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Mechanical Technology

OTCPK:MKTY
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MKTY
OTCPK
$14M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Mechanical Technology, Incorporated, through its subsidiary, MTI Instruments, Inc., designs, manufactures, and markets precision linear displacement solutions, vibration measurement and system balancing solutions, precision tensile measurement systems, and wafer inspection tools worldwide. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
  • Mechanical Technology has significant price volatility in the past 3 months.
MKTY Share Price and Events
7 Day Returns
-3.3%
OTCPK:MKTY
0.7%
US Electronic
1.2%
US Market
1 Year Returns
85.9%
OTCPK:MKTY
-0.3%
US Electronic
3%
US Market
MKTY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mechanical Technology (MKTY) -3.3% 54.3% 66.7% 85.9% 52.6% 5.8%
US Electronic 0.7% 1.1% 21.2% -0.3% 59.3% 59.2%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • MKTY outperformed the Electronic industry which returned -0.3% over the past year.
  • MKTY outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
MKTY
Industry
5yr Volatility vs Market
Related Companies

MKTY Value

 Is Mechanical Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mechanical Technology to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mechanical Technology.

OTCPK:MKTY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:MKTY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (0%))
1.048
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.048 * 5.96%)
8.97%

Discounted Cash Flow Calculation for OTCPK:MKTY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mechanical Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:MKTY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.97%)
2019 3.02 Est @ 61.04% 2.77
2020 4.33 Est @ 43.55% 3.65
2021 5.69 Est @ 31.3% 4.40
2022 6.98 Est @ 22.73% 4.95
2023 8.15 Est @ 16.73% 5.30
2024 9.17 Est @ 12.53% 5.48
2025 10.05 Est @ 9.59% 5.51
2026 10.81 Est @ 7.53% 5.43
2027 11.46 Est @ 6.09% 5.29
2028 12.05 Est @ 5.08% 5.10
Present value of next 10 years cash flows $47.87
OTCPK:MKTY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $12.05 × (1 + 2.73%) ÷ (8.97% – 2.73%)
$198.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $198.22 ÷ (1 + 8.97%)10
$83.94
OTCPK:MKTY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $47.87 + $83.94
$131.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $131.81 / 9.54
$13.82
OTCPK:MKTY Discount to Share Price
Calculation Result
Value per share (USD) From above. $13.82
Current discount Discount to share price of $1.45
= -1 x ($1.45 - $13.82) / $13.82
89.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mechanical Technology is available for.
Intrinsic value
>50%
Share price is $1.45 vs Future cash flow value of $13.82
Current Discount Checks
For Mechanical Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mechanical Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mechanical Technology's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mechanical Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mechanical Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MKTY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.21
OTCPK:MKTY Share Price ** OTCPK (2019-03-20) in USD $1.45
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.54x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mechanical Technology.

OTCPK:MKTY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:MKTY Share Price ÷ EPS (both in USD)

= 1.45 ÷ 0.21

7.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mechanical Technology is good value based on earnings compared to the US Electronic industry average.
  • Mechanical Technology is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mechanical Technology's expected growth come at a high price?
Raw Data
OTCPK:MKTY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mechanical Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mechanical Technology's assets?
Raw Data
OTCPK:MKTY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.74
OTCPK:MKTY Share Price * OTCPK (2019-03-20) in USD $1.45
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:MKTY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:MKTY Share Price ÷ Book Value per Share (both in USD)

= 1.45 ÷ 0.74

1.97x

* Primary Listing of Mechanical Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mechanical Technology is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Mechanical Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Mechanical Technology has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MKTY Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mechanical Technology expected to grow at an attractive rate?
  • Unable to compare Mechanical Technology's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mechanical Technology's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Mechanical Technology's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MKTY Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MKTY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MKTY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 8 2 2
2018-09-30 7 1 1
2018-03-31 7 1 1
2017-12-31 7 0 1
2017-09-30 7 0 0
2017-06-30 7 0 0
2017-03-31 7 0 0
2016-12-31 7 1 0
2016-09-30 7 0 -2
2016-06-30 6 -1 -3
2016-03-31 6 -1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mechanical Technology is high growth as no earnings estimate data is available.
  • Unable to determine if Mechanical Technology is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MKTY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mechanical Technology Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MKTY Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.21
2018-09-30 0.11
2018-03-31 0.11
2017-12-31 0.06
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 -0.03
2016-12-31 -0.06
2016-09-30 -0.34
2016-06-30 -0.51
2016-03-31 -0.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mechanical Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Mechanical Technology is trading at Mechanical Technology'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Mechanical Technology's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Mechanical Technology's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mechanical Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mechanical Technology has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MKTY Past Performance

  How has Mechanical Technology performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mechanical Technology's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mechanical Technology's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Mechanical Technology's 1-year earnings growth exceeds its 5-year average (232.6% vs -26.8%)
  • Mechanical Technology's earnings growth has exceeded the US Electronic industry average in the past year (232.6% vs 61%).
Earnings and Revenue History
Mechanical Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mechanical Technology Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MKTY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 8.06 1.94 2.98 1.24
2018-09-30 7.49 1.07 2.66 1.12
2018-03-31 7.35 1.00 2.69 1.10
2017-12-31 7.06 0.58 3.09 1.15
2017-09-30 6.84 0.03 3.32 1.19
2017-06-30 7.21 0.02 3.47 1.21
2017-03-31 7.13 -0.19 3.51 1.22
2016-12-31 7.06 -0.36 3.45 1.24
2016-09-30 6.71 -1.77 3.20 1.38
2016-06-30 5.78 -2.71 3.34 1.44
2016-03-31 5.92 -3.03 3.60 1.51
2015-12-31 6.33 -2.83 3.78 1.55
2015-09-30 7.86 -0.17 3.91 1.41
2015-06-30 8.51 0.39 3.84 1.37
2015-03-31 9.04 0.78 3.72 1.36
2014-12-31 8.78 0.74 3.59 1.35
2014-09-30 7.37 3.00 3.50 1.41
2014-06-30 7.75 3.21 3.48 1.41
2014-03-31 7.53 3.14 3.47 1.34
2013-12-31 8.35 3.65 3.42 1.32
2013-09-30 9.03 0.80 3.06 1.28
2013-06-30 7.80 -0.51 3.49 1.30
2013-03-31 6.90 -1.18 3.54 1.33
2012-12-31 5.90 -2.09 3.81 1.36
2012-09-30 6.93 -0.15 4.44 1.35
2012-06-30 8.17 0.90 4.44 1.39
2012-03-31 8.95 1.37 4.78 1.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mechanical Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Mechanical Technology used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Mechanical Technology has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Mechanical Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mechanical Technology has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MKTY Health

 How is Mechanical Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mechanical Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mechanical Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mechanical Technology has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mechanical Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Mechanical Technology has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mechanical Technology Company Filings, last reported 2 months ago.

OTCPK:MKTY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6.95 0.00 5.77
2018-09-30 5.70 0.00 4.70
2018-03-31 4.98 0.00 4.10
2017-12-31 4.96 0.00 3.83
2017-09-30 4.51 0.00 3.36
2017-06-30 4.16 0.00 3.40
2017-03-31 3.78 0.00 3.19
2016-12-31 4.15 0.00 3.38
2016-09-30 1.50 0.00 0.89
2016-06-30 1.13 0.00 0.53
2016-03-31 0.98 0.00 0.34
2015-12-31 1.53 0.00 0.46
2015-09-30 3.11 0.00 0.90
2015-06-30 3.68 0.00 1.47
2015-03-31 3.86 0.00 1.61
2014-12-31 4.22 0.00 1.92
2014-09-30 3.15 0.00 0.91
2014-06-30 3.18 0.00 0.77
2014-03-31 2.98 0.00 0.74
2013-12-31 3.39 0.00 1.21
2013-09-30 3.33 0.00 1.01
2013-06-30 3.17 0.00 0.84
2013-03-31 3.07 0.00 0.93
2012-12-31 3.00 0.00 0.29
2012-09-30 2.55 0.00 0.53
2012-06-30 3.68 0.00 1.44
2012-03-31 4.14 0.00 1.98
  • Mechanical Technology has no debt.
  • Mechanical Technology has not taken on any debt in the past 5 years.
  • Mechanical Technology has no debt, it does not need to be covered by operating cash flow.
  • Mechanical Technology has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Mechanical Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mechanical Technology has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MKTY Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mechanical Technology dividends.
If you bought $2,000 of Mechanical Technology shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mechanical Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mechanical Technology's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MKTY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mechanical Technology has not reported any payouts.
  • Unable to verify if Mechanical Technology's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mechanical Technology's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mechanical Technology has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mechanical Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mechanical Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mechanical Technology has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MKTY Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rick Jones
COMPENSATION $259,602
AGE 50
TENURE AS CEO 2.2 years
CEO Bio

