APTIV PLC (APTV) Stock Fundamental Analysis
NYSE:APTV - New York Stock Exchange, Inc. - JE00BTDN8H13 - Common Stock - Currency: USD
Overall APTV gets a fundamental rating of 5 out of 10. We evaluated APTV against 80 industry peers in the Automobile Components industry. APTV has an excellent profitability rating, but there are some minor concerns on its financial health. APTV is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year APTV was profitable.
In the past year APTV had a positive cash flow from operations.
In the past 5 years APTV has always been profitable.
Each year in the past 5 years APTV had a positive operating cash flow.
1.2 Ratios
APTV's Return On Assets of 6.74% is amongst the best of the industry. APTV outperforms 90.00% of its industry peers.
APTV has a better Return On Equity (17.39%) than 93.75% of its industry peers.
With an excellent Return On Invested Capital value of 10.10%, APTV belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
APTV had an Average Return On Invested Capital over the past 3 years of 8.46%. This is in line with the industry average of 9.12%.
The last Return On Invested Capital (10.10%) for APTV is above the 3 year average (8.46%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.74% | ||
| ROE | 17.39% | ||
| ROIC | 10.1% |
ROA(3y)7.32%
ROA(5y)7%
ROE(3y)17.18%
ROE(5y)16.05%
ROIC(3y)8.46%
ROIC(5y)7.76%
1.3 Margins
The Profit Margin of APTV (7.93%) is better than 93.75% of its industry peers.
APTV's Profit Margin has improved in the last couple of years.
APTV's Operating Margin of 10.50% is in line compared to the rest of the industry. APTV outperforms 43.75% of its industry peers.
APTV's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 19.11%, APTV is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of APTV has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.5% | ||
| PM (TTM) | 7.93% | ||
| GM | 19.11% |
OM growth 3Y10.28%
OM growth 5Y0.86%
PM growth 3Y39.02%
PM growth 5Y5.62%
GM growth 3Y6.65%
GM growth 5Y0.52%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APTV is creating value.
Compared to 1 year ago, APTV has less shares outstanding
Compared to 5 years ago, APTV has less shares outstanding
Compared to 1 year ago, APTV has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.34 indicates that APTV is not a great score, but indicates only limited risk for bankruptcy at the moment.
APTV's Altman-Z score of 2.34 is in line compared to the rest of the industry. APTV outperforms 47.50% of its industry peers.
APTV has a debt to FCF ratio of 4.60. This is a neutral value as APTV would need 4.60 years to pay back of all of its debts.
APTV's Debt to FCF ratio of 4.60 is on the low side compared to the rest of the industry. APTV is outperformed by 63.75% of its industry peers.
APTV has a Debt/Equity ratio of 0.85. This is a neutral value indicating APTV is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.85, APTV is not doing good in the industry: 82.50% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 4.6 | ||
| Altman-Z | 2.34 |
ROIC/WACC2.26
WACC4.46%
2.3 Liquidity
A Current Ratio of 1.61 indicates that APTV should not have too much problems paying its short term obligations.
APTV has a Current ratio of 1.61. This is amonst the worse of the industry: APTV underperforms 81.25% of its industry peers.
APTV has a Quick Ratio of 1.11. This is a normal value and indicates that APTV is financially healthy and should not expect problems in meeting its short term obligations.
APTV has a better Quick ratio (1.11) than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
APTV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.86%, which is quite impressive.
Measured over the past 5 years, APTV shows a small growth in Earnings Per Share. The EPS has been growing by 5.19% on average per year.
Looking at the last year, APTV shows a decrease in Revenue. The Revenue has decreased by -2.47% in the last year.
APTV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.55% yearly.
EPS 1Y (TTM)33.86%
EPS 3Y34.39%
EPS 5Y5.19%
EPS Q2Q%45.69%
Revenue 1Y (TTM)-2.47%
Revenue growth 3Y8.07%
Revenue growth 5Y6.55%
Sales Q2Q%-1.55%
3.2 Future
Based on estimates for the next years, APTV will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.53% on average per year.
Based on estimates for the next years, APTV will show a small growth in Revenue. The Revenue will grow by 5.07% on average per year.
EPS Next Y15.46%
EPS Next 2Y13.71%
EPS Next 3Y13.68%
EPS Next 5Y14.53%
Revenue Next Year-0.03%
Revenue Next 2Y2.31%
Revenue Next 3Y3.4%
Revenue Next 5Y5.07%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.30, the valuation of APTV can be described as reasonable.
68.75% of the companies in the same industry are more expensive than APTV, based on the Price/Earnings ratio.
APTV is valuated cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
APTV is valuated reasonably with a Price/Forward Earnings ratio of 8.64.
Based on the Price/Forward Earnings ratio, APTV is valued a bit cheaper than the industry average as 65.00% of the companies are valued more expensively.
APTV is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.19, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.3 | ||
| Fwd PE | 8.64 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APTV is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, APTV is valued a bit cheaper than 66.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.96 | ||
| EV/EBITDA | 7.2 |
4.3 Compensation for Growth
APTV's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of APTV may justify a higher PE ratio.
