Kimball International
Kimball International, Inc. designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The last earnings update was 68 days ago. More info.
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KBAL Share Price and Events
7 Day Returns
1 Year Returns
KBAL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Kimball International (KBAL) | 1.8% | 5.1% | 17.1% | 8.4% | 46.3% | 6.9% |
| US Commercial Services | 0.9% | 0.3% | 5.2% | 9.3% | 52.2% | 77.2% |
| US Market | 0.8% | 4.3% | 2.8% | 4.8% | 37.9% | 43.5% |
1 Year Return vs Industry and Market
- KBAL matched the Commercial Services industry (9.3%) over the past year.
- KBAL outperformed the Market in United States of America which returned 4.8% over the past year.
KBAL Value
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
Kimball International
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Kimball International.
| 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 | 7.5% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.67 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.67 (1 + (1- 21%) (0.03%)) |
0.779 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NasdaqGS:KBAL using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kimball International 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2020 | 44.91 | Est @ 2.49% | 41.78 |
| 2021 | 46.07 | Est @ 2.56% | 39.86 |
| 2022 | 47.27 | Est @ 2.61% | 38.05 |
| 2023 | 48.52 | Est @ 2.65% | 36.33 |
| 2024 | 49.82 | Est @ 2.67% | 34.70 |
| 2025 | 51.16 | Est @ 2.69% | 33.15 |
| 2026 | 52.54 | Est @ 2.7% | 31.67 |
| 2027 | 53.96 | Est @ 2.71% | 30.26 |
| 2028 | 55.43 | Est @ 2.72% | 28.92 |
| 2029 | 56.94 | Est @ 2.72% | 27.63 |
| Present value of next 10 years cash flows | $342.36 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $56.94 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$1,226.73 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,226.73 ÷ (1 + 7.5%)10 |
$595.31 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $342.36 + $595.31 |
$937.68 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $937.68 / 36.72 |
$25.53 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $25.53 |
| Current discount | Discount to share price of
$17.40
= -1 x ($17.40 - $25.53) / $25.53 |
31.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Kimball International's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Kimball International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Kimball International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Kimball International's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.04 |
| NasdaqGS:KBAL Share Price ** | NasdaqGS (2019-07-15) in USD | $17.4 |
| United States of America Commercial Services Industry PE Ratio | Median Figure of 46 Publicly-Listed Commercial Services Companies | 22.77x |
| United States of America Market PE Ratio | Median Figure of 3,084 Publicly-Listed Companies | 18.01x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Kimball International.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:KBAL Share Price ÷ EPS (both in USD) = 17.4 ÷ 1.04 |
16.69x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kimball International is good value based on earnings compared to the US Commercial Services industry average.
- Kimball International is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Kimball International's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 16.69x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
2.9%per year |
| United States of America Commercial Services Industry PEG Ratio | Median Figure of 34 Publicly-Listed Commercial Services Companies | 1.64x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.59x |
*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 Kimball International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Kimball International's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $5.64 |
| NasdaqGS:KBAL Share Price * | NasdaqGS (2019-07-15) in USD | $17.4 |
| United States of America Commercial Services Industry PB Ratio | Median Figure of 86 Publicly-Listed Commercial Services Companies | 1.84x |
| United States of America Market PB Ratio | Median Figure of 5,240 Publicly-Listed Companies | 1.81x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:KBAL Share Price ÷ Book Value per Share (both in USD) = 17.4 ÷ 5.64 |
3.09x |
* Primary Listing of Kimball International.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kimball International is overvalued based on assets compared to the US Commercial Services industry average.
Value checks
We assess Kimball International's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check) Kimball International has a total score of 3/6, 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.
KBAL Future Performance
- No analysts cover Kimball International, 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!
Earnings growth vs Low Risk Savings
- Kimball International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Kimball International's earnings growth is positive but not above the United States of America market average.
- Unable to compare Kimball International's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:KBAL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 2.9% |
| United States of America Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 14.9% |
| United States of America Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.5% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 743 | 63 | 38 |
| 2018-12-31 | 727 | 55 | 36 |
| 2018-09-30 | 704 | 47 | 34 |
| 2018-06-30 | 686 | 47 | 34 |
| 2018-03-31 | 687 | 42 | 35 |
| 2017-12-31 | 679 | 48 | 36 |
| 2017-09-30 | 670 | 59 | 37 |
| 2017-06-30 | 670 | 65 | 38 |
| 2017-03-31 | 663 | 59 | 33 |
| 2016-12-31 | 660 | 66 | 29 |
| 2016-09-30 | 654 | 56 | 27 |
| 2016-06-30 | 635 | 49 | 21 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Kimball International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.04 |
| 2018-12-31 | 0.98 |
| 2018-09-30 | 0.92 |
| 2018-06-30 | 0.92 |
| 2018-03-31 | 0.93 |
| 2017-12-31 | 0.97 |
| 2017-09-30 | 1.00 |
| 2017-06-30 | 1.00 |
| 2017-03-31 | 0.89 |
| 2016-12-31 | 0.77 |
| 2016-09-30 | 0.71 |
| 2016-06-30 | 0.56 |
*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 Kimball International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Kimball International's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Kimball International 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.
KBAL Past Performance
How has Kimball International 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
Past Earnings growth analysis
- Kimball International has delivered over 20% year on year earnings growth in the past 5 years.
- Kimball International's 1-year earnings growth is less than its 5-year average (10.8% vs 33.5%)
- Kimball International's earnings growth has exceeded the US Commercial Services industry average in the past year (10.8% vs 6.1%).
Earnings and Revenue History
All data from Kimball International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 743.23 | 38.49 | 185.92 | |
| 2018-12-31 | 726.76 | 36.39 | 181.96 | |
| 2018-09-30 | 704.36 | 34.36 | 175.13 | |
| 2018-06-30 | 685.60 | 34.44 | 172.08 | |
| 2018-03-31 | 686.85 | 34.75 | 178.34 | |
| 2017-12-31 | 679.03 | 36.13 | 176.85 | |
| 2017-09-30 | 670.30 | 37.47 | 174.03 | |
| 2017-06-30 | 669.93 | 37.51 | 169.67 | |
| 2017-03-31 | 662.63 | 33.22 | 168.87 | |
| 2016-12-31 | 659.60 | 28.75 | 167.53 | |
| 2016-09-30 | 653.53 | 26.53 | 166.04 | |
| 2016-06-30 | 635.10 | 21.16 | 162.98 | |
| 2016-03-31 | 629.49 | 19.63 | 160.87 | |
| 2015-12-31 | 625.39 | 21.75 | 160.38 | |
| 2015-09-30 | 612.99 | 15.25 | 160.80 | |
| 2015-06-30 | 600.87 | 11.14 | 163.03 | |
| 2015-03-31 | 579.67 | 6.76 | 163.41 | |
| 2014-12-31 | 558.83 | 1.84 | 162.42 | |
| 2014-09-30 | 546.46 | 3.93 | 163.55 | |
| 2014-06-30 | 543.82 | 3.42 | 162.06 | |
| 2014-03-31 | 724.28 | 10.12 | 173.74 | |
| 2013-12-31 | 900.66 | 13.84 | 186.80 | |
| 2013-09-30 | 1,056.75 | 15.93 | 193.03 | |
| 2013-06-30 | 500.01 | -6.62 | 150.99 | |
| 2013-03-31 | 1,174.92 | 18.90 | 193.28 | |
| 2012-12-31 | 1,157.85 | 17.72 | 190.57 | |
| 2012-09-30 | 1,159.62 | 16.74 | 190.16 |
*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.
- Kimball International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Kimball International used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.
- Kimball International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Kimball International's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Kimball International has a total score of 3/6, 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.
KBAL Health
How is Kimball International'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 Kimball International's finances.
The net worth of a company is the difference between its assets and liabilities.
- Kimball International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Kimball International's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1273.5x 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.
