Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medtech, defense, automotive, and industrial markets worldwide.
Flawless balance sheet and good value.
Share Price & News
How has Knowles's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: KN exceeded the US Electronic industry which returned 2% over the past year.
Return vs Market: KN underperformed the US Market which returned 14% over the past year.
Price Volatility Vs. Market
How volatile is Knowles's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StKnowles Corporation Just Missed EPS By 14%: Here's What Analysts Think Will Happen Next
3 weeks ago | Simply Wall StHere's Why Knowles (NYSE:KN) Can Manage Its Debt Responsibly
1 month ago | Simply Wall StDoes Knowles Corporation (NYSE:KN) Have A Volatile Share Price?
Is Knowles undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KN ($16.88) is trading below our estimate of fair value ($63.15)
Significantly Below Fair Value: KN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KN is poor value based on its PE Ratio (31x) compared to the Electronic industry average (18.7x).
PE vs Market: KN is poor value based on its PE Ratio (31x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: KN is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: KN is good value based on its PB Ratio (1.2x) compared to the US Electronic industry average (1.9x).
How is Knowles forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KN's forecast earnings growth (33.7% per year) is above the savings rate (1.7%).
Earnings vs Market: KN's earnings (33.7% per year) are forecast to grow faster than the US market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KN's revenue (4.7% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: KN's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KN's Return on Equity is forecast to be low in 3 years time (9.4%).
How has Knowles performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KN has high quality earnings.
Growing Profit Margin: KN's current net profit margins (5.8%) are lower than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: KN's earnings have grown significantly by 35.6% per year over the past 5 years.
Accelerating Growth: KN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KN had negative earnings growth (-24.2%) over the past year, making it difficult to compare to the Electronic industry average (12%).
Return on Equity
High ROE: KN's Return on Equity (3.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Knowles's financial position?
Financial Position Analysis
Short Term Liabilities: KN's short term assets ($388.4M) exceed its short term liabilities ($151.5M).
Long Term Liabilities: KN's short term assets ($388.4M) exceed its long term liabilities ($214.6M).
Debt to Equity History and Analysis
Debt Level: KN's debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: KN's debt to equity ratio has reduced from 32.4% to 12.2% over the past 5 years.
Debt Coverage: KN's debt is well covered by operating cash flow (79%).
Interest Coverage: KN's interest payments on its debt are well covered by EBIT (6.2x coverage).
Inventory Level: KN has a high level of physical assets or inventory.
Debt Coverage by Assets: KN's debt is covered by short term assets (assets are 2.5x debt).
What is Knowles's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate KN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate KN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Niew (52yo)
Mr. Jeffrey S. Niew, also known as Jeff, has been the Chief Executive Officer and President of Knowles Corporation since September 2013. Mr. Niew served as the President and Chief Executive Officer at Dove ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD4.96M) is about average for companies of similar size in the US market ($USD3.87M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
|Senior VP||6.2yrs||US$1.75m||0.066% $1.0m|
|Senior VP & COO||6yrs||US$1.43m||0.037% $568.3k|
|President of Performance Audio||0yrs||US$1.64m||0.034% $523.9k|
|President of Intelligent Audio||2.9yrs||US$1.67m||0.11% $1.7m|
|Senior VP of Human Resources & Chief Administration Officer||6yrs||US$1.15m||0.054% $842.6k|
|Vice President of Investor Relations||0yrs||no data||no data|
|Senior VP||0yrs||no data||0.011% $169.8k|
|Senior Vice President of Corporate Development||3.6yrs||no data||no data|
|Senior Vice President of Global Sales||3.1yrs||no data||no data|
Experienced Management: KN's management team is seasoned and experienced (6 years average tenure).
|Independent Chairman of the Board||1.8yrs||US$335.01k||0.037% $579.9k|
|Independent Director||6yrs||US$247.51k||0.033% $510.4k|
|Independent Director||6yrs||US$247.51k||0.014% $219.5k|
|Independent Director||6yrs||US$235.01k||0.075% $1.2m|
|Independent Director||2.5yrs||US$235.01k||0.026% $399.7k|
|Independent Director||5.2yrs||US$250.01k||0.073% $1.1m|
|Independent Director||4.6yrs||US$235.01k||0.024% $371.5k|
|Independent Director||2yrs||US$382.01k||0.015% $227.1k|
Experienced Board: KN's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Knowles Corporation's company bio, employee growth, exchange listings and data sources
- Name: Knowles Corporation
- Ticker: KN
- Exchange: NYSE
- Founded: 1946
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$1.548b
- Shares outstanding: 91.71m
- Website: https://www.knowles.com
Number of Employees
- Knowles Corporation
- 1151 Maplewood Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KN||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Feb 2014|
|1K3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Feb 2014|
|0JRJ||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Feb 2014|
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medtech, defense, automotive, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets. The PD segment designs and delivers capacitor products and radio frequency solutions that are used in applications, such as power supplies and medical implants, satellite communication, and radar systems, as well as our telecommunications infrastructure customers. The company also provides single layer electronic components to the telecommunication, fiber optics, and defense markets. It sells its products directly to original equipment manufacturers and to their contract manufacturers and suppliers, as well as through distributors. The company was founded in 1946 and is headquartered in Itasca, Illinois.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 01:43|
|End of Day Share Price||2020/02/24 00:00|
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.