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National Presto Industries

NYSE:NPK
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NPK
NYSE
$657M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

National Presto Industries Inc. provides housewares and small appliances, and defense products primarily in North America. The last earnings update was 46 days ago. More info.


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NPK Share Price and Events
7 Day Returns
2.4%
NYSE:NPK
3.1%
US Aerospace & Defense
1.4%
US Market
1 Year Returns
-26.6%
NYSE:NPK
6.9%
US Aerospace & Defense
4.9%
US Market
NPK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
National Presto Industries (NPK) 2.4% -7.2% -16.1% -26.6% 6.1% 28.2%
US Aerospace & Defense 3.1% 4.2% 10.9% 6.9% 48.3% 66.7%
US Market 1.4% 3.8% 3.5% 4.9% 44.8% 40.1%
1 Year Return vs Industry and Market
  • NPK underperformed the Aerospace & Defense industry which returned 6.9% over the past year.
  • NPK underperformed the Market in United States of America which returned 4.9% over the past year.
Price Volatility
NPK
Industry
5yr Volatility vs Market
Related Companies

Value

 Is National Presto Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of National Presto Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for National Presto Industries.

NYSE:NPK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:NPK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.88 (1 + (1- 21%) (0.58%))
0.922
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.922 * 5.96%)
8.23%

Discounted Cash Flow Calculation for NYSE:NPK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for National Presto Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:NPK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.23%)
2019 29.49 Est @ -22.82% 27.24
2020 25.02 Est @ -15.16% 21.36
2021 22.57 Est @ -9.79% 17.80
2022 21.20 Est @ -6.04% 15.46
2023 20.48 Est @ -3.41% 13.79
2024 20.16 Est @ -1.57% 12.55
2025 20.11 Est @ -0.28% 11.56
2026 20.23 Est @ 0.63% 10.75
2027 20.49 Est @ 1.26% 10.06
2028 20.83 Est @ 1.7% 9.45
Present value of next 10 years cash flows $150.02
NYSE:NPK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $20.83 × (1 + 2.73%) ÷ (8.23% – 2.73%)
$389.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $389.41 ÷ (1 + 8.23%)10
$176.64
NYSE:NPK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $150.02 + $176.64
$326.65
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $326.65 / 7.00
$46.7
NYSE:NPK Discount to Share Price
Calculation Result
Value per share (USD) From above. $46.70
Current discount Discount to share price of $93.91
= -1 x ($93.91 - $46.70) / $46.70
-101.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of National Presto Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for National Presto Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are National Presto Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:NPK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $4.97
NYSE:NPK Share Price ** NYSE (2019-06-25) in USD $93.91
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 38 Publicly-Listed Aerospace & Defense Companies 22.97x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of National Presto Industries.

NYSE:NPK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NPK Share Price ÷ EPS (both in USD)

= 93.91 ÷ 4.97

18.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • National Presto Industries is good value based on earnings compared to the US Aerospace & Defense industry average.
  • National Presto Industries is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does National Presto Industries's expected growth come at a high price?
Raw Data
NYSE:NPK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.7%per year
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 33 Publicly-Listed Aerospace & Defense Companies 1.98x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for National Presto Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on National Presto Industries's assets?
Raw Data
NYSE:NPK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $47.27
NYSE:NPK Share Price * NYSE (2019-06-25) in USD $93.91
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 55 Publicly-Listed Aerospace & Defense Companies 2.66x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.79x
NYSE:NPK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NPK Share Price ÷ Book Value per Share (both in USD)

= 93.91 ÷ 47.27

1.99x

* Primary Listing of National Presto Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • National Presto Industries is good value based on assets compared to the US Aerospace & Defense industry average.
X
Value checks
We assess National Presto Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. National Presto Industries has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is National Presto Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover National Presto Industries, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is National Presto Industries expected to grow at an attractive rate?
  • National Presto Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • National Presto Industries's earnings growth is positive but not above the United States of America market average.
  • Unable to compare National Presto Industries's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:NPK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:NPK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.7%
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:NPK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:NPK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 310 46 35
2018-12-31 323 76 40
2018-09-30 353 100 44
2018-07-01 342 68 46
2018-04-01 338 41 44
2017-12-31 334 24 43
2017-10-01 350 34 47
2017-07-02 354 46 46
2017-04-02 349 79 45
2016-12-31 342 66 42
2016-10-02 271 51 39
2016-07-03 288 47 39
2016-04-03 321 37 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • National Presto Industries's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if National Presto Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:NPK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from National Presto Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NPK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 4.97
2018-12-31 5.69
2018-09-30 6.29
2018-07-01 6.60
2018-04-01 6.34
2017-12-31 6.20
2017-10-01 6.72
2017-07-02 6.65
2017-04-02 6.51
2016-12-31 6.01
2016-10-02 5.60
2016-07-03 5.66
2016-04-03 5.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if National Presto Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess National Presto Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
National Presto Industries has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has National Presto Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare National Presto Industries's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • National Presto Industries's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • National Presto Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • National Presto Industries's 1-year earnings growth is negative, it can't be compared to the US Aerospace & Defense industry average.
Earnings and Revenue History
National Presto Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from National Presto Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NPK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 310.34 34.85 23.58
2018-12-31 323.32 39.89 23.29
2018-09-30 353.31 44.07 23.60
2018-07-01 342.27 46.17 23.50
2018-04-01 337.61 44.34 23.29
2017-12-31 333.63 43.31 22.90
2017-10-01 349.94 46.95 22.23
2017-07-02 353.86 46.38 22.17
2017-04-02 348.82 45.38 22.01
2016-12-31 341.91 41.92 22.43
2016-10-02 271.37 39.04 19.92
2016-07-03 287.74 39.38 20.88
2016-04-03 320.59 40.56 21.40
2015-12-31 355.65 42.16 21.74
2015-10-04 436.31 37.83 23.42
2015-07-05 440.87 34.85 22.25
2015-04-05 426.81 29.90 22.91
2014-12-31 347.20 30.75 21.25
2014-09-28 405.32 31.07 22.52
2014-06-29 410.47 34.96 22.69
2014-03-30 423.55 39.09 21.68
2013-12-31 420.19 41.25 21.07
2013-09-29 426.99 35.60 24.38
2013-06-30 443.19 35.98 26.81
2013-03-31 458.91 36.39 27.65
2012-12-31 472.49 38.88 25.19
2012-09-30 449.71 40.85 26.70
2012-07-01 437.75 43.84 23.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • National Presto Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • National Presto Industries used its assets more efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.
  • National Presto Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess National Presto Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
National Presto Industries has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is National Presto Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up National Presto Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • National Presto Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • National Presto Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of National Presto Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are -6.9867943899101E+17x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from National Presto Industries Company Filings, last reported 2 months ago.

