OTCPK:MEIJ.F

Stock Analysis Report

Meiji Electric IndustriesLtd

Executive Summary

Meiji Electric Industries Co.,Ltd. imports, exports, and sells electrical devices, measuring instruments, electrical equipment, and automation and energy-saving function components and equipment.

Snowflake

Fundamentals

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

Risks

  • Meiji Electric IndustriesLtd is not covered by any analysts.

Share Price & News

How has Meiji Electric IndustriesLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:MEIJ.F

-1.3%

US Trade Distributors

-1.6%

US Market


1 Year Return

n/a

OTCPK:MEIJ.F

-19.0%

US Trade Distributors

-3.0%

US Market

No trading data on MEIJ.F.

No trading data on MEIJ.F.


Share holder returns

MEIJ.FIndustryMarket
7 Day0%-1.3%-1.6%
30 Day0%-8.7%-5.8%
90 Day0%-2.7%0.2%
1 Yearn/a-17.5%-19.0%-0.8%-3.0%
3 Yearn/a21.6%16.3%38.0%29.1%
5 Yearn/a8.5%0.9%50.8%34.1%

Price Volatility Vs. Market

How volatile is Meiji Electric IndustriesLtd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Meiji Electric IndustriesLtd undervalued based on future cash flows and its price relative to the stock market?

5.33x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Meiji Electric IndustriesLtd's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Meiji Electric IndustriesLtd's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Meiji Electric IndustriesLtd is good value based on earnings compared to the US Trade Distributors industry average.

Meiji Electric IndustriesLtd is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Meiji Electric IndustriesLtd, we can't assess if its growth is good value.


Price Based on Value of Assets

Meiji Electric IndustriesLtd is good value based on assets compared to the US Trade Distributors industry average.


Next Steps

Future Growth

How is Meiji Electric IndustriesLtd expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Meiji Electric IndustriesLtd is high growth as no revenue estimate data is available.

Meiji Electric IndustriesLtd's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare Meiji Electric IndustriesLtd's revenue growth to the United States of America market average as no estimate data is available.

Meiji Electric IndustriesLtd's earnings growth is positive but not above the United States of America market average.

Meiji Electric IndustriesLtd's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Meiji Electric IndustriesLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Meiji Electric IndustriesLtd performed over the past 5 years?

20.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Meiji Electric IndustriesLtd has delivered over 20% year on year earnings growth in the past 5 years.

Meiji Electric IndustriesLtd's 1-year earnings growth is less than its 5-year average (15.5% vs 20.8%)

Meiji Electric IndustriesLtd's earnings growth has exceeded the US Trade Distributors industry average in the past year (15.5% vs -5.1%).


Return on Equity

Meiji Electric IndustriesLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Meiji Electric IndustriesLtd used its assets more efficiently than the US Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Meiji Electric IndustriesLtd has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Meiji Electric IndustriesLtd's financial position?


Financial Position Analysis

Meiji Electric IndustriesLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Meiji Electric IndustriesLtd's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Meiji Electric IndustriesLtd's level of debt (4%) 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 4% today).

Debt is well covered by operating cash flow (269.5%, greater than 20% of total debt).

Meiji Electric IndustriesLtd earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 40.9x debt.


Next Steps

Dividend

What is Meiji Electric IndustriesLtd's current dividend yield, its reliability and sustainability?

4.89%

Current Dividend Yield


Dividend Yield and Payments Analysis

Meiji Electric IndustriesLtd's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Meiji Electric IndustriesLtd's dividend is above the markets top 25% of dividend payers in United States of America (3.83%).

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

Dividends paid are well covered by earnings (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.


Next Steps

Management

What is the CEO of Meiji Electric IndustriesLtd's salary, the management and board of directors tenure and is there insider trading?

7.3yrs

Average management tenure


CEO

Masahiro Hayashi (64yo)

7.2yrs

Tenure

0

Mr. Masahiro Hayashi has been the President of Meiji Electric Industries Co., Ltd., since June 2012. Mr. Hayashi served as Manager, Sales, Head Office and Deputy General Manager, Sales Division (In-charge, ...


Management Age and Tenure

7.3yrs

Average Tenure

62.5yo

Average Age

The average tenure for the Meiji Electric IndustriesLtd management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.2yrs

Average Tenure

66yo

Average Age

The tenure for the Meiji Electric IndustriesLtd board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Masahiro Hayashi (64yo)

    President and Representative Director

    • Tenure: 7.2yrs
  • Tsutomu Funahashi (59yo)

    General Manager of Planning Management Division and Director

    • Tenure: 7.2yrs
  • Toshiaki Yoshida (66yo)

    Representative Senior Managing Director and Director

    • Tenure: 0.0yrs
  • Yasuhiro Kusakabe (64yo)

    Managing Executive Officer and General Manager of 1st Sales Division

    • Tenure: 0.0yrs
  • Hideo Ozaki (61yo)

    Managing Executive Officer and General Manager of 2nd Sales Division

    • Tenure: 0.0yrs
  • Shunji Sago (58yo)

    Managing Executive Officer and General Manager of Solution Business Division

    • Tenure: 5.3yrs
  • Yoshiaki Okada

    Executive Officer and President of Meiji Electric Industries (Shanghai) Co Ltd

    • Tenure: 0.0yrs
  • Hiroki Sugiwaki

    Executive Officer and President of Meiji Corporation

    • Tenure: 0.0yrs
  • Kazuaki Ooyabu

    Executive Officer and General Manager of 4th Sales Division

    • Tenure: 0.0yrs
  • Tsutomu Kawachi

    Executive Officer and General Manager of 3rd Sales Division

    • Tenure: 0.0yrs

Board Members

  • Masahiro Hayashi (64yo)

    President and Representative Director

    • Tenure: 7.2yrs
  • Tsutomu Funahashi (59yo)

    General Manager of Planning Management Division and Director

    • Tenure: 7.2yrs
  • Toshiaki Yoshida (66yo)

    Representative Senior Managing Director and Director

    • Tenure: 0.0yrs
  • Shuichi Adachi (59yo)

    Director

    • Tenure: 7.2yrs
  • Ryuichi Narita (67yo)

    External Auditor

    • Tenure: 7.2yrs
  • Nobuhiro Okuno (74yo)

    External Director

    • Tenure: 5.2yrs
  • Hajime Kito (67yo)

    External Director

    • Tenure: 3.2yrs

Company Information

Meiji Electric Industries Co.,Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Meiji Electric Industries Co.,Ltd.
  • Ticker: MEIJ.F
  • Exchange: OTCPK
  • Founded: 1920
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: JP¥15.225b
  • Listing Market Cap: JP¥143.123m
  • Shares outstanding: 11.46m
  • Website: https://www.meijidenki.co.jp

Number of Employees


Location

  • Meiji Electric Industries Co.,Ltd.
  • 2-13-8 Kamejima
  • Nakamura-ku
  • Nagoya
  • Aichi
  • 453-8580
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3388TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYOct 2005
MEIJ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2005

Biography

Meiji Electric Industries Co.,Ltd. imports, exports, and sells electrical devices, measuring instruments, electrical equipment, and automation and energy-saving function components and equipment. It also d ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:16
End of Day Share Price2019/05/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.