View Financial HealthMeiko Electronics 배당 및 자사주 매입배당 기준 점검 0/6Meiko Electronics 은(는) 현재 수익률이 0.39% 인 배당금 지급 회사입니다. 다음 지급일은 12th June, 2026 이며 배당락일은 다음과 같습니다. 30th March, 2026.핵심 정보0.4%배당 수익률0.0001%자사주 매입 수익률총 주주 수익률0.4%미래 배당 수익률0.5%배당 성장률20.0%다음 배당 지급일12 Jun 26배당락일30 Mar 26주당 배당금n/a배당 성향14%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Sep 21Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.7%).Declared Dividend • Jul 11Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 86%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • May 11Meiko Electronics Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2024, Effective June 12, 2024Meiko Electronics Co., Ltd. has resolved at the Board of Directors held on May 10, 2024 to pay JPY 41.00 per share at the year-end dividend for the fiscal year ended March 31, 2024 as compared to paid dividend of JPY 28.00 per share a year ago. Record date is March 31, 2024; Effective date is June 12, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.4%).공지 • Feb 09Meiko Electronics Co., Ltd. Revises Year-End Dividend GuidanceMeiko Electronics Co., Ltd. announced the following revisions to the dividend forecast released on November 6, 2023. It has decided to revise its year-end dividend forecast from JPY 28 per share to JPY 30 per share, making the annual dividend JPY 57 per share in accordance with its policy.공지 • Nov 17Meiko Electronics Co., Ltd. Revises Interim Dividend, Effective November 30, 2023; Revises Year End Dividend GuidanceMeiko Electronics Co., Ltd. announced that it should return profits to its shareholders in an appropriate manner in accordance with its business performance. It has decided to revise its interim dividend from JPY 25 per share to JPY 27 per share. Record date is September 30, 2023. Effective date is November 30, 2023.The company also decided to revise the year-end dividend forecast from JPY 25 per share to JPY 28 per share.모든 업데이트 보기Recent updates공지 • Apr 21Meiko Electronics Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Meiko Electronics Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026공지 • May 13Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2025Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2025.공지 • Feb 28+ 3 more updatesMeiko Electronics Co., Ltd. to Report Q1, 2026 Results on Aug 06, 2025Meiko Electronics Co., Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025공지 • Feb 06Meiko Electronics Co., Ltd. to Report Q3, 2025 Results on Feb 06, 2025Meiko Electronics Co., Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 36%After last week's 36% share price gain to €49.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.66 per share.Reported Earnings • Nov 08Second quarter 2025 earnings released: EPS: JP¥128 (vs JP¥112 in 2Q 2024)Second quarter 2025 results: EPS: JP¥128 (up from JP¥112 in 2Q 2024). Revenue: JP¥51.1b (up 15% from 2Q 2024). Net income: JP¥3.28b (up 14% from 2Q 2024). Profit margin: 6.4% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 21Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.7%).Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €38.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Electronic industry in Germany. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.04 per share.Reported Earnings • Aug 08First quarter 2025 earnings released: EPS: JP¥119 (vs JP¥85.17 in 1Q 2024)First quarter 2025 results: EPS: JP¥119 (up from JP¥85.17 in 1Q 2024). Revenue: JP¥47.0b (up 13% from 1Q 2024). Net income: JP¥3.05b (up 40% from 1Q 2024). Profit margin: 6.5% (up from 5.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 11%After last week's 11% share price decline to €32.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Electronic industry in Germany. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €59.91 per share.New Risk • Aug 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 110% Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (110% cash payout ratio). Share price has been volatile over the past 3 months (8.9% average weekly change).Declared Dividend • Jul 11Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 86%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €37.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.82 per share.New Risk • May 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change).Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥441 (vs JP¥339 in FY 2023)Full year 2024 results: EPS: JP¥441 (up from JP¥339 in FY 2023). Revenue: JP¥179.5b (up 7.3% from FY 2023). Net income: JP¥11.3b (up 30% from FY 2023). Profit margin: 6.3% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.공지 • May 11Meiko Electronics Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2024, Effective June 12, 2024Meiko Electronics Co., Ltd. has resolved at the Board of Directors held on May 10, 2024 to pay JPY 41.00 per share at the year-end dividend for the fiscal year ended March 31, 2024 as compared to paid dividend of JPY 28.00 per share a year ago. Record date is March 31, 2024; Effective date is June 12, 2024.