Risk factor
Very vulnerable to price shocks
Profitability factor
Greatly undervalued vs peers
About
Mimaki Engineering Co., Ltd., a Japanese enterprise, operates internationally, specializing in the development, manufacturing, and global distribution of digital fabrication equipment and associated software solutions. Their extensive hardware range includes various inkjet printers, such as roll-to-roll, print-and-cut, flatbed, and textile models, along with other specialized options. The company also provides a selection of cutting plotters, including roll-to-roll, flatbed, and apparel cutter systems, as well as laminators, desktop modeling devices, and 3D printers. In addition to machinery, Mimaki offers a comprehensive suite of software products. This includes sophisticated RIP software, tools for color management, and several cutting programs like FineCut9, FineCut8, Simple POP, Simple Cut, and Simple Studio. They also provide the ArtiosCAD designer solution, specifically tailored for packaging design. These innovative products find widespread application across numerous industries, enabling the production and customization of items such as smartphone cases, glass, acrylic objects, stickers, magnets, stationery, novelty goods, apparel and textiles, bottles, and window films, among other diverse articles. The company was founded in 1975 and is headquartered in Tomi, Japan.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT