The Kikkoman $2801 (+1,75%) share seems too interesting at the moment not to share my thoughts with you 🙂

I haven't looked at the consumer goods sector, but none of the big standard stocks seem particularly interesting to me ($NESN (-0,39%) , $ULVR (+0,28%) , etc.).

In addition, due to the exchange rate, I'm currently looking more closely at Japanese companies and have stumbled across Kikkoman.

Kikkoman is not only the absolute market leader in the soy sauce sector here, but is also one of the largest manufacturers of soy sauce in its home country of Japan, where the majority of sales are generated. Kikkoman also produces other products in the sauces and seasonings sector, all of which are also market leaders. Kikkoman has held this position for many years and it should be difficult for competitors to shake it.

Fundamental aspect:

Over the past 15 years, Kikkoman's P/E ratio has averaged over 30.

We are currently trading at around 21, which is well below the historical average.

Over the past ten years, Kikkoman has achieved average annual earnings growth of over 15%. Despite the current challenges posed by inflation and supply chain issues, the company has been able to further increase its profits, although a slowdown in profit growth is becoming apparent, which is probably also triggering the current correction.

Chart "Analysis

(I am definitely not a profit wheeler, so please forgive me if this is too simplistic😅)

From a technical point of view, the share has undergone a correction in recent months and is approaching a crucial support zone. The area around the 1300 yen mark (high - September 2018) has repeatedly served as strong support in the past (March 2021, June 2022, March 2023).

I think that a reversal at this support will take place this time as well.

Exchange rate

Another positive factor is the current favorable exchange rate between the euro and the yen. The yen is historically weak against the euro, which makes purchases of Japanese equities comparatively favorable for European investors.

I hope you enjoyed this brief assessment of $2801 (+1,75%) and perhaps, like me, you have become aware of a great company that has so far received less attention, at least on this platform.

Sources:

Data and graphics from

https://aktienfinder.net/aktien-profil/Kikkoman-Aktie

and exchange rate from Google

Boy, what's going on with the bamboo servers of the trading republic again today. I've been trying to update my account again since noon today to show my latest transaction. This is really becoming a nuisance.

Edit: Getquin also had a bad day today. Take a look at the charts of the "top losers" today: $6702 (+4,49%) & $7011 (+1,02%) & $2801 (+1,75%) & $7269 (+2,76%) Something is wrong there too. This wouldn't have happened with AWS (*makes Amazon shareholder noise*)

Soy sauce?!

After reading a book on Warren Buffet's investment philosophy in detail, one concept in particular stuck in my mind:

#consumermonopoly : What products must a store carry to stay in business?

Of course, we all immediately think of $KO (+0,55%) or $PEP (-0,09%) . If you don't get products from these brands in the supermarket, restaurant or gas station, you're disappointed... They are, so to speak, a kind of default option that is offered by default. We know the taste and have become accustomed to it!

I have a similar impression of the soy sauce that we get in Asian restaurants. I, at least, always notice that the same small glass bottle with a red lid is almost always served at the table. The Japanese company behind it is Kikkoman.

$2801 (+1,75%) Kikkoman is primarily known as a manufacturer of soy sauce. The company has a long history and is one of the world's leading producers of soy sauce. In addition to soy sauce, Kikkoman also offers a range of other products such as teriyaki sauce, mirin (sweet rice wine) and various condiments. Kikkoman's soy sauce is known for its quality and characteristic taste, which is achieved through traditional brewing methods.

Fancy some sushi or an investment? I can't wait to hear what you think about the company and the idea! Even if the company is not exactly cheaply valued, is this perhaps a company with an insurmountable long-term moat?

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗜𝗣𝗢𝘀 🔔

Stepstone - Axel Springer ( $AXELF ) wants to continue preparations for the IPO of job portal Stepstone. Goldman Sachs ( $GOS (+0,94%) ) and Morgan Stanley ( $DWD (+0,93%) ) have been chosen to lead the transaction, which could take place in the second quarter of 2022. Under the offer, Stepstone could be valued at around seven billion euros. This would correspond to 25 times the operating profit (EBITDA) of around 300 million euros expected for 2023. The job portal's business has been doing very well recently and has been able to post annual growth of 20 percent over the past ten years.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Ex-dividend date: Apple Inc ( $APC (-0,07%) ), AmeriServ Financial Inc ( $ASRV ), Brink's ( $PTY (-1,51%) ), Clarus ( $BDO (+0,68%) ), Core Laboratories ( $CEI ), Federated Hermes ( $3KC (+0,23%) ), First Interstate BancSystem ( $4FB (+0%) ), W. W. Grainger ( $GWW (+0,1%) ), Janus Henderson ( $HDJA ), Lazard ( $LAZ ), Louisiana Pacific ( $LP3 (+0,29%) ), US Steel ( $USX1 ) and Xilinx ( $XIX ).

