6787 Stock Overview
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.
Meiko Electronics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥3,340.00|
|52 Week High||JP¥4,880.00|
|52 Week Low||JP¥2,474.00|
|1 Month Change||6.37%|
|3 Month Change||-20.19%|
|1 Year Change||28.46%|
|3 Year Change||114.79%|
|5 Year Change||95.67%|
|Change since IPO||480.87%|
Recent News & Updates
|6787||JP Electronic||JP Market|
Return vs Industry: 6787 exceeded the JP Electronic industry which returned -3.3% over the past year.
Return vs Market: 6787 exceeded the JP Market which returned 1.9% over the past year.
|6787 Average Weekly Movement||6.4%|
|Electronic Industry Average Movement||4.0%|
|Market Average Movement||3.8%|
|10% most volatile stocks in JP Market||7.8%|
|10% least volatile stocks in JP Market||2.0%|
Stable Share Price: 6787 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 6787's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.
About the Company
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 principal products include double-sided/multi-layer through-hole PCBs, HDI PCBs, flexible PCBs, flex-rigid PCBs, high electric current PCBs, heat dissipation PCBs, embedded devices PCBs, solder stencils, PCB testers, and imaging devices and systems. The company also provides circuit design and electronic manufacturing services.
Meiko Electronics Fundamentals Summary
|6787 fundamental statistics|
Is 6787 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6787 income statement (TTM)|
|Cost of Revenue||JP¥129.41b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||530.10|
|Net Profit Margin||8.60%|
How did 6787 perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Does 6787 pay a reliable dividends?See 6787 dividend history and benchmarks
|Meiko Electronics dividend dates|
|Ex Dividend Date||Sep 29 2022|
|Dividend Pay Date||Nov 30 2022|
|Days until Ex dividend||42 days|
|Days until Dividend pay date||104 days|
Does 6787 pay a reliable dividends?See 6787 dividend history and benchmarks
Is 6787 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 6787?
Other financial metrics that can be useful for relative valuation.
|What is 6787's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 6787's PE Ratio compare to its peers?
|6787 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
6908 Iriso Electronics
6787 Meiko Electronics
Price-To-Earnings vs Peers: 6787 is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (12.6x).
Price to Earnings Ratio vs Industry
How does 6787's PE Ratio compare vs other companies in the JP Electronic Industry?
Price-To-Earnings vs Industry: 6787 is good value based on its Price-To-Earnings Ratio (6.3x) compared to the JP Electronic industry average (11.7x)
Price to Earnings Ratio vs Fair Ratio
What is 6787's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.3x|
|Fair PE Ratio||14.9x|
Price-To-Earnings vs Fair Ratio: 6787 is good value based on its Price-To-Earnings Ratio (6.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).
Share Price vs Fair Value
What is the Fair Price of 6787 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 6787 (¥3340) is trading below our estimate of fair value (¥7101.06)
Significantly Below Fair Value: 6787 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Meiko Electronics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6787's forecast earnings growth (9% per year) is above the savings rate (0.04%).
Earnings vs Market: 6787's earnings (9% per year) are forecast to grow faster than the JP market (8.6% per year).
High Growth Earnings: 6787's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6787's revenue (10.4% per year) is forecast to grow faster than the JP market (4.3% per year).
High Growth Revenue: 6787's revenue (10.4% 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%).
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How has Meiko Electronics performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6787 has high quality earnings.
Growing Profit Margin: 6787's current net profit margins (8.6%) are higher than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: 6787's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: 6787's earnings growth over the past year (108.3%) exceeds its 5-year average (17% per year).
Earnings vs Industry: 6787 earnings growth over the past year (108.3%) exceeded the Electronic industry 28.2%.
Return on Equity
High ROE: 6787's Return on Equity (19.6%) is considered low.
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How is Meiko Electronics's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 6787's short term assets (¥93.0B) exceed its short term liabilities (¥81.3B).
Long Term Liabilities: 6787's short term assets (¥93.0B) exceed its long term liabilities (¥39.6B).
Debt to Equity History and Analysis
Debt Level: 6787's net debt to equity ratio (91.8%) is considered high.
Reducing Debt: 6787's debt to equity ratio has reduced from 151.4% to 114.4% over the past 5 years.
Debt Coverage: 6787's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: 6787's interest payments on its debt are well covered by EBIT (22.7x coverage).
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What is Meiko Electronics's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 6787's dividend (1.5%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.62%).
High Dividend: 6787's dividend (1.5%) is low compared to the top 25% of dividend payers in the JP market (3.61%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (8.5%), 6787's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (64%), 6787's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yuichiro Naya (79 yo)
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...
Experienced Management: 6787's management team is seasoned and experienced (6.4 years average tenure).
Experienced Board: 6787's board of directors are considered experienced (3.6 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.
Meiko Electronics Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Meiko Electronics Co., Ltd.
- Ticker: 6787
- Exchange: TSE
- Founded: 1975
- Industry: Electronic Components
- Sector: Tech
- Implied Market Cap: JP¥85.640b
- Shares outstanding: 25.64m
- Website: https://www.meiko-elec.com
Number of Employees
- Meiko Electronics Co., Ltd.
- 5-14-15, Ogami
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/17 00:00|
|End of Day Share Price||2022/08/17 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.