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Market Cap

US$193.5m

Last Updated

2021/04/16 23:16 UTC

Data Sources

Company Financials +

Executive Summary

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. More Details


Snowflake Analysis

Undervalued with excellent balance sheet.


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 is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: STRT's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

3.7%

STRT

-0.9%

US Auto Components

1.3%

US Market


1 Year Return

321.6%

STRT

115.7%

US Auto Components

53.9%

US Market

Return vs Industry: STRT exceeded the US Auto Components industry which returned 128% over the past year.

Return vs Market: STRT exceeded the US Market which returned 57.5% over the past year.


Shareholder returns

STRTIndustryMarket
7 Day3.7%-0.9%1.3%
30 Day1.4%-9.7%3.3%
90 Day10.5%1.7%8.9%
1 Year321.6%321.6%116.8%115.7%56.6%53.9%
3 Year55.4%48.9%26.5%17.6%64.4%53.6%
5 Year-3.2%-10.0%75.4%51.5%120.4%95.7%

Long-Term 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

Valuation

Is Strattec Security undervalued compared to its fair value and its price relative to the market?

23.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: STRT ($50.15) is trading below our estimate of fair value ($67.49)

Significantly Below Fair Value: STRT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: STRT is good value based on its PE Ratio (24.8x) compared to the US Auto Components industry average (26x).

PE vs Market: STRT is poor value based on its PE Ratio (24.8x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: STRT is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: STRT is good value based on its PB Ratio (1.1x) compared to the US Auto Components industry average (2.5x).


Future Growth

How is Strattec Security forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

53.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STRT's forecast earnings growth (53.9% per year) is above the savings rate (2%).

Earnings vs Market: STRT's earnings (53.9% per year) are forecast to grow faster than the US market (18.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: STRT's revenue (14.2% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: STRT's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if STRT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Strattec Security performed over the past 5 years?

-37.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STRT has high quality earnings.

Growing Profit Margin: STRT's current net profit margins (1.8%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: STRT's earnings have declined by 37.1% per year over the past 5 years.

Accelerating Growth: STRT's earnings growth over the past year (467.2%) exceeds its 5-year average (-37.1% per year).

Earnings vs Industry: STRT earnings growth over the past year (467.2%) exceeded the Auto Components industry 16.5%.


Return on Equity

High ROE: STRT's Return on Equity (6.1%) is considered low.


Financial Health

How is Strattec Security's financial position?


Financial Position Analysis

Short Term Liabilities: STRT's short term assets ($165.9M) exceed its short term liabilities ($76.7M).

Long Term Liabilities: STRT's short term assets ($165.9M) exceed its long term liabilities ($28.8M).


Debt to Equity History and Analysis

Debt Level: STRT's debt to equity ratio (10.9%) is considered satisfactory.

Reducing Debt: STRT's debt to equity ratio has increased from 6.4% to 10.9% over the past 5 years.

Debt Coverage: STRT's debt is well covered by operating cash flow (99.4%).

Interest Coverage: STRT's interest payments on its debt are well covered by EBIT (24.4x coverage).


Balance Sheet


Dividend

What is Strattec Security current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate STRT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate STRT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if STRT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if STRT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: STRT is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of STRT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.5yrs

Average management tenure


CEO

Frank Krejci (70 yo)

8.58yrs

Tenure

US$561,502

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 F...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD561.50K) is below average for companies of similar size in the US market ($USD997.88K).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: STRT's management team is seasoned and experienced (7.5 years average tenure).


Board Members

Experienced Board: STRT's board of directors are seasoned and experienced ( 22.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: STRT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$193.480m
  • Shares outstanding: 3.79m
  • Website: https://www.strattec.com

Number of Employees


Location

  • Strattec Security Corporation
  • 3333 West Good Hope Road
  • Milwaukee
  • Wisconsin
  • 53209
  • United States

Listings


Biography

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company offers mechanical...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 23:16
End of Day Share Price2021/04/16 00:00
Earnings2020/12/27
Annual Earnings2020/06/28


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.