Franklin Electric
Market Cap
US$2.5b
Last Updated
2019/11/20 23:36 UTC
Data Sources
Company Financials +
Executive Summary
Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide.
Snowflake
Fundamentals
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Franklin Electric's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FELE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.2%
FELE
-0.7%
US Machinery
0.9%
US Market
1 Year Return
21.9%
FELE
17.8%
US Machinery
16.8%
US Market
Return vs Industry: FELE exceeded the US Machinery industry which returned 17.8% over the past year.
Return vs Market: FELE exceeded the US Market which returned 16.8% over the past year.
Shareholder returns
| FELE | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | -0.7% | 0.9% |
| 30 Day | 7.9% | 6.1% | 4.5% |
| 90 Day | 16.3% | 14.0% | 6.2% |
| 1 Year | 23.3%21.9% | 20.0%17.8% | 19.4%16.8% |
| 3 Year | 38.8%34.4% | 44.3%35.2% | 47.5%38.0% |
| 5 Year | 46.0%38.0% | 57.2%38.1% | 62.0%44.1% |
Price Volatility Vs. Market
How volatile is Franklin Electric's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
How Did Franklin Electric Co., Inc.'s (NASDAQ:FELE) 13% ROE Fare Against The Industry?1 week ago | Simply Wall St
Is Franklin Electric Co., Inc.'s (NASDAQ:FELE) Capital Allocation Ability Worth Your Time?2 weeks ago | Simply Wall St
US$48.67 - That's What Analysts Think Franklin Electric Co., Inc. Is Worth After These ResultsValuation
Is Franklin Electric undervalued compared to its fair value and its price relative to the market?
24.78x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FELE ($53.09) is trading above our estimate of fair value ($32.07)
Significantly Below Fair Value: FELE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FELE is poor value based on its PE Ratio (24.8x) compared to the Machinery industry average (22.3x).
PE vs Market: FELE is poor value based on its PE Ratio (24.8x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FELE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FELE is overvalued based on its PB Ratio (3.2x) compared to the US Machinery industry average (2.4x).
Next Steps
Future Growth
How is Franklin Electric forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
3.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if FELE's forecast earnings growth is above the savings rate (2.7%).
Earnings vs Market: Insufficient data to determine if FELE's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FELE's revenue (3.9% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: FELE's revenue (3.9% 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 FELE's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Franklin Electric performed over the past 5 years?
8.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FELE has high quality earnings.
Growing Profit Margin: FELE's current net profit margins (7.6%) are higher than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: FELE's earnings have grown by 8.5% per year over the past 5 years.
Accelerating Growth: FELE's earnings growth over the past year (11.4%) exceeds its 5-year average (8.5% per year).
Earnings vs Industry: FELE earnings growth over the past year (11.4%) underperformed the Machinery industry 13.5%.
Return on Equity
High ROE: FELE's Return on Equity (12.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Franklin Electric's financial position?
Financial Position Analysis
Short Term Liabilities: FELE's short term assets ($617.6M) exceeds its short term liabilities ($257.2M)
Long Term Liabilities: FELE's short term assets ($617.6M) exceeds its long term liabilities (202.9M)
Debt to Equity History and Analysis
Debt Level: FELE's debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: FELE's debt to equity ratio has reduced from 35% to 22.4% over the past 5 years.
Debt Coverage: FELE's debt is well covered by operating cash flow (91%).
Interest Coverage: FELE's interest payments on its debt are well covered by EBIT (15.3x coverage).
Balance Sheet
Inventory Level: FELE has a high level of physical assets or inventory.
Debt Coverage by Assets: FELE's debt is covered by short term assets (assets are 3.6x debt).
Next Steps
Dividend
What is Franklin Electric's current dividend yield, its reliability and sustainability?
1.09%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FELE's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: FELE's dividend (1.09%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stability and Growth of Payments
Stable Dividend: FELE's dividends per share have been stable in the past 10 years.
Growing Dividend: FELE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.9%), FELE's dividend payments are well covered by earnings.
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 Franklin Electric's salary, the management and board of directors tenure and is there insider trading?
