Franklin Electric
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Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The last earnings update was 46 days ago. More info.
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FELE Share Price and Events
7 Day Returns
1 Year Returns
FELE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Franklin Electric (FELE) | 1.8% | -1.2% | -9.8% | -1.7% | 36.6% | 13.1% |
| US Machinery | 0.3% | -0% | 0.5% | -2% | 42.5% | 20.2% |
| US Market | 0.5% | 0.2% | 1.1% | 0.8% | 37.4% | 37.5% |
1 Year Return vs Industry and Market
- FELE underperformed the Market in United States of America which returned 0.8% over the past year.
FELE 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
Franklin Electric
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 Franklin Electric.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| 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% |
| Machinery Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 21%) (11.77%)) |
1.108 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.11 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.108 * 5.96%) |
9.34% |
Discounted Cash Flow Calculation for NasdaqGS:FELE using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Franklin Electric 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.34%) |
|
|---|---|---|---|
| 2019 | 105.74 | Analyst x2 | 96.71 |
| 2020 | 120.97 | Analyst x2 | 101.20 |
| 2021 | 133.32 | Est @ 10.21% | 102.00 |
| 2022 | 143.94 | Est @ 7.96% | 100.72 |
| 2023 | 153.14 | Est @ 6.39% | 98.01 |
| 2024 | 161.24 | Est @ 5.29% | 94.38 |
| 2025 | 168.54 | Est @ 4.52% | 90.23 |
| 2026 | 175.26 | Est @ 3.99% | 85.82 |
| 2027 | 181.59 | Est @ 3.61% | 81.32 |
| 2028 | 187.66 | Est @ 3.35% | 76.86 |
| Present value of next 10 years cash flows | $927.25 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $187.66 × (1 + 2.73%) ÷ (9.34% – 2.73%) |
$2,918.16 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $2,918.16 ÷ (1 + 9.34%)10 |
$1,195.26 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $927.25 + $1,195.26 |
$2,122.51 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $2,122.51 / 46.41 |
$45.74 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $45.74 |
| Current discount | Discount to share price of
$45.97
= -1 x ($45.97 - $45.74) / $45.74 |
-0.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Franklin Electric 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 Franklin Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Franklin Electric'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 (2019-03-31) in USD | $2.00 |
| NasdaqGS:FELE Share Price ** | NasdaqGS (2019-06-14) in USD | $45.97 |
| United States of America Machinery Industry PE Ratio | Median Figure of 99 Publicly-Listed Machinery Companies | 20.41x |
| United States of America Market PE Ratio | Median Figure of 3,091 Publicly-Listed Companies | 17.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Franklin Electric.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:FELE Share Price ÷ EPS (both in USD) = 45.97 ÷ 2.00 |
22.98x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Franklin Electric is overvalued based on earnings compared to the US Machinery industry average.
- Franklin Electric is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Franklin Electric's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 22.98x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
15.4%per year |
| United States of America Machinery Industry PEG Ratio | Median Figure of 80 Publicly-Listed Machinery Companies | 1.45x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 22.98x ÷ 15.4% |
1.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Franklin Electric is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Franklin Electric's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $15.83 |
| NasdaqGS:FELE Share Price * | NasdaqGS (2019-06-14) in USD | $45.97 |
| United States of America Machinery Industry PB Ratio | Median Figure of 127 Publicly-Listed Machinery Companies | 2.23x |
| United States of America Market PB Ratio | Median Figure of 5,244 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:FELE Share Price ÷ Book Value per Share (both in USD) = 45.97 ÷ 15.83 |
2.9x |
* Primary Listing of Franklin Electric.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Franklin Electric is overvalued based on assets compared to the US Machinery industry average.
Value checks
We assess Franklin Electric'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check) Franklin Electric has a total score of 0/6, 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.
FELE Future Performance
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
- Franklin Electric's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Franklin Electric's earnings growth is expected to exceed the United States of America market average.
