ScoreWhy is f-code, Inc. ?
1
High Management Efficiency with a high ROE of 13.64%
2
The company is Net-Debt Free
- The company is Net-Debt Free
3
Healthy long term growth as Net Sales has grown by an annual rate of 253.29% and Operating profit at 297.52%
4
Flat results in Dec 25
- OPERATING CASH FLOW(Y) Lowest at JPY 0 MM
- INTEREST COVERAGE RATIO(Q) Lowest at 543.73
- DEBT-EQUITY RATIO (HY) Highest at 65.67 %
5
With ROE of 19.95%, it has a fair valuation with a 2.62 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 -13.28%, its profits have risen by 64.1% ; the PEG ratio of the company is 0.2
6
Below par performance in long term as well as near term
- Along with generating -13.28% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in the last 3 years, 1 year and 3 months
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to f-code, Inc. should be less than 10%
- Overall Portfolio exposure to Miscellaneous should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Miscellaneous)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is f-code, Inc. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
f-code, Inc.
-13.28%
0.20
54.01%
Japan Nikkei 225
70.84%
2.78
25.51%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
253.29%
EBIT Growth (5y)
297.52%
EBIT to Interest (avg)
12.00
Debt to EBITDA (avg)
2.15
Net Debt to Equity (avg)
0.58
Sales to Capital Employed (avg)
0.37
Tax Ratio
30.04%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
12.38%
ROE (avg)
13.64%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
13
Industry P/E
Price to Book Value
2.62
EV to EBIT
12.84
EV to EBITDA
11.55
EV to Capital Employed
2.00
EV to Sales
2.04
PEG Ratio
0.22
Dividend Yield
NA
ROCE (Latest)
15.56%
ROE (Latest)
19.95%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend19What is working for the Company
NET SALES(Q)
Highest at JPY 3,535.21 MM
RAW MATERIAL COST(Y)
Fallen by -17.4% (YoY
NET PROFIT(Q)
Highest at JPY 416 MM
EPS(Q)
Highest at JPY 31.82
-17What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at JPY 0 MM
INTEREST COVERAGE RATIO(Q)
Lowest at 543.73
DEBT-EQUITY RATIO
(HY)
Highest at 65.67 %
INTEREST(Q)
Highest at JPY 104.7 MM
Here's what is working for f-code, Inc.
Net Sales
Highest at JPY 3,535.21 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (JPY MM)
Net Sales
At JPY 3,535.21 MM has Grown at 35.24%
over average net sales of the previous four periods of JPY 2,613.95 MMMOJO Watch
Near term sales trend is very positive
Net Sales (JPY MM)
Net Profit
Highest at JPY 416 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 31.82
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Raw Material Cost
Fallen by -17.4% (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 85.9 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 85.9 MM has Grown at 82.17%
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 f-code, Inc.
Operating Cash Flow
Lowest at JPY 0 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 104.7 MM has Grown at 76.86%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest Coverage Ratio
Lowest at 543.73
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Interest
Highest at JPY 104.7 MM
in the last five periods and Increased by 76.86% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debt-Equity Ratio
Highest at 65.67 %
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
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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