MKTY

Mechanical TechnologyNasdaqCM:MKTY Stock Report

Market Cap

US$104.4m

7D

-7.3%

1Y

417.0%

Updated

22 Sep, 2021

Data

Company Financials
MKTY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MKTY Overview

Mechanical Technology, Incorporated designs, manufactures, and markets vibration measurement and balancing systems, precision linear displacement solutions, and wafer inspection tools worldwide.

Mechanical Technology Competitors

Cognex

NasdaqGS:CGNX

US$15.4b

FARO Technologies

NasdaqGS:FARO

US$1.2b

Electro-Sensors

NasdaqCM:ELSE

US$17.3m

Schmitt Industries

NasdaqCM:SMIT

US$16.2m

Price History & Performance

Summary of all time highs, changes and price drops for Mechanical Technology
Historical stock prices
Current Share PriceUS$8.22
52 Week HighUS$1.27
52 Week LowUS$18.90
Beta1.35
1 Month Change8.02%
3 Month Change9.60%
1 Year Change416.98%
3 Year Change792.51%
5 Year Change722.00%
Change since IPO19.32%

Recent News & Updates

Shareholder Returns

MKTYUS ElectronicUS Market
7D-7.3%-2.5%-1.7%
1Y417.0%52.9%36.2%

Return vs Industry: MKTY exceeded the US Electronic industry which returned 47.1% over the past year.

Return vs Market: MKTY exceeded the US Market which returned 31.5% over the past year.

Price Volatility

Is MKTY's price volatile compared to industry and market?
MKTY volatility
MKTY Beta1.35
Industry Beta1.32
Market Beta1

Stable Share Price: MKTY is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MKTY's weekly volatility has decreased from 19% to 11% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
196131Michael Toporekhttps://www.mechtech.com

Mechanical Technology, Incorporated designs, manufactures, and markets vibration measurement and balancing systems, precision linear displacement solutions, and wafer inspection tools worldwide. It offers electronic gauging instruments for position, displacement, and vibration applications in the industrial manufacturing markets, as well as the research, design, and process development market. The company also provides engine vibration analysis systems for military and commercial aircraft; portable signal generator that delivers an electronic signal simulating other pieces of equipment or sensors for testing and calibrating electronic equipment; and products for the detection of defects in semiconductor and solar wafers.

Mechanical Technology Fundamentals Summary

How do Mechanical Technology's earnings and revenue compare to its market cap?
MKTY fundamental statistics
Market CapUS$104.39m
Earnings (TTM)-US$359.00k
Revenue (TTM)US$11.21m

9.3x

P/S Ratio

-290.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MKTY income statement (TTM)
RevenueUS$11.21m
Cost of RevenueUS$2.46m
Gross ProfitUS$8.75m
ExpensesUS$9.11m
Earnings-US$359.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.035
Gross Margin78.02%
Net Profit Margin-3.20%
Debt/Equity Ratio0%

How did MKTY perform over the long term?

See historical performance and comparison

Valuation

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

5.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MKTY's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MKTY's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MKTY is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.

PE vs Market: MKTY is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MKTY is overvalued based on its PB Ratio (5x) compared to the US Electronic industry average (2.6x).


Future Growth

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

22.2%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mechanical Technology has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Mechanical Technology performed over the past 5 years?

43.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MKTY is currently unprofitable.

Growing Profit Margin: MKTY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MKTY is unprofitable, but has reduced losses over the past 5 years at a rate of 43.7% per year.

Accelerating Growth: Unable to compare MKTY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MKTY is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (40.3%).


Return on Equity

High ROE: MKTY has a negative Return on Equity (-1.72%), as it is currently unprofitable.


Financial Health

How is Mechanical Technology's financial position?


Financial Position Analysis

Short Term Liabilities: MKTY's short term assets ($20.6M) exceed its short term liabilities ($3.7M).

Long Term Liabilities: MKTY's short term assets ($20.6M) exceed its long term liabilities ($989.0K).


Debt to Equity History and Analysis

Debt Level: MKTY is debt free.

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

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

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


Balance Sheet


Dividend

What is Mechanical Technology current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if MKTY'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 MKTY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Michael Toporek (55 yo)

0.83

Tenure

US$121,152

Compensation

Mr. Michael M. Toporek is the Chief Executive Officer at Mechanical Technology, Incorporated since November 2, 2020. He serves as Director at MTI Instruments since 2016. He serves as President and Director...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD121.15K) is below average for companies of similar size in the US market ($USD552.02K).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MKTY's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: MKTY's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MKTY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.7%.


Top Shareholders

Company Information

Mechanical Technology, Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Mechanical Technology, Incorporated
  • Ticker: MKTY
  • Exchange: NasdaqCM
  • Founded: 1961
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$104.391m
  • Shares outstanding: 12.70m
  • Website: https://www.mechtech.com

Number of Employees


Location

  • Mechanical Technology, Incorporated
  • 325 Washington Avenue Extension
  • Albany
  • New York
  • 12205
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 22:33
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.