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IEC Electronics

AMEX:IEC
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IEC
AMEX
$67M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

IEC Electronics Corp., together with its subsidiaries, provides electronic manufacturing services in the United States. The last earnings update was 42 days ago. More info.


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IEC Share Price and Events
7 Day Returns
1.4%
AMEX:IEC
1.4%
US Electronic
1.2%
US Market
1 Year Returns
1.9%
AMEX:IEC
0.5%
US Electronic
2.3%
US Market
IEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IEC Electronics (IEC) 1.4% -2.1% -11.3% 1.9% 51.3% 47.2%
US Electronic 1.4% 4.2% -1.2% 0.5% 54.6% 51.7%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • IEC outperformed the Electronic industry which returned 0.5% over the past year.
Price Volatility
IEC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is IEC Electronics 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 IEC Electronics 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

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

AMEX:IEC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
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 AMEX:IEC
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 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.1 (1 + (1- 21%) (51.38%))
1.366
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.366 * 5.96%)
10.87%

Discounted Cash Flow Calculation for AMEX:IEC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for IEC Electronics 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.

AMEX:IEC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.87%)
2019 -0.10 Analyst x1 -0.09
2020 5.40 Analyst x1 4.39
2021 12.50 Analyst x1 9.17
2022 19.55 Est @ 56.39% 12.94
2023 27.42 Est @ 40.29% 16.37
2024 35.38 Est @ 29.02% 19.05
2025 42.86 Est @ 21.13% 20.81
2026 49.55 Est @ 15.61% 21.70
2027 55.37 Est @ 11.75% 21.88
2028 60.38 Est @ 9.04% 21.51
Present value of next 10 years cash flows $147.74
AMEX:IEC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $60.38 × (1 + 2.73%) ÷ (10.87% – 2.73%)
$761.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $761.97 ÷ (1 + 10.87%)10
$271.50
AMEX:IEC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $147.74 + $271.50
$419.24
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $419.24 / 10.31
$40.65
AMEX:IEC Discount to Share Price
Calculation Result
Value per share (USD) From above. $40.65
Current discount Discount to share price of $6.49
= -1 x ($6.49 - $40.65) / $40.65
84%

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

Current Discount
Amount off the current price IEC Electronics is available for.
Intrinsic value
>50%
Share price is $6.49 vs Future cash flow value of $40.65
Current Discount Checks
For IEC Electronics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • IEC Electronics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • IEC Electronics's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 IEC Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IEC Electronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:IEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-29) in USD $1.07
AMEX:IEC Share Price ** AMEX (2019-06-19) in USD $6.49
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 18.17x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

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

** Primary Listing of IEC Electronics.

AMEX:IEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:IEC Share Price ÷ EPS (both in USD)

= 6.49 ÷ 1.07

6.07x

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

  • IEC Electronics is good value based on earnings compared to the US Electronic industry average.
  • IEC Electronics is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does IEC Electronics's expected growth come at a high price?
Raw Data
AMEX:IEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
17.6%per year
United States of America Electronic Industry PEG Ratio Median Figure of 59 Publicly-Listed Electronic Companies 1.26x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

AMEX:IEC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.07x ÷ 17.6%

0.35x

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

  • IEC Electronics is good value based on expected growth next year.
Price based on value of assets
What value do investors place on IEC Electronics's assets?
Raw Data
AMEX:IEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-29) in USD $2.71
AMEX:IEC Share Price * AMEX (2019-06-19) in USD $6.49
United States of America Electronic Industry PB Ratio Median Figure of 140 Publicly-Listed Electronic Companies 1.96x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
AMEX:IEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:IEC Share Price ÷ Book Value per Share (both in USD)

= 6.49 ÷ 2.71

2.4x

* Primary Listing of IEC Electronics.

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

  • IEC Electronics is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess IEC Electronics'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. IEC Electronics has a total score of 5/6, 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.

