Kudelski SA develops and delivers a range of secure content protection solutions to address the needs of the digital television ecosystem in Internet, satellite, cable, terrestrial, and hybrid end-to-end transmission systems worldwide.
Moderate growth potential and slightly overvalued.
Share Price & News
How has Kudelski's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KDCX.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how KDCX.F performed against the US Electronic industry.
Return vs Market: Insufficient data to determine how KDCX.F performed against the US Market.
Price Volatility Vs. Market
How volatile is Kudelski's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Kudelski undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KDCX.F ($5.3) is trading below our estimate of fair value ($5.33)
Significantly Below Fair Value: KDCX.F is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KDCX.F is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: KDCX.F 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 KDCX.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KDCX.F is good value based on its PB Ratio (0.7x) compared to the US Electronic industry average (1.9x).
How is Kudelski forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KDCX.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: KDCX.F is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: KDCX.F's is expected to become profitable in the next 3 years.
Revenue vs Market: KDCX.F's revenue (1.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: KDCX.F's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KDCX.F's Return on Equity is forecast to be low in 3 years time (5.4%).
How has Kudelski performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KDCX.F is currently unprofitable.
Growing Profit Margin: KDCX.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KDCX.F is unprofitable, and losses have increased over the past 5 years at a rate of -43% per year.
Accelerating Growth: Unable to compare KDCX.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KDCX.F is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (14.6%).
Return on Equity
High ROE: KDCX.F has a negative Return on Equity (-1.97%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Kudelski's financial position?
Financial Position Analysis
Short Term Liabilities: KDCX.F's short term assets ($510.1M) exceed its short term liabilities ($309.3M).
Long Term Liabilities: KDCX.F's short term assets ($510.1M) exceed its long term liabilities ($506.1M).
Debt to Equity History and Analysis
Debt Level: KDCX.F's debt to equity ratio (113.1%) is considered high.
Reducing Debt: KDCX.F's debt to equity ratio has increased from 87.6% to 113.1% over the past 5 years.
Inventory Level: KDCX.F has a low level of unsold assets or inventory.
Debt Coverage by Assets: KDCX.F's debt is covered by short term assets (assets are 1.1x debt).
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: KDCX.F has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: KDCX.F has been profitable on average in the past, therefore cash runway is not a concern.
What is Kudelski's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: KDCX.F's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: KDCX.F's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: KDCX.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: KDCX.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: KDCX.F 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
André Kudelski (59yo)
Mr. André Kudelski serves as Member of Supervisory Board at Publicis Groupe S.A. since May 25, 2016. Mr. Kudelski began his career in 1984 within the Kudelski SA company as an R&D engineer. In 1989, he bec ...
CEO Compensation Analysis
Compensation vs Market: André's total compensation ($USD3.90M) is above average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: André's compensation has been consistent with company performance over the past year.
|CFO, Executive VP & Member of Executive Board||17yrs||no data||0.20% $577.7k|
|COO of Digital TV||2.1yrs||no data||0.020% $57.3k|
|Chief Marketing & Sales Officer||1.1yrs||no data||no data|
|Chief Information Officer||4.3yrs||no data||no data|
|VP & Head of Investor Relations||0yrs||no data||no data|
|General Counsel & Corporate Secretary||8.8yrs||no data||no data|
|Senior Manager of Media relations||0yrs||no data||no data|
|Head of Group Human Resources & Senior VP||0yrs||no data||no data|
|Executive VP & CEO of Nagra Public Access||17.1yrs||no data||no data|
Experienced Management: KDCX.F's management team is seasoned and experienced (8.8 years average tenure).
|Non Executive Director||15.8yrs||US$125.64k||0.0037% $10.6k|
|Non-Executive Director||25.1yrs||US$41.81k||1.29% $3.7m|
|Vice-Chairman & Lead Director||17.8yrs||US$136.19k||0.0024% $6.9k|
|Non Executive Director||28.1yrs||US$175.21k||0.0018% $5.3k|
|Non-Executive Director||13.8yrs||US$53.35k||no data|
|Non-Executive Director||5.8yrs||US$53.35k||0.0023% $6.6k|
Experienced Board: KDCX.F's board of directors are seasoned and experienced ( 17.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kudelski SA's company bio, employee growth, exchange listings and data sources
- Name: Kudelski SA
- Ticker: KDCX.F
- Exchange: OTCPK
- Founded: 1951
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: CHF284.129m
- Listing Market Cap: CHF289.653m
- Shares outstanding: 54.75m
- Website: https://www.nagra.com
Number of Employees
- Kudelski SA
- 22-24, Route de Genève
- PO Box 134
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KDCX.F||OTCPK (Pink Sheets LLC)||Yes||Bearer Shares||US||USD||Jul 1998|
|KUD||SWX (SIX Swiss Exchange)||Yes||Bearer Shares||CH||CHF||Jul 1998|
|0QNQ||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||CHF||Jul 1998|
|KUD||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||Jul 1998|
Kudelski SA develops and delivers a range of secure content protection solutions to address the needs of the digital television ecosystem in Internet, satellite, cable, terrestrial, and hybrid end-to-end transmission systems worldwide. It operates through four segments: Digital TV, Cybersecurity, Internet of Things (IoT), and Public Access. The Digital TV segment offers integrated solutions, including open conditional access solutions, which allow TV operators and content providers to operate various value-added pay TV services on a secure platform, and middleware software solutions for set-top boxes and other consumer devices; and intellectual property consulting services. The Cybersecurity segment provides cybersecurity solutions to various sectors, such as advisory, technology and resale, managed security, and proprietary research and development services. The IoT segment offers device security through identity authentication and firmware protection; data security to ensure the confidentiality, integrity, and authenticity of sensitive data; and access management and active security protections to enable secure processing, local decision making, and threat detection and response. The Public Access segment provides access control systems and ticketing services for ski lifts, car parks, stadiums, concert halls, and other events. The company also offers watermarking solutions, as well as operates a travel agency; and finance services. In addition, it offers smartcards and digital TV sales and support services. Kudelski SA was founded in 1951 and is headquartered in Cheseaux-sur-Lausanne, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 00:17|
|End of Day Share Price||2020/02/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.