Why is Howtelevision, Inc. ?
1
High Management Efficiency with a high ROE of 21.49%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 80.24
3
Healthy long term growth as Net Sales has grown by an annual rate of 21.03% and Operating profit at 34.58%
- ROCE(HY) Lowest at 23.74%
- DEBTORS TURNOVER RATIO(HY) Lowest at 14.95%
- INTEREST(Q) Highest at JPY 1.58 MM
4
With ROE of 20.04%, it has a expensive valuation with a 2.04 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 -8.85%, its profits have fallen by -12.4%
5
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -8.85% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Howtelevision, Inc. should be less than 10%
- Overall Portfolio exposure to Computers - Software & Consulting should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Computers - Software & Consulting)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Howtelevision, Inc. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Howtelevision, Inc.
-8.85%
-0.83
64.93%
Japan Nikkei 225
28.54%
1.11
25.75%
Quality key factors
Factor
Value
Sales Growth (5y)
21.03%
EBIT Growth (5y)
34.58%
EBIT to Interest (avg)
69.22
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.75
Sales to Capital Employed (avg)
1.26
Tax Ratio
36.28%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
115.32%
ROE (avg)
21.49%
Valuation Key Factors 
Factor
Value
P/E Ratio
10
Industry P/E
Price to Book Value
2.04
EV to EBIT
4.21
EV to EBITDA
3.22
EV to Capital Employed
5.13
EV to Sales
0.78
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
121.90%
ROE (Latest)
20.04%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bullish
Bearish
OBV
Mildly Bullish
Mildly Bearish
Technical Movement
13What is working for the Company
NET SALES(Q)
At JPY 578.55 MM has Grown at 59.64%
PRE-TAX PROFIT(Q)
At JPY 32.81 MM has Grown at 208.17%
NET PROFIT(Q)
At JPY 16.63 MM has Grown at 173.94%
RAW MATERIAL COST(Y)
Fallen by 0.94% (YoY
CASH AND EQV(HY)
Highest at JPY 3,226.83 MM
-14What is not working for the Company
ROCE(HY)
Lowest at 23.74%
DEBTORS TURNOVER RATIO(HY)
Lowest at 14.95%
INTEREST(Q)
Highest at JPY 1.58 MM
Here's what is working for Howtelevision, Inc.
Net Sales
At JPY 578.55 MM has Grown at 59.64%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (JPY MM)
Pre-Tax Profit
At JPY 32.81 MM has Grown at 208.17%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (JPY MM)
Net Profit
At JPY 16.63 MM has Grown at 173.94%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (JPY MM)
Cash and Eqv
Highest at JPY 3,226.83 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by 0.94% (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 38.18 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 Howtelevision, Inc.
Interest
At JPY 1.58 MM has Grown at 34.24%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest
Highest at JPY 1.58 MM
in the last five periods and Increased by 34.24% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debtors Turnover Ratio
Lowest at 14.95%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio






