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Kimball International

DB:KB1B
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KB1B
DB
$553M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Kimball International, Inc. designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The last earnings update was 75 days ago. More info.


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KB1B Share Price and Events
7 Day Returns
2.3%
DB:KB1B
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
-3.9%
DB:KB1B
-8.1%
DE Commercial Services
-6%
DE Market
KB1B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kimball International (KB1B) 2.3% 2.3% 1% -3.9% 29.9% -
DE Commercial Services 1.5% 1.7% 10.8% -8.1% 1.3% -41%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • KB1B outperformed the Commercial Services industry which returned -8.1% over the past year.
  • KB1B outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
KB1B
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Kimball International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kimball International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kimball International.

DB:KB1B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KB1B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (0.03%))
0.822
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.822 * 5.96%)
5.13%

Discounted Cash Flow Calculation for DB:KB1B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kimball International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:KB1B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.13%)
2019 32.62 Est @ -11.22% 31.02
2020 30.08 Est @ -7.78% 27.21
2021 28.46 Est @ -5.38% 24.49
2022 27.41 Est @ -3.7% 22.44
2023 26.72 Est @ -2.52% 20.80
2024 26.26 Est @ -1.7% 19.45
2025 25.97 Est @ -1.12% 18.30
2026 25.79 Est @ -0.71% 17.28
2027 25.67 Est @ -0.43% 16.37
2028 25.61 Est @ -0.23% 15.53
Present value of next 10 years cash flows $212.91
DB:KB1B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $25.61 × (1 + 0.23%) ÷ (5.13% – 0.23%)
$523.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $523.73 ÷ (1 + 5.13%)10
$317.58
DB:KB1B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $212.91 + $317.58
$530.48
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $530.48 / 36.71
$14.45
DB:KB1B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KB1B represents 0.86781x of NasdaqGS:KBAL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86781x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 14.45 x 0.86781
€12.54
Value per share (EUR) From above. €12.54
Current discount Discount to share price of €13.08
= -1 x (€13.08 - €12.54) / €12.54
-4.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kimball International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kimball International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kimball International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KB1B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.98
NasdaqGS:KBAL Share Price ** NasdaqGS (2019-04-18) in USD $15.07
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.52x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kimball International.

DB:KB1B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:KBAL Share Price ÷ EPS (both in USD)

= 15.07 ÷ 0.98

15.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kimball International is good value based on earnings compared to the Europe Commercial Services industry average.
  • Kimball International is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Kimball International's expected growth come at a high price?
Raw Data
DB:KB1B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-2.2%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kimball International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kimball International's assets?
Raw Data
DB:KB1B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $5.47
NasdaqGS:KBAL Share Price * NasdaqGS (2019-04-18) in USD $15.07
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:KB1B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:KBAL Share Price ÷ Book Value per Share (both in USD)

= 15.07 ÷ 5.47

2.75x

* Primary Listing of Kimball International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kimball International is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Kimball International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Kimball International has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Kimball International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Kimball International, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kimball International expected to grow at an attractive rate?
  • Kimball International's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kimball International's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Unable to compare Kimball International's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:KB1B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KB1B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -2.2%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KB1B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KB1B Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 727 55 36
2018-09-30 704 47 34
2018-06-30 686 47 34
2018-03-31 684 42 35
2017-12-31 679 48 36
2017-09-30 670 59 37
2017-06-30 670 65 38
2017-03-31 663 59 33
2016-12-31 660 66 29
2016-09-30 654 56 27
2016-06-30 635 49 21
2016-03-31 629 42 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kimball International's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Kimball International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KB1B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Kimball International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KB1B Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.98
2018-09-30 0.92
2018-06-30 0.92
2018-03-31 0.93
2017-12-31 0.97
2017-09-30 1.00
2017-06-30 1.00
2017-03-31 0.89
2016-12-31 0.77
2016-09-30 0.71
2016-06-30 0.56
2016-03-31 0.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Kimball International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kimball International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kimball International has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Kimball International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kimball International's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kimball International has delivered over 20% year on year earnings growth in the past 5 years.
  • Kimball International's 1-year earnings growth is less than its 5-year average (0.7% vs 33.7%)
  • Kimball International's earnings growth has not exceeded the Europe Commercial Services industry average in the past year (0.7% vs 15.7%).
Earnings and Revenue History
Kimball International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kimball International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KB1B Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 726.76 36.39 181.96
2018-09-30 704.36 34.36 175.13
2018-06-30 685.60 34.44 172.08
2018-03-31 683.85 34.75 176.29
2017-12-31 679.03 36.13 176.85
2017-09-30 670.30 37.47 174.03
2017-06-30 669.93 37.51 169.67
2017-03-31 662.63 33.22 168.87
2016-12-31 659.60 28.75 167.53
2016-09-30 653.53 26.53 166.04
2016-06-30 635.10 21.16 162.98
2016-03-31 629.49 19.63 160.87
2015-12-31 625.39 21.75 160.38
2015-09-30 612.99 15.25 160.80
2015-06-30 600.87 11.14 163.03
2015-03-31 579.67 6.76 163.41
2014-12-31 558.83 1.84 162.42
2014-09-30 546.46 3.93 163.55
2014-06-30 543.82 3.42 162.06
2014-03-31 724.28 10.12 173.74
2013-12-31 900.66 13.84 186.80
2013-09-30 1,056.75 15.93 193.03
2013-06-30 500.01 -6.62 150.99
2013-03-31 1,174.92 18.90 193.28
2012-12-31 1,157.85 17.72 190.57
2012-09-30 1,159.62 16.74 190.16
2012-06-30 1,142.06 11.63 187.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kimball International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kimball International used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Kimball International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kimball International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kimball International has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Kimball International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kimball International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kimball International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kimball International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kimball International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1302.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kimball International Company Filings, last reported 3 months ago.

