MegaChips Corporation designs, develops, and manufactures MEMS timing devices and LSIs for use in analog, digital, and MEMS technology in Japan, Taiwan, and internationally. More Details
Adequate balance sheet with limited growth.
Share Price & News
How has MegaChips's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MEGP.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how MEGP.F performed against the US Semiconductor industry.
Return vs Market: Insufficient data to determine how MEGP.F performed against the US Market.
Price Volatility Vs. Market
How volatile is MegaChips's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is MegaChips undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MEGP.F ($19.05) is trading above our estimate of fair value ($16.92)
Significantly Below Fair Value: MEGP.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MEGP.F is poor value based on its PE Ratio (68.3x) compared to the US Semiconductor industry average (34.9x).
PE vs Market: MEGP.F is poor value based on its PE Ratio (68.3x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: MEGP.F is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: MEGP.F is good value based on its PB Ratio (1.6x) compared to the US Semiconductor industry average (3.2x).
How is MegaChips forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MEGP.F's forecast earnings growth (22.8% per year) is above the savings rate (2.2%).
Earnings vs Market: MEGP.F's earnings (22.8% per year) are forecast to grow slower than the US market (23.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MEGP.F's revenue is expected to decline over the next 3 years (-1% per year).
High Growth Revenue: MEGP.F's revenue is forecast to decline over the next 3 years (-1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MEGP.F's Return on Equity is forecast to be low in 3 years time (6.3%).
How has MegaChips performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEGP.F has a large one-off loss of ¥729.0M impacting its June 30 2020 financial results.
Growing Profit Margin: MEGP.F became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MEGP.F's earnings have declined by 16.7% per year over the past 5 years.
Accelerating Growth: MEGP.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MEGP.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (7.5%).
Return on Equity
High ROE: MEGP.F's Return on Equity (1.4%) is considered low.
How is MegaChips's financial position?
Financial Position Analysis
Short Term Liabilities: MEGP.F's short term assets (¥48.8B) exceed its short term liabilities (¥37.1B).
Long Term Liabilities: MEGP.F's short term assets (¥48.8B) exceed its long term liabilities (¥2.4B).
Debt to Equity History and Analysis
Debt Level: MEGP.F's debt to equity ratio (80.6%) is considered high.
Reducing Debt: MEGP.F's debt to equity ratio has increased from 77.7% to 80.6% over the past 5 years.
Debt Coverage: MEGP.F's debt is well covered by operating cash flow (106.7%).
Interest Coverage: MEGP.F's interest payments on its debt are well covered by EBIT (6.2x coverage).
What is MegaChips's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MEGP.F's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.63%).
High Dividend: MEGP.F's dividend (0.79%) is low compared to the top 25% of dividend payers in the US market (4.62%).
Stability and Growth of Payments
Stable Dividend: MEGP.F is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: MEGP.F is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MEGP.F is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MEGP.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Tetsuo Hikawa serves as President & CEO of MegaChips Corp. since 2019. Mr. Tetsuo Hikawa served as the President of MegaChips System Solutions Inc., a subsidiary of Megachips Corp. Mr. Hikawa serves as ...
|President||1.25yrs||no data||0.44% |
|Director||no data||no data||0.60% |
|Chairman||1.67yrs||no data||2.53% |
|Outside Auditor||18.25yrs||no data||0.078% |
|Director||no data||no data||0.018% |
|Independent Outside Director||3.25yrs||no data||no data|
|Outside Auditor||1.67yrs||no data||no data|
|Independent Outside Director||1.67yrs||no data||no data|
|Standing Statutory Auditor||1.67yrs||no data||no data|
|Director||1.67yrs||no data||0.0046% |
|Director||0.67yr||no data||no data|
|Independent Outside Director||0.67yr||no data||no data|
Experienced Board: MEGP.F's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MegaChips Corporation's company bio, employee growth, exchange listings and data sources
- Name: MegaChips Corporation
- Ticker: MEGP.F
- Exchange: OTCPK
- Founded: 1967
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: JP¥47.073b
- Listing Market Cap: JP¥442.647m
- Shares outstanding: 21.76m
- Website: https://www.megachips.co.jp
Number of Employees
- MegaChips Corporation
- Shin-Osaka Hankyu Building 1-1-1 Miyahara
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MHC||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Aug 1998|
|6875||TSE (The Tokyo Stock Exchange)||Yes||Common Shares||JP||JPY||Aug 1998|
|MEGP.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Aug 1998|
MegaChips Corporation designs, develops, and manufactures MEMS timing devices and LSIs for use in analog, digital, and MEMS technology in Japan, Taiwan, and internationally. The company offers LSIs, such a ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/08 06:01|
|End of Day Share Price||2020/06/11 00:00|
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.