Why is Nitta Corp. ?
1
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 86.00
2
With a growth in Net Profit of 59.73%, the company declared Very Positive results in Mar 26
- The company has declared positive results for the last 3 consecutive quarters
- ROCE(HY) Highest at 8.5%
- INTEREST COVERAGE RATIO(Q) Highest at 20,675
- RAW MATERIAL COST(Y) Fallen by -9.93% (YoY)
3
With ROE of 7.98%, it has a very attractive valuation with a 0.83 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 66.67%, its profits have risen by 5% ; the PEG ratio of the company is 2.1
- At the current price, the company has a high dividend yield of 0
How much should you buy?
- Overall Portfolio exposure to Nitta Corp. should be less than 10%
- Overall Portfolio exposure to Other Industrial Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Industrial Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Nitta Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Nitta Corp.
66.67%
2.47
23.23%
Japan Nikkei 225
85.83%
3.09
27.80%
Quality key factors
Factor
Value
Sales Growth (5y)
3.16%
EBIT Growth (5y)
13.36%
EBIT to Interest (avg)
86.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.25
Sales to Capital Employed (avg)
0.61
Tax Ratio
16.96%
Dividend Payout Ratio
32.06%
Pledged Shares
0
Institutional Holding
0.02%
ROCE (avg)
4.89%
ROE (avg)
7.57%
Valuation Key Factors 
Factor
Value
P/E Ratio
10
Industry P/E
Price to Book Value
0.83
EV to EBIT
17.71
EV to EBITDA
11.02
EV to Capital Employed
0.77
EV to Sales
1.04
PEG Ratio
2.07
Dividend Yield
NA
ROCE (Latest)
4.37%
ROE (Latest)
7.98%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
No Signal
Bollinger Bands
Mildly Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Bullish
OBV
No Trend
Bullish
Technical Movement
12What is working for the Company
ROCE(HY)
Highest at 8.5%
INTEREST COVERAGE RATIO(Q)
Highest at 20,675
RAW MATERIAL COST(Y)
Fallen by -9.93% (YoY
DIVIDEND PER SHARE(HY)
Highest at JPY 3.35
NET SALES(Q)
Highest at JPY 24,433 MM
PRE-TAX PROFIT(Q)
Highest at JPY 6,047 MM
NET PROFIT(Q)
Highest at JPY 5,262.34 MM
EPS(Q)
Highest at JPY 158.06
-2What is not working for the Company
DIVIDEND PAYOUT RATIO(Y)
Lowest at 55.68%
DEBT-EQUITY RATIO
(HY)
Highest at -23.6 %
Here's what is working for Nitta Corp.
Interest Coverage Ratio
Highest at 20,675
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Sales
Highest at JPY 24,433 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Pre-Tax Profit
Highest at JPY 6,047 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 6,047 MM has Grown at 71.64%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
Highest at JPY 5,262.34 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
Net Profit
At JPY 5,262.34 MM has Grown at 75.78%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 158.06
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Dividend per share
Highest at JPY 3.35
in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (JPY)
Raw Material Cost
Fallen by -9.93% (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 896 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 Nitta Corp.
Debt-Equity Ratio
Highest at -23.6 %
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
Dividend Payout Ratio
Lowest at 55.68%
in the last five yearsMOJO Watch
Company is distributing lower proportion of profits generated as dividend
DPR (%)
Non Operating Income
Highest at JPY 0.9 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income






