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Kimball International

Nasdaq:KBAL
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KBAL
Nasdaq
$378M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Kimball International, Inc. designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The last earnings update was 58 days ago. More info.


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  • Kimball International has significant price volatility in the past 3 months.
KBAL Share Price and Events
7 Day Returns
-6.3%
NasdaqGS:KBAL
-6.8%
US Commercial Services
-4.1%
US Market
1 Year Returns
-27.7%
NasdaqGS:KBAL
-20.5%
US Commercial Services
-14.9%
US Market
KBAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kimball International (KBAL) -6.3% -32.9% -50.3% -27.7% -39.6% -3.9%
US Commercial Services -6.8% -26.3% -28.5% -20.5% 4% 18.8%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • KBAL underperformed the Commercial Services industry which returned -20.5% over the past year.
  • KBAL underperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
KBAL
Industry
5yr Volatility vs Market
Related Companies

KBAL Value

 Is Kimball International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kimball International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kimball International.

NasdaqGS:KBAL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:KBAL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.599 (1 + (1- 21%) (5.6%))
0.749
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.8 * 5.44%)
6.09%

Discounted Cash Flow Calculation for NasdaqGS:KBAL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kimball International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:KBAL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.09%)
2020 31.42 Est @ -2.48% 29.62
2021 31.04 Est @ -1.21% 27.58
2022 30.94 Est @ -0.33% 25.91
2023 31.03 Est @ 0.29% 24.50
2024 31.26 Est @ 0.73% 23.26
2025 31.58 Est @ 1.03% 22.15
2026 31.97 Est @ 1.24% 21.14
2027 32.42 Est @ 1.39% 20.20
2028 32.90 Est @ 1.5% 19.32
2029 33.42 Est @ 1.57% 18.50
Present value of next 10 years cash flows $232.00
NasdaqGS:KBAL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $33.42 × (1 + 1.74%) ÷ (6.09% – 1.74%)
$781.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $781.32 ÷ (1 + 6.09%)10
$432.51
NasdaqGS:KBAL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $232.00 + $432.51
$664.51
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $664.51 / 36.80
$18.06
NasdaqGS:KBAL Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.06
Current discount Discount to share price of $10.26
= -1 x ($10.26 - $18.06) / $18.06
43.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kimball International is available for.
Intrinsic value
43%
Share price is $10.26 vs Future cash flow value of $18.06
Current Discount Checks
For Kimball International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kimball International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kimball International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kimball International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kimball International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:KBAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.13
NasdaqGS:KBAL Share Price ** NasdaqGS (2020-04-02) in USD $10.26
United States of America Commercial Services Industry PE Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 19.23x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kimball International.

NasdaqGS:KBAL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:KBAL Share Price ÷ EPS (both in USD)

= 10.26 ÷ 1.13

9.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kimball International is good value based on earnings compared to the US Commercial Services industry average.
  • Kimball International is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kimball International's expected growth come at a high price?
Raw Data
NasdaqGS:KBAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Commercial Services Industry PEG Ratio Median Figure of 35 Publicly-Listed Commercial Services Companies 1.21x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kimball International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kimball International's assets?
Raw Data
NasdaqGS:KBAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $6.31
NasdaqGS:KBAL Share Price * NasdaqGS (2020-04-02) in USD $10.26
United States of America Commercial Services Industry PB Ratio Median Figure of 86 Publicly-Listed Commercial Services Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
NasdaqGS:KBAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:KBAL Share Price ÷ Book Value per Share (both in USD)

= 10.26 ÷ 6.31

1.63x

* Primary Listing of Kimball International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kimball International is overvalued based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess Kimball International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Kimball International has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KBAL Future Performance

 How is Kimball International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kimball International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.6%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kimball International expected to grow at an attractive rate?
  • Unable to compare Kimball International's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kimball International's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Kimball International's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:KBAL Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:KBAL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:KBAL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 767 54 41
2019-09-30 775 69 40
2019-06-30 768 65 39
2019-03-31 762 63 38
2018-12-31 746 55 36
2018-09-30 723 47 34
2018-06-30 705 47 34
2018-03-31 687 42 35
2017-12-31 679 48 36
2017-09-30 670 59 37
2017-06-30 693 65 38
2017-03-31 663 59 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kimball International is high growth as no earnings estimate data is available.
  • Unable to determine if Kimball International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:KBAL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Kimball International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:KBAL Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.13
2019-09-30 1.08
2019-06-30 1.07
2019-03-31 1.04
2018-12-31 0.98
2018-09-30 0.92
2018-06-30 0.92
2018-03-31 0.93
2017-12-31 0.97
2017-09-30 1.00
2017-06-30 1.00
2017-03-31 0.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Kimball International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Kimball International is trading at Kimball International'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Kimball International's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Kimball International's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Kimball International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kimball International has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KBAL Past Performance

