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Strattec Security Corporation

Consumer Cyclical US STRT

22.0USD
-0.45(2.00%)

Last update at 2024-04-22T20:00:00Z

Day Range

21.4922.29
LowHigh

52 Week Range

16.0630.34
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax -7.66800M 9.28M 35.01M -8.12300M -20.43300M
Minority interest 2.28M -1.82800M 31.79M 23.22M 4.34M
Net income -6.67000M 7.03M 22.53M -5.85700M -12.69300M
Selling general administrative 48.24M 47.12M 44.74M 44.11M 47.19M
Selling and marketing expenses - - - 44.11M -
Gross profit 42.15M 56.02M 78.66M 35.45M 57.80M
Reconciled depreciation 17.48M 19.38M 19.79M 19.33M 17.16M
Ebit -6.70800M 8.90M 33.91M -7.20300M 10.61M
Ebitda 10.78M 28.88M 55.10M 12.13M 30.22M
Depreciation and amortization 17.48M 19.98M 21.18M 19.33M 19.61M
Non operating income net other - - 1.40M 1.46M 2.45M
Operating income -6.08900M 8.90M 33.91M -7.20300M 10.61M
Other operating expenses 499.04M 443.37M 451.38M 393.96M 476.39M
Interest expense 0.96M 0.22M 0.30M 0.92M 1.61M
Tax provision 1.28M 0.42M 5.11M -2.26600M -7.74000M
Interest income - - - - 0.00000M
Net interest income -0.96000M -0.22100M -0.30200M -0.92000M -1.61500M
Extraordinary items - - - - 0.37M
Non recurring - - - - -
Other items - - - - -
Income tax expense 1.28M 0.42M 5.11M -2.26600M -7.74000M
Total revenue 492.95M 452.26M 485.30M 385.30M 487.01M
Total operating expenses 48.24M 47.12M 44.74M 44.11M 47.19M
Cost of revenue 450.79M 396.25M 406.64M 349.85M 429.21M
Total other income expense net -0.61900M 0.38M 1.09M -0.92000M -31.04700M
Discontinued operations - - - - -
Net income from continuing ops -8.94900M 8.86M 29.90M -5.85700M 2.44M
Net income applicable to common shares -6.67000M 7.03M 22.53M -7.60500M -17.02900M
Preferred stock and other adjustments - - - - -
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Total assets 340.93M 318.68M 310.56M 265.55M 312.74M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 37.80M 23.15M 19.68M 17.24M 17.33M
Total liab 129.91M 98.27M 97.13M 90.10M 124.92M
Total stockholder equity 184.96M 188.87M 181.65M 152.22M 163.39M
Deferred long term liab - - - - -
Other current liab 51.06M 30.59M 40.84M 29.59M 37.37M
Common stock 0.07M 0.07M 0.07M 0.07M 0.07M
Capital stock 0.00000M 0.07M 0.07M 0.07M 0.07M
Retained earnings 234.30M 241.50M 234.47M 211.94M 221.12M
Other liab 3.92M 5.79M 7.56M 3.56M 3.66M
Good will - - - - -
Other assets 16.24M 12.38M 12.03M 9.21M 14.46M
Cash 20.57M 8.77M 14.46M 11.77M 7.81M
Cash and equivalents - - - - -
Total current liabilities 108.99M 81.47M 77.57M 48.14M 79.26M
Current deferred revenue - 6.94M - 6.49M -
Net debt -7.57100M 2.23M -2.46500M 23.23M 34.19M
Short term debt - - -14.38800M - -
Short long term debt - - - - -
Short long term debt total 13.00M 11.00M 12.00M 35.00M 42.00M
Other stockholder equity -35.21700M -34.05600M -36.10300M -37.67900M -39.23400M
Property plant equipment 98.91M 91.73M 96.40M 108.90M 118.12M
Total current assets 225.78M 188.23M 174.90M 125.37M 156.63M
Long term investments 0.00000M 26.34M 27.22M 22.07M 23.53M
Net tangible assets 184.96M 188.87M 181.65M 152.22M 163.39M
Short term investments - - 27.22M 22.07M -
Net receivables 89.81M 75.83M 69.90M 41.95M 84.23M
Long term debt 13.00M 11.00M 12.00M 35.00M 42.00M
Inventory 77.60M 80.48M 70.86M 54.40M 47.26M
Accounts payable 57.93M 43.95M 36.73M 18.55M 41.89M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 31.55M 31.79M 23.22M 24.43M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -14.19400M -18.65700M -16.79700M -22.11300M -18.56800M
Additional paid in capital - - - - -
Common stock total equity - 0.07M 0.07M 0.07M 0.07M
Preferred stock total equity - - - - -
Retained earnings total equity - 241.50M 234.47M 211.94M 221.12M
Treasury stock - -135.58000M -135.61500M -135.65600M -135.72500M
Accumulated amortization - - - - -
Non currrent assets other 7.08M 5.44M 12.03M 12.96M 14.46M
Deferred long term asset charges - - - - 2.93M
Non current assets total 115.15M 130.45M 135.66M 140.18M 156.10M
Capital lease obligations - - - - -
Long term debt total - 11.00M 12.00M 35.00M 42.00M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments 8.90M -0.15000M -0.10000M -12.34900M -0.20000M
Change to liabilities 23.96M 1.79M 28.54M -24.20700M 6.14M
Total cashflows from investing activities 8.90M -14.33300M -9.02100M -12.34900M -17.60000M
Net borrowings 2.00M -1.00000M -23.00000M -7.00000M -9.00000M
Total cash from financing activities -7.43600M -1.89200M -22.88600M -8.99200M -12.17500M
Change to operating activities -10.48300M -16.83700M -18.09900M -0.02900M 5.86M
Net income -8.94900M 8.86M 29.90M -5.85700M -12.69300M
Change in cash 11.80M -5.69100M 2.69M 3.96M -0.28100M
Begin period cash flow 8.77M 14.46M 11.77M 7.81M 8.09M
End period cash flow 20.57M 8.77M 14.46M 11.77M 7.81M
Total cash from operating activities 10.10M 10.44M 35.15M 25.42M 29.94M
Issuance of capital stock - - - - -
Depreciation 17.48M 19.38M 19.79M 19.33M 17.16M
Other cashflows from investing activities - 0.00500M 0.00800M 0.03M 0.05M
Dividends paid - 1.80M 0.49M 1.57M 2.06M
Change to inventory 2.88M -9.62200M -16.46000M -7.13800M -0.60800M
Change to account receivables -13.69600M -5.93500M -27.74400M 41.99M -10.39200M
Sale purchase of stock - 0.91M 0.60M 0.56M 0.27M
Other cashflows from financing activities 7.56M 12.11M 0.11M 7.58M 3.89M
Change to netincome -3.39000M 0.86M 10.93M -3.48800M -11.59400M
Capital expenditures 17.37M 14.19M 8.93M 12.38M 17.45M
Change receivables - -5.93500M -27.74400M 41.99M -10.39200M
Cash flows other operating - -3.07400M -2.43500M 4.79M 41.93M
Exchange rate changes - - - - -
Cash and cash equivalents changes - -5.78900M 3.24M 4.08M 0.17M
Change in working capital 2.67M -16.83700M -18.09900M 10.62M 1.00M
Stock based compensation 1.47M 1.14M 0.97M 5.82M 5.33M
Other non cash items 2.36M -0.12500M 1.12M -0.89500M 29.27M
Free cash flow -7.27500M -3.75200M 26.22M 13.04M 12.49M

