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MYPK

Iochpe-MaxionBOVESPA:MYPK3 Stock Report

Market Cap

R$2.6b

7D

-10.0%

1Y

19.5%

Updated

22 Oct, 2021

Data

Company Financials +
MYPK3 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends0/6

MYPK3 Overview

Iochpe-Maxion S.A. produces and sells automotive wheels and structural components for light and commercial vehicles in North America, South America, Europe, Asia, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Iochpe-Maxion
Historical stock prices
Current Share PriceR$17.09
52 Week HighR$11.45
52 Week LowR$19.87
Beta1.27
1 Month Change0.29%
3 Month Change13.48%
1 Year Change19.51%
3 Year Change-13.34%
5 Year Change6.30%
Change since IPO879.30%

Recent News & Updates

Aug 25
Iochpe-Maxion (BVMF:MYPK3) Has A Somewhat Strained Balance Sheet

Iochpe-Maxion (BVMF:MYPK3) Has A Somewhat Strained Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jul 13
Is Now An Opportune Moment To Examine Iochpe-Maxion S.A. (BVMF:MYPK3)?

Is Now An Opportune Moment To Examine Iochpe-Maxion S.A. (BVMF:MYPK3)?

While Iochpe-Maxion S.A. ( BVMF:MYPK3 ) might not be the most widely known stock at the moment, it saw a significant...

Jun 03
Be Wary Of Iochpe-Maxion (BVMF:MYPK3) And Its Returns On Capital

Be Wary Of Iochpe-Maxion (BVMF:MYPK3) And Its Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...

Shareholder Returns

MYPK3BR MachineryBR Market
7D-10.0%-7.2%-6.6%
1Y19.5%4.1%-0.4%

Return vs Industry: MYPK3 exceeded the BR Machinery industry which returned 5.6% over the past year.

Return vs Market: MYPK3 exceeded the BR Market which returned 0.2% over the past year.

Price Volatility

Is MYPK3's price volatile compared to industry and market?
MYPK3 volatility
MYPK3 Beta1.27
Industry Beta1.37
Market Beta1

Stable Share Price: MYPK3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MYPK3's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191817,000Marcos de Oliveirahttps://www.iochpe.com.br

Iochpe-Maxion S.A. produces and sells automotive wheels and structural components for light and commercial vehicles in North America, South America, Europe, Asia, and internationally. It operates through two segments, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-up trucks, and SUVs, as well as light and medium-sized commercial vehicles; and light aluminum wheels for vehicles.

Iochpe-Maxion Fundamentals Summary

How do Iochpe-Maxion's earnings and revenue compare to its market cap?
MYPK3 fundamental statistics
Market CapR$2.62b
Earnings (TTM)R$117.71m
Revenue (TTM)R$11.68b

22.1x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYPK3 income statement (TTM)
RevenueR$11.68b
Cost of RevenueR$10.33b
Gross ProfitR$1.35b
ExpensesR$1.23b
EarningsR$117.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.77
Gross Margin11.54%
Net Profit Margin1.01%
Debt/Equity Ratio138.0%

How did MYPK3 perform over the long term?

See historical performance and comparison

Valuation

Is Iochpe-Maxion undervalued compared to its fair value and its price relative to the market?

18.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MYPK3 (R$17.09) is trading below our estimate of fair value (R$21.04)

Significantly Below Fair Value: MYPK3 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MYPK3 is poor value based on its PE Ratio (22.1x) compared to the BR Machinery industry average (9.2x).

PE vs Market: MYPK3 is poor value based on its PE Ratio (22.1x) compared to the BR market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: MYPK3 is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: MYPK3 is good value based on its PB Ratio (0.7x) compared to the BR Machinery industry average (1.6x).


Future Growth

How is Iochpe-Maxion forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

5.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYPK3's forecast earnings growth (5.7% per year) is below the savings rate (9.1%).

Earnings vs Market: MYPK3's earnings (5.7% per year) are forecast to grow slower than the BR market (10.4% per year).

High Growth Earnings: MYPK3's earnings are forecast to grow, but not significantly.

Revenue vs Market: MYPK3's revenue (8.4% per year) is forecast to grow faster than the BR market (7.8% per year).

High Growth Revenue: MYPK3's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MYPK3's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has Iochpe-Maxion performed over the past 5 years?

-17.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MYPK3 has a large one-off loss of R$140.9M impacting its June 30 2021 financial results.

Growing Profit Margin: MYPK3 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MYPK3 has become profitable over the past 5 years, growing earnings by -17.3% per year.

Accelerating Growth: MYPK3 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MYPK3 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (118.5%).


Return on Equity

High ROE: MYPK3's Return on Equity (5.5%) is considered low.


Financial Health

How is Iochpe-Maxion's financial position?


Financial Position Analysis

Short Term Liabilities: MYPK3's short term assets (R$6.2B) exceed its short term liabilities (R$4.8B).

Long Term Liabilities: MYPK3's short term assets (R$6.2B) exceed its long term liabilities (R$4.5B).


Debt to Equity History and Analysis

Debt Level: MYPK3's debt to equity ratio (138%) is considered high.

Reducing Debt: MYPK3's debt to equity ratio has reduced from 154.2% to 138% over the past 5 years.

Debt Coverage: MYPK3's debt is not well covered by operating cash flow (7.9%).

Interest Coverage: MYPK3's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Dividend

What is Iochpe-Maxion current dividend yield, its reliability and sustainability?

5.93%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MYPK3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MYPK3's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MYPK3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MYPK3's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MYPK3 is not paying a notable dividend for the BR market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MYPK3's dividend in 3 years as they are not forecast to pay a notable one for the BR market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

Marcos de Oliveira

7.75yrs

Tenure

Mr. Marcos S. de Oliveira has been the Chief Executive Officer of Iochpe-Maxion S.A. since 2014 and has been its Member of Executive Board since April 29, 2015. Mr. De Oliveira served as a Corporate Vice P...


Leadership Team

Experienced Management: MYPK3's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: MYPK3's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Iochpe-Maxion S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Iochpe-Maxion S.A.
  • Ticker: MYPK3
  • Exchange: BOVESPA
  • Founded: 1918
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: R$2.622b
  • Shares outstanding: 152.37m
  • Website: https://www.iochpe.com.br

Number of Employees


Location

  • Iochpe-Maxion S.A.
  • Rua Dr. Othon Barcellos, 83
  • Cruzeiro
  • São Paulo
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 23:12
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.