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Micro-Mechanics (Holdings)

SGX:5DD
Snowflake Description

Excellent balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5DD
SGX
SGD232M
Market Cap
  1. Home
  2. SG
  3. Semiconductors
Company description

Micro-Mechanics (Holdings) Ltd. designs, manufactures, and markets high precision parts and tools for use in aerospace, semiconductor, laser, medical, and other high technology industries. The last earnings update was 87 days ago. More info.


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5DD Share Price and Events
7 Day Returns
0.6%
SGX:5DD
1.4%
SG Semiconductor
0.6%
SG Market
1 Year Returns
-14.4%
SGX:5DD
-33.6%
SG Semiconductor
-6.1%
SG Market
5DD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Micro-Mechanics (Holdings) (5DD) 0.6% -1.8% -1.2% -14.4% 108.8% 187.9%
SG Semiconductor 1.4% -8.8% 4.1% -33.6% 74.1% 82%
SG Market 0.6% 3.2% 4.6% -6.1% 10% -2.2%
1 Year Return vs Industry and Market
  • 5DD outperformed the Semiconductor industry which returned -33.6% over the past year.
  • 5DD underperformed the Market in Singapore which returned -6.1% over the past year.
Price Volatility
5DD
Industry
5yr Volatility vs Market

Value

 Is Micro-Mechanics (Holdings) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Micro-Mechanics (Holdings) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Micro-Mechanics (Holdings).

SGX:5DD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:5DD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.138 (1 + (1- 17%) (0.81%))
1.098
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.098 * 5.96%)
8.84%

Discounted Cash Flow Calculation for SGX:5DD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Micro-Mechanics (Holdings) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:5DD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 8.84%)
2019 12.00 Est @ -3.83% 11.03
2020 11.76 Est @ -1.99% 9.93
2021 11.68 Est @ -0.7% 9.06
2022 11.70 Est @ 0.2% 8.34
2023 11.80 Est @ 0.83% 7.72
2024 11.95 Est @ 1.27% 7.19
2025 12.14 Est @ 1.58% 6.71
2026 12.36 Est @ 1.8% 6.27
2027 12.60 Est @ 1.95% 5.88
2028 12.86 Est @ 2.06% 5.51
Present value of next 10 years cash flows SGD77.62
SGX:5DD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD12.86 × (1 + 2.3%) ÷ (8.84% – 2.3%)
SGD201.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD201.07 ÷ (1 + 8.84%)10
SGD86.16
SGX:5DD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD77.62 + SGD86.16
SGD163.78
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD163.78 / 139.03
SGD1.18
SGX:5DD Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD1.18
Current discount Discount to share price of SGD1.67
= -1 x (SGD1.67 - SGD1.18) / SGD1.18
-41.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Micro-Mechanics (Holdings) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Micro-Mechanics (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Micro-Mechanics (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:5DD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.11
SGX:5DD Share Price ** SGX (2019-04-23) in SGD SGD1.67
Singapore Semiconductor Industry PE Ratio Median Figure of 8 Publicly-Listed Semiconductor Companies 14.91x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Micro-Mechanics (Holdings).

SGX:5DD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:5DD Share Price ÷ EPS (both in SGD)

= 1.67 ÷ 0.11

14.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Micro-Mechanics (Holdings) is good value based on earnings compared to the SG Semiconductor industry average.
  • Micro-Mechanics (Holdings) is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Micro-Mechanics (Holdings)'s expected growth come at a high price?
Raw Data
SGX:5DD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
7.8%per year
Asia Semiconductor Industry PEG Ratio Median Figure of 9 Publicly-Listed Semiconductor Companies 1.05x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

SGX:5DD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.79x ÷ 7.8%

1.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Micro-Mechanics (Holdings) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Micro-Mechanics (Holdings)'s assets?
Raw Data
SGX:5DD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.42
SGX:5DD Share Price * SGX (2019-04-23) in SGD SGD1.67
Singapore Semiconductor Industry PB Ratio Median Figure of 10 Publicly-Listed Semiconductor Companies 0.83x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:5DD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:5DD Share Price ÷ Book Value per Share (both in SGD)

