NYSE:KEYS

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Keysight Technologies

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. More Details


Snowflake Analysis

Excellent balance sheet with proven 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: KEYS's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.9%

KEYS

3.8%

US Electronic

2.8%

US Market


1 Year Return

9.7%

KEYS

18.2%

US Electronic

19.7%

US Market

Return vs Industry: KEYS underperformed the US Electronic industry which returned 20.8% over the past year.

Return vs Market: KEYS underperformed the US Market which returned 20.4% over the past year.


Shareholder returns

KEYSIndustryMarket
7 Day2.9%3.8%2.8%
30 Day12.0%13.3%8.0%
90 Day24.0%20.8%6.8%
1 Year9.7%9.7%19.4%18.2%22.4%19.7%
3 Year175.0%175.0%31.7%27.9%47.3%37.5%
5 Year297.7%297.7%108.3%98.3%93.6%72.3%

Long-Term 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

Valuation

Is Keysight Technologies undervalued compared to its fair value and its price relative to the market?

35.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KEYS ($118.52) is trading above our estimate of fair value ($102.78)

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 (35.3x) compared to the US Electronic industry average (25.9x).

PE vs Market: KEYS is poor value based on its PE Ratio (35.3x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: KEYS is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: KEYS is overvalued based on its PB Ratio (6.7x) compared to the US Electronic industry average (2.3x).


Next Steps

Future Growth

How is Keysight Technologies forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KEYS's forecast earnings growth (18% per year) is above the savings rate (2.2%).

Earnings vs Market: KEYS's earnings (18% per year) are forecast to grow slower than the US market (22.1% per year).

High Growth Earnings: KEYS's earnings are forecast to grow, but not significantly.

Revenue vs Market: KEYS's revenue (7.6% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: KEYS's revenue (7.6% 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?

6.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KEYS has high quality earnings.

Growing Profit Margin: KEYS's current net profit margins (14.9%) are higher than last year (14.4%).


Past Earnings Growth Analysis

Earnings Trend: KEYS's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: KEYS's earnings growth over the past year (0.9%) is below its 5-year average (6.9% per year).

Earnings vs Industry: KEYS earnings growth over the past year (0.9%) exceeded the Electronic industry -16.2%.


Return on Equity

High ROE: KEYS's Return on Equity (19%) is considered low.


Next Steps

Financial Health

How is Keysight Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: KEYS's short term assets ($3.4B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: KEYS's short term assets ($3.4B) exceed its long term liabilities ($2.8B).


Debt to Equity History and Analysis

Debt Level: KEYS's debt to equity ratio (54.3%) is considered high.

Reducing Debt: KEYS's debt to equity ratio has reduced from 84.3% to 54.3% over the past 5 years.

Debt Coverage: KEYS's debt is well covered by operating cash flow (56.8%).

Interest Coverage: KEYS's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KEYS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KEYS'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 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

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Ron Nersesian (61 yo)

6.92yrs

Tenure

US$11,124,216

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 ($USD11.12M) is about average for companies of similar size in the US market ($USD10.82M).

Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ronald Nersesian
Chairman of the Board6.92yrsUS$11.12m0.20%
$ 44.6m
Neil Dougherty
CFO & Senior VP6.92yrsUS$3.09m0.061%
$ 13.5m
Satish Dhanasekaran
Senior VP & COO0.083yrUS$2.84m0.012%
$ 2.6m
Jay Alexander
CTO & Senior VP6.5yrsUS$2.77m0.038%
$ 8.2m
Soon Gooi
Senior VP & President of Order Fulfillment & Digital Operations5yrsUS$4.38m0.12%
$ 26.6m
John Skinner
Principal Accounting Officer6.92yrsno data0.014%
$ 3.0m
Ingrid Estrada
Senior VP3.25yrsUS$718.56k0.039%
$ 8.5m
Jason Kary
Vice President of Treasurer & Investor Relations6.25yrsno datano data
Jeffrey Li
SVP, General Counsel & Secretary1.33yrsno data0.0052%
$ 1.1m
Mark Wallace
Senior Vice President of Global Sales4yrsno data0.022%
$ 4.9m
Marie Hattar
Chief Marketing Officer & Senior VP3.33yrsno datano data
Hamish Gray
Senior Vice President of Corporate Services3.17yrsno datano data

4.5yrs

Average Tenure

55yo

Average Age

Experienced Management: KEYS's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ronald Nersesian
Chairman of the Board6.92yrsUS$11.12m0.20%
$ 44.6m
Richard Hamada
Independent Director6.08yrsUS$299.27kno data
Jean Halloran
Independent Director6.08yrsUS$299.27k0.024%
$ 5.2m
Paul Clark
Lead Independent Director1yrUS$464.27k0.00018%
$ 39.5k
James Cullen
Independent Director6.08yrsUS$319.27k0.0093%
$ 2.0m
Robert Rango
Independent Director5yrsUS$309.27kno data
Charles Dockendorff
Independent Director6.08yrsUS$339.27k0.0097%
$ 2.1m
Paul Lacouture
Independent Director1.67yrsUS$306.77k0.0026%
$ 566.6k
Joanne Olsen
Independent Director1.5yrsUS$204.69k0.00095%
$ 208.6k

5.0yrs

Average Tenure

66yo

Average Age

Experienced Board: KEYS's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KEYS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$21.962b
  • Shares outstanding: 185.30m
  • Website: https://www.keysight.com

Number of Employees


Location

  • Keysight Technologies, Inc.
  • 1400 Fountaingrove Parkway
  • Santa Rosa
  • California
  • 95403-1738
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KEYSNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 2014
1KTDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2014
KEYS *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNOct 2014
K1SG34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 SHS UNSPONBRBRLJan 2020

Biography

Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and edu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 00:48
End of Day Share Price2020/11/25 00:00
Earnings2020/10/31
Annual Earnings2020/10/31


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.