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 81 industry peers in the Automobile Components industry. APTV scores excellent on profitability, but there are some minor concerns on its financial health. APTV may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
APTV had positive earnings in the past year.
In the past year APTV had a positive cash flow from operations.
In the past 5 years APTV has always been profitable.
In the past 5 years APTV always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 6.74%, APTV belongs to the best of the industry, outperforming 90.12% of the companies in the same industry.
APTV has a better Return On Equity (17.39%) than 93.83% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.10%, APTV belongs to the top of the industry, outperforming 90.12% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for APTV is in line with the industry average of 9.05%.
The 3 year average ROIC (8.46%) for APTV is below the current ROIC(10.10%), indicating increased profibility in the last year.
| 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
APTV's Profit Margin of 7.93% is amongst the best of the industry. APTV outperforms 93.83% of its industry peers.
In the last couple of years the Profit Margin of APTV has grown nicely.
The Operating Margin of APTV (10.50%) is comparable to the rest of the industry.
APTV's Operating Margin has been stable in the last couple of years.
The Gross Margin of APTV (19.11%) is worse than 74.07% of its industry peers.
APTV's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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 has a Altman-Z score of 2.34. This is comparable to the rest of the industry: APTV outperforms 48.15% of its industry peers.
The Debt to FCF ratio of APTV is 4.60, which is a neutral value as it means it would take APTV, 4.60 years of fcf income to pay off 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 62.96% 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.
The Debt to Equity ratio of APTV (0.85) is worse than 81.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 4.6 | ||
| Altman-Z | 2.34 |
ROIC/WACC2.25
WACC4.49%
2.3 Liquidity
APTV has a Current Ratio of 1.61. This is a normal value and indicates that APTV is financially healthy and should not expect problems in meeting its short term obligations.
APTV's Current ratio of 1.61 is on the low side compared to the rest of the industry. APTV is outperformed by 80.25% of its industry peers.
A Quick Ratio of 1.11 indicates that APTV should not have too much problems paying its short term obligations.
APTV's Quick ratio of 1.11 is fine compared to the rest of the industry. APTV outperforms 69.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 33.86% over the past year.
The Earnings Per Share has been growing slightly by 5.19% on average over the past years.
APTV shows a decrease in Revenue. In the last year, the revenue decreased by -2.47%.
The Revenue has been growing slightly by 6.55% on average over the past years.
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
The Earnings Per Share is expected to grow by 14.53% on average over the next years. This is quite good.
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 Y14.26%
EPS Next 2Y12.58%
EPS Next 3Y14.34%
EPS Next 5Y14.53%
Revenue Next Year-0.32%
Revenue Next 2Y1.95%
Revenue Next 3Y3.31%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.88, the valuation of APTV can be described as very reasonable.
APTV's Price/Earnings ratio is a bit cheaper when compared to the industry. APTV is cheaper than 67.90% of the companies in the same industry.
When comparing the Price/Earnings ratio of APTV to the average of the S&P500 Index (26.32), we can say APTV is valued rather cheaply.
A Price/Forward Earnings ratio of 8.45 indicates a reasonable valuation of APTV.
Based on the Price/Forward Earnings ratio, APTV is valued a bit cheaper than 62.96% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.19. APTV is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.88 | ||
| Fwd PE | 8.45 |
4.2 Price Multiples
APTV's Enterprise Value to EBITDA ratio is in line with the industry average.
64.20% of the companies in the same industry are more expensive than APTV, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.59 | ||
| EV/EBITDA | 7.19 |
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.
APTV has a very decent profitability rating, which may justify a higher PE ratio.
APTV's earnings are expected to grow with 14.34% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.69
PEG (5Y)1.9
EPS Next 2Y12.58%
EPS Next 3Y14.34%
5. Dividend
5.1 Amount
No dividends for APTV!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
67.6
-1.58 (-2.28%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners106.72%
Inst Owner Change-6.69%
Ins Owners0.53%
Ins Owner Change19.63%
Market Cap14.72B
Analysts79.33
Price Target75.47 (11.64%)
Short Float %2.48%
Short Ratio2.02
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)0.86%
PT rev (3m)-7.55%
EPS NQ rev (1m)-0.5%
EPS NQ rev (3m)-4.64%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.14%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)-2.01%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)-1.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.88 | ||
| Fwd PE | 8.45 | ||
| P/S | 0.75 | ||
| P/FCF | 8.59 | ||
| P/OCF | 5.95 | ||
| P/B | 1.64 | ||
| P/tB | 8.32 | ||
| EV/EBITDA | 7.19 |
EPS(TTM)6.84
EY10.12%
EPS(NY)8
Fwd EY11.83%
FCF(TTM)7.87
FCFY11.64%
OCF(TTM)11.37
OCFY16.82%
SpS90.19
BVpS41.16
TBVpS8.12
PEG (NY)0.69
PEG (5Y)1.9
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
WACC4.49%
ROIC/WACC2.25
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 Y14.26%
EPS Next 2Y12.58%
EPS Next 3Y14.34%
EPS Next 5Y14.53%
Revenue 1Y (TTM)-2.47%
Revenue growth 3Y8.07%
Revenue growth 5Y6.55%
Sales Q2Q%-1.55%
Revenue Next Year-0.32%
Revenue Next 2Y1.95%
Revenue Next 3Y3.31%
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%