공지 • Mar 21Meiko Electronics Co., Ltd. Announces Executive Changes, Effective April 1, 2024Meiko Electronics Co., Ltd. announced that effective April 1, 2024, it will implement the following changes to its executive officers. Masayuki Honda's designation has been changed from Executive Officer, Finance Headquarters and General Manager to Executive Officer, Office of the President & CEO and General Manager.Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.4%).공지 • Mar 08Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2024Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2024.공지 • Mar 02+ 2 more updatesMeiko Electronics Co., Ltd. to Report Q2, 2025 Results on Nov 06, 2024Meiko Electronics Co., Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024공지 • Feb 09Meiko Electronics Co., Ltd. Revises Year-End Dividend GuidanceMeiko Electronics Co., Ltd. announced the following revisions to the dividend forecast released on November 6, 2023. It has decided to revise its year-end dividend forecast from JPY 28 per share to JPY 30 per share, making the annual dividend JPY 57 per share in accordance with its policy.Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥102 (vs JP¥24.76 in 3Q 2023)Third quarter 2024 results: EPS: JP¥102 (up from JP¥24.76 in 3Q 2023). Revenue: JP¥47.3b (up 8.7% from 3Q 2023). Net income: JP¥2.61b (up 312% from 3Q 2023). Profit margin: 5.5% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.공지 • Jan 30+ 1 more updateMeiko Electronics Co., Ltd. Announces Re-Designation of Atsushi Sakate to Representative Director, Executive Vice PresidentMeiko Electronics Co., Ltd. announced that its Board of Directors has resolved at a meeting on January 29, 2024 to make the following changes to its representative directors (additional appointments). Atsushi Sakate has been re-designated from Director, Senior Managing Executive Officer to Representative Director, Executive Vice President. Personal History of New Representative Director: Personal History: April 1996- Joined the Company; March 2011- General Manager of Business Reform Office; April 2018- Executive Officer, General Manager of Production Headquarters; April 2019- Representative Director of Yamagata Meiko Electronics Co., Ltd; April 2021- Managing Executive Officer; June 2021- Director, Managing Executive Officer; October 2022- General Manager of PCB Business Headquarters (present post); April 2023- Director and Senior Managing Executive Officer (present post). Scheduled date of assumption of office: April 1, 2024.공지 • Nov 18Meiko Electronics Co., Ltd. Revises Earnings Guidance for the Year Ending March 31, 2024Meiko Electronics Co., Ltd. revised earnings guidance for the year ending March 31, 2024. For the year, the company revises net sales of JPY 173,000 million compared to previous forecast of JPY 165,000 million. Operating income of JPY 10,000 million compared to previous forecast of JPY 9,000 million. Net income attributable to owners of parent of JPY 9,300 million compared to previous forecast of JPY 6,200 million. Net income per share of JPY 350.33 compared to previous forecast of JPY 229.48.공지 • Nov 17Meiko Electronics Co., Ltd. Revises Interim Dividend, Effective November 30, 2023; Revises Year End Dividend GuidanceMeiko Electronics Co., Ltd. announced that it should return profits to its shareholders in an appropriate manner in accordance with its business performance. It has decided to revise its interim dividend from JPY 25 per share to JPY 27 per share. Record date is September 30, 2023. Effective date is November 30, 2023.The company also decided to revise the year-end dividend forecast from JPY 25 per share to JPY 28 per share.Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €26.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Electronic industry in Germany. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.68 per share.New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin).Reported Earnings • Nov 07Second quarter 2024 earnings released: EPS: JP¥119 (vs JP¥96.21 in 2Q 2023)Second quarter 2024 results: EPS: JP¥119 (up from JP¥96.21 in 2Q 2023). Revenue: JP¥44.6b (up 7.0% from 2Q 2023). Net income: JP¥3.04b (up 23% from 2Q 2023). Profit margin: 6.8% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥25.00 per share at 1.5% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (1.5%).Buying Opportunity • Sep 05Now 20% undervaluedOver the last 90 days, the stock is up 35%. The fair value is estimated to be €27.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 44% in the next 2 years.New Risk • Aug 09New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.2% net profit margin).Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥88.21 (vs JP¥154 in 1Q 2023)First quarter 2024 results: EPS: JP¥88.21 (down from JP¥154 in 1Q 2023). Revenue: JP¥41.6b (up 3.9% from 1Q 2023). Net income: JP¥2.26b (down 43% from 1Q 2023). Profit margin: 5.4% (down from 9.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공지 • May 12Meiko Electronics Co., Ltd., Annual General Meeting, Jun 27, 2023Meiko Electronics Co., Ltd., Annual General Meeting, Jun 27, 2023.Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥345 (vs JP¥444 in FY 2022)Full year 2023 results: EPS: JP¥345 (down from JP¥444 in FY 2022). Revenue: JP¥167.3b (up 11% from FY 2022). Net income: JP¥8.85b (down 23% from FY 2022). Profit margin: 5.3% (down from 7.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 23Upcoming dividend of JP¥28.00 per share at 1.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 12 June 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).Reported Earnings • Feb 08Third quarter 2023 earnings released: EPS: JP¥27.38 (vs JP¥144 in 3Q 2022)Third quarter 2023 results: EPS: JP¥27.38 (down from JP¥144 in 3Q 2022). Revenue: JP¥43.5b (up 7.5% from 3Q 2022). Net income: JP¥702.0m (down 81% from 3Q 2022). Profit margin: 1.6% (down from 9.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Yousuke Nishiyama was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 06Second quarter 2023 earnings released: EPS: JP¥96.21 (vs JP¥92.13 in 2Q 2022)Second quarter 2023 results: EPS: JP¥96.21 (up from JP¥92.13 in 2Q 2022). Revenue: JP¥41.7b (up 15% from 2Q 2022). Net income: JP¥2.47b (up 3.7% from 2Q 2022). Profit margin: 5.9% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 8.5% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%).Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥154 (vs JP¥69.65 in 1Q 2022)First quarter 2023 results: EPS: JP¥154 (up from JP¥69.65 in 1Q 2022). Revenue: JP¥40.0b (up 20% from 1Q 2022). Net income: JP¥3.95b (up 118% from 1Q 2022). Profit margin: 9.9% (up from 5.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €23.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Electronic industry in Germany. Total returns to shareholders of 80% over the past three years.Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥444 (vs JP¥177 in FY 2021)Full year 2022 results: EPS: JP¥444 (up from JP¥177 in FY 2021). Revenue: JP¥151.3b (up 27% from FY 2021). Net income: JP¥11.5b (up 147% from FY 2021). Profit margin: 7.6% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.8%, compared to a 27% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Yousuke Nishiyama was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €26.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 22x in the Electronic industry in Germany. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.16 per share.공지 • Apr 08Meiko Electronics Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022Meiko Electronics Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 9.2% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.7%).Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €25.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.97 per share.Reported Earnings • Feb 06Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥144 (up from JP¥41.00 in 3Q 2021). Revenue: JP¥40.5b (up 25% from 3Q 2021). Net income: JP¥3.68b (up 243% from 3Q 2021). Profit margin: 9.1% (up from 3.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 7.5%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Jan 20Now 22% undervaluedOver the last 90 days, the stock is up 43%. The fair value is estimated to be JP¥40.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16% per annum over the last 3 years.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 25% share price gain to €30.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Electronic industry in Germany. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.61 per share.Reported Earnings • Nov 06Second quarter 2022 earnings released: EPS JP¥92.13 (vs JP¥10.35 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥36.2b (up 25% from 2Q 2021). Net income: JP¥2.38b (up JP¥2.11b from 2Q 2021). Profit margin: 6.6% (up from 0.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to €24.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 22x in the Electronic industry in Germany. Total returns to shareholders of 9.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.14 per share.Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improved over the past weekAfter last week's 18% share price gain to €24.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 22x in the Electronic industry in Germany. Total returns to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.59 per share.Reported Earnings • Jun 30Full year 2021 earnings released: EPS JP¥177 (vs JP¥98.80 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥119.3b (up 3.3% from FY 2020). Net income: JP¥4.64b (up 79% from FY 2020). Profit margin: 3.9% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Reported Earnings • May 12Full year 2021 earnings released: EPS JP¥177 (vs JP¥98.80 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥119.3b (up 3.3% from FY 2020). Net income: JP¥4.64b (up 79% from FY 2020). Profit margin: 3.9% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 10 June 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.5%).