Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide.
No risks detected for FELE from our risk checks.
Flawless balance sheet average dividend payer.
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.
7 Day Return
1 Year Return
Return vs Industry: FELE matched the US Machinery industry which returned 9.4% over the past year.
Return vs Market: FELE underperformed the US Market which returned 20.3% over the past year.
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
22 hours ago | Simply Wall StIs Franklin Electric Co., Inc.'s (NASDAQ:FELE) 12% ROE Better Than Average?
1 week ago | Simply Wall StHow Much Are Franklin Electric Co., Inc. (NASDAQ:FELE) Insiders Taking Off The Table?
2 weeks ago | Simply Wall StFranklin Electric Co., Inc. (NASDAQ:FELE) Passed Our Checks, And It's About To Pay A US$0.15 Dividend
Is Franklin Electric undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FELE ($59.29) is trading above our estimate of fair value ($40.22)
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 (29.1x) compared to the Machinery industry average (21.3x).
PE vs Market: FELE is poor value based on its PE Ratio (29.1x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: FELE is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: FELE is overvalued based on its PB Ratio (3.5x) compared to the US Machinery industry average (2.2x).
How is Franklin Electric forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FELE's forecast earnings growth (12% per year) is above the savings rate (1.7%).
Earnings vs Market: FELE's earnings (12% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: FELE's earnings are forecast to grow, but not significantly.
Revenue vs Market: FELE's revenue (3.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FELE's revenue (3.8% 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 low in 3 years time (12.5%).
How has Franklin Electric performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FELE has high quality earnings.
Growing Profit Margin: FELE's current net profit margins (7.2%) are lower than last year (8.1%).
Past Earnings Growth Analysis
Earnings Trend: FELE's earnings have grown by 9.3% per year over the past 5 years.
Accelerating Growth: FELE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FELE had negative earnings growth (-9.8%) over the past year, making it difficult to compare to the Machinery industry average (1.5%).
Return on Equity
High ROE: FELE's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
How is Franklin Electric's financial position?
Financial Position Analysis
Short Term Liabilities: FELE's short term assets ($567.4M) exceed its short term liabilities ($185.8M).
Long Term Liabilities: FELE's short term assets ($567.4M) exceed its long term liabilities ($210.5M).
Debt to Equity History and Analysis
Debt Level: FELE's debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: FELE's debt to equity ratio has reduced from 29.4% to 14.4% over the past 5 years.
Debt Coverage: FELE's debt is well covered by operating cash flow (154.5%).
Interest Coverage: FELE's interest payments on its debt are well covered by EBIT (15.7x coverage).
Inventory Level: FELE has a high level of physical assets or inventory.
Debt Coverage by Assets: FELE's debt is covered by short term assets (assets are 4.9x debt).
What is Franklin Electric's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FELE's dividend (1.05%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: FELE's dividend (1.05%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: FELE's dividends per share have been stable in the past 10 years.
Growing Dividend: FELE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.4%), FELE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FELE's dividends in 3 years are forecast to be well covered by earnings (24.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gregg Sengstack (61yo)
Mr. Gregg C. Sengstack has been the Chief Executive Officer of Franklin Electric Co., Inc. since May 2, 2014 and has been its Chairman since May 8, 2015, and also serves as its President. Mr. Sengstack ser ...
CEO Compensation Analysis
Compensation vs Market: Gregg's total compensation ($USD5.10M) is about average for companies of similar size in the US market ($USD4.89M).
Compensation vs Earnings: Gregg's compensation has been consistent with company performance over the past year.
|VP & CFO||11.8yrs||US$1.53m||0.053% $1.5m|
|VP & President of Global Water||2.8yrs||US$1.34m||0.084% $2.3m|
|VP & Chief Information Officer||6.1yrs||no data||0.017% $483.1k|
|VP, Chief Administrative Officer||3.4yrs||no data||0.026% $729.2k|
|VP & President of Headwater Companies||2.8yrs||US$1.28m||0.016% $435.7k|
|VP & President of Franklin Fueling Systems||1.1yrs||no data||0.031% $848.8k|
Experienced Management: FELE's management team is considered experienced (3.4 years average tenure).
|Lead Independent Director||0yrs||US$205.00k||no data|
|Independent Director||12.1yrs||US$195.00k||no data|
|Independent Director||16.3yrs||US$185.00k||0.11% $3.0m|
|Independent Director||5.1yrs||US$195.00k||no data|
|Independent Director||9.6yrs||US$185.00k||no data|
|Director||0.08yrs||no data||no data|
|Independent Director||4.4yrs||US$195.00k||no data|
Experienced Board: FELE's board of directors are considered experienced (5.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Franklin Electric Co., Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Franklin Electric Co., Inc.
- Ticker: FELE
- Exchange: NasdaqGS
- Founded: 1944
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$2.768b
- Shares outstanding: 46.36m
- Website: https://www.franklin-electric.com
Number of Employees
- Franklin Electric Co., Inc.
- 9255 Coverdale Road
- Fort Wayne
- United States
|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|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/21 00:42|
|End of Day Share Price||2020/02/20 00:00|
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.