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Micropac Industries

OTCPK:MPAD
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPAD
OTCPK
$26M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Micropac Industries, Inc. designs, manufactures, and distributes various types of microelectronic circuits, solid state relays, power controllers, and optoelectronic components and assemblies. The last earnings update was 44 days ago. More info.


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MPAD Share Price and Events
7 Day Returns
0%
OTCPK:MPAD
-5%
US Electronic
-2.1%
US Market
1 Year Returns
24.3%
OTCPK:MPAD
-2.7%
US Electronic
1.3%
US Market
MPAD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Micropac Industries (MPAD) 0% 5.7% 4.6% 24.3% 18.3% 16.9%
US Electronic -5% -13.7% -8.5% -2.7% 48% 48%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • MPAD outperformed the Electronic industry which returned -2.7% over the past year.
  • MPAD outperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
MPAD
Industry
5yr Volatility vs Market

MPAD Value

 Is Micropac Industries 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 Micropac Industries 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 Micropac Industries.

OTCPK:MPAD 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 8.9%
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:MPAD
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 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.043 (1 + (1- 21%) (0%))
1.029
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.029 * 5.96%)
8.86%

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

The calculations below outline how an intrinsic value for Micropac Industries 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:MPAD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.86%)
2019 0.27 Est @ -62.62% 0.25
2020 0.16 Est @ -43.02% 0.13
2021 0.11 Est @ -29.29% 0.09
2022 0.09 Est @ -19.69% 0.06
2023 0.08 Est @ -12.96% 0.05
2024 0.07 Est @ -8.25% 0.04
2025 0.07 Est @ -4.96% 0.04
2026 0.07 Est @ -2.65% 0.03
2027 0.06 Est @ -1.04% 0.03
2028 0.06 Est @ 0.09% 0.03
Present value of next 10 years cash flows $0.75
OTCPK:MPAD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.06 × (1 + 2.73%) ÷ (8.86% – 2.73%)
$1.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1.08 ÷ (1 + 8.86%)10
$0.46
OTCPK:MPAD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.75 + $0.46
$1.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1.21 / 2.58
$0.47
OTCPK:MPAD Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.47
Current discount Discount to share price of $9.94
= -1 x ($9.94 - $0.47) / $0.47
-2012.8%

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

  • The current share price of Micropac Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Micropac Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Micropac Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MPAD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-23) in USD $0.49
OTCPK:MPAD Share Price ** OTCPK (2019-05-17) in USD $9.94
United States of America Electronic Industry PE Ratio Median Figure of 93 Publicly-Listed Electronic Companies 18.87x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

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

** Primary Listing of Micropac Industries.

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

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

= 9.94 ÷ 0.49

20.36x

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

  • Micropac Industries is overvalued based on earnings compared to the US Electronic industry average.
  • Micropac Industries is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Micropac Industries's expected growth come at a high price?
Raw Data
OTCPK:MPAD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
22%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.21x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*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 Micropac Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Micropac Industries's assets?
Raw Data
OTCPK:MPAD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-23) in USD $9.44
OTCPK:MPAD Share Price * OTCPK (2019-05-17) in USD $9.94
United States of America Electronic Industry PB Ratio Median Figure of 139 Publicly-Listed Electronic Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
OTCPK:MPAD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 9.94 ÷ 9.44

1.05x

* Primary Listing of Micropac Industries.

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

  • Micropac Industries is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Micropac Industries'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. Micropac Industries has a total score of 1/6, 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.

MPAD Future Performance

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

  • No analysts cover Micropac Industries, future earnings growth has been estimated based on fundamentals.
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
22%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Micropac Industries expected to grow at an attractive rate?
  • Micropac Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Micropac Industries's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Micropac Industries's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MPAD Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MPAD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 22%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:MPAD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:MPAD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-02-23 21 2 1
2018-11-30 21 2 1
2018-08-25 20 1 1
2018-05-26 20 2 2
2018-02-24 20 3 1
2017-11-30 20 2 1
2017-08-26 18 0 1
2017-05-27 17 -2 0
2017-02-25 17 -2 0
2016-11-30 18 -2 0
2016-08-27 18 -1 1
2016-05-28 19 0 1
2016-02-27 19 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Micropac Industries's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Micropac Industries 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:MPAD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Micropac Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MPAD Past Financials Data
Date (Data in USD Millions) EPS *
2019-02-23 0.49
2018-11-30 0.56
2018-08-25 0.57
2018-05-26 0.62
2018-02-24 0.55
2017-11-30 0.55
2017-08-26 0.25
2017-05-27 0.05
2017-02-25 0.08
2016-11-30 0.09
2016-08-27 0.25
2016-05-28 0.48
2016-02-27 0.50

*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 Micropac Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Micropac Industries'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.
Micropac Industries has a total score of 3/6, 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.

