Kimball Electronics, Inc.
KE
Printed Circuit Boards
Mkt Cap
$569.7MPE
17.74Debt
-Cash
$67.34MEV
-FCF
$7.891MP/E Ratio
17.74Debt
-Cash
$67.34MEV
-FCF
$7.891MCharts data: {"Earnings":[{"time":"2014-06-29","value":24613000},{"time":"2015-06-29","value":26205000},{"time":"2016-06-29","value":22287000},{"time":"2017-06-29","value":34164000},{"time":"2018-06-29","value":16743000},{"time":"2019-06-29","value":31526000},{"time":"2020-06-29","value":18172000},{"time":"2021-06-29","value":56707000},{"time":"2022-06-29","value":31208000},{"time":"2023-06-29","value":55749000}],"Sales":[{"time":"2014-06-29","value":741530000},{"time":"2015-06-29","value":819350000},{"time":"2016-06-29","value":842060000},{"time":"2017-06-29","value":930914000},{"time":"2018-06-29","value":1072061000},{"time":"2019-06-29","value":1181844000},{"time":"2020-06-29","value":1200550000},{"time":"2021-06-29","value":1291807000},{"time":"2022-06-29","value":1349535000},{"time":"2023-06-29","value":1823429000}],"Net Margins":[{"time":"2014-06-29","value":0.03319218372823756},{"time":"2015-06-29","value":0.03198266918899127},{"time":"2016-06-29","value":0.02646723511388737},{"time":"2017-06-29","value":0.036699415842924264},{"time":"2018-06-29","value":0.015617581462248883},{"time":"2019-06-29","value":0.026675263401937988},{"time":"2020-06-29","value":0.01513639581858315},{"time":"2021-06-29","value":0.04389742430564318},{"time":"2022-06-29","value":0.023125002315612413},{"time":"2023-06-29","value":0.03057371578493048}],"Assets":[{"time":"2014-06-29","value":408730000},{"time":"2015-06-29","value":483257000},{"time":"2016-06-29","value":510565000},{"time":"2017-06-29","value":554944000},{"time":"2018-06-29","value":608758000},{"time":"2019-06-29","value":764111000},{"time":"2020-06-29","value":774829000},{"time":"2021-06-29","value":814061000},{"time":"2022-06-29","value":1035767000},{"time":"2023-06-29","value":1259719000}],"Stockholders Equity":[{"time":"2014-06-29","value":252372000},{"time":"2015-06-29","value":312449000},{"time":"2016-06-29","value":324369000},{"time":"2017-06-29","value":342272000},{"time":"2018-06-29","value":355527000},{"time":"2019-06-29","value":369854000},{"time":"2020-06-29","value":379365000},{"time":"2021-06-29","value":441972000},{"time":"2022-06-29","value":453971000},{"time":"2023-06-29","value":523994000}],"ROE":[{"time":"2014-06-29","value":0.09752666698365904},{"time":"2015-06-29","value":0.08386968753300539},{"time":"2016-06-29","value":0.06870878536481599},{"time":"2017-06-29","value":0.09981535153328347},{"time":"2018-06-29","value":0.04709346969428482},{"time":"2019-06-29","value":0.08523904026994436},{"time":"2020-06-29","value":0.04790109788725897},{"time":"2021-06-29","value":0.12830450797788095},{"time":"2022-06-29","value":0.0687444792729051},{"time":"2023-06-29","value":0.10639243960808711}],"ROA":[{"time":"2014-06-29","value":0.07399505786215839},{"time":"2015-06-29","value":0.07522912239243301},{"time":"2016-06-29","value":0.058213939459226545},{"time":"2017-06-29","value":0.08023512282320379},{"time":"2018-06-29","value":0.0744170918493063},{"time":"2019-06-29","value":0.05569086166800373},{"time":"2020-06-29","value":0.04129427267177661},{"time":"2021-06-29","value":0.08871448208426641},{"time":"2022-06-29","value":0.05073438331207694},{"time":"2023-06-29","value":0.06964172168555051}]}
Kimball Electronics, Inc. engages in the provision of contract electronics manufacturing services and diversified manufacturing services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications. In addition, it is also involved in the production and testing of printed circuit board assemblies, full box build manufacturing and assembly, final assembly of medical electronic products, design services and support, rapid prototyping and new product introduction support, product design and process validation and qualification, industrialization and automation of manufacturing processes, reliability testing, aftermarket services, drug delivery devices and solutions with and without electronics, software design, and complete product life cycle management, as well as Class 7 and 8 clean room assembly, cold chain, and product sterilization management activities. The company operates in the United States, China, Mexico, Poland, Romania, Thailand, India, Japan, Vietnam, and internationally. Kimball Electronics, Inc. was founded in 1961 and is headquartered in Jasper, Indiana.
DCF
Discounted Cash Flow Valuation of Kimball Electronics, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $7.891M | $10.26M | $13.05M | $16.24M | $19.76M | $23.49M | $27.28M | $30.91M | $34.18M | $36.84M | $38.68M | $386.8M |
| DCF | $8.92M | $9.868M | $10.68M | $11.3M | $11.68M | $11.79M | $11.62M | $11.17M | $10.47M | $9.56M | $95.6M | |
| Value | $202.7M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 8.9%
Earnings Stability 40%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 3.2% | 2.6% | 3.7% | 1.6% | 2.7% | 1.5% | 4.4% | 2.3% | 3.1% | 1.8% |
| ROA | 7.5% | 5.8% | 8% | 7.4% | 5.6% | 4.1% | 8.9% | 5.1% | 7% | 4.8% |
| ROE | 8.4% | 6.9% | 10% | 4.7% | 8.5% | 4.8% | 13% | 6.9% | 11% | 6% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +2.58%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.27%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +6.34%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.02%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +8.06%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +0.94%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | - | - | - | - | - | - | - | - |
| Debt Equity | - | - | - | - | - | - | - | - | - | - |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 61% | 100% | 66% | 100% | 88% | 100% | 61% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.61.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 06-2016 | 06-2018 | 06-2020 | 06-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 12% | 11% | 15% | 35% | 1.4% |
| Net Income | 14% | 27% | 45% | 79% | 8.7% |
| Stockholders Equity | 7.1% | 8.1% | 11% | 15% | -0.27% |
| FCF | - | - | - | - | -18% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +11.21%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +1.4%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +27.2%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +8.75%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +8.07%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -0.27%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -18.42%.