  How has Kimball International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kimball International's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kimball International has delivered over 20% year on year earnings growth in the past 5 years.
  • Kimball International's 1-year earnings growth is less than its 5-year average (14% vs 24.5%)
  • Kimball International's earnings growth has exceeded the US Commercial Services industry average in the past year (14% vs 1.4%).
Earnings and Revenue History
Kimball International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kimball International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:KBAL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 766.56 41.49 199.28
2019-09-30 775.40 39.85 200.71
2019-06-30 768.07 39.34 201.09
2019-03-31 762.18 38.49 200.45
2018-12-31 745.71 36.39 194.49
2018-09-30 723.32 34.36 189.25
2018-06-30 704.55 34.44 185.71
2018-03-31 686.85 34.75 178.14
2017-12-31 679.03 36.13 176.85
2017-09-30 670.30 37.47 174.03
2017-06-30 692.97 37.51 183.66
2017-03-31 662.63 33.22 168.87
2016-12-31 659.60 28.75 167.53
2016-09-30 653.53 26.53 166.04
2016-06-30 635.10 21.16 162.98
2016-03-31 629.49 19.63 160.87
2015-12-31 625.39 21.75 160.38
2015-09-30 612.99 15.25 160.80
2015-06-30 600.87 11.14 163.03
2015-03-31 579.67 6.76 163.41
2014-12-31 558.83 1.84 162.42
2014-09-30 546.46 3.93 163.55
2014-06-30 543.82 3.42 162.06
2014-03-31 724.28 10.12 173.74
2013-12-31 900.66 13.84 186.80
2013-09-30 1,056.75 15.93 193.03
2013-06-30 500.01 -6.62 150.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kimball International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kimball International used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • Kimball International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kimball International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kimball International has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KBAL Health

 How is Kimball International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kimball International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kimball International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kimball International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kimball International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1654.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kimball International Company Filings, last reported 3 months ago.

NasdaqGS:KBAL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 232.59 0.14 97.08
2019-09-30 225.03 0.14 106.37
2019-06-30 216.49 0.16 106.27
2019-03-31 207.00 0.16 91.31
2018-12-31 200.87 0.16 81.07
2018-09-30 198.68 0.16 84.00
2018-06-30 193.02 0.18 87.27
2018-03-31 185.20 0.18 77.75
2017-12-31 187.77 0.19 79.57
2017-09-30 182.02 0.19 97.78
2017-06-30 176.20 0.21 98.57
2017-03-31 167.17 0.21 84.47
2016-12-31 160.66 0.22 72.27
2016-09-30 154.82 0.22 62.70
2016-06-30 149.87 0.24 47.58
2016-03-31 144.49 0.24 43.85
2015-12-31 142.52 0.25 26.09
2015-09-30 136.72 0.25 22.39
2015-06-30 141.51 0.27 34.66
2015-03-31 146.20 0.27 49.97
2014-12-31 145.69 0.27 48.99
2014-09-30 443.98 0.28 113.20
2014-06-30 441.53 0.29 136.62
2014-03-31 433.43 0.30 138.35
2013-12-31 425.27 0.30 129.59
2013-09-30 414.73 0.30 109.63
2013-06-30 404.51 0.32 103.60
  • Kimball International's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.2% vs 0.1% today).
  • Debt is well covered by operating cash flow (40044.9%, greater than 20% of total debt).
  • Kimball International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Kimball International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kimball International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KBAL Dividends

 What is Kimball International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.51%
Current annual income from Kimball International dividends.
If you bought $2,000 of Kimball International shares you are expected to receive $70 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kimball International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.04%).
  • Kimball International's dividend is below the markets top 25% of dividend payers in United States of America (5.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:KBAL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:KBAL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-11 0.360 2.742
2019-10-22 0.360 1.753
2019-04-29 0.320 1.838
2019-02-07 0.320 2.122
2019-02-05 0.320 2.084
2018-08-28 0.320 2.038
2018-04-24 0.280 1.694
2018-02-13 0.280 1.643
2017-10-31 0.280 1.534
2017-08-29 0.280 1.487
2017-04-25 0.240 1.409
2017-02-07 0.240 1.437
2016-10-25 0.240 1.534
2016-08-30 0.240 1.868
2016-04-26 0.220 1.904
2016-02-09 0.220 1.983
2015-10-20 0.220 2.047
2015-08-11 0.220 2.091
2015-04-15 0.200 1.705
2015-02-17 0.200 1.991
2014-10-21 0.200 2.021
2014-08-12 0.200 1.281
2014-04-15 0.200 1.214
2014-02-18 0.200 1.087
2013-10-15 0.200 1.445
2013-08-13 0.200 1.888
2013-04-16 0.200 1.963
2013-02-19 0.200 2.174
2012-10-16 0.200 1.775
2012-08-14 0.200 1.666
2012-04-17 0.200 2.588
2012-02-21 0.200 3.037
2011-10-18 0.200 3.472
2011-08-16 0.200 3.871
2011-04-19 0.200 3.084
2011-02-15 0.200 2.832
2010-10-19 0.200 3.025
2010-08-17 0.200 3.614
2010-04-20 0.200 3.164
2010-02-16 0.200 2.794
2009-10-20 0.200 2.534
2009-08-18 0.200 2.750
2009-04-21 0.200 3.217

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kimball International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kimball International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kimball International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kimball International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KBAL Management

 What is the CEO of Kimball International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kristine Juster
COMPENSATION $5,419,094
AGE 56
TENURE AS CEO 1.4 years
CEO Bio

Ms. Kristine L. Juster serves as Director at Trex Company Inc. since October 1, 2019. She has been the Chief Executive Officer of Kimball International, Inc. since November 1, 2018 and as a Director since April 27, 2016. Ms. Juster serves as the President of the Global Writing Segment of Newell Rubbermaid Inc. (alternate name: Newell Brands Inc.). Ms. Juster served as President of Calphalon division of Newell Rubbermaid Inc. since 2001. She joined Newell Rubbermaid in 1995 at Newell Office Products division as Director-Sales. During her tenure at Newell Brands, she held the role of President of the Home Décor Segment with the brands Levelor and Kirsh. In 2000, she was appointed Vice President-Sales of the Calphalon division. Prior to taking on this role in May 2014, she was President of the Baby and Parenting Segment of Newell Rubbermaid and held other roles of increasing responsibility since joining it in 1995. Prior to joining Newell Rubbermaid, she co-founded and ran PC Compatibles in Stamford, Conn. Ms. Juster holds Bachelor of Applied Science degree, Hotel and Restaurant Management from Cornell University.

CEO Compensation
  • Kristine's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Kristine's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Kimball International management team in years:

1.4
Average Tenure
55
Average Age
  • The average tenure for the Kimball International management team is less than 2 years, this suggests a new team.
Management Team

Kristine Juster

TITLE
CEO & Non-Independent Director
COMPENSATION
$5M
AGE
56
TENURE
1.4 yrs

Michelle Schroeder

TITLE
VP & CFO
COMPENSATION
$876K
AGE
54
TENURE
5.4 yrs

Lonnie Nicholson

TITLE
VP & Chief Administrative Officer
COMPENSATION
$959K
AGE
55
TENURE
5.2 yrs

Kourtney Smith

TITLE
VP & President of National Office Furniture
COMPENSATION
$821K
AGE
49

Dennis Gerber

TITLE
Director of Investor Relations & Treasurer

Mark Johnson

TITLE
Executive VP
TENURE
0.3 yrs

Greg Kincer

TITLE
Vice President of Corporate Development
AGE
61
TENURE
5.4 yrs

Wendy Murray

TITLE
Director of Marketing & Product
TENURE
0.8 yrs

Greg Meunier

TITLE
Executive Vice President of Kimball International Global Operations
TENURE
0.3 yrs

Darren Gress

TITLE
Corporate Controller
Board of Directors Tenure

Average tenure and age of the Kimball International board of directors in years:

5.7
Average Tenure
60
Average Age
  • The tenure for the Kimball International board of directors is about average.
Board of Directors

Kim Ryan

TITLE
Independent Chairman
COMPENSATION
$192K
AGE
52
TENURE
1.4 yrs

Kristine Juster

TITLE
CEO & Non-Independent Director
COMPENSATION
$5M
AGE
56
TENURE
4 yrs

Pat Connolly

TITLE
Independent Director
COMPENSATION
$155K
AGE
60
TENURE
5.7 yrs

Susan Frampton

TITLE
Independent Director
COMPENSATION
$152K
AGE
61
TENURE
4 yrs

Geoffrey Stringer

TITLE
Independent Director
COMPENSATION
$145K
AGE
76
TENURE
16.8 yrs

Tom Tischhauser

TITLE
Independent Director
COMPENSATION
$142K
AGE
61
TENURE
11.7 yrs

Tim Jahnke

TITLE
Independent Director
COMPENSATION
$145K
AGE
59
TENURE
6.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kimball International individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Feb 20 Buy Kristine Juster Individual 11. Feb 20 11. Feb 20 12,000 $17.48 $209,700
X
Management checks
We assess Kimball International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kimball International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KBAL News

