Reported Earnings • 18h
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: US$1.83 (up from US$1.32 in 2Q 2025). Revenue: US$1.37b (up 13% from 2Q 2025). Net income: US$124.9m (up 39% from 2Q 2025). Profit margin: 9.1% (up from 7.4% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 53%. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Asia are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jul 22
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from US$638.6b to US$710.3b. EPS estimate increased from US$878 to US$906 per share. Net income forecast to shrink 2.8% next year vs 15% growth forecast for Energy Services industry in Japan . Consensus price target down from JP¥15,133 to JP¥14,733. Share price was steady at JP¥10,020 over the past week. New Risk • Jul 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). New Risk • Jul 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Upcoming Dividend • Jun 22
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 09 September 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (3.7%). Aankondiging • May 30
MODEC, Inc. to Report Q2, 2026 Results on Aug 07, 2026 MODEC, Inc. announced that they will report Q2, 2026 results on Aug 07, 2026 New Risk • May 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). New Risk • May 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Declared Dividend • Apr 11
Final dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 29th June 2026 Payment date: 9th September 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Apr 04
MODEC, Inc. to Report Q1, 2026 Results on May 13, 2026 MODEC, Inc. announced that they will report Q1, 2026 results at 12:30 PM, Tokyo Standard Time on May 13, 2026 Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥14,375, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Energy Services industry in Asia. Total returns to shareholders of 1,077% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥27,062 per share. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥13,000, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Energy Services industry in Asia. Total returns to shareholders of 820% over the past three years. Reported Earnings • Feb 19
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥826 (up from JP¥510 in FY 2024). Revenue: JP¥717.1b (up 8.3% from FY 2024). Net income: JP¥56.5b (up 62% from FY 2024). Profit margin: 7.9% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is expected to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Asia are expected to grow by 6.3%. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Aankondiging • Feb 17
MODEC, Inc. to Report Fiscal Year 2025 Results on Mar 26, 2026 MODEC, Inc. announced that they will report fiscal year 2025 results on Mar 26, 2026 Buy Or Sell Opportunity • Feb 02
Now 21% undervalued Over the last 90 days, the stock has risen 46% to JP¥14,655. The fair value is estimated to be JP¥18,577, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 4.3% per annum. Earnings are forecast to grow by 6.3% per annum over the same time period. Major Estimate Revision • Jan 29
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$635.2b to US$685.5b. EPS estimate increased from US$697 to US$795 per share. Net income forecast to grow 30% next year vs 26% growth forecast for Energy Services industry in Japan. Consensus price target of JP¥11,267 unchanged from last update. Share price rose 12% to JP¥15,100 over the past week. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥14,325, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Energy Services industry in Asia. Total returns to shareholders of 1,007% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥22,167 per share. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.0%). Aankondiging • Dec 03
MODEC, Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 MODEC, Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥12,980, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 775% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥21,268 per share. Major Estimate Revision • Nov 02
Consensus EPS estimates increase by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥625.5b to JP¥647.7b. EPS estimate increased from JP¥530 to JP¥653 per share. Net income forecast to grow 33% next year vs 20% growth forecast for Energy Services industry in Japan. Consensus price target up from JP¥6,800 to JP¥9,600. Share price rose 8.7% to JP¥10,020 over the past week. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥9,570, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 518% over the past three years. Declared Dividend • Sep 10
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Sep 01
MODEC, Inc. to Report Q3, 2025 Results on Nov 12, 2025 MODEC, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025 Reported Earnings • Aug 12
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$1.31 (up from US$0.90 in 2Q 2024). Revenue: US$1.20b (up 14% from 2Q 2024). Net income: US$89.4m (up 45% from 2Q 2024). Profit margin: 7.4% (up from 5.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 65%. Revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 09
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$577.1b to US$570.7b. EPS estimate rose from US$455 to US$512. Net income forecast to grow 14% next year vs 16% growth forecast for Energy Services industry in Japan. Consensus price target up from JP¥5,100 to JP¥5,733. Share price rose 4.9% to JP¥6,820 over the past week. Price Target Changed • Aug 08
Price target increased by 19% to JP¥5,733 Up from JP¥4,800, the current price target is an average from 3 analysts. New target price is 16% below last closing price of JP¥6,820. Stock is up 144% over the past year. The company is forecast to post earnings per share of US$3.48 for next year compared to US$3.24 last year. Major Estimate Revision • Jul 04
Consensus EPS estimates increase by 52%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$593.3b to US$577.1b. EPS estimate rose from US$300 to US$455. Net income forecast to grow 4.7% next year vs 16% growth forecast for Energy Services industry in Japan. Consensus price target up from JP¥4,800 to JP¥5,100. Share price rose 9.2% to JP¥6,650 over the past week. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥6,570, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Energy Services industry in Asia. Total returns to shareholders of 515% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,084 per share. New Risk • Jun 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Buy Or Sell Opportunity • Jun 24
