ScoreWhy is ASICS Corp. ?
1
Strong Long Term Fundamental Strength with a 70.69% CAGR growth in Operating Profits
- The company is Net-Debt Free
- The company has been able to generate a Return on Capital Employed (avg) of 23.52% signifying high profitability per unit of total capital (equity and debt)
2
With a growth in Net Profit of 62.12%, the company declared Very Positive results in Jun 26
- The company has declared positive results for the last 10 consecutive quarters
- OPERATING CASH FLOW(Y) Highest at JPY 122,330 MM
- ROCE(HY) Highest at 42.39%
- DIVIDEND PER SHARE(HY) Highest at JPY 8.37
3
With ROCE of 55.18%, it has a attractive valuation with a 11.21 Enterprise value to Capital Employed
- 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 3.12%, its profits have risen by 56.5% ; the PEG ratio of the company is 0.5
4
Majority shareholders : Non Institution
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to ASICS Corp. should be less than 10%
- Overall Portfolio exposure to Footwear should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Footwear)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is ASICS Corp. for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
ASICS Corp.
3.12%
615.60
38.35%
Japan Nikkei 225
43.52%
1.48
29.43%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
20.05%
EBIT Growth (5y)
70.69%
EBIT to Interest (avg)
17.64
Debt to EBITDA (avg)
0.26
Net Debt to Equity (avg)
-0.13
Sales to Capital Employed (avg)
2.17
Tax Ratio
27.64%
Dividend Payout Ratio
20.27%
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
33.28%
ROE (avg)
16.09%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
28
Industry P/E
Price to Book Value
10.29
EV to EBIT
20.32
EV to EBITDA
17.25
EV to Capital Employed
11.21
EV to Sales
3.70
PEG Ratio
0.50
Dividend Yield
NA
ROCE (Latest)
55.18%
ROE (Latest)
36.75%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend26What is working for the Company
OPERATING CASH FLOW(Y)
Highest at JPY 122,330 MM
ROCE(HY)
Highest at 42.39%
DIVIDEND PER SHARE(HY)
Highest at JPY 8.37
NET SALES(Q)
At JPY 264,218 MM has Grown at 35.86%
RAW MATERIAL COST(Y)
Fallen by -4.38% (YoY
CASH AND EQV(HY)
Highest at JPY 260,820 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -11.26 %
INVENTORY TURNOVER RATIO(HY)
Highest at 2.77 times
OPERATING PROFIT MARGIN(Q)
Highest at 25.75 %
NET PROFIT(Q)
At JPY 41,093.29 MM has Grown at 86.99%
-12What is not working for the Company
DIVIDEND PAYOUT RATIO(Y)
Lowest at 35.84%
INTEREST(Q)
Highest at JPY 1,594 MM
Here's what is working for ASICS Corp.
Operating Cash Flow
Highest at JPY 122,330 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (JPY MM)
Net Sales
At JPY 264,218 MM has Grown at 35.86%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (JPY MM)
Dividend per share
Highest at JPY 8.37 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (JPY)
Operating Profit Margin
Highest at 25.75 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Net Profit
At JPY 41,093.29 MM has Grown at 86.99%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
Cash and Eqv
Highest at JPY 260,820 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at -11.26 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Inventory Turnover Ratio
Highest at 2.77 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -4.38% (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 8,313 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 ASICS Corp.
Interest
At JPY 1,594 MM has Grown at 18.42%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Dividend Payout Ratio
Lowest at 35.84% and Fallen
In each year in the last five yearsMOJO Watch
Company is distributing lower proportion of profits generated as dividend
DPR (%)
Interest
Highest at JPY 1,594 MM
in the last five periods and Increased by 18.42% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
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