A Business at a Glance
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FRANKLIN ELECTRIC CO INC
FELE
$4.8B
Mkt Cap
$105.59
+0.01%
FRANKLIN ELECTRIC CO INC (FELE) has a current P/E ratio of 32.8, compared to its historical median P/E of 25.2. The stock is currently considered Expensive based on its historical valuation range.
FRANKLIN ELECTRIC CO INC (FELE) has a 5-year average return on invested capital (ROIC) of 16.6%. This indicates strong capital allocation and a potential competitive advantage.
FRANKLIN ELECTRIC CO INC (FELE) has a market capitalization of $4.7B. It is classified as a mid-cap stock.
Yes, FRANKLIN ELECTRIC CO INC (FELE) pays a dividend with a trailing twelve-month yield of 1.06%. The company also returns capital through share buybacks, with a buyback yield of 3.69%.
Based on historical P/E analysis, FRANKLIN ELECTRIC CO INC (FELE) appears expensive. The current P/E of 32.8 is 30% above its historical median of 25.2. The estimated fair value CAGR (P/E method) is 11.9%.
FRANKLIN ELECTRIC CO INC (FELE) operates in the Motors & Generators industry, within the Industrials sector.
Description of the Business Franklin Electric Co., Inc. (“Franklin Electric” or the “Company”) is an Indiana corporation founded in 1944 and incorporated in 1946. Named after America’s pioneer electrical engineer, Benjamin Franklin, Franklin Electric manufactured the first water-lubricated submersible motor for water systems and the first submersible motor for fueling systems. With 2025 revenue of approximately $2.1 billion, the Company designs, manufactures and distributes water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. The Company’s water pumping systems move fresh and wastewater for the residential, agricultural and other industrial end markets. The Company also sells various groundwater equipment products to well installation contractors, including water pumping systems, through its and third-party distribution branches located in the U.S.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.2B | 2.1B | 2.0B | 2.1B | 2.0B | 1.7B |
| Net Income | 150M | 147M | 180M | 193M | 187M | 153M |
| EPS | $3.38 | $3.22 | $3.86 | $4.11 | $3.97 | $3.25 |
| Free Cash Flow | 169M | 194M | 220M | 274M | 60M | 100M |
| ROIC | 14.0% | 16.0% | 16.0% | 17.2% | 17.7% | 16.2% |
| Gross Margin | 35.2% | 35.5% | 35.5% | 33.8% | 33.8% | 34.7% |
| Debt/Equity | 0.17 | 0.13 | 0.10 | 0.08 | 0.20 | 0.20 |
| Dividends/Share | $1.12 | $1.10 | $1.01 | $0.89 | $0.79 | $0.71 |
| Operating Income | 273M | 269M | 244M | 262M | 257M | 189M |
| Operating Margin | 12.5% | 12.6% | 12.1% | 12.7% | 12.6% | 11.4% |
| ROE | 11.2% | 11.3% | 14.5% | 16.9% | 18.5% | 17.1% |
| Shares Outstanding | 44M | 45M | 47M | 47M | 47M | 47M |
| Metric | 2016 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 965M | 1.0B | 950M | 1.1B | 1.3B | 1.3B | 1.2B | 1.7B | 2.0B | 2.1B | 2.0B | 2.1B | 2.2B |
| Gross Margin | 34.3% | 32.9% | 34.9% | 33.5% | 33.3% | 32.6% | 34.7% | 34.7% | 33.8% | 33.8% | 35.5% | 35.5% | 35.2% |
| R&D | 17M | 19M | 22M | 21M | 22M | 21M | 22M | 17M | 17M | 18M | 22M | 20M | 20M |
| SG&A | 204M | 228M | 220M | 265M | 299M | 298M | 300M | 386M | 432M | 433M | 470M | 486M | 490M |
| EBIT | 124M | 100M | 112M | 107M | 132M | 127M | 131M | 189M | 257M | 262M | 244M | 269M | 273M |
| Op. Margin | 12.8% | 9.6% | 11.8% | 9.5% | 10.2% | 9.7% | 10.5% | 11.4% | 12.6% | 12.7% | 12.1% | 12.6% | 12.5% |
