Micropac Industries, Inc. designs, manufactures, and distributes various types of microelectronic circuits.
Flawless balance sheet and undervalued.
Share Price & News
How has Micropac Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MPAD has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MPAD exceeded the US Electronic industry which returned 7.7% over the past year.
Return vs Market: MPAD exceeded the US Market which returned 19.4% over the past year.
Price Volatility Vs. Market
How volatile is Micropac Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Micropac Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MPAD ($16.4) is trading below our estimate of fair value ($66.66)
Significantly Below Fair Value: MPAD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MPAD is good value based on its PE Ratio (11.4x) compared to the Electronic industry average (19.6x).
PE vs Market: MPAD is good value based on its PE Ratio (11.4x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MPAD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MPAD is good value based on its PB Ratio (1.5x) compared to the US Electronic industry average (1.9x).
How is Micropac Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Micropac Industries 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.
- Examine whether Micropac Industries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- 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 Micropac Industries's filings and announcements here.
- Explore growth companies in the Tech industry.
How has Micropac Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPAD has high quality earnings.
Growing Profit Margin: MPAD's current net profit margins (14.6%) are higher than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: MPAD's earnings have grown significantly by 24.5% per year over the past 5 years.
Accelerating Growth: MPAD's earnings growth over the past year (157.7%) exceeds its 5-year average (24.5% per year).
Earnings vs Industry: MPAD earnings growth over the past year (157.7%) exceeded the Electronic industry 14.6%.
Return on Equity
High ROE: MPAD's Return on Equity (13.1%) is considered low.
Return on Assets
Return on Capital Employed
How is Micropac Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MPAD's short term assets ($27.5M) exceed its short term liabilities ($2.9M).
Long Term Liabilities: MPAD's short term assets ($27.5M) exceed its long term liabilities ($20.0K).
Debt to Equity History and Analysis
Debt Level: MPAD is debt free.
Reducing Debt: MPAD has not had any debt for past 5 years.
Debt Coverage: MPAD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MPAD has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: MPAD has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MPAD's debt is covered by short term assets.
What is Micropac Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MPAD's dividend (0.61%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: MPAD's dividend (0.61%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: MPAD is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: MPAD is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MPAD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mark King (64yo)
Mr. Mark W. King has been Chief Executive Officer and President of Micropac Industries Inc. since October 12, 2005. Mr. King served as Chief Operating Officer and Executive Vice President of Micropac Indus ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD337.65K) is below average for companies of similar size in the US market ($USD519.76K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|Secretary & Independent Director||9.3yrs||US$20.50k||no data|
|Independent Director||0.2yrs||no data||no data|
|Independent Director||4.3yrs||US$20.50k||no data|
|Independent Director||2.7yrs||US$20.50k||no data|
|Independent Director||0.2yrs||no data||no data|
Experienced Board: MPAD's board of directors are considered experienced (4.3 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Micropac Industries, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Micropac Industries, Inc.
- Ticker: MPAD
- Exchange: OTCPK
- Founded: 1963
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$42.284m
- Shares outstanding: 2.58m
- Website: https://www.micropac.com
Number of Employees
- Micropac Industries, Inc.
- 905 East Walnut Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MPAD||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Feb 1975|
Micropac Industries, Inc. designs, manufactures, and distributes various types of microelectronic circuits. The company’s products and technologies include custom design hybrid microelectronic circuits; solid state relays and power controllers; custom optoelectronic assemblies and components; optocouplers; light-emitting diodes; hall-effect sensors; displays; power operational amplifiers; fiber optic components and assemblies; high temperature products; and radiation tolerant electronics. Its products are used as components in a range of military, space, and industrial systems, including aircraft instrumentation and navigation systems, satellite systems, power supplies, electronic controls, computers, medical devices, and high-temperature products. The company markets its products through a direct technical sales staff, independent representatives, and independent stocking distributors in the United States and Western Europe, primarily to original equipment manufacturers and contractors. Micropac Industries, Inc. was founded in 1963 and is based in Garland, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 00:02|
|End of Day Share Price||2020/02/18 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.