KEYSIGHT TECHNOLOGIES IN (KEYS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KEYS - US49338L1035 - Common Stock
197.95 USD
+1.76 (+0.9%)
197.95 USD
0 (0%)
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. This makes KEYS very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year KEYS was profitable.
In the past year KEYS had a positive cash flow from operations.
KEYS had positive earnings in each of the past 5 years.
In the past 5 years KEYS always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.49%, KEYS belongs to the top of the industry, outperforming 86.40% of the companies in the same industry.
With an excellent Return On Equity value of 14.40%, KEYS belongs to the best of the industry, outperforming 80.80% of the companies in the same industry.
With a decent Return On Invested Capital value of 7.02%, KEYS is doing good in the industry, outperforming 70.40% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KEYS is in line with the industry average of 9.09%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.49% | ||
| ROE | 14.4% | ||
| ROIC | 7.02% |
ROA(3y)8.76%
ROA(5y)10.33%
ROE(3y)16.38%
ROE(5y)19.95%
ROIC(3y)10.18%
ROIC(5y)11.65%
1.3 Margins
With an excellent Profit Margin value of 15.74%, KEYS belongs to the best of the industry, outperforming 92.80% of the companies in the same industry.
KEYS's Profit Margin has been stable in the last couple of years.
KEYS has a better Operating Margin (16.30%) than 91.20% of its industry peers.
In the last couple of years the Operating Margin of KEYS has remained more or less at the same level.
KEYS's Gross Margin of 62.08% 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 | 16.3% | ||
| PM (TTM) | 15.74% | ||
| GM | 62.08% |
OM growth 3Y-12.84%
OM growth 5Y-1.26%
PM growth 3Y-8.78%
PM growth 5Y1.16%
GM growth 3Y-0.83%
GM growth 5Y0.68%
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.
KEYS has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, KEYS has less shares outstanding
The debt/assets ratio for KEYS is higher compared to a year ago.
2.2 Solvency
KEYS has an Altman-Z score of 5.64. This indicates that KEYS is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.64, KEYS is in the better half of the industry, outperforming 77.60% of the companies in the same industry.
KEYS has a debt to FCF ratio of 1.98. This is a very positive value and a sign of high solvency as it would only need 1.98 years to pay back of all of its debts.
KEYS has a Debt to FCF ratio of 1.98. This is in the better half of the industry: KEYS outperforms 77.60% of its industry peers.
KEYS has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.43, KEYS is doing worse than 66.40% of the companies in the same industry.
Although KEYS does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 1.98 | ||
| Altman-Z | 5.64 |
ROIC/WACC0.8
WACC8.72%
2.3 Liquidity
KEYS has a Current Ratio of 2.35. This indicates that KEYS is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of KEYS (2.35) is comparable to the rest of the industry.
A Quick Ratio of 1.78 indicates that KEYS should not have too much problems paying its short term obligations.
KEYS's Quick ratio of 1.78 is in line compared to the rest of the industry. KEYS outperforms 53.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.35 | ||
| Quick Ratio | 1.78 |
3. Growth
3.1 Past
KEYS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.22%, which is quite good.
KEYS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.07% yearly.
The Revenue has been growing slightly by 7.95% in the past year.
Measured over the past years, KEYS shows a small growth in Revenue. The Revenue has been growing by 4.95% on average per year.
EPS 1Y (TTM)14.22%
EPS 3Y-2.14%
EPS 5Y8.07%
EPS Q2Q%15.76%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%10.26%
3.2 Future
The Earnings Per Share is expected to grow by 12.90% on average over the next years. This is quite good.
KEYS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.24% yearly.
EPS Next Y12.09%
EPS Next 2Y12.47%
EPS Next 3Y11.78%
EPS Next 5Y12.9%
Revenue Next Year6.33%
Revenue Next 2Y6.32%
Revenue Next 3Y7.4%
Revenue Next 5Y6.24%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 27.69, KEYS can be considered very expensive at the moment.
Based on the Price/Earnings ratio, KEYS is valued a bit cheaper than the industry average as 64.80% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of KEYS to the average of the S&P500 Index (26.31), we can say KEYS is valued inline with the index average.
The Price/Forward Earnings ratio is 24.70, which indicates a rather expensive current valuation of KEYS.
Based on the Price/Forward Earnings ratio, KEYS is valued a bit cheaper than 60.80% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.56. KEYS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.69 | ||
| Fwd PE | 24.7 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KEYS is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, KEYS is valued a bit cheaper than the industry average as 72.80% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.56 | ||
| EV/EBITDA | 30.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of KEYS may justify a higher PE ratio.
