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STRT logo STRT
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STRT logo

Strattec Security Corporation (STRT)

Upturn stock ratingUpturn stock rating
$75.36
Last Close (24-hour delay)
Profit since last BUY50.54%
upturn advisory
Consider higher Upturn Star rating
BUY since 63 days
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Upturn Advisory Summary

08/14/2025: STRT (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $66.5

1 Year Target Price $66.5

Analysts Price Target For last 52 week
$66.5 Target price
52w Low $31.57
Current$75.36
52w High $83

Analysis of Past Performance

Type Stock
Historic Profit -11.99%
Avg. Invested days 40
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 304.38M USD
Price to earnings Ratio 15.19
1Y Target Price 66.5
Price to earnings Ratio 15.19
1Y Target Price 66.5
Volume (30-day avg) 1
Beta 1.3
52 Weeks Range 31.57 - 83.00
Updated Date 08/15/2025
52 Weeks Range 31.57 - 83.00
Updated Date 08/15/2025
Dividends yield (FY) -
Basic EPS (TTM) 4.96

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 2025-08-14
When -
Estimate 0.91
Actual 2.06

Profitability

Profit Margin 3.6%
Operating Margin (TTM) 5.28%

Management Effectiveness

Return on Assets (TTM) 4.28%
Return on Equity (TTM) 9.2%

Valuation

Trailing PE 15.19
Forward PE 15.87
Enterprise Value 255270402
Price to Sales(TTM) 0.55
Enterprise Value 255270402
Price to Sales(TTM) 0.55
Enterprise Value to Revenue 0.46
Enterprise Value to EBITDA 6.11
Shares Outstanding 4038960
Shares Floating 3821276
Shares Outstanding 4038960
Shares Floating 3821276
Percent Insiders 8.39
Percent Institutions 87.61

ai summary icon Upturn AI SWOT

Strattec Security Corporation

stock logo

Company Overview

overview logo History and Background

Strattec Security Corporation was founded in 1908 as Briggs & Stratton Automotive Lock Division. It became an independent company in 1995 and is a leading supplier of automotive access and security products.

business area logo Core Business Areas

  • Automotive Access and Security Systems: Designs, develops, manufactures, and markets automotive access and security products, including mechanical and electromechanical locks, latches, fobs, and related components.
  • Power Access: Provides advanced engineering for power access solutions for advanced electric vehicles.

leadership logo Leadership and Structure

The leadership team includes Frank Krejci (President and CEO). The organizational structure consists of various departments including engineering, manufacturing, sales, and marketing.

Top Products and Market Share

overview logo Key Offerings

  • Ignition and Door Locks: Mechanical and electromechanical locks for ignition and door access. STRATTEC has a significant market share, particularly in the North American automotive market. Competitors include Kiekert, U-Shin, and Tokai Rika.
  • Remote Keyless Entry (RKE) Systems: Fobs and related electronics for remote vehicle access. Market share is competitive, with STRATTEC focusing on integrated solutions. Competitors include Alps Alpine, Continental, and Denso.
  • Latches: Mechanical and electromechanical latches for doors, trunks and hoods. A key component for automotive OEMs. Competitors include Magna and Brose.

Market Dynamics

industry overview logo Industry Overview

The automotive access and security industry is undergoing significant transformation due to the shift towards electric vehicles and increased demand for advanced security features. Growth driven by vehicle production volumes, especially in North America.

Positioning

Strattec Security Corporation is positioned as a key supplier to automotive OEMs, particularly in North America, with a focus on integrated access and security solutions. Their competitive advantage lies in their long-standing relationships with OEMs and their ability to provide customized solutions.

Total Addressable Market (TAM)

The global automotive access control market is projected to reach several billions of USD. Strattec is positioned within this TAM, primarily in the North American region, competing for contracts with major automotive manufacturers. Estimations suggest TAM is between $10-15 Billion by 2030.

Upturn SWOT Analysis

Strengths

  • Strong relationships with North American automotive OEMs
  • Expertise in mechanical and electromechanical lock systems
  • Ability to provide customized solutions
  • Vertically integrated manufacturing capabilities
  • Strong Engineering Services

Weaknesses

  • Concentration of sales with a limited number of customers
  • Exposure to cyclical automotive production volumes
  • Dependence on the North American market
  • Limited diversification outside of automotive access and security

Opportunities

  • Expansion into emerging markets
  • Development of advanced security features (e.g., biometrics)
  • Diversification into related automotive components
  • Growth in demand for electric vehicle access solutions
  • Expansion of existing product portfolio

Threats

  • Intense competition from global suppliers
  • Technological disruptions (e.g., smartphone-based access)
  • Fluctuations in raw material costs
  • Economic downturns affecting automotive production
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • Kiekert AG (Private)
  • U-Shin Ltd. (6985.T)
  • Tokai Rika Co., Ltd. (6923.T)

Competitive Landscape

Strattec's advantages include its strong relationships with North American OEMs and its ability to provide customized solutions. Disadvantages include its concentration of sales with a limited number of customers and its dependence on the North American market.

Major Acquisitions

ADAC Automotive

  • Year: 2023
  • Acquisition Price (USD millions): 64.2
  • Strategic Rationale: Expands STRATTEC's product offerings and customer base, particularly in power access, latches, and door handles.

Growth Trajectory and Initiatives

Historical Growth: Growth has been tied to North American automotive production volumes and specific contract wins.

Future Projections: Future growth is expected to be driven by increasing automotive production, especially in North America and expansion into advanced security solutions.

Recent Initiatives: Recent initiatives include focusing on cost reduction, improving operational efficiencies, and investing in new product development.

Summary

Strattec Security Corporation is a key player in automotive access and security, particularly in North America, leveraging its long-standing OEM relationships. Growth is dependent on automotive production volumes and technological advancements. The acquisition of ADAC Automotive provides new opportunities. However, the company faces risks associated with customer concentration, competition, and economic fluctuations. They need to watch out for smartphone based access technology and other technology disruptions to the market.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Strattec Security Corporation Annual Reports
  • Industry Research Reports
  • Analyst Estimates
  • Company Website

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market share data is estimated and may vary. Financial data is based on past performance and is not indicative of future results.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Strattec Security Corporation

Exchange NASDAQ
Headquaters Milwaukee, WI, United States
IPO Launch date 1995-05-24
CEO, President & Director Ms. Jennifer L. Slater
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 3365
Full time employees 3365

Strattec Security Corporation designs, develops, manufactures, and markets automotive security, access control, and user interface controls products and solutions under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, phone as a key systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, steering wheel switches and controller, E-shifters, paddle switches, and related products. It also offers full service and aftermarket support services for its products. The company markets its products to automotive and light truck original equipment manufacturers, as well as other transportation-related manufacturers; and through wholesale distributors, other marketers, and users of component parts, as well as certain products to non-automotive commercial customers. It also exports its products to Europe, Asia, and South America. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.