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KEYS

Keysight TechnologiesNYSE:KEYS Stock Report

Last Price

US$175.36

Market Cap

US$32.1b

7D

-3.3%

1Y

19.4%

Updated

25 Jan, 2022

Data

Company Financials +
KEYS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance6/6
Financial Health6/6
Dividends0/6

KEYS Stock Overview

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.

Keysight Technologies Competitors

Teledyne Technologies

NYSE:TDY

US$19.5b

National Instruments

NasdaqGS:NATI

US$5.4b

Wireless Telecom Group

NYSEAM:WTT

US$41.8m

Cisco Systems

NasdaqGS:CSCO

US$240.0b

Price History & Performance

Summary of all time highs, changes and price drops for Keysight Technologies
Historical stock prices
Current Share PriceUS$175.36
52 Week HighUS$209.08
52 Week LowUS$129.09
Beta0.96
1 Month Change-12.94%
3 Month Change-0.89%
1 Year Change19.39%
3 Year Change144.75%
5 Year Change373.05%
Change since IPO519.43%

Recent News & Updates

Jan 09
Estimating The Intrinsic Value Of Keysight Technologies, Inc. (NYSE:KEYS)

Estimating The Intrinsic Value Of Keysight Technologies, Inc. (NYSE:KEYS)

In this article we are going to estimate the intrinsic value of Keysight Technologies, Inc. ( NYSE:KEYS ) by taking the...

Shareholder Returns

KEYSUS ElectronicUS Market
7D-3.3%-5.8%-5.8%
1Y19.4%2.5%4.2%

Return vs Industry: KEYS exceeded the US Electronic industry which returned 2.5% over the past year.

Return vs Market: KEYS exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is KEYS's price volatile compared to industry and market?
KEYS volatility
KEYS Average Weekly Movement4.0%
Electronic Industry Average Movement7.5%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

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.

About the Company

FoundedEmployeesCEOWebsite
201314,300Ron Nersesianhttps://www.keysight.com

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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test instruments; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; 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; and 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.

Keysight Technologies Fundamentals Summary

How do Keysight Technologies's earnings and revenue compare to its market cap?
KEYS fundamental statistics
Market CapUS$32.10b
Earnings (TTM)US$894.00m
Revenue (TTM)US$4.94b

35.9x

P/E Ratio

6.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KEYS income statement (TTM)
RevenueUS$4.94b
Cost of RevenueUS$1.87b
Gross ProfitUS$3.07b
ExpensesUS$2.18b
EarningsUS$894.00m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.88
Gross Margin62.11%
Net Profit Margin18.09%
Debt/Equity Ratio47.3%

How did KEYS perform over the long term?

See historical performance and comparison

Valuation

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

35.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KEYS ($175.36) is trading above our estimate of fair value ($159.16)

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 (35.9x) compared to the US Electronic industry average (16.8x).

PE vs Market: KEYS is poor value based on its PE Ratio (35.9x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: KEYS is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: KEYS is overvalued based on its PB Ratio (8.5x) compared to the US Electronic industry average (2.2x).


Future Growth

How is Keysight Technologies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

15.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KEYS's forecast earnings growth (15.4% per year) is above the savings rate (2%).

Earnings vs Market: KEYS's earnings (15.4% per year) are forecast to grow faster than the US market (13% per year).

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

Revenue vs Market: KEYS's revenue (5.6% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: KEYS's revenue (5.6% 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 (25.8%)


Past Performance

How has Keysight Technologies performed over the past 5 years?

31.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KEYS has high quality earnings.

Growing Profit Margin: KEYS's current net profit margins (18.1%) are higher than last year (14.9%).


Past Earnings Growth Analysis

Earnings Trend: KEYS's earnings have grown significantly by 31.3% per year over the past 5 years.

Accelerating Growth: KEYS's earnings growth over the past year (42.6%) exceeds its 5-year average (31.3% per year).

Earnings vs Industry: KEYS earnings growth over the past year (42.6%) exceeded the Electronic industry 42.1%.


Return on Equity

High ROE: KEYS's Return on Equity (23.6%) is considered high.


Financial Health

How is Keysight Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: KEYS's short term assets ($3.8B) exceed its short term liabilities ($1.3B).

Long Term Liabilities: KEYS's short term assets ($3.8B) exceed its long term liabilities ($2.7B).


Debt to Equity History and Analysis

Debt Level: KEYS has more cash than its total debt.

Reducing Debt: KEYS's debt to equity ratio has reduced from 72.2% to 47.3% over the past 5 years.

Debt Coverage: KEYS's debt is well covered by operating cash flow (73.8%).

Interest Coverage: KEYS's interest payments on its debt are well covered by EBIT (14.3x coverage).


Balance Sheet


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?

5.7yrs

Average management tenure


CEO

Ron Nersesian (62 yo)

8.08yrs

Tenure

US$15,250,980

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 Executive Chairman of the Board since...


CEO Compensation Analysis

Compensation vs Market: Ron's total compensation ($USD15.25M) is above average for companies of similar size in the US market ($USD11.47M).

Compensation vs Earnings: Ron's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: KEYS's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: KEYS's board of directors are considered experienced (7.3 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 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
  • Implied Market Cap: US$32.098b
  • Shares outstanding: 183.04m
  • Website: https://www.keysight.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/25 06:39
End of Day Share Price2022/01/24 00:00
Earnings2021/10/31
Annual Earnings2021/10/31


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.