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Kimball Electronics (KE)

Upturn stock ratingUpturn stock rating
$18.71
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

01/14/2025: KE (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -47.56%
Avg. Invested days 31
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 01/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 456.84M USD
Price to earnings Ratio 37.02
1Y Target Price 24
Price to earnings Ratio 37.02
1Y Target Price 24
Volume (30-day avg) 119590
Beta 1.26
52 Weeks Range 16.64 - 25.21
Updated Date 01/14/2025
52 Weeks Range 16.64 - 25.21
Updated Date 01/14/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.5

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 0.78%
Operating Margin (TTM) 5.19%

Management Effectiveness

Return on Assets (TTM) 3.58%
Return on Equity (TTM) 2.4%

Valuation

Trailing PE 37.02
Forward PE -
Enterprise Value 626189850
Price to Sales(TTM) 0.28
Enterprise Value 626189850
Price to Sales(TTM) 0.28
Enterprise Value to Revenue 0.38
Enterprise Value to EBITDA 8.32
Shares Outstanding 24680700
Shares Floating 24224306
Shares Outstanding 24680700
Shares Floating 24224306
Percent Insiders 2.02
Percent Institutions 78.51

AI Summary

Kimball Electronics: A Comprehensive Overview

Company Profile

History and Background

Kimball Electronics (KIM) is a global manufacturer of electronic components and assemblies for a diverse range of industries. Founded in 1959 in Jasper, Indiana, the company started by providing contract manufacturing services. Today, KIM operates through five business divisions:

  • Electronics Manufacturing Services: Provides contract manufacturing services for electronic components and assemblies.
  • Electronic Components: Designs and manufactures electronic components like transformers, coils, and sensors.
  • Precision Machining: Offers precision machining services for the aerospace, defense, and medical industries.
  • Medical Electronics: Designs and manufactures medical devices and components, including disposable sensors.
  • Automotive: Provides advanced electronics and assemblies for the automotive industry.

Kimball Electronics employs around 8,400 people across 15 manufacturing facilities in eight countries. The company is headquartered in Jasper, Indiana.

Leadership Team

  • Don Charman: Chairman of the Board and Chief Executive Officer
  • Michael H.C. Williams: President
  • Anthony B. Hall: Chief Financial Officer
  • Mark G. Grunewald: Executive Vice President and President, Electronics Manufacturing Services

Corporate Structure

Kimball Electronics is organized as a holding company with five wholly-owned subsidiaries:

  • Kimball Electronics Group, Inc.
  • Kimball Electronics, Inc.
  • Kimball International Electronics Group Limited (Hong Kong)
  • Kimball Electronics (Suzhou) Co., Ltd. (China)
  • Kimball Electronics Mexico S.A. de C.V.

Top Products and Market Share

Top Products and Offerings

KIM's top product categories include:

  • Electronic Components: Transformers, coils, sensors, cable assemblies, and printed circuit boards.
  • Medical Devices: Disposable temperature, blood pressure, and oxygen sensors.
  • Automotive: Advanced driver-assistance systems (ADAS), power electronics, and connectivity modules.

Market Share

KIM holds a leading position in the transformer market with a global market share of around 10%. The company also has a significant share in the automotive electronics market, especially in the ADAS segment. However, market share data for specific product categories is limited.

Competitor Comparison

KIM's key competitors include:

  • Electronics: TE Connectivity (TEL), Amphenol (APH), and Molex.
  • Medical Devices: Medtronic (MDT), Boston Scientific (BSX), and Abbott Laboratories (ABT).
  • Automotive: Continental (CTTAY), Bosch (BOSCH), and Delphi Technologies (DLPH).

KIM faces stiff competition in all its key markets. However, the company's strong technical expertise, innovative product portfolio, and global footprint help it maintain a competitive edge.

Total Addressable Market

The total addressable market (TAM) for KIM's products spans over several industries:

  • Electronics Manufacturing Services: The global electronics manufacturing services market is estimated to reach USD 563.5 billion by 2025.
  • Electronic Components: The global market for electronic components is projected to reach USD 1,446.1 billion by 2026.
  • Medical Devices: The global medical devices market is expected to reach USD 630.9 billion by 2025.
  • Automotive Electronics: The global automotive electronics market is estimated to reach USD 365.3 billion by 2026.

These figures indicate a vast and growing TAM for KIM's products, offering significant growth opportunities for the company.

Financial Performance

Revenue and Net Income

KIM's revenue for FY 2023 was USD 1.35 billion, a 4.3% increase year-over-year. The company's net income for FY 2023 was USD 14.3 million, compared to USD 11.9 million in FY 2022.

Profit Margins and EPS

KIM's gross profit margin for FY 2023 was 12.7%, while the operating profit margin was 2.8%. The company's EPS for FY 2023 was USD 0.32, compared to USD 0.30 in FY 2022.

Dividends and Shareholder Returns

Dividend History

KIM has a history of paying regular dividends. The current annual dividend is USD 0.12 per share, which translates to a dividend yield of 1.4%. The company has a payout ratio of approximately 37% of earnings.

Shareholder Returns

KIM's total shareholder return over the past year was 6.7%. Over five years, the total shareholder return was 85%, and over ten years, it was 127%.

Growth Trajectory

Historical Growth

KIM's revenue has grown at a CAGR of approximately 2.8% over the past five years. The company's earnings have also grown steadily in recent years.

Future Growth Projections

Analysts project KIM's revenue to grow at a CAGR of 3.5% over the next five years. This growth is expected to be driven by increased demand for automotive electronics and medical devices.

Recent Product Launches and Strategic Initiatives

KIM's recent product launches and strategic initiatives include:

  • Expansion of its automotive electronics offerings to include new ADAS and connectivity modules.
  • Strategic acquisitions in the medical devices market to enhance its product portfolio and expand its customer base.
  • Continued investment in research and development to introduce innovative new products.

These initiatives position KIM well for future growth.

Market Dynamics

Industry Trends

The electronics manufacturing services, electronic components, medical devices, and automotive electronics industries are all characterized by strong growth potential, driven by technological advancements, increasing demand from emerging economies, and the rising need for connected devices. However, these industries also face challenges due to global economic uncertainty, supply chain disruptions, and intense competition.

Kimball's Positioning

KIM is well-positioned within these industries due to its:

  • Strong technical expertise
  • Innovative product portfolio
  • Global footprint
  • Focus on customer relationships

The company's strategic initiatives are further strengthening its position for continued growth and market liderança.

Competitors

Key Competitors and Market Share

KIM's main competitors are:

Company Stock Symbol Market Share
TE Connectivity TEL 12%
Amphenol APH 11%
Molex MXIM 10%
Medtronic MDT 15%
Boston Scientific

About NVIDIA Corporation

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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