National Presto Industries
Market Cap
US$470.1m
Last Updated
2020/03/30 01:44 UTC
Data Sources
Company Financials
Executive Summary
National Presto Industries Inc. provides housewares and small appliances, and defense and safety products primarily in North America.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has National Presto Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NPK's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-16.1%
NPK
23.5%
US Aerospace & Defense
12.5%
US Market
1 Year Return
-38.0%
NPK
-10.8%
US Aerospace & Defense
-12.7%
US Market
Return vs Industry: NPK underperformed the US Aerospace & Defense industry which returned -10.8% over the past year.
Return vs Market: NPK underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| NPK | Industry | Market | |
|---|---|---|---|
| 7 Day | -16.1% | 23.5% | 12.5% |
| 30 Day | -14.6% | -17.0% | -14.7% |
| 90 Day | -24.1% | -23.7% | -21.5% |
| 1 Year | -33.3%-38.0% | -9.2%-10.8% | -10.9%-12.7% |
| 3 Year | -19.5%-33.0% | 10.3%4.4% | 12.6%5.4% |
| 5 Year | 39.6%3.9% | 39.9%26.7% | 31.9%17.5% |
Price Volatility Vs. Market
How volatile is National Presto Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is National Presto Industries, Inc. (NYSE:NPK) Overpaying Its CEO?1 month ago | Simply Wall St
Tread With Caution Around National Presto Industries, Inc.'s (NYSE:NPK) 6.7% Dividend Yield1 month ago | Simply Wall St
Are National Presto Industries's (NYSE:NPK) Statutory Earnings A Good Reflection Of Its Earnings Potential?Valuation
Is National Presto Industries undervalued compared to its fair value and its price relative to the market?
36.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NPK ($67.09) is trading below our estimate of fair value ($104.86)
Significantly Below Fair Value: NPK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NPK is good value based on its PE Ratio (11.6x) compared to the Aerospace & Defense industry average (15x).
PE vs Market: NPK is good value based on its PE Ratio (11.6x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NPK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NPK is good value based on its PB Ratio (1.3x) compared to the US Aerospace & Defense industry average (1.8x).
Next Steps
Future Growth
How is National Presto Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
11.3%
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as National Presto Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether National Presto Industries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- National Presto Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has National Presto Industries performed over the past 5 years?
2.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NPK has high quality earnings.
Growing Profit Margin: NPK's current net profit margins (13.1%) are higher than last year (12.3%).
Past Earnings Growth Analysis
Earnings Trend: NPK's earnings have grown by 2.7% per year over the past 5 years.
Accelerating Growth: NPK's earnings growth over the past year (1.6%) is below its 5-year average (2.7% per year).
Earnings vs Industry: NPK earnings growth over the past year (1.6%) underperformed the Aerospace & Defense industry 3.8%.
Return on Equity
High ROE: NPK's Return on Equity (11%) is considered low.
Next Steps
Financial Health
How is National Presto Industries's financial position?
Financial Position Analysis
Short Term Liabilities: NPK's short term assets ($337.8M) exceed its short term liabilities ($39.3M).
Long Term Liabilities: NPK's short term assets ($337.8M) exceed its long term liabilities ($3.0M).
Debt to Equity History and Analysis
Debt Level: NPK is debt free.
Reducing Debt: NPK has not had any debt for past 5 years.
Debt Coverage: NPK has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NPK has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: NPK has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if NPK's debt is covered by short term assets.
Next Steps
Dividend
What is National Presto Industries's current dividend yield, its reliability and sustainability?
8.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NPK's dividend (8.94%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: NPK's dividend (8.94%) is in the top 25% of dividend payers in the US market (5.49%)
Stability and Growth of Payments
Stable Dividend: NPK's dividend payments have been volatile in the past 10 years.
Growing Dividend: NPK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.3%), NPK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Maryjo Cohen (66yo)
25.83s
Tenure
US$719,493
Compensation
Ms. Maryjo J. Cohen has been the Chief Executive Officer of National Presto Industries Inc. since May 1994 and has been its President since May 1989. Ms. Cohen serves as a Treasurer of Presto Manufacturing ...
CEO Compensation Analysis
Compensation vs Market: Maryjo's total compensation ($USD719.49K) is below average for companies of similar size in the US market ($USD2.17M).
Compensation vs Earnings: Maryjo's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 25.83yrs | US$719.49k | 24.05% $113.0m | |
| Former VP | 1.25yrs | US$423.06k | 2.06% $9.7m | |
| Vice President of Sales | 2.5yrs | US$343.38k | 0.016% $76.9k | |
| Director of Financial Reporting & Treasurer | 0.83yr | no data | 0.011% $49.8k |
1.9yrs
Average Tenure
57.5yo
Average Age
Experienced Management: NPK's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 25.83yrs | US$719.49k | 24.05% $113.0m | |
| Director | 11.25yrs | US$691.34k | 0.12% $571.1k | |
| Presiding Director | no data | US$39.50k | 0.034% $161.0k | |
| Independent Director | 19.17yrs | US$41.00k | 0.010% $47.0k | |
| Independent Director | 14.42yrs | US$41.00k | 0.020% $92.7k |
16.3yrs
Average Tenure
69yo
Average Age
Experienced Board: NPK's board of directors are seasoned and experienced ( 16.3 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
National Presto Industries, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: National Presto Industries, Inc.
- Ticker: NPK
- Exchange: NYSE
- Founded: 1905
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$470.054m
- Shares outstanding: 7.01m
- Website: https://www.gopresto.com
Number of Employees
Location
- National Presto Industries, Inc.
- 3925 North Hastings Way
- Eau Claire
- Wisconsin
- 54703-3703
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NPK | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 1969 |
Biography
National Presto Industries Inc. provides housewares and small appliances, and defense and safety products primarily in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers under the Presto Control Master brand; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers. This segment sells its products directly to retailers, as well as through independent distributors. Its Defense segment manufactures and sells 40mm ammunition, precision mechanical and electro-mechanical assemblies, and medium caliber cartridge cases; and detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials. It also performs load, assemble, and pack operations on ordnance-related products. This segment primarily serves the United States Department of Defense (DOD) and DOD prime contractors. The company’s Safety segment designs and markets fire extinguishers; and systems to monitor freezers and refrigerators detecting and alerting users to potential safety issues around pharmaceuticals and food. National Presto Industries Inc. was founded in 1905 and is based in Eau Claire, Wisconsin.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 01:44 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.