Insteel Industries
Market Cap
US$525.0m
Last Updated
2021/01/24 00:14 UTC
Data Sources
Company Financials +
Executive Summary
Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. More Details
Rewards
Risk Analysis
No risks detected for IIIN from our risk checks.
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IIIN's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
11.3%
IIIN
1.9%
US Building
2.3%
US Market
1 Year Return
13.8%
IIIN
25.9%
US Building
23.8%
US Market
Return vs Industry: IIIN underperformed the US Building industry which returned 25.9% over the past year.
Return vs Market: IIIN underperformed the US Market which returned 23.8% over the past year.
Shareholder returns
| IIIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.3% | 1.9% | 2.3% |
| 30 Day | 17.9% | 7.6% | 4.8% |
| 90 Day | 25.8% | 16.8% | 14.5% |
| 1 Year | 21.7%13.8% | 34.1%25.9% | 26.6%23.8% |
| 3 Year | -11.6%-18.2% | 46.8%34.8% | 45.0%35.4% |
| 5 Year | 29.2%10.9% | 147.3%112.6% | 126.2%101.0% |
Long-Term 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
6 hours ago | Simply Wall St
Insteel Industries, Inc. Just Recorded A 42% EPS Beat: Here's What Analysts Are Forecasting Next1 week ago | Simply Wall St
What Do The Returns On Capital At Insteel Industries (NASDAQ:IIIN) Tell Us?3 weeks ago | Simply Wall St
Insteel Industries'(NASDAQ:IIIN) Share Price Is Down 23% Over The Past Three Years.Valuation
Is Insteel Industries undervalued compared to its fair value and its price relative to the market?
19.71x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IIIN ($27.18) is trading above our estimate of fair value ($18.33)
Significantly Below Fair Value: IIIN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IIIN is good value based on its PE Ratio (19.7x) compared to the US Building industry average (24.4x).
PE vs Market: IIIN is good value based on its PE Ratio (19.7x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: IIIN is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: IIIN is good value based on its PB Ratio (2.2x) compared to the US Building industry average (3.3x).
Next Steps
Future Growth
How is Insteel Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
8.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IIIN's forecast earnings growth (8.7% per year) is above the savings rate (2%).
Earnings vs Market: IIIN's earnings (8.7% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: IIIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: IIIN's revenue (5.3% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: IIIN's revenue (5.3% 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 IIIN's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Insteel Industries performed over the past 5 years?
-18.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IIIN has high quality earnings.
Growing Profit Margin: IIIN's current net profit margins (5.4%) are higher than last year (0.5%).
Past Earnings Growth Analysis
Earnings Trend: IIIN's earnings have declined by 18.4% per year over the past 5 years.
Accelerating Growth: IIIN's earnings growth over the past year (1084.4%) exceeds its 5-year average (-18.4% per year).
Earnings vs Industry: IIIN earnings growth over the past year (1084.4%) exceeded the Building industry 17.1%.
Return on Equity
High ROE: IIIN's Return on Equity (10.9%) is considered low.
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Financial Health
How is Insteel Industries's financial position?
Financial Position Analysis
Short Term Liabilities: IIIN's short term assets ($168.9M) exceed its short term liabilities ($46.8M).
Long Term Liabilities: IIIN's short term assets ($168.9M) 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.
Balance Sheet
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Dividend
What is Insteel Industries's current dividend yield, its reliability and sustainability?
0.44%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IIIN's dividend (0.44%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: IIIN's dividend (0.44%) is low compared to the top 25% of dividend payers in the US market (3.86%).
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.
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Management
How experienced are the management team and are they aligned to shareholders interests?
14.0yrs
Average management tenure
CEO
Howard Woltz (64 yo)
30yrs
Tenure
US$1,975,072
Compensation
Mr. Howard Osler Woltz, III has been the Chief Executive Officer of Insteel Industries, Inc. since 1991, President since 1989 and Chairman since February 10, 2009. Mr. Woltz serves as the President of Inst...
CEO Compensation Analysis
Compensation vs Market: Howard's total compensation ($USD1.98M) is about average for companies of similar size in the US market ($USD1.65M).
Compensation vs Earnings: Howard's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 30yrs | US$1.98m | 3.55% $ 18.6m | |
| Senior VP | 0.67yr | US$402.39k | 0% $ 0 | |
| Senior VP & COO | 0.25yr | US$1.00m | 0.16% $ 863.0k | |
| VP of Administration | 14yrs | US$593.68k | 0.085% $ 445.3k | |
| VP, Chief Accounting Officer & Corporate Controller | 15.5yrs | no data | 0.17% $ 867.2k |
14.0yrs
Average Tenure
62.5yo
Average Age
Experienced Management: IIIN's management team is seasoned and experienced (14 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 30yrs | US$1.98m | 3.55% $ 18.6m | |
| Independent Director | 3.33yrs | US$130.32k | 0.11% $ 556.2k | |
| Independent Director | 5.33yrs | US$125.32k | 0.056% $ 296.3k | |
| Independent Lead Director | no data | US$130.32k | 0.43% $ 2.2m | |
| Independent Director | 2.75yrs | US$115.32k | 0.040% $ 211.5k | |
| Independent Director | 4.75yrs | US$125.32k | 0.057% $ 296.7k | |
| Independent Director | 1.75yrs | US$115.24k | 0% $ 0 |
4.0yrs
Average Tenure
64yo
Average Age
Experienced Board: IIIN's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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
Insteel Industries, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Insteel Industries, Inc.
- Ticker: IIIN
- Exchange: NasdaqGS
- Founded: 1953
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: US$524.954m
- Shares outstanding: 19.31m
- Website: https://www.insteel.com
Number of Employees
Location
- Insteel Industries, Inc.
- 1373 Boggs Drive
- Mount Airy
- North Carolina
- 27030
- United States
Listings
| 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 |
Biography
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 | 2021/01/24 00:14 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2021/01/02 |
| Annual Earnings | 2020/10/03 |
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.