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Strattec Security

Nasdaq:STRT
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STRT
Nasdaq
$80M
Market Cap
  1. Home
  2. US
  3. Automobiles
Company description

Strattec Security Corporation engages in the design, development, manufacture, and marketing of automotive access control products under the VAST brand primarily in the United States. The last earnings update was 9 days ago. More info.


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  • Strattec Security has significant price volatility in the past 3 months.
STRT Share Price and Events
7 Day Returns
-3.7%
NasdaqGM:STRT
-3.1%
US Auto Components
-1%
US Market
1 Year Returns
-41.4%
NasdaqGM:STRT
-30.8%
US Auto Components
-0.4%
US Market
STRT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Strattec Security (STRT) -3.7% -2.6% -20.8% -41.4% -51.4% -70.6%
US Auto Components -3.1% -6.2% -2.9% -30.8% -9.4% -15.8%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • STRT underperformed the Auto Components industry which returned -30.8% over the past year.
  • STRT underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
STRT
Industry
5yr Volatility vs Market

STRT Value

 Is Strattec Security 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 Strattec Security 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 Strattec Security.

NasdaqGM:STRT 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 11.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGM:STRT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.259 (1 + (1- 21%) (52.81%))
1.526
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.53
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.526 * 5.96%)
11.82%

Discounted Cash Flow Calculation for NasdaqGM:STRT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Strattec Security 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGM:STRT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.82%)
2020 1.66 Est @ 15.22% 1.48
2021 1.85 Est @ 11.47% 1.48
2022 2.01 Est @ 8.85% 1.44
2023 2.15 Est @ 7.01% 1.37
2024 2.27 Est @ 5.73% 1.30
2025 2.38 Est @ 4.83% 1.22
2026 2.48 Est @ 4.2% 1.14
2027 2.58 Est @ 3.76% 1.05
2028 2.66 Est @ 3.45% 0.97
2029 2.75 Est @ 3.23% 0.90
Present value of next 10 years cash flows $12.35
NasdaqGM:STRT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2.75 × (1 + 2.73%) ÷ (11.82% – 2.73%)
$31.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $31.08 ÷ (1 + 11.82%)10
$10.17
NasdaqGM:STRT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $12.35 + $10.17
$22.51
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $22.51 / 3.69
$6.1
NasdaqGM:STRT Discount to Share Price
Calculation Result
Value per share (USD) From above. $6.10
Current discount Discount to share price of $21.55
= -1 x ($21.55 - $6.10) / $6.10
-253.2%

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

  • The current share price of Strattec Security 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 Strattec Security's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Strattec Security's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:STRT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-4.63
NasdaqGM:STRT Share Price ** NasdaqGM (2019-08-16) in USD $21.55
United States of America Auto Components Industry PE Ratio Median Figure of 23 Publicly-Listed Auto Components Companies 15.44x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

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

** Primary Listing of Strattec Security.

NasdaqGM:STRT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:STRT Share Price ÷ EPS (both in USD)

= 21.55 ÷ -4.63

-4.65x

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

  • Strattec Security is loss making, we can't compare its value to the US Auto Components industry average.
  • Strattec Security is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Strattec Security's expected growth come at a high price?
Raw Data
NasdaqGM:STRT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
37.6%per year
United States of America Auto Components Industry PEG Ratio Median Figure of 20 Publicly-Listed Auto Components Companies 0.76x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*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 Strattec Security, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Strattec Security's assets?
Raw Data
NasdaqGM:STRT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $44.27
NasdaqGM:STRT Share Price * NasdaqGM (2019-08-16) in USD $21.55
United States of America Auto Components Industry PB Ratio Median Figure of 40 Publicly-Listed Auto Components Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NasdaqGM:STRT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:STRT Share Price ÷ Book Value per Share (both in USD)

= 21.55 ÷ 44.27

0.49x

* Primary Listing of Strattec Security.

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

  • Strattec Security is good value based on assets compared to the US Auto Components industry average.
X
Value checks
We assess Strattec Security'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Strattec Security has a total score of 1/6, 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.

STRT Future Performance

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

  • No analysts cover Strattec Security, 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
37.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Strattec Security expected to grow at an attractive rate?
  • Strattec Security's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Strattec Security's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Strattec Security's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:STRT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:STRT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 37.6%
United States of America Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 19.6%
United States of America Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
NasdaqGM:STRT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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.
NasdaqGM:STRT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGM:STRT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 487 30 -17
2019-03-31 475 28 -13
2018-12-30 464 26 -12
2018-09-30 454 14 13
2018-07-01 439 7 12
2018-04-01 431 15 10
2017-12-31 424 14 11
2017-10-01 420 18 8
2017-07-02 417 23 7
2017-04-02 417 12 6
2017-01-01 402 15 4
2016-10-02 405 9 7
2016-07-03 401 8 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Strattec Security's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Strattec Security 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
NasdaqGM:STRT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Strattec Security Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:STRT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGM:STRT Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -4.63
2019-03-31 -3.55
2018-12-30 -3.22
2018-09-30 3.65
2018-07-01 3.39
2018-04-01 2.79
2017-12-31 2.94
2017-10-01 2.25
2017-07-02 2.01
2017-04-02 1.68
2017-01-01 1.23
2016-10-02 2.07
2016-07-03 2.55

*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 Strattec Security will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Strattec Security'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Strattec Security has a total score of 3/6, 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.

STRT Past Performance

  How has Strattec Security 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 Strattec Security's growth in the last year to its industry (Auto Components).
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.
  • Strattec Security does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Strattec Security's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Strattec Security's 1-year growth to the US Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
Strattec Security'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 Strattec Security Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:STRT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 487.01 -17.03 47.19
2019-03-31 475.03 -12.99 43.91
2018-12-30 463.63 -11.75 42.89
2018-09-30 453.89 13.29 42.14
2018-07-01 439.20 12.28 40.72
2018-04-01 430.90 10.08 43.64
2017-12-31 423.78 10.59 44.70
2017-10-01 419.54 8.11 45.90
2017-07-02 417.33 7.20 47.25
2017-04-02 417.24 6.00 45.78
2017-01-01 401.58 4.40 44.67
2016-10-02 405.15 7.38 44.63
2016-07-03 401.42 9.09 44.82
2016-03-27 391.50 9.70 40.46
2015-12-27 386.27 12.14 39.63
2015-09-27 385.75 14.47 38.92
2015-06-28 411.48 20.40 41.53
2015-03-29 415.11 24.85 44.32
2014-12-28 411.57 24.06 44.23
2014-09-28 391.07 22.16 42.99
2014-06-29 348.42 16.13 39.27
2014-03-30 326.83 13.65 37.79
2013-12-29 316.21 11.19 36.05
2013-09-29 306.97 9.74 35.28
2013-06-30 298.18 9.20 34.93
2013-03-31 294.07 9.28 34.64
2012-12-30 290.02 10.93 35.33
2012-09-30 283.66 10.13 34.83

*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.
  • It is difficult to establish if Strattec Security has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Strattec Security has efficiently used its assets last year compared to the US Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Strattec Security improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Strattec Security'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 Auto Components 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.
Strattec Security has a total score of 0/6, 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.

STRT Health

 How is Strattec Security'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 Strattec Security's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Strattec Security is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Strattec Security's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Strattec Security'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 3.7x 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 Strattec Security Company Filings, last reported 1 month ago.

NasdaqGM:STRT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 187.82 42.00 7.81
2019-03-31 187.33 44.00 9.20
2018-12-30 183.76 46.00 11.37
2018-09-30 187.93 51.00 10.35
2018-07-01 183.25 51.00 8.09
2018-04-01 183.18 48.00 7.04
2017-12-31 175.86 46.00 8.39
2017-10-01 174.43 40.00 8.50
2017-07-02 172.71 30.00 8.36
2017-04-02 164.36 26.00 4.99
2017-01-01 155.60 20.00 8.19
2016-10-02 156.94 24.00 17.07
2016-07-03 154.51 20.00 15.48
2016-03-27 160.57 18.00 23.16
2015-12-27 157.78 10.00 17.92
2015-09-27 152.68 6.50 19.97
2015-06-28 152.40 10.00 25.70
2015-03-29 153.71 11.00 28.04
2014-12-28 149.24 3.50 19.84
2014-09-28 144.34 4.00 22.55
2014-06-29 134.90 2.50 19.76
2014-03-30 126.85 2.50 20.49
2013-12-29 120.82 3.00 20.39
2013-09-29 114.92 3.00 12.81
2013-06-30 111.88 2.25 20.31
2013-03-31 98.78 1.50 16.26
2012-12-30 92.30 2.25 18.57
2012-09-30 90.08 1.50 16.27
  • Strattec Security's level of debt (22.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.9% vs 22.4% today).
  • Debt is well covered by operating cash flow (71.3%, greater than 20% of total debt).
  • Strattec Security is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Strattec Security'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. Strattec Security has a total score of 4/6, 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.

