Meitec Corp
TSE:9744

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Meitec Corp
TSE:9744
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Price: 3 142 JPY -0.82%
Market Cap: ¥242.6B

EV/GP

5.5
Current
6%
More Expensive
vs 3-y average of 5.1

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
5.5
=
Enterprise Value
¥216B
/
Gross Profit
¥36.3B

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
5.5
=
Enterprise Value
¥216B
/
Gross Profit
¥36.3B

Valuation Scenarios

Meitec Corp is trading above its 3-year average

If EV/GP returns to its 3-Year Average (5.1), the stock would be worth ¥2 950.44 (6% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-38%
Maximum Upside
No Upside Scenarios
Average Downside
22%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 5.5 ¥3 142
0%
3-Year Average 5.1 ¥2 950.44
-6%
5-Year Average 4.9 ¥2 812.38
-10%
Industry Average 3.4 ¥1 937.44
-38%
Country Average 3.7 ¥2 147.16
-32%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
JP
Meitec Corp
TSE:9744
242.6B JPY 5.5 17.2
JP
Recruit Holdings Co Ltd
TSE:6098
10.3T JPY 4.8 24.7
NL
Randstad NV
AEX:RAND
4.4B EUR 1.3 15.8
CN
51job Inc
F:IWQ
3.9B EUR 8 49
US
Robert Half Inc
SWB:RHJ
3.9B EUR 2 35
CH
Adecco Group AG
SIX:ADEN
3B CHF 1.2 11
PL
Benefit Systems SA
WSE:BFT
13.2B PLN 9.9 23.2
US
Korn Ferry
NYSE:KFY
3.4B USD 1.1 12.9
JP
Persol Holdings Co Ltd
TSE:2181
535.9B JPY 1.4 13.6
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 6.9 30.7
SG
Jinhai International Group Holdings Ltd
HKEX:2225
22.8B HKD 517.5 -219.2

Market Distribution

In line with most companies in Japan
Percentile
67th
Based on 4 798 companies
67th percentile
5.5
Low
0.1 — 2.6
Typical Range
2.6 — 5.9
High
5.9 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 2.6
Median 3.7
70th Percentile 5.9
Max 45 735 393.8

Meitec Corp
Glance View

Market Cap
242.6B JPY
Industry
Professional Services

In the bustling world of engineering outsourcing, Meitec Corp. stands as a beacon of expertise and reliability. Founded in 1974, this Japanese company has carved out a significant niche by providing high-quality engineering staffing services. Its model revolves around deploying well-trained engineers to a diverse array of industries such as automotive, electronics, and semiconductor manufacturing. By catering to the intricate needs of these sectors, Meitec enables its clients to focus on their core competencies, while leveraging the technical prowess that Meitec’s engineers bring to the table. This symbiotic relationship not only allows companies to innovate and remain competitive but also provides engineers with a rich tapestry of experiences across varied projects and technologies. Meitec’s business strategy is a well-oiled machine focusing on the recruitment, training, and development of highly skilled engineers who are then matched with client needs. The company primarily earns revenue through contracts with corporations that need temporary but highly specialized engineering expertise. Clients benefit from a flexible engineering workforce without the hassle of long-term hiring commitments, while Meitec capitalizes on the demand for technical expertise in a swiftly evolving industry landscape. This approach also shields the company against economic downturns, as its diversified client base across multiple industries ensures a steady demand for its services. By consistently adapting its workforce to meet the latest technological trends and market demands, Meitec maintains its stature as an indispensable partner in Japan’s industrial ecosystem.

Intrinsic Value
3 144.99 JPY
Fairly Valued
Intrinsic Value
Price ¥3 142
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