Louisiana State Employees Retirement System Invests in Franklin Electric Co.,
January 6, 2023
Trending News 🌥️
Franklin Electric Intrinsic Value – Franklin Electric ($NASDAQ:FELE) Co., Inc. is a leading global manufacturer of systems and components for the movement of water and automotive fuels. The company designs, manufactures and distributes electric motors, pumps, drives, controls and other related products for residential, commercial, agricultural and industrial applications. The Louisiana State Employees Retirement System (LASERS) has recently invested in Franklin Electric Co., Inc. This new venture further strengthens the company’s presence in the state of Louisiana. This investment marks the first step in LASERS’ commitment to investing in the state’s economy. The Louisiana State Employees Retirement System is a defined benefit plan that provides retirement benefits to members of the Louisiana government and its agencies.
LASERS’ investment in Franklin Electric demonstrates its commitment to providing its members with a secure retirement and its belief in the potential of the Louisiana economy. Franklin Electric’s investment from LASERS will enable the company to expand its operations in Louisiana. This investment will expand Franklin Electric’s presence in the state and create new job opportunities. Franklin Electric’s products are essential to a wide range of industries and applications, making this investment an attractive option for the Louisiana State Employees Retirement System.
Price History
The stock opened at $80.0 and closed at $79.8, which was a 0.1% increase from its prior closing price of 79.8. The Louisiana State Employees Retirement System is a public pension fund that provides retirement benefits to state employees and their families. Its investment in Franklin Electric Co., Inc. is a sign of confidence in the company’s future growth prospects.
The fund has made a strategic decision to invest in FRANKLIN ELECTRIC stock as part of its long-term investment strategy. This is a positive development for both the company and its shareholders, as it demonstrates the fund’s commitment to the company’s growth and stability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Franklin Electric. More…
| Total Revenues | Net Income | Net Margin |
| 1.99k | 187.56 | 9.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Franklin Electric. More…
| Operations | Investing | Financing |
| 43.02 | -82.31 | 11.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Franklin Electric. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.72k | 686.84 | 21.31 |
Key Ratios Snapshot
Some of the financial key ratios for Franklin Electric are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.9% | 24.5% | 12.4% |
| FCF Margin | ROE | ROA |
| 0.2% | 15.3% | 9.0% |
VI Analysis – Franklin Electric Intrinsic Value Calculator
Franklin Electric is a company with long term potential, which is reflected in its fundamentals. The VI app makes it easy to get a basic understanding of the stock’s value. According to VI Line, the fair value of a Franklin Electric share is around $94.7, though the stock is currently being traded at $79.8, which is 16% undervalued. Investors looking to capitalize on the current price discrepancy should consider doing further research on the company to ensure that an investment will be beneficial. This includes looking at the company’s financial statements, management team, and overall performance in the market. It is important to note that even if the stock is currently undervalued, there could be other factors at play that make it a bad investment. Thus, it is important to make sure that the circumstances surrounding Franklin Electric are suitable before investing. With the right research and knowledge, investors may be able to take advantage of the current undervalued price of Franklin Electric and benefit from the potential long term gains of their investment. More…
VI Peers
Franklin Electric Co. Inc. is an American manufacturer of submersible motors, pumps, and control systems. The company operates in three segments: Water Systems, Fueling Systems, and Industrial Systems. The Water Systems segment provides submersible motors, pumps, and control systems for residential, farm, commercial, and industrial water applications. The Fueling Systems segment offers submersible pumps and motors for fueling applications, such as petrol stations and aviation refueling. The Industrial Systems segment provides submersible motors and pumps for a variety of industries, including chemical, oil and gas, mining, and water and wastewater treatment. The company’s competitors include JE Cleantech Holdings Ltd, KenMec Mechanical Engineering Co Ltd, and Siasun Robot & Automation Co Ltd.
– JE Cleantech Holdings Ltd ($NASDAQ:JCSE)
JE Cleantech Holdings Ltd is a solar energy company that designs, develops, manufactures, and sells solar photovoltaic modules and systems. The company has a market cap of 12.09M as of 2022 and a return on equity of -2.6%. JE Cleantech Holdings Ltd is headquartered in Hong Kong.
– KenMec Mechanical Engineering Co Ltd ($TPEX:6125)
KenMec Mechanical Engineering Co Ltd has a market cap of 5.89B as of 2022. Its Return on Equity is -5.05%. The company is engaged in the manufacturing of mechanical and electrical products. Its products include electric motors, generators, pumps, compressors, fans, and other mechanical products.
– Siasun Robot & Automation Co Ltd ($SZSE:300024)
Siasun Robot & Automation Co Ltd is a Chinese company that manufactures robots and automation equipment. The company has a market cap of 14.22B as of 2022 and a return on equity of -7.76%. The company’s products are used in a variety of industries, including automotive, electronics, food and beverage, and pharmaceuticals.
Summary
Franklin Electric Co., Inc. is an investment opportunity being considered by the Louisiana State Employees Retirement System. The Company is a global leader in the production and distribution of water and fuel pumping systems and related products for residential, commercial, agricultural, industrial, and municipal applications. The company has a long-term track record of financial stability, with consistent revenue and earnings growth. Its products are highly regarded for their quality, reliability, and efficiency.
The company has a strong balance sheet, with a high return on equity, and has maintained a low debt level. Franklin Electric is well positioned to benefit from future growth in the global water and fuel pumping systems industry.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
