ScoreWhy is iRay Technology Co., Ltd. ?
1
Poor Management Efficiency with a low ROCE of 32.57%
- The company has been able to generate a Return on Capital Employed (avg) of 32.57% signifying low profitability per unit of total capital (equity and debt)
2
The company is Net-Debt Free
- Poor long term growth as Net Sales has grown by an annual rate of 22.99% and Operating profit at 18.57% over the last 5 years
- The company is Net-Debt Free
- The company has been able to generate a Return on Equity (avg) of 13.25% signifying low profitability per unit of shareholders funds
3
Poor long term growth as Net Sales has grown by an annual rate of 22.99% and Operating profit at 18.57% over the last 5 years
4
The company has declared Positive results for the last 5 consecutive quarters
- CASH AND EQV(HY) Highest at CNY 7,496.1 MM
- DEBT-EQUITY RATIO (HY) Lowest at -1 %
- INVENTORY TURNOVER RATIO(HY) Highest at 1.79 times
5
With ROE of 10.61%, it has a very expensive valuation with a 4.83 Price to Book Value
- Over the past year, while the stock has generated a return of 19.01%, its profits have risen by 48.6% ; the PEG ratio of the company is 7.7
- At the current price, the company has a high dividend yield of 0.5
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to iRay Technology Co., Ltd. should be less than 10%
- Overall Portfolio exposure to Pharmaceuticals & Biotechnology should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Pharmaceuticals & Biotechnology)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is iRay Technology Co., Ltd. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
iRay Technology Co., Ltd.
6.79%
-0.39
64.90%
China Shanghai Composite
0.9%
0.22
14.72%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
22.99%
EBIT Growth (5y)
18.57%
EBIT to Interest (avg)
39.52
Debt to EBITDA (avg)
0.73
Net Debt to Equity (avg)
0.29
Sales to Capital Employed (avg)
0.23
Tax Ratio
8.14%
Dividend Payout Ratio
22.29%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
17.04%
ROE (avg)
13.25%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
45
Industry P/E
Price to Book Value
4.83
EV to EBIT
51.62
EV to EBITDA
41.64
EV to Capital Employed
4.36
EV to Sales
13.10
PEG Ratio
7.71
Dividend Yield
0.46%
ROCE (Latest)
8.45%
ROE (Latest)
10.61%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend19What is working for the Company
CASH AND EQV(HY)
Highest at CNY 7,496.1 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -1 %
INVENTORY TURNOVER RATIO(HY)
Highest at 1.79 times
DEBTORS TURNOVER RATIO(HY)
Highest at 2.48 times
NET SALES(Q)
Highest at CNY 984.77 MM
OPERATING PROFIT(Q)
Highest at CNY 374.02 MM
PRE-TAX PROFIT(Q)
Highest at CNY 280.61 MM
NET PROFIT(Q)
Highest at CNY 227.89 MM
EPS(Q)
Highest at CNY 0.76
-10What is not working for the Company
RAW MATERIAL COST(Y)
Grown by 14.7% (YoY
INTEREST(Q)
Highest at CNY 34.57 MM
Here's what is working for iRay Technology Co., Ltd.
Net Sales
At CNY 984.77 MM has Grown at 68.31%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (CNY MM)
Net Sales
Highest at CNY 984.77 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (CNY MM)
Operating Profit
Highest at CNY 374.02 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (CNY MM)
Pre-Tax Profit
Highest at CNY 280.61 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (CNY MM)
Net Profit
Highest at CNY 227.89 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (CNY MM)
EPS
Highest at CNY 0.76
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (CNY)
Cash and Eqv
Highest at CNY 7,496.1 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at -1 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Inventory Turnover Ratio
Highest at 1.79 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Debtors Turnover Ratio
Highest at 2.48 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Here's what is not working for iRay Technology Co., Ltd.
Interest
Highest at CNY 34.57 MM
in the last five periods and Increased by 9.94% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (CNY MM)
Raw Material Cost
Grown by 14.7% (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
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