Mi Technovation Berhad, an investment holding company, designs, develops, manufactures, and sells wafer level chip scale packaging (WLCSP) sorting machines for the semiconductor industry in Southeast Asia, Northeast Asia, and North Atlantic.
Price History & Performance
|Historical stock prices|
|Current Share Price||RM3.83|
|52 Week High||RM2.99|
|52 Week Low||RM5.52|
|1 Month Change||-3.04%|
|3 Month Change||2.41%|
|1 Year Change||-5.67%|
|3 Year Change||136.42%|
|5 Year Change||n/a|
|Change since IPO||273.05%|
Recent News & Updates
What Is Mi Technovation Berhad's (KLSE:MI) Share Price Doing?
Mi Technovation Berhad ( KLSE:MI ), is not the largest company out there, but it saw significant share price movement...
Is Mi Technovation Berhad (KLSE:MI) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|MI||MY Semiconductor||MY Market|
Return vs Industry: MI underperformed the MY Semiconductor industry which returned 75.6% over the past year.
Return vs Market: MI underperformed the MY Market which returned 10% over the past year.
Stable Share Price: MI is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MI's weekly volatility (4%) has been stable over the past year.
About the Company
Mi Technovation Berhad, an investment holding company, designs, develops, manufactures, and sells wafer level chip scale packaging (WLCSP) sorting machines for the semiconductor industry in Southeast Asia, Northeast Asia, and North Atlantic. The company operates through Semiconductor Equipment Business Unit and Automation and Robotics Business Unit segments. Its primary product is the Mi series WLCSP die sorting machine used for die sorting from wafer to carrier tape for bare die, bump/flip chips, and WLCSP.
Mi Technovation Berhad Fundamentals Summary
|MI fundamental statistics|
Is MI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MI income statement (TTM)|
|Cost of Revenue||RM194.90m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.062|
|Net Profit Margin||18.18%|
How did MI perform over the long term?See historical performance and comparison
Is Mi Technovation Berhad undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MI (MYR3.83) is trading below our estimate of fair value (MYR6.52)
Significantly Below Fair Value: MI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MI is poor value based on its PE Ratio (62.2x) compared to the MY Semiconductor industry average (61.9x).
PE vs Market: MI is poor value based on its PE Ratio (62.2x) compared to the MY market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: MI is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: MI is good value based on its PB Ratio (4.7x) compared to the MY Semiconductor industry average (5.1x).
How is Mi Technovation Berhad forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MI's forecast earnings growth (34.8% per year) is above the savings rate (3.6%).
Earnings vs Market: MI's earnings (34.8% per year) are forecast to grow faster than the MY market (10.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MI's revenue (27.1% per year) is forecast to grow faster than the MY market (6.3% per year).
High Growth Revenue: MI's revenue (27.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MI's Return on Equity is forecast to be low in 3 years time (17.5%).
How has Mi Technovation Berhad performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MI has high quality earnings.
Growing Profit Margin: MI's current net profit margins (18.2%) are lower than last year (29.8%).
Past Earnings Growth Analysis
Earnings Trend: MI's earnings have grown by 11.9% per year over the past 5 years.
Accelerating Growth: MI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MI had negative earnings growth (-13%) over the past year, making it difficult to compare to the Semiconductor industry average (89%).
Return on Equity
High ROE: MI's Return on Equity (7.5%) is considered low.
How is Mi Technovation Berhad's financial position?
Financial Position Analysis
Short Term Liabilities: MI's short term assets (MYR423.6M) exceed its short term liabilities (MYR98.3M).
Long Term Liabilities: MI's short term assets (MYR423.6M) exceed its long term liabilities (MYR85.8M).
Debt to Equity History and Analysis
Debt Level: MI's debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: MI's debt to equity ratio has increased from 13.2% to 15.4% over the past 5 years.
Debt Coverage: MI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MI's interest payments on its debt are well covered by EBIT (90.3x coverage).
What is Mi Technovation Berhad current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MI is not paying a notable dividend for the MY market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MI's dividend in 3 years as they are not forecast to pay a notable one for the MY market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kuang Oh (51 yo)
Mr. Kuang Eng Oh has been Group CEO of Mi Equipment Holdings Berhad (Now known as Mi Technovation Berhad) since 2017 and also serves as its Executive Director. He also heads Mi Equipment Holdings Berhad's...
Experienced Management: MI's management team is considered experienced (2.8 years average tenure).
Experienced Board: MI's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 20.1%.
Mi Technovation Berhad's employee growth, exchange listings and data sources
- Name: Mi Technovation Berhad
- Ticker: MI
- Exchange: KLSE
- Founded: 2007
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: RM3.396b
- Shares outstanding: 896.00m
- Website: https://www.mi-eq.com
Number of Employees
- Mi Technovation Berhad
- No. 20, Medan Bayan Lepas Technoplex
- MK 12, Taman Perindustrian
- Bayan Lepas
- Pulau Pinang
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 11:05|
|End of Day Share Price||2021/10/27 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.