KTCC Stock Overview
Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States and internationally.
Key Tronic Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$5.21|
|52 Week High||US$7.00|
|52 Week Low||US$4.24|
|1 Month Change||18.68%|
|3 Month Change||3.37%|
|1 Year Change||-21.89%|
|3 Year Change||-0.95%|
|5 Year Change||-22.36%|
|Change since IPO||1.66%|
Recent News & Updates
Key Tronic GAAP EPS of $0.09, revenue of $126.2M
Key Tronic press release (NASDAQ:KTCC): FQ4 GAAP EPS of $0.09. Revenue of $126.2M (-4.8% Y/Y). CEO comment: “Moving into fiscal 2023, the global supply chain and COVID-19 crises continue to present uncertainty and multiple business challenges. At the same time, global logistics problems and heightened assurance of supply concerns continue to drive the favorable trend of contract manufacturing returning to North America. In fiscal 2023, we expect to ramp a number of new programs, including the previously announced program with a leading power equipment company in our Mexico facility during the second quarter. We believe we are well positioned to benefit from the growing demand for North American onshoring and see the potential for significant growth in fiscal 2023 and beyond.” For 1Q23, the company expects to report revenue in the range of $125M to $135M and earnings in the range of $0.05 to $0.10 per diluted share. Effective tax rate of 25% in the coming quarter.
Key Tronic (NASDAQ:KTCC) Use Of Debt Could Be Considered Risky
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|KTCC||US Electronic||US Market|
Return vs Industry: KTCC underperformed the US Electronic industry which returned -12.2% over the past year.
Return vs Market: KTCC underperformed the US Market which returned -10.2% over the past year.
|KTCC Average Weekly Movement||4.7%|
|Electronic Industry Average Movement||7.5%|
|Market Average Movement||7.7%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: KTCC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: KTCC's weekly volatility (5%) has been stable over the past year.
About the Company
Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services. Its services include product design; surface mount technologies and pin through hole capability for printed circuit board assembly; tool making; precision plastic molding; sheet metal fabrication and painting; liquid injection molding; complex assembly; automated tape winding; prototype design; and full product assembly services.
Key Tronic Fundamentals Summary
|KTCC fundamental statistics|
Is KTCC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KTCC income statement (TTM)|
|Cost of Revenue||US$488.60m|
Last Reported Earnings
Jul 02, 2022
Next Earnings Date
|Earnings per share (EPS)||0.31|
|Net Profit Margin||0.63%|
How did KTCC perform over the long term?See historical performance and comparison
Is KTCC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KTCC?
Other financial metrics that can be useful for relative valuation.
|What is KTCC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does KTCC's PE Ratio compare to its peers?
|KTCC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
DSWL Deswell Industries
SGMA SigmaTron International
RFIL RF Industries
NSYS Nortech Systems
KTCC Key Tronic
Price-To-Earnings vs Peers: KTCC is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (13x).
Price to Earnings Ratio vs Industry
How does KTCC's PE Ratio compare vs other companies in the US Electronic Industry?
Price-To-Earnings vs Industry: KTCC is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the US Electronic industry average (15.8x)
Price to Earnings Ratio vs Fair Ratio
What is KTCC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||16.6x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KTCC's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of KTCC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate KTCC's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate KTCC's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Key Tronic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Tech 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 Key Tronic 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.
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- Take a look at our analysis of KTCC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
How has Key Tronic performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KTCC has high quality earnings.
Growing Profit Margin: KTCC's current net profit margins (0.6%) are lower than last year (0.8%).
Past Earnings Growth Analysis
Earnings Trend: KTCC's earnings have grown by 15.6% per year over the past 5 years.
Accelerating Growth: KTCC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KTCC had negative earnings growth (-22.5%) over the past year, making it difficult to compare to the Electronic industry average (26.1%).
Return on Equity
High ROE: KTCC's Return on Equity (2.7%) is considered low.
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How is Key Tronic's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: KTCC's short term assets ($340.0M) exceed its short term liabilities ($163.7M).
Long Term Liabilities: KTCC's short term assets ($340.0M) exceed its long term liabilities ($118.4M).
Debt to Equity History and Analysis
Debt Level: KTCC's net debt to equity ratio (84.9%) is considered high.
Reducing Debt: KTCC's debt to equity ratio has increased from 36.9% to 86.2% over the past 5 years.
Debt Coverage: KTCC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KTCC's interest payments on its debt are not well covered by EBIT (1.7x coverage).
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What is Key Tronic current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KTCC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KTCC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KTCC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KTCC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as KTCC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Craig Gates (63 yo)
Mr. Craig D. Gates has been the President and Chief Executive Officer of Key Tronic Corp., since April 23, 2009. Mr. Gates served as General Manager of Sales & Program Management of Key Tronic Corporation....
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD1.63M) is above average for companies of similar size in the US market ($USD759.98K).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
Experienced Management: KTCC's management team is seasoned and experienced (6.1 years average tenure).
Experienced Board: KTCC's board of directors are seasoned and experienced ( 14.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Key Tronic Corporation's employee growth, exchange listings and data sources
- Name: Key Tronic Corporation
- Ticker: KTCC
- Exchange: NasdaqGM
- Founded: 1969
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Implied Market Cap: US$54.132m
- Shares outstanding: 10.76m
- Website: https://www.keytronic.com
Number of Employees
- Key Tronic Corporation
- 4424 North Sullivan Road
- Spokane Valley
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/15 00:00|
|End of Day Share Price||2022/08/15 00:00|
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.