NYSE:NPK

Stock Analysis Report

National Presto Industries

Executive Summary

National Presto Industries Inc. provides housewares and small appliances, and defense and safety products primarily in North America.


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

-0.6%

NPK

-4.3%

US Aerospace & Defense

-1.1%

US Market


1 Year Return

-31.3%

NPK

-13.4%

US Aerospace & Defense

-13.6%

US Market

Return vs Industry: NPK underperformed the US Aerospace & Defense industry which returned -13.4% over the past year.

Return vs Market: NPK underperformed the US Market which returned -13.6% over the past year.


Shareholder returns

NPKIndustryMarket
7 Day-0.6%-4.3%-1.1%
30 Day-12.5%-22.6%-17.8%
90 Day-17.5%-29.3%-22.5%
1 Year-26.2%-31.3%-11.9%-13.4%-11.9%-13.6%
3 Year-12.6%-27.3%5.7%0.2%12.1%4.9%
5 Year56.0%16.0%33.1%20.7%30.5%16.3%

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

Valuation

Is National Presto Industries undervalued compared to its fair value and its price relative to the market?

30.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NPK ($73.26) is trading below our estimate of fair value ($104.78)

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 (12.7x) compared to the Aerospace & Defense industry average (14.7x).

PE vs Market: NPK is good value based on its PE Ratio (12.7x) compared to the US market (12.9x).


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 (1.4x) 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?

11.1%

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

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 3.4%.


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?

8.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NPK's dividend (8.19%) is higher than the bottom 25% of dividend payers in the US market (2%).

High Dividend: NPK's dividend (8.19%) is in the top 25% of dividend payers in the US market (5.56%)


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?

2.0yrs

Average management tenure


CEO

Maryjo Cohen (66yo)

25.92s

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 ($USD719.49K) is below average for companies of similar size in the US market ($USD2.20M).

Compensation vs Earnings: Maryjo's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Maryjo Cohen
Chairman25.92yrsUS$719.49k24.05% $123.4m
Douglas Frederick
COO, COO of the Housewares/Small Appliance Segment1.33yrsUS$423.06k2.06% $10.6m
Richard Jeffers
Vice President of Sales2.58yrsUS$343.38k0.016% $84.0k
David Peuse
Director of Financial Reporting & Treasurer0.92yrno data0.011% $54.4k

2.0yrs

Average Tenure

57.5yo

Average Age

Experienced Management: NPK's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Maryjo Cohen
Chairman25.92yrsUS$719.49k24.05% $123.4m
Randy Lieble
Director11.33yrsUS$691.34k0.12% $623.6k
Richard Cardozo
Presiding Directorno dataUS$39.50k0.034% $175.8k
Patrick Quinn
Independent Director19.25yrsUS$41.00k0.010% $51.3k
Joseph Stienessen
Independent Director14.5yrsUS$41.00k0.020% $101.3k

16.4yrs

Average Tenure

69yo

Average Age

Experienced Board: NPK's board of directors are seasoned and experienced ( 16.4 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.


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$513.283m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NPKNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 01:33
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.