A Business at a Glance
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BK Technologies Corp
BKTI
$307M
Mkt Cap
$77.91
+0.76%
BK Technologies Corp (BKTI) has a current P/E ratio of 23.4, compared to its historical median P/E of 15.9. The stock is currently considered Expensive based on its historical valuation range.
BK Technologies Corp (BKTI) has a 5-year average return on invested capital (ROIC) of -2.7%. This is below average and may indicate limited pricing power.
BK Technologies Corp (BKTI) has a market capitalization of $307M. It is classified as a small-cap stock.
BK Technologies Corp (BKTI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.39%.
Based on historical P/E analysis, BK Technologies Corp (BKTI) appears expensive. The current P/E of 23.4 is 47% above its historical median of 15.9. The estimated fair value CAGR (P/E method) is 39.7%.
BK Technologies Corp (BKTI) operates in the Radio & Tv Broadcasting & Communications Equipment industry, within the Industrials sector.
BK Technologies Corp (BKTI) reported annual revenue of $86 million in its most recent fiscal year, based on SEC EDGAR filings.
BK Technologies Corporation (NYSE American: BKTI) (together with its wholly owned subsidiaries, “BK,” the “Company,” “we” or “us”) is a holding company that, through BK Technologies, Inc., its operating subsidiary, provides public safety grade communications products and services designed to make first responders safer and more efficient. All operating activities described herein are undertaken by our operating subsidiary. In business for over 70 years, BK operates two key product group offerings: Radio and Solutions. The Radio product group designs, manufactures and markets wireless communications products and related accessories consisting of two-way land mobile radios (“LMRs”). Two-way LMRs can be radios that are hand-held (portable) or installed in vehicles (mobile).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 86M | 86M | 77M | 74M | 51M | 45M |
| Net Income | 14M | 14M | 8.4M | -2.2M | -12M | -1.7M |
| EPS | $3.44 | $3.44 | $2.25 | $-0.65 | $-17.12 | $-0.55 |
| Free Cash Flow | 18M | 18M | 12M | -462K | -11M | -8.7M |
| ROIC | 57.2% | 1926.4% | 46.1% | -10.3% | -41.0% | -5.8% |
| Gross Margin | 48.8% | 48.8% | 37.9% | 30.0% | 19.3% | 35.8% |
| Debt/Equity | 0.04 | 0.04 | 0.04 | 0.09 | 0.24 | 0.16 |
| Dividends/Share | $0.00 | - | - | $0.00 | $2.99 | $0.38 |
| Operating Income | 16M | 16M | 7.8M | -777K | -11M | -1.2M |
| Operating Margin | 18.6% | 18.6% | 10.2% | -1.0% | -21.7% | -2.6% |
| ROE | 30.3% | 36.3% | 28.0% | -10.8% | -44.1% | -6.0% |
| Shares Outstanding | 4M | 4M | 4M | 3M | 1M | 3M |
| Metric | 2016 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 0 | 0 | 51M | 39M | 49M | 40M | 44M | 45M | 51M | 74M | 77M | 86M | 86M |
| Gross Margin | N/A | N/A | 99.6% | 46.7% | 60.1% | 69.1% | 61.7% | 35.8% | 19.3% | 30.0% | 37.9% | 48.8% | 48.8% |
| R&D | 3.7M | 3.6M | 4.1M | 5.0M | 7.8M | 9.8M | 7.9M | N/A | 9.6M | 9.3M | 7.8M | 11M | 11M |
| SG&A | 11M | 11M | 13M | 15M | 18M | 20M | 17M | 17M | 21M | 23M | 21M | 26M | 26M |
| EBIT | 2.5M | 1.4M | 4.3M | -5.0M | 2.4M | -4.4M | 994K | -1.2M | -11M | -777K | 7.8M | 16M | 16M |
