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 Analysis

Flawless balance sheet and fair value.


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

Stable Share Price: MEMS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.4%

MEMS

7.0%

FR Semiconductor

2.5%

FR Market


1 Year Return

-46.7%

MEMS

27.8%

FR Semiconductor

-18.6%

FR Market

Return vs Industry: MEMS underperformed the French Semiconductor industry which returned 27.6% over the past year.

Return vs Market: MEMS underperformed the French Market which returned -18.9% over the past year.


Shareholder returns

MEMSIndustryMarket
7 Day-2.4%7.0%2.5%
30 Day-19.8%-18.6%-17.0%
90 Day-41.0%-19.5%-25.0%
1 Year-46.7%-46.7%29.0%27.8%-15.7%-18.6%
3 Year-44.2%-44.2%45.8%38.5%0.8%-8.6%
5 Year-47.4%-47.4%102.1%85.6%10.8%-6.9%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MEMS (€1.02) is trading below our estimate of fair value (€2.65)

Significantly Below Fair Value: MEMS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MEMS is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: MEMS is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MEMS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MEMS is good value based on its PB Ratio (0.5x) compared to the FR Semiconductor industry average (2x).


Next Steps

Future Growth

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

28.9%

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?

-26.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MEMS is currently unprofitable.

Growing Profit Margin: MEMS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MEMS is unprofitable, and losses have increased over the past 5 years at a rate of -26.8% per year.

Accelerating Growth: Unable to compare MEMS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MEMS is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-30.8%).


Return on Equity

High ROE: MEMS has a negative Return on Equity (-0.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is MEMSCAP's financial position?


Financial Position Analysis

Short Term Liabilities: MEMS's short term assets (€8.5M) exceed its short term liabilities (€3.1M).

Long Term Liabilities: MEMS's short term assets (€8.5M) exceed its long term liabilities (€5.9M).


Debt to Equity History and Analysis

Debt Level: MEMS's debt to equity ratio (2.7%) is considered satisfactory.

Reducing Debt: MEMS's debt to equity ratio has reduced from 12.4% to 2.7% over the past 5 years.


Balance Sheet

Inventory Level: MEMS has a high level of physical assets or inventory.

Debt Coverage by Assets: MEMS's debt is covered by short term assets (assets are 18.8x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable MEMS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MEMS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.3% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

0.6yrs

Average board tenure


CEO

Jean Karam (49yo)

22.17s

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

Compensation vs Market: Jean's total compensation ($USD330.98K) is about average for companies of similar size in the French market ($USD319.20K).

Compensation vs Earnings: Jean's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Jean Karam
Chairman of the Board & CEO22.17yrs€300.00kno data
Joël Alanis
Non-Voting Board Member (censor)0.42yrno datano data
Christopher Pelly
Independent Director15.17yrs€590.00no data
Bernard Courtois
Independent Directorno datano datano data
Evelyne Galiatsatos
Independent Director0.83yrno datano data
Salomé Dubbé
Director0.42yrno datano data

0.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: MEMS's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 8%.


Top Shareholders

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: €7.569m
  • 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
0NYTLSE (London Stock Exchange)YesOrdinary SharesGBEURSep 2003
MEMSPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 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 offers pressure sensors, pressure transducers, and pressure switches for various applications, such as air data computers, cabin pressure, engine control, altimeters, barometers, cockpit instruments, and air data test sets. It also provides gold coated and titanium based pressure transducers, plastic domes, line-sets, and related accessories; and magnetic switches/relays, as well as supplies implantable pressure sensors for spinal pressure monitoring, abdominal aortic aneurism, etc. In addition, the company supplies optical MEMS chips for variable optical attenuators in optical telecommunication markets; and provides the multi-user MEMS processes (MUMPs) comprising PolyMUMPs, SOIMUMPs, and PiezoMUMPs, as well as MUMPs-PLUS and post processing services. Further, it offers custom products, including wafers, MEMS dies, and wafer level packaged devices; and manufacturing services, as well as prototyping services. The company sells its products and services to Fortune 500 companies, high-technology industries, research institutes, and universities. MEMSCAP, S.A. was founded in 1997 and is headquartered in Crolles, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 21:16
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.