Meitec Corp
TSE:9744

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Meitec Corp
TSE:9744
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Price: 3 175 JPY -0.16% Market Closed
Market Cap: ¥245.1B

EV/EBITDA

10
Current
3%
More Expensive
vs 3-y average of 9.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10
=
Enterprise Value
¥216B
/
EBITDA
¥20.1B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10
=
Enterprise Value
¥216B
/
EBITDA
¥20.1B

Valuation Scenarios

Meitec Corp is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (9.7), the stock would be worth ¥3 068.19 (3% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-14%
Maximum Upside
No Upside Scenarios
Average Downside
9%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 10 ¥3 175
0%
3-Year Average 9.7 ¥3 068.19
-3%
5-Year Average 9.7 ¥3 068.19
-3%
Industry Average 8.6 ¥2 725.13
-14%
Country Average 8.7 ¥2 747.72
-13%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥216B
/
Jan 2026
¥20.1B
=
10
Current
¥216B
/
Mar 2026
¥20.8B
=
10.4
Forward
¥216B
/
Mar 2027
¥21.3B
=
10.2
Forward
¥216B
/
Mar 2028
¥21.5B
=
10
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
JP
Meitec Corp
TSE:9744
245.1B JPY 10 17.4
JP
Recruit Holdings Co Ltd
TSE:6098
10.6T JPY 15.5 25.6
NL
Randstad NV
AEX:RAND
4.5B EUR 6.5 15.3
US
Robert Half Inc
SWB:RHJ
4.2B EUR 34.9 37.2
CN
51job Inc
F:IWQ
3.9B EUR 39.1 49
CH
Adecco Group AG
SIX:ADEN
3.1B CHF 6.9 11.3
PL
Benefit Systems SA
WSE:BFT
12.9B PLN 11.6 22.4
US
Korn Ferry
NYSE:KFY
3.5B USD 5.8 12.8
JP
Persol Holdings Co Ltd
TSE:2181
539B JPY 5 13.7
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 17 30.7
SG
Jinhai International Group Holdings Ltd
HKEX:2225
24B HKD -230.1 -230.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
JP
Meitec Corp
TSE:9744
Average EV/EBITDA: 15.2
10
4%
2.5
JP
Recruit Holdings Co Ltd
TSE:6098
15.5
14%
1.1
NL
R
Randstad NV
AEX:RAND
6.5
9%
0.7
US
R
Robert Half Inc
SWB:RHJ
34.9
53%
0.7
CN
5
51job Inc
F:IWQ
39.1
N/A N/A
CH
A
Adecco Group AG
SIX:ADEN
6.9
12%
0.6
PL
B
Benefit Systems SA
WSE:BFT
11.6
23%
0.5
US
Korn Ferry
NYSE:KFY
5.8
9%
0.6
JP
P
Persol Holdings Co Ltd
TSE:2181
5
7%
0.7
JP
TechnoPro Holdings Inc
TSE:6028
17
12%
1.4
SG
Jinhai International Group Holdings Ltd
HKEX:2225
Negative Multiple: -230.1 N/A N/A

Market Distribution

In line with most companies in Japan
Percentile
59th
Based on 5 051 companies
59th percentile
10
Low
0.1 — 6.7
Typical Range
6.7 — 12.2
High
12.2 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 6.7
Median 8.7
70th Percentile 12.2
Max 214 699 781.2

Meitec Corp
Glance View

Market Cap
245.1B 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
Overvaluation 1%
Intrinsic Value
Price ¥3 175
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