ScoreWhy is Novoray Corp. ?
1
The company has declared Positive results for the last 4 consecutive quarters
- INTEREST COVERAGE RATIO(Q) Highest at 16,735.13
- OPERATING CASH FLOW(Y) Highest at CNY 302.34 MM
- NET SALES(HY) At CNY 501.43 MM has Grown at 25.44%
2
With ROE of 17.48%, it has a very expensive valuation with a 9.11 Price to Book Value
- Over the past year, while the stock has generated a return of 19.01%, its profits have risen by 24.6%
- At the current price, the company has a high dividend yield of 0.7
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Novoray 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 Novoray Corp. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Novoray Corp.
19.01%
0.95
55.17%
China Shanghai Composite
14.77%
1.01
14.58%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
18.73%
EBIT Growth (5y)
17.41%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.20
Sales to Capital Employed (avg)
0.53
Tax Ratio
12.44%
Dividend Payout Ratio
28.42%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
18.05%
ROE (avg)
14.59%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
52
Industry P/E
Price to Book Value
9.11
EV to EBIT
49.81
EV to EBITDA
41.37
EV to Capital Employed
11.83
EV to Sales
13.37
PEG Ratio
NA
Dividend Yield
0.66%
ROCE (Latest)
23.76%
ROE (Latest)
17.48%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
Bullish
No Signal
Bollinger Bands
Mildly Bearish
Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
Mildly Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend14What is working for the Company
INTEREST COVERAGE RATIO(Q)
Highest at 16,735.13
OPERATING CASH FLOW(Y)
Highest at CNY 302.34 MM
NET SALES(HY)
At CNY 501.43 MM has Grown at 25.44%
ROCE(HY)
Highest at 17.7%
DEBTORS TURNOVER RATIO(HY)
Highest at 2.85%
RAW MATERIAL COST(Y)
Fallen by -4.2% (YoY
-2What is not working for the Company
OPERATING PROFIT MARGIN(Q)
Lowest at 27.59 %
Here's what is working for Novoray Corp.
Interest Coverage Ratio
Highest at 16,735.13 and Grown
In each period in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Sales
At CNY 501.43 MM has Grown at 25.44%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (CNY MM)
Debtors Turnover Ratio
Highest at 2.85% and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Operating Cash Flow
Highest at CNY 302.34 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (CNY MM)
Raw Material Cost
Fallen by -4.2% (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.
Operating Profit Margin
Lowest at 27.59 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
GET THE MARKETSMOJO APP
Company
Stocks
Portfolio
"Investment in securities markets are subject to market risk. Read all the related documents carefully before investing."
