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Keysight Technologies

NYSE:KEYS
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KEYS
NYSE
$16B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. The last earnings update was 16 days ago. More info.


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  • Keysight Technologies has significant price volatility in the past 3 months.
KEYS Share Price and Events
7 Day Returns
1.2%
NYSE:KEYS
0.7%
US Electronic
1.2%
US Market
1 Year Returns
66.4%
NYSE:KEYS
-0.3%
US Electronic
3%
US Market
KEYS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Keysight Technologies (KEYS) 1.2% 7.1% 51.2% 66.4% 219.9% -
US Electronic 0.7% 1.1% 21.2% -0.3% 59.3% 59.2%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • KEYS outperformed the Electronic industry which returned -0.3% over the past year.
  • KEYS outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
KEYS
Industry
5yr Volatility vs Market
Related Companies

KEYS Value

 Is Keysight Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Keysight Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Keysight Technologies.

NYSE:KEYS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:KEYS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (11.03%))
1.11
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.11 * 5.96%)
9.35%

Discounted Cash Flow Calculation for NYSE:KEYS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Keysight Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:KEYS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.35%)
2019 725.65 Analyst x3 663.63
2020 788.74 Analyst x4 659.67
2021 755.00 Analyst x1 577.48
2022 738.07 Est @ -2.24% 516.28
2023 732.53 Est @ -0.75% 468.61
2024 734.67 Est @ 0.29% 429.81
2025 742.20 Est @ 1.02% 397.11
2026 753.60 Est @ 1.54% 368.74
2027 767.88 Est @ 1.89% 343.61
2028 784.35 Est @ 2.14% 320.99
Present value of next 10 years cash flows $4,745.94
NYSE:KEYS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $784.35 × (1 + 2.73%) ÷ (9.35% – 2.73%)
$12,179.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $12,179.26 ÷ (1 + 9.35%)10
$4,984.24
NYSE:KEYS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,745.94 + $4,984.24
$9,730.18
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9,730.18 / 187.99
$51.76
NYSE:KEYS Discount to Share Price
Calculation Result
Value per share (USD) From above. $51.76
Current discount Discount to share price of $86.36
= -1 x ($86.36 - $51.76) / $51.76
-66.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Keysight Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Keysight Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Keysight Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:KEYS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $0.99
NYSE:KEYS Share Price ** NYSE (2019-03-20) in USD $86.36
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.54x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Keysight Technologies.

NYSE:KEYS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KEYS Share Price ÷ EPS (both in USD)

= 86.36 ÷ 0.99

87.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keysight Technologies is overvalued based on earnings compared to the US Electronic industry average.
  • Keysight Technologies is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Keysight Technologies's expected growth come at a high price?
Raw Data
NYSE:KEYS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 87.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
35.2%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:KEYS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 87.29x ÷ 35.2%

2.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keysight Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Keysight Technologies's assets?
Raw Data
NYSE:KEYS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $14.16
NYSE:KEYS Share Price * NYSE (2019-03-20) in USD $86.36
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:KEYS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KEYS Share Price ÷ Book Value per Share (both in USD)

= 86.36 ÷ 14.16

6.1x

* Primary Listing of Keysight Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keysight Technologies is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Keysight Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Keysight Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KEYS Future Performance

 How is Keysight Technologies expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Keysight Technologies expected to grow at an attractive rate?
  • Keysight Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Keysight Technologies's earnings growth is expected to exceed the United States of America market average.
  • Keysight Technologies's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:KEYS Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:KEYS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 35.2%
NYSE:KEYS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 8.4%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:KEYS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:KEYS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-10-31 5,083 751 3
2020-10-31 4,572 927 607 7
2019-10-31 4,263 845 505 6
NYSE:KEYS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 4,047 624 185
2018-10-31 3,878 555 165
2018-07-31 3,709 383 241
2018-04-30 3,537 446 102
2018-01-31 3,300 384 87
2017-10-31 3,189 328 102
2017-07-31 3,062 404 232
2017-04-30 2,945 371 341
2017-01-31 2,923 439 380
2016-10-31 2,918 420 335
2016-07-31 2,917 358 520
2016-04-30 2,867 425 499

