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Ajinomoto Co Inc is Japan’s food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to world-wide food manufacturers including Nestle. The food business represents nearly three fourths of group sales and 80%-plus of profits with nearly two thirds generated overseas. Healthcare and function materials (mainly Ajinomoto build-up film, or ABF), the key growth drivers through 2030, make up the balance of its business portfolio. The nonfood businesses are expected to contribute half of the group profits by 2030, boosted by ABF and CDMO growth.
1925
44.2K+
LTM Revenue $10.3B
LTM EBITDA $1.6B
$21.3B
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Ajinomoto has a last 12-month revenue of $10.3B and a last 12-month EBITDA of $1.6B.
In the most recent fiscal year, Ajinomoto achieved revenue of $9.6B and an EBITDA of $1.5B.
Ajinomoto expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Ajinomoto valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $9.0B | $9.6B | XXX | XXX | XXX |
| Gross Profit | $2.8B | $3.1B | XXX | XXX | XXX |
| Gross Margin | 31% | 33% | XXX | XXX | XXX |
| EBITDA | $1.5B | $1.5B | XXX | XXX | XXX |
| EBITDA Margin | 17% | 16% | XXX | XXX | XXX |
| Net Profit | $503M | $625M | XXX | XXX | XXX |
| Net Margin | 6% | 7% | XXX | XXX | XXX |
| Net Debt | $1.1B | $1.0B | XXX | XXX | XXX |
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As of April 15, 2025, Ajinomoto's stock price is JPY 2899 (or $19).
Ajinomoto has current market cap of JPY 2.91T (or $19.4B), and EV of JPY 3.21T (or $21.3B).
See Ajinomoto trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $21.3B | $19.4B | XXX | XXX | XXX | XXX | $0.66 |
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Sign UpAs of April 15, 2025, Ajinomoto has market cap of $19.4B and EV of $21.3B.
Ajinomoto's trades at 2.1x LTM EV/Revenue multiple, and 13.2x LTM EBITDA.
Analysts estimate Ajinomoto's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Ajinomoto and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $21.3B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 13.4x | XXX | XXX | XXX |
| P/E | 30.1x | XXX | XXX | XXX |
| P/E/Growth | 1.6x | XXX | XXX | XXX |
| EV/FCF | 40.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpAjinomoto's NTM/LTM revenue growth is 5%
Ajinomoto's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Ajinomoto's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Ajinomoto's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Ajinomoto and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 21% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 14% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 26% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Agthia Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Acomo | XXX | XXX | XXX | XXX | XXX | XXX |
| ForFarmers | XXX | XXX | XXX | XXX | XXX | XXX |
| JDE Peets | XXX | XXX | XXX | XXX | XXX | XXX |
| Sligro Food Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Ajinomoto acquired XXX companies to date.
Last acquisition by Ajinomoto was XXXXXXXX, XXXXX XXXXX XXXXXX . Ajinomoto acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Ajinomoto founded? | Ajinomoto was founded in 1925. |
| Where is Ajinomoto headquartered? | Ajinomoto is headquartered in Japan. |
| How many employees does Ajinomoto have? | As of today, Ajinomoto has 44.2K+ employees. |
| Who is the CEO of Ajinomoto? | Ajinomoto's CEO is Mr. Taro Fujie. |
| Is Ajinomoto publicy listed? | Yes, Ajinomoto is a public company listed on TKS. |
| What is the stock symbol of Ajinomoto? | Ajinomoto trades under 2802 ticker. |
| When did Ajinomoto go public? | Ajinomoto went public in 1949. |
| Who are competitors of Ajinomoto? | Similar companies to Ajinomoto include e.g. Agthia Group, Acomo, ForFarmers, JDE Peets. |
| What is the current market cap of Ajinomoto? | Ajinomoto's current market cap is $19.4B |
| What is the current revenue of Ajinomoto? | Ajinomoto's last 12-month revenue is $10.3B. |
| What is the current EBITDA of Ajinomoto? | Ajinomoto's last 12-month EBITDA is $1.6B. |
| What is the current EV/Revenue multiple of Ajinomoto? | Current revenue multiple of Ajinomoto is 2.1x. |
| What is the current EV/EBITDA multiple of Ajinomoto? | Current EBITDA multiple of Ajinomoto is 13.2x. |
| What is the current revenue growth of Ajinomoto? | Ajinomoto revenue growth between 2023 and 2024 was 6%. |
| Is Ajinomoto profitable? | Yes, Ajinomoto is EBITDA-positive (as of the last 12 months). |
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