OTCPK:MMAP.F

Stock Analysis Report

Executive Summary

MEMSCAP, S.A. provides products and solutions based on micro-electro-mechanical systems (MEMS) for aerospace/defense, optical communications, medical and biomedical, and IT/consumer markets worldwide.

Snowflake

Fundamentals

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

MMAP.F

3.0%

US Semiconductor

1.8%

US Market


1 Year Return

n/a

MMAP.F

20.6%

US Semiconductor

7.3%

US Market


Shareholder returns

MMAP.FIndustryMarket
7 Day0%3.0%1.8%
30 Day0%-0.02%-0.7%
90 Day-10.8%4.7%0.06%
1 Yearn/a22.9%20.6%9.7%7.3%
3 Yearn/a82.2%71.5%46.3%36.9%
5 Yearn/a137.4%112.9%64.5%46.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is MEMSCAP undervalued compared to its fair value and its price relative to the market?

47.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: MMAP.F ($1.9) is trading above our estimate of fair value ($0.72)

Significantly Undervalued: MMAP.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MMAP.F is poor value based on its PE Ratio (47.1x) compared to the Semiconductor industry average (27.6x).

PE vs Market: MMAP.F is poor value based on its PE Ratio (47.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate MMAP.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MMAP.F is good value based on its PB Ratio (0.8x) compared to the US Semiconductor industry average (2.8x).


Next Steps

Future Growth

How is MEMSCAP forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.1%

Forecasted Semiconductors industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MMAP.F's forecast earnings growth is above the savings rate (2.7%).

Earnings vs Market: Insufficient data to determine if MMAP.F's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if MMAP.F's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if MMAP.F's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has MEMSCAP performed over the past 5 years?

-10.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MMAP.F has become profitable over the past 5 years, growing earnings by -10.1% per year.

Accelerating Growth: MMAP.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MMAP.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (-6.2%).


Return on Equity

High ROE: MMAP.F's Return on Equity (1.2%) is considered low.


Return on Assets

ROA vs Industry: MMAP.F's Return on Assets is below or equal to the Semiconductor industry average last year.


Return on Capital Employed

ROCE Improving: MMAP.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is MEMSCAP's financial position?


Financial Position Analysis

Short Term Liabilities: MMAP.F's short term assets (€8.4M) exceeds its short term liabilities (€3.1M)

Long Term Liabilities: MMAP.F's short term assets (8.4M) exceeds its long term liabilities (722.0K)


Debt to Equity History and Analysis

Debt Level: MMAP.F's debt to equity ratio (3.9%) is considered satisfactory

Reducing Debt: MMAP.F's debt to equity ratio has reduced from 13.5% to 3.9% over the past 5 years.

Debt Coverage: MMAP.F's debt is well covered by operating cash flow (85.7%).

Interest Coverage: Insufficient data to determine if MMAP.F's interest payments on its debt are well covered by EBIT.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MMAP.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MMAP.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MMAP.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MMAP.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MMAP.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

€300k

CEO Compensation


CEO

Jean Karam 0

21.6yrs

Tenure

€300,000

Compensation

Dr. Jean-Michel Karam serves as the Chairman of MEMSCAP S.A. and has been its Chief Executive Officer since 1998. Dr. Karam serves as the Chief Executive Officer at IntuiSkin SAS, a subsidiary of MEMSCAP S ...


CEO Compensation Analysis

Information is not available.

Compensation vs Earnings: Jean's compensation has been consistent with company performance over the past year.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jean Karam

    Chairman of the Board & CEO

    • Tenure: 21.6yrs
    • Compensation: €300.00k
  • Yann Cousinet

    Chief Financial Officer

    • Tenure: 0yrs
  • Nicolas Bertsch

    General Manager of Custom Products and Central Research & Development

    • Tenure: 0yrs

Board Members

  • Jean Karam

    Chairman of the Board & CEO

    • Tenure: 21.6yrs
    • Compensation: €300.00k
  • Joël Alanis

    Independent Director

    • Tenure: 0yrs
  • Chris Pelly

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: €590.00
  • Vera Strübi (75yo)

    Independent Director

    • Tenure: 0yrs
  • Bernard Courtois

    Independent Director

    • Tenure: 0yrs
  • Evelyne Galiatsatos (54yo)

    Independent Director

    • Tenure: 0.3yrs

Company Information

MEMSCAP, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MEMSCAP, S.A.
  • Ticker: MMAP.F
  • Exchange: OTCPK
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: €14.280m
  • Listing Market Cap: €16.018m
  • Shares outstanding: 7.46m
  • Website: https://www.memscap.com

Number of Employees


Location

  • MEMSCAP, S.A.
  • Parc Activillage des Fontaines
  • ZI Bernin
  • Crolles
  • Rhône-Alpes
  • 38926
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMAP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2003
MEMSENXTPA (Euronext Paris)YesOrdinary SharesFREURSep 2003
MSBADB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2003

Biography

MEMSCAP, S.A. provides products and solutions based on micro-electro-mechanical systems (MEMS) for aerospace/defense, optical communications, medical and biomedical, and IT/consumer markets worldwide. The  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/11 23:52
End of Day Share Price2019/05/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.