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How to buy Methode Electronics (MEI) stocks in Canada

Learn how to easily invest in Methode Electronics stocks.

Methode Electronics is an electronic components business based in the US. Methode Electronics stocks (MEI.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $46.68 – an increase of 2.7% over the previous week. Methode Electronics employs 7,200 staff and has a trailing 12-month revenue of around $1.2 billion.

How to buy stocks in Methode Electronics

  1. Compare stock trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – MEI – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Methode Electronics stock price (NYSE:MEI)

Use our graph to track the performance of MEI stocks over time.

Methode Electronics shares at a glance

Information last updated 2022-05-13.
Latest market close$44.81
52-week range$40.54 - $49.63
50-day moving average $43.63
200-day moving average $44.94
Wall St. target price$56.00
PE ratio 14.2582
Dividend yield $0.53 (1.3%)
Earnings per share (TTM) $3.06

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Is it a good time to buy Methode Electronics stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Methode Electronics price performance over time

Historical closes compared with the close of $44.81 from 2022-05-18

1 week (2022-05-12) 2.70%
1 month (2022-04-18) -0.84%
3 months (2022-02-18) -5.14%
6 months (2021-11-19) -5.44%
1 year (2021-05-19) -3.49%
2 years (2020-05-19) 56.19%
3 years (2019-05-17) 63.18%
5 years (2017-05-19) 16.09%

Is Methode Electronics under- or over-valued?

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 P/E ratio

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 PEG ratio

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

Methode Electronics's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $189.3 million.

The EBITDA is a measure of a Methode Electronics's overall financial performance and is widely used to measure a its profitability.

Methode Electronics financials

Revenue TTM $1.2 billion
Operating margin TTM 11.6%
Gross profit TTM $278.9 million
Return on assets TTM 5.97%
Return on equity TTM 12.91%
Profit margin 9.96%
Book value $24.81
Market capitalisation $1.6 billion

TTM: trailing 12 months

Methode Electronics share dividends

18%

Dividend payout ratio: 18.24% of net profits

Recently Methode Electronics has paid out, on average, around 18.24% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.3% 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 1.3% return on their shares, in the form of dividend payments. In Methode Electronics's case, that would currently equate to about $0.53 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 2022. The latest dividend was paid out to all shareholders who bought their shares by 13 April 2022 (the "ex-dividend date").

Have Methode Electronics's shares ever split?

Methode Electronics's shares were split on a 10000:3742 basis on 30 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.

Methode Electronics share price volatility

Over the last 12 months, Methode Electronics's shares have ranged in value from as little as $40.5443 up to $49.6344. A popular way to gauge a stock's volatility is its "beta".

MEI.US volatility(beta: 1.19)Avg. volatility(beta: 1.00)LowHigh

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 1.1868. This would suggest that Methode Electronics's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Methode Electronics overview

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 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 based transceivers and related accessories for the cloud computing hardware equipment and telecommunications broadband equipment markets; user interface solutions for the appliance, commercial food service, and point-of-sale equipment markets; and luid-level sensors for the marine/recreational vehicle and sump pump markets.

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