𝗖𝗵𝗶𝗳𝗳𝗿𝗲𝘀 𝘁𝗿𝗶𝗺𝗲𝘀𝘁𝗿𝗶𝗲𝗹𝘀📈

Today 11880 Solutions ( $TGT (+1,67%) ), Andritz AG ( $AZ2 (+0,57%) ), Amadeus IT Group ( $AI3A (+0,04%) ), Asahi Kasei ( $ASAA (+0,39%) ), Berkshire Hathaway ( $BRYN (+0,46%) ), Data Modul ( $DAM (+1,32%) ), GS Yuasa ( $G9Y (+1,67%) ), Honda ( $HDMA (+1,92%) ), Johnson Controls ( $TYIA (-0,26%) ), Kikkoman ( $KIK (+1,75%) ), Kobe Steel ( $KST (+0,24%) ), Krones AG ( $KRN (+1,64%) ), Mitsubishi ( $MBI (-0,16%) ), Nippon Paper Industries ( $9NI (+1,43%) ), Olympus ( $OCPNY ), Rheinmetall ( $RHM (-0,35%) ), Sempra Energy ( $SE4 (+2,22%) ), TLG Immobilien ( $TLG ) and Uniper ( $UN01 ) present their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

United Internet ( $UTDI (+0,22%) ) - Ralph Dommermuth wants to buy United Internet for 35 euros per share. This means that he would own more than half of the Internet group. The manager wants to acquire 17 million United Internet shares, either via an existing company or via a new company he controls. The share price, which was close to 37 euros in September, had fallen by about 5 euros by the end of October. United Internet had announced in mid-September that it wanted to end the share buyback prematurely due to low trading volumes. However, it is still unclear whether Dommermuth will actually buy the company.

Platoon ( $2ON (-1,22%) ) - The surplus demand for exercise bikes due to Corona's crisis is over. Last quarter, the fitness equipment maker posted a $376 million loss. That forced Peloton to lower its revenue forecast for the current year and subscriber growth. Investors reacted immediately, and the stock dropped about 33% within a day.

Varta ( $VAR1 ) - The battery maker lowered its sales forecast for the current fiscal year due to production difficulties at some suppliers. In response, the stock price fell about 19%.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

New York City - New York City's new (Democratic) mayor, Eric Adams, discussed in an interview, a day after his official election, his plan to introduce a coin for the city. This is supposed to be one of the first steps in transforming New York into a crypto-currency-friendly city. In addition, he announced that he wants to receive his first 3 salaries in the form of crypto-currencies. He has also already met with Miami Mayor Francis Suarez, who is known for his positive attitude towards crypto-currencies and who last week also requested that his salary be paid 100% in bitcoins. Miami already has its own City Coin, which is indeed very popular. Francis and Adams have now decided to engage in a friendly competition to see which of the two cities can show the most progress in the crypto space. Adams' goal is for New York to maintain its reputation as the financial capital of the crypto-currency era.

Commonwealth Bank ( $CWW (+0,27%) ) - Australia's largest bank said the day before that they are working to make bitcoin and other crypto-currencies tradable for their customers in the coming weeks. In addition, they said that they also want to offer their customers to store crypto-currencies for them. Initially, only Bitcoin ($BTC-EUR), Bitcoin Cash ($BCH-EUR), Ethereum ($ETH-USD) and Litecoin ($LTC-EUR) will be available. The implementation will be done in collaboration with Gemini, a U.S.-based company specializing in crypto asset custody. Commonwealth Bank is by far the largest financial institution on the continent, with total assets of $688.4 billion, so this news is a big step for the crypto industry.

