ScoreWhy is Horiba Ltd. ?
1
High Management Efficiency with a high ROE of 12.06%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 55.93
3
Healthy long term growth as Net Sales has grown by an annual rate of 12.23%
4
Flat results in Mar 26
- ROCE(HY) Lowest at 11.57%
- RAW MATERIAL COST(Y) Grown by 6.89% (YoY)
5
With ROE of 11.27%, it has a attractive valuation with a 2.37 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 174.06%, its profits have risen by 14.1% ; the PEG ratio of the company is 1.5
- At the current price, the company has a high dividend yield of 0
6
Market Beating performance in long term as well as near term
- Along with generating 174.06% 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 hold?
- 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, High Return
Absolute
Risk Adjusted
Volatility
Horiba Ltd.
164.35%
3.65
35.83%
Japan Nikkei 225
88.41%
3.25
27.24%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
12.23%
EBIT Growth (5y)
21.89%
EBIT to Interest (avg)
55.93
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.28
Sales to Capital Employed (avg)
0.84
Tax Ratio
30.96%
Dividend Payout Ratio
32.82%
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
21.55%
ROE (avg)
12.06%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
21
Industry P/E
Price to Book Value
2.37
EV to EBIT
13.71
EV to EBITDA
10.88
EV to Capital Employed
2.90
EV to Sales
2.18
PEG Ratio
1.49
Dividend Yield
0.01%
ROCE (Latest)
21.15%
ROE (Latest)
11.27%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Bullish
OBV
No Trend
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend3What is working for the Company
CASH AND EQV(HY)
Highest at JPY 317,490 MM
INVENTORY TURNOVER RATIO(HY)
Highest at 2 times
NET SALES(Q)
At JPY 84,529 MM has Grown at 17.6%
-3What is not working for the Company
ROCE(HY)
Lowest at 11.57%
RAW MATERIAL COST(Y)
Grown by 6.89% (YoY
Here's what is working for Horiba Ltd.
Net Sales
At JPY 84,529 MM has Grown at 17.6%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Cash and Eqv
Highest at JPY 317,490 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Inventory Turnover Ratio
Highest at 2 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Here's what is not working for Horiba Ltd.
Raw Material Cost
Grown by 6.89% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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