Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. More Details
IIIN passed our risk checks.
Flawless balance sheet and good value.
Share Price & News
How has Insteel Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IIIN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IIIN exceeded the US Building industry which returned 6.4% over the past year.
Return vs Market: IIIN underperformed the US Market which returned 12% over the past year.
Price Volatility Vs. Market
How volatile is Insteel Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StDoes Insteel Industries's (NASDAQ:IIIN) Statutory Profit Adequately Reflect Its Underlying Profit?
2 weeks ago | Simply Wall StShould You Be Impressed By Insteel Industries' (NASDAQ:IIIN) Returns on Capital?
1 month ago | Simply Wall StReflecting on Insteel Industries' (NASDAQ:IIIN) Share Price Returns Over The Last Three Years
Is Insteel Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IIIN ($21.76) is trading below our estimate of fair value ($27.21)
Significantly Below Fair Value: IIIN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IIIN is good value based on its PE Ratio (22.1x) compared to the US Building industry average (22.5x).
PE vs Market: IIIN is poor value based on its PE Ratio (22.1x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: IIIN is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: IIIN is good value based on its PB Ratio (1.6x) compared to the US Building industry average (2.6x).
How is Insteel Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IIIN's forecast earnings growth (15.4% per year) is above the savings rate (2.2%).
Earnings vs Market: IIIN's earnings (15.4% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: IIIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: IIIN's revenue is expected to decline over the next 3 years (-0.3% per year).
High Growth Revenue: IIIN's revenue is forecast to decline over the next 3 years (-0.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IIIN's Return on Equity is forecast to be high in 3 years time
How has Insteel Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IIIN has high quality earnings.
Growing Profit Margin: IIIN's current net profit margins (4%) are higher than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: IIIN's earnings have declined by 18.5% per year over the past 5 years.
Accelerating Growth: IIIN's earnings growth over the past year (254.5%) exceeds its 5-year average (-18.5% per year).
Earnings vs Industry: IIIN earnings growth over the past year (254.5%) exceeded the Building industry -5.8%.
Return on Equity
High ROE: IIIN's Return on Equity (7.2%) is considered low.
How is Insteel Industries's financial position?
Financial Position Analysis
Short Term Liabilities: IIIN's short term assets ($197.0M) exceed its short term liabilities ($53.7M).
Long Term Liabilities: IIIN's short term assets ($197.0M) exceed its long term liabilities ($19.4M).
Debt to Equity History and Analysis
Debt Level: IIIN is debt free.
Reducing Debt: IIIN had no debt 5 years ago.
Debt Coverage: IIIN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IIIN has no debt, therefore coverage of interest payments is not a concern.
What is Insteel Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IIIN's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: IIIN's dividend (0.55%) is low compared to the top 25% of dividend payers in the US market (4.78%).
Stability and Growth of Payments
Stable Dividend: IIIN is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: IIIN is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: IIIN is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IIIN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Howard Woltz (64 yo)
Mr. Howard Osler Woltz, III has been the Chief Executive Officer of Insteel Industries, Inc. since 1991, President since 1989 and Chairman since February 10, 2009. Mr. Woltz serves as the President of Inst ...
CEO Compensation Analysis
Compensation vs Market: Howard's total compensation ($USD1.77M) is about average for companies of similar size in the US market ($USD1.96M).
Compensation vs Earnings: Howard's compensation has been consistent with company performance over the past year.
|Senior VP & COO||no data||US$913.45k||0.17% |
|VP of Administration & Secretary||13.75yrs||US$481.80k||0.080% |
|VP, CFO & Treasurer||0.42yr||no data||0.016% |
|Chief Accounting Officer & Corporate Controller||15.25yrs||no data||0.14% |
Experienced Management: IIIN's management team is seasoned and experienced (14.5 years average tenure).
|Independent Director||3.08yrs||US$127.81k||0.11% |
|Independent Director||5.08yrs||US$126.56k||0.057% |
|Independent Lead Director||no data||US$132.81k||0.43% |
|Independent Director||2.5yrs||US$115.26k||0.040% |
|Independent Director||4.5yrs||US$126.56k||0.057% |
|Independent Director||1.5yrs||US$27.50k||0.014% |
Experienced Board: IIIN's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IIIN 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.
Insteel Industries, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Insteel Industries, Inc.
- Ticker: IIIN
- Exchange: NasdaqGS
- Founded: 1953
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: US$419.598m
- Shares outstanding: 19.28m
- Website: https://www.insteel.com
Number of Employees
- Insteel Industries, Inc.
- 1373 Boggs Drive
- Mount Airy
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IIIN||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Apr 1985|
|HZ8||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Apr 1985|
Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers pre-stressed concrete strand (P ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/30 23:59|
|End of Day Share Price||2020/10/30 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.