Meiko Electronics Co., Ltd. (6787) AI Stock Analysis

• Market Cap: ¥178.06B
• Dividend Yield: 1.16%
• Average Volume (3M): 187.19K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 1.65
• Revenue Growth: 15.24%
• EPS Growth: 35.69%
• Country: JP
• Employees: 11,912
• Sector: Technology
• Sector Strength: 87
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 89.10
• Shares Outstanding: 26,803,320
• 10 Day Avg. Volume: 204,740
• 30 Day Avg. Volume: 187,193
• PEG Ratio: -0.36
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -22.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥10,400.00
• Price Target Upside: 50.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: ¥7,823.00 ▲(13.05%Upside)

Meiko Electronics Co., Ltd.'s strong financial performance and positive technical indicators drive a solid overall stock score. The company's robust revenue growth and profitability, coupled with favorable market momentum, position it well within its industry. However, the reasonable valuation and negative free cash flow prompt some caution, highlighting the importance of managing capital expenditures for sustained success.

Meiko Electronics Co., Ltd. Business Overview & Revenue Model

Company Description

Meiko Electronics Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards (PCBs) and auxiliary electronics in Japan, rest of Asia, North America, Europe, and internationally. Its principal products include double-sided/multi-layer through-hole PCBs, HDI PCBs, flexible PCBs, flex-rigid PCBs, high electric current PCBs, heat dissipation PCBs, embedded devices PCBs, solder stencils, PCB testers, and imaging devices and systems. The company also provides circuit design and electronic manufacturing services. Its products have applications in the areas of automobiles, telecommunications, industrial devices, and amusement/home appliances. The company was formerly known as Meiko Denshi Kogyo Co., Ltd. and changed its name to Meiko Electronics Co., Ltd. in April 1991. Meiko Electronics Co., Ltd. was founded in 1975 and is headquartered in Ayase, Japan.

How the Company Makes Money

Meiko Electronics Co., Ltd. generates revenue primarily through the design, production, and sale of printed circuit boards (PCBs). The company offers a diverse range of PCB products, including multilayer boards, high-density interconnect (HDI) boards, and other specialized electronic components. Key revenue streams include sales to major industries such as automotive, telecommunications, and consumer electronics, where the demand for sophisticated electronic components is high. The company also benefits from strategic partnerships and collaborations with prominent global electronics manufacturers, enhancing its market reach and reinforcing its revenue base. Additionally, Meiko continuously invests in research and development to maintain its competitive edge and address the evolving needs of its clients, further driving its financial performance.

Meiko Electronics Co., Ltd. Financial Statement Overview

Summary

Meiko Electronics Co., Ltd. exhibits strong revenue growth and profitability, with improved margins. The balance sheet shows moderate leverage and solid returns on equity. However, negative free cash flow due to capital expenditure needs attention.

Income Statement

Meiko Electronics Co., Ltd. has shown strong revenue growth with a 15.23% increase from the previous year and consistent improvement in gross and net profit margins. The gross profit margin increased to 19.23%, and the net profit margin to 7.21%. EBIT and EBITDA margins also improved to 9.23% and 16.28%, respectively, indicating enhanced operational efficiency.

Balance Sheet

The company maintains a solid equity base with an equity ratio of 42.22%. However, the debt-to-equity ratio stands at 0.81, suggesting moderate leverage. Return on equity is impressive at 13.79%, reflecting effective use of shareholders' equity to generate profits.

