ScoreWhy is Noritz Corp. ?
1
Poor Management Efficiency with a low ROE of 3.81%
- The company has been able to generate a Return on Equity (avg) of 3.81% signifying low profitability per unit of shareholders funds
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 38.46
3
Low Debt Company with Strong Long Term Fundamental Strength
4
The company has declared Positive results for the last 3 consecutive quarters
- RAW MATERIAL COST(Y) Fallen by -2.82% (YoY)
- INVENTORY TURNOVER RATIO(HY) Highest at 4.32 times
- NET SALES(Q) At JPY 59,439 MM has Grown at 16.76%
5
With ROE of 4.71%, it has a very attractive valuation with a 0.72 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 25.73%, its profits have risen by 63968.8%
- At the current price, the company has a high dividend yield of 0.1
6
Underperformed the market in the last 1 year
- The stock has generated a return of 25.73% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 36.73%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Noritz Corp. should be less than 10%
- Overall Portfolio exposure to Industrial Manufacturing should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Industrial Manufacturing)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Noritz Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Noritz Corp.
25.73%
1.10
28.14%
Japan Nikkei 225
36.73%
1.30
28.24%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
0.22%
EBIT Growth (5y)
18.69%
EBIT to Interest (avg)
38.46
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.21
Sales to Capital Employed (avg)
1.56
Tax Ratio
32.94%
Dividend Payout Ratio
72.72%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
5.90%
ROE (avg)
3.81%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
15
Industry P/E
Price to Book Value
0.72
EV to EBIT
18.16
EV to EBITDA
6.83
EV to Capital Employed
0.65
EV to Sales
0.32
PEG Ratio
NA
Dividend Yield
0.05%
ROCE (Latest)
3.57%
ROE (Latest)
4.71%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend14What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -2.82% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 4.32 times
NET SALES(Q)
At JPY 59,439 MM has Grown at 16.76%
OPERATING PROFIT(Q)
Highest at JPY 5,859 MM
OPERATING PROFIT MARGIN(Q)
Highest at 9.86 %
PRE-TAX PROFIT(Q)
Highest at JPY 3,812 MM
NET PROFIT(Q)
Highest at JPY 2,687 MM
EPS(Q)
Highest at JPY 58.77
-19What is not working for the Company
NET PROFIT(HY)
At JPY 2,134 MM has Grown at -53.58%
CASH AND EQV(HY)
Lowest at JPY 50,308 MM
DEBT-EQUITY RATIO
(HY)
Highest at -13.79 %
DEBTORS TURNOVER RATIO(HY)
Lowest at 3.49 times
INTEREST(Q)
Highest at JPY 57 MM
Here's what is working for Noritz Corp.
Pre-Tax Profit
At JPY 3,812 MM has Grown at 214.85%
over average net sales of the previous four periods of JPY 1,210.75 MMMOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (JPY MM)
Net Profit
At JPY 2,687 MM has Grown at 323.59%
over average net sales of the previous four periods of JPY 634.35 MMMOJO Watch
Near term Net Profit trend is very positive
Net Profit (JPY MM)
Net Sales
At JPY 59,439 MM has Grown at 16.76%
over average net sales of the previous four periods of JPY 50,905.25 MMMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 5,859 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 9.86 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at JPY 3,812 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
Highest at JPY 2,687 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 58.77
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Inventory Turnover Ratio
Highest at 4.32 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -2.82% (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 2,368 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 Noritz Corp.
Interest
At JPY 57 MM has Grown at 35.71%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest
Highest at JPY 57 MM
in the last five periods and Increased by 35.71% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Cash and Eqv
Lowest at JPY 50,308 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Debt-Equity Ratio
Highest at -13.79 %
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
Debtors Turnover Ratio
Lowest at 3.49 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
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