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NHK Spring Co., Ltd.

  • Market Cap: Mid Cap
  • Industry: Auto Components & Equipments
  • ISIN: JP3742600004
JPY
2,639.00
66 (2.57%)

Mar 24

TKS

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  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Comparison

Company
Score
Quality
Valuation
Financial
Technical
NSK Ltd.
Toyota Boshoku Corp.
JTEKT Corp.
Niterra Co., Ltd.
Toyoda Gosei Co., Ltd.
DENSO Corp.
TOKAI RIKA CO., LTD.
Aisin Corp.
NHK Spring Co., Ltd.
Stanley Electric Co., Ltd.
Koito Manufacturing Co., Ltd.

Why is NHK Spring Co., Ltd. ?

1
Company has very low debt and has enough cash to service the debt requirements
2
Low Debt Company with Strong Long Term Fundamental Strength
3
Negative results in Dec 25
  • INTEREST(Q) At JPY 169 MM has Grown at 77.89%
  • DEBT-EQUITY RATIO (HY) Highest at -1.94 %
  • INVENTORY TURNOVER RATIO(HY) Lowest at 7.06 times
4
With ROE of 12.08%, it has a very attractive valuation with a 0.95 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 53.83%, its profits have risen by 10.2% ; the PEG ratio of the company is 0.8
  • At the current price, the company has a high dividend yield of 0
5
Consistent Returns over the last 3 years
  • Along with generating 53.83% returns in the last 1 year, the stock has outperformed Japan Nikkei 225 in each of the last 3 annual periods
stock-recommendationReal-Time Research Report

Verdict Report

How much should you hold?

  1. Overall Portfolio exposure to NHK Spring Co., Ltd. should be less than 10%
  2. Overall Portfolio exposure to Auto Components & Equipments should be less than 30%

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Auto Components & Equipments)

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is NHK Spring Co., Ltd. for you?

Medium Risk, High Return

Absolute
Risk Adjusted
Volatility
NHK Spring Co., Ltd.
53.83%
1.51
40.63%
Japan Nikkei 225
36.73%
1.30
28.24%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor
Value
Sales Growth (5y)
3.83%
EBIT Growth (5y)
20.28%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.06
Sales to Capital Employed (avg)
1.69
Tax Ratio
16.21%
Dividend Payout Ratio
30.70%
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
8.78%
ROE (avg)
9.55%
stock-recommendationValuation

Valuation Scorecard stock-summary

stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary

Factor
Value
P/E Ratio
8
Industry P/E
Price to Book Value
0.95
EV to EBIT
6.95
EV to EBITDA
4.45
EV to Capital Employed
0.95
EV to Sales
0.45
PEG Ratio
0.77
Dividend Yield
0.03%
ROCE (Latest)
13.68%
ROE (Latest)
12.08%
stock-recommendationTechnicals

Technical key factors

Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
Bullish
OBV
No Trend
Bullish
stock-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
Analyse All Technical Factors stock-recommendation
stock-recommendationFinancial Trend

Financial Trend Scorecard stock-summary

stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

1What is working for the Company
RAW MATERIAL COST(Y)

Fallen by -2.87% (YoY

-13What is not working for the Company
INTEREST(Q)

At JPY 169 MM has Grown at 77.89%

DEBT-EQUITY RATIO (HY)

Highest at -1.94 %

INVENTORY TURNOVER RATIO(HY)

Lowest at 7.06 times

DEBTORS TURNOVER RATIO(HY)

Lowest at 4.88 times

Here's what is working for NHK Spring Co., Ltd.

Raw Material Cost
Fallen by -2.87% (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 7,779 MM
in the last five periods
MOJO Watch
The expenditure on assets done by the company may have gone into operation

Depreciation (JPY MM)

Here's what is not working for NHK Spring Co., Ltd.

Interest
At JPY 169 MM has Grown at 77.89%
period on period (QoQ)
MOJO Watch
Rising interest cost signifies increased borrowings

Interest Paid (JPY MM)

Debt-Equity Ratio
Highest at -1.94 %
in the last five Semi-Annual periods
MOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed

Debt-Equity Ratio

Inventory Turnover Ratio
Lowest at 7.06 times
in the last five Semi-Annual periods
MOJO Watch
Company's pace of selling inventory has slowed

Inventory Turnover Ratio

Debtors Turnover Ratio
Lowest at 4.88 times
in the last five Semi-Annual periods
MOJO Watch
Company's pace of selling Debtors has slowed

Debtors Turnover Ratio

Non Operating Income
Highest at JPY 0.24 MM
in the last five periods
MOJO Watch
Increased income from non business activities may not be sustainable

Non Operating income

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