A Business at a Glance
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STRATTEC SECURITY CORP
STRT
$350M
Mkt Cap
$85.78
-0.05%
STRATTEC SECURITY CORP (STRT) has a current P/E ratio of 13.0, compared to its historical median P/E of 11.1. The stock is currently considered Fair based on its historical valuation range.
STRATTEC SECURITY CORP (STRT) has a 5-year average return on invested capital (ROIC) of 6.9%. This is below average and may indicate limited pricing power.
STRATTEC SECURITY CORP (STRT) has a market capitalization of $359M. It is classified as a small-cap stock.
STRATTEC SECURITY CORP (STRT) does not currently pay a regular dividend.
Based on historical P/E analysis, STRATTEC SECURITY CORP (STRT) appears fair. The current P/E of 13.0 is 17% above its historical median of 11.1. The estimated fair value CAGR (P/E method) is 13.0%.
STRATTEC SECURITY CORP (STRT) operates in the Motor Vehicle Parts & Accessories industry, within the Consumer Cyclical sector.
STRATTEC SECURITY CORP (STRT) reported annual revenue of $565 million in its most recent fiscal year, based on SEC EDGAR filings.
Strattec, which has a history serving the automotive industry for over 100 years, was incorporated as a stand-alone company in 1995. Our Milwaukee, Wisconsin headquarters oversees operations in the United States and Mexico for a global customer base. Since the Company’s inception, we have partnered with our customers to design and manufacture highly engineered products and solutions creating a broad range of innovative automotive access products. While primarily focused on key North American automotive original equipment manufacturers (“OEM”), we also provide our products globally to customers in both OEM and aftermarket channels. We believe that our engineering expertise, ability to deliver customized solutions and our quality and delivery performance are key advantages that differentiate the Company from its competitors and allow us to be a premier partner to our customers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 586M | 565M | 538M | 493M | 452M | 485M |
| Net Income | 27M | 19M | 16M | -6.7M | 7.0M | 23M |
| EPS | $6.60 | $4.58 | $4.07 | $-1.70 | $1.79 | $5.85 |
| Free Cash Flow | 68M | 65M | 2.5M | -7.3M | -3.8M | 26M |
| ROIC | 17.4% | 10.5% | 7.7% | -3.4% | 4.4% | 15.4% |
| Gross Margin | 16.6% | 15.0% | 12.2% | 8.6% | 12.4% | 16.2% |
| Debt/Equity | 0.00 | 0.04 | 0.06 | 0.07 | 0.06 | 0.07 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 31M | 23M | 18M | -6.1M | 8.9M | 34M |
| Operating Margin | 5.3% | 4.0% | 3.3% | -1.2% | 2.0% | 7.0% |
| ROE | 11.5% | 8.9% | 8.1% | -3.6% | 3.7% | 12.4% |
| Shares Outstanding | 4M | 4M | 4M | 4M | 4M | 4M |
| Metric | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 417M | 439M | 487M | 385M | 485M | 452M | 493M | 538M | 565M | 586M |
| Gross Margin | 14.6% | 12.4% | 11.9% | 9.2% | 16.2% | 12.4% | 8.6% | 12.2% | 15.0% | 16.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 15M | 13M | 11M | -8.7M | 34M | 8.9M | -6.1M | 18M | 23M | 31M |
| Op. Margin | 3.6% | 3.0% | 2.2% | -2.2% | 7.0% | 2.0% | -1.2% | 3.3% | 4.0% | 5.3% |
| Net Income | 7.2M | 12M | -17M | -7.6M | 23M | 7.0M | -6.7M | 16M | 19M | 27M |
| Net Margin | 1.7% | 2.8% | -3.5% | -2.0% | 4.6% | 1.6% | -1.4% | 3.0% | 3.3% | 4.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||||
| ROIC | 5.4% | 5.5% | 5.4% | -4.1% | 15.4% | 4.4% | -3.4% | 7.7% | 10.5% | 17.4% |
| ROE | 4.8% | 7.6% | -10.4% | -5.0% | 12.4% | 3.7% | -3.6% | 8.1% | 8.9% | 11.5% |
| ROA | 2.6% | 4.0% | -5.4% | -2.9% | 7.3% | 2.2% | -2.0% | 4.5% | 4.9% | 6.9% |
| Cash Flow | ||||||||||
| Op. Cash Flow | 23M | 6.9M | 30M | 25M | 35M | 10M | 10M | 12M | 72M | 76M |
| Free Cash Flow | -14M | -17M | 12M | 13M | 26M | -3.8M | -7.3M | 2.5M | 65M | 68M |
| Owner Earnings | 10M | -8.8M | 12M | 5.1M | 14M | -10M | -8.9M | -5.7M | 54M | 59M |
| CapEx | 37M | 24M | 17M | 12M | 8.9M | 14M | 17M | 9.8M | 7.2M | 8.3M |
| Maint. CapEx | 11M | 15M | 17M | 19M | 20M | 19M | 17M | 17M | 15M | 15M |
| Growth CapEx | 26M | 9.5M | 294K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 11M | 15M | 17M | 19M | 20M | 19M | 17M | 17M | 15M | 15M |
