KEYSIGHT TECHNOLOGIES IN (KEYS) Stock Fundamental Analysis
USA - NYSE:KEYS - US49338L1035 - Common Stock
172.18 USD
+0.42 (+0.24%)
Overall KEYS gets a fundamental rating of 6 out of 10. We evaluated KEYS against 125 industry peers in the Electronic Equipment, Instruments & Components industry. KEYS scores excellent points on both the profitability and health parts. This is a solid base for a good stock. KEYS has a decent growth rate and is not valued too expensively. These ratings would make KEYS suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year KEYS was profitable.
KEYS had a positive operating cash flow in the past year.
Each year in the past 5 years KEYS has been profitable.
Each year in the past 5 years KEYS had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.11%, KEYS is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
KEYS's Return On Equity of 9.59% is fine compared to the rest of the industry. KEYS outperforms 73.60% of its industry peers.
KEYS has a better Return On Invested Capital (7.28%) than 72.80% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KEYS is above the industry average of 9.48%.
The 3 year average ROIC (12.66%) for KEYS is well above the current ROIC(7.28%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.11% | ||
| ROE | 9.59% | ||
| ROIC | 7.28% |
ROA(3y)10.89%
ROA(5y)10.57%
ROE(3y)20.58%
ROE(5y)20.88%
ROIC(3y)12.66%
ROIC(5y)11.86%
1.3 Margins
Looking at the Profit Margin, with a value of 10.38%, KEYS belongs to the top of the industry, outperforming 85.60% of the companies in the same industry.
KEYS's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 16.96%, KEYS belongs to the best of the industry, outperforming 91.20% of the companies in the same industry.
KEYS's Operating Margin has been stable in the last couple of years.
KEYS's Gross Margin of 62.37% is amongst the best of the industry. KEYS outperforms 94.40% of its industry peers.
KEYS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.96% | ||
| PM (TTM) | 10.38% | ||
| GM | 62.37% |
OM growth 3Y-8.53%
OM growth 5Y0.25%
PM growth 3Y-12%
PM growth 5Y-3.1%
GM growth 3Y0.43%
GM growth 5Y1.33%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KEYS is creating some value.
The number of shares outstanding for KEYS has been reduced compared to 1 year ago.
The number of shares outstanding for KEYS has been reduced compared to 5 years ago.
The debt/assets ratio for KEYS has been reduced compared to a year ago.
2.2 Solvency
KEYS has an Altman-Z score of 5.68. This indicates that KEYS is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 5.68, KEYS is doing good in the industry, outperforming 77.60% of the companies in the same industry.
KEYS has a debt to FCF ratio of 1.79. This is a very positive value and a sign of high solvency as it would only need 1.79 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.79, KEYS is doing good in the industry, outperforming 78.40% of the companies in the same industry.
A Debt/Equity ratio of 0.45 indicates that KEYS is not too dependend on debt financing.
The Debt to Equity ratio of KEYS (0.45) is worse than 66.40% of its industry peers.
Even though the debt/equity ratio score it not favorable for KEYS, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 1.79 | ||
| Altman-Z | 5.68 |
ROIC/WACC0.79
WACC9.18%
2.3 Liquidity
KEYS has a Current Ratio of 3.59. This indicates that KEYS is financially healthy and has no problem in meeting its short term obligations.
KEYS has a Current ratio of 3.59. This is in the better half of the industry: KEYS outperforms 72.80% of its industry peers.
A Quick Ratio of 2.94 indicates that KEYS has no problem at all paying its short term obligations.
KEYS has a better Quick ratio (2.94) than 74.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.59 | ||
| Quick Ratio | 2.94 |
3. Growth
3.1 Past
KEYS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.39%.
KEYS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.77% yearly.
Looking at the last year, KEYS shows a small growth in Revenue. The Revenue has grown by 4.80% in the last year.
The Revenue has been growing slightly by 2.96% on average over the past years.
EPS 1Y (TTM)4.39%
EPS 3Y0.16%
EPS 5Y5.77%
EPS Q2Q%9.55%
Revenue 1Y (TTM)4.8%
Revenue growth 3Y0.26%
Revenue growth 5Y2.96%
Sales Q2Q%11.09%
3.2 Future
KEYS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.16% yearly.
The Revenue is expected to grow by 6.56% on average over the next years.
EPS Next Y15.2%
EPS Next 2Y13.2%
EPS Next 3Y13.18%
EPS Next 5Y13.16%
Revenue Next Year7.84%
Revenue Next 2Y7.09%
Revenue Next 3Y6.82%
Revenue Next 5Y6.56%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
KEYS is valuated rather expensively with a Price/Earnings ratio of 24.99.
Based on the Price/Earnings ratio, KEYS is valued a bit cheaper than the industry average as 72.00% of the companies are valued more expensively.
KEYS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.27.
Based on the Price/Forward Earnings ratio of 21.46, the valuation of KEYS can be described as rather expensive.
Based on the Price/Forward Earnings ratio, KEYS is valued a bit cheaper than 68.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of KEYS to the average of the S&P500 Index (22.77), we can say KEYS is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.99 | ||
| Fwd PE | 21.46 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as KEYS.
Based on the Price/Free Cash Flow ratio, KEYS is valued a bit cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.91 | ||
| EV/EBITDA | 25.4 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
KEYS has an outstanding profitability rating, which may justify a higher PE ratio.
