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Methode Electronics, Inc is an electronic components business based in the US. Methode Electronics shares (MEI) are listed on the NYSE and all prices are listed in US Dollars. Methode Electronics employs 6,044 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$23.76 - $46.90|
|50-day moving average||$43.83|
|200-day moving average||$38.37|
|Wall St. target price||$48.00|
|Dividend yield||$0.44 (1.01%)|
|Earnings per share (TTM)||$3.18|
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Valuing Methode Electronics stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Methode Electronics's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Methode Electronics's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Methode Electronics shares trade at around 14x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Methode Electronics's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.16. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Methode Electronics's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Methode Electronics's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $196.4 million.
The EBITDA is a measure of a Methode Electronics's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$997.6 million|
|Operating margin TTM||14.63%|
|Gross profit TTM||$283.5 million|
|Return on assets TTM||6.69%|
|Return on equity TTM||14.52%|
|Market capitalisation||$1.7 billion|
TTM: trailing 12 months
There are currently 463,231 Methode Electronics shares held short by investors – that's known as Methode Electronics's "short interest". This figure is 8.9% down from 508,299 last month.
There are a few different ways that this level of interest in shorting Methode Electronics shares can be evaluated.
Methode Electronics's "short interest ratio" (SIR) is the quantity of Methode Electronics shares currently shorted divided by the average quantity of Methode Electronics shares traded daily (recently around 241266.14583333). Methode Electronics's SIR currently stands at 1.92. In other words for every 100,000 Methode Electronics shares traded daily on the market, roughly 1920 shares are currently held short.
However Methode Electronics's short interest can also be evaluated against the total number of Methode Electronics shares, or, against the total number of tradable Methode Electronics shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Methode Electronics's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Methode Electronics shares in existence, roughly 10 shares are currently held short) or 0.0164% of the tradable shares (for every 100,000 tradable Methode Electronics shares, roughly 16 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Methode Electronics.
Find out more about how you can short Methode Electronics stock.
Dividend payout ratio: 13.88% of net profits
Recently Methode Electronics has paid out, on average, around 13.88% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.01% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Methode Electronics shareholders could enjoy a 1.01% return on their shares, in the form of dividend payments. In Methode Electronics's case, that would currently equate to about $0.44 per share.
While Methode Electronics's payout ratio might seem low, this can signify that Methode Electronics is investing more in its future growth.
Methode Electronics's most recent dividend payout was on 29 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 14 April 2021 (the "ex-dividend date").
Methode Electronics's shares were split on a 10000:3742 basis on 29 April 2001. So if you had owned 3742 shares the day before before the split, the next day you'd have owned 10000 shares. This wouldn't directly have changed the overall worth of your Methode Electronics shares – just the quantity. However, indirectly, the new 62.6% lower share price could have impacted the market appetite for Methode Electronics shares which in turn could have impacted Methode Electronics's share price.
Over the last 12 months, Methode Electronics's shares have ranged in value from as little as $23.76 up to $46.895. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Methode Electronics's is 1.2592. This would suggest that Methode Electronics's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Methode Electronics, Inc. designs, manufactures, and markets component and subsystem devices worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers. Its products include integrated center consoles, hidden switches, ergonomic switches, transmission lead-frames, and LED-based lighting and sensors, which incorporate magneto-elastic sensing and other technologies that monitor the operation or status of a component or system. The Industrial segment manufactures external lighting solutions; industrial safety radio remote controls; braided flexible cables; current-carrying laminated busbars and devices; custom power-product assemblies, such as PowerRail solution; high-current low-voltage flexible power cabling systems; and powder-coated busbars that are used in various markets and applications comprising aerospace, commercial vehicles, computers, industrial, power conversion, military, telecommunications, and transportation. The Interface segment provides various copper and fiber-optic interface, and interface solutions for the appliance, commercial food service, construction, consumer, material handling, point-of-sale, and telecommunications markets.
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