ScoreWhy is Forval Corp. ?
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 13.29%
- Company has very low debt and has enough cash to service the debt requirements
2
Flat results in Jun 26
- NET PROFIT(9M) At JPY 97.83 MM has Grown at -93.22%
- INVENTORY TURNOVER RATIO(HY) Lowest at 27.56 times
3
With ROE of 13.31%, it has a expensive valuation with a 1.56 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 -29.11%, its profits have fallen by -7.6%
- At the current price, the company has a high dividend yield of 0
4
Underperformed the market in the last 1 year
- Even though the market (Japan Nikkei 225) has generated returns of 43.58% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -29.11% returns
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.
-30.28%
-1.47
19.33%
Japan Nikkei 225
43.58%
1.48
29.43%
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)
3.52
Tax Ratio
42.49%
Dividend Payout Ratio
54.73%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
41.47%
ROE (avg)
13.29%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
1.56
EV to EBIT
5.27
EV to EBITDA
3.23
EV to Capital Employed
2.13
EV to Sales
0.26
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
40.46%
ROE (Latest)
13.31%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend6What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -1.57% (YoY
CASH AND EQV(HY)
Highest at JPY 24,012.9 MM
PRE-TAX PROFIT(Q)
At JPY 447.75 MM has Grown at 60.77%
NET PROFIT(Q)
At JPY 116.11 MM has Grown at 79.4%
-5What is not working for the Company
NET PROFIT(9M)
At JPY 97.83 MM has Grown at -93.22%
INVENTORY TURNOVER RATIO(HY)
Lowest at 27.56 times
Here's what is working for Forval Corp.
Pre-Tax Profit
At JPY 447.75 MM has Grown at 60.77%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
At JPY 116.11 MM has Grown at 79.4%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
Cash and Eqv
Highest at JPY 24,012.9 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by -1.57% (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 552.83 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 Forval Corp.
Inventory Turnover Ratio
Lowest at 27.56 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
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