Why is Chugoku Marine Paints, Ltd. ?
1
Company has a low Debt to Equity ratio (avg) at times
2
Healthy long term growth as Operating profit has grown by an annual rate 34.47%
3
Positive results in Dec 25
- OPERATING CASH FLOW(Y) Highest at JPY 14,076 MM
- DEBTORS TURNOVER RATIO(HY) Highest at 3.39 times
- RAW MATERIAL COST(Y) Fallen by -5.39% (YoY)
4
With ROE of 18.60%, it has a very attractive valuation with a 1.50 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 56.35%, its profits have risen by 38.9% ; the PEG ratio of the company is 0.2
- At the current price, the company has a high dividend yield of 0
5
Consistent Returns over the last 3 years
- Along with generating 56.35% returns in the last 1 year, the stock has outperformed Japan Nikkei 225 in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Chugoku Marine Paints, 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 Chugoku Marine Paints, Ltd. for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Chugoku Marine Paints, Ltd.
56.35%
1.62
43.21%
Japan Nikkei 225
36.73%
1.30
28.24%
Quality key factors
Factor
Value
Sales Growth (5y)
8.37%
EBIT Growth (5y)
34.47%
EBIT to Interest (avg)
16.60
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.21
Sales to Capital Employed (avg)
1.25
Tax Ratio
14.83%
Dividend Payout Ratio
35.05%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
12.62%
ROE (avg)
9.90%
Valuation Key Factors 
Factor
Value
P/E Ratio
8
Industry P/E
Price to Book Value
1.50
EV to EBIT
6.97
EV to EBITDA
6.28
EV to Capital Employed
1.63
EV to Sales
0.82
PEG Ratio
0.21
Dividend Yield
0.02%
ROCE (Latest)
23.37%
ROE (Latest)
18.60%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
No Trend
Technical Movement
7What is working for the Company
OPERATING CASH FLOW(Y)
Highest at JPY 14,076 MM
DEBTORS TURNOVER RATIO(HY)
Highest at 3.39 times
RAW MATERIAL COST(Y)
Fallen by -5.39% (YoY
DEBT-EQUITY RATIO
(HY)
Lowest at -16.63 %
-3What is not working for the Company
ROCE(HY)
Lowest at 14.2%
INVENTORY TURNOVER RATIO(HY)
Lowest at 3.12 times
Here's what is working for Chugoku Marine Paints, Ltd.
Operating Cash Flow
Highest at JPY 14,076 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)
Debtors Turnover Ratio
Highest at 3.39 times and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Debt-Equity Ratio
Lowest at -16.63 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Raw Material Cost
Fallen by -5.39% (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 479 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 Chugoku Marine Paints, Ltd.
Inventory Turnover Ratio
Lowest at 3.12 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






