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KN

Knowles NYSE:KN Stock Report

Last Price

US$17.49

Market Cap

US$1.6b

7D

1.1%

1Y

-12.3%

Updated

28 Jun, 2022

Data

Company Financials +
KN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

KN Stock Overview

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets.

Knowles Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Knowles
Historical stock prices
Current Share PriceUS$17.49
52 Week HighUS$23.81
52 Week LowUS$16.80
Beta1.36
1 Month Change-9.28%
3 Month Change-22.09%
1 Year Change-12.33%
3 Year Change-4.01%
5 Year Change3.43%
Change since IPO-39.04%

Recent News & Updates

May 30
What Is Knowles Corporation's (NYSE:KN) Share Price Doing?

What Is Knowles Corporation's (NYSE:KN) Share Price Doing?

While Knowles Corporation ( NYSE:KN ) might not be the most widely known stock at the moment, it received a lot of...

Shareholder Returns

KNUS ElectronicUS Market
7D1.1%5.0%6.3%
1Y-12.3%-19.8%-18.8%

Return vs Industry: KN exceeded the US Electronic industry which returned -19.8% over the past year.

Return vs Market: KN exceeded the US Market which returned -18.8% over the past year.

Price Volatility

Is KN's price volatile compared to industry and market?
KN volatility
KN Average Weekly Movement4.3%
Electronic Industry Average Movement7.4%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: KN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
19467,000Jeff Niewhttps://www.knowles.com

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones, balanced armature speakers, and audio processors used in applications that serve the mobile, hearing health, True Wireless Stereo, Internet of Things, and computing markets.

Knowles Fundamentals Summary

How do Knowles's earnings and revenue compare to its market cap?
KN fundamental statistics
Market CapUS$1.60b
Earnings (TTM)US$155.80m
Revenue (TTM)US$868.50m

10.3x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KN income statement (TTM)
RevenueUS$868.50m
Cost of RevenueUS$503.70m
Gross ProfitUS$364.80m
Other ExpensesUS$209.00m
EarningsUS$155.80m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.70
Gross Margin42.00%
Net Profit Margin17.94%
Debt/Equity Ratio4.7%

How did KN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is KN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KN?

Other financial metrics that can be useful for relative valuation.

KN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA8.5x
PEG Ratio3.4x

Price to Earnings Ratio vs Peers

How does KN's PE Ratio compare to its peers?

KN PE Ratio vs Peers
The above table shows the PE ratio for KN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.4x
BDC Belden
31.1x19.5%US$2.4b
VSH Vishay Intertechnology
7.9x0.4%US$2.6b
ROG Rogers
52.1xn/aUS$4.9b
LFUS Littelfuse
18.5x5.8%US$6.4b
KN Knowles
10.3x3.0%US$1.6b

Price-To-Earnings vs Peers: KN is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (27.4x).


Price to Earnings Ratio vs Industry

How does KN's PE Ratio compare vs other companies in the US Electronic Industry?

Price-To-Earnings vs Industry: KN is good value based on its Price-To-Earnings Ratio (10.3x) compared to the US Electronic industry average (17.7x)


Price to Earnings Ratio vs Fair Ratio

What is KN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: KN is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).


Share Price vs Fair Value

What is the Fair Price of KN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KN ($17.49) is trading above our estimate of fair value ($14.66)

Significantly Below Fair Value: KN is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: KN is poor value based on its PEG Ratio (3.4x)


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Future Growth

How is Knowles forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KN's forecast earnings growth (3% per year) is above the savings rate (1.9%).

Earnings vs Market: KN's earnings (3% per year) are forecast to grow slower than the US market (13.8% per year).

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

Revenue vs Market: KN's revenue (7.2% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: KN's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KN's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Knowles performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


35.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KN has high quality earnings.

Growing Profit Margin: KN's current net profit margins (17.9%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: KN's earnings have grown significantly by 35.8% per year over the past 5 years.

Accelerating Growth: KN's earnings growth over the past year (452.5%) exceeds its 5-year average (35.8% per year).

Earnings vs Industry: KN earnings growth over the past year (452.5%) exceeded the Electronic industry 33%.


Return on Equity

High ROE: KN's Return on Equity (10.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Knowles's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KN's short term assets ($383.9M) exceed its short term liabilities ($143.0M).

Long Term Liabilities: KN's short term assets ($383.9M) exceed its long term liabilities ($101.6M).


Debt to Equity History and Analysis

Debt Level: KN's net debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: KN's debt to equity ratio has reduced from 27.7% to 4.7% over the past 5 years.

Debt Coverage: KN's debt is well covered by operating cash flow (204.6%).

Interest Coverage: KN's interest payments on its debt are well covered by EBIT (11.9x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate KN'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 KN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as KN has not reported any payouts.


Discover strong dividend paying companies

Management

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

6.1yrs

Average management tenure


CEO

Jeff Niew (54 yo)

8.75yrs

Tenure

US$8,999,264

Compensation

Mr. Jeffrey S. Niew, also known as Jeff, has been the Chief Executive Officer and President of Knowles Corporation since September 2013 and has been its Director since February 28, 2014. Mr. Niew served as...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD9.00M) is above average for companies of similar size in the US market ($USD5.48M).

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


Leadership Team

Experienced Management: KN's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: KN's board of directors are considered experienced (7.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: KN 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

Knowles Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Knowles Corporation
  • Ticker: KN
  • Exchange: NYSE
  • Founded: 1946
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: US$1.605b
  • Shares outstanding: 91.75m
  • Website: https://www.knowles.com

Number of Employees


Location

  • Knowles Corporation
  • 1151 Maplewood Drive
  • Itasca
  • Illinois
  • 60143
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.