Fundamentals

  • Previous Close 22.45
  • Market Cap114.33M
  • Volume9437
  • P/E Ratio-
  • Dividend Yield2.51%
  • EBITDA16.87M
  • Revenue TTM507.99M
  • Revenue Per Share TTM129.15
  • Gross Profit TTM 42.15M
  • Diluted EPS TTM-0.68

Peer Comparison

Sector: Consumer Cyclical Industry: Auto Parts

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
STRT
Strattec Security Corporation
-0.45 2.00% 22.00 - 27.32 0.20 0.53 0.19 5.80
DNZOY
Denso Corp ADR
-0.16 0.87% 18.28 18.99 12.36 0.0067 1.23 0.0064 0.05
DNZOF
DENSO Corporation
- -% 18.56 19.14 12.89 0.0064 1.28 0.0065 0.05
MBLY
Mobileye Global Inc. Class A Common Stock
-0.11 0.36% 30.12 - 50.51 16.93 2.29 18.25 74.30
BRDCY
Bridgestone Corp ADR
0.36 1.66% 22.09 11.52 12.12 0.0067 1.18 0.0068 0.03

Reports Covered

Stock Research & News

Profile

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products. It also offers full service and aftermarket support services for its products. The company markets its products to automotive and light truck original equipment manufacturers, as well as other transportation-related manufacturers; and through wholesale distributors, other marketers, and users of component parts, as well as certain products to non-automotive commercial customers. It also exports its products to Europe, South America, Korea, China, and India. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.

Strattec Security Corporation

3333 West Good Hope Road, Milwaukee, WI, United States, 53209

Key Executives

Name Title Year Born
Mr. Frank Joseph Krejci Pres, CEO & Director 1950
Mr. Rolando J. Guillot Sr. VP of Operations 1968
Mr. Dennis P. Bowe Sr. VP, CFO, Principal Accounting Officer, Treasurer & Sec. NA
Mr. Richard P. Messina VP of Global Sales & Access Control Products 1966
Mr. Al-Waleed H. Hamdan VP of Global Sales & Product Management 1968

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