# Methode Electronics (MEI) — Stock CV

Methode Electronics is a $540M technology company. Revenue grew 1.4% over the last year, and it currently loses money.

> Methode Electronics Inc supplier of custom-engineered solutions with sales, engineering, and manufacturing locations in North America, Europe, the Middle East, and Asia.

## Identity

- **Ticker**: MEI
- **Sector**: Technology
- **Industry**: Electronic Connectors
- **Headquarters**: SOUTHFILED, MI
- **Employees**: 6 650
- **Website**: https://www.methode.com
- **Market cap**: $540M
- **Last price**: $15.20
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $1.04B
- **Net income**: -$36.8M
- **Free cash flow**: -$13.3M
- **P/E**: 11.4
- **Revenue growth (YoY)**: 1.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 0 |
| Profitability | 5 |
| Health | 28 |
| Quality | 60 |
| Moat | 30 |

## Qualifications (beginner checklist) — 7 of 11 passed

- [x] Revenue growing — +1.4% YoY
- [ ] Profitable — -$36.8M TTM
- [x] Profit growing — +43.0% YoY
- [ ] Generates cash — -$13.3M TTM
- [x] Debt under control — current ratio 2.41
- [ ] Established company — $540M market cap
- [x] Not printing shares — -7.8% shares over ~5y
- [x] Proven track record — 8/11 profitable years
- [ ] Financially stable — health score 28/100
- [x] Pays a dividend — yield 1.32%
- [x] Valuation not extreme — P/E 11.4

## Experience (career milestones)

- **FY2021** — Became debt-free: cash now exceeds total debt
- **FY2020** — Best year on record: $123M net income
- **FY2019** — Revenue crossed $1B: $1.00B for the year
- **Aug 20, 2018** — Methode announced it had entered a definitive agreement to acquire Grakon Parent, Inc., a global…
- **2017** — Methode acquired Pacific Insight Electronics Corp., a Canada-based designer and manufacturer of…
- **FY2016** — First recorded profitable year: $84.6M net income
- **1962** — Methode acquired Carter Precision Electric Co., Inc., expanding its position into automotive controls and…

## Strengths

- None stand out in the data.

## Watch-outs

- Not profitable — 3.5% net margin
- Negative free cash flow (-$13.3M)
- Thin interest coverage (0.7×)
- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $1.16B | $102M | $60.8M |
| FY2023 | $1.18B | $77.1M | $90.8M |
| FY2024 | $1.11B | -$123M | -$2.70M |
| FY2025 | $1.05B | -$62.6M | -$15.2M |
| FY2026 | $1.02B | -$35.7M | $15.6M |

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Source: https://stockcv.com/MEI — derived from company filings; may be delayed or incomplete. Information, not investment advice.