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 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
How do Meiko Electronics's earnings and revenue compare to its market cap?
Is 6787 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6
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
Analyst Forecast
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.
The above table shows the n/a ratio for 6787. This is calculated by dividing 6787's market cap by their current
preferred multiple.
What is 6787's n/a Ratio?
n/a Ratio
0x
n/a
n/a
Market Cap
JP¥85.64b
6787 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
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.
6787 PE Ratio vs Fair Ratio.
Fair Ratio
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.
Discover undervalued companies
Future Growth
How is Meiko Electronics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.0%
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%).
Discover growth companies
Past Performance
How has Meiko Electronics performed over the past 5 years?
Past Performance Score
5/6
Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
17.0%
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.
Discover strong past performing companies
Financial Health
How is Meiko Electronics's financial position?
Financial Health Score
4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
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).
Balance Sheet
Discover healthy companies
Dividend
What is Meiko Electronics's current dividend yield, its reliability and sustainability?
Dividend Score
3/6
Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
1.50%
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.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average management tenure
CEO
Yuichiro Naya (79 yo)
16.17yrs
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...
Leadership Team
Experienced Management: 6787's management team is seasoned and experienced (6.4 years average tenure).
Board Members
Experienced Board: 6787's board of directors are considered experienced (3.6 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 employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/08/17 00:00
End of Day Share Price
2022/08/17 00:00
Earnings
2022/06/30
Annual Earnings
2022/03/31
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.