3.2yrs
Average management tenure
CEO
Gregg Sengstack (61yo)
5.5yrs
Tenure
US$5,103,276
Compensation
Mr. Gregg C. Sengstack has been the Chief Executive Officer of Franklin Electric Co., Inc. since May 2, 2014 and has been its Chairman since May 8, 2015, and also serves as its President. Mr. Sengstack ser ...
CEO Compensation Analysis
Compensation vs Market: Gregg's total compensation ($USD5.10M) is about average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: Gregg's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.2yrs
Average Tenure
54yo
Average Age
Experienced Management: FELE's management team is considered experienced (3.2 years average tenure).
Board Age and Tenure
7.1yrs
Average Tenure
66yo
Average Age
Experienced Board: FELE's board of directors are considered experienced (7.1 years average tenure).
Insider Trading
Insider Buying: FELE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Chairman |
| Shares | 8,008 |
| Max Price | US$54.37 |
| Entity | Individual |
| Role | Unit President VP & President of Headwater Companies |
| Shares | 534 |
| Max Price | US$54.60 |
| Entity | Individual |
| Shares | 3,000 |
| Max Price | US$50.00 |
| Entity | Individual |
| Role | Unit President VP & President of Headwater Companies |
| Shares | 3,220 |
| Max Price | US$50.26 |
| Entity | Individual |
| Role | Unit President VP & President of North America Water Systems |
| Shares | 1,313 |
| Max Price | US$46.21 |
| Entity | Individual |
| Role | Unit President VP & President of North America Water Systems |
| Shares | 1,335 |
| Max Price | US$46.40 |
| Entity | Individual |
| Role | Unit President VP & President of North America Water Systems |
| Shares | 1,500 |
| Max Price | US$52.14 |
| Entity | Individual |
| Role | Unit President VP & President of Headwater Companies |
| Shares | 2,885 |
| Max Price | US$52.65 |
| Entity | Individual |
| Role | Unit President VP & President of Headwater Companies |
| Shares | 2,705 |
| Max Price | US$53.75 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$55.21 |
| Entity | Individual |
| Role | Chief Financial Officer VP & CFO |
| Shares | 4,000 |
| Max Price | US$55.18 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Gregg Sengstack (61yo)
Chairman
- Tenure: 5.5yrs
- Compensation: US$5.10m
John Haines (55yo)
VP & CFO
- Tenure: 11.6yrs
- Compensation: US$1.53m
Dee Davis (53yo)
VP & President of Headwater Companies
- Tenure: 2.6yrs
- Compensation: US$1.28m
Jon Grandon (43yo)
VP, Chief Administrative Officer
- Tenure: 3.2yrs
Jay Walsh
VP & President of Franklin Fueling Systems
- Tenure: 0.8yrs
Don Kenney (58yo)
VP & President of North America Water Systems
- Tenure: 2.6yrs
- Compensation: US$1.34m
Julie Freigang (51yo)
VP & Chief Information Officer
- Tenure: 5.8yrs
Board Members
Dave Wathen (66yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$205.00k
Gregg Sengstack (61yo)
Chairman
- Tenure: 5.5yrs
- Compensation: US$5.10m
David Brown (71yo)
Independent Director
- Tenure: 11.8yrs
- Compensation: US$195.00k
Dave Roberts (71yo)
Independent Director
- Tenure: 16.1yrs
- Compensation: US$185.00k
Jennifer Sherman (54yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$195.00k
Thomas VerHage (66yo)
Independent Director
- Tenure: 9.3yrs
- Compensation: US$185.00k
Renee Peterson (57yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: US$195.00k
Company Information
Franklin Electric Co., Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Franklin Electric Co., Inc.
- Ticker: FELE
- Exchange: NasdaqGS
- Founded: 1944
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$2.461b
- Shares outstanding: 46.36m
- Website: https://www.franklin-electric.com
Number of Employees
Location
- Franklin Electric Co., Inc.
- 9255 Coverdale Road
- Fort Wayne
- Indiana
- 46809
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FELE | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Jan 1980 |
| FE4 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1980 |
Biography
Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/20 23:36 |
| End of Day Share Price | 2019/11/20 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.