공지 • Mar 19Meiko Electronics Co., Ltd. Revises Earnings Guidance for the Year Ending March 31, 2021Meiko Electronics Co., Ltd. revised earnings guidance for the year ending March 31, 2021. For the year, the company revises net sales of JPY 118,500 million compared to previous forecast of JPY 116,000 million. Operating income of JPY 6,500 million compared to previous forecast of JPY 5,300 million. Net income attributable to owners of parent of JPY 3,700 million compared to previous forecast of JPY 2,700 million. Net income per share of JPY 133.72 compared to previous forecast of JPY 103.16.공지 • Mar 17+ 1 more updateMeiko Electronics Co., Ltd. to Report Q1, 2022 Results on Aug 06, 2021Meiko Electronics Co., Ltd. announced that they will report Q1, 2022 results on Aug 06, 2021Is New 90 Day High Low • Feb 20New 90-day high: €16.90The company is up 6.0% from its price of €15.90 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.Reported Earnings • Feb 10Third quarter 2021 earnings released: EPS JP¥41.00 (vs JP¥63.84 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥32.5b (up 5.7% from 3Q 2020). Net income: JP¥1.07b (down 36% from 3Q 2020). Profit margin: 3.3% (down from 5.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 10Revenue misses expectationsRevenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 12%, compared to a 23% growth forecast for the Electronic industry in Germany.Is New 90 Day High Low • Jan 20New 90-day low: €14.30The company is down 8.0% from its price of €15.60 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.73 per share.Is New 90 Day High Low • Nov 10New 90-day high: €16.90The company is up 51% from its price of €11.20 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.12 per share.Analyst Estimate Surprise Post Earnings • Nov 09Revenue beats expectationsRevenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 6.9%, compared to a 24% growth forecast for the Electronic industry in Germany.Reported Earnings • Nov 09Second quarter 2021 earnings released: EPS JP¥10.35The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥28.9b (down 3.4% from 2Q 2020). Net income: JP¥271.0m (down 79% from 2Q 2020). Profit margin: 0.9% (down from 4.2% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 21New 90-day high: €15.40The company is up 38% from its price of €11.20 on 23 July 2020. The German market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.63 per share.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: MEC German 시장에서 주목할만한 배당금을 지급하지 않으므로 지급이 안정적인지 확인할 필요가 없습니다.배당금 증가: MEC German 시장에서 주목할만한 배당금을 지급하지 않으므로 지급액이 증가하는지 확인할 필요가 없습니다.배당 수익률 vs 시장Meiko Electronics 배당 수익률 vs 시장MEC의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (MEC)0.4%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.6%업계 평균 (Electronic)1.0%분석가 예측 (MEC) (최대 3년)0.5%주목할만한 배당금: MEC 의 배당금( 0.39% )은 German 시장에서 배당금 지급자의 하위 25%( 1.48% )와 비교해 주목할 만하지 않습니다.고배당: MEC 의 배당금( 0.39% )은 German 시장에서 배당금 지급자의 상위 25%( 4.58% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: MEC German 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: MEC 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/06 18:01종가2026/05/06 00:00수익2025/12/31연간 수익2025/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Meiko Electronics Co., Ltd.는 12명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Masashi KubotaBofA Global Researchnull nullDaiwa Securities Co. Ltd.Shiho NamikawaDaiwa Securities Co. Ltd.9명의 분석가 더 보기
Upcoming Dividend • Sep 21Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.7%).
Declared Dividend • Jul 11Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 86%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • May 11Meiko Electronics Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2024, Effective June 12, 2024Meiko Electronics Co., Ltd. has resolved at the Board of Directors held on May 10, 2024 to pay JPY 41.00 per share at the year-end dividend for the fiscal year ended March 31, 2024 as compared to paid dividend of JPY 28.00 per share a year ago. Record date is March 31, 2024; Effective date is June 12, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.4%).
공지 • Feb 09Meiko Electronics Co., Ltd. Revises Year-End Dividend GuidanceMeiko Electronics Co., Ltd. announced the following revisions to the dividend forecast released on November 6, 2023. It has decided to revise its year-end dividend forecast from JPY 28 per share to JPY 30 per share, making the annual dividend JPY 57 per share in accordance with its policy.
공지 • Nov 17Meiko Electronics Co., Ltd. Revises Interim Dividend, Effective November 30, 2023; Revises Year End Dividend GuidanceMeiko Electronics Co., Ltd. announced that it should return profits to its shareholders in an appropriate manner in accordance with its business performance. It has decided to revise its interim dividend from JPY 25 per share to JPY 27 per share. Record date is September 30, 2023. Effective date is November 30, 2023.The company also decided to revise the year-end dividend forecast from JPY 25 per share to JPY 28 per share.
