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MEI

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

10.26USD+0.23 (+2.29%)Market Closed

Market Summary

MEI
USD10.26+0.23
Market Closed
2.29%

MEI Stock Price

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MEI RSI Chart

MEI Valuation

Market Cap

363.1M

Price/Earnings (Trailing)

-6.27

Price/Sales (Trailing)

0.32

EV/EBITDA

-38.6

Price/Free Cashflow

18.81

MEI Price/Sales (Trailing)

MEI Profitability

EBT Margin

-5.02%

Return on Equity

-6.93%

Return on Assets

-3.88%

Free Cashflow Yield

5.32%

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

8%

Last 30 days

-15.2%

Last 90 days

-14.8%

Trailing 12 Months

-69.7%

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

5.46%

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
YearQ1Q2Q3Q4
20241.1B000
20231.2B1.2B1.2B1.2B
20221.2B1.2B1.2B1.2B
2021997.6M1.1B1.2B1.2B
20201.1B1.0B944.6M988.2M
2019983.3M1.0B1.0B1.0B
2018879.0M908.3M930.5M964.4M
2017809.6M816.5M825.8M846.6M
2016823.6M809.1M797.7M798.6M
2015878.6M881.1M866.3M845.0M
2014696.4M772.8M823.6M862.4M
2013497.8M519.8M568.4M629.6M
2012458.1M465.1M473.0M486.8M
2011415.6M428.2M440.0M448.2M
20100377.6M390.3M402.9M
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Tracking the Latest Insider Buys and Sells of Methode Electronics Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 17, 2024
schwabero mark d
acquired
140,000
9.88
14,170
-
Jun 13, 2024
aspatore walter j
acquired
140,000
9.88
14,170
-
Jun 13, 2024
crowther bruce k
acquired
140,000
9.88
14,170
-
Jun 13, 2024
cadwallader brian j
acquired
140,000
9.88
14,170
-
Jun 13, 2024
lindsey mary a
acquired
140,000
9.88
14,170
-
Jun 13, 2024
goddard janie
acquired
140,000
9.88
14,170
-
Jun 13, 2024
pantaleo angelo v
acquired
140,000
9.88
14,170
-
Jun 13, 2024
bobek therese m
acquired
140,000
9.88
14,170
-
Jun 13, 2024
blom david p
acquired
140,000
9.88
14,170
-
Jun 13, 2024
dawson darren
acquired
140,000
9.88
14,170
-

1–10 of 50

Which funds bought or sold MEI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-130,000
150,000
-%
May 20, 2024
EMC Capital Management
sold off
-100
-127,000
-
-%
May 16, 2024
COMERICA BANK
reduced
-10.81
-202,742
185,599
-%
May 16, 2024
JANE STREET GROUP, LLC
added
18.95
-296,753
521,596
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-6.33
-408,514
411,721
-%
May 15, 2024
SYSTEMATIC FINANCIAL MANAGEMENT LP
reduced
-6.55
-6,575,100
6,594,970
0.18%
May 15, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
4.52
-258,000
328,000
-%
May 15, 2024
Royal Bank of Canada
reduced
-55.23
-442,000
139,000
-%
May 15, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
19.66
-8,669
15,493
-%
May 15, 2024
Aristides Capital LLC
sold off
-100
-268,964
-
-%

1–10 of 44

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Jun 17, 2024
4
Insider Trading
Jun 17, 2024
4
Insider Trading
Jun 17, 2024
4
Insider Trading
Jun 17, 2024
4
Insider Trading
Jun 17, 2024
4
Insider Trading
Jun 17, 2024
4
Insider Trading
Jun 17, 2024
4
Insider Trading
Jun 17, 2024
4
Insider Trading
Jun 17, 2024
4
Insider Trading
Jun 17, 2024
4
Insider Trading

Methode Electronics Inc News

Latest updates
Yahoo Movies UK22 Jun 202408:45 am
Simply Wall St17 Jun 202411:28 am
Defense World15 Jun 202410:27 pm

