Strattec Security
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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
1 Year Returns
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.
STRT Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Strattec Security.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Strattec Security's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check) 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
- 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| 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.
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.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| 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.
Future performance checks
We assess Strattec Security's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Strattec Security Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess Strattec Security's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Strattec Security Company Filings, last reported 1 month ago.
| 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.
Financial health checks
We assess Strattec Security's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Strattec Security has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Strattec Security
shares you are expected to receive
$52
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| 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.
Income/ dividend checks
We assess Strattec Security's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
President
$705K
69
6.9 yrs
Pat Hansen
Senior VP
$428K
60
20.5 yrs
Rolando Guillot
Senior Vice President of Operations
51
2.4 yrs
Richard Messina
Vice President of Global Sales & Access Control Products
53
5.8 yrs
Board of Directors Tenure
Average tenure and age of the Strattec Security board of directors in years:
- 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
Non-Executive Chairman
$118K
71
20.5 yrs
Frank Krejci
President
$705K
69
24.6 yrs
Michael Koss
Independent Director
$75K
65
24.6 yrs
David Zimmer
Independent Director
$80K
73
13.3 yrs
Thomas Florsheim
Independent Director
$75K
61
6.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Strattec Security's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleWhat 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 - – Full articleWhat 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 - – Full articleHow 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 - – Full articleSuch 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 - – Full articleShould 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 - – Full articleIs 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 - – Full articleWhat 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 - – Full articleShould 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 - – Full articleHow 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 - – Full articleSTRT 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
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.