| Net Income | 82M | 68M | 77M | 78M | 105M | 95M | 100M | 153M | 187M | 193M | 180M | 147M | 150M |
| Net Margin | 8.5% | 6.5% | 8.1% | 6.9% | 8.1% | 7.2% | 8.0% | 9.2% | 9.1% | 9.3% | 8.9% | 6.9% | 6.9% |
| Non-Recurring | 4.7M | 15M | 1.3M | 5.9M | 2.0M | 3.4M | 3.7M | 890K | 3.5M | 1.3M | 4.0M | 2.9M | 4.4M |
| Returns on Capital | |||||||||||||
| ROIC | 15.1% | 10.6% | 12.5% | 10.3% | 13.3% | 11.9% | 12.6% | 16.2% | 17.7% | 17.2% | 16.0% | 16.0% | 14.0% |
| ROE | 14.8% | 11.4% | 13.1% | 11.8% | 14.7% | 12.4% | 12.1% | 17.1% | 18.5% | 16.9% | 14.5% | 11.3% | 11.2% |
| ROA | 8.1% | 6.3% | 7.6% | 7.0% | 8.9% | 8.0% | 8.1% | 10.7% | 11.4% | 11.3% | 10.1% | 7.8% | 7.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 98M | 47M | 115M | 67M | 128M | 178M | 212M | 130M | 102M | 316M | 261M | 239M | 217M |
| Free Cash Flow | 31M | 12M | 76M | 33M | 106M | 156M | 189M | 100M | 60M | 274M | 220M | 194M | 169M |
| Owner Earnings | 62M | 2.7M | 73M | 21M | 81M | 132M | 165M | 73M | 40M | 253M | 193M | 163M | 141M |
| CapEx | 68M | 36M | 39M | 33M | 22M | 22M | 23M | 30M | 42M | 41M | 42M | 45M | 48M |
| Maint. CapEx | 31M | 37M | 36M | 39M | 39M | 37M | 36M | 45M | 50M | 52M | 56M | 63M | 65M |
| Growth CapEx | 36M | 0 | 3.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 31M | 37M | 36M | 39M | 39M | 37M | 36M | 45M | 50M | 52M | 56M | 63M | 65M |
| CapEx/OCF | 68.7% | 75.0% | 26.3% | 50.2% | 17.5% | 12.3% | 10.8% | 23.2% | 41.2% | 13.1% | 15.9% | 19.0% | 22.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 15M | 17M | 19M | 20M | 23M | 28M | 30M | 33M | 37M | 42M | 47M | 50M | 49M |
| Dividend Yield | 1.0% | 1.2% | 1.3% | 1.1% | 1.2% | 1.3% | 1.2% | 0.9% | 1.0% | 1.0% | 1.0% | 1.2% | 1.1% |
| Share Buybacks | 12M | 11M | 7.4M | 3.6M | 34M | 11M | 20M | 26M | 40M | 43M | 61M | 166M | 172M |
| Buyback Yield | 0.6% | 0.9% | 2.9% | 0.2% | 1.8% | 0.4% | 0.6% | 0.6% | 1.1% | 1.0% | 1.4% | 3.7% | 3.7% |
| Stock-Based Comp | 4.9M | 7.5M | 6.9M | 7.1M | 8.4M | 9.0M | 10M | 12M | 11M | 10M | 12M | 13M | 12M |
| Debt Repayment | 45M | 117M | 95M | 191M | 252M | 355M | 139M | 227M | 449M | 559M | 281M | 582M | 582M |
| Balance Sheet | |||||||||||||
| Net Debt | 55M | 152M | 86M | 159M | 147M | 78M | -4.3M | 148M | 170M | 15M | -91M | 67M | 144M |
| Cash & Equiv. | 135M | 59M | 104M | 67M | 59M | 64M | 131M | 41M | 46M | 85M | 221M | 100M | 80M |
| Long-Term Debt | 174M | 177M | 157M | 126M | 94M | 93M | 92M | 91M | 89M | 88M | 129M | 135M | 134M |
| Debt/Equity | 0.32 | 0.35 | 0.31 | 0.32 | 0.28 | 0.18 | 0.15 | 0.20 | 0.20 | 0.08 | 0.10 | 0.13 | 0.17 |
| Interest Coverage | 11.7 | 9.3 | 12.8 | 10.4 | 13.4 | 15.4 | 28.2 | 36.4 | 22.3 | 22.3 | 38.6 | 25.3 | 24.5 |
| Equity | 596M | 597M | 613M | 701M | 734M | 797M | 848M | 947M | 1.1B | 1.2B | 1.3B | 1.3B | 1.3B |
| Total Assets | 1.1B | 1.1B | 1.0B | 1.2B | 1.2B | 1.2B | 1.3B | 1.6B | 1.7B | 1.7B | 1.8B | 1.9B | 2.0B |
| Total Liabilities | 454M | 479M | 425M | 483M | 447M | 396M | 422M | 627M | 624M | 519M | 552M | 619M | -18M |
| Intangibles | 149M | 160M | 135M | 131M | 135M | 131M | 134M | 250M | 231M | 230M | 213M | 252M | 247M |
| Retained Earnings | 451M | 493M | 550M | 605M | 655M | 712M | 765M | 860M | 969M | 1.1B | 1.2B | 1.1B | 1.1B |
| Working Capital | 334M | 268M | 326M | 343M | 324M | 382M | 416M | 329M | 452M | 567M | 530M | 615M | 636M |