Cash Flow

Operating cash flow remains robust at ¥21.66 billion, although free cash flow has turned negative. The operating cash flow to net income ratio is healthy, indicating strong cash generation relative to net earnings. However, the negative free cash flow highlights potential challenges in managing capital expenditures.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	197.68B	206.81B	179.46B	167.28B	151.28B	119.26B
Gross Profit	37.85B	39.78B	31.39B	26.02B	27.39B	17.52B
EBITDA	31.05B	33.67B	26.85B	21.83B	21.29B	13.82B
Net Income	16.19B	14.93B	11.31B	8.85B	11.45B	4.64B
Balance Sheet
Total Assets	268.26B	256.37B	229.96B	202.39B	168.33B	142.04B
Cash, Cash Equivalents and Short-Term Investments	32.31B	23.15B	21.60B	17.58B	10.70B	12.37B
Total Debt	94.39B	87.57B	79.26B	75.79B	67.00B	68.31B
Total Liabilities	148.30B	140.76B	124.50B	117.92B	109.64B	101.43B
Stockholders Equity	112.64B	108.24B	98.18B	77.32B	58.49B	40.42B
Cash Flow
Free Cash Flow	0.00	-2.74B	1.68B	-3.39B	2.00B	-2.10B
Operating Cash Flow	0.00	21.66B	23.36B	15.71B	13.97B	7.85B
Investing Cash Flow	0.00	-24.33B	-21.59B	-29.04B	-11.79B	-9.49B
Financing Cash Flow	0.00	4.14B	681.00M	19.96B	-4.73B	-618.00M

Meiko Electronics Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6920.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6787, the sentiment is Positive. The current price of 6920 is above the 20-day moving average (MA) of 6508.00, above the 50-day MA of 6260.00, and below the 200-day MA of 7136.24, indicating a neutral trend. The MACD of 188.57 indicates Negative momentum. The RSI at 62.43 is Neutral, neither overbought nor oversold. The STOCH value of 58.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6787.

Meiko Electronics Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6787	76 Outperform	¥178.06B	12.15		1.16%	15.24%	35.69%
Sector *	56 Neutral	$7.08B	5.28	-5.20%	5.56%	8.18%	-38.45%
JPAVF		$1.19B	15.31	8.79%	0.02%	―	―
6814	79 Outperform	¥118.28B	10.34		4.00%	10.54%	83.58%
6951	78 Outperform	¥221.54B	11.88		2.21%	12.83%	-13.96%
6957	73 Outperform	¥92.35B	24.07		2.49%	5.02%	-21.81%

Meiko Electronics Co., Ltd. Corporate Events

Meiko Electronics Evaluates FASF Membership Status

Meiko Electronics Co., Ltd. announced that as of March 31, 2025, it is not a member of the Financial Accounting Standards Foundation (FASF). Despite this, the company has established a robust system to stay updated with accounting standards through close collaboration with auditing firms and participation in seminars. Meiko continues to evaluate its stance on FASF membership, considering future changes in accounting standards.

The most recent analyst rating on (JP:6787) stock is a Buy with a Yen10400.00 price target. To see the full list of analyst forecasts on Meiko Electronics Co., Ltd. stock, see the JP:6787 Stock Forecast page.

Meiko Electronics Announces Increased Year-End Dividend

Meiko Electronics Co., Ltd. has announced a resolution by its Board of Directors to pay a year-end dividend from surplus for the fiscal year ending March 31, 2025. The dividend per common share is set at 48.00 yen, reflecting an increase from the previous year’s 41.00 yen, demonstrating the company’s commitment to shareholder returns and financial stability.

The most recent analyst rating on (JP:6787) stock is a Buy with a Yen10400.00 price target. To see the full list of analyst forecasts on Meiko Electronics Co., Ltd. stock, see the JP:6787 Stock Forecast page.

Meiko Electronics Reports Strong Financial Growth and Increased Dividends

Meiko Electronics Co., Ltd. reported a significant increase in its financial performance for the fiscal year ended March 31, 2025, with net sales rising by 15.2% and operating profit surging by 63.7% compared to the previous year. The company also announced an increase in annual dividends per share, reflecting its strong financial position and commitment to shareholder returns.

The most recent analyst rating on (JP:6787) stock is a Buy with a Yen10400.00 price target. To see the full list of analyst forecasts on Meiko Electronics Co., Ltd. stock, see the JP:6787 Stock Forecast page.

Meiko Electronics Plans to Enhance Share Liquidity

Meiko Electronics Co., Ltd. has announced its intention to reduce its investment unit to less than 500,000 yen to improve share liquidity and attract a broader range of investors. The company will consider various factors such as market trends and corporate value before implementing specific measures, although no specific actions like stock splits have been determined yet.