Knowles (NYSE:KN) - Share price, News & Analysis

KN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

KN Stock Overview

Rewards

Price-To-Earnings ratio (11x) is below the US market (15.1x)

Earnings are forecast to grow 3% per year

Earnings grew by 452.5% over the past year

Risk Analysis

Significant insider selling over the past 3 months

Knowles Competitors

Vishay Intertechnology

NYSE:VSH

US$2.8b

Texas Instruments

NasdaqGS:TXN

US$154.8b

QUALCOMM

NasdaqGS:QCOM

US$144.0b

Analog Devices

NasdaqGS:ADI

US$84.1b

Price History & Performance

Summary of all time highs, changes and price drops for Knowles
Historical stock prices
Current Share Price	US$18.68
52 Week High	US$23.81
52 Week Low	US$18.01
Beta	1.37
1 Month Change	0.11%
3 Month Change	-13.24%
1 Year Change	-7.16%
3 Year Change	17.56%
5 Year Change	9.62%
Change since IPO	-34.89%

Recent News & Updates

May 05

Does Knowles (NYSE:KN) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

	KN	US Electronic	US Market
7D	-4.3%	-5.0%	-4.0%
1Y	-7.2%	-16.2%	-13.2%

Return vs Industry: KN exceeded the US Electronic industry which returned -15% over the past year.

Return vs Market: KN exceeded the US Market which returned -12.3% over the past year.

Price Volatility

Is KN's price volatile compared to industry and market?
KN volatility
KN Average Weekly Movement	3.7%
Electronic Industry Average Movement	7.7%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

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

Founded	Employees	CEO	Website
1946	7,000	Jeff Niew	https://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 Cap	US$1.71b
Earnings (TTM)	US$155.80m
Revenue (TTM)	US$868.50m

11.0x

P/E Ratio

2.0x

P/S Ratio

Is KN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
KN income statement (TTM)
Revenue	US$868.50m
Cost of Revenue	US$503.70m
Gross Profit	US$364.80m
Other Expenses	US$209.00m
Earnings	US$155.80m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.70
Gross Margin	42.00%
Net Profit Margin	17.94%
Debt/Equity Ratio	4.7%

How did KN perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

11x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: KN ($18.68) is trading above our estimate of fair value ($14.61)

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

Price To Earnings Ratio

PE vs Industry: KN is good value based on its Price-To-Earnings Ratio (11x) compared to the US Electronic industry average (16.4x).

PE vs Market: KN is good value based on its Price-To-Earnings Ratio (11x) compared to the US market (15.1x).

Price to Earnings Growth Ratio

PEG Ratio: KN is poor value based on its PEG Ratio (3.7x)

Price to Book Ratio

PB vs Industry: KN is good value based on its Price-To-Book Ratio (1.2x) compared to the US Electronic industry average (1.9x).

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 (12.3% 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 (7.8% 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

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 34.4%.

Return on Equity

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

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

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?

6.0yrs

Average management tenure

CEO

Jeff Niew (54 yo)

8.67yrs

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 ($USD9.00M) is above average for companies of similar size in the US market ($USD5.43M).

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 years average tenure).

Board Members

Experienced Board: KN's board of directors are considered experienced (7.4 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31