Franklin Electric Co., Leads NASDAQGS Gainers – Is Now the Time to Invest?
July 22, 2023
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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’s products include motors, pumps, drives, controls, and related products used in the residential, commercial, industrial, irrigation, agricultural, and propulsion markets. Recently, Franklin Electric’s stock has led the NASDAQGS gainers, making it an attractive option for potential investors. Despite not being the largest company on the market, Franklin Electric has managed to garner a lot of attention due to its strong performance. This has caused some investors to consider investing in the company for the long-term. Before making any investments in Franklin Electric Co., Inc., it is important for potential buyers to assess the company’s current position and future potential. This can be done by researching the company’s financials, management team, and market trends.
Additionally, it is important to evaluate the company’s performance against its competitors and other indices. With all this information, investors can better determine if investing in Franklin Electric Co., Inc. is a wise decision at this time.
Share Price
On Friday, Franklin Electric Co., Inc. (NASDAQGS: FRANK) was one of the top gainers in the NASDAQGS index, closing at $105.6 after opening at $106.8. This represented a slight decrease of 0.8% from the previous closing price of $106.4. The stock is currently trading near its all-time high and is likely to continue outperforming if the company continues to deliver strong financial results. With the stock trading at an attractive price level and the potential for future growth still strong, now may be the time for investors to consider investing in Franklin Electric Co., Inc. 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 |
| 2.08k | 194.16 | 9.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Franklin Electric. More…
| Operations | Investing | Financing |
| 150.97 | -48.72 | -84.12 |
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 |
| 1.8k | 707.85 | 23.69 |
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 |
| 17.2% | 27.4% | 12.5% |
| FCF Margin | ROE | ROA |
| 5.2% | 15.0% | 9.0% |
Analysis
GoodWhale conducted an analysis of FRANKLIN ELECTRIC‘s wellbeing and found that the company has a high health score of 10/10. Our Star Chart indicated that due to its cashflows and debt, FRANKLIN ELECTRIC is in a good position to sustain its operations in times of crisis. We classified FRANKLIN ELECTRIC as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given these positive indicators, we believe that FRANKLIN ELECTRIC may be of interest to investors seeking companies with strong assets, dividends, growth, and profitability. Furthermore, investors who are interested in companies with long-term sustainability may also find FRANKLIN ELECTRIC appealing since our analysis indicates that it is in a strong position to withstand economic downturns. More…
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
Investors may be considering Franklin Electric Co., Inc. (NASDAQGS: FELE) as a potential investment option currently. All in all, Franklin Electric Co., Inc. is a potential buy for investors looking for a reliable and profitable stock option.
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