Key Tronic
Market Cap
US$73.2m
Last Updated
2020/08/05 23:33 UTC
Data Sources
Company Financials
Executive Summary
Key Tronic Corporation, doing business as KeyTronicEMS Co., provides electronic manufacturing services (EMS) and solutions to original equipment manufacturers in the United States and internationally.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Imperfect balance sheet and overvalued.
Similar Companies
Share Price & News
How has Key Tronic's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KTCC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
35.0%
KTCC
2.4%
US Electronic
2.6%
US Market
1 Year Return
63.2%
KTCC
12.7%
US Electronic
15.4%
US Market
Return vs Industry: KTCC exceeded the US Electronic industry which returned 14.4% over the past year.
Return vs Market: KTCC exceeded the US Market which returned 16.2% over the past year.
Shareholder returns
| KTCC | Industry | Market | |
|---|---|---|---|
| 7 Day | 35.0% | 2.4% | 2.6% |
| 30 Day | 52.3% | 9.6% | 6.1% |
| 90 Day | 109.8% | 17.1% | 16.6% |
| 1 Year | 63.2%63.2% | 13.9%12.7% | 17.8%15.4% |
| 3 Year | 31.9%31.9% | 28.1%24.5% | 43.9%34.7% |
| 5 Year | -8.0%-8.0% | 79.7%71.5% | 76.2%57.3% |
Price Volatility Vs. Market
How volatile is Key Tronic's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
We're Watching These Trends At Key Tronic (NASDAQ:KTCC)4 months ago | Simply Wall St
Is Key Tronic (NASDAQ:KTCC) A Risky Investment?5 months ago | Simply Wall St
Is Key Tronic Corporation's (NASDAQ:KTCC) CEO Paid Enough Relative To Peers?Valuation
Is Key Tronic undervalued compared to its fair value and its price relative to the market?
23.93x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate KTCC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate KTCC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: KTCC is poor value based on its PE Ratio (23.9x) compared to the US Electronic industry average (22.4x).
PE vs Market: KTCC is poor value based on its PE Ratio (23.9x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KTCC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KTCC is good value based on its PB Ratio (0.9x) compared to the US Electronic industry average (2x).
Next Steps
Future Growth
How is Key Tronic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
38.0%
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.
Next Steps
- 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.
- Explore growth companies in the Tech industry.
Past Performance
How has Key Tronic performed over the past 5 years?
-51.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KTCC has a high level of non-cash earnings.
Growing Profit Margin: KTCC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: KTCC's earnings have declined by 51% per year over the past 5 years.
Accelerating Growth: KTCC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: KTCC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (-9.6%).
Return on Equity
High ROE: KTCC's Return on Equity (3.6%) is considered low.
Next Steps
Financial Health
How is Key Tronic's financial position?
Financial Position Analysis
Short Term Liabilities: KTCC's short term assets ($230.0M) exceed its short term liabilities ($101.6M).
Long Term Liabilities: KTCC's short term assets ($230.0M) exceed its long term liabilities ($73.9M).
Debt to Equity History and Analysis
Debt Level: KTCC's debt to equity ratio (62.7%) is considered high.
Reducing Debt: KTCC's debt to equity ratio has increased from 44.6% to 62.7% 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 (2.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Key Tronic current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KTCC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
Craig Gates (61 yo)
11.33yrs
Tenure
US$685,846
Compensation
Mr. Craig D. Gates has been the President and Chief Executive Officer of Key Tronic Corp., since April 23, 2009. Mr. Gates served as General Manager of Sales & Program Management of Key Tronic Corporation. ...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD685.85K) is about average for companies of similar size in the US market ($USD606.98K).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.33yrs | US$685.85k | 2.06% $ 1.5m | |
| Executive VP of Administration | 5.08yrs | US$398.18k | 0.32% $ 232.1k | |
| Executive Vice President of Worldwide Operations | 10.08yrs | US$375.56k | 0.86% $ 628.4k | |
| Executive Vice President of Business Development | 8.08yrs | US$336.00k | 0.67% $ 488.8k | |
| Vice President of Program Management | 8.08yrs | US$301.13k | 0.42% $ 310.7k | |
| Senior Vice President of Business Development | 3.17yrs | no data | no data | |
| Senior Vice President of US Operations | 0.92yr | no data | no data | |
| Secretary | no data | no data | no data |
8.1yrs
Average Tenure
58yo
Average Age
Experienced Management: KTCC's management team is seasoned and experienced (8.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.33yrs | US$685.85k | 2.06% $ 1.5m | |
| Independent Director | 10.83yrs | US$57.81k | 1.82% $ 1.3m | |
| Independent Director | 31.58yrs | US$65.15k | 0.39% $ 287.8k | |
| Independent Chairman of the Board | 7.83yrs | US$80.09k | 0.72% $ 526.4k | |
| Independent Director | 13.83yrs | US$67.35k | 0.063% $ 46.1k | |
| Independent Director | 1.83yrs | US$37.37k | 0.0093% $ 6.8k |
11.0yrs
Average Tenure
69yo
Average Age
Experienced Board: KTCC's board of directors are seasoned and experienced ( 11 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
Key Tronic Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Key Tronic Corporation
- Ticker: KTCC
- Exchange: NasdaqGM
- Founded: 1969
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$73.166m
- Shares outstanding: 10.76m
- Website: https://www.keytronic.com
Number of Employees
Location
- Key Tronic Corporation
- 4424 North Sullivan Road
- Spokane Valley
- Washington
- 99216
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KTCC | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Jun 1983 |
| KT1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1983 |
Biography
Key Tronic Corporation, doing business as KeyTronicEMS Co., provides electronic manufacturing services (EMS) and solutions to original equipment manufacturers in the United States and internationally. The ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/05 23:33 |
| End of Day Share Price | 2020/08/05 00:00 |
| Earnings | 2020/03/28 |
| Annual Earnings | 2019/06/29 |
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.