Cocoa, Morinaga Ramune, Morinaga Biscuits, Chocoball, Amazake, Carré de chocolat, DARS, HI-CHEW, Morinaga Cocoa, Choco Monaka Jumbo, Vanilla Monaka Jumbo, Ita Choco Ice, ICEBOX, Morinaga Aojiru, Morinaga Collagen Drink, in BAR, and in Jelly brands.

Morinaga&Co., Ltd. Fundamentals Summary

How do Morinaga&Co's earnings and revenue compare to its market cap?
MGAA.F fundamental statistics
Market cap	US$1.48b
Earnings (TTM)	US$70.61m
Revenue (TTM)	US$1.36b

21.5x

P/E Ratio

1.1x

P/S Ratio

Is MGAA.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGAA.F income statement (TTM)
Revenue	JP¥194.37b
Cost of Revenue	JP¥117.72b
Gross Profit	JP¥76.65b
Other Expenses	JP¥66.59b
Earnings	JP¥10.06b

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

Aug 08, 2023

Earnings per share (EPS)	218.06
Gross Margin	39.44%
Net Profit Margin	5.18%
Debt/Equity Ratio	15.1%

How did MGAA.F perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

48%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/08/08 06:38
End of Day Share Price	2023/05/11 00:00
Earnings	2023/03/31
Annual Earnings	2023/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Morinaga&Co., Ltd. is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mikihiko Yamato	BNP Paribas Securities (Asia)
null null	Company Forecast
Satsuki Kawasaki	Macquarie Research