= 1.67 ÷ 0.42

3.94x

* Primary Listing of Micro-Mechanics (Holdings).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Micro-Mechanics (Holdings) is overvalued based on assets compared to the SG Semiconductor industry average.
X
Value checks
We assess Micro-Mechanics (Holdings)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Micro-Mechanics (Holdings) has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Micro-Mechanics (Holdings) expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Micro-Mechanics (Holdings) expected to grow at an attractive rate?
  • Micro-Mechanics (Holdings)'s earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Micro-Mechanics (Holdings)'s earnings growth is expected to exceed the Singapore market average.
  • Micro-Mechanics (Holdings)'s revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:5DD Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:5DD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 7.8%
SGX:5DD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.1%
Singapore Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Asia Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 9.5%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:5DD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:5DD Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30 68 22 18 1
2019-06-30 64 25 16 1
SGX:5DD Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 64 20 16
2018-09-30 64 22 16
2018-06-30 65 22 17
2018-03-31 65 24 18
2017-12-31 63 21 17
2017-09-30 62 18 17
2017-06-30 57 18 15
2017-03-31 55 16 13
2016-12-31 53 18 12
2016-09-30 51 16 12
2016-06-30 51 16 12
2016-03-31 51 15 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Micro-Mechanics (Holdings)'s earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
  • Micro-Mechanics (Holdings)'s revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:5DD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Micro-Mechanics (Holdings) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:5DD Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30 0.13 0.13 0.13 1.00
2019-06-30 0.11 0.11 0.11 1.00
SGX:5DD Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.11
2018-09-30 0.12
2018-06-30 0.12
2018-03-31 0.13
2017-12-31 0.12
2017-09-30 0.12
2017-06-30 0.11
2017-03-31 0.09
2016-12-31 0.09
2016-09-30 0.08
2016-06-30 0.09
2016-03-31 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Micro-Mechanics (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Micro-Mechanics (Holdings)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Micro-Mechanics (Holdings) has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Micro-Mechanics (Holdings) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Micro-Mechanics (Holdings)'s growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Micro-Mechanics (Holdings)'s year on year earnings growth rate has been positive over the past 5 years.
  • Micro-Mechanics (Holdings)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Micro-Mechanics (Holdings)'s 1-year earnings growth is negative, it can't be compared to the SG Semiconductor industry average.
Earnings and Revenue History
Micro-Mechanics (Holdings)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Micro-Mechanics (Holdings) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:5DD Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 63.80 15.70 12.48
2018-09-30 64.29 16.48 12.47
2018-06-30 65.10 17.14 12.49
2018-03-31 64.87 17.74 12.68
2017-12-31 63.03 17.09 12.47
2017-09-30 61.57 16.55 12.42
2017-06-30 57.23 14.76 11.74
2017-03-31 54.71 13.04 11.55
2016-12-31 53.00 12.31 11.27
2016-09-30 51.01 11.67 10.72
2016-06-30 51.25 11.88 10.93
2016-03-31 51.19 11.88 11.16
2015-12-31 52.06 12.87 11.31
2015-09-30 52.76 12.82 11.79
2015-06-30 52.20 12.02 11.86
2015-03-31 50.99 11.61 11.37
2014-12-31 48.23 9.69 11.37
2014-09-30 45.81 8.38 11.05
2014-06-30 43.86 7.74 10.81
2014-03-31 42.96 6.85 10.96
2013-12-31 41.54 6.49 10.69
2013-09-30 40.34 6.11 10.53
2013-06-30 39.15 5.12 10.49
2013-03-31 38.73 4.95 10.45
2012-12-31 38.88 4.39 10.50
2012-09-30 38.32 4.15 10.43
2012-06-30 38.79 4.22 10.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Micro-Mechanics (Holdings) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Micro-Mechanics (Holdings) used its assets more efficiently than the SG Semiconductor industry average last year based on Return on Assets.
  • Micro-Mechanics (Holdings) has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Micro-Mechanics (Holdings)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Micro-Mechanics (Holdings) has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Micro-Mechanics (Holdings)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Micro-Mechanics (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Micro-Mechanics (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Micro-Mechanics (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Micro-Mechanics (Holdings)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 19.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Micro-Mechanics (Holdings) Company Filings, last reported 3 months ago.