🤜🏼🤜🏼🤜🏼 @MarketNewsUpdate

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝘁𝗲𝗽𝘀𝘁𝗼𝗻𝗲𝘀 𝗜𝗣𝗢 / 𝗘𝗹𝗲𝗸𝘁𝗿𝗼𝗿𝗮𝗱 𝗶𝗺 𝗞𝗲𝗹𝗹𝗲𝗿 / 𝗟𝗲𝗲𝗿𝗲 𝗕𝗮𝘁𝘁𝗲𝗿𝗶𝗲 / 𝗚𝗲𝗵𝗮𝗹𝘁 𝗶𝗻 𝗞𝗿𝘆𝗽𝘁𝗼

𝗜𝗣𝗢𝘀 🔔

Stepstone - Axel Springer ($AXELF) wants to push ahead with preparations for an IPO of the job ad portal Stepstone. Goldman Sachs ($GOS (+0,94%)) and Morgan Stanley ($DWD (+0,93%)) have been selected to lead-manage the transaction, which could take place in the second quarter of 2022. The issue could value Stepstone at around EUR seven billion. This would correspond to 25 times the operating profit (EBITDA) of around EUR 300 million expected for 2023. The job portal's business has been going very well recently and it has been able to show annual growth of 20 percent over the last ten years.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Apple Inc. ($APC (-0,07%)), AmeriServ Financial Inc. ($ASRV), Brink's ($PTY (-1,51%)), Clarus ($BDO (+0,68%)), Core Laboratories ($CEI), Federated Hermes ($3KC (+0,23%)), First Interstate BancSystem ($4FB (+0%)), W. W. Grainger ($GWW (+0,1%)), Janus Henderson ($HDJ), Lazard ($LAZ), Louisiana Pacific ($LP3 (+0,29%)), US Steel ($USX1) and Xilinx ($XIX) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, 11880 Solutions ($TGT (+1,67%)), Andritz AG ($AZ2 (+0,57%)), Amadeus IT Group ($AI3A (+0,04%)), artnet ($ART), Asahi Kasei ($ASAA (+0,39%)), Berkshire Hathaway ($BRYN (+0,46%)), Chiyoda Kakō Kensetsu ($CYA (+0%)), Data Modul ($DAM (+1,32%)), GS Yuasa ($G9Y (+1,67%)), Honda ($HDMA (+1,92%)), Johnson Controls ($TYIA (-0,26%)), Kikkoman ($KIK (+1,75%)), Kobe Steel ($KST (+0,24%)), Krones AG ($KRN (+1,64%)), Mitsubishi ($MBI (-0,16%)), Nippon Paper Industries ($9NI (+1,43%)), Olympus ($OCPNY), Rheinmetall ($RHM (-0,35%)), Sempra Energy ($SE4 (+2,22%)), TLG Immobilien ($TLG) and Uniper ($UN01) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

United Internet ($UTDI (+0,22%)) - Ralph Dommermuth aims to take over United Internet for EUR 35 per share. This would give him more than half of the Internet group. The manager would like to acquire 17 million United Internet shares either via an existing company or a newly founded one controlled by him. The share price of almost EUR 37 in September had fallen by around EUR 5 by the end of October. United Internet had announced in mid-September that it intended to end its share buyback prematurely due to low trading volumes. However, it is still uncertain whether Dommermuth's purchase will actually take place.

Peloton ($2ON (-1,22%)) - The upswing of exercise bikes due to the Corona crisis is over. In the last quarter, the fitness equipment manufacturer posted a loss of $376 million. In the wake of that, Peloton lowered both its expected revenue for the current fiscal year and its subscriber growth. Investors reacted immediately and the stock fell by about 33% in the course of one day.

Varta ($VAR1) - The battery company lowered its sales forecast for the current fiscal year due to production difficulties at some suppliers. In response, the share slumped by around 19%.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

New York City - New York Mayor-elect (Democrats) Eric Adams spoke in an interview a day after his official election about his plans to introduce a City Coin for the city. This is said to be one of the first steps in transforming New York into a crypto-friendly city. Furthermore, he announced that he wants to receive his first 3 paychecks in the form of cryptocurrencies. He also said that he has already met with Miami Mayor Francis Suarez, who is known for his positive attitude towards cryptocurrencies and also called for his salary to be paid 100% in Bitcoin last week. Miami already has its own City Coin, which is indeed very popular. Francis and Adams now decided to try a friendly competition to see which of the two cities can show greater progress in the crypto space. Adams' goal is for New York to continue to maintain its reputation as a financial capital in the age of cryptocurrencies.

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