ScoreWhy is Nireco Corp. ?
1
Company has very low debt and has enough cash to service the debt requirements
2
Poor long term growth as Net Sales has grown by an annual rate of 5.12% over the last 5 years
3
Flat results in Mar 26
- INVENTORY TURNOVER RATIO(HY) Lowest at 1.6 times
- INTEREST(Q) Highest at JPY 1.42 MM
4
With ROE of 8.11%, it has a very attractive valuation with a 1.02 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 42.12%, its profits have risen by 9.8% ; the PEG ratio of the company is 1.3
- At the current price, the company has a high dividend yield of 0
5
Underperformed the market in the last 1 year
- The stock has generated a return of 42.12% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 85.83%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Nireco Corp. should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Nireco Corp. for you?
Low Risk, Medium Return
Absolute
Risk Adjusted
Volatility
Nireco Corp.
42.12%
3.27
28.64%
Japan Nikkei 225
85.83%
3.09
27.80%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
5.12%
EBIT Growth (5y)
15.72%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.28
Sales to Capital Employed (avg)
0.64
Tax Ratio
24.44%
Dividend Payout Ratio
45.00%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
10.38%
ROE (avg)
5.55%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
13
Industry P/E
Price to Book Value
1.02
EV to EBIT
8.03
EV to EBITDA
6.86
EV to Capital Employed
1.03
EV to Sales
1.23
PEG Ratio
1.29
Dividend Yield
NA
ROCE (Latest)
12.82%
ROE (Latest)
8.11%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Bullish
Bullish
OBV
Mildly Bullish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend10What is working for the Company
RAW MATERIAL COST(Y)
Fallen by 1.19% (YoY
NET SALES(Q)
Highest at JPY 3,376.39 MM
OPERATING PROFIT(Q)
Highest at JPY 739.66 MM
PRE-TAX PROFIT(Q)
Highest at JPY 779.45 MM
NET PROFIT(Q)
Highest at JPY 649.58 MM
EPS(Q)
Highest at JPY 83.9
-11What is not working for the Company
INVENTORY TURNOVER RATIO(HY)
Lowest at 1.6 times
INTEREST(Q)
Highest at JPY 1.42 MM
Here's what is working for Nireco Corp.
Net Sales
At JPY 3,376.39 MM has Grown at 24.67%
over average net sales of the previous four periods of JPY 2,708.36 MMMOJO Watch
Near term sales trend is very positive
Net Sales (JPY MM)
Net Sales
Highest at JPY 3,376.39 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 739.66 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Pre-Tax Profit
Highest at JPY 779.45 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Pre-Tax Profit
At JPY 779.45 MM has Grown at 74.79%
over average net sales of the previous four periods of JPY 445.94 MMMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
Highest at JPY 649.58 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
Net Profit
At JPY 649.58 MM has Grown at 95.28%
over average net sales of the previous four periods of JPY 332.64 MMMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 83.9
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Raw Material Cost
Fallen by 1.19% (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 86.39 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 Nireco Corp.
Interest
At JPY 1.42 MM has Grown at 188.01%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest
Highest at JPY 1.42 MM
in the last five periods and Increased by 188.01% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Inventory Turnover Ratio
Lowest at 1.6 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
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