| Op. Margin | N/A | N/A | 8.5% | -12.8% | 4.9% | -10.9% | 2.3% | -2.6% | -21.7% | -1.0% | 10.2% | 18.6% | 18.6% |
| Net Income | 1.6M | 1.0M | 2.7M | -3.6M | -195K | -2.6M | 194K | -1.7M | -12M | -2.2M | 8.4M | 14M | 14M |
| Net Margin | N/A | N/A | 5.3% | -9.2% | -0.4% | -6.6% | 0.4% | -3.7% | -22.8% | -3.0% | 10.9% | 15.7% | 15.7% |
| Non-Recurring | 9K | 54K | 180K | 54K | 38K | 194K | 194K | 740K | 1K | 591K | 369K | 890K | 890K |
| Returns on Capital | |||||||||||||
| ROIC | 7.2% | 4.2% | 10.3% | -10.7% | 15.1% | -10.3% | 5.1% | -5.8% | -41.0% | -10.3% | 46.1% | N/M | 57.2% |
| ROE | 5.0% | 3.1% | 7.6% | -10.7% | -0.7% | -10.3% | 0.8% | -6.0% | -44.1% | -10.8% | 28.0% | 36.3% | 30.3% |
| ROA | 4.6% | 2.7% | 6.6% | -8.5% | -0.5% | -6.8% | 0.5% | -3.8% | -23.4% | -4.5% | 16.2% | 23.5% | 21.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 4.0M | -2.9M | 11M | -2.3M | 5.3M | -2.5M | 4.4M | -6.3M | -9.0M | 1.7M | 13M | 19M | 19M |
| Free Cash Flow | 3.3M | -4.0M | 9.3M | -2.9M | 3.9M | -4.9M | 3.5M | -8.7M | -11M | -462K | 12M | 18M | 18M |
| Owner Earnings | 3.5M | -3.5M | 9.9M | -3.1M | 4.3M | -3.9M | 3.1M | -7.9M | -11M | -180K | 11M | 17M | 17M |
| CapEx | 697K | 1.1M | 1.4M | 628K | 1.4M | 2.5M | 946K | 2.4M | 1.8M | 2.1M | 1.2M | 1.0M | 1.0M |
| Maint. CapEx | 460K | 531K | 748K | 808K | 868K | 1.2M | 1.3M | 1.4M | 1.4M | 1.6M | 1.7M | 1.8M | 1.8M |
| Growth CapEx | 237K | 558K | 646K | 0 | 528K | 1.2M | 0 | 1.0M | 327K | 482K | 0 | 0 | 0 |
| D&A | 460K | 531K | 748K | 808K | 868K | 1.2M | 1.3M | 1.4M | 1.4M | 1.6M | 1.7M | 1.8M | 1.8M |
| CapEx/OCF | 17.6% | N/A | N/A | N/A | 26.4% | N/A | 21.3% | N/A | N/A | 127.9% | 10.8% | N/A | 5.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2M | 2.0M | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.4% | 24.6% | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 162K | 648K | 3.3M | 1.0M | 269K | 0 | 0 | 0 | 0 | 1.2M | 1.2M |
| Buyback Yield | N/A | N/A | 0.0% | 1.6% | 5.1% | 2.9% | 1.0% | N/A | N/A | N/A | N/A | 0.0% | 0.4% |
| Stock-Based Comp | 46K | 57K | 49K | 55K | 95K | 148K | 0 | 253K | 271K | 200K | 494K | 1.0M | 1.0M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 19K | 2.3M | 0 | 0 | 75M | 53M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -11M | N/A | N/A | N/A | -11M | -1.3M | -3.3M | -5.3M | 2.9M | -1.5M | -13M | -44M | -21M |
| Cash & Equiv. | 11M | 4.7M | 11M | 7.1M | 11M | 4.7M | 6.8M | 11M | 1.9M | 3.5M | 7.1M | 23M | 23M |
| Long-Term Debt | 0 | N/A | N/A | N/A | 0 | 328K | 247K | 2.3M | 1.8M | 71K | N/A | N/A | 1.6M |
| Debt/Equity | 0.00 | 0.13 | 0.19 | 0.34 | 0.00 | 0.15 | 0.15 | 0.16 | 0.24 | 0.09 | 0.04 | 0.04 | 0.04 |
| Interest Coverage | N/A | N/A | N/A | -1.7 | 2.2 | -4.3 | 124.3 | -22.6 | -77.0 | -1.4 | 29.4 | 60.3 | 60.3 |
| Equity | 33M | 35M | 36M | 32M | 28M | 23M | 24M | 33M | 20M | 21M | 30M | 45M | 45M |
| Total Assets | 37M | 39M | 43M | 43M | 39M | 38M | 39M | 50M | 49M | 49M | 51M | 64M | 64M |
| Total Liabilities | 3.8M | 4.6M | 6.8M | 11M | 11M | 15M | 15M | 18M | 29M | 28M | 22M | 19M | 19M |
| Intangibles | N/A | N/A | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 218K | 1.3M | 240K | -5.5M | -2.4M | -6.0M | -5.7M | -8.8M | -22M | -24M | -16M | -2.3M | -2.3M |