NYSE:NPK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 330.67 0.00 159.50
2018-12-31 366.12 0.00 191.45
2018-09-30 353.96 0.00 183.05
2018-07-01 347.35 0.00 166.05
2018-04-01 336.26 0.00 156.16
2017-12-31 366.38 0.00 155.47
2017-10-01 349.42 0.00 127.42
2017-07-02 340.83 0.00 138.73
2017-04-02 330.84 0.00 160.00
2016-12-31 350.24 0.00 111.49
2016-10-02 329.19 0.00 73.80
2016-07-03 320.61 0.00 75.30
2016-04-03 312.05 0.00 66.19
2015-12-31 339.25 0.00 88.48
2015-10-04 323.83 0.00 64.64
2015-07-05 315.46 0.00 71.51
2015-04-05 306.10 0.00 69.95
2014-12-31 325.44 0.00 76.45
2014-09-28 312.55 0.00 45.91
2014-06-29 307.18 0.00 43.25
2014-03-30 302.72 0.00 35.68
2013-12-31 332.55 0.00 59.36
2013-09-29 315.15 0.00 90.71
2013-06-30 306.10 0.00 80.69
2013-03-31 297.65 0.00 98.09
2012-12-31 290.57 0.00 93.02
2012-09-30 323.37 0.00 113.29
2012-07-01 313.78 0.00 118.77
  • National Presto Industries's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0% vs 0% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • National Presto Industries has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess National Presto Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. National Presto Industries has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is National Presto Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.39%
Current annual income from National Presto Industries dividends.
If you bought $2,000 of National Presto Industries shares you are expected to receive $128 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • National Presto Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • National Presto Industries's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:NPK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:NPK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-15 6.000 5.720
2018-11-09 6.000 4.902
2018-08-10 6.000 4.653
2018-02-12 6.000 5.614
2017-11-13 5.500 5.314
2017-08-11 5.500 5.184
2017-02-13 5.500 5.223
2016-11-14 5.050 4.947
2016-08-12 5.050 5.747
2016-02-16 5.050 5.771
2015-11-13 4.050 4.988
2015-08-14 4.050 4.748
2015-02-17 4.050 5.888
2014-11-07 5.050 8.405
2014-08-08 5.050 8.069
2014-02-14 5.050 6.944
2013-11-08 6.500 8.507
2013-10-28 6.500 9.194
2013-08-09 6.500 9.170
2013-07-26 6.500 8.749
2012-12-11 6.500 8.683
2012-11-09 6.000 8.046
2012-10-31 6.000 8.033
2012-08-10 6.000 8.003
2012-08-01 6.000 8.744
2012-02-21 6.000 8.262
2011-11-14 8.250 8.574
2011-10-31 8.250 8.765
2011-08-12 8.250 8.966
2011-08-01 8.250 8.931
2011-02-22 8.250 7.735
2010-11-12 8.150 6.464
2010-11-01 8.150 7.139
2010-08-12 8.150 7.639
2010-08-02 8.150 7.888
2010-02-19 8.150 7.598
2009-11-12 5.550 5.267
2009-11-02 5.550 6.285
2009-08-13 5.550 6.473

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of National Presto Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess National Presto Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can National Presto Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. National Presto Industries has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of National Presto Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Maryjo Cohen
COMPENSATION $719,493
AGE 66
TENURE AS CEO 25.1 years
CEO Bio

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 Company Inc since September 1983. She served as an Interim Chief Financial Officer of National Presto Industries Inc., from June 2008 to September 2008, Treasurer since September 1983 and served as its Vice President since May 1986. Ms. Cohen has been the Chairman of National Presto Industries Inc. since January 1, 2002. She has been with the National Presto Industries Inc. since 1976. Prior to becoming an Officer, she served as an Associate Resident Counsel and Assistant to the Treasurer of National Presto. Ms. Cohen has been a Director of National Presto Industries Inc. since 1988.

CEO Compensation
  • Maryjo's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Maryjo's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the National Presto Industries management team in years:

10.4
Average Tenure
65
Average Age
  • The average tenure for the National Presto Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Maryjo Cohen

TITLE
Chairman
COMPENSATION
$719K
AGE
66
TENURE
25.1 yrs

Randy Lieble

TITLE
VP, CFO
COMPENSATION
$691K
AGE
65
TENURE
10.8 yrs

Douglas Frederick

TITLE
COO of the Housewares/Small Appliance Segment
COMPENSATION
$423K
AGE
48
TENURE
10.4 yrs

Richard Jeffers

TITLE
Vice President of Sales
COMPENSATION
$343K
AGE
66
TENURE
1.8 yrs

David Peuse

TITLE
Treasurer
AGE
49
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the National Presto Industries board of directors in years:

15.5
Average Tenure
69
Average Age
  • The average tenure for the National Presto Industries board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Maryjo Cohen

