MEC Future Growth

Future criteria checks 3/6

MEC is forecast to grow earnings and revenue by 18.4% and 12.5% per annum respectively. EPS is expected to grow by 18.4% per annum. Return on equity is forecast to be 11.7% in 3 years.

Key information

18.4%

Earnings growth rate

18.4%

EPS growth rate

Chemicals earnings growth	15.5%
Revenue growth rate	12.5%
Future return on equity	11.7%
Analyst coverage	Low
Last updated	01 Apr 2024

Recent future growth updates

Recent updates

MEC (TSE:4971) Has Announced A Dividend Of ¥20.00

Apr 11

Earnings and Revenue Growth Forecasts

TSE:4971 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	20,250	3,875	2,860	4,290	2
12/31/2025	18,800	3,418	3,377	3,790	5
12/31/2024	16,725	2,534	-596	2,740	4
12/31/2023	14,020	2,304	60	1,941	N/A
9/30/2023	13,946	2,389	N/A	N/A	N/A
6/30/2023	14,400	2,479	1,090	2,700	N/A
3/31/2023	15,139	2,353	N/A	N/A	N/A
12/31/2022	16,329	3,064	3,208	3,810	N/A
9/30/2022	16,245	3,047	N/A	N/A	N/A
6/30/2022	16,141	3,144	2,882	3,414	N/A
3/31/2022	15,488	3,000	N/A	N/A	N/A
12/31/2021	15,038	2,949	2,311	3,013	N/A
9/30/2021	14,385	2,683	N/A	N/A	N/A
6/30/2021	13,279	2,267	1,917	2,807	N/A
3/31/2021	12,652	2,020	N/A	N/A	N/A
12/31/2020	11,956	1,595	1,404	2,429	N/A
9/30/2020	11,489	1,426	N/A	N/A	N/A
6/30/2020	11,590	1,573	1,186	2,290	N/A
3/31/2020	11,346	1,395	N/A	N/A	N/A
12/31/2019	10,865	1,236	1,262	2,162	N/A
9/30/2019	11,000	1,355	N/A	N/A	N/A
6/30/2019	10,805	1,346	960	1,695	N/A
3/31/2019	10,996	1,571	N/A	N/A	N/A
12/31/2018	11,328	1,778	1,099	1,928	N/A
12/31/2017	12,035	1,739	961	2,121	N/A
9/30/2017	9,978	1,857	N/A	1,899	N/A
6/30/2017	9,454	1,715	N/A	N/A	N/A
3/31/2017	9,259	1,642	N/A	1,633	N/A
12/31/2016	9,190	1,787	N/A	N/A	N/A
9/30/2016	9,144	1,624	N/A	1,849	N/A
6/30/2016	9,193	1,499	N/A	N/A	N/A
3/31/2016	9,078	1,514	N/A	1,796	N/A
12/31/2015	8,985	1,452	N/A	N/A	N/A
9/30/2015	9,011	1,336	N/A	1,632	N/A
6/30/2015	9,087	1,394	N/A	N/A	N/A
3/31/2015	9,057	1,344	N/A	1,489	N/A
12/31/2014	8,813	1,081	N/A	N/A	N/A
9/30/2014	8,742	1,186	N/A	1,746	N/A
6/30/2014	8,421	1,087	N/A	N/A	N/A
3/31/2014	8,003	925	N/A	1,759	N/A
12/31/2013	7,790	993	N/A	N/A	N/A
9/30/2013	7,273	811	N/A	1,001	N/A
6/30/2013	6,876	660	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4971's forecast earnings growth (18.4% per year) is above the savings rate (0.2%).

Earnings vs Market: 4971's earnings (18.4% per year) are forecast to grow faster than the JP market (9.5% per year).

High Growth Earnings: 4971's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4971's revenue (12.5% per year) is forecast to grow faster than the JP market (4.4% per year).

High Growth Revenue: 4971's revenue (12.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 4971's Return on Equity is forecast to be low in 3 years time (11.7%).

