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 Analysis

Flawless balance sheet, good value and pays a dividend.


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

Stable Share Price: KBAL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

13.2%

KBAL

3.8%

US Commercial Services

5.3%

US Market


1 Year Return

-17.3%

KBAL

-15.7%

US Commercial Services

-10.7%

US Market

Return vs Industry: KBAL underperformed the US Commercial Services industry which returned -15.7% over the past year.

Return vs Market: KBAL underperformed the US Market which returned -10.7% over the past year.


Shareholder returns

KBALIndustryMarket
7 Day13.2%3.8%5.3%
30 Day-24.2%-20.5%-13.6%
90 Day-43.0%-23.7%-19.8%
1 Year-15.3%-17.3%-12.7%-15.7%-8.9%-10.7%
3 Year-24.8%-29.1%17.7%10.1%15.5%8.0%
5 Year18.1%7.4%41.4%26.4%35.2%20.4%

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?

34.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KBAL ($11.78) is trading below our estimate of fair value ($18.06)

Significantly Below Fair Value: KBAL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KBAL is good value based on its PE Ratio (10.5x) compared to the Commercial Services industry average (20.8x).

PE vs Market: KBAL is good value based on its PE Ratio (10.5x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

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 (1.9x) compared to the US Commercial Services industry average (1.2x).


Next Steps

Future Growth

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

13.6%

Forecasted Commercial Services 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 Kimball International 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 Kimball International performed over the past 5 years?

24.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KBAL has high quality earnings.

Growing Profit Margin: KBAL's current net profit margins (5.4%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: KBAL's earnings have grown significantly by 24.5% per year over the past 5 years.

Accelerating Growth: KBAL's earnings growth over the past year (14%) is below its 5-year average (24.5% per year).

Earnings vs Industry: KBAL earnings growth over the past year (14%) exceeded the Commercial Services industry 2.5%.


Return on Equity

High ROE: KBAL's Return on Equity (17.8%) is considered low.


Next Steps

Financial Health

How is Kimball International's financial position?


Financial Position Analysis

Short Term Liabilities: KBAL's short term assets ($225.0M) exceed its short term liabilities ($117.8M).

Long Term Liabilities: KBAL's short term assets ($225.0M) exceed its long term liabilities ($32.3M).


Debt to Equity History and Analysis

Debt Level: KBAL's debt to equity ratio (0.06%) is considered satisfactory.

Reducing Debt: KBAL's debt to equity ratio has reduced from 0.2% to 0.06% over the past 5 years.

Debt Coverage: KBAL's debt is well covered by operating cash flow (40044.9%).

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 1654.1x debt).


Next Steps

Dividend

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

3.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KBAL's dividend (3.06%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: KBAL's dividend (3.06%) is low compared to the top 25% of dividend payers in the US market (5.37%).


Stability and Growth of Payments

Stable Dividend: KBAL's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.2%), 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

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Kristine Juster (56yo)

1.42s

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's total compensation ($USD5.42M) is above average for companies of similar size in the US market ($USD2.13M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kristine Juster
CEO & Non-Independent Director1.42yrsUS$5.42m0.15% $667.5k
Michelle Schroeder
VP & CFO5.42yrsUS$875.83k0.28% $1.2m
Lonnie Nicholson
VP & Chief Administrative Officer5.17yrsUS$958.96k0.046% $200.7k
Kourtney Smith
VP & President of National Office Furnitureno dataUS$820.58k0.17% $757.5k
Dennis Gerber
Director of Investor Relations & Treasurerno datano datano data
Mark Johnson
Executive VP0.25yrno datano data
R. Kincer
Vice President of Corporate Development5.42yrsno data0.22% $968.0k
Wendy Murray
Director of Marketing & Product0.83yrno datano data
Gregory Meunier
Executive Vice President of Kimball International Global Operations0.25yrno data0.045% $197.0k
Darren Gress
Corporate Controllerno datano data0.027% $117.6k

1.4yrs

Average Tenure

55yo

Average Age

Experienced Management: KBAL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kristine Juster
CEO & Non-Independent Director1.42yrsUS$5.42m0.15% $667.5k
Geoffrey Stringer
Independent Director16.83yrsUS$144.93k0.20% $872.4k
Timothy Jahnke
Independent Director6.17yrsUS$144.72k0.10% $449.5k
Kimberly Ryan
Independent Chairman1.42yrsUS$191.51k0.081% $356.4k
Thomas Tischhauser
Independent Director11.67yrsUS$141.59k0.16% $703.0k
Patrick Connolly
Independent Director5.67yrsUS$154.68k0.11% $502.6k
Susan Frampton
Independent Director4yrsUS$151.53k0.063% $275.2k

5.7yrs

Average Tenure

60yo

Average Age

Experienced Board: KBAL's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KBAL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$438.323m
  • Shares outstanding: 36.80m
  • 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 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 03:56
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
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.