ScoreWhy is Novoray Corp. ?
1
With ROE of 17.48%, it has a very expensive valuation with a 9.29 Price to Book Value
- Over the past year, while the stock has generated a return of 45.30%, its profits have risen by 24.6%
- At the current price, the company has a high dividend yield of 0.6
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 Specialty Chemicals)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Novoray Corp. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Novoray Corp.
435.12%
1.45
55.09%
China Shanghai Composite
23.91%
1.58
14.20%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
19.90%
EBIT Growth (5y)
20.34%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.20
Sales to Capital Employed (avg)
0.55
Tax Ratio
12.44%
Dividend Payout Ratio
41.26%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
18.05%
ROE (avg)
14.59%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
129
Industry P/E
Price to Book Value
20.98
EV to EBIT
119.27
EV to EBITDA
104.03
EV to Capital Employed
22.40
EV to Sales
32.68
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
18.78%
ROE (Latest)
16.30%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Bullish
Bullish
OBV
Bullish
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend4What is working for the Company
NET SALES(9M)
At CNY 890.21 MM has Grown at 17.8%
RAW MATERIAL COST(Y)
Fallen by -1.35% (YoY
CASH AND EQV(HY)
Highest at CNY 1,771.22 MM
-15What is not working for the Company
INTEREST COVERAGE RATIO(Q)
Lowest at 2,883.52
INVENTORY TURNOVER RATIO(HY)
Lowest at 4.79 times
INTEREST(Q)
Highest at CNY 2.78 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 27.22 %
Here's what is working for Novoray Corp.
Net Sales
At CNY 890.21 MM has Grown at 17.8%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (CNY MM)
Cash and Eqv
Highest at CNY 1,771.22 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by -1.35% (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
Here's what is not working for Novoray Corp.
Interest
At CNY 2.78 MM has Grown at 594.85%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (CNY MM)
Interest Coverage Ratio
Lowest at 2,883.52
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Interest
Highest at CNY 2.78 MM
in the last five periods and Increased by 594.85% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (CNY MM)
Operating Profit Margin
Lowest at 27.22 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Inventory Turnover Ratio
Lowest at 4.79 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
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