DB:KB1B Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 200.87 0.16 81.07
2018-09-30 198.68 0.16 84.00
2018-06-30 193.02 0.18 87.27
2018-03-31 185.20 0.18 77.75
2017-12-31 187.77 0.19 79.57
2017-09-30 182.02 3.96 97.78
2017-06-30 176.20 3.96 98.57
2017-03-31 167.17 0.21 84.47
2016-12-31 160.66 0.22 72.27
2016-09-30 154.82 0.22 62.70
2016-06-30 149.87 0.24 47.58
2016-03-31 144.49 0.24 43.85
2015-12-31 142.52 0.25 26.09
2015-09-30 136.72 0.25 22.39
2015-06-30 141.51 0.27 34.66
2015-03-31 146.20 0.27 49.97
2014-12-31 145.69 0.27 48.99
2014-09-30 443.98 0.28 113.20
2014-06-30 441.53 0.29 136.62
2014-03-31 433.43 0.30 138.35
2013-12-31 425.27 0.30 129.59
2013-09-30 414.73 0.30 109.63
2013-06-30 404.51 0.32 103.60
2013-03-31 398.93 1.61 90.27
2012-12-31 396.95 0.29 88.09
2012-09-30 391.95 0.27 77.50
2012-06-30 386.23 0.29 75.20
  • Kimball International's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.1% vs 0.1% today).
  • Debt is well covered by operating cash flow (34405%, greater than 20% of total debt).
  • Kimball International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Kimball International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kimball International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Kimball International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.12%
Current annual income from Kimball International dividends.
If you bought €2,000 of Kimball International shares you are expected to receive €42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kimball International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Kimball International's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KB1B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KB1B Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-07 0.320 2.131
2019-02-05 0.320 2.084
2018-08-28 0.320 2.038
2018-04-24 0.280 1.694
2018-02-13 0.280 1.643
2017-10-31 0.280 1.534
2017-08-29 0.280 1.487
2017-04-25 0.240 1.409
2017-02-07 0.240 1.437
2016-10-25 0.240 1.534
2016-08-30 0.240 1.868
2016-04-26 0.220 1.904
2016-02-09 0.220 1.983
2015-10-20 0.220 2.047
2015-08-11 0.220 2.091
2015-04-15 0.200 1.705
2015-02-17 0.200 1.991
2014-10-21 0.200 2.021
2014-08-12 0.200 1.281
2014-04-15 0.200 1.214
2014-02-18 0.200 1.087
2013-10-15 0.200 1.445
2013-08-13 0.200 1.888
2013-04-16 0.200 1.963
2013-02-19 0.200 2.174
2012-10-16 0.200 1.775
2012-08-14 0.200 1.666
2012-04-17 0.200 2.588
2012-02-21 0.200 3.037
2011-10-18 0.200 3.472
2011-08-16 0.200 3.871
2011-04-19 0.200 3.084
2011-02-15 0.200 2.832
2010-10-19 0.200 3.025
2010-08-17 0.200 3.614
2010-04-20 0.200 3.164
2010-02-16 0.200 2.794
2009-10-20 0.200 2.534
2009-08-18 0.200 2.750
2009-04-22 0.200 3.218

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kimball International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kimball International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kimball International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kimball International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Kimball International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kristine Juster
COMPENSATION $128,337
AGE 55
TENURE AS CEO 0.4 years
CEO Bio