| Current Assets | 472M | 470M | 484M | 589M | 580M | 567M | 619M | 725M | 858M | 854M | 964M | 959M | 1.0B |
| Current Liabilities | 138M | 201M | 158M | 246M | 256M | 186M | 204M | 396M | 406M | 287M | 434M | 344M | 380M |
| Per Share Data | |||||||||||||
| EPS | 1.68 | 1.41 | 1.65 | 1.65 | 2.23 | 2.03 | 2.14 | 3.25 | 3.97 | 4.11 | 3.86 | 3.22 | 3.38 |
| Owner EPS | 1.27 | 0.06 | 1.56 | 0.45 | 1.73 | 2.82 | 3.54 | 1.56 | 0.86 | 5.41 | 4.15 | 3.58 | 3.18 |
| Book Value | 12.21 | 12.34 | 13.15 | 14.90 | 15.57 | 17.06 | 18.18 | 20.11 | 22.72 | 25.75 | 27.21 | 29.07 | 30.34 |
| Cash Flow/Share | 2.01 | 0.98 | 2.47 | 1.42 | 2.73 | 3.80 | 4.54 | 2.76 | 2.16 | 6.74 | 5.62 | 5.25 | 4.86 |
| Dividends/Share | 0.31 | 0.35 | 0.40 | 0.42 | 0.47 | 0.58 | 0.64 | 0.71 | 0.79 | 0.89 | 1.01 | 1.10 | 1.12 |
| Shares Out. | 48.8M | 48.4M | 46.7M | 47.0M | 47.1M | 46.7M | 46.6M | 47.1M | 47.0M | 46.9M | 46.5M | 45.5M | 44.2M |
| Valuation | |||||||||||||
| P/E Ratio | 23.8 | 17.8 | 23.3 | 25.4 | 17.7 | 26.3 | 31.1 | 27.7 | 19.2 | 23.1 | 25.0 | 30.7 | 31.2 |
| P/FCF | 63.6 | 102.9 | 21.4 | 59.4 | 17.5 | 16.0 | 16.4 | 42.5 | 59.9 | 16.3 | 20.5 | 23.3 | 27.5 |
| EV/EBIT | 15.3 | 13.4 | 19.0 | 20.3 | 15.7 | 19.8 | 22.7 | 23.6 | 15.0 | 16.8 | 17.7 | 16.8 | 17.6 |
| Price/Book | 3.3 | 2.1 | 2.8 | 2.8 | 2.6 | 3.2 | 3.7 | 4.5 | 3.4 | 3.7 | 3.6 | 3.4 | 3.5 |
| Price/Sales | 1.6 | 1.4 | 1.6 | 1.6 | 1.5 | 1.6 | 2.0 | 2.2 | 1.8 | 2.0 | 2.3 | 2.0 | 2.1 |
| FCF Yield | 1.6% | 0.9% | 4.5% | 1.7% | 5.7% | 6.2% | 6.1% | 2.3% | 1.7% | 6.1% | 4.9% | 4.3% | 3.6% |
| Market Cap | 2.0B | 1.2B | 1.7B | 2.0B | 1.9B | 2.5B | 3.1B | 4.3B | 3.6B | 4.5B | 4.5B | 4.5B | 4.7B |
| Avg. Price | 31.57 | 29.22 | 31.21 | 38.08 | 41.35 | 45.63 | 53.67 | 78.14 | 79.10 | 89.91 | 98.85 | 93.50 | 105.59 |
| Year-End Price | 40.05 | 25.16 | 35.01 | 41.99 | 39.47 | 53.35 | 66.52 | 90.00 | 76.20 | 95.13 | 96.59 | 98.94 | 105.59 |
FRANKLIN ELECTRIC CO INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
FRANKLIN ELECTRIC CO INC trades at 32.8x trailing earnings, compared to its 15-year median P/E of 25.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 24.1x vs a median of 20.9x. The company's 5-year average ROIC is 16.6% with a gross margin of 34.6%. Total shareholder yield (dividends + buybacks) is 4.7%. At current prices, the estimated annualized return to fair value is +9.7%.
FRANKLIN ELECTRIC CO INC (FELE) reported annual revenue of $2.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
FRANKLIN ELECTRIC CO INC (FELE) has a net profit margin of 6.9%. This is a modest margin.
FRANKLIN ELECTRIC CO INC (FELE) generated $194 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FRANKLIN ELECTRIC CO INC (FELE) has a debt-to-equity ratio of 0.13. This indicates a conservatively financed balance sheet.
FRANKLIN ELECTRIC CO INC (FELE) reported earnings per share (EPS) of $3.22 in its most recent fiscal year.
FRANKLIN ELECTRIC CO INC (FELE) has a return on equity (ROE) of 11.3%. This indicates moderate shareholder returns.
FRANKLIN ELECTRIC CO INC (FELE) has a 5-year average gross margin of 34.6%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for FRANKLIN ELECTRIC CO INC (FELE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FRANKLIN ELECTRIC CO INC (FELE) has a book value per share of $29.07, based on its most recent annual SEC filing.