MTS Systems stock price, funding rounds, valuation and financials

MTS Systems annual revenue was $828.59 m in FY 2020

$198.8 M

MTS Systems Revenue Q1, 2021

MTS Systems Gross profit (Q1, 2021)74.4 M

MTS Systems Gross profit margin (Q1, 2021), %37.4%

MTS Systems Net income (Q1, 2021)1.7 M

MTS Systems EBIT (Q1, 2021)4.6 M

MTS Systems Cash, 02-Jan-2021112.6 M

MTS Systems revenue was $828.59 m in FY, 2020 which is a 7.2% year over year decrease from the previous period.

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Founding Date	1966

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MTS Systems revenue breakdown by business segment: 59.2% from Test and 40.8% from Sensors

MTS Systems revenue breakdown by geographic segment: 28.5% from Europe, 32.4% from Asia, excluding China and 39.1% from Americas, excluding U.S.

USD	FY, 2018	FY, 2019	FY, 2020
Revenue	778.0m	892.5m	828.6m
Revenue growth, %	(1%)	15%	(7%)
Cost of goods sold	472.5m	563.6m	540.2m
Gross profit	305.5m	328.9m	288.4m
Gross profit Margin, %	39%	37%	35%
Sales and marketing expense	126.3m	131.6m	120.3m
R&D expense	34.8m	30.9m	28.1m
General and administrative expense	79.2m	86.7m	96.1m
Operating expense total	240.4m	249.2m	535.9m
EBIT	65.2m	79.7m	(247.5m)
EBIT margin, %	8%	9%	(30%)
Interest expense	25.9m	31.6m	34.0m
Pre tax profit	44.2m	48.6m	(283.7m)
Income tax expense	(17.1m)	5.5m	(11.7m)
Net Income	61.3m	43.1m	(272.1m)
EPS	3.2	2.2	(14.2)

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021
Revenue	203.2m	233.0m	232.2m	205.8m	211.5m	196.2m	198.8m
Cost of goods sold	124.9m	145.7m	147.1m	129.2m	140.2m	130.7m	124.4m
Gross profit	78.3m	87.4m	85.1m	76.6m	71.2m	65.5m	74.4m
Gross profit Margin, %	39%	37%	37%	37%	34%	33%	37%
Sales and marketing expense	32.1m	33.4m	33.3m	32.7m	30.1m	26.9m	28.4m
R&D expense	7.2m	7.7m	8.2m	7.0m	7.1m	6.3m	7.2m
General and administrative expense	21.1m	22.1m	20.6m	21.7m	26.0m	19.7m	34.2m
Operating expense total	60.3m	63.2m	62.1m	61.5m	63.3m	52.9m	69.8m
EBIT	18.0m	24.2m	23.0m	15.2m	8.0m	12.6m	4.6m
EBIT margin, %	9%	10%	10%	7%	4%	6%	2%
Interest expense	6.8m	7.4m	6.7m	8.3m	8.9m	8.8m	8.5m
Pre tax profit	11.2m	17.1m	16.2m	6.5m	(1.1m)	3.4m	2.6m
Income tax expense	696.0k	2.9m	2.6m	1.1m	2.0k	(1.0m)	862.0k
Net Income	10.5m	14.2m	13.6m	5.3m	(1.1m)	4.4m	1.7m
EPS	0.5	0.7	0.7	0.3	(0.1)	0.2	0.1

USD	FY, 2018	FY, 2019	FY, 2020
Cash	71.8m	57.9m	88.9m
Accounts Receivable	122.2m	121.3m	128.7m
Prepaid Expenses	24.6m	23.8m	24.4m
Inventories	139.1m	167.2m	174.2m
Current Assets	428.2m	450.5m	501.0m
PP&E	90.3m	101.1m	95.1m
Goodwill	369.3m	429.0m	228.6m
Total Assets	1.1b	1.3b	1.2b
Accounts Payable	47.9m	46.8m	51.6m
Dividends Payable	5.3m	5.7m
Short-term debt	32.7m	28.0m	42.8m
Current Liabilities	239.1m	251.6m	296.9m
Long-term debt	355.6m	484.6m	541.7m
Total Debt	388.4m	512.6m	584.6m
Total Liabilities	661.5m	813.9m	929.0m
Common Stock	4.5m	4.8m	4.8m
Additional Paid-in Capital	171.4m	182.4m	189.6m
Retained Earnings	300.6m	315.3m	31.8m
Total Equity	477.9m	484.1m	221.2m
Debt to Equity Ratio	0.8 x	1.1 x	2.6 x
Debt to Assets Ratio	0.3 x	0.4 x	0.5 x
Financial Leverage	2.4 x	2.7 x	5.2 x