All data from Kimball International Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 207.00 | 0.16 | 91.31 |
| 2018-12-31 | 200.87 | 0.16 | 81.07 |
| 2018-09-30 | 198.68 | 0.16 | 84.00 |
| 2018-06-30 | 193.02 | 0.18 | 87.27 |
| 2018-03-31 | 185.20 | 0.18 | 77.75 |
| 2017-12-31 | 187.77 | 0.19 | 79.57 |
| 2017-09-30 | 182.02 | 0.19 | 97.78 |
| 2017-06-30 | 176.20 | 0.21 | 98.57 |
| 2017-03-31 | 167.17 | 0.21 | 84.47 |
| 2016-12-31 | 160.66 | 0.22 | 72.27 |
| 2016-09-30 | 154.82 | 0.22 | 62.70 |
| 2016-06-30 | 149.87 | 0.24 | 47.58 |
| 2016-03-31 | 144.49 | 0.24 | 43.85 |
| 2015-12-31 | 142.52 | 0.25 | 26.09 |
| 2015-09-30 | 136.72 | 0.25 | 22.39 |
| 2015-06-30 | 141.51 | 0.27 | 34.66 |
| 2015-03-31 | 146.20 | 0.27 | 49.97 |
| 2014-12-31 | 145.69 | 0.27 | 48.99 |
| 2014-09-30 | 443.98 | 0.28 | 113.20 |
| 2014-06-30 | 441.53 | 0.29 | 136.62 |
| 2014-03-31 | 433.43 | 0.30 | 138.35 |
| 2013-12-31 | 425.27 | 0.30 | 129.59 |
| 2013-09-30 | 414.73 | 0.30 | 109.63 |
| 2013-06-30 | 404.51 | 0.32 | 103.60 |
| 2013-03-31 | 398.93 | 1.61 | 90.27 |
| 2012-12-31 | 396.95 | 0.29 | 88.09 |
| 2012-09-30 | 391.95 | 0.27 | 77.50 |
- Kimball International's level of debt (0.1%) 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 (0.1% vs 0.1% today).
- Debt is well covered by operating cash flow (39221.7%, greater than 20% of total debt).
- Kimball International earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Kimball International's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Kimball International has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
KBAL Dividends
What is Kimball International'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
If you bought
$2,000 of
Kimball International
shares you are expected to receive
$37
in your first year as a dividend.
Dividend Amount
- Kimball International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
- Kimball International's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
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.
| 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 Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 41 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2018 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.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-29 | 0.320 | 1.947 |
| 2019-02-07 | 0.320 | 2.122 |
| 2019-02-05 | 0.320 | 2.084 |
| 2018-08-28 | 0.320 | 2.038 |
| 2018-04-24 | 0.280 | 1.694 |
| 2018-02-13 | 0.280 | 1.643 |
| 2017-10-31 | 0.280 | 1.534 |
| 2017-08-29 | 0.280 | 1.487 |
| 2017-04-25 | 0.240 | 1.409 |
| 2017-02-07 | 0.240 | 1.437 |
| 2016-10-25 | 0.240 | 1.534 |
| 2016-08-30 | 0.240 | 1.868 |
| 2016-04-26 | 0.220 | 1.904 |
| 2016-02-09 | 0.220 | 1.983 |
| 2015-10-20 | 0.220 | 2.047 |
| 2015-08-11 | 0.220 | 2.091 |
| 2015-04-15 | 0.200 | 1.705 |
| 2015-02-17 | 0.200 | 1.991 |
| 2014-10-21 | 0.200 | 2.021 |
| 2014-08-12 | 0.200 | 1.281 |
| 2014-04-15 | 0.200 | 1.214 |
| 2014-02-18 | 0.200 | 1.087 |
| 2013-10-15 | 0.200 | 1.445 |
| 2013-08-13 | 0.200 | 1.888 |
| 2013-04-16 | 0.200 | 1.963 |
| 2013-02-19 | 0.200 | 2.174 |
| 2012-10-16 | 0.200 | 1.775 |
| 2012-08-14 | 0.200 | 1.666 |
| 2012-04-17 | 0.200 | 2.588 |
| 2012-02-21 | 0.200 | 3.037 |
| 2011-10-18 | 0.200 | 3.472 |
| 2011-08-16 | 0.200 | 3.871 |
| 2011-04-19 | 0.200 | 3.084 |
| 2011-02-15 | 0.200 | 2.832 |
| 2010-10-19 | 0.200 | 3.025 |
| 2010-08-17 | 0.200 | 3.614 |
| 2010-04-20 | 0.200 | 3.164 |
| 2010-02-16 | 0.200 | 2.794 |
| 2009-10-20 | 0.200 | 2.534 |
| 2009-08-18 | 0.200 | 2.750 |
| 2009-04-21 | 0.200 | 3.217 |
| 2009-02-18 | 0.200 | 3.192 |
| 2008-10-21 | 0.640 | 9.140 |
| 2008-08-19 | 0.640 | 6.619 |
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 fallen over the past 10 years.
