AUTOLIV INC (ALV) Stock Fundamental Analysis
NYSE:ALV - US0528001094 - Common Stock
124.07 USD
-0.15 (-0.12%)
124.07 USD
0 (0%)
Overall ALV gets a fundamental rating of 6 out of 10. We evaluated ALV against 80 industry peers in the Automobile Components industry. ALV scores excellent on profitability, but there are some minor concerns on its financial health. ALV has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
ALV had positive earnings in the past year.
In the past year ALV had a positive cash flow from operations.
ALV had positive earnings in each of the past 5 years.
Each year in the past 5 years ALV had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 8.44%, ALV belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
The Return On Equity of ALV (28.96%) is better than 100.00% of its industry peers.
ALV has a Return On Invested Capital of 17.85%. This is amongst the best in the industry. ALV outperforms 97.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ALV is significantly above the industry average of 8.49%.
The 3 year average ROIC (14.52%) for ALV is below the current ROIC(17.85%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.44% | ||
| ROE | 28.96% | ||
| ROIC | 17.85% |
ROA(3y)6.54%
ROA(5y)5.54%
ROE(3y)21.22%
ROE(5y)17.59%
ROIC(3y)14.52%
ROIC(5y)12.08%
1.3 Margins
ALV has a Profit Margin of 6.83%. This is amongst the best in the industry. ALV outperforms 92.50% of its industry peers.
ALV's Profit Margin has improved in the last couple of years.
The Operating Margin of ALV (10.27%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ALV has grown nicely.
The Gross Margin of ALV (19.08%) is worse than 75.00% of its industry peers.
ALV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.27% | ||
| PM (TTM) | 6.83% | ||
| GM | 19.08% |
OM growth 3Y5.44%
OM growth 5Y2.52%
PM growth 3Y5.56%
PM growth 5Y2.86%
GM growth 3Y0.34%
GM growth 5Y0.01%
2. Health
2.1 Basic Checks
ALV has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for ALV has been reduced compared to 1 year ago.
The number of shares outstanding for ALV has been reduced compared to 5 years ago.
ALV has a worse debt/assets ratio than last year.
2.2 Solvency
ALV has an Altman-Z score of 2.92. This is not the best score and indicates that ALV is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.92, ALV is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
The Debt to FCF ratio of ALV is 4.56, which is a neutral value as it means it would take ALV, 4.56 years of fcf income to pay off all of its debts.
ALV's Debt to FCF ratio of 4.56 is amongst the best of the industry. ALV outperforms 83.75% of its industry peers.
A Debt/Equity ratio of 0.72 indicates that ALV is somewhat dependend on debt financing.
The Debt to Equity ratio of ALV (0.72) is worse than 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.56 | ||
| Altman-Z | 2.92 |
ROIC/WACC2.73
WACC6.54%
2.3 Liquidity
A Current Ratio of 0.93 indicates that ALV may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.93, ALV is doing worse than 95.00% of the companies in the same industry.
A Quick Ratio of 0.70 indicates that ALV may have some problems paying its short term obligations.
The Quick ratio of ALV (0.70) is worse than 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
ALV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.52%.
The Earnings Per Share has been growing slightly by 7.83% on average over the past years.
The Revenue has decreased by -0.98% in the past year.
ALV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.98% yearly.
EPS 1Y (TTM)4.52%
EPS 3Y18.44%
EPS 5Y7.83%
EPS Q2Q%18.18%
Revenue 1Y (TTM)-0.98%
Revenue growth 3Y8.08%
Revenue growth 5Y3.98%
Sales Q2Q%4.18%
3.2 Future
ALV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.33% yearly.
The Revenue is expected to grow by 3.71% on average over the next years.
EPS Next Y13.3%
EPS Next 2Y14.75%
EPS Next 3Y15.39%
EPS Next 5Y13.33%
Revenue Next Year1.66%
Revenue Next 2Y2.86%
Revenue Next 3Y3.79%
Revenue Next 5Y3.71%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.41, ALV is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of ALV indicates a somewhat cheap valuation: ALV is cheaper than 67.50% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of ALV to the average of the S&P500 Index (27.08), we can say ALV is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.30, the valuation of ALV can be described as very reasonable.
ALV's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of ALV to the average of the S&P500 Index (22.72), we can say ALV is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.41 | ||
| Fwd PE | 11.3 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ALV is on the same level as its industry peers.
ALV's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.13 | ||
| EV/EBITDA | 7.47 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ALV has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ALV's earnings are expected to grow with 15.39% in the coming years.
PEG (NY)1.01
PEG (5Y)1.71
EPS Next 2Y14.75%
EPS Next 3Y15.39%
5. Dividend
5.1 Amount
ALV has a Yearly Dividend Yield of 2.83%.
ALV's Dividend Yield is comparable with the industry average which is at 3.82.
Compared to an average S&P500 Dividend Yield of 2.34, ALV pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
5.2 History
The dividend of ALV has a limited annual growth rate of 1.88%.
ALV has been paying a dividend for at least 10 years, so it has a reliable track record.
ALV has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.88%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
30.21% of the earnings are spent on dividend by ALV. This is a low number and sustainable payout ratio.
