Keysight Technologies
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 Year Returns
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.
KEYS Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Keysight Technologies.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Keysight Technologies's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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%).
Future performance checks
We assess Keysight Technologies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Keysight Technologies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Keysight Technologies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Keysight Technologies Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess Keysight Technologies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Keysight Technologies has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Keysight Technologies
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Keysight Technologies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Keysight Technologies management team is about average.
Management Team
Ron Nersesian
CEO, President & Director
$10M
59
5.3 yrs
Neil Dougherty
CFO & Senior VP
$3M
49
5.3 yrs
Jay Alexander
CTO & Senior VP
$3M
55
4.8 yrs
Soon Gooi
Senior VP & President of Electronic Industrial Solutions Group
$4M
57
John Skinner
Principal Accounting Officer
55
5.3 yrs
Ingrid Estrada
Senior VP
$719K
53
1.6 yrs
Jason Kary
Vice President of Treasurer & Investor Relations
49
4.6 yrs
Mark Wallace
Senior Vice President of Global Sales
53
2.3 yrs
Marie Hattar
Chief Marketing Officer & Senior VP
50
1.7 yrs
Hamish Gray
Senior Vice President of Corporate Services
1.5 yrs
Board of Directors Tenure
Average tenure and age of the Keysight Technologies board of directors in years:
- The tenure for the Keysight Technologies board of directors is about average.
Board of Directors
Paul Clark
Non-Executive Chairman
$463K
71
4.4 yrs
Ron Nersesian
CEO, President & Director
$10M
59
5.3 yrs
Jim Cullen
Director
$318K
75
4.4 yrs
Charles Dockendorff
Director
$338K
64
4.4 yrs
Jean Halloran
Director
$298K
66
4.4 yrs
Rick Hamada
Independent Director
$298K
60
4.4 yrs
Bob Rango
Director
$308K
60
3.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Keysight Technologies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleIs 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 - – Full articleDon'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 - – Full articleIs 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 - – Full articleDid 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 - – Full articleWhat 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 - – Full articleCalculating 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 - – Full articleWhy 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 - – Full articleIs 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 - – Full articleShould 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 - – Full articleKEYS 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
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.