TITLE
Chairman
COMPENSATION
$719K
AGE
66
TENURE
17.4 yrs

Randy Lieble

TITLE
VP, CFO
COMPENSATION
$691K
AGE
65
TENURE
10.5 yrs

Richard Cardozo

TITLE
Presiding Director
COMPENSATION
$40K
AGE
83

Patrick Quinn

TITLE
Independent Director
COMPENSATION
$41K
AGE
69
TENURE
18.4 yrs

Joseph Stienessen

TITLE
Independent Director
COMPENSATION
$41K
AGE
74
TENURE
13.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess National Presto Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. National Presto Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Has National Presto Industries, Inc. (NYSE:NPK) Been Employing Capital Shrewdly?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for National Presto Industries: 0.13 = US$43m ÷ (US$377m - US$43m) (Based on the trailing twelve months to March 2019.) Therefore, National Presto Industries has an ROCE of 13%. … Do National Presto Industries's Current Liabilities Skew Its ROCE? … What We Can Learn From National Presto Industries's ROCE Overall, National Presto Industries has a decent ROCE and could be worthy of further research.

Simply Wall St -

How Much Did National Presto Industries, Inc.'s (NYSE:NPK) CEO Pocket Last Year?

View our latest analysis for National Presto Industries How Does Maryjo Cohen's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Maryjo Cohen is paid less than the average total compensation paid by similar sized companies. … The graphic below shows how CEO compensation at National Presto Industries has changed from year to year.

Simply Wall St -

With A -7.9% Earnings Drop, Did National Presto Industries, Inc. (NYSE:NPK) Really Underperform?

When National Presto Industries, Inc. … (NYSE:NPK) released its most recent earnings update (31 December 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 5.7%, indicating the rate at which NPK is growing has slowed down

Simply Wall St -

Is National Presto Industries, Inc. (NYSE:NPK) Potentially Underrated?

I've been keeping an eye on National Presto Industries, Inc. … Looking at the company as a whole, as a potential stock investment, I believe NPK has a lot to offer. … company with a

Simply Wall St -

Read This Before Judging National Presto Industries, Inc.'s (NYSE:NPK) ROE

National Presto Industries has a ROE of 11%, based on the last twelve months. … That means that for every $1 worth of shareholders' equity, it generated $0.11 in profit. … View our latest analysis for National Presto Industries?

Simply Wall St -

Is National Presto Industries, Inc. (NYSE:NPK) A Great Dividend Stock?

Historically, National Presto Industries, Inc. … Does National Presto Industries tick all the boxes of a great dividend stock? … View our latest analysis for National Presto Industries

Simply Wall St -

Do You Like National Presto Industries, Inc. (NYSE:NPK) At This P/E Ratio?

To keep it practical, we'll show how National Presto Industries, Inc.'s (NYSE:NPK) P/E ratio could help you assess the value on offer. … Based on the last twelve months, National Presto Industries's P/E ratio is 16.59. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

If You Had Bought National Presto Industries Stock Five Years Ago, You Could Pocket A 56% Gain Today

(NYSE:NPK) has fallen short of that second goal, with a share price rise of 56% over five years, which is below the market return. … Over half a decade, National Presto Industries managed to grow its earnings per share at 2.2% a year. … This EPS growth is slower than the share price growth of 9.3% per year, over the same period.

Simply Wall St -

Why We Like National Presto Industries, Inc.’s (NYSE:NPK) 17% Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is National Presto Industries, Inc.'s (NYSE:NPK) Balance Sheet Strong Enough To Weather A Storm?

(NYSE:NPK), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is NPK growing fast enough to value financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

Company Info

Description

National Presto Industries Inc. provides housewares and small appliances, and defense 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; 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. National Presto Industries, Inc. was founded in 1905 and is based in Eau Claire, Wisconsin.

Details
Name: National Presto Industries, Inc.
NPK
Exchange: NYSE
Founded: 1905
$656,904,675
6,995,045
Website: http://www.gopresto.com
Address: National Presto Industries, Inc.
3925 North Hastings Way,
Eau Claire,
Wisconsin, 54703,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NPK Common Stock New York Stock Exchange US USD 11. Feb 1969
Number of employees
Current staff
Staff numbers
949
National Presto Industries employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 23:44
End of day share price update: 2019/06/25 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.