KEYS's earnings are expected to grow with 13.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.64
PEG (5Y)4.33
EPS Next 2Y13.2%
EPS Next 3Y13.18%
5. Dividend
5.1 Amount
KEYS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NYSE:KEYS (9/16/2025, 1:04:43 PM)
172.18
+0.42 (+0.24%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners90.3%
Inst Owner Change-13.38%
Ins Owners0.5%
Ins Owner Change1.31%
Market Cap29.59B
Analysts81.11
Price Target191.48 (11.21%)
Short Float %1.65%
Short Ratio3.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.09%
Min EPS beat(2)0.93%
Max EPS beat(2)1.26%
EPS beat(4)4
Avg EPS beat(4)2.71%
Min EPS beat(4)0.93%
Max EPS beat(4)5.63%
EPS beat(8)7
Avg EPS beat(8)3.72%
EPS beat(12)11
Avg EPS beat(12)4.5%
EPS beat(16)15
Avg EPS beat(16)5.27%
Revenue beat(2)2
Avg Revenue beat(2)0.6%
Min Revenue beat(2)0.6%
Max Revenue beat(2)0.61%
Revenue beat(4)3
Avg Revenue beat(4)0.28%
Min Revenue beat(4)-0.31%
Max Revenue beat(4)0.61%
Revenue beat(8)3
Avg Revenue beat(8)-0.29%
Revenue beat(12)5
Avg Revenue beat(12)-0.32%
Revenue beat(16)7
Avg Revenue beat(16)-0.21%
PT rev (1m)0.4%
PT rev (3m)0.69%
EPS NQ rev (1m)0.85%
EPS NQ rev (3m)0.44%
EPS NY rev (1m)0.85%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0.5%
Revenue NQ rev (3m)0.5%
Revenue NY rev (1m)0.85%
Revenue NY rev (3m)0.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.99 | ||
| Fwd PE | 21.46 | ||
| P/S | 5.64 | ||
| P/FCF | 20.91 | ||
| P/OCF | 19.18 | ||
| P/B | 5.22 | ||
| P/tB | 10.89 | ||
| EV/EBITDA | 25.4 |
EPS(TTM)6.89
EY4%
EPS(NY)8.02
Fwd EY4.66%
FCF(TTM)8.23
FCFY4.78%
OCF(TTM)8.98
OCFY5.21%
SpS30.51
BVpS32.99
TBVpS15.81
PEG (NY)1.64
PEG (5Y)4.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.11% | ||
| ROE | 9.59% | ||
| ROCE | 9.78% | ||
| ROIC | 7.28% | ||
| ROICexc | 10.25% | ||
| ROICexgc | 18.9% | ||
| OM | 16.96% | ||
| PM (TTM) | 10.38% | ||
| GM | 62.37% | ||
| FCFM | 26.99% |
ROA(3y)10.89%
ROA(5y)10.57%
ROE(3y)20.58%
ROE(5y)20.88%
ROIC(3y)12.66%
ROIC(5y)11.86%
ROICexc(3y)18.63%
ROICexc(5y)17.31%
ROICexgc(3y)32.51%
ROICexgc(5y)30.28%
ROCE(3y)17.01%
ROCE(5y)15.93%
ROICexcg growth 3Y-13.95%
ROICexcg growth 5Y-2.26%
ROICexc growth 3Y-17.39%
ROICexc growth 5Y-4.86%
OM growth 3Y-8.53%
OM growth 5Y0.25%
PM growth 3Y-12%
PM growth 5Y-3.1%
GM growth 3Y0.43%
GM growth 5Y1.33%
F-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 1.79 | ||
| Debt/EBITDA | 2.19 | ||
| Cap/Depr | 47.58% | ||
| Cap/Sales | 2.44% | ||
| Interest Coverage | 11.7 | ||
| Cash Conversion | 133.25% | ||
| Profit Quality | 260.11% | ||
| Current Ratio | 3.59 | ||
| Quick Ratio | 2.94 | ||
| Altman-Z | 5.68 |
F-Score5
WACC9.18%
ROIC/WACC0.79
Cap/Depr(3y)77.48%
Cap/Depr(5y)65.55%
Cap/Sales(3y)3.36%
Cap/Sales(5y)3.28%
Profit Quality(3y)115.41%
Profit Quality(5y)123.61%
High Growth Momentum
Growth
EPS 1Y (TTM)4.39%
EPS 3Y0.16%
EPS 5Y5.77%
EPS Q2Q%9.55%
EPS Next Y15.2%
EPS Next 2Y13.2%
EPS Next 3Y13.18%
EPS Next 5Y13.16%
Revenue 1Y (TTM)4.8%
Revenue growth 3Y0.26%
Revenue growth 5Y2.96%
Sales Q2Q%11.09%
Revenue Next Year7.84%
Revenue Next 2Y7.09%
Revenue Next 3Y6.82%
Revenue Next 5Y6.56%
EBIT growth 1Y-3.37%
EBIT growth 3Y-8.29%
EBIT growth 5Y3.22%
EBIT Next Year21.37%
EBIT Next 3Y14.78%
EBIT Next 5YN/A
FCF growth 1Y16.75%
FCF growth 3Y-7.86%
FCF growth 5Y0.45%
OCF growth 1Y8.05%
OCF growth 3Y-7.33%
OCF growth 5Y1.06%