STRT Dividends

 What is Strattec Security'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
2.6%
Current annual income from Strattec Security dividends.
If you bought $2,000 of Strattec Security shares you are expected to receive $52 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?
  • Strattec Security's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Strattec Security's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
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
NasdaqGM:STRT 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
United States of America Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NasdaqGM:STRT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqGM:STRT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-15 0.560 2.408
2019-02-26 0.560 1.901
2018-12-06 0.560 1.745
2018-08-22 0.560 1.686
2018-05-15 0.560 1.659
2018-02-20 0.560 1.607
2017-10-10 0.560 1.321
2017-08-23 0.560 1.484
2017-05-16 0.560 1.617
2017-02-14 0.560 1.969
2016-10-11 0.560 1.503
2016-08-25 0.560 1.457
2016-05-17 0.520 1.170
2016-02-19 0.520 0.950
2015-10-06 0.520 0.916
2015-08-21 0.520 0.827
2015-05-20 0.480 0.687
2015-02-25 0.480 0.656
2014-10-07 0.480 0.578
2014-08-21 0.480 0.588
2014-05-21 0.440 0.661
2014-02-19 0.440 0.644
2013-10-09 0.440 0.979
2013-08-23 0.440 1.156
2013-08-07 0.000 0.000
2012-10-09 0.400 1.339
2012-08-21 0.400 1.864
2012-05-22 0.400 1.837
2012-02-22 0.400 1.827
2011-12-13 0.400 1.896
2011-08-23 0.400 1.787
2010-08-05 0.000 0.000
2010-05-06 0.000 0.000
2010-04-27 0.000 0.000
2010-02-04 0.000 0.000
2010-01-28 0.000 0.000
2009-11-05 0.000 0.000
2009-10-22 0.000 0.000
2009-08-28 0.000 0.000
2009-08-04 0.000 0.000
2009-02-27 0.000 0.000
2008-12-11 0.600 4.763
2008-08-21 0.600 2.624

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Strattec Security's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Strattec Security'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 Strattec Security afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Strattec Security has a total score of 1/6, see the detailed checks below.


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

STRT Management

 What is the CEO of Strattec Security'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
Frank Krejci
COMPENSATION $705,057
AGE 69
TENURE AS CEO 6.9 years
CEO Bio

Mr. Frank Joseph Krejci has been the Chief Executive Officer of STRATTEC Security Corporation since September 1, 2012 and has been its President since 2010. Mr. Krejci has been the President of Wisconsin Furniture, LLC since June 1996. He served as Chief Operating Officer of STRATTEC Security Corporation since January 1, 2010 until August 31, 2012. He has been a Director of STRATTEC Security Corporation since 1995. He serves as Director of Minda Vast Access Systems Private Limited.

CEO Compensation
  • Frank's compensation has increased whilst company is loss making.
  • Frank's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Strattec Security management team in years:

6.4
Average Tenure
56.5
Average Age
  • The average tenure for the Strattec Security management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Frank Krejci

TITLE
President
COMPENSATION
$705K
AGE
69
TENURE
6.9 yrs

Pat Hansen

TITLE
Senior VP
COMPENSATION
$428K
AGE
60
TENURE
20.5 yrs

Rolando Guillot

TITLE
Senior Vice President of Operations
AGE
51
TENURE
2.4 yrs

Richard Messina

TITLE
Vice President of Global Sales & Access Control Products
AGE
53
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Strattec Security board of directors in years:

20.5
Average Tenure
69
Average Age
  • The average tenure for the Strattec Security board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Harold Stratton

TITLE
Non-Executive Chairman
COMPENSATION
$118K
AGE
71
TENURE
20.5 yrs

Frank Krejci

TITLE
President
COMPENSATION
$705K
AGE
69
TENURE
24.6 yrs

Michael Koss

TITLE
Independent Director
COMPENSATION
$75K
AGE
65
TENURE
24.6 yrs

David Zimmer

TITLE
Independent Director
COMPENSATION
$80K
AGE
73
TENURE
13.3 yrs

Thomas Florsheim

TITLE
Independent Director
COMPENSATION
$75K
AGE
61
TENURE
6.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. Mar 19 Buy Teton Advisors, Inc Company 06. Feb 19 15. Mar 19 1,747 $32.50 $53,724
29. Mar 19 Buy GAMCO Investors, Inc. Company 28. Jan 19 28. Mar 19 17,989 $34.61 $559,251
11. Feb 19 Sell Harold Stratton Individual 04. Feb 19 04. Feb 19 -3,500 $32.06 $-112,207
31. Aug 18 Sell Patrick Hansen Individual 29. Aug 18 30. Aug 18 -1,500 $35.00 $-52,500
27. Aug 18 Sell Patrick Hansen Individual 23. Aug 18 24. Aug 18 -1,000 $36.70 $-35,277
X
Management checks
We assess Strattec Security'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. Strattec Security 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.

