ScoreWhy is Horiba Ltd. ?
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 12.06%
- Healthy long term growth as Net Sales has grown by an annual rate of 9.80%
- Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 55.93
2
With ROE of 11.62%, it has a very attractive valuation with a 1.50 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 74.33%, its profits have risen by 2.7% ; the PEG ratio of the company is 3.8
- At the current price, the company has a high dividend yield of 0
3
Market Beating performance in long term as well as near term
- Along with generating 74.33% returns in the last 1 year, the stock has outperformed Japan Nikkei 225 in the last 3 years, 1 year and 3 months
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to Horiba Ltd. should be less than 10%
- Overall Portfolio exposure to Industrial Manufacturing should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Industrial Manufacturing)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Horiba Ltd. for you?
Low Risk, Medium Return
Absolute
Risk Adjusted
Volatility
Horiba Ltd.
74.33%
0.81
34.19%
Japan Nikkei 225
28.54%
1.11
25.75%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
9.80%
EBIT Growth (5y)
19.70%
EBIT to Interest (avg)
55.93
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.28
Sales to Capital Employed (avg)
0.86
Tax Ratio
30.96%
Dividend Payout Ratio
30.65%
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
21.55%
ROE (avg)
12.06%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
13
Industry P/E
Price to Book Value
1.50
EV to EBIT
7.43
EV to EBITDA
5.89
EV to Capital Employed
1.69
EV to Sales
1.17
PEG Ratio
3.78
Dividend Yield
0.02%
ROCE (Latest)
22.75%
ROE (Latest)
11.62%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Bullish
Bullish
OBV
Bullish
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend5What is working for the Company
INTEREST COVERAGE RATIO(Q)
The company hardly has any interest cost
RAW MATERIAL COST(Y)
Fallen by -0.36% (YoY
CASH AND EQV(HY)
Highest at JPY 303,363 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -28.4 %
-1What is not working for the Company
DIVIDEND PAYOUT RATIO(Y)
Lowest at 43.36%
Here's what is working for Horiba Ltd.
Cash and Eqv
Highest at JPY 303,363 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at -28.4 %
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 -0.36% (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 Horiba Ltd.
Dividend Payout Ratio
Lowest at 43.36%
in the last five yearsMOJO Watch
Company is distributing lower proportion of profits generated as dividend
DPR (%)
Non Operating Income
Highest at JPY 0.08 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income
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