ScoreWhy is Pigeon Corp. ?
1
High Management Efficiency with a high ROE of 12.27%
2
Company has very low debt and has enough cash to service the debt requirements
3
Poor long term growth as Net Sales has grown by an annual rate of 0.67% and Operating profit at -9.02% over the last 5 years
- INTEREST COVERAGE RATIO(Q) Lowest at 11,286.84
- INTEREST(Q) Highest at JPY 38 MM
- OPERATING PROFIT(Q) Lowest at JPY 4,289 MM
4
With ROE of 11.47%, it has a very attractive valuation with a 2.88 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -11.39%, its profits have risen by 14.6% ; the PEG ratio of the company is 1.7
- At the current price, the company has a high dividend yield of 0.1
5
Below par performance in long term as well as near term
- Along with generating -11.39% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in the last 3 years, 1 year and 3 months
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Pigeon Corp. should be less than 10%
- Overall Portfolio exposure to FMCG should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Pigeon Corp. for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
Pigeon Corp.
-100.0%
174.33
24.24%
Japan Nikkei 225
40.96%
1.44
28.42%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
0.67%
EBIT Growth (5y)
-9.02%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.42
Sales to Capital Employed (avg)
1.28
Tax Ratio
33.11%
Dividend Payout Ratio
108.57%
Pledged Shares
0
Institutional Holding
0.02%
ROCE (avg)
29.84%
ROE (avg)
12.27%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
25
Industry P/E
Price to Book Value
2.88
EV to EBIT
14.93
EV to EBITDA
10.81
EV to Capital Employed
4.22
EV to Sales
1.79
PEG Ratio
1.72
Dividend Yield
0.06%
ROCE (Latest)
28.28%
ROE (Latest)
11.47%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bullish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend4What is working for the Company
RAW MATERIAL COST(Y)
Fallen by 0% (YoY
CASH AND EQV(HY)
Highest at JPY 73,765 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -46.13 %
NET SALES(Q)
Highest at JPY 28,644 MM
-15What is not working for the Company
INTEREST COVERAGE RATIO(Q)
Lowest at 11,286.84
INTEREST(Q)
Highest at JPY 38 MM
OPERATING PROFIT(Q)
Lowest at JPY 4,289 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 14.97 %
PRE-TAX PROFIT(Q)
Lowest at JPY 2,879 MM
NET PROFIT(Q)
Lowest at JPY 1,560.95 MM
EPS(Q)
Lowest at JPY 12.83
Here's what is working for Pigeon Corp.
Net Sales
Highest at JPY 28,644 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Cash and Eqv
Highest at JPY 73,765 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at -46.13 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Raw Material Cost
Fallen by 0% (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 Pigeon Corp.
Interest
At JPY 38 MM has Grown at 153.33%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest Coverage Ratio
Lowest at 11,286.84
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Interest
Highest at JPY 38 MM
in the last five periods and Increased by 153.33% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Operating Profit
Lowest at JPY 4,289 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (JPY MM)
Operating Profit Margin
Lowest at 14.97 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Pre-Tax Profit
Lowest at JPY 2,879 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (JPY MM)
Net Profit
Lowest at JPY 1,560.95 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
Net Profit
At JPY 1,560.95 MM has Fallen at -38.25%
over average net sales of the previous four periods of JPY 2,527.89 MMMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
EPS
Lowest at JPY 12.83
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (JPY)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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