Simply Wall St News

Here's What Kimball International, Inc.'s (NASDAQ:KBAL) ROCE Can Tell Us

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Kimball International:0.23 = US$53m ÷ (US$365m - US$133m) (Based on the trailing twelve months to June 2019.) Therefore, Kimball International has an ROCE of 23%. … What Are Current Liabilities, And How Do They Affect Kimball International's ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

How Much Of Kimball International, Inc. (NASDAQ:KBAL) Do Institutions Own?

With a market capitalization of US$646m, Kimball International is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Kimball International NasdaqGS:KBAL Ownership Summary, August 21st 2019 What Does The Institutional Ownership Tell Us About Kimball International? … We can see that Kimball International does have institutional investors; and they hold 59% of the stock.

Simply Wall St -

One Thing To Remember About The Kimball International, Inc. (NASDAQ:KBAL) Share Price

(NASDAQ:KBAL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Check out our latest analysis for Kimball International What we can learn from KBAL's beta value Given that it has a beta of 0.87, we can surmise that the Kimball International share price has not been strongly impacted by broader market volatility (over the last 5 years).

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Kimball International, Inc. (NASDAQ:KBAL)

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Kimball International: P/E of 16.83 = $17.54 ÷ $1.04 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each $1 of company earnings. … And as that P/E ratio drops, the company will look cheap, unless its share price increases.

Simply Wall St -

Is Kimball International (NASDAQ:KBAL) A Risky Investment?

This surplus suggests that Kimball International has a conservative balance sheet, and could probably eliminate its debt without much difficulty. … Kimball International may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case Kimball International has US$91m in net cash and a decent-looking balance sheet.

Simply Wall St -

Does Kimball International (NASDAQ:KBAL) Deserve A Spot On Your Watchlist?

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Kimball International (NASDAQ:KBAL). … So it is good to see that Kimball International insiders have a significant amount of capital invested in the stock. … I discovered that the median total compensation for the CEOs of companies like Kimball International with market caps between US$400m and US$1.6b is about US$2.7m.

Simply Wall St -

Why Kimball International, Inc. (NASDAQ:KBAL) Looks Like A Quality Company

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Kimball International: 19% = US$38m ÷ US$207m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Kimball International's Debt And Its 19% ROE Although Kimball International does use a little debt, its debt to equity ratio of just 0.00077 is very low. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

Did Kimball International, Inc.'s (NASDAQ:KBAL) Recent Earnings Growth Beat The Trend?

See our latest analysis for Kimball International How Well Did KBAL Perform? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 34%, indicating the rate at which KBAL is growing has slowed down. … You should continue to research Kimball International to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for KBAL’s future growth?

Simply Wall St -

You Have To Love Kimball International, Inc.'s (NASDAQ:KBAL) Dividend

While the above analysis focuses on dividends relative to a company's earnings, we do note Kimball International's strong net cash position, which will let it pay larger dividends for a time, should it choose. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Kimball International has grown its earnings per share at 34% per annum over the past five years. … Conclusion To summarise, shareholders should always check that Kimball International's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Kimball International, Inc. (NASDAQ:KBAL) Earns Among The Best Returns In Its Industry

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

KBAL Company Info

Description

Kimball International, Inc. designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments. Its furniture solutions are used in collaborative and open work space areas, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas with a mix of wood, metal, laminate, paint, fabric, solid surface, and plastic options. In addition, the company offers patient/exam room and lounge seating, and casegoods for the healthcare market. It markets and sells its products through sales representatives, office furniture dealers, wholesalers, brokers, designers, purchasing companies, and catalog houses to end users. The company was formerly known as The Jasper Corporation and changed its name to Kimball International, Inc. in July 1974. Kimball International, Inc. was incorporated in 1939 and is headquartered in Jasper, Indiana.

Details
Name: Kimball International, Inc.
KBAL
Exchange: NasdaqGS
Founded: 1939
$377,598,154
36,802,939
Website: http://www.kimballinternational.com
Address: Kimball International, Inc.
1600 Royal Street,
Jasper,
Indiana, 47549,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS KBAL Class B Common Stock Nasdaq Global Select US USD 02. Jan 1980
DB KB1B Class B Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
Number of employees
Current staff
Staff numbers
3,127
Kimball International employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 03:13
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.