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Keysight Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Keysight Technologies's revenue is expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:KEYS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Keysight Technologies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KEYS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-10-31 3.90 3.90 3.90 1.00
2020-10-31 3.32 3.61 3.10 3.00
2019-10-31 2.59 2.71 2.45 3.00
NYSE:KEYS Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 0.99
2018-10-31 0.88
2018-07-31 1.29
2018-04-30 0.55
2018-01-31 0.47
2017-10-31 0.57
2017-07-31 1.32
2017-04-30 1.99
2017-01-31 2.24
2016-10-31 1.97
2016-07-31 3.06
2016-04-30 2.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Keysight Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Keysight Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Keysight Technologies has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KEYS Past Performance

  How has Keysight Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Keysight Technologies's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Keysight Technologies's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Keysight Technologies's 1-year earnings growth exceeds its 5-year average (112.6% vs -19.6%)
  • Keysight Technologies's earnings growth has exceeded the US Electronic industry average in the past year (112.6% vs 61%).
Earnings and Revenue History
Keysight Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Keysight Technologies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KEYS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 4,047.00 185.00 1,131.00 630.00
2018-10-31 3,878.00 165.00 1,116.00 606.00
2018-07-31 3,709.00 241.00 1,067.00 594.00
2018-04-30 3,537.00 102.00 1,055.00 575.00
2018-01-31 3,300.00 87.00 1,011.00 538.00
2017-10-31 3,189.00 102.00 953.00 497.00
2017-07-31 3,062.00 232.00 883.00 464.00
2017-04-30 2,945.00 341.00 811.00 436.00
2017-01-31 2,923.00 380.00 783.00 425.00
2016-10-31 2,918.00 335.00 818.00 425.00
2016-07-31 2,917.00 520.00 760.00 423.00
2016-04-30 2,867.00 499.00 745.00 409.00
2016-01-31 2,876.00 507.00 735.00 397.00
2015-10-31 2,856.00 513.00 743.00 385.00
2015-07-31 2,868.00 337.00 700.00 373.00
2015-04-30 2,960.00 374.00 746.00 375.00
2015-01-31 2,963.00 388.00 736.00 368.00
2014-10-31 2,933.00 392.00 713.00 362.00
2014-07-31 2,876.00 406.00 770.00 360.00
2014-04-30 2,820.00 410.00 723.00 359.00
2014-01-31 2,837.00 421.00 731.00 363.00
2013-10-31 2,888.00 457.00 750.00 375.00
2012-10-31 3,315.00 841.00 771.00 377.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Keysight Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Keysight Technologies used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Keysight Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Keysight Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Keysight Technologies has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KEYS Health

 How is Keysight Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Keysight Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Keysight Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Keysight Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Keysight Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Keysight Technologies Company Filings, last reported 1 month ago.

NYSE:KEYS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 2,658.00 1,790.00 1,098.00
2018-10-31 2,433.00 1,795.00 913.00
2018-07-31 2,613.00 1,790.00 742.00
2018-04-30 2,523.00 1,789.00 784.00
2018-01-31 2,484.00 2,048.00 980.00
2017-10-31 2,310.00 2,048.00 818.00
2017-07-31 2,219.00 2,087.00 876.00
2017-04-30 2,172.00 2,326.00 1,023.00
2017-01-31 1,648.00 1,093.00 896.00
2016-10-31 1,513.00 1,093.00 783.00
2016-07-31 1,597.00 1,100.00 664.00
2016-04-30 1,500.00 1,100.00 620.00
2016-01-31 1,382.00 1,099.00 572.00
2015-10-31 1,302.00 1,099.00 483.00
2015-07-31 1,105.00 1,099.00 1,000.00
2015-04-30 1,036.00 1,099.00 894.00
2015-01-31 918.00 1,099.00 887.00
2014-10-31 769.00 1,099.00 810.00
2014-07-31 1,261.00 0.00
2014-04-30 1,209.00 0.00
2014-01-31 1,199.00 0.00
2013-10-31 1,245.00 0.00
2012-10-31 1,305.00 0.00
  • Keysight Technologies's level of debt (67.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 67.3% today).
  • Debt is well covered by operating cash flow (34.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
X
Financial health checks
We assess Keysight Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Keysight Technologies has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KEYS Dividends

