ScoreWhy is Aica Kogyo Co., Ltd. ?
1
High Management Efficiency with a high ROE of 9.76%
2
Company has very low debt and has enough cash to service the debt requirements
3
Poor long term growth as Operating profit has grown by an annual rate 10.69% of over the last 5 years
4
Negative results in Mar 26
- INTEREST COVERAGE RATIO(Q) Lowest at 6,842.45
- DEBT-EQUITY RATIO (HY) Highest at -4.8 %
- INVENTORY TURNOVER RATIO(HY) Lowest at 5.21 times
5
With ROE of 11.49%, it has a very attractive valuation with a 1.41 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 2.81%, its profits have risen by 6.6% ; the PEG ratio of the company is 1.9
- At the current price, the company has a high dividend yield of 0
6
Underperformed the market in the last 1 year
- The stock has generated a return of 2.81% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 85.83%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Aica Kogyo Co., Ltd. should be less than 10%
- Overall Portfolio exposure to Other Industrial Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Industrial Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Aica Kogyo Co., Ltd. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Aica Kogyo Co., Ltd.
2.81%
0.50
15.71%
Japan Nikkei 225
85.83%
3.09
27.80%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
7.40%
EBIT Growth (5y)
10.69%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.21
Sales to Capital Employed (avg)
1.24
Tax Ratio
31.37%
Dividend Payout Ratio
47.31%
Pledged Shares
0
Institutional Holding
0.08%
ROCE (avg)
18.30%
ROE (avg)
9.76%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
1.41
EV to EBIT
8.35
EV to EBITDA
6.21
EV to Capital Employed
1.46
EV to Sales
0.94
PEG Ratio
1.88
Dividend Yield
NA
ROCE (Latest)
17.44%
ROE (Latest)
11.49%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend6What is working for the Company
ROCE(HY)
Highest at 10.19%
DIVIDEND PER SHARE(HY)
Highest at JPY 3.5
RAW MATERIAL COST(Y)
Fallen by -5.44% (YoY
NET SALES(Q)
Highest at JPY 65,525 MM
-19What is not working for the Company
INTEREST COVERAGE RATIO(Q)
Lowest at 6,842.45
DEBT-EQUITY RATIO
(HY)
Highest at -4.8 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 5.21 times
INTEREST(Q)
Highest at JPY 139 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 13.57 %
PRE-TAX PROFIT(Q)
Lowest at JPY 6,103 MM
NET PROFIT(Q)
Lowest at JPY 3,142 MM
Here's what is working for Aica Kogyo Co., Ltd.
Dividend per share
Highest at JPY 3.5 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (JPY)
Net Sales
Highest at JPY 65,525 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Raw Material Cost
Fallen by -5.44% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Aica Kogyo Co., Ltd.
Interest
At JPY 139 MM has Grown at 131.67%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest Coverage Ratio
Lowest at 6,842.45
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Interest
Highest at JPY 139 MM
in the last five periods and Increased by 131.67% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Operating Profit Margin
Lowest at 13.57 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Pre-Tax Profit
Lowest at JPY 6,103 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (JPY MM)
Net Profit
Lowest at JPY 3,142 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
Net Profit
At JPY 3,142 MM has Fallen at -33.36%
over average net sales of the previous four periods of JPY 4,715.15 MMMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
Debt-Equity Ratio
Highest at -4.8 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Inventory Turnover Ratio
Lowest at 5.21 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
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