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Kimball Electronics (KE)



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Upturn Advisory Summary
06/17/2025: KE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $19.75
1 Year Target Price $19.75
3 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -35.68% | Avg. Invested days 26 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 468.84M USD | Price to earnings Ratio 27.08 | 1Y Target Price 19.75 |
Price to earnings Ratio 27.08 | 1Y Target Price 19.75 | ||
Volume (30-day avg) 4 | Beta 1.19 | 52 Weeks Range 12.41 - 24.45 | Updated Date 06/30/2025 |
52 Weeks Range 12.41 - 24.45 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.71 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.17% | Operating Margin (TTM) 5.19% |
Management Effectiveness
Return on Assets (TTM) 3.07% | Return on Equity (TTM) 3.3% |
Valuation
Trailing PE 27.08 | Forward PE - | Enterprise Value 595977780 | Price to Sales(TTM) 0.31 |
Enterprise Value 595977780 | Price to Sales(TTM) 0.31 | ||
Enterprise Value to Revenue 0.39 | Enterprise Value to EBITDA 7.34 | Shares Outstanding 24380400 | Shares Floating 24068813 |
Shares Outstanding 24380400 | Shares Floating 24068813 | ||
Percent Insiders 2.04 | Percent Institutions 78.97 |
Analyst Ratings
Rating 2 | Target Price 19.75 | Buy - | Strong Buy 3 |
Buy - | Strong Buy 3 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Kimball Electronics

Company Overview
History and Background
Kimball Electronics was founded in 1961 as part of Kimball International. It separated as an independent company in 2014. Originally focused on electronic assemblies for Kimball International's organs, it has diversified into various industries.
Core Business Areas
- Electronics Manufacturing Services (EMS): Provides design, manufacturing, and aftermarket services for electronic assemblies and circuit boards.
- Diversified Manufacturing Services: Offers manufacturing solutions for a wide range of industries, including automotive, medical, industrial, and public safety.
Leadership and Structure
Donald D. Charron is the Chairman and Chief Executive Officer. The company operates with a functional organizational structure, with various departments focusing on engineering, manufacturing, sales, and support.
Top Products and Market Share
Key Offerings
- Electronic Assemblies: Printed circuit board assemblies (PCBAs) and related electronic components are key products. Market share is not explicitly published, but KEL competes with other EMS providers in a fragmented market. Competitors include Jabil, Flex, and Sanmina.
- Automotive Electronics: Manufacturing electronic components for automotive systems, including infotainment, safety, and powertrain. The automotive EMS market is competitive, with established players and increasing demand for electric vehicle components. Competitors include Flex, Celestica, and Benchmark.
- Medical Devices: Electronic assemblies for medical devices, including diagnostic equipment and patient monitoring systems. This market is growing due to increasing healthcare spending and technological advancements. Competitors include Jabil, Sanmina, and Plexus.
Market Dynamics
Industry Overview
The EMS industry is characterized by outsourcing of manufacturing activities by OEMs. Key trends include increasing automation, supply chain diversification, and demand for advanced manufacturing capabilities.
Positioning
Kimball Electronics positions itself as a high-reliability EMS provider, focusing on specialized and complex manufacturing solutions. Its competitive advantages include its engineering expertise, quality control, and long-standing customer relationships.
Total Addressable Market (TAM)
The global EMS market is estimated to be worth hundreds of billions of dollars. Kimball Electronics is positioned to capture a portion of this TAM through its focus on specialized markets and customer relationships.
Upturn SWOT Analysis
Strengths
- Strong customer relationships
- Engineering expertise
- Focus on high-reliability manufacturing
- Diversified end markets
- Good track record
Weaknesses
- Smaller scale compared to larger EMS providers
- Dependence on key customers
- Exposure to cyclical industries
- Limited brand awareness compared to the larger players
Opportunities
- Expanding into new markets
- Acquiring smaller EMS providers
- Increasing automation and efficiency
- Capitalizing on the growth of electric vehicles and medical devices
Threats
- Economic downturns
- Intense competition
- Supply chain disruptions
- Technological changes
- Geopolitical Risks
Competitors and Market Share
Key Competitors
- JBL
- FLEX
- SANM
Competitive Landscape
Kimball Electronics competes with larger EMS providers on capabilities and customer service. It differentiates itself through specialized manufacturing and engineering expertise.
Major Acquisitions
Mexico Operations of IMI
- Year: 2023
- Acquisition Price (USD millions): 25.5
- Strategic Rationale: Expanded manufacturing presence in Mexico, providing additional capacity and capabilities to serve North American customers.
Growth Trajectory and Initiatives
Historical Growth: Kimball Electronics has historically grown through organic expansion and acquisitions.
Future Projections: Analyst estimates project continued growth for Kimball Electronics, driven by increasing demand in its key markets.
Recent Initiatives: Recent strategic initiatives include investments in automation, expansion into new geographies, and acquisitions of complementary businesses.
Summary
Kimball Electronics is a mid-sized EMS provider with strengths in specialized manufacturing and customer relationships. Its diversified end markets mitigate some risk, but it faces competition from larger players. Growth is projected through organic expansion and strategic acquisitions. Investors should look out for the company's execution in expanding revenue and managing costs.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Analyst Reports
- Industry Reports
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market share data are estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Kimball Electronics
Exchange NASDAQ | Headquaters Jasper, IN, United States | ||
IPO Launch date 2014-11-03 | CEO & Director Mr. Richard D. Phillips | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 7000 | |
Full time employees 7000 |
Kimball Electronics, Inc. engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications. In addition, it is also involved in the production and testing of printed circuit board assemblies, as well as clean room assembly, cold chain, and product sterilization management activities. Further, the company offers design services and support, supply chain services and support, rapid prototyping and new product introduction support, product design and process validation and qualification, industrialization and automation of manufacturing processes, reliability testing, aftermarket services, drug delivery devices and solutions with and without electronics, and product life cycle management services, as well as and assembly of medical, automotive, and industrial products. It operates in the United States, China, Mexico, Poland, Romania, Thailand, India, Japan, Vietnam, and internationally. Kimball Electronics, Inc. was founded in 1961 and is headquartered in Jasper, Indiana.
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