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Franklin Electric Co Inc
NASDAQ:FELE

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Franklin Electric Co Inc Logo
Franklin Electric Co Inc
NASDAQ:FELE
Watchlist
Price: 106.64 USD 1.39%
Updated: Mar 28, 2024

Intrinsic Value

Franklin Electric Co., Inc. engages in the development, manufacture, and distribution of water and fuel pumping systems. [ Read More ]

The intrinsic value of one FELE stock under the Base Case scenario is 78.8 USD. Compared to the current market price of 106.64 USD, Franklin Electric Co Inc is Overvalued by 26%.

Key Points:
FELE Intrinsic Value
Base Case
78.8 USD
Overvaluation 26%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Franklin Electric Co Inc

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Fundamental Analysis

Q4 Revenue Dips Amid High Costs, 2024 H2 Growth Projected
2023-Q4 Earnings Call

Q4 Revenue Dips Amid High Costs, 2024 H2 Growth Projected

In the fourth quarter of 2023, the company faced a 3% year-over-year drop in consolidated sales to $473.0 million, with diluted earnings per share declining from $0.84 to $0.82. U.S. Water Systems saw a 6% sales decline, primarily due to weather and channel destocking. International sales improved except for a 23% decrease in Fueling Systems sales. Gross profit margin slipped slightly to 33.8%, and operating income fell by 10% to $50.8 million. Looking ahead, the company's performance in Q1 2024 is anticipated to align with previous years, with the first half's performance expected to be slow, setting the stage for growth momentum to build towards the latter half.

Financials

Balance Sheet Decomposition
Franklin Electric Co Inc

Current Assets 853.8m
Cash & Short-Term Investments 85m
Receivables 222.4m
Other Current Assets 546.4m
Non-Current Assets 874.3m
PP&E 286.8m
Intangibles 572.4m
Other Non-Current Assets 15.1m
Current Liabilities 287m
Accounts Payable 152.4m
Accrued Liabilities 117.6m
Other Current Liabilities 17.1m
Non-Current Liabilities 234.4m
Long-Term Debt 88.1m
Other Non-Current Liabilities 146.3m
Efficiency

Earnings Waterfall
Franklin Electric Co Inc

Revenue
2.1B USD
Cost of Revenue
-1.4B USD
Gross Profit
697m USD
Operating Expenses
-433.2m USD
Operating Income
263.8m USD
Other Expenses
-71.3m USD
Net Income
192.6m USD

Free Cash Flow Analysis
Franklin Electric Co Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

FELE Profitability Score
Profitability Due Diligence

Franklin Electric Co Inc's profitability score is 58/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive 3-Years Revenue Growth
Positive Free Cash Flow
Positive 3-Year Average ROE
58/100
Profitability
Score

Franklin Electric Co Inc's profitability score is 58/100. The higher the profitability score, the more profitable the company is.

FELE Solvency Score
Solvency Due Diligence

Franklin Electric Co Inc's solvency score is 89/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
High Altman Z-Score
Low D/E
Long-Term Solvency
89/100
Solvency
Score

Franklin Electric Co Inc's solvency score is 89/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

FELE Price Targets Summary
Franklin Electric Co Inc

Wall Street analysts forecast FELE stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FELE is 103.79 USD with a low forecast of 87.87 USD and a high forecast of 115.5 USD.

Lowest
Price Target
87.87 USD
18% Downside
Average
Price Target
103.79 USD
3% Downside
Highest
Price Target
115.5 USD
8% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

FELE Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

FELE Price
Franklin Electric Co Inc

1M 1M
+6%
6M 6M
+18%
1Y 1Y
+17%
3Y 3Y
+40%
5Y 5Y
+119%
10Y 10Y
+182%
Annual Price Range
106.64
52w Low
83.7821
52w High
106.64
Price Metrics
Average Annual Return 14.54%
Standard Deviation of Annual Returns 21.18%
Max Drawdown -32%
Shares Statistics
Market Capitalization 4.9B USD
Shares Outstanding 46 040 000
Percentage of Shares Shorted 2.2%

FELE Return Decomposition
Main factors of price return

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Company Profile

Franklin Electric Co Inc Logo
Franklin Electric Co Inc

Country

United States of America

Industry

Machinery

Market Cap

4.9B USD

Dividend Yield

0.95%

Description

Franklin Electric Co., Inc. engages in the development, manufacture, and distribution of water and fuel pumping systems. The company is headquartered in Fort Wayne, Indiana and currently employs 6,400 full-time employees. The firm's segments include Water Systems, Fueling Systems, and Distribution segments. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices. The company also designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer and wastewater. Its Fueling Systems segment is engaged in the production and marketing of fuel pumping systems, fuel containment systems, and monitoring and control systems. The Distribution segment operates as a collection of wholly owned groundwater distributors known as the Headwater Companies.

Contact

INDIANA
Fort Wayne
9255 Coverdale Rd
+12608242900.0
https://franklin-electric.com/

IPO

1980-03-17

Employees

6 400

Officers

Chairman & CEO
Mr. Gregg C. Sengstack
VP & CFO
Mr. Jeffery L. Taylor
VP & President of Headwater Companies
Mr. DeLancey W. Davis
VP, Chief Administrative Officer, General Counsel & Corporate Secretary
Mr. Jonathan M. Grandon

See Also

Discover More
What is the Intrinsic Value of one FELE stock?

The intrinsic value of one FELE stock under the Base Case scenario is 78.8 USD.

Is FELE stock undervalued or overvalued?

Compared to the current market price of 106.64 USD, Franklin Electric Co Inc is Overvalued by 26%.