ENXTPA:MEMS

Stock Analysis Report

Executive Summary

MEMSCAP, S.A. provides products and solutions based on micro-electro-mechanical systems (MEMS) for aerospace/defense, optical communications, medical and biomedical, and IT/consumer markets worldwide.

Snowflake

Fundamentals

Excellent balance sheet and overvalued.

Risks

  • MEMSCAP is not covered by any analysts.

Similar Companies

Share Price & News

How has MEMSCAP's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.3%

ENXTPA:MEMS

4.0%

FR Semiconductor

0.6%

FR Market


1 Year Return

-7.4%

ENXTPA:MEMS

16.0%

FR Semiconductor

4.2%

FR Market

MEMS underperformed the Semiconductor industry which returned 16% over the past year.

MEMS underperformed the Market in France which returned 4.2% over the past year.


Share holder returns

MEMSIndustryMarket
7 Day-3.3%4.0%0.6%
30 Day-0.3%15.8%6.0%
90 Day-3.6%23.8%3.9%
1 Year-7.4%-7.4%17.4%16.0%7.7%4.2%
3 Year26.0%26.0%205.7%192.8%48.9%34.5%
5 Year0%0%234.0%183.0%59.0%35.7%

Price Volatility Vs. Market

How volatile is MEMSCAP's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MEMSCAP undervalued based on future cash flows and its price relative to the stock market?

65.75x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

MEMSCAP's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

MEMSCAP's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

MEMSCAP is overvalued based on earnings compared to the Europe Semiconductor industry average.

MEMSCAP is overvalued based on earnings compared to the France market.


Price Based on Expected Growth

Unable to calculate PEG ratio for MEMSCAP, we can't assess if its growth is good value.


Price Based on Value of Assets

MEMSCAP is good value based on assets compared to the FR Semiconductor industry average.


Next Steps

Future Growth

How is MEMSCAP expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.3%

Forecasted Semiconductors industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MEMSCAP has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has MEMSCAP performed over the past 5 years?

-9.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

MEMSCAP's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

MEMSCAP has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

MEMSCAP has become profitable in the last year making it difficult to compare the Europe Semiconductor industry average.


Return on Equity

MEMSCAP has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

MEMSCAP used its assets less efficiently than the Europe Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if MEMSCAP improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is MEMSCAP's financial position?


Financial Position Analysis

MEMSCAP is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

MEMSCAP's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

MEMSCAP's level of debt (3.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (13.4% vs 3.6% today).

Debt is well covered by operating cash flow (162.1%, greater than 20% of total debt).

Unable to confirm if the interest payments on MEMSCAP's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 15x debt.


Next Steps

Dividend

What is MEMSCAP's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate MEMSCAP's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate MEMSCAP's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as MEMSCAP has not reported any payouts.

Unable to verify if MEMSCAP's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as MEMSCAP has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of MEMSCAP's salary, the management and board of directors tenure and is there insider trading?

€300k

CEO Compensation


CEO

Jean Karam 0

21.7yrs

Tenure

€300,000

Compensation

Dr. Jean-Michel Karam serves as the Chairman of MEMSCAP S.A. and has been its Chief Executive Officer since 1998. Dr. Karam serves as the Chief Executive Officer at IntuiSkin SAS, a subsidiary of MEMSCAP S ...


CEO Compensation Analysis

Jean's remuneration is higher than average for companies of similar size in France.

Jean's compensation has been consistent with company performance over the past year, both up more than 20%.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jean Karam

    Chairman of the Board & CEO

    • Tenure: 21.7yrs
    • Compensation: €300.00k
  • Yann Cousinet

    Chief Financial Officer

    • Tenure: 0yrs
  • Nicolas Bertsch

    General Manager of Custom Products and Central Research & Development

    • Tenure: 0yrs

Board Members

  • Jean Karam

    Chairman of the Board & CEO

    • Tenure: 21.7yrs
    • Compensation: €300.00k
  • Joël Alanis

    Independent Director

    • Tenure: 0yrs
  • Chris Pelly

    Independent Director

    • Tenure: 14.7yrs
    • Compensation: €590.00
  • Bernard Courtois

    Independent Director

    • Tenure: 0yrs
  • Evelyne Galiatsatos (54yo)

    Independent Director

    • Tenure: 0.3yrs

Company Information

MEMSCAP, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MEMSCAP, S.A.
  • Ticker: MEMS
  • Exchange: ENXTPA
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: €14.094m
  • Shares outstanding: 7.46m
  • Website: https://www.memscap.com

Number of Employees


Location

  • MEMSCAP, S.A.
  • Parc Activillage des Fontaines
  • ZI Bernin
  • Crolles
  • Rhône-Alpes
  • 38926
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMAP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2003
MEMSENXTPA (Euronext Paris)YesOrdinary SharesFREURSep 2003
MSBADB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2003

Biography

MEMSCAP, S.A. provides products and solutions based on micro-electro-mechanical systems (MEMS) for aerospace/defense, optical communications, medical and biomedical, and IT/consumer markets worldwide. The  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 20:48
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.