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Park Electrochemical

NYSE:PKE
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PKE
NYSE
$340M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Park Electrochemical Corp., through its subsidiaries, develops, manufactures, markets, and sells high-technology digital and radio frequency/microwave printed circuit material products primarily for the telecommunications and Internet infrastructure, enterprise, and military/aerospace markets. The last earnings update was 72 days ago. More info.


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  • Park Electrochemical has significant price volatility in the past 3 months.
PKE Share Price and Events
7 Day Returns
0.1%
NYSE:PKE
3%
US Electronic
2.9%
US Market
1 Year Returns
-6.3%
NYSE:PKE
-1%
US Electronic
1.4%
US Market
PKE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Park Electrochemical (PKE) 0.1% -4.7% -5.3% -6.3% 9% -43.5%
US Electronic 3% 2.3% 17.7% -1% 59.1% 59.1%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • PKE underperformed the Electronic industry which returned -1% over the past year.
  • PKE underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
PKE
Industry
5yr Volatility vs Market

PKE Value

 Is Park Electrochemical undervalued based on future cash flows and its price relative to the stock market?

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 Park Electrochemical 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.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Park Electrochemical.

NYSE:PKE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:PKE
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%) (0%))
1.048
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.048 * 5.96%)
8.97%

Discounted Cash Flow Calculation for NYSE:PKE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Park Electrochemical 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.

NYSE:PKE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.97%)
2019 6.41 Est @ -26.29% 5.88
2020 5.28 Est @ -17.59% 4.45
2021 4.67 Est @ -11.49% 3.61
2022 4.34 Est @ -7.23% 3.07
2023 4.15 Est @ -4.24% 2.70
2024 4.06 Est @ -2.15% 2.43
2025 4.04 Est @ -0.68% 2.21
2026 4.05 Est @ 0.34% 2.04
2027 4.09 Est @ 1.06% 1.89
2028 4.16 Est @ 1.56% 1.76
Present value of next 10 years cash flows $30.04
NYSE:PKE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $4.16 × (1 + 2.73%) ÷ (8.97% – 2.73%)
$68.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $68.37 ÷ (1 + 8.97%)10
$28.95
NYSE:PKE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $30.04 + $28.95
$58.98
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $58.98 / 20.28
$2.91
NYSE:PKE Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.91
Current discount Discount to share price of $16.78
= -1 x ($16.78 - $2.91) / $2.91
-476.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Park Electrochemical is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Park Electrochemical's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Park Electrochemical's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:PKE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-25) in USD $1.19
NYSE:PKE Share Price ** NYSE (2019-03-15) in USD $16.78
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.59x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Park Electrochemical.

NYSE:PKE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PKE Share Price ÷ EPS (both in USD)

= 16.78 ÷ 1.19

14.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Park Electrochemical is good value based on earnings compared to the US Electronic industry average.
  • Park Electrochemical is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Park Electrochemical's expected growth come at a high price?
Raw Data
NYSE:PKE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-0.9%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.38x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Park Electrochemical, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Park Electrochemical's assets?
Raw Data
NYSE:PKE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-25) in USD $6.91
NYSE:PKE Share Price * NYSE (2019-03-15) in USD $16.78
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NYSE:PKE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PKE Share Price ÷ Book Value per Share (both in USD)

= 16.78 ÷ 6.91

2.43x

* Primary Listing of Park Electrochemical.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Park Electrochemical is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Park Electrochemical's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Park Electrochemical has a total score of 2/6, 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.

PKE Future Performance

 How is Park Electrochemical expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Park Electrochemical, future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
-0.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Park Electrochemical expected to grow at an attractive rate?
  • Park Electrochemical's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Park Electrochemical's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Park Electrochemical's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:PKE Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:PKE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -0.9%
NYSE:PKE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -40.7%
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
Raw Data
NYSE:PKE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:PKE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-02-29 61 1
2019-02-28 71 1
NYSE:PKE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-25 115 9 24
2018-08-26 113 5 22
2018-05-27 113 1 21
2018-02-25 111 3 21
2017-11-26 58 7 4
2017-08-27 74 6 5
2017-05-28 92 7 6
2017-02-26 115 13 9
2016-11-27 123 18 11
2016-08-28 131 21 14
2016-05-29 140 28 16
2016-02-28 146 14 18
2015-11-29 146 15 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Park Electrochemical's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Park Electrochemical's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:PKE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Park Electrochemical Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PKE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-02-29
2019-02-28
NYSE:PKE Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-25 1.19
2018-08-26 1.10
2018-05-27 1.05
2018-02-25 1.02
2017-11-26 0.19
2017-08-27 0.26
2017-05-28 0.32
2017-02-26 0.46
2016-11-27 0.56
2016-08-28 0.67
2016-05-29 0.80
2016-02-28 0.89
2015-11-29 0.89

*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.
  • Unable to establish if Park Electrochemical will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Park Electrochemical's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Park Electrochemical has a total score of 0/6, 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.

