GENTEX CORP (GNTX)
US3719011096 - Common Stock
Taking everything into account, GNTX scores 7 out of 10 in our fundamental rating. GNTX was compared to 81 industry peers in the Automobile Components industry. GNTX scores excellent points on both the profitability and health parts. This is a solid base for a good stock. GNTX is not valued too expensively and it also shows a decent growth rate. With these ratings, GNTX could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
GNTX had positive earnings in the past year.
In the past year GNTX had a positive cash flow from operations.
GNTX had positive earnings in each of the past 5 years.
Each year in the past 5 years GNTX had a positive operating cash flow.
1.2 Ratios
GNTX's Return On Assets of 15.94% is amongst the best of the industry. GNTX outperforms 97.53% of its industry peers.
The Return On Equity of GNTX (18.20%) is better than 92.59% of its industry peers.
The Return On Invested Capital of GNTX (18.17%) is better than 96.30% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GNTX is significantly above the industry average of 9.44%.
The last Return On Invested Capital (18.17%) for GNTX is above the 3 year average (17.11%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.94% | ||
| ROE | 18.2% | ||
| ROIC | 18.17% |
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 (18.50%) is better than 100.00% of its industry peers.
In the last couple of years the Profit Margin of GNTX has declined.
The Operating Margin of GNTX (21.89%) is better than 100.00% of its industry peers.
In the last couple of years the Operating Margin of GNTX has declined.
GNTX's Gross Margin of 33.78% is amongst the best of the industry. GNTX outperforms 91.36% of its industry peers.
GNTX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.89% | ||
| PM (TTM) | 18.5% | ||
| GM | 33.78% |
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) well above the Cost of Capital (WACC), GNTX is creating 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
GNTX has an Altman-Z score of 15.94. This indicates that GNTX is financially healthy and has little risk of bankruptcy at the moment.
GNTX's Altman-Z score of 15.94 is amongst the best of the industry. GNTX outperforms 98.77% 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 | 15.94 |
ROIC/WACC1.98
WACC9.2%
2.3 Liquidity
GNTX has a Current Ratio of 3.52. This indicates that GNTX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.52, GNTX belongs to the top of the industry, outperforming 92.59% of the companies in the same industry.
GNTX has a Quick Ratio of 2.09. This indicates that GNTX is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of GNTX (2.09) is better than 90.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.52 | ||
| Quick Ratio | 2.09 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 34.04% over the past year.
The Earnings Per Share has been growing slightly by 2.45% on average over the past years.
Looking at the last year, GNTX shows a quite strong growth in Revenue. The Revenue has grown by 16.85% in the last year.
The Revenue has been growing slightly by 4.62% on average over the past years.
EPS 1Y (TTM)34.04%
EPS 3Y8.51%
EPS 5Y2.45%
EPS Q2Q%11.9%
Revenue 1Y (TTM)16.85%
Revenue growth 3Y10.85%
Revenue growth 5Y4.62%
Sales Q2Q%7.17%
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 10.78% on average per year.
The Revenue is expected to grow by 5.82% on average over the next years.
EPS Next Y17.7%
EPS Next 2Y16.35%
EPS Next 3Y13.34%
EPS Next 5Y10.78%
Revenue Next Year10.35%
Revenue Next 2Y9.08%
Revenue Next 3Y7.91%
Revenue Next 5Y5.82%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GNTX is valuated correctly with a Price/Earnings ratio of 16.51.
Compared to the rest of the industry, the Price/Earnings ratio of GNTX is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 24.41. GNTX is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 12.53, the valuation of GNTX can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as GNTX.
When comparing the Price/Forward Earnings ratio of GNTX to the average of the S&P500 Index (20.59), we can say GNTX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.51 | ||
| Fwd PE | 12.53 |
4.2 Price Multiples
GNTX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. GNTX is more expensive than 72.84% of the companies in the same industry.
67.90% of the companies in the same industry are cheaper than GNTX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.61 | ||
| EV/EBITDA | 11.97 |
4.3 Compensation for Growth
GNTX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of GNTX may justify a higher PE ratio.
GNTX's earnings are expected to grow with 13.34% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.93
PEG (5Y)6.73
EPS Next 2Y16.35%
EPS Next 3Y13.34%
5. Dividend
5.1 Amount
GNTX has a Yearly Dividend Yield of 1.39%.
GNTX's Dividend Yield is comparable with the industry average which is at 3.67.
GNTX's Dividend Yield is slightly below the S&P500 average, which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
5.2 History
The dividend of GNTX has a limited annual growth rate of 2.19%.
GNTX has been paying a dividend for at least 10 years, so it has 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 Years20
5.3 Sustainability
25.85% of the earnings are spent on dividend by GNTX. This is a low number and sustainable payout ratio.
GNTX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP25.85%
EPS Next 2Y16.35%
EPS Next 3Y13.34%
GENTEX CORP
NASDAQ:GNTX (7/26/2024, 7:00:01 PM)
After market: 31 -0.2 (-0.64%)31.2
-1.36 (-4.18%)
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 Cap7.21B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.51 | ||
| Fwd PE | 12.53 | ||
| 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)0.93
PEG (5Y)6.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.94% | ||
| ROE | 18.2% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.89% | ||
| PM (TTM) | 18.5% | ||
| GM | 33.78% | ||
| 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 Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.52 | ||
| Quick Ratio | 2.09 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)34.04%
EPS 3Y8.51%
EPS 5Y
EPS Q2Q%
EPS Next Y17.7%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.85%
Revenue growth 3Y10.85%
Revenue growth 5Y
Sales 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