Comparison
Company
Score
Quality
Valuation
Financial
Technical
Why is Honma Golf Ltd. ?
1
Poor long term growth as Net Sales has grown by an annual rate of -8.31% and Operating profit at -6.45% over the last 5 years
2
Negative results in Mar 25
- ROCE(HY) Lowest at -0.93%
- DIVIDEND PAYOUT RATIO(Y) Lowest at 0%
- DEBTORS TURNOVER RATIO(HY) Lowest at 5.21%
3
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -3.30%, its profits have fallen by -104.7%
4
Below par performance in long term as well as near term
- Along with generating -3.30% returns in the last 1 year, the stock has also underperformed Hang Seng Hong Kong in the last 3 years, 1 year and 3 months
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Media & Entertainment)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Honma Golf Ltd. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Honma Golf Ltd.
-3.3%
-0.23
16.87%
Hang Seng Hong Kong
27.36%
1.03
25.88%
Quality key factors
Factor
Value
Sales Growth (5y)
-8.31%
EBIT Growth (5y)
-6.45%
EBIT to Interest (avg)
29.43
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.35
Sales to Capital Employed (avg)
0.81
Tax Ratio
71.70%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
14.61%
ROE (avg)
12.95%
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
1.49
EV to EBIT
83.89
EV to EBITDA
12.21
EV to Capital Employed
1.76
EV to Sales
1.49
PEG Ratio
NA
Dividend Yield
0.56%
ROCE (Latest)
2.10%
ROE (Latest)
-0.88%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
1What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -11.4% (YoY
-7What is not working for the Company
ROCE(HY)
Lowest at -0.93%
DIVIDEND PAYOUT RATIO(Y)
Lowest at 0%
DEBTORS TURNOVER RATIO(HY)
Lowest at 5.21%
DIVIDEND PER SHARE(HY)
Lowest at HKD 5.21
PRE-TAX PROFIT(Q)
Fallen at -60.22%
NET PROFIT(Q)
Fallen at -65.27%
Here's what is working for Honma Golf Ltd.
Raw Material Cost
Fallen by -11.4% (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 HKD 64.28 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (HKD MM)
Depreciation
At HKD 64.28 MM has Grown at 24.9%
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 (HKD MM)
Here's what is not working for Honma Golf Ltd.
Pre-Tax Profit
Fallen at -60.22%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (HKD MM)
Net Profit
Fallen at -65.27%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is negative
Net Profit (HKD MM)
Debtors Turnover Ratio
Lowest at 5.21%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Dividend per share
Lowest at HKD 5.21
in the last five yearsMOJO Watch
Company is distributing lower dividend than previous years
DPS (HKD)
Dividend Payout Ratio
Lowest at 0%
in the last five yearsMOJO Watch
Company is distributing lower proportion of profits generated as dividend
DPR (%)