 What is Keysight Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Keysight Technologies dividends. Estimated to be 0% next year.
If you bought $2,000 of Keysight Technologies shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Keysight Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Keysight Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:KEYS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:KEYS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-10-31 0.00 2.00
2020-10-31 0.00 2.00
2019-10-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Keysight Technologies has not reported any payouts.
  • Unable to verify if Keysight Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Keysight Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Keysight Technologies has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Keysight Technologies's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Keysight Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Keysight Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Keysight Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KEYS Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ron Nersesian
COMPENSATION $10,240,253
AGE 59
TENURE AS CEO 5.3 years
CEO Bio

Mr. Ronald S. Nersesian, also known as Ron, has been the Chief Executive Officer and President at Keysight Technologies, Inc. since September 18, 2013. Mr. Nersesian served as the President and Chief Executive Officer of Electronic Measurement Group at Agilent Technologies, Inc. since September 2013. He served as an Executive Vice President at Agilent Technologies, Inc. since September 18, 2013. He served as the President of Agilent Technologies, Inc. from November 2012 to September 2013 and served as its Chief Operating Officer from November 2011 to September 2013. Mr. Nersesian served as an Executive Vice President of Agilent Technologies Inc., from November 2011 to November 2012. Mr. Nersesian served as Senior Vice President and President of Electronic Measurement Group at Agilent Technologies Inc. since March 2009. He oversaw all business operations of Agilent Technologies's Electronic Measurement business which includes Communications, Aerospace/Defense and General Purpose markets. He also served as Site Manager of Agilent's Santa Rosa Site, where he acts as the local Agilent spokesman. He served as a General Manager of Electronic Measurement Group at Agilent Technologies Inc. since March 2009 and its Vice President and General Manager of Wireless Business Unit of Electronic Measurements Group since February 2005 until February 2009. He was responsible for managing Agilent's Santa Rosa Site in California since 2006. He rejoined Agilent in 2002 as Vice President and General Manager of the Design Validation Division from May 2002 to February 2005. In 1996, Mr. Nersesian joined LeCroy Corporation and served as its Vice President of Worldwide Marketing and Corporate Officer from March 1996 to February 1997. He served as the Senior Vice President and General Manager of Oscilloscope Division of LeCroy Corporation from February 1998 to September 2001. He served as Chief Administrative Officer of Teledyne LeCroy, Inc., and its Senior Vice President of Worldwide Marketing from March 1997 to January 1998. He began his career in 1982 with Computer Sciences Corporation as a systems engineer for satellite communications systems. In 1984, he joined Hewlett-Packard's New Jersey Division and from 1987 to 1996 served in various management roles in the division, including as its Marketing Manager. He has been a Director of Keysight Technologies, Inc. since December 2013. He has been an Independent Director of Trimble Inc. (Former Name: Trimble Navigation Limited & Trimble Outdoors) since November 2011. He is a Member of the North Bay Leadership Council and CommNexus Board of Directors. Mr. Nersesian has a Bachelor of Science degree in Electrical Engineering from Lehigh University and a Master of Business Administration degree from New York University, Stern School of Business.