MPAD Past Performance

  How has Micropac Industries 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 Micropac Industries'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.
  • Micropac Industries's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Micropac Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Micropac Industries's 1-year earnings growth is negative, it can't be compared to the US Electronic industry average.
Earnings and Revenue History
Micropac Industries'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 Micropac Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MPAD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-23 20.92 1.26 5.57 1.36
2018-11-30 20.97 1.44 5.38 1.27
2018-08-25 19.98 1.48 4.99 1.36
2018-05-26 19.69 1.60 4.72 1.46
2018-02-24 19.67 1.41 4.39 1.56
2017-11-30 19.73 1.41 4.25 1.70
2017-08-26 18.07 0.64 4.08 1.55
2017-05-27 17.16 0.13 4.01 1.50
2017-02-25 17.30 0.22 4.12 1.29
2016-11-30 17.60 0.24 4.13 1.15
2016-08-27 17.83 0.64 4.02 1.28
2016-05-28 19.30 1.24 4.06 1.27
2016-02-27 19.45 1.29 3.99 1.45
2015-11-30 20.03 1.49 4.03 1.71
2015-08-29 19.26 1.29 4.02 1.82
2015-05-30 19.14 1.01 3.99 1.99
2015-02-28 19.04 0.80 4.05 2.01
2014-11-30 19.11 1.03 4.04 1.86
2014-08-30 20.61 1.42 4.17 1.76
2014-05-31 19.97 1.53 4.18 1.62
2014-03-01 19.90 1.67 4.08 1.62
2013-11-30 19.68 1.45 4.05 1.54
2013-08-31 19.49 0.90 4.01 1.36
2013-06-01 19.62 0.97 4.00 1.14
2013-02-28 18.62 0.59 3.96 0.79
2012-11-30 17.70 0.46 3.84 0.57
2012-08-25 17.00 0.64 3.77 0.50
2012-05-26 16.99 0.61 3.74 0.42

*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.
  • Micropac Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Micropac Industries used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Micropac Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Micropac Industries'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.
Micropac Industries has a total score of 0/6, 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.

MPAD Health

 How is Micropac Industries'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 Micropac Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Micropac Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Micropac Industries has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Micropac Industries'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.
  • High level of physical assets or inventory.
  • Micropac Industries 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 Micropac Industries Company Filings, last reported 3 months ago.

OTCPK:MPAD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-23 24.35 0.00 12.83
2018-11-30 24.74 0.00 12.54
2018-08-25 24.06 0.00 11.89
2018-05-26 23.79 0.00 11.34
2018-02-24 23.29 0.00 11.68
2017-11-30 23.56 0.00 11.42
2017-08-26 22.83 0.00 12.42
2017-05-27 22.46 0.00 11.86
2017-02-25 22.14 0.00 11.18
2016-11-30 22.41 0.00 12.03
2016-08-27 22.45 0.00 13.46
2016-05-28 22.59 0.00 14.29
2016-02-27 22.18 0.00 14.10
2015-11-30 22.44 0.00 14.66
2015-08-29 22.06 0.00 14.51
2015-05-30 21.61 0.00 14.88
2015-02-28 21.15 0.00 14.21
2014-11-30 21.20 0.00 12.00
2014-08-30 20.80 0.00 12.21
2014-05-31 20.62 0.00 11.32
2014-03-01 20.37 0.00 11.13
2013-11-30 20.43 0.00 11.27
2013-08-31 19.69 0.00 10.71
2013-06-01 19.40 0.00 10.76
2013-02-28 19.01 0.00 9.73
2012-11-30 19.06 0.00 9.42
2012-08-25 19.05 0.00 9.13
2012-05-26 18.69 0.00 9.41
  • Micropac Industries has no debt.
  • Micropac Industries has not taken on any debt in the past 5 years.
  • Micropac Industries has no debt, it does not need to be covered by operating cash flow.
  • Micropac Industries has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Micropac Industries'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. Micropac Industries 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.

