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Kimball Electronics (KE)



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Upturn Advisory Summary
02/25/2025: KE (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -47.56% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 336.64M USD | Price to earnings Ratio 42.84 | 1Y Target Price 21.25 |
Price to earnings Ratio 42.84 | 1Y Target Price 21.25 | ||
Volume (30-day avg) 131681 | Beta 1.18 | 52 Weeks Range 12.57 - 24.45 | Updated Date 04/4/2025 |
52 Weeks Range 12.57 - 24.45 | Updated Date 04/4/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.32 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.51% | Operating Margin (TTM) 5.19% |
Management Effectiveness
Return on Assets (TTM) 3.32% | Return on Equity (TTM) 1.49% |
Valuation
Trailing PE 42.84 | Forward PE - | Enterprise Value 487157656 | Price to Sales(TTM) 0.21 |
Enterprise Value 487157656 | Price to Sales(TTM) 0.21 | ||
Enterprise Value to Revenue 0.31 | Enterprise Value to EBITDA 7.43 | Shares Outstanding 24554700 | Shares Floating 24081495 |
Shares Outstanding 24554700 | Shares Floating 24081495 | ||
Percent Insiders 2.03 | Percent Institutions 78.34 |
Analyst Ratings
Rating 4.5 | Target Price 24 | Buy - | Strong Buy 3 |
Buy - | Strong Buy 3 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Kimball Electronics

Company Overview
History and Background
Kimball Electronics was founded in 1961 as a division of Kimball International and was spun off as an independent public company in 2014. It evolved from supporting Kimball International's core business (furniture and pianos) to a global electronics manufacturing services (EMS) provider.
Core Business Areas
- Electronics Manufacturing Services (EMS): Kimball Electronics provides contract manufacturing services, including engineering, manufacturing, and supply chain management, for various industries.
Leadership and Structure
The leadership team consists of Donald D Kelm (Chairman), Kathy Thomson (CEO), and Jana C Gray (CFO). The organizational structure is based on functional departments (sales, operations, finance) and regional management.
Top Products and Market Share
Key Offerings
- Printed Circuit Board Assemblies (PCBAs): PCBAs are the core component of most electronic devices. Kimball Electronics manufactures PCBAs for various industries. Market share is difficult to pinpoint exactly, but the global EMS market is highly fragmented. Competitors include Jabil (JBL), Flex (FLEX), and Sanmina (SANM).
- Finished Electronic Products: Kimball Electronics also offers complete product assembly and testing. Market share data is specific to each finished product category and is unavailable. Jabil (JBL), Flex (FLEX), and Sanmina (SANM) are again competitors.
Market Dynamics
Industry Overview
The EMS industry is experiencing growth due to increased demand for electronics, outsourcing trends, and globalization.
Positioning
Kimball Electronics is a mid-sized player in the EMS industry, focusing on high-mix, low-to-medium volume production. Its competitive advantage lies in its expertise, responsiveness, and customer relationships.
Total Addressable Market (TAM)
The global EMS market is estimated at several hundred billion USD. Kimball Electronics's position within this TAM is focused on specific niches and customer segments. While the overall TAM is large, Kimball's serviceable addressable market is a smaller subset.
Upturn SWOT Analysis
Strengths
- Strong customer relationships
- Focus on high-mix, low-to-medium volume
- Engineering expertise
- Global manufacturing footprint
Weaknesses
- Smaller size compared to larger competitors
- Potential customer concentration risk
- Dependence on specific industries
Opportunities
- Growth in target industries (medical, automotive)
- Expansion into new geographic regions
- Increased outsourcing trends
- Acquisitions of smaller EMS providers
Threats
- Economic downturns
- Component shortages
- Intense competition
- Geopolitical risks
Competitors and Market Share
Key Competitors
- Jabil (JBL)
- Flex (FLEX)
- Sanmina (SANM)
- Celestica (CLS)
Competitive Landscape
Kimball Electronics differentiates itself through its focus on specific niches and customer relationships. Larger competitors have broader capabilities and economies of scale.
Major Acquisitions
Velocity Electronics
- Year: 2022
- Acquisition Price (USD millions): 48
- Strategic Rationale: Expanded supply chain capabilities and customer base.
Growth Trajectory and Initiatives
Historical Growth: Kimball Electronics has experienced consistent revenue growth over the past few years, driven by organic expansion and strategic acquisitions.
Future Projections: Analysts project continued revenue growth and profitability improvements, driven by favorable industry trends and strategic initiatives.
Recent Initiatives: Recent initiatives include capacity expansion in strategic locations, investments in new technologies, and focus on key customer relationships.
Summary
Kimball Electronics is a solid EMS provider with steady growth and profitability. Its customer focus and niche expertise are working well. The company needs to watch out for intense competition and economic downturns, while capitalizing on growth opportunities in its target industries.
Similar Companies

CLS

Celestica Inc.



CLS

Celestica Inc.

FLEX

Flex Ltd



FLEX

Flex Ltd

JBL

Jabil Circuit Inc



JBL

Jabil Circuit Inc

SANM

Sanmina Corporation



SANM

Sanmina Corporation
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Analyst reports
- Industry publications
- Company website
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Kimball Electronics
Exchange NASDAQ | Headquaters Jasper, IN, United States | ||
IPO Launch date 2014-11-03 | CEO & Director Mr. Richard D. Phillips | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 7000 | |
Full time employees 7000 |
Kimball Electronics, Inc. engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. 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, as well as clean room assembly, cold chain, and product sterilization management activities. Further, the company offers design services and support, supply chain 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, and product life cycle management services, as well as and assembly of medical, automotive, and industrial products. It 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.
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