AJINOMOTO (M) BHD

KLSE (MYR): AJI (2658)

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Last Price

15.26

Today's Change

-0.04 (0.26%)

Day's Change

15.20 - 15.46

Trading Volume

44,000

Financial

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Last 10 FY Result
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Revenue 685,740 659,354 636,446 603,747 484,678 443,119 461,689 447,731 436,286 419,917 400,201 340,376 7.19%
PBT 97,336 460,868 452,585 15,861 24,286 61,104 77,746 72,660 67,067 211,469 53,941 40,596 30.69%
Tax -21,632 -52,733 -51,165 11,631 -7,290 -14,717 -17,893 -16,079 -10,806 -24,007 -13,154 -10,863 18.77%
NP 75,704 408,135 401,420 27,492 16,996 46,387 59,853 56,581 56,261 187,462 40,787 29,733 33.49%
-
NP to SH 75,704 408,135 401,420 27,492 16,996 46,387 59,853 56,581 56,261 187,462 40,787 29,733 33.49%
-
Tax Rate 22.22% 11.44% 11.31% -73.33% 30.02% 24.09% 23.01% 22.13% 16.11% 11.35% 24.39% 26.76% -
Total Cost 610,036 251,219 235,026 576,255 467,682 396,732 401,836 391,150 380,025 232,455 359,414 310,643 -3.04%
-
Net Worth 790,995 790,995 924,144 528,951 505,847 511,927 495,511 465,112 437,144 474,840 307,642 279,675 14.18%
Dividend
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Div 608,962 152,240 5,532 5,167 - - - 28,575 28,271 - 20,519 12,159 -8.37%
Div Payout % 804.40% 37.30% 1.38% 18.80% - - - 50.50% 50.25% - 50.31% 40.90% -
Equity
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Net Worth 790,995 790,995 924,144 528,951 505,847 511,927 495,511 465,112 437,144 474,840 307,642 279,675 14.18%
NOSH 60,799 60,799 60,799 60,799 60,799 60,799 60,799 60,799 60,799 60,799 60,799 60,799 0.00%
Ratio Analysis
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
NP Margin 11.04% 61.90% 63.07% 4.55% 3.51% 10.47% 12.96% 12.64% 12.90% 44.64% 10.19% 8.74% -
ROE 9.57% 51.60% 43.44% 5.20% 3.36% 9.06% 12.08% 12.17% 12.87% 39.48% 13.26% 10.63% -
Per Share
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 1,127.88 1,084.48 1,046.80 993.02 797.18 728.83 759.37 736.41 717.59 690.66 658.24 559.84 7.19%
EPS 124.52 671.29 660.25 45.22 27.95 76.30 98.44 93.06 92.54 308.33 67.09 48.90 33.50%
DPS 1,001.60 250.40 9.10 8.50 0.00 0.00 0.00 47.00 46.50 0.00 33.75 20.00 -8.37%
NAPS 13.01 13.01 15.20 8.70 8.32 8.42 8.15 7.65 7.19 7.81 5.06 4.60 14.18%
Adjusted Per Share Value based on latest NOSH - 60,799
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 1,127.88 1,084.48 1,046.80 993.02 797.18 728.83 759.37 736.41 717.59 690.66 658.24 559.84 7.19%
EPS 124.52 671.29 660.25 45.22 27.95 76.30 98.44 93.06 92.54 308.33 67.09 48.90 33.50%
DPS 1,001.60 250.40 9.10 8.50 0.00 0.00 0.00 47.00 46.50 0.00 33.75 20.00 -8.37%
NAPS 13.01 13.01 15.20 8.70 8.32 8.42 8.15 7.65 7.19 7.81 5.06 4.60 14.18%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 28/06/24 28/06/24 29/03/24 31/03/23 31/03/22 31/03/21 31/03/20 29/03/19 30/03/18 31/03/17 31/03/16 31/03/15 -
Price 15.50 15.50 18.60 15.98 14.50 15.88 13.00 18.00 22.30 15.90 8.98 6.30 -
P/RPS 1.37 1.43 1.78 1.61 1.82 2.18 1.71 2.44 3.11 2.30 1.36 1.13 5.17%
P/EPS 12.45 2.31 2.82 35.34 51.87 20.81 13.21 19.34 24.10 5.16 13.39 12.88 -15.51%
EY 8.03 43.31 35.50 2.83 1.93 4.80 7.57 5.17 4.15 19.39 7.47 7.76 18.38%
DY 64.62 16.15 0.49 0.53 0.00 0.00 0.00 2.61 2.09 0.00 3.76 3.17 -18.71%
P/NAPS 1.19 1.19 1.22 1.84 1.74 1.89 1.60 2.35 3.10 2.04 1.77 1.37 -1.27%
Price Multiplier on Announcement Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 26/08/24 26/08/24 29/05/24 30/05/23 26/05/22 24/05/21 25/06/20 23/05/19 24/05/18 29/05/17 24/05/16 18/05/15 -
Price 14.48 14.48 16.60 14.28 13.70 15.60 15.00 17.52 22.00 20.00 13.28 6.35 -
P/RPS 1.28 1.34 1.59 1.44 1.72 2.14 1.98 2.38 3.07 2.90 2.02 1.13 3.86%
P/EPS 11.63 2.16 2.51 31.58 49.01 20.45 15.24 18.83 23.77 6.49 19.80 12.98 -16.67%
EY 8.60 46.36 39.77 3.17 2.04 4.89 6.56 5.31 4.21 15.42 5.05 7.70 19.99%
DY 69.17 17.29 0.55 0.60 0.00 0.00 0.00 2.68 2.11 0.00 2.54 3.15 -17.61%
P/NAPS 1.11 1.11 1.09 1.64 1.65 1.85 1.84 2.29 3.06 2.56 2.62 1.38 -2.58%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
9 people like this. Showing 50 of 1,663 comments

