OTCPK:MRCH.F

Stock Analysis Report

Executive Summary

Miraca Holdings Inc., through its subsidiaries, primarily provides clinical laboratory testing services in Japan.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.

Share Price & News

How has Miraca Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:MRCH.F

1.3%

US Healthcare

1.2%

US Market


1 Year Return

n/a

OTCPK:MRCH.F

-8.2%

US Healthcare

1.7%

US Market

No trading data on MRCH.F.

No trading data on MRCH.F.


Share holder returns

MRCH.FIndustryMarket
7 Day0%1.3%1.2%
30 Day0%-0.7%4.9%
90 Day0%0.01%3.7%
1 Yearn/a-6.8%-8.2%3.9%1.7%
3 Yearn/a30.1%24.9%47.2%37.7%
5 Yearn/a63.5%53.8%60.0%42.4%

Price Volatility Vs. Market

How volatile is Miraca Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Miraca Holdings undervalued based on future cash flows and its price relative to the stock market?

20%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Miraca Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

Miraca Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Miraca Holdings is overvalued based on earnings compared to the US Healthcare industry average.

Miraca Holdings is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Miraca Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

Miraca Holdings is good value based on assets compared to the US Healthcare industry average.


Next Steps

Future Growth

How is Miraca Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Miraca Holdings's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).

Miraca Holdings's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).

Miraca Holdings's revenue growth is positive but not above the United States of America market average.

Miraca Holdings's earnings growth is positive but not above the United States of America market average.

Miraca Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Miraca Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Miraca Holdings performed over the past 5 years?

-37.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Miraca Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Miraca Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Miraca Holdings's 1-year earnings growth is negative, it can't be compared to the US Healthcare industry average.


Return on Equity

Miraca Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Miraca Holdings used its assets less efficiently than the US Healthcare industry average last year based on Return on Assets.


Return on Capital Employed

Miraca Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Miraca Holdings's financial position?


Financial Position Analysis

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

Miraca Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Miraca Holdings's level of debt (42.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (14.3% vs 42.6% today).

Debt is well covered by operating cash flow (23.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 180.1x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.9x debt.


Next Steps

Dividend

What is Miraca Holdings's current dividend yield, its reliability and sustainability?

4.69%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Miraca Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).

Miraca Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.1x 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 Miraca Holdings's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Shigekazu Takeuchi (65yo)

0.9yrs

Tenure

0

Mr. Shigekazu Takeuchi serves as Chief Executive Officer and President at Miraca Holdings Inc. since June 2018. Shigekazu Takeuchi served as an Executive Vice President at Miraca Holdings Inc. since June 2 ...


Management Age and Tenure

2.3yrs

Average Tenure

60yo

Average Age

The tenure for the Miraca Holdings management team is about average.


Board Age and Tenure

0.9yrs

Average Tenure

65yo

Average Age

The average tenure for the Miraca Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Hiromitsu Tazawa (63yo)

    Executive Officer of External Relations

    • Tenure: 2.3yrs
  • Hiroaki Kimura (57yo)

    Executive Officer of Public Relations

    • Tenure: 2.3yrs
  • Shigeto Ohtsuki

    Executive Officer of Human Resources & CSR

    • Tenure: 2.3yrs
  • Nahki Kitamura (48yo)

    CFO, Director and Executive Officer of IR / SR & Legal Affairs

    • Tenure: 0.9yrs
  • Masao Hasegawa

    Executive officer and planning & administration manager

    • Tenure: 0.9yrs
  • Takaaki Hata

    Executive Officer of Corporate Strategy and Internal Audit

    • Tenure: 2.9yrs
  • Shigekazu Takeuchi (65yo)

    President

    • Tenure: 0.9yrs
  • Goki Ishikawa

    Executive Vice President

    • Tenure: 0yrs

Board Members

  • Miyuki Ishiguro (54yo)

    Outside Director

    • Tenure: 0yrs
  • Shigehiro Aoyama (71yo)

    Outside Director

    • Tenure: 0.9yrs
  • Toyoki Masada

    Statutory Auditor

    • Tenure: 0yrs
  • Nahki Kitamura (48yo)

    CFO, Director and Executive Officer of IR / SR & Legal Affairs

    • Tenure: 0.9yrs
  • Ryoji Itoh (66yo)

    Outside Director

    • Tenure: 0.9yrs
  • Shigekazu Takeuchi (65yo)

    President

    • Tenure: 0.9yrs
  • Amano Futomichi (65yo)

    Outside Director

    • Tenure: 0.9yrs
  • Susumu Yamauchi (69yo)

    Outside Director

    • Tenure: 0.9yrs

Company Information

Miraca Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Miraca Holdings Inc.
  • Ticker: MRCH.F
  • Exchange: OTCPK
  • Founded: 1950
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: JP¥161.934b
  • Listing Market Cap: JP¥1.456b
  • Shares outstanding: 56.96m
  • Website: https://www.miraca.com

Number of Employees


Location

  • Miraca Holdings Inc.
  • Shinjuku Mitsui Building
  • 8th Floor
  • Tokyo
  • 163-0408
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
4544TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
MRCH.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

Miraca Holdings Inc., through its subsidiaries, primarily provides clinical laboratory testing services in Japan. Its clinical laboratory testing services include collecting consigned specimens of patients ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/05/06 01:35
End of Day Share Price2019/02/05 00:00
Earnings2018/12/31
Annual Earnings2018/03/31


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.