MEI - Methode Electronics Inc Stock Price, Fair Value and News

12.28USD+0.22 (+1.82%)Market Closed

Market Summary

USD12.28+0.22

Market Closed

1.82%

MEI Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

MEI Stock Price

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MEI RSI Chart

MEI Valuation

Market Cap

426.8M

Price/Earnings (Trailing)

-7.37

Price/Sales (Trailing)

0.37

EV/EBITDA

-42.91

Price/Free Cashflow

22.11

MEI Price/Sales (Trailing)

MEI Profitability

EBT Margin

-5.02%

Return on Equity

-6.93%

Return on Assets

-3.88%

Free Cashflow Yield

4.52%

MEI Fundamentals

MEI Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

-7.35%

Rev. Growth (Qtr)

-9.9%

MEI Earnings

Earnings (TTM)

-57.9M

Earnings Growth (Yr)

-158.29%

Earnings Growth (Qtr)

79.02%

Breaking Down MEI Revenue

Last 7 days

-1.3%

Last 30 days

0.3%

Last 90 days

-42.6%

Trailing 12 Months

-70.8%

How does MEI drawdown profile look like?

MEI Financial Health

Current Ratio

2.74

Debt/Equity

0.4

Debt/Cashflow

0.22

MEI Investor Care

Dividend Yield

4.64%

Dividend/Share (TTM)

0.56

Buy Backs (1Y)

1.65%

Diluted EPS (TTM)

-1.63

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	1.1B	0	0	0
2023	1.2B	1.2B	1.2B	1.2B
2022	1.2B	1.2B	1.2B	1.2B
2021	997.6M	1.1B	1.2B	1.2B
2020	1.1B	1.0B	944.6M	988.2M
2019	983.3M	1.0B	1.0B	1.0B
2018	879.0M	908.3M	930.5M	964.4M
2017	809.6M	816.5M	825.8M	846.6M
2016	823.6M	809.1M	797.7M	798.6M
2015	878.6M	881.1M	866.3M	845.0M
2014	696.4M	772.8M	823.6M	862.4M
2013	497.8M	519.8M	568.4M	629.6M
2012	458.1M	465.1M	473.0M	486.8M
2011	415.6M	428.2M	440.0M	448.2M
2010	0	377.6M	390.3M	402.9M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Methode Electronics Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jan 29, 2024	avula avinash	acquired	-	-	144,877	chief executive officer
Jan 26, 2024	aspatore walter j	acquired	1,580	21.28	74.26	-
Jan 26, 2024	cadwallader brian j	acquired	1,580	21.28	74.26	-
Jan 26, 2024	goddard janie	acquired	1,151	21.28	54.09	-
Jan 26, 2024	lindsey mary a	acquired	1,580	21.28	74.26	-
Jan 26, 2024	dawson darren	acquired	1,580	21.28	74.26	-
Jan 26, 2024	schwabero mark d	acquired	1,580	21.28	74.26	-
Jan 26, 2024	bobek therese m	acquired	1,580	21.28	74.26	-
Oct 27, 2023	schwabero mark d	acquired	1,570	22.71	69.15	-
Oct 27, 2023	goddard janie	acquired	1,144	22.71	50.38	-

Which funds bought or sold MEI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-2.22	-194,772	214,368	-%
Apr 23, 2024	FIFTH THIRD BANCORP	added	29.27	-2,005	4,519	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-13.94	-167,000	142,000	-%
Apr 22, 2024	QV Investors Inc.	sold off	-100	-143,000	-	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	-2,255	427,279	-%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-2.11	-239,000	264,000	-%
Apr 19, 2024	Maryland State Retirement & Pension System	sold off	-100	-301,491	-	-%
Apr 18, 2024	SJS Investment Consulting Inc.	new	-	2,583	2,583	-%
Apr 18, 2024	Aviance Capital Partners, LLC	added	13.48	-237,439	368,422	0.06%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-263	305	-%

Are Funds Buying or Selling MEI?

