Why is Token Corp. ?
1
Company has very low debt and has enough cash to service the debt requirements
2
Poor long term growth as Net Sales has grown by an annual rate of 3.74% and Operating profit at 7.42% over the last 5 years
3
Positive results in Jan 26
- CASH AND EQV(HY) Highest at JPY 266,520 MM
- DEBTORS TURNOVER RATIO(HY) Highest at 45.15 times
- NET SALES(Q) Highest at JPY 95,611 MM
4
With ROE of 11.28%, it has a fair valuation with a 1.30 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 -11.62%, its profits have risen by 9.5% ; the PEG ratio of the company is 1.2
- At the current price, the company has a high dividend yield of 0
5
Below par performance in long term as well as near term
- Along with generating -11.62% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in the last 3 years, 1 year and 3 months
How much should you hold?
- Overall Portfolio exposure to Token Corp. should be less than 10%
- Overall Portfolio exposure to Furniture, Home Furnishing should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Furniture, Home Furnishing)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Token Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Token Corp.
-11.62%
0.65
20.86%
Japan Nikkei 225
81.96%
2.98
27.54%
Quality key factors
Factor
Value
Sales Growth (5y)
3.74%
EBIT Growth (5y)
7.42%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-1.02
Sales to Capital Employed (avg)
2.79
Tax Ratio
30.73%
Dividend Payout Ratio
28.12%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
1,972.47%
ROE (avg)
8.73%
Valuation Key Factors 
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
1.30
EV to EBIT
2.31
EV to EBITDA
2.12
EV to Capital Employed
6.55
EV to Sales
0.13
PEG Ratio
1.21
Dividend Yield
NA
ROCE (Latest)
282.81%
ROE (Latest)
11.28%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
Mildly Bullish
Technical Movement
3What is working for the Company
CASH AND EQV(HY)
Highest at JPY 266,520 MM
DEBTORS TURNOVER RATIO(HY)
Highest at 45.15 times
NET SALES(Q)
Highest at JPY 95,611 MM
-1What is not working for the Company
OPERATING PROFIT MARGIN(Q)
Lowest at 6.1 %
Here's what is working for Token Corp.
Net Sales
Highest at JPY 95,611 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Cash and Eqv
Highest at JPY 266,520 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debtors Turnover Ratio
Highest at 45.15 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Here's what is not working for Token Corp.
Operating Profit Margin
Lowest at 6.1 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Non Operating Income
Highest at JPY 0.08 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income






