OTCPK:MCRN.F

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Executive Summary

Micro-Mechanics (Holdings) Ltd. designs, manufactures, and markets high precision parts and tools used in applications for the wafer-fabrication and assembly processes of the semiconductor industry. More Details


Snowflake Analysis

Outstanding track record with flawless balance sheet.

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

Stable Share Price: MCRN.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

n/a

MCRN.F

-0.4%

US Semiconductor

-1.9%

US Market


1 Year Return

n/a

MCRN.F

37.6%

US Semiconductor

13.1%

US Market

Return vs Industry: Insufficient data to determine how MCRN.F performed against the US Semiconductor industry.

Return vs Market: Insufficient data to determine how MCRN.F performed against the US Market.


Shareholder returns

MCRN.FIndustryMarket
7 Dayn/a-0.4%-1.9%
30 Dayn/a-1.3%-2.9%
90 Dayn/a10.8%8.2%
1 Yearn/a40.2%37.6%15.7%13.1%
3 Year-23.9%-23.9%83.8%74.2%38.4%29.1%
5 Yearn/a241.6%208.0%89.3%68.0%

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 compared to its fair value and its price relative to the market?

21.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MCRN.F ($0.7) is trading above our estimate of fair value ($0.51)

Significantly Below Fair Value: MCRN.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MCRN.F is good value based on its PE Ratio (21.4x) compared to the US Semiconductor industry average (34.1x).

PE vs Market: MCRN.F is poor value based on its PE Ratio (21.4x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: MCRN.F is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: MCRN.F is overvalued based on its PB Ratio (5.4x) compared to the US Semiconductor industry average (3.2x).


Next Steps

Future Growth

How is Micro-Mechanics (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCRN.F's forecast earnings growth (10.2% per year) is above the savings rate (2.2%).

Earnings vs Market: MCRN.F's earnings (10.2% per year) are forecast to grow slower than the US market (23% per year).

High Growth Earnings: MCRN.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: MCRN.F's revenue (8% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: MCRN.F's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MCRN.F's Return on Equity is forecast to be high in 3 years time (31.4%)


Next Steps

  • Explore growth companies in the Semiconductors industry.

Past Performance

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

2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCRN.F has high quality earnings.

Growing Profit Margin: MCRN.F's current net profit margins (22.8%) are higher than last year (21.4%).


Past Earnings Growth Analysis

Earnings Trend: MCRN.F's earnings have grown by 2.7% per year over the past 5 years.

Accelerating Growth: MCRN.F's earnings growth over the past year (13.3%) exceeds its 5-year average (2.7% per year).

Earnings vs Industry: MCRN.F earnings growth over the past year (13.3%) exceeded the Semiconductor industry 7.5%.


Return on Equity

High ROE: MCRN.F's Return on Equity (25.3%) is considered high.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: MCRN.F's short term assets (SGD38.9M) exceed its short term liabilities (SGD10.0M).

Long Term Liabilities: MCRN.F's short term assets (SGD38.9M) exceed its long term liabilities (SGD3.2M).


Debt to Equity History and Analysis

Debt Level: MCRN.F is debt free.

Reducing Debt: MCRN.F has not had any debt for past 5 years.

Debt Coverage: MCRN.F has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MCRN.F has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

5.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MCRN.F's dividend (5.33%) is higher than the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: MCRN.F's dividend (5.33%) is in the top 25% of dividend payers in the US market (4.89%)


Stability and Growth of Payments

Stable Dividend: MCRN.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: MCRN.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.9%), MCRN.F's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MCRN.F's dividends in 3 years are not forecast to be well covered by earnings (90.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.9yrs

Average board tenure


CEO

Chris Borch

no data

Tenure

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 Members

NamePositionTenureCompensationOwnership
Christopher Reid Borch
Founderno datano data24.81%
SGD 56.7m
Ming Wah Low
President24.25yrsno data5.13%
SGD 11.7m
Kam Wing Chow
CFO, Company Secretary & Executive Director17.67yrsno data2.02%
SGD 4.6m
Chin Yee Lai
Independent Director6.25yrsS$87.00k0.014%
SGD 32.9k
Sumitri Mirnalini Menon
Independent Non-Executive Chairman10.08yrsS$99.00k0.22%
SGD 492.6k
Yew Kwong Kwan
Independent Director1.25yrsS$2.54kno data

13.9yrs

Average Tenure

54yo

Average Age

Experienced Board: MCRN.F's board of directors are seasoned and experienced ( 13.9 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$312.822m
  • Listing Market Cap: S$228.302m
  • 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 used in applications for the wafer-fabrication and assembly processes of the semiconductor industry. The co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/24 06:31
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.