ScoreWhy is Forval Corp. ?
1
High Management Efficiency with a high ROE of 13.29%
2
Company has very low debt and has enough cash to service the debt requirements
3
Poor long term growth as Operating profit has grown by an annual rate 6.96% of over the last 5 years
4
Flat results in Mar 26
- NET PROFIT(HY) At JPY -18.28 MM has Grown at -101.33%
- ROCE(HY) Lowest at 8.11%
- INTEREST(Q) At JPY 8.16 MM has Grown at 12.16%
5
With ROE of 13.31%, it has a very expensive valuation with a 1.78 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 -22.71%, its profits have fallen by -7.6%
- At the current price, the company has a high dividend yield of 0
6
Below par performance in long term as well as near term
- Along with generating -22.71% 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 Forval Corp. should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Forval Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Forval Corp.
-22.71%
-1.21
22.73%
Japan Nikkei 225
85.83%
3.09
27.80%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
8.14%
EBIT Growth (5y)
6.96%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.50
Sales to Capital Employed (avg)
3.54
Tax Ratio
40.25%
Dividend Payout Ratio
36.12%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
41.81%
ROE (avg)
13.29%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
13
Industry P/E
Price to Book Value
1.78
EV to EBIT
6.40
EV to EBITDA
3.92
EV to Capital Employed
2.59
EV to Sales
0.31
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
40.46%
ROE (Latest)
13.31%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend12What is working for the Company
DIVIDEND PER SHARE(HY)
Highest at JPY 5.26
INTEREST COVERAGE RATIO(Q)
Highest at 26,221.63
RAW MATERIAL COST(Y)
Fallen by -8.2% (YoY
CASH AND EQV(HY)
Highest at JPY 23,157.65 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -53.26 %
OPERATING PROFIT(Q)
Highest at JPY 2,140.47 MM
OPERATING PROFIT MARGIN(Q)
Highest at 10.72 %
PRE-TAX PROFIT(Q)
Highest at JPY 1,783.55 MM
NET PROFIT(Q)
Highest at JPY 1,109.03 MM
EPS(Q)
Highest at JPY 43.73
-14What is not working for the Company
NET PROFIT(HY)
At JPY -18.28 MM has Grown at -101.33%
ROCE(HY)
Lowest at 8.11%
INTEREST(Q)
At JPY 8.16 MM has Grown at 12.16%
INVENTORY TURNOVER RATIO(HY)
Lowest at 28 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 5.26 times
Here's what is working for Forval Corp.
Interest Coverage Ratio
Highest at 26,221.63
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Dividend per share
Highest at JPY 5.26 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (JPY)
Operating Profit
Highest at JPY 2,140.47 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 10.72 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at JPY 1,783.55 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
Highest at JPY 1,109.03 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 43.73
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Cash and Eqv
Highest at JPY 23,157.65 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at -53.26 %
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 -8.2% (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
Here's what is not working for Forval Corp.
Interest
At JPY 8.16 MM has Grown at 12.16%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Inventory Turnover Ratio
Lowest at 28 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Debtors Turnover Ratio
Lowest at 5.26 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
GET THE MARKETSMOJO APP
Company
Stocks
Portfolio
"Investment in securities markets are subject to market risk. Read all the related documents carefully before investing."