Ms. Kristine L. Juster has been the Chief Executive Officer of Kimball International, Inc. since November 1, 2018. Ms. Juster serves as the President of the Global Writing Segment of Newell Rubbermaid Inc. (alternate name: Newell Brands Inc.). Ms. Juster served as President of Calphalon division of Newell Rubbermaid Inc. since 2001. She joined Newell Rubbermaid in 1995 at Newell Office Products division as Director-Sales. In 2000, she was appointed Vice President-Sales of the Calphalon division. Prior to taking on this role in May 2014, she was President of the Baby and Parenting Segment of Newell Rubbermaid and held other roles of increasing responsibility since joining it in 1995. Prior to joining Newell Rubbermaid, she co-founded and ran PC Compatibles in Stamford, Conn. Ms. Juster holds a BS degree from Cornell University. Ms. Juster has been a Non-Independent Director of Kimball International, Inc. since April 27, 2016.

CEO Compensation
  • Kristine's compensation has been consistent with company performance over the past year.
  • Kristine's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kimball International management team in years:

4.4
Average Tenure
53.5
Average Age
  • The tenure for the Kimball International management team is about average.
Management Team

Kristine Juster

TITLE
CEO & Non-Independent Director
COMPENSATION
$128K
AGE
55
TENURE
0.4 yrs

Don Van Winkle

TITLE
President
COMPENSATION
$1M
AGE
57
TENURE
4.4 yrs

Michelle Schroeder

TITLE
VP & CFO
COMPENSATION
$714K
AGE
53
TENURE
4.4 yrs

Lonnie Nicholson

TITLE
VP & Chief Administrative Officer
COMPENSATION
$739K
AGE
54
TENURE
4.2 yrs

Dennis Gerber

TITLE
Director of Investor Relations & Treasurer

Julia E. Cassidy

TITLE
VP, General Counsel
AGE
53
TENURE
4.4 yrs

Greg Kincer

TITLE
Vice President of Corporate Development
AGE
60
TENURE
4.4 yrs

Darren Gress

TITLE
Corporate Controller

Kevin McCoy

TITLE
VP & President of National Office Furniture
COMPENSATION
$746K
AGE
47
TENURE
13.7 yrs

Kourtney Smith

TITLE
President of National Office Furniture
AGE
48
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Kimball International board of directors in years:

4.7
Average Tenure
59
Average Age
  • The tenure for the Kimball International board of directors is about average.
Board of Directors

Kim Ryan

TITLE
Independent Chairman
COMPENSATION
$128K
AGE
51
TENURE
0.4 yrs

Kristine Juster

TITLE
CEO & Non-Independent Director
COMPENSATION
$128K
AGE
55
TENURE
3 yrs

Pat Connolly

TITLE
Independent Director
COMPENSATION
$136K
AGE
59
TENURE
4.7 yrs

Susan Frampton

TITLE
Independent Director
COMPENSATION
$129K
AGE
60
TENURE
3 yrs

Geoffrey Stringer

TITLE
Independent Director
COMPENSATION
$140K
AGE
75
TENURE
15.8 yrs

Tom Tischhauser

TITLE
Independent Director
COMPENSATION
$130K
AGE
60
TENURE
10.7 yrs

Tim Jahnke

TITLE
Director
COMPENSATION
$139K
AGE
58
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Dec 18 Buy Kristine Juster Individual 03. Dec 18 03. Dec 18 400 €13.37 €5,349
21. Nov 18 Sell Lonnie Nicholson Individual 20. Nov 18 20. Nov 18 -1,341 €13.96 €-18,722
20. Nov 18 Sell Lonnie Nicholson Individual 16. Nov 18 16. Nov 18 -1,341 €13.89 €-18,627
X
Management checks
We assess Kimball International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kimball International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Kimball International, Inc. designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments. Its furniture solutions are used in collaborative and open work space areas, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas with a mix of wood, metal, laminate, paint, fabric, solid surface, and plastic options. In addition, the company offers patient/exam room and lounge seating, and casegoods for the healthcare market. It markets and sells its products through sales representatives, office furniture dealers, wholesalers, brokers, designers, purchasing companies, and catalog houses to end users. The company was formerly known as The Jasper Corporation and changed its name to Kimball International, Inc. in July 1974. Kimball International, Inc. was incorporated in 1939 and is headquartered in Jasper, Indiana.

Details
Name: Kimball International, Inc.
KB1B
Exchange: DB
Founded: 1939
$491,945,898
36,711,712
Website: http://www.kimballinternational.com
Address: Kimball International, Inc.
1600 Royal Street,
Jasper,
Indiana, 47549,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS KBAL Class B Common Stock Nasdaq Global Select US USD 02. Jan 1980
DB KB1B Class B Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
Number of employees
Current staff
Staff numbers
3,074
Kimball International employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:39
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.