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MEC Company Ltd. (4971.T)

JPY9,320.00 +320.00 (+3.56%)
JP JPX Basic Materials Chemicals - Specialty
Address 3-4-1, Kuise Minamishimmachi 660-0822
Amagasaki, JP
CEO Kazuo Maeda
Website mec-co.com
IPO 2003-04-07
ISIN JP3920890005

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Description

Founded in 1969 and headquartered in Amagasaki, Japan, MEC Company Ltd. specializes in the research, development, manufacturing, and distribution of chemicals, equipment, and materials crucial for printed circuit board (PCB) production across Asian and European markets. Its comprehensive chemical portfolio addresses various critical steps in PCB fabrication. This includes diverse solutions for adhesion enhancement, such as roughening treatments for different substrate types (e.g., rolled copper, multilayer materials) and high-frequency applications, as well as copper surface preparation for CO2 laser direct drilling, and pretreatments for dry films and solder masks. The company also supplies chemicals for microetching, etch down, anisotropic etching, copper seed layer etching, and other general metal surface treatments. Additionally, MEC provides solutions for residue removal, degreasing, rust prevention, temporary anti-tarnish, metal resist stripping, and HALS. A significant offering is AMALPHA, an advanced metal surface treatment technology designed to enable direct bonding between metals and resins.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY9,320.00 +320.00 (+3.56%)
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Volume Profile
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Liquidity & share structure
Average Volume
316.3K
Beta
1.06
Float Shares
13.90M
Free Float %
76.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+4.02% +23.04% +48.09% +72.19% +119.21% +124.71% +347.52% +344.95% +376.27% +1,285.71% +6,108.00%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
9,320.00
DCF (Unlevered) 2,951.12 -68.3%
DCF (Levered) 3,350.82 -64.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
22.22
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
8 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Chemicals - Specialty: +4.7%
    +14.9% Q1'26: +38.5% (vs Q1'25)
  • EPS growth Chemicals - Specialty: +13.2%
    +122.4% Q1'26: +228.9% (vs Q1'25)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    +13.0% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Chemicals - Specialty: +8.8%
    +27.4% Q1'26: +33.9% (vs Q1'25)
  • ROIC Chemicals - Specialty: +5.6%
    +22.2% Q1'26: +41.3% (vs Q1'25)
  • Share dilution Chemicals - Specialty: +0.1%
    -1.3% Q1'26: -2.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.06) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2,933.73 Current price: 9,320.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
3 EPS Ana.
Dec 2027
3 Rev. Ana.
3 EPS Ana.
Dec 2028
3 Rev. Ana.
3 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
8.00B
est: 8.90B (-10.1%)
9.06B
est: 9.00B (+0.6%)
9.08B
est: 9.00B (+0.9%)
9.26B
est: 9.50B (-2.5%)
12.86B
est: 9.50B (+35.3%)
11.33B
est: 11.72B (-3.3%)
10.87B
est: 10.93B (-0.6%)
11.96B
est: 11.90B (+0.5%)
15.04B
est: 14.85B (+1.3%)
16.33B
est: 16.98B (-3.8%)
14.02B
est: 16.70B (-16.1%)
18.23B
est: 18.42B (-1.0%)
20.95B
est: 20.36B (+2.9%)
23.40B
22.61B – 24.18B
+14.9% YoY
26.25B
24.82B – 28.20B
+12.2% YoY
29.45B
29.36B – 29.53B
+12.2% YoY
31.95B
30.52B – 33.70B
+8.5% YoY
EBITDA
1.73B
est: 2.62B (-33.8%)
2.35B
est: 2.65B (-11.4%)
2.55B
est: 2.65B (-3.9%)
2.26B
est: 2.80B (-19.2%)
3.29B
est: 2.80B (+17.6%)
2.83B
est: 3.45B (-17.9%)
2.33B
est: 3.22B (-27.6%)
3.15B
est: 3.50B (-9.9%)
4.68B
est: 4.37B (+7.1%)
4.76B
est: 5.00B (-4.6%)
3.27B
est: 4.83B (-32.3%)
5.38B
est: 5.32B (+1.1%)
6.57B
est: 5.88B (+11.7%)
6.76B
6.53B – 6.99B
+14.9% YoY
7.59B