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021
Cash	70.4m	74.1m	75.7m	64.1m	66.6m	65.1m	112.6m
Accounts Receivable	115.4m	117.3m	131.4m	131.3m	122.2m	118.7m	123.5m
Prepaid Expenses	30.1m	32.3m	27.1m	21.1m	28.3m	30.4m	32.0m
Inventories	183.5m	179.1m	164.9m	177.0m	180.2m	177.2m	179.6m
Current Assets	460.0m	474.0m	467.9m	460.8m	479.6m	483.1m	528.4m
PP&E	89.3m	88.1m	92.9m	102.0m	101.9m	100.2m	90.2m
Goodwill	402.2m	403.4m	403.4m	429.8m	465.4m	466.0m	230.6m
Total Assets	1.2b	1.3b	1.3b	1.3b	1.4b	1.4b	1.2b
Accounts Payable	49.2m	39.9m	39.5m	46.1m	59.1m	51.6m	59.8m
Dividends Payable	5.3m	5.3m	5.6m	5.7m	5.7m
Short-term debt	30.5m	28.1m	28.3m	57.5m	34.8m	29.8m	35.9m
Current Liabilities	257.3m	259.5m	248.2m	270.4m	260.4m	242.4m	313.7m
Long-term debt	435.6m	436.3m	434.2m	483.2m	565.8m	565.3m	541.2m
Total Debt	466.0m	464.4m	462.5m	540.7m	600.6m	595.1m	577.1m
Total Liabilities	774.5m	775.6m	762.8m	840.7m	942.2m	934.3m	935.3m
Common Stock	4.5m	4.5m	4.7m	4.8m	4.8m	4.8m	4.9m
Additional Paid-in Capital	173.1m	176.9m	179.0m	183.9m	187.6m	187.1m	194.6m
Retained Earnings	299.5m	308.3m	316.2m	314.9m	308.1m	312.4m	33.5m
Total Equity	473.3m	485.1m	494.5m	488.7m	481.7m	488.9m	233.0m
Debt to Equity Ratio	1 x	1 x	0.9 x	1.1 x	1.2 x	1.2 x	2.5 x
Debt to Assets Ratio	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x	0.5 x
Financial Leverage	2.6 x	2.6 x	2.5 x	2.7 x	3 x	2.9 x	5 x

USD	FY, 2018	FY, 2019	FY, 2020
Net Income	61.3m	43.1m	(272.1m)
Depreciation and Amortization	34.5m	38.0m	46.7m
Accounts Receivable	4.8m	(21.3m)	15.7m
Inventories	(12.3m)	8.7m	(6.1m)
Accounts Payable	(846.0k)	(4.6m)	(7.4m)
Cash From Operating Activities	63.2m	73.5m	47.8m
Purchases of PP&E	(12.3m)	(30.5m)	(23.9m)
Cash From Investing Activities	(4.7m)	(182.8m)	(72.2m)
Short-term Borrowings	(38.7m)	(70.0m)	(133.0m)
Long-term Borrowings	(64.5m)	(298.7m)	(5.5m)
Dividends Paid	(21.4m)	(21.7m)	(17.2m)
Cash From Financing Activities	(94.6m)	97.4m	51.4m
Net Change in Cash	(36.9m)	(13.9m)	31.0m
Interest Paid	22.2m	22.1m	33.3m
Income Taxes Paid	11.4m	11.4m	13.8m

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021
Net Income	10.5m	24.7m	38.2m	5.3m	4.2m	8.6m	1.7m
Depreciation and Amortization	10.0m	18.5m	28.2m	10.4m	23.1m	34.6m	11.3m
Accounts Receivable	9.0m	3.8m	(15.4m)	5.0m	18.7m	13.9m	14.1m
Inventories	(15.8m)	(12.9m)	1.0m	(9.7m)	(13.6m)	(10.4m)	(4.1m)
Accounts Payable	(2.8m)	(10.4m)	(11.4m)	913.0k	1.1m	(6.4m)	7.2m
Cash From Operating Activities	10.6m	30.7m	50.0m	(5.7m)	(2.6m)	13.4m	19.3m
Purchases of PP&E	(3.8m)	(9.3m)	(17.4m)	(10.6m)	(16.3m)	(21.1m)	(2.6m)
Cash From Investing Activities	(82.1m)	(91.4m)	(101.2m)	(10.6m)	(64.4m)	(70.3m)	6.1m
Short-term Borrowings	(25.0m)	(30.0m)	(35.0m)	(20.0m)	(48.0m)	(88.0m)	(32.0m)
Long-term Borrowings	(1.3m)	(1.4m)	(3.9m)	(1.3m)	(2.6m)	(4.2m)	(1.3m)
Dividends Paid	(5.4m)	(10.7m)	(16.1m)	(5.7m)	(11.5m)	(17.2m)
Cash From Financing Activities	70.6m	63.2m	55.4m	21.5m	75.6m	63.0m	(5.9m)
Net Change in Cash	(1.4m)	2.3m	3.9m	6.1m	8.6m	7.1m	23.7m
Interest Paid	5.3m	12.1m	18.2m	1.9m	16.4m	19.6m	2.7m
Income Taxes Paid	2.0m	6.3m	9.3m	2.1m	8.0m	10.3m	2.5m

MTS Systems's Backlog was reported to be $457.6m in FY, 2020.

	FY, 2014	FY, 2015	Aug, 2016	FY, 2016	Apr, 2017	May, 2017	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Backlog	$326.47 m	$353.01 m		$370.52 m			$360.02 m	$415.16 m	$420.12 m	$457.59 m
Backlog (Sensors)							$48.47 m	$69.15 m	$77.46 m	$71.68 m
Backlog (Test and Simulation)							$311.55 m	$346.01 m	$342.65 m	$385.91 m
Manufacturing Facilities			16		16	16		16	15	15
Order Volume	$615.59 m	$618.3 m
Remaining Performance Obligations									$188.5 k	$209.29 k

	FY, 2020
Female (Board of Directors), percent	9.7%
Female (Senior Management), percent	8.3%
Male (Senior Management), percent	25%
Female, percent	9.3%
Male, percent	24%
Male (Board of Directors), percent	23.7%