ScoreWhy is Chugoku Marine Paints, Ltd. ?
1
The company is Net-Debt Free
2
Healthy long term growth as Operating profit has grown by an annual rate 21.18%
3
Flat results in Mar 26
- ROCE(HY) Lowest at 12.28%
- INTEREST(Q) At JPY 130 MM has Grown at 12.07%
- INVENTORY TURNOVER RATIO(HY) Lowest at 3.13 times
4
With ROE of 16.04%, it has a fair valuation with a 2.34 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 26.92%, its profits have fallen by -3.5%
- At the current price, the company has a high dividend yield of 0
5
Underperformed the market in the last 1 year
- The stock has generated a return of 26.92% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 85.83%
Real-Time Research ReportHow 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, Low Return
Absolute
Risk Adjusted
Volatility
Chugoku Marine Paints, Ltd.
26.92%
1.49
43.05%
Japan Nikkei 225
85.83%
3.09
27.80%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
10.41%
EBIT Growth (5y)
21.18%
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)
1.24
Tax Ratio
14.83%
Dividend Payout Ratio
35.05%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
12.62%
ROE (avg)
10.07%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
15
Industry P/E
Price to Book Value
2.34
EV to EBIT
11.53
EV to EBITDA
10.40
EV to Capital Employed
2.61
EV to Sales
1.40
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
22.61%
ROE (Latest)
16.04%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend6What is working for the Company
DIVIDEND PAYOUT RATIO(Y)
Highest at 110.7%
RAW MATERIAL COST(Y)
Fallen by -2.17% (YoY
CASH AND EQV(HY)
Highest at JPY 77,857 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -25.34 %
DEBTORS TURNOVER RATIO(HY)
Highest at 3.4 times
NET SALES(Q)
Highest at JPY 37,434 MM
-7What is not working for the Company
ROCE(HY)
Lowest at 12.28%
INTEREST(Q)
At JPY 130 MM has Grown at 12.07%
INVENTORY TURNOVER RATIO(HY)
Lowest at 3.13 times
NET PROFIT(Q)
Lowest at JPY 2,288.48 MM
EPS(Q)
Lowest at JPY 44.26
Here's what is working for Chugoku Marine Paints, Ltd.
Net Sales
Highest at JPY 37,434 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Cash and Eqv
Highest at JPY 77,857 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at -25.34 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Debtors Turnover Ratio
Highest at 3.4 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Dividend Payout Ratio
Highest at 110.7%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Raw Material Cost
Fallen by -2.17% (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 483 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.
Interest
At JPY 130 MM has Grown at 12.07%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Net Profit
Lowest at JPY 2,288.48 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
EPS
Lowest at JPY 44.26
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (JPY)
Inventory Turnover Ratio
Lowest at 3.13 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
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