NasdaqGS:KBAL

Stock Analysis Report

Executive Summary

Kimball International, Inc. designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally.

Snowflake

Fundamentals

Excellent balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Kimball International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.7%

KBAL

1.3%

US Commercial Services

1.3%

US Market


1 Year Return

22.1%

KBAL

15.9%

US Commercial Services

5.9%

US Market

Return vs Industry: KBAL exceeded the US Commercial Services industry which returned 15.9% over the past year.

Return vs Market: KBAL exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

KBALIndustryMarket
7 Day3.7%1.3%1.3%
30 Day-0.8%1.8%-1.9%
90 Day11.5%0.9%-1.8%
1 Year24.6%22.1%20.4%15.9%8.3%5.9%
3 Year61.1%53.0%69.9%58.3%45.6%36.2%
5 Year67.7%20.0%105.8%85.0%66.1%47.9%

Price Volatility Vs. Market

How volatile is Kimball International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kimball International undervalued compared to its fair value and its price relative to the market?

17.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: KBAL ($19.58) is trading below our estimate of fair value ($23.75)

Significantly Undervalued: KBAL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: KBAL is good value based on its PE Ratio (18.3x) compared to the Commercial Services industry average (25.5x).

PE vs Market: KBAL is poor value based on its PE Ratio (18.3x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate KBAL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KBAL is overvalued based on its PB Ratio (3.3x) compared to the US Commercial Services industry average (1.8x).


Next Steps

Future Growth

How is Kimball International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KBAL's forecast earnings growth (3.5% per year) is above the savings rate (2.7%).

Earnings vs Market: KBAL's earnings (3.5% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: KBAL's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if KBAL's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if KBAL's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if KBAL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Kimball International performed over the past 5 years?

31.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KBAL's earnings have grown significantly by 31.9% per year over the past 5 years.

Accelerating Growth: KBAL's earnings growth over the past year (14.2%) is below its 5-year average (31.9% per year).

Earnings vs Industry: KBAL earnings growth over the past year (14.2%) exceeded the Commercial Services industry -2.4%.


Return on Equity

High ROE: KBAL's Return on Equity (18.2%) is considered low.


Return on Assets

ROA vs Industry: KBAL has a higher Return on Assets than the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: KBAL's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Kimball International's financial position?


Financial Position Analysis

Short Term Liabilities: KBAL's short term assets ($229.6M) exceeds its short term liabilities ($133.1M)

Long Term Liabilities: KBAL's short term assets (229.6M) exceeds its long term liabilities (15.1M)


Debt to Equity History and Analysis

Debt Level: KBAL's debt to equity ratio (0.07%) is considered satisfactory

Reducing Debt: KBAL's debt to equity ratio has increased from 0.07% to 0.07% over the past 5 years.

Debt Coverage: KBAL's debt is well covered by operating cash flow (40352.2%).

Interest Coverage: KBAL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: KBAL has a high level of physical assets or inventory.

Debt Coverage by Assets: KBAL's debt is covered by short term assets (assets are 1425.993780x debt).


Next Steps

Dividend

What is Kimball International's current dividend yield, its reliability and sustainability?

1.63%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KBAL's dividend (1.63%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: KBAL's dividend (1.63%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: KBAL's dividend payments have been volatile in the past 10 years.

Growing Dividend: KBAL's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30%), KBAL'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

What is the CEO of Kimball International's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Kristine Juster (56yo)

0.9yrs

Tenure

US$5,419,094

Compensation

Ms. Kristine L. Juster serves as Director at Trex Company Inc. since October 1, 2019. She has been the Chief Executive Officer of Kimball International, Inc. since November 1, 2018 and as a Director since  ...


CEO Compensation Analysis

Compensation vs. Market: Kristine has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Kristine's compensation has increased by more than 20% in the past year.


Management Age and Tenure

4.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: KBAL's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

60yo

Average Age

Experienced Board: KBAL's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$6,07404 Dec 18
Kristine Juster
EntityIndividual
Role
Chief Executive Officer
CEO & Non-Independent Director
Shares400
Max PriceUS$15.19
SellUS$21,33521 Nov 18
Lonnie Nicholson
EntityIndividual
Role
Chief Administrative Officer
VP & Chief Administrative Officer
Shares1,341
Max PriceUS$15.91
SellUS$21,24120 Nov 18
Lonnie Nicholson
EntityIndividual
Role
Chief Administrative Officer
VP & Chief Administrative Officer
Shares1,341
Max PriceUS$15.84

Ownership Breakdown


Management Team

  • Michelle Schroeder (54yo)

    VP & CFO

    • Tenure: 4.9yrs
    • Compensation: US$875.83k
  • Greg Kincer (61yo)

    Vice President of Corporate Development

    • Tenure: 4.9yrs
  • Kristine Juster (56yo)

    CEO & Non-Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$5.42m
  • Kourtney Smith (49yo)

    VP & President of National Office Furniture

    • Tenure: 0yrs
    • Compensation: US$820.58k
  • Lonnie Nicholson (55yo)

    VP & Chief Administrative Officer

    • Tenure: 4.7yrs
    • Compensation: US$958.96k
  • Julia E. Cassidy (54yo)

    VP, General Counsel

    • Tenure: 4.9yrs
  • Darren Gress

    Corporate Controller

    • Tenure: 0yrs
  • Dennis Gerber

    Director of Investor Relations & Treasurer

    • Tenure: 0yrs
  • Wendy Murray

    Director of Marketing & Product

    • Tenure: 0.3yrs

Board Members

  • Geoffrey Stringer (76yo)

    Independent Director

    • Tenure: 16.3yrs
    • Compensation: US$144.93k
  • Tim Jahnke (59yo)

    Independent Director

    • Tenure: 5.7yrs
    • Compensation: US$144.72k
  • Kim Ryan (52yo)

    Independent Chairman

    • Tenure: 0.9yrs
    • Compensation: US$191.51k
  • Kristine Juster (56yo)

    CEO & Non-Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$5.42m
  • Tom Tischhauser (61yo)

    Independent Director

    • Tenure: 11.2yrs
    • Compensation: US$141.59k
  • Pat Connolly (60yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$154.68k
  • Susan Frampton (61yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: US$151.53k

Company Information

Kimball International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kimball International, Inc.
  • Ticker: KBAL
  • Exchange: NasdaqGS
  • Founded: 1939
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: US$723.222m
  • Shares outstanding: 36.94m
  • Website: https://www.kimballinternational.com

Number of Employees


Location

  • Kimball International, Inc.
  • 1600 Royal Street
  • Jasper
  • Indiana
  • 47549
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KBALNasdaqGS (Nasdaq Global Select)YesClass B Common StockUSUSDJan 1980
KB1BDB (Deutsche Boerse AG)YesClass B Common StockDEEURJan 1980

Biography

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 offi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:37
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.