PEG (NY)2.29
PEG (5Y)3.43
EPS Next 2Y12.47%
EPS Next 3Y11.78%
5. Dividend
5.1 Amount
KEYS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
197.95
+1.76 (+0.9%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners90.93%
Inst Owner Change13.84%
Ins Owners0.5%
Ins Owner Change3.36%
Market Cap34.02B
Revenue(TTM)5.38B
Net Income(TTM)846.00M
Analysts78.95
Price Target196.88 (-0.54%)
Short Float %2.23%
Short Ratio3.38
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)1.55%
Min EPS beat(2)0.93%
Max EPS beat(2)2.17%
EPS beat(4)4
Avg EPS beat(4)2.5%
Min EPS beat(4)0.93%
Max EPS beat(4)5.63%
EPS beat(8)7
Avg EPS beat(8)3.45%
EPS beat(12)11
Avg EPS beat(12)4.22%
EPS beat(16)15
Avg EPS beat(16)4.86%
Revenue beat(2)2
Avg Revenue beat(2)0.55%
Min Revenue beat(2)0.5%
Max Revenue beat(2)0.6%
Revenue beat(4)3
Avg Revenue beat(4)0.35%
Min Revenue beat(4)-0.31%
Max Revenue beat(4)0.61%
Revenue beat(8)4
Avg Revenue beat(8)-0.06%
Revenue beat(12)5
Avg Revenue beat(12)-0.38%
Revenue beat(16)8
Avg Revenue beat(16)-0.18%
PT rev (1m)2.82%
PT rev (3m)2.9%
EPS NQ rev (1m)-1.28%
EPS NQ rev (3m)-1.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.09%
Revenue NQ rev (1m)4.29%
Revenue NQ rev (3m)4.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.69 | ||
| Fwd PE | 24.7 | ||
| P/S | 6.33 | ||
| P/FCF | 26.56 | ||
| P/OCF | 24.14 | ||
| P/B | 5.79 | ||
| P/tB | 29.4 | ||
| EV/EBITDA | 30.1 |
EPS(TTM)7.15
EY3.61%
EPS(NY)8.01
Fwd EY4.05%
FCF(TTM)7.45
FCFY3.77%
OCF(TTM)8.2
OCFY4.14%
SpS31.28
BVpS34.2
TBVpS6.73
PEG (NY)2.29
PEG (5Y)3.43
Graham Number74.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.49% | ||
| ROE | 14.4% | ||
| ROCE | 9.28% | ||
| ROIC | 7.02% | ||
| ROICexc | 8.75% | ||
| ROICexgc | 23.25% | ||
| OM | 16.3% | ||
| PM (TTM) | 15.74% | ||
| GM | 62.08% | ||
| FCFM | 23.83% |
ROA(3y)8.76%
ROA(5y)10.33%
ROE(3y)16.38%
ROE(5y)19.95%
ROIC(3y)10.18%
ROIC(5y)11.65%
ROICexc(3y)14.62%
ROICexc(5y)16.81%
ROICexgc(3y)29.1%
ROICexgc(5y)30.96%
ROCE(3y)13.46%
ROCE(5y)15.4%
ROICexgc growth 3Y-12.8%
ROICexgc growth 5Y0.81%
ROICexc growth 3Y-26.12%
ROICexc growth 5Y-7.11%
OM growth 3Y-12.84%
OM growth 5Y-1.26%
PM growth 3Y-8.78%
PM growth 5Y1.16%
GM growth 3Y-0.83%
GM growth 5Y0.68%
F-Score5
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 1.98 | ||
| Debt/EBITDA | 2.2 | ||
| Cap/Depr | 46.38% | ||
| Cap/Sales | 2.38% | ||
| Interest Coverage | 11.38 | ||
| Cash Conversion | 122.31% | ||
| Profit Quality | 151.42% | ||
| Current Ratio | 2.35 | ||
| Quick Ratio | 1.78 | ||
| Altman-Z | 5.64 |
F-Score5
WACC8.72%
ROIC/WACC0.8
Cap/Depr(3y)65.29%
Cap/Depr(5y)67.64%
Cap/Sales(3y)3.02%
Cap/Sales(5y)3.2%
Profit Quality(3y)137.45%
Profit Quality(5y)125.21%
High Growth Momentum
Growth
EPS 1Y (TTM)14.22%
EPS 3Y-2.14%
EPS 5Y8.07%
EPS Q2Q%15.76%
EPS Next Y12.09%
EPS Next 2Y12.47%
EPS Next 3Y11.78%
EPS Next 5Y12.9%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%10.26%
Revenue Next Year6.33%
Revenue Next 2Y6.32%
Revenue Next 3Y7.4%
Revenue Next 5Y6.24%
EBIT growth 1Y5.16%
EBIT growth 3Y-13.08%
EBIT growth 5Y3.63%
EBIT Next Year23.56%
EBIT Next 3Y14.31%
EBIT Next 5YN/A
FCF growth 1Y42.65%
FCF growth 3Y10.13%
FCF growth 5Y7.34%
OCF growth 1Y33.94%
OCF growth 3Y7.19%
OCF growth 5Y6.76%
KEYSIGHT TECHNOLOGIES IN / KEYS FAQ
Can you provide the ChartMill fundamental rating for KEYSIGHT TECHNOLOGIES IN?
ChartMill assigns a fundamental rating of 6 / 10 to KEYS.
Can you provide the valuation status for KEYSIGHT TECHNOLOGIES IN?
ChartMill assigns a valuation rating of 4 / 10 to KEYSIGHT TECHNOLOGIES IN (KEYS). This can be considered as Fairly Valued.
What is the profitability of KEYS stock?
KEYSIGHT TECHNOLOGIES IN (KEYS) has a profitability rating of 8 / 10.
How financially healthy is KEYSIGHT TECHNOLOGIES IN?
The financial health rating of KEYSIGHT TECHNOLOGIES IN (KEYS) is 7 / 10.