Income/ dividend checks
We assess Kimball International's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Kimball International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Kimball International has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
KBAL Management
CEO
| COMPENSATION | $128,337 |
| AGE | 56 |
| TENURE AS CEO | 0.7 years |
CEO Bio
Ms. Kristine L. Juster has been the Chief Executive Officer of Kimball International, Inc. since November 1, 2018. Ms. Juster serves as the President of the Global Writing Segment of Newell Rubbermaid Inc. (alternate name: Newell Brands Inc.). Ms. Juster served as President of Calphalon division of Newell Rubbermaid Inc. since 2001. She joined Newell Rubbermaid in 1995 at Newell Office Products division as Director-Sales. In 2000, she was appointed Vice President-Sales of the Calphalon division. Prior to taking on this role in May 2014, she was President of the Baby and Parenting Segment of Newell Rubbermaid and held other roles of increasing responsibility since joining it in 1995. Prior to joining Newell Rubbermaid, she co-founded and ran PC Compatibles in Stamford, Conn. Ms. Juster holds a BS degree from Cornell University. Ms. Juster has been a Non-Independent Director of Kimball International, Inc. since April 27, 2016.
CEO Compensation
- Kristine's compensation has been consistent with company performance over the past year, both up more than 20%.
- Kristine'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 Kimball International management team in years:
- The tenure for the Kimball International management team is about average.
Management Team
Kristine Juster
CEO & Non-Independent Director
$128K
56
0.7 yrs
Michelle Schroeder
VP & CFO
$714K
54
4.7 yrs
Lonnie Nicholson
VP & Chief Administrative Officer
$739K
55
4.4 yrs
Dennis Gerber
Director of Investor Relations & Treasurer
Julia E. Cassidy
VP, General Counsel
54
4.7 yrs
Greg Kincer
Vice President of Corporate Development
61
4.7 yrs
Wendy Murray
Director of Marketing & Product
0.1 yrs
Darren Gress
Corporate Controller
Phyllis Goetz
President of brand business unit & VP
Kevin McCoy
VP & President of National Office Furniture
$746K
48
13.9 yrs
Board of Directors Tenure
Average tenure and age of the Kimball International board of directors in years:
- The tenure for the Kimball International board of directors is about average.
Board of Directors
Kim Ryan
Independent Chairman
$128K
52
0.7 yrs
Kristine Juster
CEO & Non-Independent Director
$128K
56
3.3 yrs
Pat Connolly
Independent Director
$136K
60
4.9 yrs
Susan Frampton
Independent Director
$129K
61
3.3 yrs
Geoffrey Stringer
Independent Director
$140K
76
16.1 yrs
Tom Tischhauser
Independent Director
$130K
61
10.9 yrs
Tim Jahnke
Director
$139K
59
5.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 04. Dec 18 | Buy | Kristine Juster | Individual | 03. Dec 18 | 03. Dec 18 | 400 | $15.19 | $6,074 | ||
| 21. Nov 18 | Sell | Lonnie Nicholson | Individual | 20. Nov 18 | 20. Nov 18 | -1,341 | $15.91 | $-21,335 | ||
| 20. Nov 18 | Sell | Lonnie Nicholson | Individual | 16. Nov 18 | 16. Nov 18 | -1,341 | $15.84 | $-21,241 | ||
Management checks
We assess Kimball International's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Kimball International 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.