PKE Past Performance

  How has Park Electrochemical 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
Below we compare Park Electrochemical's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Park Electrochemical has delivered over 20% year on year earnings growth in the past 5 years.
  • Park Electrochemical's 1-year earnings growth exceeds its 5-year average (537.8% vs 42%)
  • Park Electrochemical's earnings growth has exceeded the US Electronic industry average in the past year (537.8% vs 48.8%).
Earnings and Revenue History
Park Electrochemical's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Park Electrochemical Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PKE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-25 115.34 24.04 18.38
2018-08-26 112.72 22.30 18.91
2018-05-27 112.86 21.34 19.03
2018-02-25 111.20 20.60 19.37
2017-11-26 57.91 3.75 11.88
2017-08-27 74.14 5.28 13.97
2017-05-28 91.85 6.41 16.84
2017-02-26 114.61 9.28 19.74
2016-11-27 122.77 11.38 20.19
2016-08-28 130.63 13.61 20.85
2016-05-29 139.52 16.20 20.75
2016-02-28 145.86 18.03 21.21
2015-11-29 146.34 18.30 21.85
2015-08-30 146.70 16.22 22.34
2015-05-31 151.10 16.60 23.58
2015-03-01 162.09 20.04 24.37
2014-11-30 164.00 -44.82 25.07
2014-08-31 169.00 -42.13 25.42
2014-06-01 171.14 -39.04 25.21
2014-03-02 165.76 -42.33 25.17
2013-12-01 170.29 21.77 25.29
2013-09-01 171.88 21.76 25.55
2013-06-02 173.81 16.96 26.10
2013-03-03 176.42 16.96 26.60
2012-11-25 177.42 16.04 26.82
2012-08-26 183.46 16.71 27.44
2012-05-27 187.48 21.13 27.75

*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.
  • Park Electrochemical has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Park Electrochemical used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Park Electrochemical's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Park Electrochemical's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Park Electrochemical has a total score of 4/6, 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.

PKE Health

 How is Park Electrochemical'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 Park Electrochemical's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Park Electrochemical is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Park Electrochemical's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Park Electrochemical's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Park Electrochemical has no debt, it does not need to be covered by short term assets.
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.
Raw Data

All data from Park Electrochemical Company Filings, last reported 3 months ago.

NYSE:PKE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-25 140.11 0.00 112.39
2018-08-26 138.20 0.00 108.31
2018-05-27 136.62 0.00 106.05
2018-02-25 135.26 0.00 108.23
2017-11-26 179.19 69.25 231.83
2017-08-27 181.11 70.25 233.06
2017-05-28 182.25 71.25 237.80
2017-02-26 182.83 72.00 238.59
2016-11-27 182.16 72.75 238.82
2016-08-28 182.38 73.50 239.71
2016-05-29 182.06 74.25 242.40
2016-02-28 180.87 75.00 237.43
2015-11-29 178.12 86.50 229.64
2015-08-30 175.83 89.00 229.46
2015-05-31 175.42 91.50 229.02
2015-03-01 181.60 94.00 272.13
2014-11-30 211.80 104.00 285.31
2014-08-31 211.66 104.00 285.19
2014-06-01 206.98 104.00 277.24
2014-03-02 200.54 104.00 270.36
2013-12-01 313.54 52.00 291.26
2013-09-01 309.73 52.00 284.12
2013-06-02 303.43 52.00 279.32
2013-03-03 299.92 52.00 275.22
2012-11-25 349.46 0.00 273.51
2012-08-26 346.49 0.00 269.62
2012-05-27 346.59 0.00 268.44
  • Park Electrochemical has no debt.
  • Park Electrochemical has no debt compared to 5 years ago when it was 16.6%.
  • Park Electrochemical has no debt, it does not need to be covered by operating cash flow.
  • Park Electrochemical has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Park Electrochemical's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Park Electrochemical has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

PKE Dividends

 What is Park Electrochemical'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
Dividend payments
2.38%
Current annual income from Park Electrochemical dividends.
If you bought $2,000 of Park Electrochemical shares you are expected to receive $48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Park Electrochemical's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Park Electrochemical's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment

Purchase Park Electrochemical on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
NYSE:PKE Annualized Past and Future Dividends
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 1 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 2005 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.

NYSE:PKE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-02-29
2019-02-28
NYSE:PKE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.400 2.390
2018-12-12 0.400 2.123
2018-09-12 0.400 2.168
2018-06-12 0.400 1.818
2018-03-14 0.400 2.172
2017-12-19 0.400 2.151
2017-09-13 0.400 2.119
2017-06-14 0.400 2.202
2017-03-15 0.400 2.302
2016-12-14 0.400 2.141
2016-09-14 0.400 2.415
2016-06-20 0.400 2.490
2016-03-15 0.400 2.543
2015-09-16 1.900 11.953
2015-06-16 1.900 10.447
2015-03-17 1.900 8.825
2014-12-15 1.900 8.533
2014-09-16 2.900 11.909
2014-06-19 2.900 10.208
2014-03-14 2.900 10.494
2013-12-17 2.900 10.189
2013-09-17 0.400 1.408
2013-06-18 0.400 1.501
2013-03-18 0.400 1.654
2012-12-18 0.400 1.552
2012-09-14 0.400 1.632
2012-06-15 0.400 1.521
2012-03-15 0.400 1.505
2011-12-15 0.400 1.404
2011-09-15 0.400 1.574
2011-06-15 0.400 1.559
2011-03-14 0.400 1.326
2010-12-06 0.400 1.292
2010-09-16 0.400 1.461
2010-06-16 0.400 1.565
2010-03-16 0.400 1.453
2009-12-15 0.400 1.485
2009-07-22 0.400 1.703
2009-06-12 0.320 1.543
2009-03-18 0.320 1.646

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Park Electrochemical's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Park Electrochemical's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Park Electrochemical afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Park Electrochemical has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PKE Management

 What is the CEO of Park Electrochemical's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Shore
COMPENSATION $357,760
AGE 66
TENURE AS CEO 22.3 years
CEO Bio

Mr. Brian E. Shore has been Director at Park Electrochemical Corp. since 1983, Chief Executive Officer since 1996 and Chairman of the Board since July 2004. Mr. Shore was also President of Park Electrochemical Corp. since March 4, 1996 until July 29, 2014. He served as a Vice President of Park Electrochemical Corp. since January 1993, Executive Vice President since May 1994 and its General Counsel since April 1988 until April 1994.

CEO Compensation
  • Brian's compensation has been consistent with company performance over the past year.
  • Brian's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Park Electrochemical management team in years:

5.7
Average Tenure
48
Average Age
  • The average tenure for the Park Electrochemical management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Brian Shore

TITLE
Chairman & CEO
COMPENSATION
$358K
AGE
66
TENURE
22.3 yrs

P. Farabaugh

TITLE
Senior VP
COMPENSATION
$200K
AGE
57
TENURE
6.9 yrs

Stephen Gilhuley

TITLE
Executive VP of Administration & Secretary
COMPENSATION
$233K
AGE
73
TENURE
6.9 yrs

Gus Petropoulos

TITLE
VP & General Counsel
COMPENSATION
$308K
AGE
40
TENURE
4.5 yrs

Mark Esquivel

TITLE
Chief Operating Officer
AGE
45
TENURE
0.3 yrs

Ben Shore

TITLE
Senior Vice President of Sales
AGE
30
TENURE
0.3 yrs

Frank Alberto

TITLE
President of Nelco Products Pte. Ltd
TENURE
2.2 yrs

John Jamieson

TITLE
Vice President of Aerospace Supply Chain Management and President of Neltec Inc Business Unit
TENURE
1.8 yrs

Tony DiGaudio

TITLE
Vice President of Marketing Technology
COMPENSATION
$216K
AGE
48
TENURE
9.5 yrs

Steve Pittari

TITLE
Vice President of Research & Development and Vice President of Program Management for Aerospace
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the Park Electrochemical board of directors in years:

8.8
Average Tenure
70
Average Age
  • The tenure for the Park Electrochemical board of directors is about average.
Board of Directors

Brian Shore

TITLE
Chairman & CEO
COMPENSATION
$358K
AGE
66
TENURE
14.7 yrs

Dale Blanchfield

TITLE
Lead Independent Director
COMPENSATION
$33K
AGE
80
TENURE
6.4 yrs

Steven Warshaw

TITLE
Independent Director
COMPENSATION
$28K
AGE
69
TENURE
15.2 yrs

Emily Groehl

TITLE
Independent Director
COMPENSATION
$22K
AGE
71
TENURE
8.8 yrs

Carl Smith

TITLE
Independent Director
COMPENSATION
$26K
AGE
70
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
24. Jan 19 Sell GAMCO Investors, Inc. Company 11. Dec 18 23. Jan 19 -298,300 $22.71 $-6,602,294
X
Management checks
We assess Park Electrochemical's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Park Electrochemical 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.

PKE News

Simply Wall St News

Is Park Electrochemical Corp.'s (NYSE:PKE) CEO Salary Justified?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Brian Shore's Compensation Compare With Similar Sized Companies. … is worth US$353m, and total annual CEO compensation is US$358k.

Simply Wall St -

How Does Investing In Park Electrochemical Corp. (NYSE:PKE) Impact The Volatility Of Your Portfolio?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Park Electrochemical Corp. (NYSE:PKE): 4 Days To Buy Before The Ex-Dividend Date

(NYSE:PKE) will be paying shareholders an upcoming dividend amount of US$4.25 per share. … 5 checks you should use to assess a dividend stock? … If you are a dividend investor, you should always assess these five key metrics:?

Simply Wall St -

A Closer Look At Park Electrochemical Corp.'s (NYSE:PKE) Impressive ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Park Electrochemical Corp. … That means that for every $1 worth of shareholders' equity, it generated $0.17 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do You Know What Park Electrochemical Corp.'s (NYSE:PKE) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Park Electrochemical Corp.'s (NYSE:PKE) P/E ratio and reflect on what it tells us about the company's share price. … Park Electrochemical has a price to earnings ratio of 16.08, based on the last twelve months.

Simply Wall St -

Is Park Electrochemical Corp's (NYSE:PKE) CEO Paid At A Competitive Rate?

Brian Shore became the CEO of Park Electrochemical Corp (NYSE:PKE) in 1996. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Park Electrochemical Corp has a market capitalization of US$361m, and pays its CEO total annual compensation worth US$358k.

Simply Wall St -

Park Electrochemical Corp (NYSE:PKE)'s Return on Capital

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. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … To understand Park Electrochemical’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Should Park Electrochemical Corp (NYSE:PKE) Be Part Of Your Portfolio?

Historically, Park Electrochemical Corp (NYSE:PKE) has been paying a dividend to shareholders. … Does Park Electrochemical tick all the boxes of a great dividend stock? … Check out our latest analysis for Park Electrochemical

Simply Wall St -

What Does Park Electrochemical Corp's (NYSE:PKE) PE Ratio Tell You?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … Park Electrochemical Corp (NYSE:PKE) is currently trading at a trailing P/E of 19.2, which is lower than the industry average of 27.3.

Simply Wall St -

Is Park Electrochemical Corp's (NYSE:PKE) CEO Pay Justified?

Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

PKE Company Info

Description

Park Electrochemical Corp., through its subsidiaries, develops, manufactures, markets, and sells high-technology digital and radio frequency/microwave printed circuit material products primarily for the telecommunications and Internet infrastructure, enterprise, and military/aerospace markets. It also designs, develops, and manufactures advanced composite materials, primary and secondary structures and assemblies, and low-volume tooling products for the aerospace markets. The company’s advanced electronics materials are used to fabricate complex multilayer printed circuit boards and other electronic interconnect systems, including backplanes, high speed/low loss multilayers, and high density interconnects. It markets and sells its electronics materials to independent printed circuit board fabricators, electronic manufacturing service companies, and electronic contract manufacturers, as well as electronic original equipment manufacturers in the computer, networking, telecommunications, wireless communications, aerospace, military, instrumentation, and automotive industries. The company has operations in North America, Europe, and Asia. Park Electrochemical Corp. was founded in 1954 and is headquartered in Melville, New York.

Details
Name: Park Electrochemical Corp.
PKE
Exchange: NYSE
Founded: 1954
$340,288,466
20,279,408
Website: http://parkelectro.com
Address: Park Electrochemical Corp.
48 South Service Road,
Suite 300,
Melville,
New York, 11747,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PKE Common Stock New York Stock Exchange US USD 02. Jan 1968
DB PKE Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
387
Park Electrochemical employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 23:40
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/01/04
Last earnings filing: 2019/01/04
Last earnings reported: 2018/11/25
Last annual earnings reported: 2018/02/25


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.