ScoreWhy is First Baking Co., Ltd. ?
1
Poor Management Efficiency with a low ROCE of 4.37%
- The company has been able to generate a Return on Capital Employed (avg) of 4.37% signifying low profitability per unit of total capital (equity and debt)
2
Low ability to service debt as the company has a high Debt to EBITDA ratio of 0.01 times
- Poor long term growth as Net Sales has grown by an annual rate of 4.74% and Operating profit at 25.74% over the last 5 years
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 0.01 times
- The company has been able to generate a Return on Equity (avg) of 7.77% signifying low profitability per unit of shareholders funds
3
Poor long term growth as Net Sales has grown by an annual rate of 4.74% and Operating profit at 25.74% over the last 5 years
4
Flat results in Jun 26
- DEBT-EQUITY RATIO (HY) Highest at -34.87 %
- NET PROFIT(Q) Lowest at JPY 23.52 MM
- EPS(Q) Lowest at JPY 3.9
5
With ROE of 5.36%, it has a fair valuation with a 0.47 Price to Book Value
- Over the past year, while the stock has generated a return of 0.81%, its profits have fallen by -76.1%
- At the current price, the company has a high dividend yield of 0.2
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to First Baking Co., Ltd. should be less than 10%
- Overall Portfolio exposure to FMCG should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is First Baking Co., Ltd. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
First Baking Co., Ltd.
1.14%
-0.27
16.40%
Japan Nikkei 225
43.58%
1.48
29.43%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
4.74%
EBIT Growth (5y)
25.74%
EBIT to Interest (avg)
9.34
Debt to EBITDA (avg)
254.62
Net Debt to Equity (avg)
-0.45
Sales to Capital Employed (avg)
3.23
Tax Ratio
29.73%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
6.63%
ROE (avg)
7.77%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
Price to Book Value
0.47
EV to EBIT
2.13
EV to EBITDA
1.16
EV to Capital Employed
0.24
EV to Sales
0.05
PEG Ratio
NA
Dividend Yield
0.17%
ROCE (Latest)
11.30%
ROE (Latest)
5.36%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend6What is working for the Company
NET PROFIT(HY)
At JPY 209.52 MM has Grown at 190.99%
RAW MATERIAL COST(Y)
Fallen by 1.75% (YoY
DEBTORS TURNOVER RATIO(HY)
Highest at 10.13 times
-4What is not working for the Company
DEBT-EQUITY RATIO
(HY)
Highest at -34.87 %
NET PROFIT(Q)
Lowest at JPY 23.52 MM
EPS(Q)
Lowest at JPY 3.9
Here's what is working for First Baking Co., Ltd.
Debtors Turnover Ratio
Highest at 10.13 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 1.75% (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 160 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 First Baking Co., Ltd.
Debt-Equity Ratio
Highest at -34.87 % and Grown
In each half year 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
Net Profit
Lowest at JPY 23.52 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
EPS
Lowest at JPY 3.9
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (JPY)
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