KBAL News
Simply Wall St News
Does Kimball International (NASDAQ:KBAL) Deserve A Spot On Your Watchlist?
In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Kimball International (NASDAQ:KBAL). … So it is good to see that Kimball International insiders have a significant amount of capital invested in the stock. … I discovered that the median total compensation for the CEOs of companies like Kimball International with market caps between US$400m and US$1.6b is about US$2.7m.
Simply Wall St - – Full articleWhy Kimball International, Inc. (NASDAQ:KBAL) Looks Like A Quality Company
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Kimball International: 19% = US$38m ÷ US$207m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Kimball International's Debt And Its 19% ROE Although Kimball International does use a little debt, its debt to equity ratio of just 0.00077 is very low. … In my book the highest quality companies have high return on equity, despite low debt.
Simply Wall St - – Full articleDid Kimball International, Inc.'s (NASDAQ:KBAL) Recent Earnings Growth Beat The Trend?
See our latest analysis for Kimball International How Well Did KBAL Perform? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 34%, indicating the rate at which KBAL is growing has slowed down. … You should continue to research Kimball International to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for KBAL’s future growth?
Simply Wall St - – Full articleYou Have To Love Kimball International, Inc.'s (NASDAQ:KBAL) Dividend
While the above analysis focuses on dividends relative to a company's earnings, we do note Kimball International's strong net cash position, which will let it pay larger dividends for a time, should it choose. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Kimball International has grown its earnings per share at 34% per annum over the past five years. … Conclusion To summarise, shareholders should always check that Kimball International's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.
Simply Wall St - – Full articleKimball International, Inc. (NASDAQ:KBAL) Earns Among The Best Returns In Its Industry
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
Simply Wall St - – Full articleDoes Kimball International, Inc. (NASDAQ:KBAL) Have A Volatile Share Price?
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.
Simply Wall St - – Full articleDo You Like Kimball International, Inc. (NASDAQ:KBAL) At This P/E Ratio?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Kimball International, Inc.'s (NASDAQ:KBAL) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleDo Directors Own Kimball International, Inc. (NASDAQ:KBAL) Shares?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership. … Kimball International is a smaller company with a market capitalization of US$526m, so it may still be flying under the radar of many institutional investors.
Simply Wall St - – Full articleCan You Imagine How Kimball International's Shareholders Feel About The 45% Share Price Increase?
(NASDAQ:KBAL) share price return of 45% over three years lags the market return in the same period. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Kimball International was able to grow its EPS at 50% per year over three years, sending the share price higher.
Simply Wall St - – Full articleShould Kimball International, Inc. (NASDAQ:KBAL) Be Part Of Your Dividend Portfolio?
Historically, Kimball International, Inc. … Let's dig deeper into whether Kimball International should have a place in your portfolio. … View our latest analysis for Kimball International
Simply Wall St - – Full articleKBAL Company Info
Description
Kimball International, Inc. designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments. Its furniture solutions are used in collaborative and open work space areas, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas with a mix of wood, metal, laminate, paint, fabric, solid surface, and plastic options. In addition, the company offers patient/exam room and lounge seating, and casegoods for the healthcare market. It markets and sells its products through sales representatives, office furniture dealers, wholesalers, brokers, designers, purchasing companies, and catalog houses to end users. The company was formerly known as The Jasper Corporation and changed its name to Kimball International, Inc. in July 1974. Kimball International, Inc. was incorporated in 1939 and is headquartered in Jasper, Indiana.
Details
| Name: | Kimball International, Inc. |
| KBAL | |
| Exchange: | NasdaqGS |
| Founded: | 1939 |
| $638,965,618 | |
| 36,722,162 | |
| Website: | http://www.kimballinternational.com |
| Address: |
Kimball International, Inc. 1600 Royal Street, Jasper, Indiana, 47549, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | KBAL | Class B Common Stock | Nasdaq Global Select | US | USD | 02. Jan 1980 | |
| DB | KB1B | Class B Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1980 |
Number of employees
Current staff
Industry
| Office Services and Supplies | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/15 23:41 |
| End of day share price update: | 2019/07/15 00:00 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/06/30 |
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.
