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Methode Electronics (MEI)

(Delayed Data from NYSE)

$12.29 USD

12.29
487,609

+0.23 (1.91%)

Updated Apr 24, 2024 04:00 PM ET

After-Market: $12.27 -0.02 (-0.16%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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5-Strong Sell of 5         5

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth B Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 10% (226 out of 252)

Industry: Electronics - Connectors

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Balance Sheet

Research for MEI

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Methode Electronics, Inc falls in the month of April.

All items in Millions except Per Share data.

4/30/2023 4/30/2022 4/30/2021 4/30/2020 4/30/2019
Assets          
Cash & Equivalents 157 172 233 217 83
Receivables 327 282 294 201 234
Notes Receivable 0 0 0 0 0
Inventories 160 159 124 131 117
Other Current Assets 21 17 23 16 20
Total Current Assets 664 629 674 566 454
Net Property & Equipment 220 197 204 202 192
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 34 37 41 31 34
Intangibles 559 441 465 476 498
Deposits & Other Assets 74 66 61 72 54
Total Assets 1,579 1,389 1,467 1,371 1,232
Liabilities & Shareholders Equity 4/30/2023 4/30/2022 4/30/2021 4/30/2020 4/30/2019
Notes Payable 0 0 0 0 0
Accounts Payable 139 109 123 74 92
Current Portion Long-Term Debt 3 13 15 15 16
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 71 55 59 38 54
Income Taxes Payable 8 7 20 12 19
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 228 189 223 144 181
Mortgages 0 0 0 0 0
Deferred Taxes/Income 42 38 38 42 36
Convertible Debt 0 0 0 0 0
Long-Term Debt 304 198 225 337 277
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 31 36 45 45 48
Minority Interest (Liabilities) 11 0 0 0 0
Total Liabilities 637 475 549 587 542
Shareholders Equity 4/30/2023 4/30/2022 4/30/2021 4/30/2020 4/30/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 19 19 20 19 19
Capital Surplus 181 169 158 151 150
Retained Earnings 773 764 746 652 545
Other Equity -19 -27 6 -27 -14
Treasury Stock 12 12 12 12 12
Total Shareholder's Equity 942 914 918 783 690
Total Liabilities & Shareholder's Equity 1,579 1,389 1,467 1,371 1,232
Total Common Equity 942 914 918 783 690
Shares Outstanding 37.10 38.20 38.30 38.40 36.90
Book Value Per Share 25.39 23.92 23.97 20.40 18.69

Fiscal Year End for Methode Electronics, Inc falls in the month of April.

All items in Millions except Per Share data.

1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023
Assets          
Cash & Equivalents 123 123 148 157 165
Receivables 284 309 314 327 303
Notes Receivable 0 0 0 0 0
Inventories 204 184 176 160 175
Other Current Assets 19 21 20 21 28
Total Current Assets 630 637 658 664 671
Net Property & Equipment 233 225 225 220 201
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 36 33 34 34 38
Intangibles 485 485 554 559 426
Deposits & Other Assets 83 79 74 74 64
Total Assets 1,492 1,485 1,574 1,579 1,429
Liabilities & Shareholders Equity 1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023
Notes Payable 0 0 0 0 0
Accounts Payable 146 134 132 139 113
Current Portion Long-Term Debt 0 3 3 3 1
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 70 29 60 71 63
Income Taxes Payable 8 8 6 8 8
Other Current Liabilities 0 39 0 0 0
Total Current Liabilities 230 218 208 228 191
Mortgages 0 0 0 0 0
Deferred Taxes/Income 46 46 41 42 39
Convertible Debt 0 0 0 0 0
Long-Term Debt 331 329 336 304 201
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 29 34 31 33
Minority Interest (Liabilities) 0 0 1 11 0
Total Liabilities 657 640 643 637 486
Shareholders Equity 1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 18 19 19 19 19
Capital Surplus 182 184 183 181 179
Retained Earnings 678 697 765 773 778
Other Equity -31 -43 -23 -19 -22
Treasury Stock 12 12 12 12 12
Total Shareholder's Equity 835 845 931 942 943
Total Liabilities & Shareholder's Equity 1,492 1,485 1,574 1,579 1,429
Total Common Equity 835 845 931 942 943
Shares Outstanding 35.40 37.00 36.00 37.10 36.00
Book Value Per Share 23.59 22.84 25.87 25.39 26.18