AMEX:BKTI

Stock Analysis Report

Executive Summary

BK Technologies Corporation designs, manufactures, and markets wireless communications products in the United States and internationally.


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has BK Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BKTI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.7%

BKTI

-12.5%

US Communications

-10.6%

US Market


1 Year Return

8.1%

BKTI

-21.4%

US Communications

5.2%

US Market

Return vs Industry: BKTI exceeded the US Communications industry which returned 6.7% over the past year.

Return vs Market: BKTI underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

BKTIIndustryMarket
7 Day-0.7%-12.5%-10.6%
30 Day10.1%-13.6%-8.5%
90 Day13.3%-10.7%-4.6%
1 Year10.3%8.1%-19.7%-21.4%7.4%5.2%
3 Year-2.1%-12.5%14.9%7.5%31.7%23.2%
5 Year53.1%36.9%40.6%24.6%56.4%39.3%

Price Volatility Vs. Market

How volatile is BK Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

1.98x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BKTI ($4.27) is trading above our estimate of fair value ($1.72)

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


Price To Earnings Ratio

PE vs Industry: BKTI is unprofitable, so we can't compare its PE Ratio to the Communications industry average.

PE vs Market: BKTI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BKTI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BKTI is overvalued based on its PB Ratio (2x) compared to the US Communications industry average (1.9x).


Next Steps

Future Growth

How is BK Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

31.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKTI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

Earnings vs Market: BKTI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BKTI's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if BKTI's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if BKTI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has BK Technologies performed over the past 5 years?

-46.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKTI is currently unprofitable.

Growing Profit Margin: BKTI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BKTI is unprofitable, and losses have increased over the past 5 years at a rate of -46.7% per year.

Accelerating Growth: Unable to compare BKTI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BKTI is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (12.6%).


Return on Equity

High ROE: BKTI has a negative Return on Equity (-0.7%), as it is currently unprofitable.


Next Steps

Financial Health

How is BK Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: BKTI's short term assets ($30.9M) exceed its short term liabilities ($9.9M).

Long Term Liabilities: BKTI's short term assets ($30.9M) exceed its long term liabilities ($1.6M).


Debt to Equity History and Analysis

Debt Level: BKTI is debt free.

Reducing Debt: BKTI had no debt 5 years ago.


Balance Sheet

Inventory Level: BKTI has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BKTI's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BKTI has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: BKTI has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

1.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BKTI's dividend (1.87%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: BKTI's dividend (1.87%) is low compared to the top 25% of dividend payers in the US market (3.66%).


Stability and Growth of Payments

Stable Dividend: BKTI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BKTI has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: BKTI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

BK Technologies has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Vitou
President2.2yrsUS$448.93kno data
William Kelly
Executive VP21.7yrsUS$367.01kno data
Henry Willis
Chief Operating Officer1.6yrsUS$338.24kno data
James Holthaus
Chief Technology Officer1.6yrsUS$348.29kno data
James Gilley
Chief Scientist1.6yrsUS$204.35kno data

1.6yrs

Average Tenure

59yo

Average Age

Experienced Management: BKTI's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Daniel Cerminara
Chairman of the Board0.8yrsUS$130.75kno data
Charles Lanktree
Independent Director2yrsUS$83.00kno data
E. Payne
Independent Director2.2yrsUS$94.25kno data
Lewis Johnson
Co-Chairman0.8yrsUS$127.00kno data
Ryan R. Turner
Independent Director2yrsUS$83.00kno data
John Struble
Independent Director2yrsUS$90.00kno data
Michael Dill
Independent Director2yrsUS$86.00kno data

2.0yrs

Average Tenure

48yo

Average Age

Experienced Board: BKTI's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

BK Technologies Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BK Technologies Corporation
  • Ticker: BKTI
  • Exchange: AMEX
  • Founded: 1947
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$54.461m
  • Shares outstanding: 12.75m
  • Website: https://www.bktechnologies.com

Number of Employees


Location

  • BK Technologies Corporation
  • 7100 Technology Drive
  • West Melbourne
  • Florida
  • 32904
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKTIAMEX (NYSE MKT LLC)YesCommon StockUSUSDOct 1978

Biography

BK Technologies, Inc. designs, manufactures, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios, repeaters, base stations, and related components and subsystems under BK Technologies, BK Radio, and RELM brand names. Its BK Technologies and BK Radio branded products include land-mobile radio equipment for professional radio users primarily in government, public safety, and military applications, as well as P-25 digital products; and RELM branded products provide two-way communications for commercial and industrial concerns, such as hotels, construction firms, schools, and transportation services. The company was formerly known as RELM Wireless Corporation and changed its name to BK Technologies, Inc. in June 2018. BK Technologies, Inc. was founded in 1957 and is headquartered in West Melbourne, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/03/30 23:43
End of Day Share Price2019/03/28 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.