SGX:5DD Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 58.92 1.87 20.36
2018-09-30 64.20 2.13 23.91
2018-06-30 60.30 2.21 21.43
2018-03-31 56.09 1.10 18.85
2017-12-31 57.18 1.20 22.39
2017-09-30 60.00 1.40 25.39
2017-06-30 54.77 0.00 23.76
2017-03-31 50.11 0.00 19.37
2016-12-31 51.39 0.00 20.99
2016-09-30 53.49 0.00 23.65
2016-06-30 50.24 0.00 20.36
2016-03-31 47.88 0.00 17.06
2015-12-31 48.00 0.00 16.64
2015-09-30 49.25 0.00 17.95
2015-06-30 46.89 0.00 15.46
2015-03-31 44.72 0.00 14.07
2014-12-31 43.79 0.00 13.46
2014-09-30 43.97 0.00 13.46
2014-06-30 41.11 0.00 11.37
2014-03-31 38.61 0.00 10.11
2013-12-31 38.29 0.00 10.04
2013-09-30 39.65 0.00 11.23
2013-06-30 37.94 0.00 9.43
2013-03-31 36.47 0.00 7.45
2012-12-31 36.23 0.00 7.11
2012-09-30 37.97 0.00 8.03
2012-06-30 36.98 0.00 6.22
  • Micro-Mechanics (Holdings)'s level of debt (3.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 3.2% today).
  • Debt is well covered by operating cash flow (1078.1%, greater than 20% of total debt).
  • Micro-Mechanics (Holdings) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Micro-Mechanics (Holdings)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Micro-Mechanics (Holdings) has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Micro-Mechanics (Holdings)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.99%
Current annual income from Micro-Mechanics (Holdings) dividends. Estimated to be 6.29% next year.
If you bought SGD2,000 of Micro-Mechanics (Holdings) shares you are expected to receive SGD120 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Micro-Mechanics (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Micro-Mechanics (Holdings)'s dividend is above the markets top 25% of dividend payers in Singapore (5.47%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:5DD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Singapore Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.6%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:5DD Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2020-06-30 0.11 1.00
2019-06-30 0.10 1.00
SGX:5DD Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-01-28 0.100 5.952
2018-11-21 0.110 6.632
2018-04-30 0.090 5.012
2018-01-29 0.090 4.313
2017-09-28 0.090 4.425
2017-08-28 0.090 5.788
2017-04-28 0.070 5.577
2017-02-06 0.070 6.803
2016-09-28 0.070 8.117
2015-09-29 0.030 3.756
2015-08-31 0.030 4.213
2014-11-18 0.030 4.383
2014-02-05 0.030 5.235
2013-08-29 0.030 5.824
2012-10-12 0.030 6.694
2012-08-31 0.030 7.201
2012-01-31 0.030 7.330
2011-10-28 0.030 6.984
2011-01-31 0.030 6.499
2010-10-26 0.040 8.843
2010-05-03 0.020 4.648
2010-03-31 0.020 4.742
2010-02-03 0.020 4.854
2009-10-15 0.020 5.068
2009-08-31 0.020 5.083
2009-04-24 0.050 17.291

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Micro-Mechanics (Holdings)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Micro-Mechanics (Holdings)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Micro-Mechanics (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Micro-Mechanics (Holdings) has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Micro-Mechanics (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Borch
CEO Bio

Mr. Christopher R. Borch, also known as Chris, founded Micro-Mechanics Holdings Ltd. in 1983 and serves as its Chief Executive Officer. Mr. Borch served as the President of Micro-Mechanics Holdings Ltd. He has nearly 30 years of engineering, manufacturing and management experience in the semiconductor industry, including 17 years living and working in Asia. Mr. Borch held positions with several leading makers of automatic assembly equipment including Kulicke & Soffa, Inc. Mr. Borch serves as a Director of the United States Track and Field Federation Foundation, the national governing body for athletics in the U.S. He served as the Chairman of the Board of Micro-Mechanics Holdings Ltd. until August 28, 2010 and has been its Executive Director. He holds an undergraduate degree from Furman University and an MBA from The Wharton School at the University of Pennsylvania.

CEO Compensation
  • Insufficient data for Chris to compare compensation growth.
  • Insufficient data for Chris to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team

Chris Borch

TITLE
Founder

Ming Wah Low

TITLE
President

Kam Wing Chow

TITLE
CFO, Company Secretary & Executive Director
AGE
59

Beng Lim Tan

TITLE
General Manager of Micro-Mechanics Technology Sdn. Bhd. Malaysia
Board of Directors Tenure

Average tenure and age of the Micro-Mechanics (Holdings) board of directors in years:

12.9
Average Tenure
59
Average Age
  • The average tenure for the Micro-Mechanics (Holdings) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rabia Menon

TITLE
Independent Non-Executive Chairman
COMPENSATION
SGD66K
TENURE
8.7 yrs

Chris Borch

TITLE
Founder
TENURE
22.8 yrs

Ming Wah Low

TITLE
President
TENURE
22.8 yrs

Kam Wing Chow

TITLE
CFO, Company Secretary & Executive Director
AGE
59
TENURE
16.3 yrs

Girija Prasad Pande

TITLE
Independent Director
COMPENSATION
SGD46K
AGE
68
TENURE
9.6 yrs

Chin Yee Lai

TITLE
Independent Director
COMPENSATION
SGD58K
AGE
52
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess Micro-Mechanics (Holdings)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Micro-Mechanics (Holdings) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Despite Its High P/E Ratio, Is Micro-Mechanics (Holdings) Ltd. (SGX:5DD) Still Undervalued?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to Micro-Mechanics (Holdings) Ltd.'s (SGX:5DD), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Micro-Mechanics (Holdings) Ltd.’s (SGX:5DD) 31% ROCE Any Good?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What To Know Before Buying Micro-Mechanics (Holdings) Ltd. (SGX:5DD) For Its Dividend

