Meiko Electronics Co., Ltd.

  • Market Cap: Mid Cap
  • Industry: Electronics & Appliances
  • ISIN: JP3915350007
JPY
25,720.00
-140 (-0.54%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Comparison

Company
Score
Quality
Valuation
Financial
Technical
Hosiden Corp.
HIROSE ELECTRIC CO., LTD.
Citizen Watch Co., Ltd.
MegaChips Corp.
IRISO Electronics Co., Ltd.
Shinko Electric Industries Co., Ltd.
Meiko Electronics Co., Ltd.
Taiyo Yuden Co., Ltd.
Nichicon Corp.
Japan Aviation Electronics Industry Ltd.
Japan Display, Inc.

Why is Meiko Electronics Co., Ltd. ?

1
High Debt Company with a Debt to Equity ratio (avg) at times
  • Poor long term growth as Operating profit has grown by an annual rate 29.75% of over the last 5 years
  • High Debt Company with a Debt to Equity ratio (avg) at times
  • INTEREST(Q) At JPY 528 MM has Grown at 14.78%
  • INVENTORY TURNOVER RATIO(HY) Lowest at 4 times
2
With ROCE of 11.09%, it has a attractive valuation with a 1.28 Enterprise value to Capital Employed
  • The stock is trading at a premium compared to its peers' average historical valuations
  • Over the past year, while the stock has generated a return of 245.70%, its profits have risen by 30.5% ; the PEG ratio of the company is 0.3
stock-recommendationReal-Time Research Report

Verdict Report

How much should you sell?

  1. All quantity irrespective of whether you are making profits or losses

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is Meiko Electronics Co., Ltd. for you?

High Risk, High Return

Absolute
Risk Adjusted
Volatility
Meiko Electronics Co., Ltd.
245.7%
3.53
72.36%
Japan Nikkei 225
36.73%
1.30
28.24%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor
Value
Sales Growth (5y)
12.36%
EBIT Growth (5y)
29.75%
EBIT to Interest (avg)
11.22
Debt to EBITDA (avg)
2.83
Net Debt to Equity (avg)
0.59
Sales to Capital Employed (avg)
0.99
Tax Ratio
18.59%
Dividend Payout Ratio
15.45%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
8.77%
ROE (avg)
14.25%
stock-recommendationValuation

Valuation Scorecard stock-summary

stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary

Factor
Value
P/E Ratio
10
Industry P/E
Price to Book Value
1.44
EV to EBIT
11.54
EV to EBITDA
6.82
EV to Capital Employed
1.28
EV to Sales
1.06
PEG Ratio
0.34
Dividend Yield
NA
ROCE (Latest)
11.09%
ROE (Latest)
13.95%
stock-recommendationTechnicals

Technical key factors

Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Bullish
OBV
No Trend
Bullish
stock-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
stock-recommendationFinancial Trend

Financial Trend Scorecard stock-summary

stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

4What is working for the Company
RAW MATERIAL COST(Y)

Fallen by -3.6% (YoY

CASH AND EQV(HY)

Highest at JPY 77,832 MM

NET SALES(Q)

Highest at JPY 60,540 MM

OPERATING PROFIT(Q)

Highest at JPY 9,834 MM

-11What is not working for the Company
INTEREST(Q)

At JPY 528 MM has Grown at 14.78%

INVENTORY TURNOVER RATIO(HY)

Lowest at 4 times

Here's what is working for Meiko Electronics Co., Ltd.

Net Sales
Highest at JPY 60,540 MM
in the last five periods
MOJO Watch
Near term sales trend is positive

Net Sales (JPY MM)

Operating Profit
Highest at JPY 9,834 MM
in the last five periods
MOJO Watch
Near term Operating Profit trend is positive

Operating Profit (JPY MM)

Cash and Eqv
Highest at JPY 77,832 MM
in the last six Semi-Annual periods
MOJO Watch
Short Term liquidity is improving

Cash and Cash Equivalents

Raw Material Cost
Fallen by -3.6% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin

Raw Material Cost as a percentage of Sales

Depreciation
Highest at JPY 3,748 MM
in the last five periods
MOJO Watch
The expenditure on assets done by the company may have gone into operation

Depreciation (JPY MM)

Here's what is not working for Meiko Electronics Co., Ltd.

Interest
At JPY 528 MM has Grown at 14.78%
period on period (QoQ)
MOJO Watch
Rising interest cost signifies increased borrowings

Interest Paid (JPY MM)

Inventory Turnover Ratio
Lowest at 4 times
in the last five Semi-Annual periods
MOJO Watch
Company's pace of selling inventory has slowed

Inventory Turnover Ratio