7.17B – 8.15B
+12.2% YoY
8.51B
8.48B – 8.53B
+12.2% YoY
9.23B
8.82B – 9.74B
+8.5% YoY
EBIT
1.42B
est: 2.15B (-34.0%)
2.01B
est: 2.18B (-7.8%)
2.19B
est: 2.18B (+0.3%)
1.88B
est: 2.30B (-18.3%)
2.66B
est: 2.30B (+15.6%)
2.22B
est: 2.84B (-21.6%)
1.64B
est: 2.65B (-38.1%)
2.37B
est: 2.88B (-17.7%)
3.94B
est: 3.59B (+9.6%)
4.00B
est: 4.11B (-2.5%)
2.49B
est: 4.04B (-38.3%)
4.56B
est: 4.46B (+2.4%)
5.75B
est: 4.93B (+16.7%)
5.66B
5.47B – 5.85B
+14.9% YoY
6.35B
6.01B – 6.82B
+12.2% YoY
7.12B
7.10B – 7.15B
+12.2% YoY
7.73B
7.38B – 8.15B
+8.5% YoY
Net Income
925.10M
est: 1.12B (-17.4%)
1.34B
est: 1.39B (-3.1%)
1.51B
est: 1.40B (+8.0%)
1.64B
est: 1.56B (+5.1%)
2.09B
est: 1.56B (+33.7%)
1.78B
est: 1.77B (+0.6%)
1.24B
est: 1.23B (+0.7%)
1.60B
est: 1.50B (+6.3%)
2.95B
est: 2.80B (+5.5%)
3.06B
est: 3.28B (-6.5%)
2.30B
est: 3.12B (-26.1%)
2.29B
est: 3.56B (-35.7%)
5.03B
est: 4.37B (+15.1%)
5.04B
4.87B – 5.06B
+15.4% YoY
5.60B
5.34B – 6.09B
+11.1% YoY
6.52B
6.03B – 7.57B
+16.4% YoY
8.22B
7.74B – 8.80B
+26.1% YoY
SGA
2.78B
est: 2.61B (+6.5%)
2.91B
est: 2.64B (+10.4%)
3.05B
est: 2.64B (+15.8%)
est: 2.78B (-100.0%)
4.16B
est: 2.78B (+49.6%)
3.78B
est: 3.43B (+10.1%)
3.78B
est: 3.20B (+18.1%)
3.67B
est: 3.48B (+5.2%)
4.06B
est: 4.35B (-6.6%)
4.47B
est: 4.97B (-10.1%)
4.60B
est: 4.80B (-4.1%)
5.21B
est: 5.29B (-1.7%)
5.85B
est: 5.85B (0.0%)
6.73B
6.50B – 6.95B
+14.9% YoY
7.54B
7.13B – 8.10B
+12.2% YoY
8.46B
8.44B – 8.49B
+12.2% YoY
9.18B
8.77B – 9.68B
+8.5% YoY
EPS
46.09
est: 59.80 (-22.9%)
66.98
est: 74.10 (-9.6%)
76.26
est: 74.90 (+1.8%)
84.86
est: 83.50 (+1.6%)
107.72
est: 83.50 (+29.0%)
92.85
est: 94.38 (-1.6%)
65.16
est: 65.57 (-0.6%)
84.09
est: 80.15 (+4.9%)
155.28
est: 149.37 (+4.0%)
161.22
est: 174.90 (-7.8%)
122.29
est: 166.44 (-26.5%)
122.38
est: 191.47 (-36.1%)
272.14
est: 236.39 (+15.1%)
269.95
263.48 – 273.70
+14.2% YoY
310.08
289.16 – 329.69
+14.9% YoY
368.05
326.20 – 409.81
+18.7% YoY
444.70
418.85 – 476.38
+20.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-05-08 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-05-07 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-05-01 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-30 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-27 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-24 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-23 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-22 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.09B
OE per share TTM
111.36
Owner's Yield
1.07%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
65.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 62 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P International Small Cap ETF GWX 0.13% 1.09M 0.40%
2 WisdomTree Japan SmallCap Dividend Fund DFJ 0.08% 322.5K 0.58%
3 Dimensional - International Small Cap ETF DFIS 0.07% 3.96M 0.39%
4 iShares MSCI Japan Small Cap UCITS ETF IDJP.L 0.06% 354.0K 0.58%
5 iShares MSCI Japan Small-Cap ETF SCJ 0.05% 137.7K 0.50%
6 Avantis International Small Cap Equity ETF AVDS 0.05% 150.7K 0.30%
7 Schwab International Small-Cap Equity ETF SCHC 0.03% 1.83M 0.06%
8 WisdomTree Japan Equity UCITS ETF - GBP Hedged DXJP.L 0.03% 351.0K 0.45%
9 WisdomTree Japan Equity UCITS ETF - USD Acc DXJZ.L 0.03% 262.4K 0.40%
10 WisdomTree Japan Equity UCITS ETF DXJ.L 0.03% 262.4K 0.48%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
11.98M
Shares Outstanding
18.26M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Katsuaki Kitauji Operating Officer and GM of Accounting & Finance Unit
Kazuo Maeda Chief Executive Officer, President & Representative Director male
Sadamitsu Sumitomo Executive Operating Officer of Global Operations & Director male
Tetsuya Taniguchi Director, Executive Operating Officer & GM of Management Planning Unit male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits