OTCPK:MCRN.F

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Risks

  • Micro-Mechanics (Holdings) is covered by less than 3 analysts.

Share Price & News

How has Micro-Mechanics (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:MCRN.F

0.4%

US Semiconductor

0.8%

US Market


1 Year Return

-25.4%

OTCPK:MCRN.F

10.7%

US Semiconductor

1.9%

US Market

MCRN.F underperformed the Semiconductor industry which returned 11.3% over the past year.

MCRN.F underperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

MCRN.FIndustryMarket
7 Day0%0.4%0.8%
30 Day0%7.8%3.4%
90 Dayn/a12.6%2.1%
1 Year-25.4%-25.4%12.7%10.7%4.2%1.9%
3 Year66.7%66.7%84.2%73.5%46.7%37.2%
5 Yearn/a124.2%101.4%62.3%44.5%

Price Volatility Vs. Market

How volatile is Micro-Mechanics (Holdings)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

17.39x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Micro-Mechanics (Holdings)'s share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Micro-Mechanics (Holdings)'s share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Micro-Mechanics (Holdings) is good value based on earnings compared to the US Semiconductor industry average.

Micro-Mechanics (Holdings) is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Micro-Mechanics (Holdings) is poor value based on expected growth next year.


Price Based on Value of Assets

Micro-Mechanics (Holdings) is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

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

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Micro-Mechanics (Holdings)'s revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).

Micro-Mechanics (Holdings)'s earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).

Micro-Mechanics (Holdings)'s revenue growth is positive but not above the United States of America market average.

Micro-Mechanics (Holdings)'s earnings growth is positive but not above the United States of America market average.

Micro-Mechanics (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

Micro-Mechanics (Holdings) is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

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

11.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 US Semiconductor industry average.


Return on Equity

Micro-Mechanics (Holdings) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Micro-Mechanics (Holdings) used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

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


Next Steps

Financial Health

How is Micro-Mechanics (Holdings)'s financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Micro-Mechanics (Holdings) has no debt.

Micro-Mechanics (Holdings) has not taken on any debt in the past 5 years.

Micro-Mechanics (Holdings) has no debt, it does not need to be covered by operating cash flow.

Micro-Mechanics (Holdings) has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Micro-Mechanics (Holdings) has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

6.79%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Micro-Mechanics (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

Micro-Mechanics (Holdings)'s dividend is above the markets top 25% of dividend payers in United States of America (3.67%).

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 not well covered by earnings (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 Micro-Mechanics (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

10.0yrs

Average board tenure


CEO

Chris Borch 0

0yrs

Tenure

0

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 ...


Board Age and Tenure

10.0yrs

Average Tenure

56.5yo

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.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Kam Wing Chow (60yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 16.7yrs
  • Beng Lim Tan

    General Manager of Micro-Mechanics Technology Sdn. Bhd. Malaysia

    • Tenure: 0yrs
  • Ming Wah Low

    President

    • Tenure: 23.3yrs
  • Chris Borch

    Founder

    • Tenure: 0yrs

Board Members

  • Girija Prasad Pande (69yo)

    Independent Director

    • Tenure: 10yrs
    • Compensation: S$46.00k
  • Kam Wing Chow (60yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 16.7yrs
  • Chin Yee Lai (53yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: S$58.00k
  • Rabia Menon

    Independent Non-Executive Chairman

    • Tenure: 9.1yrs
    • Compensation: S$66.00k
  • Ming Wah Low

    President

    • Tenure: 23.3yrs
  • Chris Borch

    Founder

    • Tenure: 0yrs
  • Kenny Kwan (49yo)

    Independent Director

    • Tenure: 0.7yrs

Company Information

Micro-Mechanics (Holdings) Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Micro-Mechanics (Holdings) Ltd.
  • Ticker: MCRN.F
  • Exchange: OTCPK
  • Founded: 1983
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: S$225.232m
  • Listing Market Cap: S$163.820m
  • Shares outstanding: 139.03m
  • Website: https://www.micro-mechanics.com

Number of Employees


Location

  • Micro-Mechanics (Holdings) Ltd.
  • No. 31 Kaki Bukit Place
  • Eunos Techpark
  • Singapore
  • 416209
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5DDSGX (Singapore Exchange)YesOrdinary SharesSGSGDJun 2003
MCRN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2003

Biography

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 oper ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 00:35
End of Day Share Price2019/07/08 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.