goldenhope

RM19.50, no news on the div

2024-04-25 09:35

goldenhope

Special dividend still no news

2024-04-30 08:55

Cryptolover

Aji looks like gonna break RM20 even before the ex date

2024-05-02 18:59

EngineeringProfit

Aji is my favourite

2024-05-02 19:02

MoneyLovesMe

Hello, this is my first time holding AJI shares. Any info from those of you who have had a longer time holding these shares, how was the stock performance in the past? I can see the dividend is so high.

2024-05-03 18:30

pushparaj

MoneyLovesMe, Need not worry. Good counter with lucrative and generous dividend. Can sleep peacefully, like keeping money in the bank

2024-05-04 19:07

hoplanner

what is the fair value exDividdend, ?

2024-05-07 10:51

tim09

becareful the SP 212 may be attractive, but after ex, the price may drop until <14

2024-05-07 13:37

shareinvestment7

Sell on news. Special dividend is just a set up for banker to dispose their shares to retailers.

2024-05-07 19:00

MULTIEVER

Sell before exercise date! come back later

2024-05-07 19:04

hoplanner

tim09@ fair value ex diddv is around 14?

2024-05-08 11:31

MoneyLovesMe

The best is still UTDPLT, United Plantation, never disappoint me! Good Dividend and capital growth!

2024-05-08 12:44

BudiLee

Yes, UP is a good one, very consistent growth since 12 years ago.

2024-05-08 12:47

BudiLee

I saw AJI price start going up today, any idea what will happen until the day before the ex-date and after the ex-date?

2024-05-09 14:14

donald770

Aji is around 17 ringgit ex dividend, which is attractive in value with projected growth due to its more efficient new plant, better cost control n its inelastic monopoly demand.

2024-05-09 20:25

EngineeringProfit

Nevermind about that......sold @ RM21 oredi

Recollect slowly below 15.00 later.....

