Why is Anritsu Corp. ?
1
High Management Efficiency with a high ROE of 9.49%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 31.45
3
Poor long term growth as Net Sales has grown by an annual rate of 1.09% and Operating profit at -6.28% over the last 5 years
4
Flat results in Dec 25
- INTEREST(Q) At JPY 29 MM has Grown at inf%
- DEBTORS TURNOVER RATIO(HY) Lowest at 4.09 times
5
With ROE of 7.45%, it has a very attractive valuation with a 1.80 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 104.73%, its profits have risen by 20.7% ; the PEG ratio of the company is 1.2
- At the current price, the company has a high dividend yield of 0
6
Market Beating performance in long term as well as near term
- Along with generating 104.73% returns in the last 1 year, the stock has outperformed Japan Nikkei 225 in the last 3 years, 1 year and 3 months
How much should you hold?
- Overall Portfolio exposure to Anritsu Corp. should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Anritsu Corp. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Anritsu Corp.
104.73%
2.87
51.57%
Japan Nikkei 225
38.94%
1.30
28.24%
Quality key factors
Factor
Value
Sales Growth (5y)
1.09%
EBIT Growth (5y)
-6.28%
EBIT to Interest (avg)
31.45
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.37
Sales to Capital Employed (avg)
0.87
Tax Ratio
27.31%
Dividend Payout Ratio
56.80%
Pledged Shares
0
Institutional Holding
0.02%
ROCE (avg)
18.67%
ROE (avg)
9.49%
Valuation Key Factors 
Factor
Value
P/E Ratio
24
Industry P/E
Price to Book Value
1.80
EV to EBIT
14.32
EV to EBITDA
9.79
EV to Capital Employed
2.27
EV to Sales
1.56
PEG Ratio
1.17
Dividend Yield
0.03%
ROCE (Latest)
15.87%
ROE (Latest)
7.45%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
Mildly Bullish
Technical Movement
3What is working for the Company
ROCE(HY)
Highest at 8.38%
RAW MATERIAL COST(Y)
Fallen by -6% (YoY
-3What is not working for the Company
INTEREST(Q)
At JPY 29 MM has Grown at inf%
DEBTORS TURNOVER RATIO(HY)
Lowest at 4.09 times
Here's what is working for Anritsu Corp.
Raw Material Cost
Fallen by -6% (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
Depreciation
Highest at JPY 1,574 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (JPY MM)
Here's what is not working for Anritsu Corp.
Interest
At JPY 29 MM has Grown at inf%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debtors Turnover Ratio
Lowest at 4.09 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio






