FELEFRANKLIN ELECTRIC CO INC

Motors & Generators

Revenue: $2.1B; 5.4% YoY
Operating margin: 12.6%; 4.7% YoY
EBITDA: $332M; 11% YoY
Market cap: $4.2B
Employees: 6,500; $328K revenue each
Net debt / EBITDA: 0.2×; $74M net debt
AI in 10-K: 0.0; mentions per 10K words

Takeover score 2 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
162% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
90% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
23% of assets
Over 40% of assets
Shareholder dissentNo
95% lowest support
Any vote under 80% support

Buyer economics 2 of 4

Low revenue per employeeNo
$328K · 37th pct
Bottom quartile of its SIC industry
Quiet on AIYes
0.0 per 10K words · 0th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
0.2× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedYes
$4.2B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$3M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$1.7B	$2.0B	$2.1B	$2.0B	$2.1B	5.4%
Operating income	$189M	$257M	$262M	$244M	$269M	10%
Net income	$154M	$187M	$193M	$180M	$147M	18%
Operating cash flow	$130M	$102M	$316M	$261M	$239M	8.6%
Capex	$30M	$42M	$41M	$42M	$45M	8.8%
Stock-based comp	$12M	$11M	$10M	$12M	$13M	9.4%
Buybacks	$26M	$40M	$43M	$61M	$166M	171%
Dividends	$33M	$37M	$42M	$47M	$50M	6.7%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $47K · 1
Open-market sells, 12 mo: $3M · 8
Net: −$3M

Pay vs performance

No pay-versus-performance disclosure yet.