Future Performance

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

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
17.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IEC Electronics expected to grow at an attractive rate?
  • IEC Electronics's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • IEC Electronics's earnings growth is expected to exceed the United States of America market average.
  • IEC Electronics's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:IEC Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:IEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 17.6%
AMEX:IEC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.2%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
AMEX:IEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:IEC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 189 17 11 1
2020-09-30 179 10 10 2
2019-09-30 152 1 5 2
AMEX:IEC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-29 137 -6 11
2018-12-28 131 -4 12
2018-09-30 117 0 10
2018-06-29 110 -1 2
2018-03-30 107 -2 3
2017-12-29 97 1 0
2017-09-30 96 2 0
2017-06-30 97 2 0
2017-03-31 103 9 0
2016-12-30 115 16 2
2016-09-30 127 15 5
2016-07-01 133 12 5
2016-04-01 133 10 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IEC Electronics's earnings are expected to grow by 17.6% yearly, however this is not considered high growth (20% yearly).
  • IEC Electronics's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
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
AMEX:IEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from IEC Electronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:IEC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 1.00 1.00 1.00 1.00
2020-09-30 0.92 1.13 0.70 2.00
2019-09-30 0.43 0.50 0.36 2.00
AMEX:IEC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-29 1.07
2018-12-28 1.16
2018-09-30 1.01
2018-06-29 0.20
2018-03-30 0.26
2017-12-29 0.04
2017-09-30 0.01
2017-06-30 -0.05
2017-03-31 0.03
2016-12-30 0.23
2016-09-30 0.47
2016-07-01 0.53
2016-04-01 0.41

*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 IEC Electronics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess IEC Electronics'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.
IEC Electronics has a total score of 3/6, 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.

Past Performance

  How has IEC Electronics 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 IEC Electronics'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.
  • IEC Electronics has delivered over 20% year on year earnings growth in the past 5 years.
  • IEC Electronics's 1-year earnings growth exceeds its 5-year average (322% vs 79%)
  • IEC Electronics's earnings growth has exceeded the US Electronic industry average in the past year (322% vs 55.7%).
Earnings and Revenue History
IEC Electronics'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 IEC Electronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:IEC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-29 136.73 10.97 12.41
2018-12-28 131.21 11.86 12.00
2018-09-30 116.92 10.31 11.44
2018-06-29 110.33 2.03 11.03
2018-03-30 107.03 2.62 10.81
2017-12-29 96.64 0.45 10.54
2017-09-30 96.46 0.08 10.20
2017-06-30 97.25 -0.50 11.03
2017-03-31 103.27 0.31 11.89
2016-12-30 115.05 2.38 12.50
2016-09-30 127.01 4.79 14.04
2016-07-01 132.53 5.44 13.20
2016-04-01 132.60 4.21 13.41
2016-01-01 131.10 -1.99 16.47
2015-09-30 127.00 -3.77 15.73
2015-06-26 113.96 -3.15 14.83
2015-03-27 114.38 -3.58 14.34
2014-12-26 117.53 -13.55 11.97
2014-09-30 120.84 -14.65 12.51
2014-06-27 139.06 -24.77 14.59
2014-03-28 141.22 -24.33 14.84
2013-12-27 140.10 -10.76 15.20
2013-09-30 140.95 -9.53 15.45
2013-06-28 138.89 0.72 15.38
2013-03-29 139.76 2.18 15.82
2012-12-28 144.09 5.83 15.28
2012-09-30 144.96 6.69 15.77
2012-06-29 142.84 7.74 16.73

*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.
  • Whilst IEC Electronics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • IEC Electronics used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • IEC Electronics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess IEC Electronics'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.
IEC Electronics 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.

Health

 How is IEC Electronics'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 IEC Electronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IEC Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IEC Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IEC Electronics'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
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 IEC Electronics Company Filings, last reported 2 months ago.

AMEX:IEC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-29 27.93 34.39
2018-12-28 27.06 27.85
2018-09-30 25.38 24.78
2018-06-29 16.12 26.38
2018-03-30 15.74 25.18
2017-12-29 14.03 20.61
2017-09-30 14.43 20.59
2017-06-30 13.68 21.69 0.08
2017-03-31 12.66 20.16 0.51
2016-12-30 13.15 17.72 0.44
2016-09-30 13.86 19.64 0.85
2016-07-01 13.57 21.77 0.60
2016-04-01 11.80 26.94 1.13
2016-01-01 10.23 30.27 0.09
2015-09-30 8.69 31.28 0.41
2015-06-26 8.45 33.02 0.29
2015-03-27 12.43 36.54 0.79
2014-12-26 16.72 30.67 0.35
2014-09-30 17.41 31.39 1.98
2014-06-27 30.66 34.49 0.68
2014-03-28 30.55 35.14 0.65
2013-12-27 31.00 35.10 1.73
2013-09-30 31.99 36.80 2.50
2013-06-28 40.57 33.41 3.10
2013-03-29 39.98 30.73 2.78
2012-12-28 40.89 31.61 2.78
2012-09-30 40.80 27.64 2.66
2012-06-29 39.55 30.52
  • IEC Electronics's level of debt (123.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (115% vs 123.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess IEC Electronics'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. IEC Electronics has a total score of 3/6, 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.