- Franklin Electric's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:FELE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 15.4% |
| NasdaqGS:FELE Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 4.6% |
| United States of America Machinery Industry Earnings Growth Rate | Market Cap Weighted Average | 10.2% |
| United States of America Machinery Industry Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*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 (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1,403 | 138 | 120 | 4 |
| 2019-12-31 | 1,342 | 141 | 101 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,293 | 153 | 93 |
| 2018-12-31 | 1,298 | 128 | 105 |
| 2018-09-30 | 1,270 | 87 | 89 |
| 2018-06-30 | 1,239 | 84 | 84 |
| 2018-03-31 | 1,200 | 64 | 83 |
| 2017-12-31 | 1,125 | 67 | 78 |
| 2017-09-30 | 1,076 | 85 | 87 |
| 2017-06-30 | 1,005 | 74 | 86 |
| 2017-03-31 | 952 | 91 | 80 |
| 2016-12-31 | 950 | 115 | 77 |
| 2016-10-01 | 930 | 110 | 75 |
| 2016-07-02 | 922 | 122 | 72 |
| 2016-04-02 | 918 | 121 | 65 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Franklin Electric Company Filings, last reported 2 months 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 |
|---|---|---|---|---|
| 2020-12-31 | 2.57 | 2.65 | 2.47 | 4.00 |
| 2019-12-31 | 2.27 | 2.37 | 2.09 | 3.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.00 |
| 2018-12-31 | 2.25 |
| 2018-09-30 | 1.91 |
| 2018-06-30 | 1.79 |
| 2018-03-31 | 1.78 |
| 2017-12-31 | 1.67 |
| 2017-09-30 | 1.87 |
| 2017-06-30 | 1.86 |
| 2017-03-31 | 1.72 |
| 2016-12-31 | 1.67 |
| 2016-10-01 | 1.63 |
| 2016-07-02 | 1.56 |
| 2016-04-02 | 1.39 |
*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 Franklin Electric will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Franklin Electric'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)
Franklin Electric has a total score of 2/6, 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.
FELE Past Performance
How has Franklin Electric 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
- Franklin Electric's year on year earnings growth rate has been positive over the past 5 years.
- Franklin Electric's 1-year earnings growth exceeds its 5-year average (12.1% vs 5.7%)
- Franklin Electric's earnings growth has not exceeded the US Machinery industry average in the past year (12.1% vs 28.5%).
Earnings and Revenue History
All data from Franklin Electric Company Filings, last reported 2 months 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 |
|---|---|---|---|---|
| 2019-03-31 | 1,293.21 | 93.06 | 301.73 | |
| 2018-12-31 | 1,298.13 | 105.08 | 298.71 | |
| 2018-09-30 | 1,269.66 | 89.05 | 292.99 | |
| 2018-06-30 | 1,238.91 | 83.51 | 291.06 | |
| 2018-03-31 | 1,200.29 | 83.02 | 283.13 | |
| 2017-12-31 | 1,124.91 | 77.58 | 265.05 | |
| 2017-09-30 | 1,076.30 | 86.95 | 248.61 | |
| 2017-06-30 | 1,004.95 | 86.05 | 235.04 | |
| 2017-03-31 | 951.68 | 79.72 | 225.56 | |
| 2016-12-31 | 949.86 | 77.05 | 221.13 | |
| 2016-10-01 | 929.55 | 75.26 | 215.06 | |
| 2016-07-02 | 922.28 | 72.33 | 206.21 | |
| 2016-04-02 | 917.63 | 64.81 | 202.14 | |
| 2016-01-02 | 924.92 | 71.45 | 204.05 | |
| 2015-10-03 | 959.48 | 58.69 | 217.45 | |
| 2015-07-04 | 1,005.05 | 60.33 | 222.86 | |
| 2015-04-04 | 1,042.08 | 71.04 | 225.36 | |
| 2015-01-03 | 1,047.78 | 68.21 | 225.31 | |
| 2014-09-27 | 1,023.59 | 78.41 | 214.37 | |
| 2014-06-28 | 995.38 | 81.00 | 209.05 | |
| 2014-03-29 | 974.36 | 82.16 | 205.56 | |
| 2013-12-28 | 965.46 | 80.76 | 203.91 | |
| 2013-09-28 | 940.98 | 80.30 | 197.34 | |
| 2013-06-29 | 928.69 | 77.50 | 197.92 | |
| 2013-03-30 | 911.95 | 74.47 | 191.50 | |
| 2012-12-29 | 891.35 | 82.26 | 186.79 | |
| 2012-09-29 | 873.41 | 81.56 | 184.12 | |
| 2012-06-30 | 860.25 | 78.72 | 180.26 |
*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.
- Franklin Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Franklin Electric used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
- Franklin Electric has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Franklin Electric'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 Machinery 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)
Franklin Electric has a total score of 4/6, 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.
FELE Health
How is Franklin Electric'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 Franklin Electric's finances.
The net worth of a company is the difference between its assets and liabilities.
