ScoreWhy is Kureha Corp. ?
1
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 65.11
2
Poor long term growth as Net Sales has grown by an annual rate of 2.61% over the last 5 years
3
The company has declared Negative results for the last 9 consecutive quarters
- NET PROFIT(9M) At JPY 4,209 MM has Grown at -27.53%
- INTEREST(Q) At JPY 107 MM has Grown at 143.18%
- INTEREST COVERAGE RATIO(Q) Lowest at 4,283.18
4
With ROE of 3.77%, it has a very attractive valuation with a 0.82 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 40.48%, its profits have fallen by -19.8%
- At the current price, the company has a high dividend yield of 0
5
Market Beating Performance
- The stock has generated a return of 40.48% in the last 1 year, much higher than market (Japan Nikkei 225) returns of 29.35%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Kureha Corp. should be less than 10%
- Overall Portfolio exposure to Specialty Chemicals should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Specialty Chemicals)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Kureha Corp. for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
Kureha Corp.
38.68%
1.32
29.91%
Japan Nikkei 225
28.54%
1.14
25.81%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
2.61%
EBIT Growth (5y)
-6.71%
EBIT to Interest (avg)
65.11
Debt to EBITDA (avg)
0.80
Net Debt to Equity (avg)
0.28
Sales to Capital Employed (avg)
0.65
Tax Ratio
22.66%
Dividend Payout Ratio
57.93%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
8.64%
ROE (avg)
6.15%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
22
Industry P/E
Price to Book Value
0.82
EV to EBIT
23.29
EV to EBITDA
10.22
EV to Capital Employed
0.86
EV to Sales
1.43
PEG Ratio
NA
Dividend Yield
0.01%
ROCE (Latest)
3.69%
ROE (Latest)
3.77%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
No Signal
Bearish
Bollinger Bands
Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend0What is working for the Company
NO KEY POSITIVE TRIGGERS
-24What is not working for the Company
NET PROFIT(9M)
At JPY 4,209 MM has Grown at -27.53%
INTEREST(Q)
At JPY 107 MM has Grown at 143.18%
INTEREST COVERAGE RATIO(Q)
Lowest at 4,283.18
RAW MATERIAL COST(Y)
Grown by 6.01% (YoY
DEBT-EQUITY RATIO
(HY)
Highest at 57.94 %
NET SALES(Q)
Lowest at JPY 36,540 MM
Here's what is not working for Kureha Corp.
Net Sales
At JPY 36,540 MM has Fallen at -9.79%
over average net sales of the previous four periods of JPY 40,503.75 MMMOJO Watch
Near term sales trend is very negative
Net Sales (JPY MM)
Interest
At JPY 107 MM has Grown at 143.18%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest Coverage Ratio
Lowest at 4,283.18
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Net Profit
At JPY 4,209 MM has Grown at -27.53%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
Net Sales
Lowest at JPY 36,540 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (JPY MM)
Interest
Highest at JPY 107 MM
in the last five periods and Increased by 143.18% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debt-Equity Ratio
Highest at 57.94 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Raw Material Cost
Grown by 6.01% (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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