Are funds buying MEI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MEI

No. of Funds

Unveiling Methode Electronics Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	13.06%	4,648,611	SC 13G/A
Feb 09, 2024	massachusetts financial services co /ma/	2.3%	814,220	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.4%	1,914,049	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 22, 2024	blackrock inc.	16.7%	5,936,198	SC 13G/A
Jul 10, 2023	earnest partners llc	4.5%	1,676,404	SC 13G/A
May 10, 2023	fmr llc	-	0	SC 13G/A
Feb 14, 2023	earnest partners llc	5.7%	2,060,715	SC 13G
Feb 10, 2023	dimensional fund advisors lp	6.2%	2,237,865	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A

Recent SEC filings of Methode Electronics Inc

View All Filings

Date Filed	Form Type	Document
Apr 08, 2024	8-K	Current Report
Mar 07, 2024	10-Q	Quarterly Report
Mar 07, 2024	8-K	Current Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 09, 2024	SC 13G/A	Major Ownership Report
Feb 09, 2024	SC 13G/A	Major Ownership Report
Feb 09, 2024	SC 13G/A	Major Ownership Report
Jan 30, 2024	4	Insider Trading
Jan 30, 2024	3	Insider Trading
Jan 30, 2024	4	Insider Trading

Methode Electronics Inc News

Latest updates

Methode Electronics Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-9.9%	260	288	290	301	280	316	282	289	292	296	288	301	295	301	191	211	286	257	270	266	247
Gross Profit	-29.3%	37.00	52.00	54.00	63.00	65.00	74.00	62.00	55.00	69.00	69.00	72.00	76.00	73.00	81.00	45.00	59.00	79.00	69.00	76.00	71.00	64.00
S&GA Expenses	-17.1%	34.00	41.00	45.00	50.00	33.00	37.00	35.00	36.00	35.00	31.00	33.00	37.00	32.00	31.00	27.00	18.00	33.00	33.00	32.00	33.00	33.00
EBITDA Margin	-174.2%	-0.01*	0.02*	0.09*	0.12*	0.13*	0.14*	0.14*	0.14*	0.16*	0.16*	0.17*	0.17*	-	-	-	-	-	-	-	-	-
Interest Expenses	-13.6%	-5.00	-4.40	-2.80	-1.40	-0.80	-0.50	-	-0.60	-0.70	-1.10	-1.10	-0.90	-1.30	-1.40	-1.60	-2.10	-2.40	-2.70	-2.90	-3.30	-3.20
Income Taxes	650.0%	1.00	-0.20	0.00	-0.30	3.00	6.00	4.00	1.00	4.00	6.00	6.00	6.00	5.00	8.00	-5.10	10.00	3.00	5.00	7.00	8.00	-3.00
Earnings Before Taxes	81.1%	-10.50	-55.50	1.00	8.00	23.00	33.00	26.00	17.00	34.00	33.00	35.00	37.00	37.00	46.00	16.00	40.00	44.00	29.00	36.00	30.00	28.00
EBT Margin	-145.7%	-0.05*	-0.02*	0.05*	0.08*	0.09*	0.09*	0.09*	0.10*	0.12*	0.12*	0.13*	0.12*	-	-	-	-	-	-	-	-	-
Net Income	79.0%	-11.60	-55.30	1.00	8.00	20.00	28.00	22.00	16.00	29.00	28.00	29.00	31.00	32.00	39.00	21.00	30.00	41.00	24.00	28.00	23.00	31.00
Net Income Margin	-123.3%	-0.05*	-0.02*	0.05*	0.07*	0.07*	0.08*	0.08*	0.09*	0.10*	0.10*	0.11*	0.11*	-	-	-	-	-	-	-	-	-
Free Cashflow	208.0%	12.00	-11.30	-19.40	38.00	43.00	7.00	3.00	34.00	12.00	22.00	-6.20	31.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.4%	1,492	1,485	1,574	1,579	1,429	1,394	1,390	1,389	1,411	1,431	1,459	1,467	1,445	1,489	1,418	1,371	1,282	1,283	1,269	1,232	1,226
Current Assets	-1.1%	630	637	658	664	671	658	639	629	640	643	661	674	645	682	598	566	464	465	461	454	446
Cash Equivalents	0.3%	123	123	148	157	165	130	152	172	153	177	208	233	219	242	211	217	80.00	96.00	74.00	83.00	74.00
Inventory	10.9%	204	184	176	160	175	173	174	159	167	149	142	124	124	121	124	131	126	134	122	117	124
Net PPE	3.5%	233	225	225	220	201	190	195	197	201	207	215	204	205	203	209	202	199	198	196	192	189
Goodwill	-0.1%	220	221	303	302	233	231	233	233	234	235	235	236	235	233	233	232	233	234	233	233	237
Liabilities	2.6%	657	640	642	626	486	496	479	475	495	511	525	549	547	638	604	587	509	550	555	542	552
Current Liabilities	5.3%	230	218	208	228	191	213	196	189	204	208	204	223	209	199	160	144	164	184	181	181	176
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16.00	15.00
Long Term Debt	0.6%	331	329	336	304	201	191	194	198	202	208	221	225	229	332	334	337	242	260	268	277	288
LT Debt, Current	-93.3%	0.00	3.00	3.00	3.00	1.00	13.00	13.00	13.00	13.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	16.00	-
LT Debt, Non Current	0.6%	331	329	336	304	201	191	194	198	202	208	221	225	229	332	334	337	242	260	268	277	-
Shareholder's Equity	-1.2%	835	845	931	942	943	899	911	914	916	920	934	918	898	851	814	783	773	733	714	690	674
Retained Earnings	-2.8%	678	697	765	773	778	771	768	764	753	750	762	746	727	699	665	652	626	589	569	545	527
Additional Paid-In Capital	-1.1%	182	184	183	181	179	175	172	169	166	164	161	158	154	153	152	151	156	154	153	150	148
Accumulated Depreciation	-	350	-	-	336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	280
Shares Outstanding	-	35.00	-	-	-	36.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37.00
Float	-	-	-	-	-	-	1,000	-	-	-	1,100	-	-	-	800	-	-	-	900	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	4900.0%	28,800	-600	-5,600	49,000	55,700	15,400	12,700	42,000	20,100	27,000	9,700	36,000	87,100	40,300	16,400	58,000	14,800	48,700	19,100	37,700	28,100
Share Based Compensation	-261.5%	-2,100	1,300	2,600	2,100	2,700	2,700	4,000	2,600	2,600	2,600	4,000	2,500	2,400	1,000	900	-5,300	1,600	1,500	2,500	2,300	800
Cashflow From Investing	-96.5%	-16,700	-8,500	-13,800	-125,800	-12,800	-4,900	-9,600	-8,400	-8,300	-5,300	-15,400	-4,800	-4,800	-3,600	-11,600	-10,100	-8,200	-13,000	-13,200	-12,500	-8,800
Cashflow From Financing	-59.4%	-16,900	-10,600	12,500	66,800	-14,900	-27,900	-20,800	-10,800	-34,100	-51,400	-18,300	-15,100	-108,600	-6,200	-13,000	91,400	-23,000	-12,300	-14,400	-14,900	-58,800
Dividend Payments	2.1%	4,900	4,800	5,300	4,900	5,000	4,900	5,000	5,000	5,100	5,100	5,200	4,200	4,100	4,100	5,000	4,100	4,000	4,100	4,100	3,600	4,100
Buy Backs	-61.5%	3,000	7,800	-	8,500	8,000	19,700	11,900	300	21,300	34,800	8,400	-	-	-	-	-	-	-	-	-	-