- Franklin Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Franklin Electric'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 2.7x 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 Franklin Electric Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 736.60 | 251.17 | 54.36 |
| 2018-12-31 | 736.35 | 206.35 | 59.17 |
| 2018-09-30 | 736.96 | 217.08 | 41.17 |
| 2018-06-30 | 715.79 | 262.72 | 70.04 |
| 2018-03-31 | 723.92 | 278.02 | 67.37 |
| 2017-12-31 | 704.12 | 226.05 | 67.23 |
| 2017-09-30 | 702.13 | 229.69 | 60.13 |
| 2017-06-30 | 673.38 | 271.41 | 55.10 |
| 2017-03-31 | 645.66 | 189.95 | 70.65 |
| 2016-12-31 | 622.74 | 190.26 | 104.33 |
| 2016-10-01 | 629.79 | 190.13 | 78.98 |
| 2016-07-02 | 609.18 | 212.88 | 71.58 |
| 2016-04-02 | 587.66 | 232.59 | 74.64 |
| 2016-01-02 | 566.32 | 220.75 | 81.56 |
| 2015-10-03 | 559.94 | 243.24 | 84.90 |
| 2015-07-04 | 604.31 | 225.35 | 63.03 |
| 2015-04-04 | 595.33 | 246.43 | 69.59 |
| 2015-01-03 | 605.40 | 177.79 | 59.14 |
| 2014-09-27 | 642.12 | 227.32 | 77.42 |
| 2014-06-28 | 643.48 | 245.17 | 87.68 |
| 2014-03-29 | 621.47 | 204.26 | 102.14 |
| 2013-12-28 | 603.39 | 189.53 | 134.55 |
| 2013-09-28 | 579.34 | 190.68 | 118.07 |
| 2013-06-29 | 552.17 | 192.29 | 77.09 |
| 2013-03-30 | 535.00 | 190.80 | 74.67 |
| 2012-12-29 | 522.25 | 165.91 | 103.34 |
| 2012-09-29 | 520.47 | 168.54 | 95.72 |
| 2012-06-30 | 489.44 | 172.01 | 86.25 |
- Franklin Electric's level of debt (30.6%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (33% vs 30.6% today).
- Debt is well covered by operating cash flow (67.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 13.4x coverage).
Financial health checks
We assess Franklin Electric'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) Franklin Electric has a total score of 6/6, 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.
FELE Dividends
What is Franklin Electric'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
Franklin Electric
shares you are expected to receive
$25
in your first year as a dividend.
Dividend Amount
- Franklin Electric's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- Franklin Electric's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
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 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Machinery Industry Average Dividend Yield | Market Cap Weighted Average of 77 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 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 | 3.7% |
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 |
|---|---|---|
| 2020-12-31 | 0.53 | 2.00 |
| 2019-12-31 | 0.53 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-22 | 0.580 | 1.256 |
| 2019-01-22 | 0.580 | 1.147 |
| 2018-10-22 | 0.480 | 1.110 |
| 2018-07-23 | 0.480 | 1.011 |
| 2018-04-23 | 0.480 | 1.053 |
| 2018-01-22 | 0.430 | 1.020 |
| 2017-10-23 | 0.430 | 0.954 |
| 2017-07-24 | 0.430 | 1.040 |
| 2017-04-24 | 0.430 | 1.074 |
| 2017-01-23 | 0.400 | 0.966 |
| 2016-10-24 | 0.400 | 1.021 |
| 2016-07-25 | 0.400 | 1.035 |
| 2016-04-21 | 0.400 | 1.192 |
| 2016-01-25 | 0.390 | 1.307 |
| 2015-10-30 | 0.390 | 1.343 |
| 2015-08-03 | 0.390 | 1.366 |
| 2015-05-08 | 0.390 | 1.216 |
| 2015-01-28 | 0.360 | 0.978 |
| 2014-10-24 | 0.360 | 0.984 |
| 2014-07-24 | 0.360 | 0.980 |
| 2014-05-02 | 0.360 | 0.925 |
| 2014-01-27 | 0.310 | 0.752 |
| 2013-10-25 | 0.310 | 0.736 |
| 2013-07-26 | 0.310 | 0.817 |
| 2013-05-03 | 0.310 | 0.892 |
| 2013-01-28 | 0.290 | 0.893 |
| 2012-10-26 | 0.290 | 0.957 |
| 2012-07-27 | 0.290 | 1.007 |
| 2012-05-04 | 0.290 | 1.150 |
| 2012-01-30 | 0.270 | 1.067 |
| 2011-10-28 | 0.270 | 1.172 |
| 2011-07-29 | 0.270 | 1.343 |
| 2011-05-06 | 0.270 | 1.213 |
| 2011-02-03 | 0.260 | 1.193 |
| 2010-11-01 | 0.260 | 1.313 |
| 2010-07-28 | 0.260 | 1.559 |
| 2010-02-05 | 0.250 | 1.662 |
| 2009-07-27 | 0.250 | 1.699 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Franklin Electric'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 Franklin Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Franklin Electric has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
FELE Management
CEO
