GENTEX CORP (GNTX)
US3719011096 - Common Stock
Taking everything into account, GNTX scores 7 out of 10 in our fundamental rating. GNTX was compared to 42 industry peers in the Automobile Components industry. GNTX has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. GNTX is not valued too expensively and it also shows a decent growth rate. These ratings could make GNTX a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
In the past year GNTX was profitable.
In the past year GNTX had a positive cash flow from operations.
In the past 5 years GNTX has always been profitable.
Each year in the past 5 years GNTX had a positive operating cash flow.
1.2 Ratios
GNTX's Return On Assets of 16.16% is amongst the best of the industry. GNTX outperforms 95.24% of its industry peers.
GNTX's Return On Equity of 18.25% is amongst the best of the industry. GNTX outperforms 85.71% of its industry peers.
GNTX's Return On Invested Capital of 18.12% is amongst the best of the industry. GNTX outperforms 92.86% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GNTX is significantly above the industry average of 9.29%.
The last Return On Invested Capital (18.12%) for GNTX is above the 3 year average (17.11%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.16% | ||
| ROE | 18.25% | ||
| ROIC | 18.12% |
ROA(3y)15.44%
ROA(5y)16.25%
ROE(3y)17.26%
ROE(5y)18.17%
ROIC(3y)17.11%
ROIC(5y)17.91%
1.3 Margins
The Profit Margin of GNTX (18.36%) is better than 100.00% of its industry peers.
In the last couple of years the Profit Margin of GNTX has declined.
GNTX has a better Operating Margin (21.56%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of GNTX has declined.
The Gross Margin of GNTX (33.17%) is better than 83.33% of its industry peers.
GNTX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.56% | ||
| PM (TTM) | 18.36% | ||
| GM | 33.17% |
OM growth 3Y-3.76%
OM growth 5Y-4.89%
PM growth 3Y-3.29%
PM growth 5Y-5.12%
GM growth 3Y-2.78%
GM growth 5Y-2.5%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GNTX is creating some value.
GNTX has less shares outstanding than it did 1 year ago.
The number of shares outstanding for GNTX has been reduced compared to 5 years ago.
GNTX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 18.88 indicates that GNTX is not in any danger for bankruptcy at the moment.
GNTX's Altman-Z score of 18.88 is amongst the best of the industry. GNTX outperforms 100.00% of its industry peers.
There is no outstanding debt for GNTX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 18.88 |
ROIC/WACC1.57
WACC11.52%
2.3 Liquidity
A Current Ratio of 3.67 indicates that GNTX has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.67, GNTX belongs to the top of the industry, outperforming 80.95% of the companies in the same industry.
A Quick Ratio of 2.19 indicates that GNTX has no problem at all paying its short term obligations.
GNTX has a Quick ratio of 2.19. This is in the better half of the industry: GNTX outperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.67 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
GNTX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.29%, which is quite impressive.
Measured over the past 5 years, GNTX shows a small growth in Earnings Per Share. The EPS has been growing by 2.45% on average per year.
The Revenue has grown by 19.82% in the past year. This is quite good.
The Revenue has been growing slightly by 4.62% on average over the past years.
EPS 1Y (TTM)35.29%
EPS 3Y8.51%
EPS 5Y2.45%
EPS growth Q2Q35.14%
Revenue 1Y (TTM)19.82%
Revenue growth 3Y10.85%
Revenue growth 5Y4.62%
Revenue growth Q2Q19.35%
3.2 Future
Based on estimates for the next years, GNTX will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.56% on average per year.
Based on estimates for the next years, GNTX will show a small growth in Revenue. The Revenue will grow by 6.87% on average per year.
EPS Next Y17.52%
EPS Next 2Y16.03%
EPS Next 3Y13.58%
EPS Next 5Y13.56%
Revenue Next Year10.61%
Revenue Next 2Y8.72%
Revenue Next 3Y7.93%
Revenue Next 5Y6.87%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 18.83, GNTX is valued on the expensive side.
Based on the Price/Earnings ratio, GNTX is valued a bit cheaper than 61.90% of the companies in the same industry.
When comparing the Price/Earnings ratio of GNTX to the average of the S&P500 Index (25.20), we can say GNTX is valued slightly cheaper.
With a Price/Forward Earnings ratio of 16.02, GNTX is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GNTX is on the same level as its industry peers.
GNTX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.83 | ||
| Fwd PE | 16.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GNTX is valued a bit more expensive than the industry average as 61.90% of the companies are valued more cheaply.
The rest of the industry has a similar Price/Free Cash Flow ratio as GNTX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.96 | ||
| EV/EBITDA | 13.37 |
4.3 Compensation for Growth
GNTX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of GNTX may justify a higher PE ratio.
GNTX's earnings are expected to grow with 13.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.07
PEG (5Y)7.68
EPS Next 2Y16.03%
EPS Next 3Y13.58%
5. Dividend
5.1 Amount
GNTX has a Yearly Dividend Yield of 1.43%.
Compared to an average industry Dividend Yield of 2.80, GNTX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, GNTX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.43% |
5.2 History
The dividend of GNTX has a limited annual growth rate of 2.19%.
GNTX has paid a dividend for at least 10 years, which is a reliable track record.
GNTX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.19%
Div Incr Years0
Div Non Decr Years17
5.3 Sustainability
GNTX pays out 26.57% of its income as dividend. This is a sustainable payout ratio.
The dividend of GNTX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP26.57%
EPS Next 2Y16.03%
EPS Next 3Y13.58%
GENTEX CORP
NASDAQ:GNTX (4/25/2024, 7:00:01 PM)
After market: 35.5 +0.85 (+2.45%)34.65
-0.51 (-1.45%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.02B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.43% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.83 | ||
| Fwd PE | 16.02 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.07
PEG (5Y)7.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.16% | ||
| ROE | 18.25% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.56% | ||
| PM (TTM) | 18.36% | ||
| GM | 33.17% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.88
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.67 | ||
| Quick Ratio | 2.19 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)35.29%
EPS 3Y8.51%
EPS 5Y
EPS growth Q2Q
EPS Next Y17.52%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.82%
Revenue growth 3Y10.85%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y