CEO Compensation
  • Ron's compensation has been consistent with company performance over the past year.
  • Ron's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Keysight Technologies management team in years:

4.6
Average Tenure
53
Average Age
  • The tenure for the Keysight Technologies management team is about average.
Management Team

Ron Nersesian

TITLE
CEO, President & Director
COMPENSATION
$10M
AGE
59
TENURE
5.3 yrs

Neil Dougherty

TITLE
CFO & Senior VP
COMPENSATION
$3M
AGE
49
TENURE
5.3 yrs

Jay Alexander

TITLE
CTO & Senior VP
COMPENSATION
$3M
AGE
55
TENURE
4.8 yrs

Soon Gooi

TITLE
Senior VP & President of Electronic Industrial Solutions Group
COMPENSATION
$4M
AGE
57

John Skinner

TITLE
Principal Accounting Officer
AGE
55
TENURE
5.3 yrs

Ingrid Estrada

TITLE
Senior VP
COMPENSATION
$719K
AGE
53
TENURE
1.6 yrs

Jason Kary

TITLE
Vice President of Treasurer & Investor Relations
AGE
49
TENURE
4.6 yrs

Mark Wallace

TITLE
Senior Vice President of Global Sales
AGE
53
TENURE
2.3 yrs

Marie Hattar

TITLE
Chief Marketing Officer & Senior VP
AGE
50
TENURE
1.7 yrs

Hamish Gray

TITLE
Senior Vice President of Corporate Services
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Keysight Technologies board of directors in years:

4.4
Average Tenure
64
Average Age
  • The tenure for the Keysight Technologies board of directors is about average.
Board of Directors

Paul Clark

TITLE
Non-Executive Chairman
COMPENSATION
$463K
AGE
71
TENURE
4.4 yrs

Ron Nersesian

TITLE
CEO, President & Director
COMPENSATION
$10M
AGE
59
TENURE
5.3 yrs

Jim Cullen

TITLE
Director
COMPENSATION
$318K
AGE
75
TENURE
4.4 yrs

Charles Dockendorff

TITLE
Director
COMPENSATION
$338K
AGE
64
TENURE
4.4 yrs

Jean Halloran

TITLE
Director
COMPENSATION
$298K
AGE
66
TENURE
4.4 yrs

Rick Hamada

TITLE
Independent Director
COMPENSATION
$298K
AGE
60
TENURE
4.4 yrs

Bob Rango

TITLE
Director
COMPENSATION
$308K
AGE
60
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • Keysight Technologies insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Mar 19 Sell Soon Gooi Individual 27. Feb 19 27. Feb 19 -25,381 $85.00 $-2,157,385
01. Mar 19 Sell Neil Dougherty Individual 27. Feb 19 27. Feb 19 -25,621 $84.83 $-2,173,406
27. Feb 19 Sell John Skinner Individual 26. Feb 19 26. Feb 19 -4,671 $84.61 $-395,209
20. Dec 18 Sell Satish Dhanasekaran Individual 19. Dec 18 19. Dec 18 -1,354 $61.54 $-83,325
18. Dec 18 Sell Soon Gooi Individual 14. Dec 18 14. Dec 18 -15,091 $61.02 $-920,808
27. Nov 18 Sell Stephen Williams Individual 23. Nov 18 23. Nov 18 -17,752 $57.16 $-1,014,624
01. Oct 18 Sell Neil Dougherty Individual 27. Sep 18 27. Sep 18 -3,999 $65.57 $-262,198
05. Jun 18 Sell Ronald Nersesian Individual 04. Jun 18 04. Jun 18 -50,000 $60.85 $-3,042,685
30. Mar 18 Sell Satish Dhanasekaran Individual 29. Mar 18 29. Mar 18 -2,000 $51.94 $-103,872
30. Mar 18 Sell Neil Dougherty Individual 28. Mar 18 28. Mar 18 -6,671 $51.13 $-341,090
X
Management checks
We assess Keysight Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Keysight Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KEYS News

Simply Wall St News

Shareholders Are Thrilled That The Keysight Technologies Share Price Increased 219%

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the three years of share price growth, Keysight Technologies actually saw its earnings per share (EPS) drop 31% per year. … In that case, the company may be sacrificing current earnings per share to drive growth, and maybe shareholder's faith in better days ahead will be rewarded.

