Methode Electronics, Inc. (MEI): Price and Financial Metrics
Methode Electronics, Inc. (MEI)
Today's Latest Price: $26.12 USD
Updated Mar 30 1:15pm
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POWR Components:
Trade Grade Buy & Hold Grade Peer Grade Industry Rank
Industry Rank:
Ranked of 35 in Technology - Electronics
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MEI Stock Summary
- MEI's went public 30.04 years ago, making it older than 87.86% of listed US stocks we're tracking.
- With a year-over-year growth in debt of -5.94%, Methode Electronics Inc's debt growth rate surpasses just 24.76% of about US stocks.
- In terms of twelve month growth in earnings before interest and taxes, Methode Electronics Inc is reporting a growth rate of 36.49%; that's higher than 77.67% of US stocks.
- If you're looking for stocks that are quantitatively similar to Methode Electronics Inc, a group of peers worth examining would be REGI, MBUU, WDR, NP, and KMT.
- Visit MEI's SEC page to see the company's official filings. To visit the company's web site, go to www.methode.com.
MEI Stock Price Chart More Charts
MEI Price/Volume Stats
| Current price | $26.12 | 52-week high | $41.70 |
| Prev. close | $25.79 | 52-week low | $21.76 |
| Day low | $25.00 | Volume | 83,384 |
| Day high | $26.20 | Avg. volume | 216,772 |
| 50-day MA | $31.30 | Dividend yield | 1.71% |
| 200-day MA | $32.76 | Market Cap | 968.82M |
Methode Electronics, Inc. (MEI) Company Bio
Methode Electronics, Inc. designs, manufactures, and markets component and subsystem devices in the United States and internationally. The company operates through Automotive, Interface, Power Products, and Other segments. The company was founded in 1946 and is based in Chicago, Illinois.
MEI Price Forecast Based on DCF Valuation
| Current Price | DCF Fair Value Target: | Forecasted Gain: |
| $26.12 | $31.21 | 21% |
Below please find a table outlining a discounted cash flow forecast for MEI, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Methode Electronics Inc ranked in the 46th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 21.67%. The most interesting components of our discounted cash flow analysis for Methode Electronics Inc ended up being:
- MEI's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 25.76% of tickers in our DCF set.
- Methode Electronics Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 13.27. This coverage rate is greater than that of 78.81% of stocks we're observing for the purpose of forecasting via discounted cash flows.
- The weighted average cost of capital for the company is 7. This value is greater than only 10.89% stocks in the Technology sector that generate free cash flow.
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | 19% |
| 1% | 20% |
| 2% | 21% |
| 3% | 22% |
| 4% | 23% |
| 5% | 25% |
NVDA, NVT, NXPI, TEAM, and ICHR can be thought of as valuation peers to MEI, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
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