Quality Investor

Strattec Security Corporation

Rank #284Hypergrowth

STRT · Nasdaq · Consumer Cyclical

Strattec Security Corporation (STRT) — Rank #284 by gross profitability (GP/assets 0.25) · ROE 8.6% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0000933034 · all metrics point-in-time as of the filing date.

About

Strattec Security Corporation, an automotive access company, designs and delivers engineered access solutions for the automotive and mobility markets in North America and internationally.

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The company offers locks and keys solutions, such as ignition locks, interior locks, door locks, secondary locks, mechanical keys, integrated keys and fobs, steering column locks, start and stop buttons, and key fobs; and door handles and accessories. It also provides power access, including power sliding doors, power liftgates, power endgates, and power decklid; latches comprising power liftgate latches, power tailgate latches, deckgate latches, and hood latches; and one-key technology under the BOLT Lock brand.

Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.

Industry
Auto Parts
Sector
Consumer Cyclical
State
WI
Filer Category
Accelerated filerSmaller reporting company
Fiscal Year End
June 28

Price History

STRT+86.8% · +13.3% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$277.32M

P/E (annual)

13.9

P/S (annual)

0.5

P/B

1.2

P/OCF (annual)

6.0

Shareholder Yield

-12.3%

Employees

2,654

Industry

Auto Parts

Exchange

Nasdaq

Signal Flags

2 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

Quality Profile

Profitability

1/1 pass
GP / assets
0.25
Return on equity
8.6%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.46
Current ratio
2.90×
Net cash
$108.24M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

1/2 pass
Revenue growth
38.8%
Piotroski F-Score
6 / 9
Share dilution
12.3%

Terry Smith quality gate

Passes 2/5 Terry Smith thresholds

What Growth Is Priced In

Implied revenue growth (10Y)

-6.3%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 12.3% — per-share value needs a total required return of 6.1% once share-count change is priced in.

vs. own 6-year median revenue growth: 6.8%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-9.7%

r = 10% (base)

-6.3%

r = 12%

-3.3%

Net debt / market cap: -37.7%

Base FCF: $39M3Y mean FCF: -$17.2M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

N/A
6.4xmed 13.4x17.2x

P / S

Price / revenue per share

0.2xCheap
0.1xmed 0.2x0.3x

P / B

Price / book value per share

0.5xCheap
0.4xmed 0.6x0.9x

P / GP

Price / gross profit per share

2.1xFair
1.2xmed 1.9x2.3x

P / FCF

Price / free cash flow per share

N/A
5.5xmed 5.7x5.9x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.25

Primary signal (Novy-Marx).

5th of 12 SIC 3714 peers

Return on equity

8.6%

Gross margin

16.5%

9th of 12 SIC 3714 peers

Revenue growth (YoY)

38.8%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2018202120222023
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

5.5%

Revenue CAGR (5Y)

3.6%

Earnings CAGR (3Y)

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.46

2nd of 11 SIC 3714 peers (best = lowest)

Current ratio

2.90×

4th of 12 SIC 3714 peers

Quick ratio

2.03×

Net cash

$108.24M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$38.98M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.89

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20162023
Capital Return
Op. Leverage
Value
Startup