STRT News

Simply Wall St News

Should Strattec Security Corporation (NASDAQ:STRT) Be Part Of Your Income Portfolio?

While Strattec Security pays a dividend, it reported a loss over the last year. … Given Strattec Security is paying a dividend but reported a loss over the past year, we need to check its balance sheet for signs of financial distress. … We struggle to make a case for buying Strattec Security for its dividend, given that payments have shrunk over the past ten years.

Simply Wall St -

What Kind Of Investor Owns Most Of Strattec Security Corporation (NASDAQ:STRT)?

Strattec Security is a smaller company with a market capitalization of US$96m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Strattec Security NasdaqGM:STRT Ownership Summary, June 21st 2019 What Does The Institutional Ownership Tell Us About Strattec Security? … We can see that Strattec Security does have institutional investors; and they hold 80% of the stock.

Simply Wall St -

What Kind Of Shareholder Appears On The Strattec Security Corporation's (NASDAQ:STRT) Shareholder Register?

With a market capitalization of US$96m, Strattec Security is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Strattec Security NasdaqGM:STRT Ownership Summary, June 21st 2019 What Does The Institutional Ownership Tell Us About Strattec Security? … Insider Ownership Of Strattec Security The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

How Much Are Strattec Security Corporation (NASDAQ:STRT) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Strattec Security Corporation (NASDAQ:STRT). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Strattec Security The Last 12 Months Of Insider Transactions At Strattec Security In the last twelve months, the biggest single sale by an insider was when the Non-Executive Chairman, Harold Stratton, sold US$112k worth of shares at a price of US$32.06 per share. … From looking at our data, insiders own US$3.9m worth of Strattec Security stock, about 4.2% of the company.

Simply Wall St -

Such Is Life: How Strattec Security (NASDAQ:STRT) Shareholders Saw Their Shares Drop 57%

To wit, the Strattec Security Corporation (NASDAQ:STRT) share price managed to fall 57% over five long years. … See our latest analysis for Strattec Security In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … It is important to consider the total shareholder return, as well as the share price return, for any given stock.

Simply Wall St -

Should You Buy Strattec Security Corporation (NASDAQ:STRT) For Its Dividend?

Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … Investors might not know much about Strattec Security's dividend prospects, even though it has been paying dividends for the last eight years and offers a 1.9% yield.

Simply Wall St -

Is Strattec Security Corporation's (NASDAQ:STRT) Balance Sheet A Threat To Its Future?

Strattec Security Corporation (NASDAQ:STRT) is a small-cap stock with a market capitalization of US$110m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

What Kind Of Shareholders Own Strattec Security Corporation (NASDAQ:STRT)?

Every investor in Strattec Security Corporation (NASDAQ:STRT) should be aware of the most powerful shareholder groups. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … With a market capitalization of US$107m, Strattec Security is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Should You Be Worried About Insider Transactions At Strattec Security Corporation (NASDAQ:STRT)?

So shareholders might well want to know whether insiders have been buying or selling shares in Strattec Security Corporation (NASDAQ:STRT). … The Last 12 Months Of Insider Transactions At Strattec Security. … Over the last year we saw more insider selling of Strattec Security shares, than buying

Simply Wall St -

How Much is Strattec Security Corporation's (NASDAQ:STRT) CEO Getting Paid?

Frank Krejci has been the CEO of Strattec Security Corporation (NASDAQ:STRT) since 2012. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Frank Krejci's Compensation Compare With Similar Sized Companies?

Simply Wall St -

STRT Company Info

Description

Strattec Security Corporation engages in the design, development, manufacture, and marketing of automotive access control products under the VAST brand primarily in the United States. The company offers mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles, and related products. It also provides full service and aftermarket support services for its products. The company markets its products to automotive and light truck original equipment manufacturers, as well as other transportation-related manufacturers; and through wholesale distributors, other marketers, and users of component parts, as well as certain products to non-automotive commercial customers. It also exports its products Canada, Mexico, Europe, South America, Korea, China, and India. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.

Details
Name: Strattec Security Corporation
STRT
Exchange: NasdaqGM
Founded: 1908
$79,530,229
3,690,515
Website: http://www.strattec.com
Address: Strattec Security Corporation
3333 West Good Hope Road,
Milwaukee,
Wisconsin, 53209,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM STRT Common Stock Nasdaq Global Market US USD 23. Feb 1995
Number of employees
Current staff
Staff numbers
4,420
Strattec Security employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 23:44
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2017/08/10
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


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.