Dividends

 What is IEC Electronics'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
0%
Current annual income from IEC Electronics dividends.
If you bought $2,000 of IEC Electronics shares you are expected to receive $0 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?
  • Unable to evaluate IEC Electronics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IEC Electronics's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
AMEX:IEC 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 2 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
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 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:IEC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30
2020-09-30
2019-09-30

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

  • Unable to perform a dividend volatility check as IEC Electronics has not reported any payouts.
  • Unable to verify if IEC Electronics's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IEC Electronics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IEC Electronics has not reported any payouts.
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 IEC Electronics'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 IEC Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IEC Electronics has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of IEC Electronics'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
Jeff Schlarbaum
COMPENSATION $792,153
AGE 52
TENURE AS CEO 4.3 years
CEO Bio

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 Val-U-Tech Corp. From February 2013 to June 2013 and from June 2014 to February 2015, Mr. Schlarbaum pursued personal interests. He served as the President of IEC Electronics Corp. from October 1, 2010 to February 2013. He served as the President of Contract Manufacturing at IEC Electronics Corp. from October 2008 to October 1, 2010 and served as its Executive Vice President since November 2006 to October 2010. From June 2013 to June 2014, Mr. Schlarbaum served as Chief Operations Officer for LaserMax, Inc. He served an Executive Vice President of Sales and Marketing at IEC Electronics Corp. since November 16, 2006. He served as the Vice President of Sales and Marketing of IEC Electronics Corp. from May 7, 2004 to November 16, 2006. Mr. Schlarbaum has 15 years of sales experience in the contract electronics manufacturing industry. He served as the Vice President of Sales - Eastern Region for Plexus Corporation. Prior to that, he served as the Vice President of Sales - Eastern Region of MCMS. He served as the Business Unit Director of MACK Technologies. He served as Chairman of the Board at IEC Electronics Corp. He has been a Director of Lakeland Industries, Inc. since July 21, 2017. He has been a Director of IEC Electronics Corp. since February 2, 2015. Mr. Schlarbaum holds a Bachelor's of Business Administration degree from National University with a concentration in Marketing, graduating Magna Cum Laude and an MBA from Pepperdine University.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jeff's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the IEC Electronics management team in years:

3.4
Average Tenure
52
Average Age
  • The tenure for the IEC Electronics management team is about average.
Management Team

Jeff Schlarbaum

TITLE
President
COMPENSATION
$792K
AGE
52
TENURE
4.3 yrs

Thomas Barbato

TITLE
CFO & Senior VP
COMPENSATION
$552K
AGE
49
TENURE
0.8 yrs

Cindy Donovan

TITLE
VP & Chief Information Officer
TENURE
2.5 yrs

Audra Gavelis

TITLE
Director of Marketing & Investor Relations

Jennifer Brown

TITLE
VP of Human Resources & Corporate Secretary
AGE
52
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the IEC Electronics board of directors in years:

4.4
Average Tenure
49.5
Average Age
  • The tenure for the IEC Electronics board of directors is about average.
Board of Directors