Simply Wall St -

Is Keysight Technologies, Inc.'s (NYSE:KEYS) Balance Sheet Strong Enough To Weather A Storm?

the key to their continued success lies in its financial health. … Today we will look at Keysight Technologies’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis

Simply Wall St -

Don't Sell Keysight Technologies, Inc. (NYSE:KEYS) Before You Read This

We'll show how you can use Keysight Technologies, Inc.'s (NYSE:KEYS) P/E ratio to inform your assessment of the investment opportunity. … Keysight Technologies has a P/E ratio of 76.28, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Keysight Technologies, Inc.'s (NYSE:KEYS) ROE Of 6.8% Concerning?

Keysight Technologies has a ROE of 6.8%, based on the last twelve months. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.068 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did Keysight Technologies, Inc. (NYSE:KEYS) Insiders Sell Shares?

So we'll take a look at whether insiders have been buying or selling shares in Keysight Technologies, Inc. … That means that an insider was selling shares at below the current price (US$61.49). … All up, insiders sold more shares in Keysight Technologies than they bought, over the last year.

Simply Wall St -

What Should Investors Know About Keysight Technologies Inc's (NYSE:KEYS) Return On Capital?

and want to begin learning the link between Keysight Technologies Inc (NYSE:KEYS)’s return fundamentals and stock market performance. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Keysight Technologies, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Calculating The Intrinsic Value Of Keysight Technologies Inc (NYSE:KEYS)

I am going to run you through how I calculated the intrinsic value of Keysight Technologies Inc (NYSE:KEYS). … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Why Keysight Technologies Inc (NYSE:KEYS) Could Be Worth Watching

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price? … A question to answer is whether Keysight Technologies's current trading price of $57.18 reflective of the actual value of the? … Let’s take a look at Keysight Technologies’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is Keysight Technologies Inc's (NYSE:KEYS) Balance Sheet Strong Enough To Weather A Storm?

Investors pursuing a solid, dependable stock investment can often be led to Keysight Technologies Inc (NYSE:KEYS), a large-cap worth US$11.6b. … Let’s take a look at Keysight Technologies’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … View our latest analysis for Keysight Technologies

Simply Wall St -

Should You Sell When Keysight Technologies Inc's (NYSE:KEYS) Insiders Do?

Keysight Technologies's insiders have divested from. … Generally, insiders selling shares in their own firm sends a bearish signal … A research published in The MIT Press (1998) concluded that stocks following insider selling fell 2.7% compared to the market

Simply Wall St -

KEYS Company Info

Description

Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions. The company’s Electronic Industrial Solutions Group segment offers design and design verification tools; and general purpose test and measurement products, such as digital multi-meters, function generators, waveform synthesizers, counters, data acquisition products, audio analyzers, LCR Meters, thermal imaging solutions, low-cost USB modular units, precision source measurement units, ultra-high precision device current analyzers, test executive software platforms, and a range of power supplies. This segment also offers manufacturing systems, such as printed-circuit-board-assembly testers and IC parametric testers; and material analysis products. Its Services Solutions Group segment provides repair, calibration, and consulting services; and remarkets used Keysight equipment, as well as asset management solutions. The company also offers start-up assistance, instrument productivity, and application services, as well as customization, consulting, application, and instrument calibration and repair services. It sells its products through direct sales force, distributors, resellers, and manufacturer's representatives. The company was incorporated in 2013 and is headquartered in Santa Rosa, California.

Details
Name: Keysight Technologies, Inc.
KEYS
Exchange: NYSE
Founded: 2013
$16,234,706,118
187,988,723
Website: http://www.keysight.com
Address: Keysight Technologies, Inc.
1400 Fountaingrove Parkway,
Santa Rosa,
California, 95403,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KEYS Common Stock New York Stock Exchange US USD 21. Oct 2014
DB 1KT Common Stock Deutsche Boerse AG DE EUR 21. Oct 2014
Number of employees
Current staff
Staff numbers
13,000
Keysight Technologies employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:51
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/03/05
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.