ScoreWhy is NOVARESE, Inc. ?
1
Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 28.30
- Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 28.30
2
Poor long term growth as Net Sales has grown by an annual rate of 8.51% over the last 5 years
3
Flat results in Jun 26
- RAW MATERIAL COST(Y) Grown by 6.69% (YoY)
- DEBT-EQUITY RATIO (HY) Highest at 282.82 %
- INVENTORY TURNOVER RATIO(HY) Lowest at 17.7 times
4
Underperformed the market in the last 1 year
- The stock has generated a return of 0.60% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 43.52%
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Tour, Travel Related Services)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is NOVARESE, Inc. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
NOVARESE, Inc.
-100.0%
0.56
20.28%
Japan Nikkei 225
43.52%
1.48
29.43%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
8.51%
EBIT Growth (5y)
18.47%
EBIT to Interest (avg)
19.28
Debt to EBITDA (avg)
4.13
Net Debt to Equity (avg)
1.93
Sales to Capital Employed (avg)
0.84
Tax Ratio
34.95%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
8.74%
ROE (avg)
8.34%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
Price to Book Value
1.08
EV to EBIT
9.66
EV to EBITDA
4.66
EV to Capital Employed
1.04
EV to Sales
1.01
PEG Ratio
0.15
Dividend Yield
NA
ROCE (Latest)
10.74%
ROE (Latest)
12.57%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Mildly Bullish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend18What is working for the Company
OPERATING CASH FLOW(Y)
Highest at JPY 4,230.56 MM
NET PROFIT(9M)
Higher at JPY 1,495.79 MM
NET SALES(Q)
Highest at JPY 12,068.19 MM
-17What is not working for the Company
RAW MATERIAL COST(Y)
Grown by 6.69% (YoY
DEBT-EQUITY RATIO
(HY)
Highest at 282.82 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 17.7 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 30.31 times
INTEREST(Q)
Highest at JPY 240.1 MM
Here's what is working for NOVARESE, Inc.
Net Sales
At JPY 12,068.19 MM has Grown at 117.69%
Year on Year (YoY)MOJO Watch
Near term sales trend is extremely positive
Net Sales (JPY MM)
Operating Cash Flow
Highest at JPY 4,230.56 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (JPY MM)
Net Sales
Highest at JPY 12,068.19 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Net Profit
Higher at JPY 1,495.79 MM
than preceding 12 month period ended Jun 2026MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (JPY MM)
Depreciation
Highest at JPY 1,675.2 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 1,675.2 MM has Grown at 167.84%
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 NOVARESE, Inc.
Interest
At JPY 240.1 MM has Grown at 114.95%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest
Highest at JPY 240.1 MM
in the last five periods and Increased by 114.95% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debt-Equity Ratio
Highest at 282.82 %
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 17.7 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 30.31 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 6.69% (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
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