MEI Stock Overview
Methode Electronics, Inc. designs, engineers, and produces mechatronic products worldwide.
No risks detected for MEI from our risk checks.
Methode Electronics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$36.71|
|52 Week High||US$50.20|
|52 Week Low||US$36.17|
|1 Month Change||-17.41%|
|3 Month Change||-14.63%|
|1 Year Change||-25.87%|
|3 Year Change||29.35%|
|5 Year Change||-9.47%|
|Change since IPO||1,857.87%|
Recent News & Updates
Methode Electronics GAAP EPS of $0.43 beats by $0.01, revenue of $288.7M misses by $0.52M, guides EPS and revenue above the consensus
Methode Electronics press release (NYSE:MEI): Q4 GAAP EPS of $0.43 beats by $0.01. Revenue of $288.7M (-4.1% Y/Y) misses by $0.52M. Fiscal 2023 Full Year Guidance: For the fiscal year 2023, the company expects net sales to be in the range of $1,160 to $1,210 million vs consensus of $1.16B. Diluted earnings per share is expected to be in a range of $2.70 to $3.10 vs consensus of $2.69.
Methode Electronics (NYSE:MEI) Is Due To Pay A Dividend Of US$0.14
The board of Methode Electronics, Inc. ( NYSE:MEI ) has announced that it will pay a dividend of US$0.14 per share on...
|MEI||US Electronic||US Market|
Return vs Industry: MEI underperformed the US Electronic industry which returned -23.2% over the past year.
Return vs Market: MEI underperformed the US Market which returned -21.7% over the past year.
|MEI Average Weekly Movement||5.2%|
|Electronic Industry Average Movement||7.6%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: MEI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MEI's weekly volatility (5%) has been stable over the past year.
About the Company
Methode Electronics, Inc. designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.
Methode Electronics Fundamentals Summary
|MEI fundamental statistics|
Is MEI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MEI income statement (TTM)|
|Cost of Revenue||US$897.40m|
Last Reported Earnings
Apr 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.67|
|Net Profit Margin||8.78%|
How did MEI perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Does MEI pay a reliable dividends?See MEI dividend history and benchmarks
|Methode Electronics dividend dates|
|Ex Dividend Date||Jul 14 2022|
|Dividend Pay Date||Jul 29 2022|
|Days until Ex dividend||11 days|
|Days until Dividend pay date||26 days|
Does MEI pay a reliable dividends?See MEI dividend history and benchmarks
Is MEI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MEI?
Other financial metrics that can be useful for relative valuation.
|What is MEI's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MEI's PE Ratio compare to its peers?
|MEI PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
TTMI TTM Technologies
BHE Benchmark Electronics
MEI Methode Electronics
Price-To-Earnings vs Peers: MEI is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (16.2x).
Price to Earnings Ratio vs Industry
How does MEI's PE Ratio compare vs other companies in the US Electronic Industry?
Price-To-Earnings vs Industry: MEI is good value based on its Price-To-Earnings Ratio (13.8x) compared to the US Electronic industry average (16.5x)
Price to Earnings Ratio vs Fair Ratio
What is MEI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||13.8x|
|Fair PE Ratio||18.6x|
Price-To-Earnings vs Fair Ratio: MEI is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).
Share Price vs Fair Value
What is the Fair Price of MEI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MEI ($36.71) is trading below our estimate of fair value ($41.22)
Significantly Below Fair Value: MEI is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: MEI is good value based on its PEG Ratio (1x)
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How is Methode Electronics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MEI's forecast earnings growth (14.3% per year) is above the savings rate (1.9%).
Earnings vs Market: MEI's earnings (14.3% per year) are forecast to grow faster than the US market (13.6% per year).
High Growth Earnings: MEI's earnings are forecast to grow, but not significantly.
Revenue vs Market: MEI's revenue (4.8% per year) is forecast to grow slower than the US market (8.2% per year).
High Growth Revenue: MEI's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MEI's Return on Equity is forecast to be low in 3 years time (13.1%).
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How has Methode Electronics performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEI has high quality earnings.
Growing Profit Margin: MEI's current net profit margins (8.8%) are lower than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: MEI's earnings have grown by 11.9% per year over the past 5 years.
Accelerating Growth: MEI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MEI had negative earnings growth (-16.4%) over the past year, making it difficult to compare to the Electronic industry average (33.9%).
Return on Equity
High ROE: MEI's Return on Equity (11.2%) is considered low.
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How is Methode Electronics's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MEI's short term assets ($629.0M) exceed its short term liabilities ($188.6M).
Long Term Liabilities: MEI's short term assets ($629.0M) exceed its long term liabilities ($286.7M).
Debt to Equity History and Analysis
Debt Level: MEI's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: MEI's debt to equity ratio has increased from 5.1% to 23% over the past 5 years.
Debt Coverage: MEI's debt is well covered by operating cash flow (46.9%).
Interest Coverage: MEI's interest payments on its debt are well covered by EBIT (33.9x coverage).
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What is Methode Electronics's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MEI's dividend (1.53%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.61%).
High Dividend: MEI's dividend (1.53%) is low compared to the top 25% of dividend payers in the US market (4.3%).
Stability and Growth of Payments
Stable Dividend: MEI's dividends per share have been stable in the past 10 years.
Growing Dividend: MEI's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (20.4%), MEI's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (35.3%), MEI's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Don Duda (67 yo)
Mr. Donald W. Duda, also known as Don, has been the Chief Executive Officer of Methode Electronics, Inc. since May 1, 2004 and its President and Director since February 2001. Mr. Duda served as Vice Presid...
CEO Compensation Analysis
Compensation vs Market: Don's total compensation ($USD13.33M) is above average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Don's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: MEI's management team is considered experienced (3.9 years average tenure).
Experienced Board: MEI's board of directors are considered experienced (3 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Methode Electronics, Inc.'s employee growth, exchange listings and data sources
- Name: Methode Electronics, Inc.
- Ticker: MEI
- Exchange: NYSE
- Founded: 1946
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Implied Market Cap: US$1.406b
- Shares outstanding: 38.30m
- Website: https://www.methode.com
Number of Employees
- Methode Electronics, Inc.
- 8750 West Bryn Mawr Avenue
- Suite 1000
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 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.