Modec Inc (JP:6269)
:6269
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Modec
(6269)
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Rating:62Neutral
Price Target:
¥14,405.00
▼(-4.41% Downside)
Action:DowngradedDate:02/18/26
The score is driven primarily by improved profitability and balance-sheet repair, tempered by volatility in revenue and a sharp 2025 free-cash-flow pullback. Technicals are moderately supportive over the medium/long term but not strong in the near term, while valuation is average with a low dividend yield.
Positive Factors
Balance-sheet repair
MODEC’s debt reduction and rising equity over 2023–2025 meaningfully improve financial flexibility. A repaired balance sheet lowers refinancing and covenant risk on capital-intensive FPSO projects, enables competitive bidding on new awards and cushions the company against cyclical offshore downturns.
Negative Factors
Volatile cash generation
Large swings in free cash flow driven by project timing and working-capital swings reduce cash predictability. This volatility constrains organic funding for capex, weakens ability to smooth distributions, and raises the risk that MODEC may need external financing or asset sales during troughs.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet repair
MODEC’s debt reduction and rising equity over 2023–2025 meaningfully improve financial flexibility. A repaired balance sheet lowers refinancing and covenant risk on capital-intensive FPSO projects, enables competitive bidding on new awards and cushions the company against cyclical offshore downturns.
Read all positive factors
Modec (6269) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.04T
Dividend Yield0.73%
Average Volume (3M)3.74M
Price to Earnings (P/E)2361.6
Beta (1Y)1.14
Revenue Growth10.13%
EPS Growth25.50%
CountryJP
Employees5,962
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)291.51
Shares Outstanding68,345,300
10 Day Avg. Volume2,347,940
30 Day Avg. Volume3,737,503
Financial Highlights & Ratios
PEG Ratio42.14
Price to Book (P/B)559.58
Price to Sales (P/S)185.93
P/FCF Ratio3.60K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)878.75
Revenue Forecast (FY)¥672.86B
Modec Business Overview & Revenue Model
Company Description
MODEC, Inc., a general contractor, engages in the engineering, procurement, construction, and installation of floating production systems worldwide. The company provides floating production storage and offloading vessels; floating storage and offl...
How the Company Makes Money
MODEC primarily makes money by delivering and operating floating offshore production assets for oil and gas companies under long-term contracts. Key revenue streams typically include: (1) Engineering, procurement, construction and installation (EP...
Modec Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
72
Positive
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.37B | 4.21B | 3.60B | 2.77B | 3.90B |
| Gross Profit | 533.31M | 394.81M | 251.88M | 69.01M | -225.36M |
| EBITDA | 328.14M | 208.75M | 105.59M | -12.04M | -305.44M |
| Net Income | 344.30M | 221.52M | 97.11M | 37.79M | -363.69M |
Balance Sheet | |||||
| Total Assets | 4.76B | 4.51B | 3.93B | 3.19B | 3.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.33B | 1.25B | 1.02B | 501.10M | 811.09M |
| Total Debt | 420.36M | 570.86M | 593.14M | 460.06M | 449.24M |
| Total Liabilities | 3.29B | 3.31B | 2.89B | 2.33B | 2.87B |
| Stockholders Equity | 1.45B | 1.18B | 1.00B | 825.61M | 533.17M |
Cash Flow | |||||
| Free Cash Flow | 225.94M | 528.59M | 480.88M | -218.80M | 117.38M |
| Operating Cash Flow | 232.95M | 540.42M | 488.38M | -211.82M | 145.43M |
| Investing Cash Flow | 5.28M | -157.65M | -211.62M | -54.09M | -210.68M |
| Financing Cash Flow | -185.42M | -139.93M | 242.39M | -53.25M | 254.07M |
Modec Technical Analysis
Positive
15070.00
Price Trends
14416.40
Positive
13973.18
Positive
10753.98
Positive
Market Momentum
326.65
Negative
55.93
Neutral
77.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6269, the sentiment is Positive. The current price of 15070 is above the 20-day moving average (MA) of 14459.25, above the 50-day MA of 14416.40, and above the 200-day MA of 10753.98, indicating a bullish trend. The MACD of 326.65 indicates Negative momentum. The RSI at 55.93 is Neutral, neither overbought nor oversold. The STOCH value of 77.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6269.
Modec Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥658.58B | 7.90 | 8.62% | 2.95% | 4.14% | 91.38% | |
78 Outperform | ¥5.60T | 9.45 | 8.54% | 2.91% | -11.79% | 18.12% | |
73 Outperform | ¥743.42B | 15.20 | ― | 3.93% | 2.57% | -4.79% | |
68 Neutral | ¥2.05T | 21.95 | 2.23% | 3.07% | -7.68% | -73.03% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | ¥1.04T | 2,361.65 | 24.31% | 0.73% | 10.13% | 25.50% | |
56 Neutral | ¥3.95T | 11.54 | -0.15% | 2.74% | -14.13% | 33.18% |
* Energy Sector Average
JP:6269
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Modec Corporate Events
Modec to Shift Head Office to Tokyo’s Marunouchi Business District
Feb 13, 2026
Modec, Inc. plans to relocate its head office to the Tekko Building in the Marunouchi district of Chiyoda-ku, Tokyo, pending shareholder approval of amendments to its Articles of Incorporation at the 40th Annual General Meeting in March 2026. The ...
MODEC Weighs Cutting Investment Unit to Broaden Investor Base
Feb 13, 2026
MODEC has outlined its view that reducing the minimum investment unit for its shares is an effective way to broaden its investor base and enhance liquidity in its stock. The company explicitly links a potential reduction in the trading lot size to...
MODEC Lifts Profit, Strengthens Balance Sheet and Raises Dividends on 2025 Results
Feb 13, 2026
MODEC reported solid growth for the year ended December 31, 2025, with revenue rising 9.4% to $4.58 billion and operating profit jumping 35.5% as profitability and margins improved. Profit attributable to owners of the parent climbed 63.6%, return...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.