| Working Capital | 25M | 24M | 23M | 27M | 21M | 15M | 16M | 25M | 13M | 17M | 23M | 37M | 37M |
| Current Assets | 29M | 28M | 30M | 37M | 31M | 24M | 26M | 37M | 36M | 37M | 37M | 49M | 49M |
| Current Liabilities | 3.5M | 4.3M | 6.4M | 10M | 9.9M | 9.4M | 9.5M | 12M | 23M | 20M | 14M | 12M | 12M |
| Per Share Data | |||||||||||||
| EPS | 0.60 | 0.40 | 0.19 | -1.35 | -0.05 | -1.05 | 0.10 | -0.55 | -17.12 | -0.65 | 2.25 | 3.44 | 3.44 |
| Owner EPS | 1.28 | -1.35 | 0.70 | -1.17 | 1.11 | -1.53 | 1.60 | -2.57 | -15.74 | -0.05 | 2.85 | 4.23 | 4.23 |
| Book Value | 12.29 | 13.38 | 2.53 | 11.92 | 7.11 | 9.27 | 12.18 | 10.55 | 29.64 | 6.21 | 8.03 | 11.36 | 11.36 |
| Cash Flow/Share | 1.47 | -1.13 | 0.76 | -0.85 | 1.36 | -0.99 | 2.29 | -2.04 | -13.25 | 0.48 | 3.44 | 4.94 | 3.89 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.38 | 2.99 | 0.00 | N/A | N/A | 0.00 |
| Shares Out. | 2.7M | 2.6M | 14.2M | 2.7M | 3.9M | 2.5M | 1.9M | 3.1M | 0.7M | 3.4M | 3.7M | 3.9M | 3.9M |
| Valuation | |||||||||||||
| P/E Ratio | 31.2 | 38.3 | N/A | N/A | N/A | N/A | 140.9 | N/A | N/A | N/A | 15.9 | N/A | 22.6 |
| P/FCF | 15.4 | N/A | N/A | N/A | 16.7 | N/A | 7.8 | N/A | N/A | N/A | 11.5 | N/A | 16.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | 22.1 | N/A | 20.9 | N/A | N/A | N/A | N/A | N/A | 17.8 |
| Price/Book | 1.5 | 1.1 | N/A | 1.3 | 2.3 | 1.6 | 1.2 | 1.2 | 2.7 | 2.0 | 4.5 | N/A | 6.9 |
| Price/Sales | N/A | N/A | N/A | 1.2 | 1.3 | 1.1 | 0.6 | 1.2 | 0.8 | 0.7 | 0.9 | N/A | 3.6 |
| FCF Yield | 6.5% | -10.1% | N/A | -7.2% | 6.0% | -13.7% | 12.8% | -22.3% | -20.1% | -1.1% | 8.7% | N/A | 6.0% |
| Market Cap | 51M | 40M | 0 | 41M | 65M | 36M | 27M | 39M | 54M | 43M | 133M | 0 | 307M |
| Avg. Price | 16.01 | 19.62 | 0.00 | 18.28 | 16.49 | 17.21 | 13.13 | 16.10 | 12.16 | 14.09 | 18.37 | 0.00 | 77.91 |
| Year-End Price | 18.70 | 15.31 | 0.00 | 15.13 | 16.65 | 14.38 | 14.09 | 11.52 | 15.20 | 12.60 | 35.78 | 0.00 | 77.91 |
BK Technologies Corp passes 3 of 9 quality checks, indicating weak fundamentals.
BK Technologies Corp trades at 23.4x trailing earnings, compared to its 15-year median P/E of 15.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 15.8x vs a median of 11.5x. The company's 5-year average gross margin is 34.4%. Total shareholder yield (buybacks) is 0.4%. At current prices, the estimated annualized return to fair value is +29.8%.
BK Technologies Corp (BKTI) has a net profit margin of 15.7%. This is a healthy margin.
BK Technologies Corp (BKTI) generated $18 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BK Technologies Corp (BKTI) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
BK Technologies Corp (BKTI) reported earnings per share (EPS) of $3.44 in its most recent fiscal year.
BK Technologies Corp (BKTI) has a return on equity (ROE) of 36.3%. This indicates the company generates strong returns for shareholders.
BK Technologies Corp (BKTI) has a 5-year average gross margin of 34.4%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for BK Technologies Corp (BKTI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BK Technologies Corp (BKTI) has a book value per share of $11.36, based on its most recent annual SEC filing.
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