ScoreWhy is Belc Co., Ltd. ?
1
High Management Efficiency with a high ROCE of 12.63%
2
Company has very low debt and has enough cash to service the debt requirements
3
The company has declared Negative results for the last 4 consecutive quarters
- DIVIDEND PAYOUT RATIO(Y) Lowest at 0%
- DEBT-EQUITY RATIO (HY) Highest at 19.78 %
- INVENTORY TURNOVER RATIO(HY) Lowest at 25.1 times
4
With ROCE of 12.18%, it has a attractive valuation with a 1.31 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 -13.33%, its profits have risen by 23.6% ; the PEG ratio of the company is 0.5
5
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -13.33% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Belc Co., Ltd. should be less than 10%
- Overall Portfolio exposure to Retailing should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Retailing)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Belc Co., Ltd. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Belc Co., Ltd.
-13.33%
-0.62
21.83%
Japan Nikkei 225
75.22%
2.67
28.15%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
8.84%
EBIT Growth (5y)
6.05%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0.83
Net Debt to Equity (avg)
0.16
Sales to Capital Employed (avg)
2.60
Tax Ratio
27.22%
Dividend Payout Ratio
20.37%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
12.63%
ROE (avg)
10.85%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
13
Industry P/E
Price to Book Value
1.37
EV to EBIT
10.74
EV to EBITDA
7.27
EV to Capital Employed
1.31
EV to Sales
0.44
PEG Ratio
0.54
Dividend Yield
NA
ROCE (Latest)
12.18%
ROE (Latest)
10.69%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend9What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -2.4% (YoY
CASH AND EQV(HY)
Highest at JPY 43,177 MM
DEBTORS TURNOVER RATIO(HY)
Highest at 76.79 times
NET SALES(Q)
Highest at JPY 107,725 MM
OPERATING PROFIT(Q)
Highest at JPY 7,906 MM
OPERATING PROFIT MARGIN(Q)
Highest at 7.34 %
PRE-TAX PROFIT(Q)
Highest at JPY 5,390 MM
NET PROFIT(Q)
Highest at JPY 4,667.65 MM
EPS(Q)
Highest at JPY 194.81
-15What is not working for the Company
DIVIDEND PAYOUT RATIO(Y)
Lowest at 0%
DEBT-EQUITY RATIO
(HY)
Highest at 19.78 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 25.1 times
DIVIDEND PER SHARE(HY)
Lowest at JPY 76.79
INTEREST(Q)
Highest at JPY 91 MM
Here's what is working for Belc Co., Ltd.
Net Sales
Highest at JPY 107,725 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 7,906 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 7.34 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at JPY 5,390 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
Highest at JPY 4,667.65 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 194.81
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Cash and Eqv
Highest at JPY 43,177 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debtors Turnover Ratio
Highest at 76.79 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Raw Material Cost
Fallen by -2.4% (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 2,542 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (JPY MM)
Depreciation
At JPY 2,542 MM has Grown at 30.03%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (JPY MM)
Here's what is not working for Belc Co., Ltd.
Interest
At JPY 91 MM has Grown at 10.98%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest
Highest at JPY 91 MM
in the last five periods and Increased by 10.98% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debt-Equity Ratio
Highest at 19.78 %
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 25.1 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Dividend per share
Lowest at JPY 76.79
in the last five yearsMOJO Watch
Company is distributing lower dividend than previous years
DPS (JPY)
Dividend Payout Ratio
Lowest at 0%
in the last five yearsMOJO Watch
Company is distributing lower proportion of profits generated as dividend
DPR (%)
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