APTV's earnings are expected to grow with 13.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.67
PEG (5Y)1.99
EPS Next 2Y13.71%
EPS Next 3Y13.68%
5. Dividend
5.1 Amount
APTV does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
70.48
+1.2 (+1.73%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners106.72%
Inst Owner Change0.06%
Ins Owners0.53%
Ins Owner Change19.39%
Market Cap15.35B
Analysts78.57
Price Target76.09 (7.96%)
Short Float %2.76%
Short Ratio2.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.12
Dividend Growth(5Y)-33.36%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.89%
Min EPS beat(2)3.45%
Max EPS beat(2)8.33%
EPS beat(4)4
Avg EPS beat(4)6.91%
Min EPS beat(4)3.45%
Max EPS beat(4)9.15%
EPS beat(8)8
Avg EPS beat(8)8.4%
EPS beat(12)10
Avg EPS beat(12)2.68%
EPS beat(16)12
Avg EPS beat(16)1.27%
Revenue beat(2)0
Avg Revenue beat(2)-1.41%
Min Revenue beat(2)-1.7%
Max Revenue beat(2)-1.13%
Revenue beat(4)0
Avg Revenue beat(4)-4.52%
Min Revenue beat(4)-8.47%
Max Revenue beat(4)-1.13%
Revenue beat(8)1
Avg Revenue beat(8)-2.89%
Revenue beat(12)4
Avg Revenue beat(12)-1.31%
Revenue beat(16)8
Avg Revenue beat(16)-0.19%
PT rev (1m)0.83%
PT rev (3m)-7.76%
EPS NQ rev (1m)0.71%
EPS NQ rev (3m)-0.68%
EPS NY rev (1m)1.06%
EPS NY rev (3m)-1.65%
Revenue NQ rev (1m)0.31%
Revenue NQ rev (3m)-0.83%
Revenue NY rev (1m)0.29%
Revenue NY rev (3m)-1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.3 | ||
| Fwd PE | 8.64 | ||
| P/S | 0.78 | ||
| P/FCF | 8.96 | ||
| P/OCF | 6.2 | ||
| P/B | 1.71 | ||
| P/tB | 8.68 | ||
| EV/EBITDA | 7.2 |
EPS(TTM)6.84
EY9.7%
EPS(NY)8.16
Fwd EY11.58%
FCF(TTM)7.87
FCFY11.16%
OCF(TTM)11.37
OCFY16.13%
SpS90.19
BVpS41.16
TBVpS8.12
PEG (NY)0.67
PEG (5Y)1.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.74% | ||
| ROE | 17.39% | ||
| ROCE | 11.26% | ||
| ROIC | 10.1% | ||
| ROICexc | 10.74% | ||
| ROICexgc | 18.45% | ||
| OM | 10.5% | ||
| PM (TTM) | 7.93% | ||
| GM | 19.11% | ||
| FCFM | 8.72% |
ROA(3y)7.32%
ROA(5y)7%
ROE(3y)17.18%
ROE(5y)16.05%
ROIC(3y)8.46%
ROIC(5y)7.76%
ROICexc(3y)9.26%
ROICexc(5y)8.99%
ROICexgc(3y)16.73%
ROICexgc(5y)15.2%
ROCE(3y)9.44%
ROCE(5y)8.65%
ROICexcg growth 3Y8.25%
ROICexcg growth 5Y-4.19%
ROICexc growth 3Y2.51%
ROICexc growth 5Y-5.11%
OM growth 3Y10.28%
OM growth 5Y0.86%
PM growth 3Y39.02%
PM growth 5Y5.62%
GM growth 3Y6.65%
GM growth 5Y0.52%
F-Score6
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 4.6 | ||
| Debt/EBITDA | 2.52 | ||
| Cap/Depr | 78.07% | ||
| Cap/Sales | 3.88% | ||
| Interest Coverage | 6.72 | ||
| Cash Conversion | 81.47% | ||
| Profit Quality | 109.95% | ||
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 2.34 |
F-Score6
WACC4.46%
ROIC/WACC2.26
Cap/Depr(3y)98.73%
Cap/Depr(5y)90.34%
Cap/Sales(3y)4.52%
Cap/Sales(5y)4.39%
Profit Quality(3y)67.79%
Profit Quality(5y)73.23%
High Growth Momentum
Growth
EPS 1Y (TTM)33.86%
EPS 3Y34.39%
EPS 5Y5.19%
EPS Q2Q%45.69%
EPS Next Y15.46%
EPS Next 2Y13.71%
EPS Next 3Y13.68%
EPS Next 5Y14.53%
Revenue 1Y (TTM)-2.47%
Revenue growth 3Y8.07%
Revenue growth 5Y6.55%
Sales Q2Q%-1.55%
Revenue Next Year-0.03%
Revenue Next 2Y2.31%
Revenue Next 3Y3.4%
Revenue Next 5Y5.07%
EBIT growth 1Y9.27%
EBIT growth 3Y19.18%
EBIT growth 5Y7.47%
EBIT Next Year35.84%
EBIT Next 3Y15.15%
EBIT Next 5Y13.86%
FCF growth 1Y190.34%
FCF growth 3Y38.29%
FCF growth 5Y13.9%
OCF growth 1Y69.99%
OCF growth 3Y26.03%
OCF growth 5Y8.54%