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Strattec Security Corporation (STRT)



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Upturn Advisory Summary
08/14/2025: STRT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $66.5
1 Year Target Price $66.5
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
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 Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 |
Upturn AI SWOT
Strattec Security Corporation

Company Overview
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.
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 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
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
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
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.
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 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 | Website https://www.strattec.com |
Full time employees 3365 | Website https://www.strattec.com |
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.

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