MEI Income Statement

2024-01-27

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 27, 2024	Jan. 28, 2023	Jan. 27, 2024	Jan. 28, 2023
Income Statement [Abstract]
Net sales	$ 259.5	$ 280.1	$ 837.2	$ 878.4
Cost of products sold	222.5	215.2	693.9	677.6
Gross profit	37.0	64.9	143.3	200.8
Selling and administrative expenses	33.9	32.9	119.3	104.8
Goodwill impairment	0.0		56.5
Amortization of intangibles	6.1	4.7	18.0	14.1
(Loss) income from operations	(3.0)	27.3	(50.5)	81.9
Interest expense, net	5.0	0.8	12.2	1.3
Other expense (income), net	2.5	3.5	2.3	(1.7)
Pre-tax (loss) income	(10.5)	23.0	(65.0)	82.3
Income tax expense	1.1	3.1	1.0	13.3
Net (loss) income	(11.6)	19.9	(66.0)	69.0
Net (loss) income attributable to Methode	$ (11.6)	$ 19.9	$ (66.0)	$ 69.0
(Loss) income per share attributable to Methode:
Basic	$ (0.33)	$ 0.56	$ (1.86)	$ 1.91
Diluted	(0.33)	0.54	(1.86)	1.87
Cash dividends per share	$ 0.14	$ 0.14	$ 0.42	$ 0.42

