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9744

MeitecTSE:9744 Stock Report

Last Price

JP¥6.58k

Market Cap

JP¥176.0b

7D

-1.8%

1Y

26.3%

Updated

23 Jan, 2022

Data

Company Financials +
9744 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health6/6
Dividends3/6

9744 Stock Overview

Meitec Corporation provides dispatch engineering solutions to manufacturing companies in Japan.

Meitec Competitors

Recruit Holdings

TSE:6098

JP¥9.8t

Persol Holdings

TSE:2181

JP¥696.3b

TechnoPro Holdings

TSE:6028

JP¥333.4b

Pasona Group

TSE:2168

JP¥105.2b

Price History & Performance

Summary of all time highs, changes and price drops for Meitec
Historical stock prices
Current Share PriceJP¥6,580.00
52 Week HighJP¥7,270.00
52 Week LowJP¥5,210.00
Beta0.85
1 Month Change-0.60%
3 Month Change-0.90%
1 Year Change26.30%
3 Year Change41.20%
5 Year Change51.96%
Change since IPO81.52%

Recent News & Updates

Shareholder Returns

9744JP Professional ServicesJP Market
7D-1.8%-0.6%-2.6%
1Y26.3%17.9%1.7%

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.

Price Volatility

Is 9744's price volatile compared to industry and market?
9744 volatility
9744 Average Weekly Movement3.6%
Professional Services Industry Average Movement6.0%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.5%
10% least volatile stocks in JP Market2.3%

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

FoundedEmployeesCEOWebsite
197411,794Hideyo Kokubunhttps://www.meitec.co.jp

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

How do Meitec's earnings and revenue compare to its market cap?
9744 fundamental statistics
Market CapJP¥176.01b
Earnings (TTM)JP¥7.44b
Revenue (TTM)JP¥100.45b

23.7x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9744 income statement (TTM)
RevenueJP¥100.45b
Cost of RevenueJP¥74.97b
Gross ProfitJP¥25.48b
ExpensesJP¥18.04b
EarningsJP¥7.44b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 27, 2022

Earnings per share (EPS)278.10
Gross Margin25.37%
Net Profit Margin7.41%
Debt/Equity Ratio0.0%

How did 9744 perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

71%

Payout Ratio

Does 9744 pay a reliable dividends?

See 9744 dividend history and benchmarks
When do you need to buy 9744 by to receive an upcoming dividend?
Meitec dividend dates
Ex Dividend DateMar 30 2022
Dividend Pay DateJun 23 2022
Days until Ex dividend65 days
Days until Dividend pay date150 days

Does 9744 pay a reliable dividends?

See 9744 dividend history and benchmarks

Valuation

Is Meitec undervalued compared to its fair value and its price relative to the market?

36.2%

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).


Future Growth

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

8.2%

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%)


Past Performance

How has Meitec performed over the past 5 years?

-0.9%

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.


Financial Health

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.


Balance Sheet


Dividend

What is Meitec current dividend yield, its reliability and sustainability?

2.82%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 24 2022Ex Dividend DateMar 30 2022Dividend Pay DateJun 23 202285 days from Ex DividendBuy in the next 65 days to receive the upcoming dividend

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.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Hideyo Kokubun

no data

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...


Leadership Team

Experienced Management: 9744's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: 9744's board of directors are considered experienced (3 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

Meitec Corporation's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Meitec Corporation
  • 1-1-10 Ueno
  • Taito-ku
  • Tokyo
  • 100-0005
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 08:04
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.