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MEC Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 8.9% to JP¥4,300

Consensus EPS estimates increase by 11%, revenue downgraded

Price target increased by 7.3% to JP¥3,575

Consensus EPS estimates fall by 37%

Consensus revenue estimates fall by 16%

Price target decreased by 8.4% to JP¥3,433

Recent updates

MEC (TSE:4971) Has Announced A Dividend Of ¥20.00

Final dividend of JP¥20.00 announced

Now 21% undervalued after recent price drop

MEC Company Ltd. to Report Q1, 2024 Results on May 10, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Full year 2023 earnings: EPS exceeds analyst expectations

MEC Company Ltd., Annual General Meeting, Mar 19, 2024

Upcoming dividend of JP¥25.00 per share at 1.1% yield

MEC Company Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024

Price target increased by 8.9% to JP¥4,300

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

MEC Company Ltd. to Report Q3, 2023 Results on Nov 10, 2023

Consensus EPS estimates increase by 11%, revenue downgraded

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.3% to JP¥3,575

Upcoming dividend of JP¥20.00 per share at 1.3% yield

Consensus EPS estimates fall by 37%

MEC Company Ltd. to Report Q2, 2023 Results on Aug 09, 2023

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings released: EPS: JP¥4.31 (vs JP¥41.73 in 1Q 2022)

MEC Company Ltd. (TSE:4971) announces an Equity Buyback for 300,000 shares, representing 1.56% for ¥900 million.

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus revenue estimates fall by 16%

Price target decreased by 8.4% to JP¥3,433

Full year 2022 earnings: EPS and revenues miss analyst expectations

MEC Company Ltd. Provides Consolidated Earnings Forecasts for the First Half and for the Full Year of Fiscal Year Ending December 31, 2023

MEC Company Ltd., Annual General Meeting, Mar 23, 2023

Investor sentiment improved over the past week

Upcoming dividend of JP¥25.00 per share

MEC Company Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023

Price target increased to JP¥4,033

Third quarter 2022 earnings released: EPS: JP¥37.95 (vs JP¥43.05 in 3Q 2021)

MEC Company Ltd. Provides Dividend Guidance for the Fiscal Year Ending December 31, 2022

Third quarter 2022 earnings released: EPS: JP¥37.93 (vs JP¥43.05 in 3Q 2021)

MEC Company Ltd. to Report Q3, 2022 Results on Nov 10, 2022

MEC Company Ltd. Announces Dividend for the Second Quarter of Fiscal Year Ending December 31, 2022, Payable on September 6, 2022 and Dividend Guidance for the Fiscal Year Ending December 31, 2022

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of JP¥20.00 per share

Investor sentiment deteriorated over the past week

Price target increased to JP¥4,033

MEC Company Ltd. to Report Q2, 2022 Results on Aug 10, 2022

MEC Company Ltd. Provides Consolidated Earnings Guidance for the First Half of Fiscal Year Ending December 31, 2022; Provides Earnings Guidance for the Year Ending December 31, 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

MEC Company Ltd. to Report Q1, 2022 Results on May 10, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

MEC Company Ltd. Provides Fourth Quarter Dividend Guidance for the Fiscal Year Ending December 31, 2022

Consensus forecasts updated

MEC Company Ltd., Annual General Meeting, Mar 23, 2022

Upcoming dividend of JP¥21.00 per share

Investor sentiment improved over the past week

Price target increased to JP¥4,500

Third quarter 2021 earnings released: EPS JP¥43.05 (vs JP¥21.18 in 3Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

MEC Company Ltd. Revises Consolidated Earnings Guidance for the Full Year Ending December 31, 2021

Investor sentiment improved over the past week

Upcoming dividend of JP¥14.00 per share

Price target increased to JP¥3,000

First quarter 2021 earnings released: EPS JP¥39.10 (vs JP¥16.70 in 1Q 2020)

Full year 2020 earnings released: EPS JP¥84.05 (vs JP¥65.14 in FY 2019)

Full year 2020 earnings released: EPS JP¥84.09 (vs JP¥65.14 in FY 2019)

Revenue and earnings beat expectations

MEC Company Ltd. to Report Q1, 2021 Results on May 12, 2021

New 90-day low: JP¥2,013

Full year 2020 earnings released: EPS JP¥84.05 (vs JP¥65.14 in FY 2019)

Revenue and earnings beat expectations

MEC Company Ltd., Annual General Meeting, Mar 24, 2021

New 90-day high: JP¥2,455