MPAD Dividends

 What is Micropac Industries'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
1.01%
Current annual income from Micropac Industries dividends.
If you bought $2,000 of Micropac Industries shares you are expected to receive $20 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?
  • Micropac Industries's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Micropac Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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:MPAD 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 37 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:MPAD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-20 0.100 1.074
2018-10-11 0.100 1.207
2018-07-10 0.100 1.257
2017-12-15 0.100 1.227
2017-10-10 0.100 1.354
2017-07-12 0.100 1.337
2016-12-19 0.100 1.205
2016-10-11 0.100 1.187
2016-07-26 0.100 1.198
2015-12-21 0.100 1.138
2015-10-15 0.100 1.108
2015-07-15 0.100 1.099
2015-01-05 0.100 1.115
2014-10-14 0.100 1.225
2014-07-15 0.100 1.165
2013-12-18 0.100 1.228
2013-10-15 0.100 1.422
2013-07-16 0.100 1.565
2012-12-13 0.100 1.761
2012-10-10 0.100 1.757
2011-12-14 0.100 1.842
2011-10-13 0.100 1.994
2011-07-12 0.100 1.720
2010-12-20 0.100 1.164
2010-10-12 0.100 1.530
2010-07-13 0.100 1.809
2010-02-04 0.100 2.004
2009-10-20 0.100 1.962
2009-10-15 0.100 2.035
2009-07-28 0.100 2.322
2009-07-17 0.100 2.062

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

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Micropac Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Micropac Industries 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 Micropac Industries'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 Micropac Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Micropac Industries has a total score of 1/6, see the detailed checks below.


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

MPAD Management

 What is the CEO of Micropac Industries'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
Mark King
COMPENSATION $332,309
AGE 63
TENURE AS CEO 13.6 years
CEO Bio

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 Industries from November 11, 2002 to October 12, 2005. Prior to November 2002, he served as President and Chief Operating Officer of Lucas Benning Power Electronics. Mr. King has 27 years senior management experience in design, development, manufacturing and business development serving the advanced electronics industry, including 22 years with Texas Instruments, Inc. and later Raytheon through acquisition. He Has been the Chairman of Micropac Industries Inc. since March 2008 and has been its Director since October 12, 2005. Mr. King holds a BS degree in Mechanical Engineering and a Master's degree in Business Administration.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mark's remuneration is about average for companies of similar size in United States of America.
Management Team

Mark King

TITLE
Chairman
COMPENSATION
$332K
AGE
63
TENURE
13.6 yrs

Patrick Cefalu

TITLE
Executive VP
COMPENSATION
$222K
AGE
60
TENURE
17.7 yrs

Dick Hoesterey

TITLE
Secretary & Director
COMPENSATION
$21K
AGE
76
Board of Directors Tenure

Average tenure and age of the Micropac Industries board of directors in years:

9.6
Average Tenure
71
Average Age
  • The tenure for the Micropac Industries board of directors is about average.
Board of Directors

Mark King

TITLE
Chairman
COMPENSATION
$332K
AGE
63
TENURE
11.2 yrs

Dick Hoesterey

TITLE
Secretary & Director
COMPENSATION
$21K
AGE
76
TENURE
8.6 yrs

Heinz-Werner Hempel

TITLE
Director
AGE
89
TENURE
22.3 yrs

Gene Robinson

TITLE
Director
COMPENSATION
$21K
AGE
79
TENURE
10.6 yrs

Christine Dittrich

TITLE
Director
COMPENSATION
$21K
AGE
66
TENURE
3.6 yrs

Gerald Tobey

TITLE
Director
COMPENSATION
$21K
AGE
64
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Micropac Industries'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. Micropac Industries 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.

MPAD News

Simply Wall St News

MPAD Company Info

Description

Micropac Industries, Inc. designs, manufactures, and distributes various types of microelectronic circuits, solid state relays, power controllers, and optoelectronic components and assemblies. 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 headquartered in Garland, Texas.

Details
Name: Micropac Industries, Inc.
MPAD
Exchange: OTCPK
Founded: 1963
$25,628,451
2,578,315
Website: http://www.micropac.com
Address: Micropac Industries, Inc.
905 East Walnut Street,
Garland,
Texas, 75040,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK MPAD Common Stock Pink Sheets LLC US USD 28. Feb 1975
Number of employees
Current staff
Staff numbers
123
Micropac Industries employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:41
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/04/10
Last earnings reported: 2019/02/23
Last annual earnings reported: 2018/11/30


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.