JASDAQ:6787

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Meiko Electronics

Market Cap

JP¥85.1b

Last Updated

2021/06/20 08:12 UTC

Data Sources

Company Financials +

Executive Summary

Meiko Electronics Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards (PCBs) and auxiliary electronics in Japan, rest of Asia, North America, Europe, and internationally. More Details


Snowflake Analysis

Solid track record with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6787 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 6787's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of JP stocks.


Market Performance


7 Day Return

10.6%

6787

2.9%

JP Electronic

-0.4%

JP Market


1 Year Return

124.0%

6787

28.0%

JP Electronic

21.8%

JP Market

Return vs Industry: 6787 exceeded the JP Electronic industry which returned 28% over the past year.

Return vs Market: 6787 exceeded the JP Market which returned 21.8% over the past year.


Shareholder returns

6787IndustryMarket
7 Day10.6%2.9%-0.4%
30 Day16.5%6.0%2.6%
90 Day22.3%-0.1%-2.8%
1 Year125.7%124.0%29.5%28.0%24.4%21.8%
3 Year46.5%40.1%39.6%33.8%19.4%11.3%
5 Year884.3%819.9%150.0%132.6%79.6%59.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6787 (¥3275) is trading below our estimate of fair value (¥3286.43)

Significantly Below Fair Value: 6787 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 6787 is poor value based on its PE Ratio (18.5x) compared to the JP Electronic industry average (16.9x).

PE vs Market: 6787 is poor value based on its PE Ratio (18.5x) compared to the JP market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: 6787 is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 6787 is overvalued based on its PB Ratio (2.1x) compared to the JP Electronic industry average (1x).


Future Growth

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

17.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6787's forecast earnings growth (17.9% per year) is above the savings rate (0%).

Earnings vs Market: 6787's earnings (17.9% per year) are forecast to grow faster than the JP market (12.8% per year).

High Growth Earnings: 6787's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6787's revenue (6.8% per year) is forecast to grow faster than the JP market (5.2% per year).

High Growth Revenue: 6787's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6787's Return on Equity is forecast to be low in 3 years time (17.2%).


Past Performance

How has Meiko Electronics performed over the past 5 years?

30.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6787 has high quality earnings.

Growing Profit Margin: 6787's current net profit margins (3.9%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: 6787 has become profitable over the past 5 years, growing earnings by 30.9% per year.

Accelerating Growth: 6787's earnings growth over the past year (79.4%) exceeds its 5-year average (30.9% per year).

Earnings vs Industry: 6787 earnings growth over the past year (79.4%) exceeded the Electronic industry 10.1%.


Return on Equity

High ROE: 6787's Return on Equity (11.4%) is considered low.


Financial Health

How is Meiko Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 6787's short term assets (¥66.3B) exceed its short term liabilities (¥59.2B).

Long Term Liabilities: 6787's short term assets (¥66.3B) exceed its long term liabilities (¥42.2B).


Debt to Equity History and Analysis

Debt Level: 6787's debt to equity ratio (165.9%) is considered high.

Reducing Debt: 6787's debt to equity ratio has reduced from 196.9% to 165.9% over the past 5 years.

Debt Coverage: 6787's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: 6787's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


Dividend

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

1.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6787's dividend (1.22%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.32%).

High Dividend: 6787's dividend (1.22%) is low compared to the top 25% of dividend payers in the JP market (3.01%).


Stability and Growth of Payments

Stable Dividend: 6787's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6787's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.3%), 6787's dividend payments are thoroughly 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?

7.0yrs

Average board tenure


CEO

Yuichiro Naya (77 yo)

15yrs

Tenure

Mr. Yuichiro Naya has been the President of Meiko Electronics Co., Ltd. since June 2006 and also serves as its Chief Executive Officer. Mr. Naya has been the President of Miyagi Meiko K.K. since December ...


Board Members

Experienced Board: 6787's board of directors are considered experienced (7 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

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


Key Information

  • Name: Meiko Electronics Co., Ltd.
  • Ticker: 6787
  • Exchange: JASDAQ
  • Founded: 1975
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: JP¥85.068b
  • Shares outstanding: 25.97m
  • Website: https://www.meiko-elec.com

Number of Employees


Location

  • Meiko Electronics Co., Ltd.
  • 5-14-15, Ogami
  • Ayase
  • Kanagawa
  • 252-1104
  • Japan

Listings


Biography

Meiko Electronics Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards (PCBs) and auxiliary electronics in Japan, rest of Asia, North America, Europe, and internationally. Its p...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/20 08:12
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
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.