Historically, Micro-Mechanics (Holdings) Ltd. … Does Micro-Mechanics (Holdings) tick all the boxes of a great dividend stock? … Check out our latest analysis for Micro-Mechanics (Holdings)

Simply Wall St -

The Micro-Mechanics (Holdings) Share Price Has Gained 191%, So Why Not Pay It Some Attention?

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … During five years of share price growth, Micro-Mechanics (Holdings) achieved compound earnings per share (EPS) growth of 25% per year. … This EPS growth is reasonably close to the 24% average annual increase in the share price.

Simply Wall St -

Why Micro-Mechanics (Holdings) Ltd. (SGX:5DD) Looks Like A Quality Company

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Micro-Mechanics (Holdings) has a return on equity of 27% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do Institutions Own Micro-Mechanics (Holdings) Ltd. (SGX:5DD) Shares?

Generally speaking, as a company grows, institutions will increase their ownership. … Micro-Mechanics (Holdings) is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Should You Be Tempted To Sell Micro-Mechanics (Holdings) Ltd. (SGX:5DD) Because Of Its P/E Ratio?

We'll show how you can use Micro-Mechanics (Holdings) Ltd.'s (SGX:5DD) P/E ratio to inform your assessment of the investment opportunity. … Micro-Mechanics (Holdings) has a P/E ratio of 14.17, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Why Micro-Mechanics (Holdings) Ltd. (SGX:5DD) Could Be Your Next Investment

Attractive stocks have exceptional fundamentals. … In the case of Micro-Mechanics (Holdings) Ltd. … (SGX:5DD), there's

Simply Wall St -

How Has Micro-Mechanics (Holdings) Ltd's (SGX:5DD) Performed Against The Industry?

Examining Micro-Mechanics (Holdings) Ltd's (SGX:5DD) past track record of performance is a useful exercise for investors. … Below, I will assess 5DD's latest performance announced on 30 September 2018 and weight these figures against its longer term trend and industry movements. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 18%, indicating the rate at which 5DD is growing has slowed down

Simply Wall St -

Micro-Mechanics (Holdings) Ltd (SGX:5DD): What Are Investors Earning On Their Capital?

and want to better understand how you can grow your money by investing in Micro-Mechanics (Holdings) Ltd (SGX:5DD). … Thus, to understand how your money can grow by investing in Micro-Mechanics (Holdings), you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Micro-Mechanics (Holdings)'s Return On Capital Employed

Simply Wall St -

Company Info

Description

Micro-Mechanics (Holdings) Ltd. designs, manufactures, and markets high precision parts and tools for use in aerospace, semiconductor, laser, medical, and other high technology industries. The company operates in five segments: Singapore, Malaysia, The Philippines, USA, and China. It offers die attach - pick-up products, such as rubber tips, high-temp plastic tools, tungsten carbide tools, sensor assemblies, and vacuum wand tools; die attach - dispensing products, including dispense nozzle adaptors, dispense nozzles, pen dispense assemblies, writing pen nozzle tips, and epoxy stamping tools; and die attach - die ejection products comprising ejector needles, needle holders/pepper pots, and needle holder seals. The company also provides thermosonic bonding products that include clamps and electronic flame off products; ultrasonic bonding products comprising clamps, bearing base assemblies, anvils, and wire cutters; and encapsulation products consisting of BGA dispensing nozzles, dispensing manifolds, pump screws, and O-rings. In addition, it manufactures precision parts and assemblies on a contract basis for OEMs. The company was founded in 1983 and is based in Singapore.

Details
Name: Micro-Mechanics (Holdings) Ltd.
5DD
Exchange: SGX
Founded: 1983
SGD232,183,241
139,031,881
Website: http://www.micro-mechanics.com
Address: Micro-Mechanics (Holdings) Ltd.
No. 31 Kaki Bukit Place,
Eunos Techpark,
Singapore,
416209,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 5DD Ordinary Shares Singapore Exchange SG SGD 26. Jun 2003
OTCPK MCRN.F Ordinary Shares Pink Sheets LLC US USD 26. Jun 2003
Number of employees
Current staff
Staff numbers
497
Micro-Mechanics (Holdings) employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:41
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/01/30
Last earnings filing: 2019/01/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.