| CapEx/OCF | 159.9% | 347.8% | 58.3% | 48.7% | 25.4% | 136.0% | 172.1% | 79.8% | 10.0% | 10.9% |
| Capital Allocation | ||||||||||
| Dividends Paid | 2.0M | 2.0M | 2.1M | 1.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 1.6% | 1.5% | 1.9% | 2.1% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.5M | 1.1M | 1.1M | 996K | 972K | 1.1M | 1.5M | 1.5M | 2.7M | 2.7M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||||
| Net Debt | 22M | 43M | 34M | 23M | -2.5M | 2.2M | -7.6M | -12M | -77M | -99M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 99M |
| Long-Term Debt | 30M | 51M | 42M | 35M | 12M | 11M | 13M | 13M | 8.0M | 8.0M |
| Debt/Equity | 0.20 | 0.31 | 0.26 | 0.23 | 0.07 | 0.06 | 0.07 | 0.06 | 0.04 | 0.00 |
| Interest Coverage | 35.6 | 11.7 | 6.6 | -9.4 | 112.3 | 40.3 | -6.3 | 19.8 | 22.6 | 22.6 |
| Equity | 151M | 162M | 163M | 152M | 182M | 188M | 185M | 201M | 222M | 237M |
| Total Assets | 274M | 307M | 313M | 266M | 311M | 319M | 341M | 364M | 391M | 392M |
| Total Liabilities | 123M | 145M | 149M | 113M | 129M | 131M | 156M | 139M | 145M | 129M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 226M | 236M | 221M | 212M | 234M | 241M | 234M | 251M | 269M | 269M |
| Working Capital | 61M | 82M | 77M | 77M | 97M | 107M | 117M | 136M | 171M | 171M |
| Current Assets | 129M | 151M | 157M | 125M | 175M | 188M | 226M | 254M | 290M | 290M |
| Current Liabilities | 68M | 69M | 79M | 48M | 78M | 82M | 109M | 118M | 119M | 119M |
| Per Share Data | ||||||||||
| EPS | 1.96 | 3.32 | -4.63 | -2.04 | 5.85 | 1.79 | -1.70 | 4.07 | 4.58 | 6.60 |
| Owner EPS | 2.78 | -2.37 | 3.17 | 1.37 | 3.74 | -2.57 | -2.26 | -1.43 | 13.28 | 14.02 |
| Book Value | 41.15 | 43.83 | 44.42 | 40.83 | 47.16 | 48.07 | 47.14 | 50.03 | 54.32 | 56.65 |
| Cash Flow/Share | 6.30 | 1.88 | 8.14 | 6.82 | 9.13 | 2.66 | 2.57 | 3.06 | 17.57 | 10.03 |
| Dividends/Share | 0.55 | 0.55 | 0.56 | 0.42 | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 3.7M | 3.7M | 3.7M | 3.7M | 3.9M | 3.9M | 3.9M | 4.0M | 4.1M | 4.2M |
| Valuation | ||||||||||
| P/E Ratio | 17.6 | 8.9 | N/A | N/A | 7.7 | 19.0 | N/A | 6.1 | 13.3 | 13.0 |
| P/FCF | N/A | N/A | 7.0 | 4.7 | 6.6 | N/A | N/A | 40.5 | 3.9 | 5.3 |
| EV/EBIT | 10.0 | 11.5 | 11.4 | N/A | 5.0 | 15.3 | N/A | 4.9 | 7.6 | 8.4 |
| Price/Book | 0.8 | 0.7 | 0.5 | 0.4 | 1.0 | 0.7 | 0.4 | 0.5 | 1.1 | 1.5 |
| Price/Sales | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.6 |
| FCF Yield | -11.0% | -15.6% | 14.4% | 21.3% | 15.1% | -2.8% | -10.6% | 2.5% | 25.9% | 18.9% |
| Market Cap | 126M | 110M | 87M | 61M | 173M | 134M | 69M | 100M | 249M | 359M |
| Avg. Price | 33.98 | 36.44 | 30.10 | 19.62 | 38.55 | 38.05 | 23.51 | 23.59 | 40.01 | 85.78 |
| Year-End Price | 34.43 | 29.71 | 23.62 | 16.39 | 45.00 | 34.07 | 17.50 | 25.00 | 61.02 | 85.78 |
STRATTEC SECURITY CORP passes 2 of 9 quality checks, indicating weak fundamentals.
STRATTEC SECURITY CORP trades at 13.0x trailing earnings, compared to its 15-year median P/E of 11.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 5.3x vs a median of 6.6x. The company's 5-year average ROIC is 6.9% with a gross margin of 12.9%. At current prices, the estimated annualized return to fair value is +9.5%.
STRATTEC SECURITY CORP (STRT) has a net profit margin of 3.3%. This is a modest margin.
STRATTEC SECURITY CORP (STRT) generated $65 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
STRATTEC SECURITY CORP (STRT) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
STRATTEC SECURITY CORP (STRT) reported earnings per share (EPS) of $4.58 in its most recent fiscal year.
STRATTEC SECURITY CORP (STRT) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
STRATTEC SECURITY CORP (STRT) has a 5-year average gross margin of 12.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 9 years of financial data for STRATTEC SECURITY CORP (STRT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
STRATTEC SECURITY CORP (STRT) has a book value per share of $54.32, based on its most recent annual SEC filing.
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