공지 • Apr 21Meiko Electronics Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Meiko Electronics Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026
공지 • May 13Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2025Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2025.
공지 • Feb 28+ 3 more updatesMeiko Electronics Co., Ltd. to Report Q1, 2026 Results on Aug 06, 2025Meiko Electronics Co., Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025
공지 • Feb 06Meiko Electronics Co., Ltd. to Report Q3, 2025 Results on Feb 06, 2025Meiko Electronics Co., Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 36%After last week's 36% share price gain to €49.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.66 per share.
Reported Earnings • Nov 08Second quarter 2025 earnings released: EPS: JP¥128 (vs JP¥112 in 2Q 2024)Second quarter 2025 results: EPS: JP¥128 (up from JP¥112 in 2Q 2024). Revenue: JP¥51.1b (up 15% from 2Q 2024). Net income: JP¥3.28b (up 14% from 2Q 2024). Profit margin: 6.4% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.7%).
Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €38.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Electronic industry in Germany. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.04 per share.
Reported Earnings • Aug 08First quarter 2025 earnings released: EPS: JP¥119 (vs JP¥85.17 in 1Q 2024)First quarter 2025 results: EPS: JP¥119 (up from JP¥85.17 in 1Q 2024). Revenue: JP¥47.0b (up 13% from 1Q 2024). Net income: JP¥3.05b (up 40% from 1Q 2024). Profit margin: 6.5% (up from 5.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 11%After last week's 11% share price decline to €32.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Electronic industry in Germany. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €59.91 per share.
New Risk • Aug 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 110% Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (110% cash payout ratio). Share price has been volatile over the past 3 months (8.9% average weekly change).
Declared Dividend • Jul 11Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 86%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €37.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.82 per share.
New Risk • May 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change).
Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥441 (vs JP¥339 in FY 2023)Full year 2024 results: EPS: JP¥441 (up from JP¥339 in FY 2023). Revenue: JP¥179.5b (up 7.3% from FY 2023). Net income: JP¥11.3b (up 30% from FY 2023). Profit margin: 6.3% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
공지 • May 11Meiko Electronics Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2024, Effective June 12, 2024Meiko Electronics Co., Ltd. has resolved at the Board of Directors held on May 10, 2024 to pay JPY 41.00 per share at the year-end dividend for the fiscal year ended March 31, 2024 as compared to paid dividend of JPY 28.00 per share a year ago. Record date is March 31, 2024; Effective date is June 12, 2024.
공지 • Mar 21Meiko Electronics Co., Ltd. Announces Executive Changes, Effective April 1, 2024Meiko Electronics Co., Ltd. announced that effective April 1, 2024, it will implement the following changes to its executive officers. Masayuki Honda's designation has been changed from Executive Officer, Finance Headquarters and General Manager to Executive Officer, Office of the President & CEO and General Manager.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.4%).
공지 • Mar 08Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2024Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2024.
공지 • Mar 02+ 2 more updatesMeiko Electronics Co., Ltd. to Report Q2, 2025 Results on Nov 06, 2024Meiko Electronics Co., Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024
공지 • Feb 09Meiko Electronics Co., Ltd. Revises Year-End Dividend GuidanceMeiko Electronics Co., Ltd. announced the following revisions to the dividend forecast released on November 6, 2023. It has decided to revise its year-end dividend forecast from JPY 28 per share to JPY 30 per share, making the annual dividend JPY 57 per share in accordance with its policy.
Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥102 (vs JP¥24.76 in 3Q 2023)Third quarter 2024 results: EPS: JP¥102 (up from JP¥24.76 in 3Q 2023). Revenue: JP¥47.3b (up 8.7% from 3Q 2023). Net income: JP¥2.61b (up 312% from 3Q 2023). Profit margin: 5.5% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Jan 30+ 1 more updateMeiko Electronics Co., Ltd. Announces Re-Designation of Atsushi Sakate to Representative Director, Executive Vice PresidentMeiko Electronics Co., Ltd. announced that its Board of Directors has resolved at a meeting on January 29, 2024 to make the following changes to its representative directors (additional appointments). Atsushi Sakate has been re-designated from Director, Senior Managing Executive Officer to Representative Director, Executive Vice President. Personal History of New Representative Director: Personal History: April 1996- Joined the Company; March 2011- General Manager of Business Reform Office; April 2018- Executive Officer, General Manager of Production Headquarters; April 2019- Representative Director of Yamagata Meiko Electronics Co., Ltd; April 2021- Managing Executive Officer; June 2021- Director, Managing Executive Officer; October 2022- General Manager of PCB Business Headquarters (present post); April 2023- Director and Senior Managing Executive Officer (present post). Scheduled date of assumption of office: April 1, 2024.