Methode Electronics Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-9.9%260288290301280316282289292296288301295301191211286257270266247
Gross Profit-29.3%37.0052.0054.0063.0065.0074.0062.0055.0069.0069.0072.0076.0073.0081.0045.0059.0079.0069.0076.0071.0064.00
  S&GA Expenses-17.1%34.0041.0045.0050.0033.0037.0035.0036.0035.0031.0033.0037.0032.0031.0027.0018.0033.0033.0032.0033.0033.00
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 Taxes650.0%1.00-0.200.00-0.303.006.004.001.004.006.006.006.005.008.00-5.1010.003.005.007.008.00-3.00
Earnings Before Taxes81.1%-10.50-55.501.008.0023.0033.0026.0017.0034.0033.0035.0037.0037.0046.0016.0040.0044.0029.0036.0030.0028.00
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 Income79.0%-11.60-55.301.008.0020.0028.0022.0016.0029.0028.0029.0031.0032.0039.0021.0030.0041.0024.0028.0023.0031.00
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 Cashflow208.0%12.00-11.30-19.4038.0043.007.003.0034.0012.0022.00-6.2031.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets0.4%1,4921,4851,5741,5791,4291,3941,3901,3891,4111,4311,4591,4671,4451,4891,4181,3711,2821,2831,2691,2321,226
  Current Assets-1.1%630637658664671658639629640643661674645682598566464465461454446
    Cash Equivalents0.3%12312314815716513015217215317720823321924221121780.0096.0074.0083.0074.00
  Inventory10.9%204184176160175173174159167149142124124121124131126134122117124
  Net PPE3.5%233225225220201190195197201207215204205203209202199198196192189
  Goodwill-0.1%220221303302233231233233234235235236235233233232233234233233237
Liabilities2.6%657640642626486496479475495511525549547638604587509550555542552
  Current Liabilities5.3%230218208228191213196189204208204223209199160144164184181181176
  Short Term Borrowings--------------------16.0015.00
  Long Term Debt0.6%331329336304201191194198202208221225229332334337242260268277288
    LT Debt, Current-93.3%0.003.003.003.001.0013.0013.0013.0013.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0016.00-
    LT Debt, Non Current0.6%331329336304201191194198202208221225229332334337242260268277-
Shareholder's Equity-1.2%835845931942943899911914916920934918898851814783773733714690674
  Retained Earnings-2.8%678697765773778771768764753750762746727699665652626589569545527
  Additional Paid-In Capital-1.1%182184183181179175172169166164161158154153152151156154153150148
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)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations4900.0%28,800-600-5,60049,00055,70015,40012,70042,00020,10027,0009,70036,00087,10040,30016,40058,00014,80048,70019,10037,70028,100
  Share Based Compensation-261.5%-2,1001,3002,6002,1002,7002,7004,0002,6002,6002,6004,0002,5002,4001,000900-5,3001,6001,5002,5002,300800
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%-16,900-10,60012,50066,800-14,900-27,900-20,800-10,800-34,100-51,400-18,300-15,100-108,600-6,200-13,00091,400-23,000-12,300-14,400-14,900-58,800
  Dividend Payments2.1%4,9004,8005,3004,9005,0004,9005,0005,0005,1005,1005,2004,2004,1004,1005,0004,1004,0004,1004,1003,6004,100
  Buy Backs-61.5%3,0007,800-8,5008,00019,70011,90030021,30034,8008,400----------
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MEI Income Statement

2024-01-27
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended9 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 sold222.5215.2693.9677.6
Gross profit37.064.9143.3200.8
Selling and administrative expenses33.932.9119.3104.8
Goodwill impairment0.0 56.5 
Amortization of intangibles6.14.718.014.1
(Loss) income from operations(3.0)27.3(50.5)81.9
Interest expense, net5.00.812.21.3
Other expense (income), net2.53.52.3(1.7)
Pre-tax (loss) income(10.5)23.0(65.0)82.3
Income tax expense1.13.11.013.3
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, net265.3314.3
Inventories204.0159.7
Income tax receivable18.612.9
Prepaid expenses and other current assets19.020.5
Total current assets629.8664.4
Long-term assets:  
Property, plant and equipment, net232.5220.3
Goodwill220.4301.9
Other intangible assets, net264.3256.7
Operating lease right-of-use assets, net25.928.4
Deferred tax assets36.133.6
Pre-production costs47.836.1
Other long-term assets34.737.7
Total long-term assets861.7914.7
Total assets1,491.51,579.1
Current liabilities:  
Accounts payable146.0138.7
Accrued employee liabilities31.636.7
Other accrued liabilities38.234.5
Short-term operating lease liabilities6.36.8
Short-term debt0.23.2
Income tax payable7.68.1
Total current liabilities229.9228.0
Long-term liabilities:  
Long-term debt331.1303.6
Long-term operating lease liabilities19.921.8
Long-term income tax payable9.316.7
Other long-term liabilities19.914.3
Deferred tax liabilities46.441.8
Total long-term liabilities426.6398.2
Total liabilities656.5626.2
Redeemable noncontrolling interest 11.1
Shareholders' equity:  
Common stock, $0.50 par value, 100,000,000 shares authorized, 36,825,124 shares and 37,167,375 shares issued as of January 27, 2024 and April 29, 2023, respectively18.418.6
Additional paid-in capital181.7181.0
Accumulated other comprehensive loss(31.2)(19.0)
Treasury stock, 1,346,624 shares as of January 27, 2024 and April 29, 2023(11.5)(11.5)
Retained earnings677.6772.7
Total shareholders' equity835.0941.8
Total liabilities and shareholders' equity$ 1,491.5$ 1,579.1
MEI
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
 WEBSITEmethode.com
 INDUSTRYConsumer Electronics
 EMPLOYEES6700

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 Fri Jun 21 2024, market cap of Methode Electronics Inc is 363.11 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 Fri Jun 21 2024, MEI's PE ratio (Price to Earnings) is -6.27 and Price to Sales (PS) ratio is 0.32. 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 -0.101 (multiply by 100 for percentage) rate of return.