ScoreWhy is NOF Corp. ?
1
High Management Efficiency with a high ROE of 12.79%
2
Company has very low debt and has enough cash to service the debt requirements
3
The company has declared Negative results for the last 3 consecutive quarters
- INTEREST(HY) At JPY 74 MM has Grown at 10.45%
- ROCE(HY) Lowest at 12.36%
- RAW MATERIAL COST(Y) Grown by 9.9% (YoY)
4
With ROE of 13.09%, it has a very attractive valuation with a 2.25 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 43.30%, its profits have risen by 7.8%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to NOF 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 NOF Corp. for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
NOF Corp.
43.3%
299.41
31.38%
Japan Nikkei 225
36.73%
1.30
28.24%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
5.67%
EBIT Growth (5y)
11.01%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.30
Sales to Capital Employed (avg)
0.84
Tax Ratio
27.91%
Dividend Payout Ratio
29.24%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
23.75%
ROE (avg)
12.79%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
17
Industry P/E
Price to Book Value
2.25
EV to EBIT
12.03
EV to EBITDA
10.23
EV to Capital Employed
2.78
EV to Sales
2.29
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
23.11%
ROE (Latest)
13.09%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
No Trend
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend4What is working for the Company
INTEREST COVERAGE RATIO(Q)
Highest at 56,670.97
OPERATING PROFIT(Q)
Highest at JPY 17,568 MM
OPERATING PROFIT MARGIN(Q)
Highest at 27.31 %
-9What is not working for the Company
INTEREST(HY)
At JPY 74 MM has Grown at 10.45%
ROCE(HY)
Lowest at 12.36%
RAW MATERIAL COST(Y)
Grown by 9.9% (YoY
DEBT-EQUITY RATIO
(HY)
Highest at -25.27 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 2.36 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 4 times
Here's what is working for NOF Corp.
Interest Coverage Ratio
Highest at 56,670.97
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Operating Profit
Highest at JPY 17,568 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 27.31 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Depreciation
Highest at JPY 6,391 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (JPY MM)
Depreciation
At JPY 6,391 MM has Grown at 137.32%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (JPY MM)
Here's what is not working for NOF Corp.
Interest
At JPY 74 MM has Grown at 10.45%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debt-Equity Ratio
Highest at -25.27 %
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
Inventory Turnover Ratio
Lowest at 2.36 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Debtors Turnover Ratio
Lowest at 4 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Raw Material Cost
Grown by 9.9% (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
Non Operating Income
Highest at JPY 0.22 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income
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