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Novoray Corp.

  • Market Cap: Large Cap
  • Industry: Specialty Chemicals
  • ISIN: CNE100003PN0
  • SHG: 688300
CNY
177.21
2.43 (1.39%)

Sep 22

SHG

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  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Comparison

Company
Score
Quality
Valuation
Financial
Technical
Novoray Corp.

Why is Novoray Corp. ?

1
Poor Management Efficiency with a low ROCE of 18.05%
  • The company has been able to generate a Return on Capital Employed (avg) of 18.05% signifying low profitability per unit of total capital (equity and debt)
2
The company is Net-Debt Free
  • Poor long term growth as Net Sales has grown by an annual rate of 19.90% and Operating profit at 20.34% over the last 5 years
  • The company is Net-Debt Free
  • The company has been able to generate a Return on Equity (avg) of 14.59% signifying low profitability per unit of shareholders funds
3
Poor long term growth as Net Sales has grown by an annual rate of 19.90% and Operating profit at 20.34% over the last 5 years
4
Negative results in Jun 26
  • INTEREST COVERAGE RATIO(Q) Lowest at 3,254.39
  • RAW MATERIAL COST(Y) Grown by 11.8% (YoY)
  • DEBT-EQUITY RATIO (HY) Highest at -20.8 %
5
With ROE of 16.30%, it has a very expensive valuation with a 35.04 Price to Book Value
  • Over the past year, while the stock has generated a return of 206.85%, its profits have risen by 13.7%
  • At the current price, the company has a high dividend yield of 0.2
stock-recommendationReal-Time Research Report

Verdict Report

How much should you sell?

  1. 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.
204.9%
4.13
89.48%
China Shanghai Composite
3.23%
0.23
14.72%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor
Value
Sales Growth (5y)
19.90%
EBIT Growth (5y)
20.34%
EBIT to Interest (avg)
99.73
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.20
Sales to Capital Employed (avg)
0.55
Tax Ratio
12.11%
Dividend Payout Ratio
41.26%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
19.10%
ROE (avg)
14.59%
stock-recommendationValuation

Valuation Scorecard stock-summary

stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary

Factor
Value
P/E Ratio
215
Industry P/E
Price to Book Value
35.04
EV to EBIT
199.50
EV to EBITDA
174.01
EV to Capital Employed
37.46
EV to Sales
54.67
PEG Ratio
NA
Dividend Yield
0.19%
ROCE (Latest)
18.78%
ROE (Latest)
16.30%
stock-recommendationTechnicals

Technical key factors

Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
Bullish
Bollinger Bands
Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
Bullish
stock-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
Analyse All Technical Factors stock-recommendation
stock-recommendationFinancial Trend

Financial Trend Scorecard stock-summary

stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

6What is working for the Company
OPERATING CASH FLOW(Y)

Highest at CNY 290.53 MM

CASH AND EQV(HY)

Highest at CNY 2,129.26 MM

NET SALES(Q)

Highest at CNY 335.41 MM

-15What is not working for the Company
INTEREST COVERAGE RATIO(Q)

Lowest at 3,254.39

RAW MATERIAL COST(Y)

Grown by 11.8% (YoY

DEBT-EQUITY RATIO (HY)

Highest at -20.8 %

INVENTORY TURNOVER RATIO(HY)

Lowest at 5.45 times

INTEREST(Q)

Highest at CNY 3 MM

OPERATING PROFIT MARGIN(Q)

Lowest at 29.16 %

Here's what is working for Novoray Corp.

Operating Cash Flow
Highest at CNY 290.53 MM
in the last three years
MOJO Watch
The company has generated higher cash revenues from business operations

Operating Cash Flows (CNY MM)

Net Sales
Highest at CNY 335.41 MM
in the last five periods
MOJO Watch
Near term sales trend is positive

Net Sales (CNY MM)

Cash and Eqv
Highest at CNY 2,129.26 MM
in the last six Semi-Annual periods
MOJO Watch
Short Term liquidity is improving

Cash and Cash Equivalents

Here's what is not working for Novoray Corp.

Interest Coverage Ratio
Lowest at 3,254.39
in the last five periods
MOJO Watch
The company's ability to manage interest payments is deteriorating

Operating Profit to Interest

Interest
Highest at CNY 3 MM
in the last five periods and Increased by 8.27% (QoQ)
MOJO Watch
Rising interest cost signifies increased borrowings

Interest Paid (CNY MM)

Operating Profit Margin
Lowest at 29.16 %
in the last five periods
MOJO Watch
Company's profit margin has deteriorated

Operating Profit to Sales

Debt-Equity Ratio
Highest at -20.8 %
in the last five Semi-Annual periods
MOJO 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 5.45 times
in the last five Semi-Annual periods
MOJO Watch
Company's pace of selling inventory has slowed

Inventory Turnover Ratio

Raw Material Cost
Grown by 11.8% (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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