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

• Market Cap: ¥259.89B
• Dividend Yield: 0.76%
• Average Volume (3M): 135.33K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 1.65
• Revenue Growth: 15.02%
• EPS Growth: 46.62%
• Country: JP
• Employees: 11,912
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 216.03
• Shares Outstanding: 26,803,320
• 10 Day Avg. Volume: 124,390
• 30 Day Avg. Volume: 135,333
• PEG Ratio: 0.36
• Price to Book (P/B): 1.62
• Price to Sales (P/S): 0.85
• P/FCF Ratio: -63.97
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥12,859.00 ▲(20.07% Upside)

Meiko Electronics Co., Ltd. scores well due to strong financial performance and positive technical indicators. The company's robust revenue growth and profitability, combined with bullish market momentum, are key strengths. However, the low dividend yield and negative free cash flow are areas of concern.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates a robust demand for its products, enhancing its market position and supporting long-term financial stability.

Profit Margin Improvement

Improved profit margins reflect enhanced operational efficiency, which can lead to better profitability and competitive pricing strategies over time.

Cash Flow Generation

Strong operating cash flow indicates effective cash management and the ability to fund operations and growth initiatives without relying heavily on external financing.

Negative Factors

Negative Free Cash Flow

Negative free cash flow suggests potential challenges in managing capital expenditures, which could impact future investments and financial flexibility.

Moderate Leverage

Moderate leverage indicates a reliance on debt, which could pose risks if not managed properly, especially in volatile market conditions.

Low Dividend Yield

A low dividend yield might not attract income-focused investors, potentially limiting the investor base and affecting stock demand.

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 generates revenue primarily through the production and sale of printed circuit boards (PCBs) to various industries, including automotive, telecommunications, and consumer electronics. The company's revenue model is largely driven by custom PCB manufacturing services, which involve working closely with clients to develop tailored solutions that meet specific design and performance requirements. In addition to PCB sales, Meiko also benefits from long-term contracts with major clients, ensuring a steady stream of income. Partnerships with key players in the electronics supply chain further enhance its market position, allowing the company to leverage collaborative opportunities and access new markets, ultimately contributing to its financial stability and growth.

Meiko Electronics Co., Ltd. Financial Statement Overview

Summary

Meiko Electronics Co., Ltd. demonstrates strong financial health with impressive revenue growth and profitability. The balance sheet suggests moderate leverage with solid returns on equity. Cash flow generation is robust, though negative free cash flow warrants attention. The company is well-positioned within the Hardware, Equipment & Parts industry, but should monitor capital expenditures to ensure sustained financial strength.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	212.87B	206.81B	179.46B	167.28B	151.28B	119.26B
Gross Profit	42.93B	39.78B	31.39B	26.02B	27.39B	17.52B
EBITDA	33.76B	33.67B	26.85B	21.83B	21.29B	13.82B
Net Income	15.64B	14.93B	11.31B	8.85B	11.45B	4.64B
Balance Sheet
Total Assets	280.37B	256.37B	229.96B	202.39B	168.33B	142.04B
Cash, Cash Equivalents and Short-Term Investments	33.64B	23.15B	21.60B	17.58B	10.70B	12.37B
Total Debt	113.34B	87.57B	79.26B	75.79B	67.00B	68.31B
Total Liabilities	166.06B	140.76B	124.50B	117.92B	109.64B	101.43B
Stockholders Equity	106.90B	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: Neutral
• Last Price: 10710.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6787, the sentiment is Neutral. The current price of 10710 is below the 20-day moving average (MA) of 10818.50, above the 50-day MA of 10578.20, and above the 200-day MA of 8267.06, indicating a neutral trend. The MACD of -92.39 indicates Positive momentum. The RSI at 36.41 is Neutral, neither overbought nor oversold. The STOCH value of 17.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	¥259.89B	14.41	―	0.76%	15.02%	46.62%
6814	76 Outperform	¥266.84B	16.47	―	1.88%	6.56%	106.55%
6957	75 Outperform	¥109.98B	33.78	―	2.12%	3.95%	-32.30%
6951	65 Neutral	¥262.65B	14.95	―	2.04%	-0.69%	-29.88%
6807	64 Neutral	¥173.66B	21.01	5.91%	2.39%	-3.24%	-25.21%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Meiko Electronics Co., Ltd. Corporate Events

Meiko Electronics FY2025 Q2 Financial Results Highlight Industry Challenges

Meiko Electronics Co., Ltd. has released its financial results for the second quarter of FY2025, highlighting the challenges and uncertainties faced by the printed circuit board sector. The announcement underscores the impact of various external factors such as raw material prices, market conditions, and international conflicts on the company’s performance, signaling potential implications for stakeholders.

The most recent analyst rating on (JP:6787) stock is a Hold with a Yen9830.00 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 Dividend Forecast

Meiko Electronics Co., Ltd. reported a significant increase in its financial performance for the six months ending September 30, 2025, with net sales rising by 13.6% and profit attributable to owners of the parent increasing by 48.3% compared to the previous year. The company also announced an increase in its annual dividend forecast, reflecting its strong financial health and commitment to providing shareholder value.

The most recent analyst rating on (JP:6787) stock is a Buy with a Yen10520.00 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 Declares Interim Dividend Reflecting Strong Shareholder Commitment

Meiko Electronics Co., Ltd. announced an interim dividend payment of 45 yen per share, with a total annual dividend forecast of 90 yen per share, reflecting its commitment to returning profits to shareholders based on business performance. The decision, approved by the Board of Directors, also includes a dividend for first bond-type shares, highlighting Meiko’s strategic approach to shareholder value.

The most recent analyst rating on (JP:6787) stock is a Buy with a Yen10520.00 price target. To see the full list of analyst forecasts on Meiko Electronics Co., Ltd. stock, see the JP:6787 Stock Forecast page.