Strattec Security
Market Cap
US$82.1m
Last Updated
2020/01/21 23:55 UTC
Data Sources
Company Financials
Executive Summary
Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST brand primarily in the United States.
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has Strattec Security's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: STRT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.09%
STRT
1.1%
US Auto Components
0.8%
US Market
1 Year Return
-40.4%
STRT
1.9%
US Auto Components
25.1%
US Market
Return vs Industry: STRT underperformed the US Auto Components industry which returned 1.9% over the past year.
Return vs Market: STRT underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| STRT | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.09% | 1.1% | 0.8% |
| 30 Day | 2.1% | -4.1% | 3.1% |
| 90 Day | 9.3% | 1.8% | 10.9% |
| 1 Year | -39.0%-40.4% | 3.4%1.9% | 27.7%25.1% |
| 3 Year | -42.2%-45.4% | -2.3%-12.3% | 51.3%41.6% |
| 5 Year | -68.8%-71.1% | 19.2%2.4% | 77.2%57.6% |
Price Volatility Vs. Market
How volatile is Strattec Security's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Strattec Security Corporation (NASDAQ:STRT): What Does Its Beta Value Mean For Your Portfolio?4 weeks ago | Simply Wall St
Imagine Owning Strattec Security (NASDAQ:STRT) And Trying To Stomach The 75% Share Price Drop1 month ago | Simply Wall St
It Might Not Be A Great Idea To Buy Strattec Security Corporation (NASDAQ:STRT) For Its Next DividendValuation
Is Strattec Security undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: STRT ($22.02) is trading below our estimate of fair value ($141.58)
Significantly Below Fair Value: STRT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: STRT is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.
PE vs Market: STRT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate STRT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: STRT is good value based on its PB Ratio (0.5x) compared to the US Auto Components industry average (1.3x).
Next Steps
Future Growth
How is Strattec Security forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.0%
Forecasted Automobiles industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Strattec Security has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Strattec Security is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Automobiles industry.
Past Performance
How has Strattec Security performed over the past 5 years?
-51.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STRT is currently unprofitable.
Growing Profit Margin: STRT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: STRT is unprofitable, and losses have increased over the past 5 years at a rate of -51.4% per year.
Accelerating Growth: Unable to compare STRT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: STRT is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (4.1%).
Return on Equity
High ROE: STRT has a negative Return on Equity (-7.67%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Strattec Security's financial position?
Financial Position Analysis
Short Term Liabilities: STRT's short term assets ($155.7M) exceed its short term liabilities ($82.2M).
Long Term Liabilities: STRT's short term assets ($155.7M) exceed its long term liabilities ($43.3M).
Debt to Equity History and Analysis
Debt Level: STRT's debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: STRT's debt to equity ratio has increased from 2.8% to 19.1% over the past 5 years.
Debt Coverage: STRT's debt is well covered by operating cash flow (103.2%).
Interest Coverage: STRT is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Inventory Level: STRT has a high level of physical assets or inventory.
Debt Coverage by Assets: STRT's debt is covered by short term assets (assets are 4.3x debt).
Next Steps
Dividend
What is Strattec Security's current dividend yield, its reliability and sustainability?
2.55%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: STRT's dividend (2.54%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: STRT's dividend (2.54%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: STRT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: STRT's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: STRT is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Strattec Security's salary, the management and board of directors tenure and is there insider trading?
6.8yrs
Average management tenure
CEO
Frank Krejci (69yo)
7.3yrs
Tenure
US$646,983
Compensation
Mr. Frank Joseph Krejci has been the Chief Executive Officer of STRATTEC Security Corporation since September 1, 2012 and has been its President since 2010. Mr. Krejci has been the President of Wisconsin FÂ ...
CEO Compensation Analysis
Compensation vs Market: Frank's total compensation ($USD646.98K) is about average for companies of similar size in the US market ($USD519.76K).
Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.8yrs
Average Tenure
53yo
Average Age
Experienced Management: STRT's management team is seasoned and experienced (6.8 years average tenure).
Board Age and Tenure
20.9yrs
Average Tenure
69yo
Average Age
Experienced Board: STRT's board of directors are seasoned and experienced ( 20.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 1,747 |
| Max Price | US$32.50 |
| Entity | Company |
| Shares | 17,989 |
| Max Price | US$34.61 |
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman |
| Shares | 3,500 |
| Max Price | US$32.06 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Pat Hansen (60yo)
Senior VP
- Tenure: 20.9yrs
- Compensation: US$403.87k
Frank Krejci (69yo)
President
- Tenure: 7.3yrs
- Compensation: US$646.98k
Rolando Guillot (51yo)
Senior Vice President of Operations
- Tenure: 2.8yrs
- Compensation: US$368.92k
Richard Messina (53yo)
Vice President of Global Sales & Access Control Products
- Tenure: 6.3yrs
- Compensation: US$376.05k
Al-Waleed Hamdan (51yo)
VP of Global Sales & Product Management
- Compensation: US$313.69k
Board Members
Michael Koss (65yo)
Independent Director
- Tenure: 25yrs
- Compensation: US$104.61k
Thomas Florsheim (61yo)
Independent Director
- Tenure: 7.3yrs
- Compensation: US$104.61k
Harold Stratton (71yo)
Non-Executive Chairman
- Tenure: 20.9yrs
- Compensation: US$139.61k
David Zimmer (73yo)
Independent Director
- Tenure: 13.7yrs
- Compensation: US$109.61k
Frank Krejci (69yo)
President
- Tenure: 7.3yrs
- Compensation: US$646.98k
Company Information
Strattec Security Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Strattec Security Corporation
- Ticker: STRT
- Exchange: NasdaqGM
- Founded: 1908
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: US$82.098m
- Shares outstanding: 3.73m
- Website: https://www.strattec.com
Number of Employees
Location
- Strattec Security Corporation
- 3333 West Good Hope Road
- Milwaukee
- Wisconsin
- 53209
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| STRT | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Feb 1995 |
Biography
Strattec Security Corporation designs, develops, manufactures, and markets 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. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/21 23:55 |
| End of Day Share Price | 2020/01/21 00:00 |
| Earnings | 2019/09/29 |
| Annual Earnings | 2019/06/30 |
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.