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Last $9.78 USD
Change Today +0.01 / 0.10%
Volume 138.7K
CKP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

checkpoint systems inc (CKP) Snapshot

Open
$9.81
Previous Close
$9.77
Day High
$9.83
Day Low
$9.62
52 Week High
06/19/14 - $13.81
52 Week Low
06/1/15 - $9.62
Market Cap
411.4M
Average Volume 10 Days
178.4K
EPS TTM
$0.43
Shares Outstanding
42.1M
EX-Date
03/18/15
P/E TM
22.8x
Dividend
--
Dividend Yield
5.12%
Current Stock Chart for CHECKPOINT SYSTEMS INC (CKP)

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checkpoint systems inc (CKP) Details

Checkpoint Systems, Inc. manufactures and provides technology-driven, loss prevention, inventory management, and labeling solutions to the retail and apparel industries worldwide. The company operates in three segments: Merchandise Availability Solutions, Apparel Labeling Solutions, and Retail Merchandising Solutions. The Merchandise Availability Solutions segment offers electronic article surveillance (EAS) systems, including antennas and deactivation units, which act as a visible deterrent to merchandise theft; and electronic article surveillance consumables comprising EAS-RF and EAS-EM labels to enable retailers to protect various easily-pocketed, high-shrink merchandise. It also provides Keepers, Spider Wraps, Bottle Security, Cable Loks, hard tags, NanoGates, and Showsafe solutions to protect high-risk and high-value merchandise. In addition, this segment offers merchandise visibility solutions, such as hardware, software, tags, and services based on radio frequency identification technology. The Apparel Labeling Solutions segment provides apparel labeling solutions consisting of tags and labels, as well as Web-based data management services to apparel retailers, brand owners, and manufacturers. The Retail Merchandising Solutions segment offers hand-held price marking and label application solutions, and retail display systems. The company markets its products through direct distribution and reseller channels. Checkpoint Systems, Inc. was founded in 1969 and is headquartered in Thorofare, New Jersey.

4,894 Employees
Last Reported Date: 03/5/15
Founded in 1969

checkpoint systems inc (CKP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $850.0K
President of Apparel Labeling Solutions and C...
Total Annual Compensation: $456.8K
President of Merchandise Availability Solutio...
Total Annual Compensation: $385.7K
Chief Strategy and Development Officer
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2014.

checkpoint systems inc (CKP) Key Developments

CKP Eyes Acquisitions

Checkpoint Systems Inc. (NYSE:CKP) is looking for acquisition opportunities. NS Advisors, LLC currently owns 0.843 million shares of Checkpoint. Shockingly NS Advisors learned on last evenings' earnings call that CKP is pursuing acquisition opportunities that could severely leverage the balance sheet (debt up to 3 times EBITDA according to the CEO). As NS Advisors pointed out in our April 7, 2015 letter, over the past 10 years the company has spent over $660 million of the shareholders money on acquisitions, R&D and cap-ex, yet the company's market-cap has declined by $255 million. Given the board's poor capital allocation record, it is paramount that no acquisitions be made until investors have adequate representation on the board.

Checkpoint Systems Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015; Reaffirms Earnings Guidance for the Full Year of Fiscal 2015

Checkpoint Systems Inc. announced unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the quarter, the company announced net revenues of $128,542,000 compared to $147,406,000 for the same period a year ago. Operating loss was $334,000 compared to operating income of $2,166,000 for the same period a year ago. Loss before income taxes was $674,000 compared to earnings before income taxes of $1,091,000 for the same period a year ago. Net loss was $745,000 or $0.02 per basic and diluted common share compared to $129,000 for the same period a year ago. Adjusted EBITDA was $10,025,000 compared to $11,752,000 for the same period a year ago. Adjusted non-GAAP operating income was $1,876,000 compared to $4,058,000 for the same period a year ago. Adjusted net earnings were $1,592,000 compared to $1,680,000 for the same period a year ago. Adjusted net earnings per share, diluted were $0.04 compared to $0.04 for the same period a year ago. Net revenues decreased 12.8% due to an organic decrease of 5.0% and foreign currency effects of 7.8%. Cash used in operating activities was $0.4 million compared with $8.6 million provided by operating activities in the first quarter of 2014. Capital expenditures were $5.8 million in the first quarter of 2015 compared to $3.3 million in the first quarter of 2014. The company reaffirmed earnings guidance for the fiscal 2015. Net revenues are expected to be in the range of $575 million to $625 million, unchanged from prior guidance. Adjusted EBITDA is expected to be in the range of $55 million to $68 million, unchanged from prior guidance. Non-GAAP diluted net earnings per share is expected to be in the range of $0.40 to $0.50, assuming an effective tax rate of approximately 35%, unchanged from prior guidance. Total capital expenditures expected to be up to $25 million for fiscal 2015. The effective tax rate assumed in the company guidance remains unchanged at approximately 35% after giving consideration to non-GAAP adjustments. The company expects its 2015 cash income tax expense to be approximately $5 million to $6 million, regardless of whether the valuation allowance remains in place or is released.

Checkpoint Systems Enables Retailers to Obtain Critical Data and Analytic Intelligence with S3i RTLS Wireless In-Store Network

Checkpoint Systems Inc. announced the launch of S3i, a scalable RTLS (real time location system) wireless in-store network that works with enhanced Alpha High Theft Solutions’® alarmed devices to obtain critical data and analytic intelligence, increasing sales, improving on-shelf availability and reducing shrink on high-value merchandise. S3i’s smart devices work in conjunction with smart keys to register all events, such as commissioning, removal of devices and theft. Through better and real-time stock visibility and shrink reduction, store managers are then able to increase sales. Better stock visibility allows retailers to know where the products are in real time, and also have a clear and accurate vision of the quantities, while the use of smart keys reduces both internal and external shrink. S3i offers retailer's corporate management, store operations and loss prevention critical data on inventory quantity, location and movement of their high-value items within the store. For example, a store manager can have immediate visibility to all of the store's high-value merchandise protected with S3i devices. When a shopper inquires about a specific item, the store associate can quickly locate it following the user-friendly graphical user interface. Any shoplifting attempt to remove the S3i device creates an immediate alert/alarm that enables store personnel to address according to store policies. In addition, any removal of the S3i device with an authorized key is logged and can help reduce incidents of internal theft.

 

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Industry Analysis

CKP

Industry Average

Valuation CKP Industry Range
Price/Earnings 40.2x
Price/Sales 0.6x
Price/Book 1.4x
Price/Cash Flow 39.8x
TEV/Sales 0.3x
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