M

MI Technovation Bhd
KLSE:MI

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MI Technovation Bhd
KLSE:MI
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Price: 1.88 MYR 3.3% Market Closed
Market Cap: 1.7B MYR
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Intrinsic Value

The intrinsic value of one MI stock under the Base Case scenario is 2.14 MYR. Compared to the current market price of 1.88 MYR, MI Technovation Bhd is Undervalued by 12%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

MI Intrinsic Value
2.14 MYR
Undervaluation 12%
Intrinsic Value
Price
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MI Technovation Bhd

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
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Annual
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TTM

Balance Sheet Decomposition
MI Technovation Bhd

Current Assets 732.6m
Cash & Short-Term Investments 408.8m
Receivables 172.1m
Other Current Assets 151.8m
Non-Current Assets 528.5m
Long-Term Investments 102.9m
PP&E 213.2m
Intangibles 196.1m
Other Non-Current Assets 16.2m
Current Liabilities 93.8m
Accounts Payable 65.4m
Other Current Liabilities 28.4m
Non-Current Liabilities 59.7m
Long-Term Debt 37.9m
Other Non-Current Liabilities 21.8m
Efficiency

Earnings Waterfall
MI Technovation Bhd

Revenue
429.3m MYR
Operating Expenses
-357.7m MYR
Operating Income
71.6m MYR
Other Expenses
8.8m MYR
Net Income
80.4m MYR

Free Cash Flow Analysis
MI Technovation Bhd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

MI Profitability Score
Profitability Due Diligence

MI Technovation Bhd's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Exceptional Revenue Growth Forecast
Positive 3-Years Revenue Growth
Positive Net Income
54/100
Profitability
Score

MI Technovation Bhd's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

MI Solvency Score
Solvency Due Diligence

MI Technovation Bhd's solvency score is 99/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
99/100
Solvency
Score

MI Technovation Bhd's solvency score is 99/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MI Price Targets Summary
MI Technovation Bhd

Wall Street analysts forecast MI stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MI is 2.67 MYR with a low forecast of 2.35 MYR and a high forecast of 3.05 MYR.

Lowest
Price Target
2.35 MYR
25% Upside
Average
Price Target
2.67 MYR
42% Upside
Highest
Price Target
3.05 MYR
62% Upside
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Dividends

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Dividend Per Share
N/A
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0
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Shareholder Yield

Current shareholder yield for MI is .

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Profile

MI Technovation Bhd

Country

Malaysia

Industry

Semiconductors

Market Cap

1.7B MYR

Dividend Yield

2.39%

Description

Mi Technovation Bhd.engages in the design, development, manufacture, and sale of wafer level chip scale packaging sorting machines. The company is headquartered in Bayan Lepas, Pulau Pinang. The company went IPO on 2018-06-20. The firm operates through two business units, namely Semiconductor Equipment Business Unit (SEBU) and Semiconductor Material Business Unit (SMBU). SEBU is engaged in the manufacturing and sales of the semiconductor manufacturing equipment, paired with smart factory automation solutions. SEBU also offers provision of maintenance services and technical support for the machines, and the sale of related spare parts and components. The company designs and develops a range of in-house brand series, such as Mi Series, Vi Series, Ai Series, and Si Series. SMBU is involved in the manufacturing and sale of solder spheres (solder balls), which is an assembly and packaging material in semiconductor industry. The firm's subsidiaries include Mi Equipment (M) Sdn Bhd, Mi Equipment (Taiwan) Co Ltd, Mi Equipment Korea Co Ltd, Mi Equipment USA Inc., Accurus Scientific Co Ltd, and Accurus Scientific (Ningbo) Co Ltd.

Contact

PULAU PINANG
Bayan Lepas
Plot 13, Bayan Lepas Technoplex,, MK 12, Industrial Zone Phase 4,
+6046301288.0
mi-technovation.com

IPO

2018-06-20

Employees

292

Officers

Group CEO & Executive Director
Mr. Kuang Eng Oh
Group CFO & Executive Director
Madam Shiao Voon Yong
CEO of Semiconductor Equipment Business Unit & Executive Director
Mr. Chee Kheong Teo
CEO of Semiconductor Material Business Unit & Executive Director
Mr. Kok Lin Heng
President of Semiconductor Material Business Unit
Mr. Henry Wang
Company Secretary
Ms. Lay Hoon Ch'ng MAICSA

See Also

Discover More
What is the Intrinsic Value of one MI stock?

The intrinsic value of one MI stock under the Base Case scenario is 2.14 MYR.

Is MI stock undervalued or overvalued?

Compared to the current market price of 1.88 MYR, MI Technovation Bhd is Undervalued by 12%.

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