AMEX:IEC

Stock Analysis Report

Executive Summary

IEC Electronics Corp., together with its subsidiaries, provides electronic manufacturing services in the United States.

Snowflake

Fundamentals

Undervalued with solid track record.


Similar Companies

Share Price & News

How has IEC Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.5%

IEC

4.0%

US Electronic

2.3%

US Market


1 Year Return

26.3%

IEC

9.8%

US Electronic

5.6%

US Market

Return vs Industry: IEC exceeded the US Electronic industry which returned 9.8% over the past year.

Return vs Market: IEC exceeded the US Market which returned 5.6% over the past year.


Shareholder returns

IECIndustryMarket
7 Day-3.5%4.0%2.3%
30 Day-3.1%-0.4%-1.0%
90 Day15.1%3.3%-0.7%
1 Year26.3%26.3%10.9%9.8%7.9%5.6%
3 Year74.7%74.7%53.3%49.1%45.6%36.3%
5 Year37.3%37.3%90.9%81.7%65.8%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: IEC ($6.62) is trading below our estimate of fair value ($30.28)

Significantly Undervalued: IEC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IEC is good value based on its PE Ratio (5.7x) compared to the Electronic industry average (19x).

PE vs Market: IEC is good value based on its PE Ratio (5.7x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: IEC is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: IEC is overvalued based on its PB Ratio (2.3x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is IEC Electronics forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

19.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IEC's forecast earnings growth (19.6% per year) is above the savings rate (2.7%).

Earnings vs Market: IEC's earnings (19.6% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: IEC's revenue (11.8% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: IEC's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has IEC Electronics performed over the past 5 years?

77.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IEC has become profitable over the past 5 years, growing earnings by 77.1% per year.

Accelerating Growth: IEC's earnings growth over the past year (487.2%) exceeds its 5-year average (77.1% per year).

Earnings vs Industry: IEC earnings growth over the past year (487.2%) exceeded the Electronic industry 58.6%.


Return on Equity

High ROE: IEC's Return on Equity (41.3%) is considered outstanding.


Return on Assets

ROA vs Industry: IEC has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: IEC's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is IEC Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: IEC's short term assets ($80.7M) exceeds its short term liabilities ($44.7M)

Long Term Liabilities: IEC's short term assets (80.7M) exceeds its long term liabilities (35.0M)


Debt to Equity History and Analysis

Debt Level: IEC's debt to equity ratio (95.6%) is considered high

Reducing Debt: IEC's debt to equity ratio has reduced from 113.3% to 95.6% over the past 5 years.

Debt Coverage: IEC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: IEC's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: IEC's debt is covered by short term assets (assets are 2.882820x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate IEC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if IEC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IEC'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 IEC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Jeff Schlarbaum (53yo)

4.7yrs

Tenure

US$792,153

Compensation

Mr. Jeffrey T. Schlarbaum, also known as Jeff, has been the Chief Executive Officer and President of IEC Electronics Corp. since February 6, 2015. Mr. Schlarbaum serves as an Executive Vice President of Va ...


CEO Compensation Analysis

Compensation vs. Market: Jeff's total compensation ($USD792.15K) is about average for companies of similar size in the US market ($USD493.00K).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.7yrs

Average Tenure

53yo

Average Age

Experienced Management: IEC's management team is considered experienced (4.7 years average tenure).


Board Age and Tenure

4.7yrs

Average Tenure

50.5yo

Average Age

Experienced Board: IEC's board of directors are considered experienced (4.7 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$50,16006 Jun 19
Keith Butler
EntityIndividual
Role
Member of the Board of Directors
Director
Shares8,000
Max PriceUS$6.27
BuyUS$13,74003 Jun 19
Charles Hadeed
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,290
Max PriceUS$6.00
BuyUS$7,50629 May 19
Charles Hadeed
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,251
Max PriceUS$6.00
BuyUS$81,12516 May 19
Jeremy Nowak
EntityIndividual
Role
Chairman of the Board
Chairman
Shares12,500
Max PriceUS$6.49
BuyUS$2,75416 May 19
Charles Hadeed
EntityIndividual
Role
Member of the Board of Directors
Director
Shares459
Max PriceUS$6.00
BuyUS$47,70013 May 19
Thomas Barbato
EntityIndividual
Role
Chief Financial Officer
CFO & Senior VP
Shares7,500
Max PriceUS$6.36
SellUS$25,26019 Feb 19
Keith Butler
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$8.42

Ownership Breakdown


Management Team

  • Jeff Schlarbaum (53yo)

    President

    • Tenure: 4.7yrs
    • Compensation: US$792.15k
  • Jennifer Brown (53yo)

    VP of Human Resources & Corporate Secretary

    • Tenure: 4.7yrs
  • Audra Gavelis

    Director of Marketing & Investor Relations

    • Tenure: 0yrs
  • Thomas Barbato (50yo)

    CFO & Senior VP

    • Tenure: 1.1yrs
    • Compensation: US$552.39k

Board Members

  • Andrew Laurence (44yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$62.05k
  • Charles Hadeed (69yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$78.05k
  • Jeff Schlarbaum (53yo)

    President

    • Tenure: 4.7yrs
    • Compensation: US$792.15k
  • Jeremy Nowak (43yo)

    Chairman

    • Tenure: 4.7yrs
    • Compensation: US$62.05k
  • Keith Butler (60yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$62.05k
  • Mike Osborne (48yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: US$62.02k

Company Information

IEC Electronics Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IEC Electronics Corp.
  • Ticker: IEC
  • Exchange: AMEX
  • Founded: 1966
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: US$68.415m
  • Shares outstanding: 10.33m
  • Website: https://www.iec-electronics.com

Number of Employees


Location

  • IEC Electronics Corp.
  • 105 Norton Street
  • Newark
  • New York
  • 14513
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IECAMEX (NYSE MKT LLC)YesCommon StockUSUSDFeb 1993

Biography

IEC Electronics Corp., together with its subsidiaries, provides electronic manufacturing services in the United States. It specializes in delivering technical solutions for the custom manufacturing, produc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:36
End of Day Share Price2019/10/16 00:00
Earnings2019/06/28
Annual Earnings2018/09/30


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.