| COMPENSATION | $5,103,276 |
| AGE | 60 |
| TENURE AS CEO | 5.1 years |
CEO Bio
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 served as President of Franklin Electric Co., Inc since December 05, 2011 until 2015. Mr. Sengstack served as the Chief Operating Officer of Franklin Electric Co. Inc from December 05, 2011 to May 2, 2014. Mr. Sengstack joined Franklin Electric Co. in 1988 and has worked on numerous acquisitions in the U.S. and overseas during his career. Mr. Sengstack served as Senior Vice President of FE and President of International Water Systems & Fueling Group at Franklin Electric Co. Inc. from 2005 to 2011. Mr. Sengstack is responsible for Franklin Electric's Water Systems business in the Pacific Rim as well as its Fueling Systems business unit. He served as Senior Vice President of Franklin Electric Co. Inc. from 1999 to June 2005 and again served in the same position since June 2005. He served as the President of International and Fueling Group at Franklin Electric Co. Inc., since June 2005. Mr. Sengstack served as the Chief Financial Officer and Secretary at Franklin Electric Co. Inc. from 1999 to June 2005 and also served as the Principal Accounting Officer until June 2005. He has been an Independent Director of Woodward, Inc. since September 21, 2011 and Franklin Electric Co., Inc. since May 2, 2014. He serves as a Director of Indiana Tech and the Canterbury School. He is also a Certified Public Accountant and certified as an airline transport pilot and flight instructor. Mr. Sengstack bachelor's degree in math and economics from Bucknell University, Pennsylvania and received his MBA from the University of Chicago.
CEO Compensation
- Gregg's compensation has been consistent with company performance over the past year, both up more than 20%.
- Gregg's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Franklin Electric management team in years:
- The tenure for the Franklin Electric management team is about average.
Management Team
Gregg Sengstack
Chairman
$5M
60
5.1 yrs
John Haines
VP & CFO
$2M
54
11.2 yrs
Don Kenney
VP & President of North America Water Systems
$1M
57
2.2 yrs
Julie Freigang
VP & Chief Information Officer
50
5.4 yrs
Jon Grandon
VP, Chief Administrative Officer
42
2.8 yrs
Dee Davis
VP & President of Headwater Companies
$1M
52
2.2 yrs
Jay Walsh
VP & President of Franklin Fueling Systems
0.4 yrs
Board of Directors Tenure
Average tenure and age of the Franklin Electric board of directors in years:
- The tenure for the Franklin Electric board of directors is about average.
Board of Directors
David Brown
Independent Director
$195K
70
11.4 yrs
Gregg Sengstack
Chairman
$5M
60
4.1 yrs
Jennifer Sherman
Independent Director
$195K
53
4.4 yrs
Renee Peterson
Director
$195K
56
3.8 yrs
Dave Wathen
Lead Independent Director
$205K
65
Dave Roberts
Independent Director
$185K
70
15.7 yrs
Thomas VerHage
Independent Director
$185K
65
8.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 25. Apr 19 | Sell | Donald Kenney | Individual | 25. Apr 19 | 25. Apr 19 | -1,335 | $46.40 | $-61,941 | ||
| 08. Mar 19 | Sell | Donald Kenney | Individual | 07. Mar 19 | 07. Mar 19 | -1,500 | $52.14 | $-78,208 | ||
| 07. Mar 19 | Sell | DeLancey Davis | Individual | 06. Mar 19 | 06. Mar 19 | -2,885 | $52.65 | $-151,895 | ||
| 28. Feb 19 | Sell | DeLancey Davis | Individual | 28. Feb 19 | 28. Feb 19 | -2,705 | $53.75 | $-145,394 | ||
| 26. Feb 19 | Sell | Thomas VerHage | Individual | 25. Feb 19 | 25. Feb 19 | -2,000 | $55.21 | $-110,420 | ||
| 22. Feb 19 | Sell | John Haines | Individual | 21. Feb 19 | 21. Feb 19 | -4,000 | $55.18 | $-220,720 | ||
| 13. Nov 18 | Sell | John Haines | Individual | 09. Nov 18 | 09. Nov 18 | -2,000 | $45.25 | $-90,500 | ||
| 08. Aug 18 | Sell | Donald Kenney | Individual | 07. Aug 18 | 07. Aug 18 | -1,500 | $49.00 | $-73,500 | ||
Management checks
We assess Franklin Electric'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) Franklin Electric 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.
FELE News
Simply Wall St News
Does Franklin Electric Co., Inc.'s (NASDAQ:FELE) 12% Earnings Growth Make It An Outperformer?
