Methode Electronics, Inc.
MEI
Market Cap$434.24M
Close$
Earnings Call Q3 2023
March 9, 2023 - AI Summary
Sales for the quarter were $280 million, down 4% compared to the prior year but up 4% excluding foreign exchange and spot buys.
The increase in sales was mainly due to higher sales in the Industrial segment driven by power distribution solutions for electric vehicles and data centers.
Methode has won over $120 million in annual program awards for EVs year-to-date and expects EV sales to represent 21% of full-year consolidated sales.
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$18.13
46.8% upside
Current Fair Value
46.8% upsideUndervalued by 46.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $434.24 Million |
|---|---|
| Enterprise Value | $642.64 Million |
| Dividend Yield | $0.5526 (4.5%) |
| Earnings per Share | $-1.63 |
| Beta | 1.09 |
| Outstanding Shares | 35,390,500 |
| Avg 30 Day Volume | 403,314 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | -7.5 |
|---|---|
| PEG | 4.74 |
| Price to Sales | 0.39 |
| Price to Book Ratio | 0.54 |
| Enterprise Value to Revenue | 0.56 |
| Enterprise Value to EBIT | 44.32 |
| Enterprise Value to Net Income | -12 |
| Total Debt to Enterprise | 0.52 |
| Debt to Equity | 0.4 |
Revenue Sources
No data
ESG Score
No data
About Methode Electronics, Inc.
CEO: Donald Duda