MEI Balance Sheet

2024-01-27

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jan. 27, 2024	Apr. 29, 2023
Current assets:
Cash and cash equivalents	$ 122.9	$ 157.0
Accounts receivable, net	265.3	314.3
Inventories	204.0	159.7
Income tax receivable	18.6	12.9
Prepaid expenses and other current assets	19.0	20.5
Total current assets	629.8	664.4
Long-term assets:
Property, plant and equipment, net	232.5	220.3
Goodwill	220.4	301.9
Other intangible assets, net	264.3	256.7
Operating lease right-of-use assets, net	25.9	28.4
Deferred tax assets	36.1	33.6
Pre-production costs	47.8	36.1
Other long-term assets	34.7	37.7
Total long-term assets	861.7	914.7
Total assets	1,491.5	1,579.1
Current liabilities:
Accounts payable	146.0	138.7
Accrued employee liabilities	31.6	36.7
Other accrued liabilities	38.2	34.5
Short-term operating lease liabilities	6.3	6.8
Short-term debt	0.2	3.2
Income tax payable	7.6	8.1
Total current liabilities	229.9	228.0
Long-term liabilities:
Long-term debt	331.1	303.6
Long-term operating lease liabilities	19.9	21.8
Long-term income tax payable	9.3	16.7
Other long-term liabilities	19.9	14.3
Deferred tax liabilities	46.4	41.8
Total long-term liabilities	426.6	398.2
Total liabilities	656.5	626.2
Redeemable noncontrolling interest		11.1
Shareholders' equity:
Common stock, $0.50 par value, 100,000,000 shares authorized, 36,825,124 shares and 37,167,375 shares issued as of January 27, 2024 and April 29, 2023, respectively	18.4	18.6
Additional paid-in capital	181.7	181.0
Accumulated other comprehensive loss	(31.2)	(19.0)
Treasury stock, 1,346,624 shares as of January 27, 2024 and April 29, 2023	(11.5)	(11.5)
Retained earnings	677.6	772.7
Total shareholders' equity	835.0	941.8
Total liabilities and shareholders' equity	$ 1,491.5	$ 1,579.1

About Methode Electronics Inc

Methode Electronics, Inc. designs, engineers, and produces mechatronic products 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 and ergonomic switches, transmission lead-frames, complex insert molded solutions, LED-based lighting solutions, and sensors, which incorporate magneto-elastic sensing, eddy current, or other sensing technologies that monitor the operation or status of a component or system. The Industrial segment manufactures external lighting solutions comprising driving, work, and signal lights; industrial safety radio remote controls; braided flexible cables; current-carrying laminated and powder-coated busbars; high-voltage high current connector and contracts; custom power-product assemblies, such as PowerRail solution; and high-current low-voltage flexible power cabling systems that are used in aerospace, cloud computing, commercial vehicles, construction equipment, industrial, military, power conversion, and transportation markets and applications. 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 fluid-level sensors for the marine/recreational vehicle and sump pump markets. The Medical segment offers Dabir Surfaces, a surface support technology aimed at pressure injury prevention for use by patients who are immobilized or otherwise at risk for pressure injuries, including patients undergoing long-duration surgical procedures. Methode Electronics, Inc. was incorporated in 1946 and is headquartered in Chicago, Illinois.

CEO	Mr. Donald W. Duda
WEBSITE	methode.com
INDUSTRY	Consumer Electronics
EMPLOYEES	6700

Methode Electronics Inc Frequently Asked Questions

What is the ticker symbol for Methode Electronics Inc? What does MEI stand for in stocks?

MEI is the stock ticker symbol of Methode Electronics Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Methode Electronics Inc (MEI)?

As of Tue Apr 23 2024, market cap of Methode Electronics Inc is 426.81 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MEI stock?

You can check MEI's fair value in chart for subscribers.

What is the fair value of MEI stock?

You can check MEI's fair value in chart for subscribers. The fair value of Methode Electronics Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Methode Electronics Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MEI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Methode Electronics Inc a good stock to buy?

The fair value guage provides a quick view whether MEI is over valued or under valued. Whether Methode Electronics Inc is cheap or expensive depends on the assumptions which impact Methode Electronics Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MEI.

What is Methode Electronics Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, MEI's PE ratio (Price to Earnings) is -7.37 and Price to Sales (PS) ratio is 0.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MEI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Methode Electronics Inc's stock?

In the past 10 years, Methode Electronics Inc has provided -0.07 (multiply by 100 for percentage) rate of return.