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Market Cap

JP¥12.2b

Last Updated

2021/05/11 08:15 UTC

Data Sources

Company Financials

Executive Summary

Miraial Co., Ltd. engages in the manufacture and sale of plastic and metal machining for semiconductor, automotive, medical device, and electronic components industries in Japan. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 4238 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 4238's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.8%

4238

-0.03%

JP Semiconductor

2.4%

JP Market


1 Year Return

11.5%

4238

94.2%

JP Semiconductor

30.7%

JP Market

Return vs Industry: 4238 underperformed the JP Semiconductor industry which returned 94.2% over the past year.

Return vs Market: 4238 underperformed the JP Market which returned 30.7% over the past year.


Shareholder returns

4238IndustryMarket
7 Day-1.8%-0.03%2.4%
30 Day-5.7%-2.2%-0.6%
90 Day7.4%12.7%0.8%
1 Year14.4%11.5%97.3%94.2%33.5%30.7%
3 Year-13.9%-20.1%91.4%80.2%15.5%7.5%
5 Year98.1%78.0%379.2%339.1%62.6%44.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

11.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 4238 (¥1317) is trading above our estimate of fair value (¥503.12)

Significantly Below Fair Value: 4238 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 4238 is good value based on its PE Ratio (11.7x) compared to the JP Semiconductor industry average (26.6x).

PE vs Market: 4238 is good value based on its PE Ratio (11.7x) compared to the JP market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 4238's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4238 is good value based on its PB Ratio (0.6x) compared to the JP Semiconductor industry average (2.3x).


Future Growth

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

16.9%

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 Miraial 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.


Past Performance

How has Miraial performed over the past 5 years?

29.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4238 has a large one-off gain of ¥635.0M impacting its January 31 2021 financial results.

Growing Profit Margin: 4238's current net profit margins (10.4%) are higher than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: 4238's earnings have grown significantly by 29% per year over the past 5 years.

Accelerating Growth: 4238's earnings growth over the past year (10.9%) is below its 5-year average (29% per year).

Earnings vs Industry: 4238 earnings growth over the past year (10.9%) underperformed the Semiconductor industry 30.4%.


Return on Equity

High ROE: 4238's Return on Equity (5.3%) is considered low.


Financial Health

How is Miraial's financial position?


Financial Position Analysis

Short Term Liabilities: 4238's short term assets (¥15.6B) exceed its short term liabilities (¥2.8B).

Long Term Liabilities: 4238's short term assets (¥15.6B) exceed its long term liabilities (¥811.0M).


Debt to Equity History and Analysis

Debt Level: 4238 is debt free.

Reducing Debt: 4238 has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.

Debt Coverage: 4238 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 4238 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

2.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4238's dividend (2.28%) is higher than the bottom 25% of dividend payers in the JP market (1.23%).

High Dividend: 4238's dividend (2.28%) is low compared to the top 25% of dividend payers in the JP market (2.82%).


Stability and Growth of Payments

Stable Dividend: 4238 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 4238 has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.7%), 4238's dividend payments are well 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?

0.08yrs

Average management tenure


CEO

Masatoshi Hyobu (46 yo)

2.08yrs

Tenure

Mr. Masatoshi Hyobu serves as President at Sanjo Seiki Co., Ltd. He has been President since April 2019 and served as Senior Executive Managing Director of Miraial Co., Ltd. until April 2019. Mr. Hyobu ser...


Leadership Team

Experienced Management: 4238's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: 4238's board of directors are not considered experienced ( 2.1 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Miraial Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Miraial Co., Ltd.
  • Ticker: 4238
  • Exchange: TSE
  • Founded: 1968
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: JP¥12.187b
  • Shares outstanding: 9.00m
  • Website: https://www.miraial.co.jp

Number of Employees


Location

  • Miraial Co., Ltd.
  • NISSAY Ikebukuro Building
  • 1-24-1, Higashi-Ikebukuro
  • Tokyo
  • 170-0013
  • Japan

Listings


Biography

Miraial Co., Ltd. engages in the manufacture and sale of plastic and metal machining for semiconductor, automotive, medical device, and electronic components industries in Japan. The company offers wafer h...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/11 08:15
End of Day Share Price2021/05/11 00:00
Earnings2021/01/31
Annual Earnings2021/01/31


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.