Strattec Security
Market Cap
US$87.1m
Last Updated
2020/10/19 05:43 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
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with reasonable growth potential.
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
-1.5%
STRT
-0.09%
US Auto Components
-0.7%
US Market
1 Year Return
11.7%
STRT
5.2%
US Auto Components
19.9%
US Market
Return vs Industry: STRT exceeded the US Auto Components industry which returned 5.2% over the past year.
Return vs Market: STRT underperformed the US Market which returned 19.9% over the past year.
Shareholder returns
| STRT | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -0.09% | -0.7% |
| 30 Day | 6.3% | 9.8% | 5.8% |
| 90 Day | 2.4% | 15.6% | 8.3% |
| 1 Year | 13.2%11.7% | 6.2%5.2% | 22.7%19.9% |
| 3 Year | -48.3%-50.8% | -11.3%-20.8% | 43.5%33.9% |
| 5 Year | -59.7%-62.7% | 19.2%0.08% | 86.9%65.8% |
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
2 weeks ago | Simply Wall St
What Did Strattec Security's (NASDAQ:STRT) CEO Take Home Last Year?1 month ago | Simply Wall St
Here's Why Strattec Security (NASDAQ:STRT) Can Afford Some Debt5 months ago | Simply Wall St
What Kind Of Shareholders Own Strattec Security Corporation (NASDAQ:STRT)?Valuation
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 ($22.56) is trading below our estimate of fair value ($45.47)
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 US 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 (0.6x) compared to the US Auto Components industry average (1.9x).
Next Steps
Future Growth
How is Strattec Security forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
119.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STRT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: STRT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: STRT's is expected to become profitable in the next 3 years.
Revenue vs Market: STRT's revenue (12.8% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: STRT's revenue (12.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STRT's Return on Equity is forecast to be low in 3 years time (11.2%).
Next Steps
Past Performance
How has Strattec Security performed over the past 5 years?
-48.1%
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 48.1% 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 (-18.5%).
Return on Equity
High ROE: STRT has a negative Return on Equity (-3.34%), as it is currently unprofitable.
Next Steps
Financial Health
How is Strattec Security's financial position?
Financial Position Analysis
Short Term Liabilities: STRT's short term assets ($125.4M) exceed its short term liabilities ($48.1M).
Long Term Liabilities: STRT's short term assets ($125.4M) exceed its long term liabilities ($42.0M).
Debt to Equity History and Analysis
Debt Level: STRT's debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: STRT's debt to equity ratio has increased from 6.5% to 19.9% over the past 5 years.
Debt Coverage: STRT's debt is well covered by operating cash flow (72.6%).
Interest Coverage: Insufficient data to determine if STRT's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
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?
7.0yrs
Average management tenure
CEO
Frank Krejci (70 yo)
8.08yrs
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 about average for companies of similar size in the US market ($USD585.94K).
Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.08yrs | US$561.50k | 1.23% $ 1.1m | |
| Senior VP | 21.67yrs | US$381.76k | 0.36% $ 314.7k | |
| VP of Global Sales & Product Management | 0.75yr | US$350.24k | 0.19% $ 165.8k | |
| Senior Vice President of Operations | 3.58yrs | US$368.92k | 0.51% $ 443.1k | |
| Vice President of Global Sales & Access Control Products | 7yrs | US$376.05k | 0.26% $ 228.8k |
7.0yrs
Average Tenure
54yo
Average Age
Experienced Management: STRT's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.08yrs | US$561.50k | 1.23% $ 1.1m | |
| Independent Director | 25.75yrs | US$109.28k | 0.30% $ 262.8k | |
| Independent Director | 8yrs | US$109.28k | 0.24% $ 206.4k | |
| Non-Executive Chairman | 21.67yrs | US$98.28k | 1.85% $ 1.6m | |
| Independent Director | 14.42yrs | US$114.28k | 0.27% $ 233.5k |
21.7yrs
Average Tenure
70yo
Average Age
Experienced Board: STRT's board of directors are seasoned and experienced ( 21.7 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$87.072m
- Shares outstanding: 3.86m
- 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 Automotive Group brand primarily in North America. The company offers mechanical ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/19 05:43 |
| End of Day Share Price | 2020/10/16 00:00 |
| Earnings | 2020/06/28 |
| Annual Earnings | 2020/06/28 |
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.