Keysight Technologies
Market Cap
US$19.6b
Last Updated
2020/01/24 01:21 UTC
Data Sources
Company Financials +
Executive Summary
Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific regions.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with solid track record.
Similar Companies
Share Price & News
How has Keysight Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KEYS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.1%
KEYS
-0.1%
US Electronic
0.6%
US Market
1 Year Return
46.6%
KEYS
29.0%
US Electronic
24.6%
US Market
Return vs Industry: KEYS exceeded the US Electronic industry which returned 30.2% over the past year.
Return vs Market: KEYS exceeded the US Market which returned 24.7% over the past year.
Shareholder returns
| KEYS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | -0.1% | 0.6% |
| 30 Day | 0.9% | 1.9% | 3.0% |
| 90 Day | 2.8% | 9.4% | 10.6% |
| 1 Year | 46.6%46.6% | 30.3%29.0% | 27.3%24.6% |
| 3 Year | 181.4%181.4% | 48.8%44.6% | 50.5%40.8% |
| 5 Year | 212.0%212.0% | 88.8%79.2% | 78.9%59.1% |
Price Volatility Vs. Market
How volatile is Keysight Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Does Keysight Technologies, Inc.'s (NYSE:KEYS) P/E Ratio Tell You?2 weeks ago | Simply Wall St
Did You Miss Keysight Technologies's (NYSE:KEYS) Impressive 207% Share Price Gain?1 month ago | Simply Wall St
Why Keysight Technologies, Inc. (NYSE:KEYS) Could Be Worth WatchingValuation
Is Keysight Technologies undervalued compared to its fair value and its price relative to the market?
31.53x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KEYS ($101.39) is trading above our estimate of fair value ($100.7)
Significantly Below Fair Value: KEYS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KEYS is poor value based on its PE Ratio (30.7x) compared to the Electronic industry average (21.2x).
PE vs Market: KEYS is poor value based on its PE Ratio (30.7x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: KEYS is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: KEYS is overvalued based on its PB Ratio (6.3x) compared to the US Electronic industry average (2.1x).
Next Steps
Future Growth
How is Keysight Technologies forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
16.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEYS's forecast earnings growth (16.9% per year) is above the savings rate (1.7%).
Earnings vs Market: KEYS's earnings (16.9% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: KEYS's earnings are forecast to grow, but not significantly.
Revenue vs Market: KEYS's revenue (7.3% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: KEYS's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KEYS's Return on Equity is forecast to be high in 3 years time (22%)
Next Steps
Past Performance
How has Keysight Technologies performed over the past 5 years?
-11.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEYS has high quality earnings.
Growing Profit Margin: KEYS's current net profit margins (14.4%) are higher than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: KEYS's earnings have declined by -11.3% per year over the past 5 years.
Accelerating Growth: KEYS's earnings growth over the past year (276.4%) exceeds its 5-year average (-11.3% per year).
Earnings vs Industry: KEYS earnings growth over the past year (276.4%) exceeded the Electronic industry 53.6%.
Return on Equity
High ROE: KEYS's Return on Equity (20.7%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Keysight Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: KEYS's short term assets ($3.2B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: KEYS's short term assets ($3.2B) exceed its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: KEYS's debt to equity ratio (59.5%) is considered high.
Reducing Debt: KEYS's debt to equity ratio has reduced from 142.6% to 59.5% over the past 5 years.
Debt Coverage: KEYS's debt is well covered by operating cash flow (55.8%).
Interest Coverage: KEYS's interest payments on its debt are well covered by EBIT (13.6x coverage).
Balance Sheet
Inventory Level: KEYS has a low level of unsold assets or inventory.
Debt Coverage by Assets: KEYS's debt is covered by short term assets (assets are 1.8x debt).
Next Steps
Dividend
What is Keysight Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate KEYS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate KEYS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KEYS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KEYS'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 KEYS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Keysight Technologies's salary, the management and board of directors tenure and is there insider trading?
5.4yrs
Average management tenure
CEO
Ron Nersesian (60yo)
6.1yrs
Tenure
US$10,240,253
Compensation
Mr. Ronald S. Nersesian, also known as Ron, has been the Chief Executive Officer and President at Keysight Technologies, Inc. since September 18, 2013 and has been its Chairman of the Board since November ...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD10.24M) is about average for companies of similar size in the US market ($USD10.76M).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.4yrs
Average Tenure
54yo
Average Age
Experienced Management: KEYS's management team is seasoned and experienced (5.4 years average tenure).
Board Age and Tenure
4.2yrs
Average Tenure
65yo
Average Age
Experienced Board: KEYS's board of directors are considered experienced (4.2 years average tenure).
Insider Trading
Insider Buying: KEYS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 2,393 |
| Max Price | US$103.12 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Senior VP |
| Shares | 23,254 |
| Max Price | US$103.19 |
| Entity | Individual |
| Role | Head of Sales Senior Vice President of Global Sales |
| Shares | 10,000 |
| Max Price | US$105.81 |
| Entity | Individual |
| Role | Chief Legal Officer SVP, General Counsel & Secretary |
| Shares | 2,737 |
| Max Price | US$105.87 |
| Entity | Individual |
| Role | Chief Technology Officer CTO & Senior VP |
| Shares | 15,000 |
| Max Price | US$106.00 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP & President of Electronic Industrial Solutions Group |
| Shares | 20,000 |
| Max Price | US$107.95 |
| Entity | Individual |
| Role | Chief Accounting Officer Principal Accounting Officer |
| Shares | 8,327 |
| Max Price | US$103.17 |
| Entity | Individual |
| Role | Chief Administrative Officer Senior VP |
| Shares | 3,500 |
| Max Price | US$100.00 |
| Entity | Individual |
| Shares | 2,600 |
| Max Price | US$96.56 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 16,268 |
| Max Price | US$75.50 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP & President of Electronic Industrial Solutions Group |
| Shares | 25,381 |
| Max Price | US$85.00 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Senior VP |
| Shares | 25,621 |
| Max Price | US$84.83 |
| Entity | Individual |
| Role | Chief Accounting Officer Principal Accounting Officer |
| Shares | 4,671 |
| Max Price | US$84.61 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Ron Nersesian (60yo)
Chairman of the Board
- Tenure: 6.1yrs
- Compensation: US$10.24m
Soon Gooi (58yo)
Senior VP & President of Electronic Industrial Solutions Group
- Compensation: US$3.51m
Jeff Li (49yo)
SVP, General Counsel & Secretary
- Tenure: 0.5yrs
Marie Hattar (51yo)
Chief Marketing Officer & Senior VP
- Tenure: 2.5yrs
Neil Dougherty (50yo)
CFO & Senior VP
- Tenure: 6.1yrs
- Compensation: US$2.73m
John Skinner (56yo)
Principal Accounting Officer
- Tenure: 6.1yrs
Jay Alexander (56yo)
CTO & Senior VP
- Tenure: 5.7yrs
- Compensation: US$2.59m
Ingrid Estrada (54yo)
Senior VP
- Tenure: 2.4yrs
- Compensation: US$718.56k
Jason Kary (50yo)
Vice President of Treasurer & Investor Relations
- Tenure: 5.4yrs
Mark Wallace (54yo)
Senior Vice President of Global Sales
- Tenure: 3.2yrs
Board Members
Rick Hamada (61yo)
Independent Director
- Tenure: 5.3yrs
- Compensation: US$298.01k
Ron Nersesian (60yo)
Chairman of the Board
- Tenure: 6.1yrs
- Compensation: US$10.24m
Jean Halloran (67yo)
Independent Director
- Tenure: 5.3yrs
- Compensation: US$298.01k
Paul Clark (72yo)
Lead Independent Director
- Tenure: 0.2yrs
- Compensation: US$463.01k
Jim Cullen (76yo)
Independent Director
- Tenure: 5.3yrs
- Compensation: US$318.01k
Bob Rango (61yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: US$308.01k
Charles Dockendorff (65yo)
Independent Director
- Tenure: 5.3yrs
- Compensation: US$338.01k
Paul Lacouture (68yo)
Director
- Tenure: 0.8yrs
Joanne Olsen (60yo)
Director
- Tenure: 0.7yrs
Company Information
Keysight Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Keysight Technologies, Inc.
- Ticker: KEYS
- Exchange: NYSE
- Founded: 2013
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$19.629b
- Shares outstanding: 188.45m
- Website: https://www.keysight.com
Number of Employees
Location
- Keysight Technologies, Inc.
- 1400 Fountaingrove Parkway
- Santa Rosa
- California
- 95403
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KEYS | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 2014 |
| 1KT | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 2014 |
| KEYS * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Oct 2014 |
Biography
Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific regions. Its Communications Solutions Group segment provides electronic design automation (EDA) software; and radio frequency and microwave test instruments; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment. The company’s Electronic Industrial Solutions Group segment offers design tools; design verification solutions; digital multi-meters, function generators, frequency counters, data acquisition systems, audio analyzers, LCR meters, thermal imagers, precision source measure units, ultra-high precision device current analyzers, and test executive software platforms, as well as various power supplies comprising AC/DC modular supplies and electronically programmable loads. This segment also provides printed-circuit-board-assembly testers, integrated circuit parametric testers, and sub-nano-meter positioning sub-assemblies; test and measurement products and software; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment. Its Ixia Solutions Group segment offers software applications and services, including warranty and maintenance offerings, and hardware platforms. The company 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/24 01:21 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/10/31 |
| Annual Earnings | 2019/10/31 |
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.