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← CockpitCompetitor Analysis › 4919.T Milbon Co., Ltd.Open in the cockpit ↗

Milbon Co., Ltd.4919.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Staples›Household/Personal Care
Momentum leader 92
Mkt cap
$669M
US dollars, full cap
Free float
76%
of shares outstanding
$/day
$3.02M
20-day average traded
Fwd P/E
22.9×
forward earnings
ROIC−WACC
+8.0 pp
WACC 5.0%
Hurdle
-11 pp
Req g minus delivered
Next earnings
7 days
13 Nov 2026
Close · JPY¥3,325
1D-3.2%
1W+0.6%
1M+2.8%
3M+20.3%
6M+30.1%
YTD+36.5%
1Y+36.5%
ATR %2.2%
52w lowhigh5.4% off high

What Milbon does

Employees: 1,237

Milbon at a glance

Size Milbon (4919.T) is a Japan Consumer Staples company (Household/Personal Care) with a market value of $669M, the 925th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,325 on 6 Nov 2026.

Performance Over six months the shares gained 30.1%, against -17.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 6.5% over the last twelve months (peer median +10.2%); the operating margin is 12.9% (peer median 8.2%).

Valuation It trades at 22.9× forward earnings against a peer median of 18.8× (6th most expensive of 19).

Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -11 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 8.0 points above its cost of capital (5.0% WACC).

Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 20264919.T 131Peer median 83
Six months, rebased to 100: Milbon against the median of its 20 peers (local-currency closes).

Milbon financials

Reported figures in JPY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥54.9B¥52.9B¥51.3B¥47.8B¥45.2B
Revenue growth—+3%+7%+6%—
Gross profit¥34.8B¥33.2B¥32.6B¥29.5B¥29.5B
EBITDA¥9.45B¥7.75B¥9.11B¥7.80B¥9.63B
Net income¥5.44B¥3.44B¥5.02B¥4.00B¥5.58B
Free cash flown/a¥2.44B¥5.43B¥2.17B¥1.95B
Capital expendituren/a¥3.33B¥2.54B¥3.21B¥3.82B
Total debt¥0¥0¥0¥0¥0

Quarterly statements and history in the cockpit →

Milbon competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%605009JYOTHYLABPZC241710BAJAJCONGALAXYSURF60319300132830110800209449280012063007402657001230600249MCB2145EPC4919.T6-month return →1-month return →
Up and to the right = strong over both horizons. Milbon is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%20×40×605009JYOTHYLABPZC241710BAJAJCONGALAXYSURF00132830110849280012063007406036302657001230MCBEPC4919.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Milbon is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%605009JYOTHYLABPZC241710BAJAJCONGALAXYSURF6031930013284928001206300740265721454919.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Milbon is the large dot.

Milbon competitors and peer comparison

How Milbon compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Milbon against its 20 peers (data as of 6 Nov 2026)
Measure4919.TPeer medianRank in peer set
1-month return+2.8%-9.0%5th highest of 21
6-month return+30.1%-17.0%4th highest of 21
Distance from 52-week high-5.4%-36.2%highest of 21
Revenue growth (TTM)+6.5%+10.2%10th lowest of 21
Operating margin12.9%8.2%6th highest of 21
Forward P/E22.9×18.8×6th most expensive of 19
Growth the price implies (Req g, 7 yrs)-3.1%4.1%4th least demanding of 16
Growth delivered (Del g)+8.2%+7.7%8th highest of 16
Hurdle (Req g minus delivered)-11.3 pp-3.8 pp5th least demanding of 16
ROIC minus cost of capital+8.0 pp+4.9 pp9th highest of 21
EV / EBITDA9.8×10.8×5th cheapest of 13
Net debt / EBITDA-1.3×-0.7×7th least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Milbon 4919.TJapan$669M+30%+6%13%22.9×-3.1%+8.2%
Hangzhou Haoyue Personal Care 605009.SSChina$750M-19%+10%6%17.7×4.7%+7.7%
Jyothy Labs JYOTHYLAB.NSIndia$773M-23%+5%8%30.9×35.0%+8.9%
PZ Cussons PZC.LUnited Kingdom$566M+30%+5%11%13.3×-1.7%-2.1%
Cosmecca Korea 241710.KSSouth Korea$798M+25%+44%13%14.4×-5.9%+13.6%
Bajaj Consumer Care BAJAJCON.NSIndia$551M-24%+29%22%19.6×14.6%+5.0%
Galaxy Surfactants GALAXYSURF.NSIndia$819M+13%+30%9%18.6×18.0%+13.7%
Runben Biotechnology 603193.SSChina$940M-33%+13%21%18.9×1.7%+28.4%
Dencare (Chongqing) Oral Care 001328.SZChina$944M+15%+10%11%28.9×4.3%+10.8%
Tongling Jieya Biologic Technology 301108.SZChina$961M+47%+54%7%54.0×n/an/a
Qingdao Kingking Applied Chemistry 002094.SZChina$464M-25%-7%4%n/an/an/a
Noevir 4928.TJapan$977M+3%+1%16%19.4×-4.8%+4.5%
Tianjin Yiyi Hygiene Products 001206.SZChina$448M-15%-8%9%20.8×2.5%+6.3%
SYoung 300740.SZChina$1.00B-37%+14%3%39.6×18.1%+6.1%
Lafang China 603630.SSChina$445M-20%-3%2%40.4×n/an/a
Shanghai Forest Cabin Cosmetics 2657.HKHong Kong$1.06B0%+74%18%12.1×11.5%+49.0%
Jinglv Environment Science & Technology 001230.SZChina$415M-22%+28%11%14.7×n/an/a
Liuzhou Liangmianzhen 600249.SSChina$398M-19%-11%-7%n/an/an/a
McBride MCB.LUnited Kingdom$386M+11%+1%6%8.3×-0.9%+6.5%
Shanghai Chicmax Cosmetics 2145.HKHong Kong$1.22B-52%+23%8%15.0×-5.9%+21.2%
Edgewell Personal Care EPCUnited States$1.29B+32%-7%6%12.4×4.1%+2.7%

Questions

Which companies are Milbon's closest peers?
The cockpit's peer set: Hangzhou Haoyue Personal Care (605009.SS), Jyothy Labs (JYOTHYLAB.NS), PZ Cussons (PZC.L), Cosmecca Korea (241710.KS), Bajaj Consumer Care (BAJAJCON.NS), Galaxy Surfactants (GALAXYSURF.NS), Runben Biotechnology (603193.SS), Dencare (Chongqing) Oral Care (001328.SZ).
Is Milbon expensive compared with its peers?
On forward p/e it trades at 22.9× against a peer median of 18.8×, 6th most expensive of 19 in its peer set. For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -11 pp: the price already allows for a slowdown.
How has Milbon stock performed?
Over six months to 6 Nov 2026 the shares returned +30.1% against -17.0% for the median peer; over one year +36.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.