Check out our latest analysis for Franklin Electric Did FELE's recent earnings growth beat the long-term trend and the industry? … Well, let’s take a look at whether it is only attributable to industry tailwinds, or if Franklin Electric has experienced some company-specific growth. … You should continue to research Franklin Electric to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for FELE’s future growth?
Simply Wall St - – Full articleIs Franklin Electric Co., Inc. (NASDAQ:FELE) Overpaying Its CEO?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for Franklin Electric How Does Gregg Sengstack's Compensation Compare With Similar Sized Companies? … The graphic below shows how CEO compensation at Franklin Electric has changed from year to year.
Simply Wall St - – Full articleHave Insiders Been Selling Franklin Electric Co., Inc. (NASDAQ:FELE) Shares?
Check out our latest analysis for Franklin Electric The Last 12 Months Of Insider Transactions At Franklin Electric Over the last year, we can see that the biggest insider sale was by the VP & CFO, John Haines, for US$221k worth of shares, at about US$55.18 per share. … Insiders at Franklin Electric Have Sold Stock Recently The last quarter saw substantial insider selling of Franklin Electric shares. … Franklin Electric insiders own about US$348m worth of shares (which is 17% of the company).
Simply Wall St - – Full articleIs Franklin Electric Co., Inc. (NASDAQ:FELE) A Financially Strong Company?
See our latest analysis for Franklin Electric Does FELE Produce Much Cash Relative To Its Debt? … Moreover, FELE has generated US$153m in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 61%, signalling that FELE’s operating cash is sufficient to cover its debt. … Next Steps: FELE has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at an appropriate level.
Simply Wall St - – Full articleIf You Like EPS Growth Then Check Out Franklin Electric (NASDAQ:FELE) Before It's Too Late
But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' So if you're like me, you might be more interested in profitable, growing companies, like Franklin Electric (NASDAQ:FELE). … See our latest analysis for Franklin Electric Franklin Electric's Earnings Per Share Are Growing. … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats).
Simply Wall St - – Full articleHow Does Investing In Franklin Electric Co., Inc. (NASDAQ:FELE) Impact The Volatility Of Your Portfolio?
Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleHas Franklin Electric Co., Inc. (NASDAQ:FELE) Been Employing Capital Shrewdly?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleYou Have To Love Franklin Electric Co., Inc.'s (NASDAQ:FELE) Dividend
Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … While Franklin Electric's 1.1% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.
Simply Wall St - – Full articleFranklin Electric Co., Inc. (NASDAQ:FELE): The Yield That Matters The Most
I will take you through Franklin Electric’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Franklin Electric generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … The two ways to assess whether Franklin Electric’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow
Simply Wall St - – Full articleTaking A Look At Franklin Electric Co., Inc.'s (NASDAQ:FELE) ROE
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Franklin Electric has a return on equity of 14% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleFELE Company Info
Description
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, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment. Its motors and pumps are used principally for pumping clean water and wastewater in various residential, agricultural, and industrial applications; and electronic drives and controls are used in motors for controlling functionality, as well as providing protection from various hazards, such as electrical surges, over-heating, and dry wells and tanks. The Fueling Systems segment provides pumps, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment primarily for use in submersible fueling system applications. Its fuel pumping systems are used principally in total system solutions for underground gasoline, diesel, and biofuel systems. This segment serves other energy markets, such as power reliability systems, as well as includes intelligent electronic devices for online monitoring of the power utility, hydroelectric, and industrial markets. The Distribution segment sells to and provides pre-sale support and specifications to the installing contractors. It sells products produced by the Water Systems segment and other brands. The company sells its products to wholesale and retail distributors, specialty distributors, original equipment manufacturers, industrial and petroleum equipment distributors, and oil and utility companies through its employee sales force and independent manufacturing representatives. Franklin Electric Co., Inc. was founded in 1944 and is headquartered in Fort Wayne, Indiana.
Details
| Name: | Franklin Electric Co., Inc. |
| FELE | |
| Exchange: | NasdaqGS |
| Founded: | 1944 |
| $2,133,264,420 | |
| 46,405,578 | |
| Website: | http://www.franklin-electric.com |
| Address: |
Franklin Electric Co., Inc. 9255 Coverdale Road, Fort Wayne, Indiana, 46809, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | FELE | Common Shares | Nasdaq Global Select | US | USD | 02. Jan 1980 | |
| DB | FE4 | Common Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1980 |
Number of employees
Current staff
Industry
| Industrial Machinery | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/15 23:38 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/06/05 |
| Last earnings filing: | 2019/04/30 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