2024-05-10 13:50

JIBAOK

Ajinomoto Malaysia Sells Land to TS Law for RM408 Mil Cash, Plans Special Dividend of RM2.12 Sen Per Share
Today is last date for ex-devidend.

2024-05-14 10:34

RInvest

Looks like opening at 16.88

2024-05-15 08:07

BudiLee

Not bad AJI, hope the price will bounce back soon

2024-05-15 14:03

Nepo

It seems share price adjustment nearly complete
Top up some at RM 16.xx to get ready for good QR announcement

Wish me good luck

2024-05-16 07:58

EngineeringProfit

Can wait.....................

2024-05-16 08:09

Nepo

Nibble some RM 16.44 today

2024-05-16 11:13

yeinemesis

4.00pm Still falling.... how high can it bounce back?

2024-05-16 16:23

EngineeringProfit

Can start collecting from around 15.50

2024-05-17 10:43

Amazonboy

Got some @15.72...let d games begin...Lol

2024-05-17 11:24

EngineeringProfit

Yummy huh?

2024-05-17 11:25

donald770

My guess the coming qr is good. There will be substantial relating as it is pressed down a lot

2024-05-18 09:09

donald770

Rerating

2024-05-18 14:11

Nepo

nibble some at RM 15.86 today..

2024-05-20 15:14

yeinemesis

Still selling mood. May be need to wait 13.00-14.00 to enter.

2024-05-20 15:58

EngineeringProfit

Ok

2024-05-20 16:14

theong

Sold mostly at 21. today start buying again 15.8 .

2024-05-20 21:25

Nepo

yeah!
No bad collected at low price

2024-05-23 10:09

Nepo

current price 16.70+dividend price 2.12 = cum dividend price approx. RM19..still ok near recent high RM 21 not far away

2024-05-23 10:11

Nepo

Top up some RM 16.38

2024-05-24 12:39

DickyMe

RM 8.50 coming soon!

2024-06-12 19:51

zodiac

Hi experts, I'm curious Why is this keep falling? I read their report it wasn't that bad, or I missed something that make people lost confident?

2024-06-25 14:45

hoplanner

evryting is fine. Its quarterly sales down and up thus affecting the NP. One time gain fr sale of land resulted in huge jump in NP in the last qtr. The impt point is aji is a solid co ddespite the land sale.

2024-06-28 16:27

DickyMe

38.4 sen dividend, if you buy now, say 2000 shares, return is only ~ 2.4% on the investment cost. You must pray that the price doesn't slide down otherwise you will be hugging the bear.

2 months ago

Nepo

At this price RM 15.1x, anyone dares to buy in..

Whether it is at the bottom or not definately need to see what the operator thinks this price is sufficient to force out the unstable buyers or not..

2 months ago

marzuq

wait until dividen. Then start collect again

2 months ago

Dehcomic01

Ajinomoto bottom line over the past 12 years was boosted by 2 land gains that resulted in about the same contribution to the past 12 years' earnings as the operating profits. The land gains are one-off items and moving forward we have to rely just on the operations.

Ajinomoto is a mature company with revenue growing at 6.1 % CAGR over the past 12 years. So you may think that there is not much hope for better results.

But the company relocated to a new plant in 2022 and its operating results since then provide a good picture of its future. It is also financially sound. On such a basis I found that there is more than a 30% margin of safety making it an investment opportunity.
https://www.youtube.com/watch?v=-Kpt8_fuGj8

2 months ago

Amazonboy

2.4% divvy...u might as well keep in FD...Lol

1 month ago

emmcee

coming quarter results expected to be better than last quarter.

1 month ago

emmcee

steady eps 31.13sen, more to come

1 month ago

donald770

One of the few high eps for the last 10 years.Yes. More to come.

1 month ago

abcb

TP 20

1 month ago

donald770

Now good time to acquire. It's the usual price adjustment after ex div.

3 weeks ago

Nepo

top up some @ RM 14.94 today

2 weeks ago

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