Strattec Security Financials

$109.7 M

Revenue Q3, 2017

$151.7 M

Mkt cap, 13-Dec-2017
Gross profit (Q3, 2017)17.4 M
Gross profit margin (Q3, 2017), %16%
Net income (Q3, 2017)5 M
EBIT (Q3, 2017)5.5 M
Cash, 04-Feb-20175 M

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

411.5 m401.4 m

Revenue growth, %

(2%)

Cost of goods sold

338.8 m336.6 m

Gross profit

72.7 m64.8 m

Gross profit Margin, %

18%16%

EBIT

31.1 m20.9 m

EBIT margin, %

8%5%

Interest expense

71 k176 k

Interest income

185 k25 k

Income tax expense

9.4 m5.1 m

Net Income

19.1 m24.6 m14.1 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017

Revenue

79.6 m81.5 m85.3 m122.2 m102 m88.8 m96.5 m102.5 m100.2 m94 m98.9 m109.7 m

Cost of goods sold

65.1 m65.5 m70.4 m94.2 m83.5 m73.1 m80 m83.9 m85.6 m79.5 m85.5 m92.3 m

Gross profit

14.5 m15.9 m14.9 m28.1 m18.5 m15.8 m16.5 m18.6 m14.6 m14.5 m13.5 m17.4 m

Gross profit Margin, %

18%20%17%23%18%18%17%18%15%15%14%16%

EBIT

5 m6.7 m5.1 m14.9 m8 m5.9 m5.9 m7.4 m3.2 m3.8 m2.2 m5.5 m

EBIT margin, %

6%8%6%12%8%7%6%7%3%4%2%5%

Interest expense

14 k15 k8 k11 k11 k17 k21 k23 k78 k51 k98 k100 k

Interest income

6 k21 k37 k22 k43 k61 k7 k8 k41 k4 k39 k52 k

Pre tax profit

5.6 m6.9 m5.5 m

Income tax expense

1.8 m2.3 m1.3 m5.5 m2.8 m1.1 m1.8 m2.5 m898 k589 k1.4 m1.8 m

Net Income

3.9 m4.7 m4.2 m10.3 m6.9 m5.4 m3.8 m5.2 m2.4 m3.3 m1.6 m5 m

Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

19.8 m25.7 m15.5 m

Accounts Receivable

1.2 m

Inventories

38.7 m

Current Assets

135.6 m138.2 m134.5 m

PP&E

55.8 m71.1 m85.1 m

Total Assets

213 m235.4 m242.2 m

Accounts Payable

36.1 m27.8 m32.4 m

Current Liabilities

65.3 m64.7 m64.2 m

Additional Paid-in Capital

87.1 m89.6 m92.1 m

Retained Earnings

194.5 m213.4 m220.7 m

Total Equity

152.4 m154.5 m

Financial Leverage

1.5 x1.6 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017

Cash

12.8 m20.4 m20.5 m22.5 m19.8 m28 m20 m17.9 m17.1 m23.2 m8.2 m5 m

Inventories

27.3 m30 m28.6 m32 m38.9 m35.8 m42 m45.2 m38.7 m41.7 m39.1 m38.2 m

Current Assets

107.5 m109.6 m119.7 m151.5 m136.4 m140.6 m137.1 m143.5 m138.8 m140.4 m121.6 m130.5 m

Total Assets

174.2 m179.9 m191.7 m234.8 m227.2 m234.4 m234.6 m243.7 m251.6 m247.3 m240.6 m263.5 m

Accounts Payable

28.5 m25.9 m29.9 m38.1 m33.2 m28.8 m34.1 m35.1 m37 m29.4 m32.3 m40.4 m

Current Liabilities

52.3 m52.1 m58.2 m76.2 m64.3 m60.4 m67.2 m67.7 m67.1 m60.1 m61.2 m69.8 m

Additional Paid-in Capital

83.1 m84.1 m86 m87.9 m88.5 m88.8 m90.5 m91 m92.6 m91.4 m93 m93.4 m

Retained Earnings

182.4 m185.9 m189.1 m203.4 m208.7 m212.7 m216.3 m219.2 m221.8 m220.6 m221.7 m224.6 m

Total Equity

152.7 m157.8 m156.9 m160.6 m155.6 m164.4 m

Financial Leverage

1.5 x1.5 x1.6 x1.5 x1.5 x1.6 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

19.1 m24.6 m14.1 m

Depreciation and Amortization

8.3 m8.8 m10.1 m

Accounts Receivable

(179 k)(893 k)(27 m)

Inventories

(6.2 m)(4.3 m)(3.9 m)

Accounts Payable

203 k1.8 m

Cash From Operating Activities

11.5 m31.5 m8.2 m

Purchases of PP&E

(12.8 m)(26.1 m)(23.5 m)

Cash From Investing Activities

(13 m)(30.8 m)(25.3 m)

Dividends Paid

(1.5 m)(1.7 m)(1.9 m)

Cash From Financing Activities

961 k5.8 m7.2 m

Interest Paid

42 k47 k157 k

Income Taxes Paid

5.4 m14.8 m4.7 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017

Net Income

3.9 m4.7 m4.2 m10.3 m6.9 m5.4 m3.8 m5.2 m2.4 m3.3 m1.6 m5 m

Accounts Payable

34.1 m35.1 m37 m29.4 m32.3 m40.4 m

Ratios

USDY, 2017

Revenue/Employee

28.3 k

Financial Leverage

1.6 x

Operating Metrics

FY, 2015Nov, 2015May, 2016FY, 2016FY, 2017

Manufacturing Facilities

1616161617

Engineering Centers

1313131313