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Meiko Electronics Co (MKOEF) Fair Value & Analysis

Technology · US · Market cap $669M

ME Meiko Electronics Co logo Meiko Electronics Co MKOEF · US
Price$141.22
Fair Value$82.83
Upside-41.4%
Quality50/100
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Expensive Growth
Thin margins · 8.2% net margin
Low debt · negative free cash flow
1.59% dividend yield
Ranks above peers (11/13)
Moderate moat 50/100
Evidence: Medium Range $57.98 – $107.69 Share as image

Fair value as of: Aug 10, 2026

From 15 valuation models · updated today

Fair value updated Aug 10, 2026, revised from $81.52 to $82.83 (+1.6%) since Jul 17, 2026. Share price +442.1% over the past month.

A solid business, but screening 41% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($107.69). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($57.98 to $107.69) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

$141.22 $20.76 Fair Value $82.83 Nov 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.

How to read this chart

33‑month range $20.76 – $141.22 · fair‑value band $57.98 – $107.69 · the $141.22 price screens above the $82.83 fair value. Dashed = 300-day average. As of Aug 10, 2026.

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Analysis

Meiko Electronics Co (MKOEF) currently trades at $141.22, while our model-based Fair Value estimate is $82.83, implying the stock looks roughly 41.4% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Meiko Electronics Co generated revenue of $241B at a net margin of 8.2%. Revenue grew 24.5% year over year. It earns a return on equity of 15.4%. Net debt stands at $63.6B. Fundamentals as of Aug 10, 2026

Our scenario range runs from $57.98 (bear case) to $107.69 (bull case); at $141.22, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -41%, MKOEF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $25.29 $29.05 $50.83 76
ROIC Compounder $26.77 $33.02 $41.62 72
Growth-Adj P/E $57.98 $82.83 $107.68 68
All 15 models by family
DCF Models
Owner Earnings $4.71 $9.81 $17.66 31
Earnings-Based
Graham-Dodd $24.91 $117.04 $160.90 54
Lynch FV $31.00 $44.29 $57.57 50
PEG = 1.0 $31.00 $44.29 $57.57 46
EPV $26.77 $30.80 $34.17 59
Multiples
P/E Multiple $76.92 $102.56 $128.20 63
P/S Multiple $46.70 $62.27 $77.84 58
P/B Multiple $46.70 $62.27 $77.84 55
EV/EBIT $81.47 $109.58 $137.68 53
EV/EBITDA $101.95 $136.88 $171.81 54
EV/Revenue $39.79 $58.05 $76.32 43
Asset-Based
NCAV (Graham) $14.19 $19.01 $28.37 50
Economic Profit
Residual Income $25.29 $29.05 $50.83 76
ROIC Compounder $26.77 $33.02 $41.62 72
Growth Earnings
Growth-Adj P/E $57.98 $82.83 $107.68 68

Widest divergence: Growth Earnings ($82.83) versus DCF Models ($9.81). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $241B
Revenue growth (YoY) +24.5%
Net margin 8.2%
Return on equity 15.4%
Free cash flow −$2.9B FY2025
P/E ratio 12.8
More key figures
Operating margin 10.3%
EPS (TTM) $2.03
Dividend yield 1.6%
EPS growth (YoY) +129%
Net debt $63.6B FY2025

Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 66

Profitability 44
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 7
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Meiko Electronics Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards (PCBs) and auxiliary electronics in Japan, China, Vietnam, the rest of Asia, North America, Europe, and internationally.

Full company description

Meiko Electronics Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards (PCBs) and auxiliary electronics in Japan, China, Vietnam, the rest of Asia, North America, Europe, and internationally. Its products portfolio includes double-sided/multi-layer PCBs, HDI PCBs, flexible PCBs, rigid-flex PCBs, high electric current PCBs, embedded devices PCBs, any layer PCBs, heavy copper PCBs, metal base heat dissipation PCBs, frequency millimeter-wave PCBs, copper inlay PCBs, and electric current PCBs, as well as PCB testers. The company also offers solder stencils, and imaging devices and systems; and circuit design and electronic manufacturing services. Its products have applications in various industries, including automotive, telecommunications, industrial and medical equipment, amusement, and home appliances. Meiko Electronics Co., Ltd. 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 incorporated in 1975 and is based in Ayase, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Meiko Electronics Co reported revenue of ¥207B in FY2025 versus ¥119B in FY2021, a compound +14.8%/yr. Reported net income was ¥14.9B in FY2025, compounding +33.9%/yr from FY2021.

Growth Quality 60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$207B
Latest YoY
+15.2%
Avg. growth/yr (3Y)
+11.0%
Avg. growth/yr (5Y)
+12.4%
Revenue +14.8%/yr
FY21 ¥119B
FY22 ¥151B
FY23 ¥167B
FY24 ¥179B
FY25 ¥207B
Net income +33.9%/yr
FY21 ¥4.6B
FY22 ¥11.5B
FY23 ¥8.8B
FY24 ¥11.3B
FY25 ¥14.9B

MKOEF screens 41% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Meiko Electronics Co Fair Value". https://www.fairvalue-calculator.com/stock/MKOEF

Peer Group

Electronic Components · 626 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Below median
Fair Value upside −41% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 25% · Top 25%
Dividend yield (TTM) 1.6% · Above median
Debt / equity 0.30× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 12.8× · Cheaper than 75% of peers
P/B 0.92× · Cheaper than 75% of peers
P/S (TTM) 0.44× · Cheaper than median
EV/EBITDA 3.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 32
PAST 62 · sector 24
HEALTH 85 · sector 95
DIVIDEND 32 · sector 25

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Meiko Electronics Co (MKOEF) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of $82.83 versus a price of $141.22, about −41% (overvalued).
What is the fair value of MKOEF?
Our model-based fair value for Meiko Electronics Co is $82.83 (as of Aug 10, 2026), built from audited fundamentals. The current price is $141.22.
What is the quality score of MKOEF?
Meiko Electronics Co has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Meiko Electronics Co (MKOEF)?
Meiko Electronics Co reported trailing-twelve-month revenue of about $241B (latest available figure, as of Aug 10, 2026).
What is the net profit margin of MKOEF?
The net profit margin of Meiko Electronics Co is about 8.2%, meaning it keeps roughly 8.2% of revenue as net income. Based on the latest reported figures.
Does Meiko Electronics Co pay a dividend?
Meiko Electronics Co currently shows a dividend yield of about 1.59% relative to its recent price (as of Aug 10, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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