ALV's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP30.21%
EPS Next 2Y14.75%
EPS Next 3Y15.39%
124.07
-0.15 (-0.12%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners72.73%
Inst Owner Change-1.59%
Ins Owners0.24%
Ins Owner Change0.23%
Market Cap9.51B
Analysts78.46
Price Target129.7 (4.54%)
Short Float %2.21%
Short Ratio2.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
Yearly Dividend2.73
Dividend Growth(5Y)1.88%
DP30.21%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.48%
Min EPS beat(2)1.65%
Max EPS beat(2)27.32%
EPS beat(4)3
Avg EPS beat(4)7.31%
Min EPS beat(4)-6.44%
Max EPS beat(4)27.32%
EPS beat(8)5
Avg EPS beat(8)2.97%
EPS beat(12)7
Avg EPS beat(12)4%
EPS beat(16)9
Avg EPS beat(16)8.24%
Revenue beat(2)2
Avg Revenue beat(2)1.53%
Min Revenue beat(2)1.38%
Max Revenue beat(2)1.69%
Revenue beat(4)2
Avg Revenue beat(4)-0.32%
Min Revenue beat(4)-4.21%
Max Revenue beat(4)1.69%
Revenue beat(8)2
Avg Revenue beat(8)-1.45%
Revenue beat(12)4
Avg Revenue beat(12)-0.89%
Revenue beat(16)5
Avg Revenue beat(16)-1.32%
PT rev (1m)3.85%
PT rev (3m)21.12%
EPS NQ rev (1m)-0.12%
EPS NQ rev (3m)-15.5%
EPS NY rev (1m)5.99%
EPS NY rev (3m)6.79%
Revenue NQ rev (1m)0.41%
Revenue NQ rev (3m)1.67%
Revenue NY rev (1m)4.26%
Revenue NY rev (3m)4.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.41 | ||
| Fwd PE | 11.3 | ||
| P/S | 0.91 | ||
| P/FCF | 21.13 | ||
| P/OCF | 9.99 | ||
| P/B | 3.85 | ||
| P/tB | 8.81 | ||
| EV/EBITDA | 7.47 |
EPS(TTM)9.25
EY7.46%
EPS(NY)10.98
Fwd EY8.85%
FCF(TTM)5.87
FCFY4.73%
OCF(TTM)12.42
OCFY10.01%
SpS136.5
BVpS32.21
TBVpS14.09
PEG (NY)1.01
PEG (5Y)1.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.44% | ||
| ROE | 28.96% | ||
| ROCE | 25.35% | ||
| ROIC | 17.85% | ||
| ROICexc | 18.82% | ||
| ROICexgc | 27.5% | ||
| OM | 10.27% | ||
| PM (TTM) | 6.83% | ||
| GM | 19.08% | ||
| FCFM | 4.3% |
ROA(3y)6.54%
ROA(5y)5.54%
ROE(3y)21.22%
ROE(5y)17.59%
ROIC(3y)14.52%
ROIC(5y)12.08%
ROICexc(3y)16.2%
ROICexc(5y)14.02%
ROICexgc(3y)25.07%
ROICexgc(5y)21.86%
ROCE(3y)19.64%
ROCE(5y)16.17%
ROICexcg growth 3Y10.72%
ROICexcg growth 5Y5.98%
ROICexc growth 3Y12.07%
ROICexc growth 5Y6.39%
OM growth 3Y5.44%
OM growth 5Y2.52%
PM growth 3Y5.56%
PM growth 5Y2.86%
GM growth 3Y0.34%
GM growth 5Y0.01%
F-Score7
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.56 | ||
| Debt/EBITDA | 1.21 | ||
| Cap/Depr | 128.72% | ||
| Cap/Sales | 4.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 64.98% | ||
| Profit Quality | 62.94% | ||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 2.92 |
F-Score7
WACC6.54%
ROIC/WACC2.73
Cap/Depr(3y)154.12%
Cap/Depr(5y)134.24%
Cap/Sales(3y)5.89%
Cap/Sales(5y)5.57%
Profit Quality(3y)62.94%
Profit Quality(5y)105.41%
High Growth Momentum
Growth
EPS 1Y (TTM)4.52%
EPS 3Y18.44%
EPS 5Y7.83%
EPS Q2Q%18.18%
EPS Next Y13.3%
EPS Next 2Y14.75%
EPS Next 3Y15.39%
EPS Next 5Y13.33%
Revenue 1Y (TTM)-0.98%
Revenue growth 3Y8.08%
Revenue growth 5Y3.98%
Sales Q2Q%4.18%
Revenue Next Year1.66%
Revenue Next 2Y2.86%
Revenue Next 3Y3.79%
Revenue Next 5Y3.71%
EBIT growth 1Y10.14%
EBIT growth 3Y13.96%
EBIT growth 5Y6.6%
EBIT Next Year50.14%
EBIT Next 3Y21.94%
EBIT Next 5YN/A
FCF growth 1Y4.9%
FCF growth 3Y17.62%
FCF growth 5Y25%
OCF growth 1Y-7.39%
OCF growth 3Y12.04%
OCF growth 5Y10.57%