Hulic Co., Ltd. (3003.T) stock analysis

In our weekly check, Hulic Co., Ltd. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 3, red flags: 6.

About Hulic Co., Ltd.

Hulic Co., Ltd. is a Real Estate company (Real Estate - Development) based in Japan, listed on JPX as 3003.T.

What our checks show for 3003.T

Red flags

• Net debt is 9.4x a year of EBITDA (debt/equity 2.6). That limits room in a downturn and raises refinancing risk.
• Operating profit does not cover the interest bill (0.1x): interest is paid from cash or new debt.
• Free cash flow is negative (-21.6% of revenue): the business spends more cash than it brings in.
• The dividend takes 5967% of profit: little cushion if profit falls.
• The stock has fallen as much as 93% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect the net margin to shrink by 1.7 points from today's 15.7%.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 6.1%.

Strengths

• The gross margin is 38.1% and has risen by 3.3 points: pricing power is holding.
• Operating cash flow is 2.35x net profit: the profit arrives as real cash.
• Earnings per share grew 13.1% a year over the last 3 years.
• Net profit grew 13% a year over the last 3 years.
• The price is 11.1 times earnings (P/E), reasonable for its growth.
• Beta 0.36: the stock usually moves less than the market.

Similar companies

DLF.NS · LODHA.NS · PHOENIXLTD.NS · 1925.T · PRESTIGE.NS · 8830.T

Questions

What grade does Hulic Co., Ltd. (3003.T) have?

In our weekly check, Hulic Co., Ltd. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 3, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 3003.T stock?

This week's biggest flags for Hulic Co., Ltd.: High debt, Weak interest cover, Weak free cash flow. In total 9 of 25 checks show a warning or a red flag.

What does Hulic Co., Ltd. do?

Hulic Co., Ltd. is a Real Estate company (Real Estate - Development) based in Japan, listed on JPX as 3003.T.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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