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FELE

Franklin ElectricNasdaqGS:FELE Stock Report

Last Price

US$86.64

Market Cap

US$4.0b

7D

-4.2%

1Y

18.3%

Updated

23 Jan, 2022

Data

Company Financials +
FELE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends4/6

FELE Stock Overview

Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide.

Franklin Electric Competitors

Dover

NYSE:DOV

US$25.0b

Ingersoll Rand

NYSE:IR

US$23.3b

Xylem

NYSE:XYL

US$19.3b

IDEX

NYSE:IEX

US$16.7b

Price History & Performance

Summary of all time highs, changes and price drops for Franklin Electric
Historical stock prices
Current Share PriceUS$86.64
52 Week HighUS$96.95
52 Week LowUS$68.66
Beta0.97
1 Month Change-5.23%
3 Month Change-0.87%
1 Year Change18.28%
3 Year Change86.32%
5 Year Change110.29%
Change since IPO8,054.35%

Recent News & Updates

Jan 08
Is Now The Time To Put Franklin Electric (NASDAQ:FELE) On Your Watchlist?

Is Now The Time To Put Franklin Electric (NASDAQ:FELE) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Jan 05

Franklin Electric - Electrified By The Water

Franklin Electric has continued to pursue bolt-on deals after a very strong 2021. The company is still very well positioned as shares have rightfully gained further ground here. Shares appear fair to a bit richly valued, as Franklin has become an interesting water play here, rapidly building up a strong track record.

Dec 02
What Does Franklin Electric Co., Inc.'s (NASDAQ:FELE) Share Price Indicate?

What Does Franklin Electric Co., Inc.'s (NASDAQ:FELE) Share Price Indicate?

While Franklin Electric Co., Inc. ( NASDAQ:FELE ) might not be the most widely known stock at the moment, it received a...

Nov 20
There's Been No Shortage Of Growth Recently For Franklin Electric's (NASDAQ:FELE) Returns On Capital

There's Been No Shortage Of Growth Recently For Franklin Electric's (NASDAQ:FELE) Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

FELEUS MachineryUS Market
7D-4.2%-5.1%-6.1%
1Y18.3%4.6%4.2%

Return vs Industry: FELE exceeded the US Machinery industry which returned 4.6% over the past year.

Return vs Market: FELE exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is FELE's price volatile compared to industry and market?
FELE volatility
FELE Average Weekly Movement3.5%
Machinery Industry Average Movement5.1%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: FELE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FELE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19445,400Gregg Sengstackhttps://www.franklin-electric.com

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.

Franklin Electric Fundamentals Summary

How do Franklin Electric's earnings and revenue compare to its market cap?
FELE fundamental statistics
Market CapUS$4.02b
Earnings (TTM)US$139.09m
Revenue (TTM)US$1.55b

28.9x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FELE income statement (TTM)
RevenueUS$1.55b
Cost of RevenueUS$1.01b
Gross ProfitUS$542.30m
ExpensesUS$403.22m
EarningsUS$139.09m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.00
Gross Margin34.98%
Net Profit Margin8.97%
Debt/Equity Ratio21.3%

How did FELE perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

23%

Payout Ratio

Valuation

Is Franklin Electric undervalued compared to its fair value and its price relative to the market?

2.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FELE ($86.64) is trading below our estimate of fair value ($88.69)

Significantly Below Fair Value: FELE is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FELE is poor value based on its PE Ratio (28.9x) compared to the US Machinery industry average (27.7x).

PE vs Market: FELE is poor value based on its PE Ratio (28.9x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: FELE is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: FELE is overvalued based on its PB Ratio (4.4x) compared to the US Machinery industry average (2.6x).


Future Growth

How is Franklin Electric forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FELE's forecast earnings growth (9.3% per year) is above the savings rate (2%).

Earnings vs Market: FELE's earnings (9.3% per year) are forecast to grow slower than the US market (13% per year).

High Growth Earnings: FELE's earnings are forecast to grow, but not significantly.

Revenue vs Market: FELE's revenue (6.4% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: FELE's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FELE's Return on Equity is forecast to be high in 3 years time (23.3%)


Past Performance

How has Franklin Electric performed over the past 5 years?

9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FELE has high quality earnings.

Growing Profit Margin: FELE's current net profit margins (9%) are higher than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: FELE's earnings have grown by 9.4% per year over the past 5 years.

Accelerating Growth: FELE's earnings growth over the past year (50%) exceeds its 5-year average (9.4% per year).

Earnings vs Industry: FELE earnings growth over the past year (50%) exceeded the Machinery industry 34.4%.


Return on Equity

High ROE: FELE's Return on Equity (15.2%) is considered low.


Financial Health

How is Franklin Electric's financial position?


Financial Position Analysis

Short Term Liabilities: FELE's short term assets ($728.1M) exceed its short term liabilities ($401.5M).

Long Term Liabilities: FELE's short term assets ($728.1M) exceed its long term liabilities ($218.9M).


Debt to Equity History and Analysis

Debt Level: FELE's net debt to equity ratio (13.1%) is considered satisfactory.

Reducing Debt: FELE's debt to equity ratio has reduced from 30.2% to 21.3% over the past 5 years.

Debt Coverage: FELE's debt is well covered by operating cash flow (87.4%).

Interest Coverage: FELE's interest payments on its debt are well covered by EBIT (34.5x coverage).


Balance Sheet


Dividend

What is Franklin Electric current dividend yield, its reliability and sustainability?

0.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FELE's dividend (0.81%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: FELE's dividend (0.81%) is low compared to the top 25% of dividend payers in the US market (3.6%).


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 low payout ratio (22.7%), FELE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FELE's dividends in 3 years are forecast to be well covered by earnings (19.6% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Gregg Sengstack (63 yo)

7.67yrs

Tenure

US$5,953,917

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. He serves as President at Franklin Electric Co., In...


CEO Compensation Analysis

Compensation vs Market: Gregg's total compensation ($USD5.95M) is about average for companies of similar size in the US market ($USD5.29M).

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


Leadership Team

Experienced Management: FELE's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: FELE's board of directors are considered experienced (6.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FELE 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

Franklin Electric Co., Inc.'s 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
  • Implied Market Cap: US$4.023b
  • Shares outstanding: 46.43m
  • Website: https://www.franklin-electric.com

Number of Employees


Location

  • Franklin Electric Co., Inc.
  • 9255 Coverdale Road
  • Fort Wayne
  • Indiana
  • 46809
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:10
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.