Why is PIA Corp. ?
1
The company is Net-Debt Free
- Poor long term growth as Net Sales has grown by an annual rate of -8.78% and Operating profit at 25.52% over the last 5 years
- The company is Net-Debt Free
2
Poor long term growth as Net Sales has grown by an annual rate of -8.78% and Operating profit at 25.52% over the last 5 years
3
Negative results in Jun 26
- INTEREST(HY) At JPY 174 MM has Grown at 7.41%
- RAW MATERIAL COST(Y) Grown by 18.99% (YoY)
- INVENTORY TURNOVER RATIO(HY) Lowest at 230.91 times
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -27.01% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in each of the last 3 annual periods
How 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 Media & Entertainment)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is PIA Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
PIA Corp.
-27.27%
-0.45
34.69%
Japan Nikkei 225
43.58%
1.48
29.43%
Quality key factors
Factor
Value
Sales Growth (5y)
-8.78%
EBIT Growth (5y)
25.52%
EBIT to Interest (avg)
6.10
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-3.96
Sales to Capital Employed (avg)
1.79
Tax Ratio
22.53%
Dividend Payout Ratio
16.18%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0
ROE (avg)
16.10%
Valuation Key Factors 
Factor
Value
P/E Ratio
13
Industry P/E
Price to Book Value
4.12
EV to EBIT
2.43
EV to EBITDA
1.61
EV to Capital Employed
-0.65
EV to Sales
0.23
PEG Ratio
0.13
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
31.80%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
Mildly Bullish
Technical Movement
1What is working for the Company
CASH AND EQV(HY)
Highest at JPY 111,249 MM
-12What is not working for the Company
INTEREST(HY)
At JPY 174 MM has Grown at 7.41%
RAW MATERIAL COST(Y)
Grown by 18.99% (YoY
INVENTORY TURNOVER RATIO(HY)
Lowest at 230.91 times
NET PROFIT(Q)
At JPY 557.81 MM has Fallen at -30.78%
Here's what is working for PIA Corp.
Cash and Eqv
Highest at JPY 111,249 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for PIA Corp.
Interest
At JPY 174 MM has Grown at 7.41%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Net Profit
At JPY 557.81 MM has Fallen at -30.78%
over average net sales of the previous four periods of JPY 805.9 MMMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
Inventory Turnover Ratio
Lowest at 230.91 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Raw Material Cost
Grown by 18.99% (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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