공지 • Nov 18Meiko Electronics Co., Ltd. Revises Earnings Guidance for the Year Ending March 31, 2024Meiko Electronics Co., Ltd. revised earnings guidance for the year ending March 31, 2024. For the year, the company revises net sales of JPY 173,000 million compared to previous forecast of JPY 165,000 million. Operating income of JPY 10,000 million compared to previous forecast of JPY 9,000 million. Net income attributable to owners of parent of JPY 9,300 million compared to previous forecast of JPY 6,200 million. Net income per share of JPY 350.33 compared to previous forecast of JPY 229.48.
공지 • Nov 17Meiko Electronics Co., Ltd. Revises Interim Dividend, Effective November 30, 2023; Revises Year End Dividend GuidanceMeiko Electronics Co., Ltd. announced that it should return profits to its shareholders in an appropriate manner in accordance with its business performance. It has decided to revise its interim dividend from JPY 25 per share to JPY 27 per share. Record date is September 30, 2023. Effective date is November 30, 2023.The company also decided to revise the year-end dividend forecast from JPY 25 per share to JPY 28 per share.
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €26.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Electronic industry in Germany. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.68 per share.
New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin).
Reported Earnings • Nov 07Second quarter 2024 earnings released: EPS: JP¥119 (vs JP¥96.21 in 2Q 2023)Second quarter 2024 results: EPS: JP¥119 (up from JP¥96.21 in 2Q 2023). Revenue: JP¥44.6b (up 7.0% from 2Q 2023). Net income: JP¥3.04b (up 23% from 2Q 2023). Profit margin: 6.8% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥25.00 per share at 1.5% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (1.5%).
Buying Opportunity • Sep 05Now 20% undervaluedOver the last 90 days, the stock is up 35%. The fair value is estimated to be €27.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 44% in the next 2 years.
New Risk • Aug 09New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.2% net profit margin).
Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥88.21 (vs JP¥154 in 1Q 2023)First quarter 2024 results: EPS: JP¥88.21 (down from JP¥154 in 1Q 2023). Revenue: JP¥41.6b (up 3.9% from 1Q 2023). Net income: JP¥2.26b (down 43% from 1Q 2023). Profit margin: 5.4% (down from 9.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공지 • May 12Meiko Electronics Co., Ltd., Annual General Meeting, Jun 27, 2023Meiko Electronics Co., Ltd., Annual General Meeting, Jun 27, 2023.
Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥345 (vs JP¥444 in FY 2022)Full year 2023 results: EPS: JP¥345 (down from JP¥444 in FY 2022). Revenue: JP¥167.3b (up 11% from FY 2022). Net income: JP¥8.85b (down 23% from FY 2022). Profit margin: 5.3% (down from 7.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥28.00 per share at 1.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 12 June 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).
Reported Earnings • Feb 08Third quarter 2023 earnings released: EPS: JP¥27.38 (vs JP¥144 in 3Q 2022)Third quarter 2023 results: EPS: JP¥27.38 (down from JP¥144 in 3Q 2022). Revenue: JP¥43.5b (up 7.5% from 3Q 2022). Net income: JP¥702.0m (down 81% from 3Q 2022). Profit margin: 1.6% (down from 9.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Yousuke Nishiyama was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 06Second quarter 2023 earnings released: EPS: JP¥96.21 (vs JP¥92.13 in 2Q 2022)Second quarter 2023 results: EPS: JP¥96.21 (up from JP¥92.13 in 2Q 2022). Revenue: JP¥41.7b (up 15% from 2Q 2022). Net income: JP¥2.47b (up 3.7% from 2Q 2022). Profit margin: 5.9% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 8.5% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%).
Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥154 (vs JP¥69.65 in 1Q 2022)First quarter 2023 results: EPS: JP¥154 (up from JP¥69.65 in 1Q 2022). Revenue: JP¥40.0b (up 20% from 1Q 2022). Net income: JP¥3.95b (up 118% from 1Q 2022). Profit margin: 9.9% (up from 5.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €23.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Electronic industry in Germany. Total returns to shareholders of 80% over the past three years.
Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥444 (vs JP¥177 in FY 2021)Full year 2022 results: EPS: JP¥444 (up from JP¥177 in FY 2021). Revenue: JP¥151.3b (up 27% from FY 2021). Net income: JP¥11.5b (up 147% from FY 2021). Profit margin: 7.6% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.8%, compared to a 27% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Yousuke Nishiyama was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €26.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 22x in the Electronic industry in Germany. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.16 per share.
공지 • Apr 08Meiko Electronics Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022Meiko Electronics Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 9.2% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.7%).
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €25.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.97 per share.
Reported Earnings • Feb 06Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥144 (up from JP¥41.00 in 3Q 2021). Revenue: JP¥40.5b (up 25% from 3Q 2021). Net income: JP¥3.68b (up 243% from 3Q 2021). Profit margin: 9.1% (up from 3.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 7.5%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Jan 20Now 22% undervaluedOver the last 90 days, the stock is up 43%. The fair value is estimated to be JP¥40.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16% per annum over the last 3 years.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 25% share price gain to €30.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Electronic industry in Germany. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.61 per share.
Reported Earnings • Nov 06Second quarter 2022 earnings released: EPS JP¥92.13 (vs JP¥10.35 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥36.2b (up 25% from 2Q 2021). Net income: JP¥2.38b (up JP¥2.11b from 2Q 2021). Profit margin: 6.6% (up from 0.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to €24.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 22x in the Electronic industry in Germany. Total returns to shareholders of 9.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.14 per share.
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improved over the past weekAfter last week's 18% share price gain to €24.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 22x in the Electronic industry in Germany. Total returns to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.59 per share.
Reported Earnings • Jun 30Full year 2021 earnings released: EPS JP¥177 (vs JP¥98.80 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥119.3b (up 3.3% from FY 2020). Net income: JP¥4.64b (up 79% from FY 2020). Profit margin: 3.9% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Reported Earnings • May 12Full year 2021 earnings released: EPS JP¥177 (vs JP¥98.80 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥119.3b (up 3.3% from FY 2020). Net income: JP¥4.64b (up 79% from FY 2020). Profit margin: 3.9% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 10 June 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.5%).
공지 • Mar 19Meiko Electronics Co., Ltd. Revises Earnings Guidance for the Year Ending March 31, 2021Meiko Electronics Co., Ltd. revised earnings guidance for the year ending March 31, 2021. For the year, the company revises net sales of JPY 118,500 million compared to previous forecast of JPY 116,000 million. Operating income of JPY 6,500 million compared to previous forecast of JPY 5,300 million. Net income attributable to owners of parent of JPY 3,700 million compared to previous forecast of JPY 2,700 million. Net income per share of JPY 133.72 compared to previous forecast of JPY 103.16.
공지 • Mar 17+ 1 more updateMeiko Electronics Co., Ltd. to Report Q1, 2022 Results on Aug 06, 2021Meiko Electronics Co., Ltd. announced that they will report Q1, 2022 results on Aug 06, 2021
Is New 90 Day High Low • Feb 20New 90-day high: €16.90The company is up 6.0% from its price of €15.90 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.
Reported Earnings • Feb 10Third quarter 2021 earnings released: EPS JP¥41.00 (vs JP¥63.84 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥32.5b (up 5.7% from 3Q 2020). Net income: JP¥1.07b (down 36% from 3Q 2020). Profit margin: 3.3% (down from 5.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 10Revenue misses expectationsRevenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 12%, compared to a 23% growth forecast for the Electronic industry in Germany.
Is New 90 Day High Low • Jan 20New 90-day low: €14.30The company is down 8.0% from its price of €15.60 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.73 per share.
Is New 90 Day High Low • Nov 10New 90-day high: €16.90The company is up 51% from its price of €11.20 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.12 per share.
Analyst Estimate Surprise Post Earnings • Nov 09Revenue beats expectationsRevenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 6.9%, compared to a 24% growth forecast for the Electronic industry in Germany.
Reported Earnings • Nov 09Second quarter 2021 earnings released: EPS JP¥10.35The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥28.9b (down 3.4% from 2Q 2020). Net income: JP¥271.0m (down 79% from 2Q 2020). Profit margin: 0.9% (down from 4.2% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 21New 90-day high: €15.40The company is up 38% from its price of €11.20 on 23 July 2020. The German market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.63 per share.