Mr. Frederick W. Jones, also known as Rick, serves as the Chief Financial Officer and Vice President at MTI Instruments, Inc. he serves as the President and Chief Executive Officer of Mechanical Technology, Incorporated since January 18, 2017 and has been its Chief Financial Officer since September 20, 2011. Mr. Jones has been Secretary of Mechanical Technology, Incorporated since June 18, 2009. Mr. Jones served as Vice President of Mechanical Technology, Incorporated until January 2017. Mr. Jones served as Vice President of Finance & Operations at MTI Instruments Inc. since April 2010. He served as Acting Chief Financial Officer of Mechanical Technology, Incorporated from June 18, 2009 to September 20, 2011. He served as Director of Finance and Operations at MTI Instruments Inc. Mr. Jones was with MTI Instruments Inc. since 1993. Prior to MTI Instruments, Mr. Jones served as Controller for two real estate management companies based in the Albany area. Mr. Jones supervises the financial reporting, Sarbanes-Oxley compliance and administrative support functions of the organization. In addition, Mr. Jones also overseen the production, quality and shipping departments of MTI Instruments. Mr. Jones received a Bachelors degree in Business Administration and Accounting from Siena College.

CEO Compensation
  • Rick's compensation has been consistent with company performance over the past year.
  • Rick's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Rick Jones

TITLE
President
COMPENSATION
$260K
AGE
50
TENURE
2.2 yrs

George Relan

TITLE
Global Director of Sales - Precision Instruments
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Mechanical Technology board of directors in years:

2.4
Average Tenure
56.5
Average Age
  • The average tenure for the Mechanical Technology board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Michaels

TITLE
Chairman & Lead Independent Director
COMPENSATION
$14K
AGE
62
TENURE
2.2 yrs

Thomas Marusak

TITLE
Director
COMPENSATION
$10K
AGE
67
TENURE
14.3 yrs

Matthew Lipman

TITLE
Director
COMPENSATION
$10K
AGE
39
TENURE
2.4 yrs

William Phelan

TITLE
Director
COMPENSATION
$10K
AGE
61
TENURE
14.3 yrs

Michael Toporek

TITLE
Director
COMPENSATION
$10K
AGE
52
TENURE
2.4 yrs

Edward Hirshfield

TITLE
Director
COMPENSATION
$10K
AGE
46
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. May 18 Buy Frederick Jones Individual 09. May 18 09. May 18 2,500 $0.70 $1,750
X
Management checks
We assess Mechanical Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mechanical Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MKTY News

Simply Wall St News

MKTY Company Info

Description

Mechanical Technology, Incorporated, through its subsidiary, MTI Instruments, Inc., designs, manufactures, and markets precision linear displacement solutions, vibration measurement and system balancing solutions, precision tensile measurement systems, and wafer inspection tools worldwide. It offers electronic gauging instruments for position, displacement, and vibration applications in the industrial manufacturing/production markets, as well as the research, design, and process development market. The company also provides engine balancing and vibration analysis systems for military and commercial aircraft; metrology tools for semiconductor and solar wafer characterization; and tensile stage systems for materials testing and precision linear displacement gauges for use in academic and industrial research and development settings. It sells its precision automated manufacturing, and research and development sectors through direct sales and representatives in the Americas; and through distributors and agents in Europe and Asia, as well as axial turbo machinery directly to end users. The company serves electronics, aircraft, aerospace, automotive, semiconductor, and research industries. Mechanical Technology, Incorporated was founded in 1961 and is headquartered in Albany, New York.

Details
Name: Mechanical Technology, Incorporated
MKTY
Exchange: OTCPK
Founded: 1961
$13,827,094
9,535,927
Website: http://www.mechtech.com
Address: Mechanical Technology, Incorporated
325 Washington Avenue Extension,
Albany,
New York, 12205,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK MKTY Common Stock Pink Sheets LLC US USD 15. Oct 1980
Number of employees
Current staff
Staff numbers
25
Mechanical Technology employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:40
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.