National Instruments
Market Cap
US$5.7b
Last Updated
2019/11/17 23:41 UTC
Data Sources
Company Financials +
Executive Summary
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide.
Snowflake
Fundamentals
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has National Instruments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NATI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.1%
NATI
-0.3%
US Electronic
0.7%
US Market
1 Year Return
-13.0%
NATI
19.2%
US Electronic
13.7%
US Market
Return vs Industry: NATI underperformed the US Electronic industry which returned 19.2% over the past year.
Return vs Market: NATI underperformed the US Market which returned 13.7% over the past year.
Shareholder returns
| NATI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | -0.3% | 0.7% |
| 30 Day | 7.0% | 4.9% | 4.7% |
| 90 Day | 1.3% | 13.3% | 6.1% |
| 1 Year | -11.0%-13.0% | 20.4%19.2% | 16.2%13.7% |
| 3 Year | 54.9%45.0% | 51.3%47.0% | 48.8%39.2% |
| 5 Year | 51.9%34.6% | 80.9%72.0% | 62.5%44.5% |
Price Volatility Vs. Market
How volatile is National Instruments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
National Instruments Corporation (NASDAQ:NATI) Pays A 0.6% In Just 4 Days2 weeks ago | Simply Wall St
National Instruments Corporation Just Recorded A 24% EPS Beat: Here's What Analysts Are Forecasting Next4 weeks ago | Simply Wall St
Here's Why I Think National Instruments (NASDAQ:NATI) Is An Interesting StockValuation
Is National Instruments undervalued compared to its fair value and its price relative to the market?
35.85x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NATI ($43.46) is trading above our estimate of fair value ($17.8)
Significantly Below Fair Value: NATI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NATI is poor value based on its PE Ratio (35.9x) compared to the Electronic industry average (20.8x).
PE vs Market: NATI is poor value based on its PE Ratio (35.9x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: NATI is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: NATI is overvalued based on its PB Ratio (4.9x) compared to the US Electronic industry average (2.1x).
Next Steps
Future Growth
How is National Instruments forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
8.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NATI's forecast earnings growth (8.5% per year) is above the savings rate (2.7%).
Earnings vs Market: NATI's earnings (8.5% per year) are forecast to grow slower than the US market (14.4% per year).
High Growth Earnings: NATI's earnings are forecast to grow, but not significantly.
Revenue vs Market: NATI's revenue (5.5% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: NATI's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NATI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has National Instruments performed over the past 5 years?
3.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NATI has high quality earnings.
Growing Profit Margin: NATI's current net profit margins (11.9%) are higher than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: NATI's earnings have grown by 3.2% per year over the past 5 years.
Accelerating Growth: NATI's earnings growth over the past year (115.7%) exceeds its 5-year average (3.2% per year).
Earnings vs Industry: NATI earnings growth over the past year (115.7%) exceeded the Electronic industry 56.3%.
Return on Equity
High ROE: NATI's Return on Equity (13.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is National Instruments's financial position?
Financial Position Analysis
Short Term Liabilities: NATI's short term assets ($929.5M) exceeds its short term liabilities ($293.1M)
Long Term Liabilities: NATI's short term assets ($929.5M) exceeds its long term liabilities (173.1M)
Debt to Equity History and Analysis
Debt Level: NATI is debt free.
Reducing Debt: NATI had no debt 5 years ago.
Debt Coverage: NATI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NATI has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: NATI has a high level of physical assets or inventory.
Debt Coverage by Assets: NATI's debt is not covered by short term assets (assets are -1.3082028050088E+17x debt).
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Dividend
What is National Instruments's current dividend yield, its reliability and sustainability?
2.30%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NATI's dividend (2.3%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: NATI's dividend (2.3%) is low compared to the top 25% of dividend payers in the US market (3.65%).
Stability and Growth of Payments
Stable Dividend: NATI's dividends per share have been stable in the past 10 years.
Growing Dividend: NATI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.8%), NATI's payments are 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 National Instruments's salary, the management and board of directors tenure and is there insider trading?
2.3yrs
Average management tenure
CEO
Alex Davern (52yo)
2.8yrs
Tenure
US$3,548,896
Compensation
Mr. Alexander M. Davern, also known as Alex, CPA, has been its Chief Executive Officer at National Instruments Corporation since January 01, 2017 and served as its Chairman until 2019. He was President of ...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD3.55M) is below average for companies of similar size in the US market ($USD6.73M).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.3yrs
Average Tenure
52yo
Average Age
Experienced Management: NATI's management team is considered experienced (2.3 years average tenure).
Board Age and Tenure
3.3yrs
Average Tenure
61yo
Average Age
Experienced Board: NATI's board of directors are considered experienced (3.3 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
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Global Product Research & Development |
| Shares | 3,027 |
| Max Price | US$40.88 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,028 |
| Max Price | US$43.67 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Global Product Research & Development |
| Shares | 4,432 |
| Max Price | US$49.23 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Alex Davern (52yo)
CEO & Director
- Tenure: 2.8yrs
- Compensation: US$3.55m
Jeff Kodosky (69yo)
Co-Founder & Director
- Tenure: 43.8yrs
John Roiko (61yo)
VP of Finance & Chief Accounting Officer
- Tenure: 2yrs
- Compensation: US$508.73k
Eric Starkloff (44yo)
President & COO
- Tenure: 1.1yrs
- Compensation: US$2.84m
Scott Rust (52yo)
Senior Vice President of Global Product Research & Development
- Tenure: 5.8yrs
- Compensation: US$1.35m
Carla Piñeyro Sublett
First Chief Marketing Officer
- Tenure: 0.8yrs
Kevin Ilcisin
Vice President of Strategy & Corporate Development
- Tenure: 0yrs
Karen Rapp (51yo)
Executive VP
- Tenure: 2.5yrs
- Compensation: US$1.56m
Marissa Vidaurri
Head of Strategic Communications & Investor Relations
- Tenure: 0yrs
R. Dixon
VP, General Counsel & Secretary
- Tenure: 0.8yrs
Board Members
Jim Cashman (65yo)
Independent Director
- Tenure: 0.7yrs
Charles Roesslein (70yo)
Independent Director
- Tenure: 19.3yrs
- Compensation: US$265.13k
Alex Davern (52yo)
CEO & Director
- Tenure: 2.8yrs
- Compensation: US$3.55m
Jeff Kodosky (69yo)
Co-Founder & Director
- Tenure: 43.8yrs
Gerhard Fettweis (57yo)
Independent Director
- Tenure: 3.7yrs
- Compensation: US$247.63k
Liam Griffin (52yo)
Independent Director
- Tenure: 0.7yrs
Duy-Loan Le (56yo)
Independent Director
- Tenure: 17.2yrs
- Compensation: US$266.54k
Michael McGrath (69yo)
Independent Chairman of the Board
- Tenure: 0.8yrs
- Compensation: US$303.83k
Company Information
National Instruments Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: National Instruments Corporation
- Ticker: NATI
- Exchange: NasdaqGS
- Founded: 1976
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$5.696b
- Shares outstanding: 131.06m
- Website: https://www.ni.com
Number of Employees
Location
- National Instruments Corporation
- 11500 North MoPac Expressway
- Austin
- Texas
- 78759
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NATI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Mar 1995 |
| NI1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1995 |
Biography
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application soft ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/17 23:41 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.