Jeremy Nowak

TITLE
Chairman
COMPENSATION
$62K
AGE
42
TENURE
4.3 yrs

Jeff Schlarbaum

TITLE
President
COMPENSATION
$792K
AGE
52
TENURE
4.3 yrs

Charles Hadeed

TITLE
Director
COMPENSATION
$78K
AGE
68
TENURE
4.4 yrs

Mike Osborne

TITLE
Director
COMPENSATION
$62K
AGE
47
TENURE
1.8 yrs

Keith Butler

TITLE
Director
COMPENSATION
$62K
AGE
59
TENURE
4.4 yrs

Andrew Laurence

TITLE
Director
COMPENSATION
$62K
AGE
43
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by IEC Electronics insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Jun 19 Buy Keith Butler Individual 05. Jun 19 05. Jun 19 8,000 $6.27 $50,160
03. Jun 19 Buy Charles Hadeed Individual 31. May 19 31. May 19 2,290 $6.00 $13,740
29. May 19 Buy Charles Hadeed Individual 28. May 19 28. May 19 1,251 $6.00 $7,506
16. May 19 Buy Jeremy Nowak Individual 15. May 19 15. May 19 12,500 $6.49 $81,125
16. May 19 Buy Charles Hadeed Individual 15. May 19 15. May 19 459 $6.00 $2,754
13. May 19 Buy Thomas Barbato Individual 10. May 19 10. May 19 7,500 $6.36 $47,700
19. Feb 19 Sell Keith Butler Individual 19. Feb 19 19. Feb 19 -3,000 $8.42 $-25,260
17. Aug 18 Buy Keith Butler Individual 16. Aug 18 16. Aug 18 7,500 $5.38 $40,350
17. Aug 18 Buy Charles Hadeed Individual 16. Aug 18 16. Aug 18 10,000 $5.42 $54,200
10. Aug 18 Buy Lynn Hartrick Individual 09. Aug 18 09. Aug 18 1,000 $5.47 $5,470
X
Management checks
We assess IEC Electronics'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. IEC Electronics 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.

News

Simply Wall St News

I Ran A Stock Scan For Earnings Growth And IEC Electronics (NYSEMKT:IEC) Passed With Ease

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like IEC Electronics (NYSEMKT:IEC). … See our latest analysis for IEC Electronics IEC Electronics's Earnings Per Share Are Growing. … As a growth investor I do like to see insider buying.

Simply Wall St -

Here's What IEC Electronics Corp.'s (NYSEMKT:IEC) P/E Ratio Is Telling Us

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for IEC Electronics: P/E of 5.74 = $6.13 ÷ $1.07 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … And as that P/E ratio drops, the company will look cheap, unless its share price increases. … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.

Simply Wall St -

Should You Be Impressed By IEC Electronics Corp.'s (NYSEMKT:IEC) ROE?

One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.40 in profit. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for IEC Electronics: 40% = US$11m ÷ US$28m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

Is There More To IEC Electronics Corp. (NYSEMKT:IEC) Than Its 10% Returns On Capital?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for IEC Electronics: 0.10 = US$5.7m ÷ (US$97m - US$42m) (Based on the trailing twelve months to December 2018.) So, IEC Electronics has an ROCE of 10%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Could IEC Electronics Corp.'s (NYSEMKT:IEC) Investor Composition Influence The Stock Price?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … IEC Electronics is not a large company by global standards. … institutions are noticeable on the share registry.

Simply Wall St -

Have Insiders Been Buying IEC Electronics Corp. (NYSEMKT:IEC) Shares?

So we'll take a look at whether insiders have been buying or selling shares in IEC Electronics Corp. … In any event it's generally a positive if insiders are buying shares at around the current price. … Over the last year, we can see that insiders have bought 20.50k shares worth US$111k.

Simply Wall St -

Should You Consider IEC Electronics Corp. (NYSEMKT:IEC)?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Has IEC Electronics Corp. (NYSEMKT:IEC) Been Employing Capital Shrewdly?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

IEC Electronics Corp. (NYSEMKT:IEC): Poised For Long-Term Success?

The most recent earnings announcement IEC Electronics Corp.'s (NYSEMKT:IEC) released in September 2018a … indicated

Simply Wall St -

Can IEC Electronics Corp. (NYSEMKT:IEC) Maintain Its Strong Returns?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows IEC Electronics has a return on equity of 41% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

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, product configuration, and verification testing of engineered complex products that require a level of manufacturing. The company manufactures a range of assemblies that are incorporated into various products, such as aerospace and defense systems, medical devices, industrial equipment, and transportation products. It serves medical, industrial, aerospace, and defense sectors through a direct sales force, as well as through a network of manufacturer’s representatives. The company was founded in 1966 and is headquartered in Newark, New York.

Details
Name: IEC Electronics Corp.
IEC
Exchange: AMEX
Founded: 1966
$66,930,409
10,312,852
Website: http://www.iec-electronics.com
Address: IEC Electronics Corp.
105 Norton Street,
Newark,
New York, 14513,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX IEC Common Stock NYSE MKT LLC US USD 12. Feb 1993
Number of employees
Current staff
Staff numbers
798
IEC Electronics employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:39
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/29
Last annual earnings reported: 2018/09/30


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.