ScoreWhy is CHANGE Holdings, Inc. ?
1
Flat results in Mar 26
- OPERATING CASH FLOW(Y) Lowest at JPY 7,253 MM
- NET SALES(Q) At JPY 11,300 MM has Fallen at -14.68%
- INTEREST(Q) At JPY 141 MM has Grown at 10.16%
2
With ROE of 15.36%, it has a attractive valuation with a 1.46 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 -16.34%, its profits have fallen by -11.8%
3
Company is among the highest 1% of companies rated by MarketsMojo across all 4,000 stocks
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -16.34% 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 CHANGE Holdings, Inc. should be less than 10%
- Overall Portfolio exposure to Software Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Software Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is CHANGE Holdings, Inc. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
CHANGE Holdings, Inc.
-16.34%
-0.68
33.08%
Japan Nikkei 225
60.14%
2.05
29.37%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
38.26%
EBIT Growth (5y)
27.33%
EBIT to Interest (avg)
80.81
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
0.08
Sales to Capital Employed (avg)
0.64
Tax Ratio
35.46%
Dividend Payout Ratio
23.07%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
83.46%
ROE (avg)
19.84%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
Price to Book Value
1.46
EV to EBIT
6.20
EV to EBITDA
5.03
EV to Capital Employed
1.42
EV to Sales
1.38
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
22.87%
ROE (Latest)
15.36%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend18What is working for the Company
DIVIDEND PER SHARE(HY)
Highest at JPY 2.69
DIVIDEND PAYOUT RATIO(Y)
Highest at 2,909.55%
INVENTORY TURNOVER RATIO(HY)
Highest at 50.09 times
NET PROFIT(Q)
At JPY 76.07 MM has Grown at 111.51%
-14What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at JPY 7,253 MM
NET SALES(Q)
At JPY 11,300 MM has Fallen at -14.68%
INTEREST(Q)
At JPY 141 MM has Grown at 10.16%
RAW MATERIAL COST(Y)
Grown by 6.73% (YoY
OPERATING PROFIT MARGIN(Q)
Lowest at 10.59 %
PRE-TAX PROFIT(Q)
Lowest at JPY 148 MM
Here's what is working for CHANGE Holdings, Inc.
Net Profit
At JPY 76.07 MM has Grown at 165.79%
over average net sales of the previous four periods of JPY -115.61 MMMOJO Watch
Near term Net Profit trend is very positive
Net Profit (JPY MM)
Dividend per share
Highest at JPY 2.69 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (JPY)
Net Profit
At JPY 76.07 MM has Grown at 111.51%
over average net sales of the previous four periods of JPY -661.13 MMMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
Inventory Turnover Ratio
Highest at 50.09 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Dividend Payout Ratio
Highest at 2,909.55%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Here's what is not working for CHANGE Holdings, Inc.
Net Sales
At JPY 11,300 MM has Fallen at -14.68%
over average net sales of the previous four periods of JPY 13,244.25 MMMOJO Watch
Near term sales trend is extremely negative
Net Sales (JPY MM)
Pre-Tax Profit
At JPY 148 MM has Fallen at -94.9%
over average net sales of the previous four periods of JPY 2,901.5 MMMOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (JPY MM)
Operating Cash Flow
Lowest at JPY 7,253 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (JPY MM)
Interest
At JPY 141 MM has Grown at 10.16%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Operating Profit Margin
Lowest at 10.59 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Pre-Tax Profit
Lowest at JPY 148 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (JPY MM)
Raw Material Cost
Grown by 6.73% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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