9744 Stock Overview
Meitec Corporation provides dispatch engineering solutions to manufacturing companies in Japan.
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥6,580.00|
|52 Week High||JP¥7,270.00|
|52 Week Low||JP¥5,210.00|
|1 Month Change||-0.60%|
|3 Month Change||-0.90%|
|1 Year Change||26.30%|
|3 Year Change||41.20%|
|5 Year Change||51.96%|
|Change since IPO||81.52%|
Recent News & Updates
|9744||JP Professional Services||JP Market|
Return vs Industry: 9744 exceeded the JP Professional Services industry which returned 17.9% over the past year.
Return vs Market: 9744 exceeded the JP Market which returned 1.7% over the past year.
|9744 Average Weekly Movement||3.6%|
|Professional Services Industry Average Movement||6.0%|
|Market Average Movement||4.2%|
|10% most volatile stocks in JP Market||8.5%|
|10% least volatile stocks in JP Market||2.3%|
Stable Share Price: 9744 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 9744's weekly volatility (4%) has been stable over the past year.
About the Company
Meitec Corporation provides dispatch engineering solutions to manufacturing companies in Japan. It offers engineering solutions, including mechanical design, electrical/electronic design, software development, chemical engineering, and analysis/evaluation. The company was formerly known as Nagoya Technical Center Co., Ltd.
Meitec Fundamentals Summary
|9744 fundamental statistics|
Is 9744 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|9744 income statement (TTM)|
|Cost of Revenue||JP¥74.97b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 27, 2022
|Earnings per share (EPS)||278.10|
|Net Profit Margin||7.41%|
How did 9744 perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Does 9744 pay a reliable dividends?See 9744 dividend history and benchmarks
|Meitec dividend dates|
|Ex Dividend Date||Mar 30 2022|
|Dividend Pay Date||Jun 23 2022|
|Days until Ex dividend||65 days|
|Days until Dividend pay date||150 days|
Does 9744 pay a reliable dividends?See 9744 dividend history and benchmarks
Is Meitec undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 9744 (¥6580) is trading below our estimate of fair value (¥10319.03)
Significantly Below Fair Value: 9744 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 9744 is poor value based on its PE Ratio (23.7x) compared to the JP Professional Services industry average (20.8x).
PE vs Market: 9744 is poor value based on its PE Ratio (23.7x) compared to the JP market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: 9744 is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: 9744 is overvalued based on its PB Ratio (3.9x) compared to the JP Professional Services industry average (2.6x).
How is Meitec forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 9744's forecast earnings growth (8.2% per year) is above the savings rate (0.02%).
Earnings vs Market: 9744's earnings (8.2% per year) are forecast to grow slower than the JP market (9.8% per year).
High Growth Earnings: 9744's earnings are forecast to grow, but not significantly.
Revenue vs Market: 9744's revenue (5.9% per year) is forecast to grow faster than the JP market (4.8% per year).
High Growth Revenue: 9744's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 9744's Return on Equity is forecast to be high in 3 years time (22.5%)
How has Meitec performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 9744 has high quality earnings.
Growing Profit Margin: 9744's current net profit margins (7.4%) are lower than last year (8.4%).
Past Earnings Growth Analysis
Earnings Trend: 9744's earnings have declined by 0.9% per year over the past 5 years.
Accelerating Growth: 9744's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 9744 had negative earnings growth (-10%) over the past year, making it difficult to compare to the Professional Services industry average (16.2%).
Return on Equity
High ROE: 9744's Return on Equity (16.5%) is considered low.
How is Meitec's financial position?
Financial Position Analysis
Short Term Liabilities: 9744's short term assets (¥62.3B) exceed its short term liabilities (¥14.7B).
Long Term Liabilities: 9744's short term assets (¥62.3B) exceed its long term liabilities (¥16.4B).
Debt to Equity History and Analysis
Debt Level: 9744 is debt free.
Reducing Debt: 9744 has not had any debt for past 5 years.
Debt Coverage: 9744 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 9744 has no debt, therefore coverage of interest payments is not a concern.
What is Meitec current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 9744's dividend (2.82%) is higher than the bottom 25% of dividend payers in the JP market (1.49%).
High Dividend: 9744's dividend (2.82%) is low compared to the top 25% of dividend payers in the JP market (3.38%).
Stability and Growth of Payments
Stable Dividend: 9744's dividend payments have been volatile in the past 10 years.
Growing Dividend: 9744's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.2%), 9744's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Hideyo Kokubun serves as the Chief Executive Officer, Chief Operating Officer and President of Meitec Corporation and has been its Executive Officer for CSR Office since 2019 and is its Executive Offic...
Experienced Management: 9744's management team is considered experienced (3 years average tenure).
Experienced Board: 9744's board of directors are considered experienced (3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Meitec Corporation's employee growth, exchange listings and data sources
- Name: Meitec Corporation
- Ticker: 9744
- Exchange: TSE
- Founded: 1974
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Implied Market Cap: JP¥176.014b
- Shares outstanding: 26.75m
- Website: https://www.meitec.co.jp
Number of Employees
- Meitec Corporation
- 1-1-10 Ueno
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/23 08:04|
|End of Day Share Price||2022/01/21 00:00|
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.