Added to YB: 2026-05-18
Pitch date: 2026-03-09
STRT [bullish]
Strattec Security Corporation
-14.12%
current return
Author Info
No bio for this author
Company Info
Strattec Security Corporation designs, develops, manufactures, and markets automotive security, access control, and user interface controls products in North America and internationally.
Market Cap
$261.0M
Pitch Price
$78.32
Price Target
138.00 (+105%)
Dividend
N/A
EV/EBITDA
3.73
P/E
10.32
EV/Sales
0.31
Sector
Automobile Components
Category
turnaround
Strattec Security Corporation - $STRT
STRT: Auto access/security (door handles, locks) maker; new CEO Jen Slater (July '24) + team transformed co: FY25 adj EPS $5.38 vs FY23 loss, FCF $65M ($15.83/share) vs -$8M. $97M net cash (30% mkt cap), 2Q rev +6%, EBIT +105% YoY. Gross margin 15% (target 18-20%, hit in '95-'06, '12-'15). Analog products seeing revival amid EV safety concerns. Untapped foreign OEM sales potential. $10-15M HQ sale-leaseback adds liquidity. Trading 6.8x EPS, 20% FCF yield ex-cash. FY28 target: $11 EPS, $28/share net cash. PT $138 on 10x P/E + cash = 77% upside. Risks: cyclical, tariffs/FX, M&A execution.
Read full article (4 min)