Now 21% undervalued Over the last 90 days, the stock has risen 38% to JP¥5,790. The fair value is estimated to be JP¥7,370, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.5% per annum. Earnings are forecast to grow by 0.1% per annum over the same time period. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.3%). Aankondiging • May 31
MODEC, Inc. to Report Q2, 2025 Results on Aug 07, 2025 MODEC, Inc. announced that they will report Q2, 2025 results on Aug 07, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,900, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 315% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,303 per share. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,240, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 267% over the past three years. Board Change • Apr 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Yuko Maeda was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Apr 11
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 27th June 2025 Payment date: 10th September 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.0% over the next 3 years. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥3,155, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 163% over the past three years. Aankondiging • Mar 01
MODEC, Inc. to Report Q1, 2025 Results on May 13, 2025 MODEC, Inc. announced that they will report Q1, 2025 results on May 13, 2025 Major Estimate Revision • Feb 27
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$2.71 to US$3.08. Revenue forecast steady at US$4.11b. Net income forecast to shrink 4.4% next year vs 26% growth forecast for Energy Services industry in Japan . Consensus price target up from JP¥4,300 to JP¥4,800. Share price fell 4.6% to JP¥4,050 over the past week. Price Target Changed • Feb 26
Price target increased by 17% to JP¥4,800 Up from JP¥4,100, the current price target is an average from 3 analysts. New target price is 18% above last closing price of JP¥4,080. Stock is up 35% over the past year. The company is forecast to post earnings per share of US$3.07 for next year compared to US$3.23 last year. Aankondiging • Feb 17
MODEC, Inc. to Report Q4, 2024 Results on Mar 27, 2025 MODEC, Inc. announced that they will report Q4, 2024 results on Mar 27, 2025 Reported Earnings • Feb 15
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$3.23 (up from US$1.56 in FY 2023). Revenue: US$4.19b (up 16% from FY 2023). Net income: US$220.4m (up 127% from FY 2023). Profit margin: 5.3% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Asia are expected to grow by 7.7%. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 13
MODEC, Inc., Annual General Meeting, Mar 27, 2025 MODEC, Inc., Annual General Meeting, Mar 27, 2025. New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.4% 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 Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥3,990, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Energy Services industry in Asia. Total returns to shareholders of 253% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.5%). Aankondiging • Dec 03
MODEC, Inc. to Report Fiscal Year 2024 Results on Feb 13, 2025 MODEC, Inc. announced that they will report fiscal year 2024 results on Feb 13, 2025 New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Nov 15
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.69 (up from US$0.18 in 3Q 2023). Revenue: US$1.12b (up 24% from 3Q 2023). Net income: US$47.0m (up 288% from 3Q 2023). Profit margin: 4.2% (up from 1.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 79%. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Asia are expected to grow by 7.9%. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 23
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥3,230. The fair value is estimated to be JP¥2,573, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are forecast to decline by 0.9% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,025, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 82% over the past three years. Major Estimate Revision • Sep 18
Consensus EPS estimates increase by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥586.3b to JP¥605.0b. EPS estimate increased from JP¥293 to JP¥363 per share. Net income forecast to shrink 18% next year vs 27% growth forecast for Energy Services industry in Japan . Consensus price target up from JP¥3,750 to JP¥4,050. Share price rose 16% to JP¥3,025 over the past week. New Risk • Sep 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • Aug 29
MODEC, Inc. to Report Q3, 2024 Results on Nov 12, 2024 MODEC, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 12
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$0.90 (up from US$0.38 in 2Q 2023). Revenue: US$1.05b (up 17% from 2Q 2023). Net income: US$61.5m (up 185% from 2Q 2023). Profit margin: 5.8% (up from 2.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 159%. Revenue is forecast to stay flat during the next 3 years compared to a 7.7% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 10
Dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Aug 08
Modec, Inc. Revises Consolidated Earnings Guidance for the Year Ending December 31, 2024 MODEC, Inc. revised consolidated earnings guidance for the year ending December 31, 2024. For year, the company expected revenue of USD 4,300,000 compared to previous forecast of USD 3,900,000, operating profit of USD 290,000 compared to previous forecast of USD 200,000,profit attributable to owners of parent of USD 200,000 compared to previous forecast of USD 120,000 and earnings per share of USD 2.93 compared to previous forecast of USD 1.76. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (21% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to JP¥1,918, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Energy Services industry in Asia. Total returns to shareholders of 15% over the past three years.