GENTEX CORP (GNTX)

US3719011096 - Common Stock

34.65  +0.03 (+0.09%)

After market: 34.65 0 (0%)

Fundamental Rating

8

Overall GNTX gets a fundamental rating of 8 out of 10. We evaluated GNTX against 43 industry peers in the Automobile Components industry. GNTX gets an excellent profitability rating and is at the same time showing great financial health properties. GNTX has a decent growth rate and is not valued too expensively. GNTX also has an excellent dividend rating. These ratings could make GNTX a good candidate for dividend and quality investing.



8

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.
GNTX had positive earnings in each of the past 5 years.
GNTX had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

With an excellent Return On Assets value of 15.94%, GNTX belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
Looking at the Return On Equity, with a value of 18.20%, GNTX belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
GNTX's Return On Invested Capital of 18.17% is amongst the best of the industry. GNTX outperforms 92.86% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GNTX is significantly above the industry average of 9.31%.
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 RankSector 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

GNTX has a better Profit Margin (18.50%) than 100.00% of its industry peers.
In the last couple of years the Profit Margin of GNTX has declined.
GNTX has a Operating Margin of 21.89%. This is amongst the best in the industry. GNTX outperforms 100.00% of its industry peers.
GNTX's Operating Margin has declined in the last couple of years.
The Gross Margin of GNTX (33.78%) is better than 85.71% of its industry peers.
In the last couple of years the Gross Margin of GNTX has declined.
Industry RankSector 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%

10

2. Health

2.1 Basic Checks

GNTX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for GNTX has been reduced compared to 1 year ago.
GNTX has less shares outstanding than it did 5 years ago.
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.

2.2 Solvency

An Altman-Z score of 16.81 indicates that GNTX is not in any danger for bankruptcy at the moment.
GNTX has a better Altman-Z score (16.81) than 97.62% 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 RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 16.81
ROIC/WACC1.65
WACC11.03%

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.
GNTX has a Current ratio of 3.52. This is amongst the best in the industry. GNTX outperforms 85.71% of its industry peers.
A Quick Ratio of 2.09 indicates that GNTX has no problem at all paying its short term obligations.
GNTX has a Quick ratio of 2.09. This is amongst the best in the industry. GNTX outperforms 80.95% of its industry peers.
Industry RankSector Rank
Current Ratio 3.52
Quick Ratio 2.09

6

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.
GNTX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.85%.
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 growth Q2Q11.9%
Revenue 1Y (TTM)16.85%
Revenue growth 3Y10.85%
Revenue growth 5Y4.62%
Revenue growth Q2Q7.17%

3.2 Future

GNTX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.78% yearly.
The Revenue is expected to grow by 5.82% on average over the next years.
EPS Next Y17.52%
EPS Next 2Y16.03%
EPS Next 3Y13.58%
EPS Next 5Y10.78%
Revenue Next Year10.61%
Revenue Next 2Y8.72%
Revenue Next 3Y7.93%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

4

4. Valuation

4.1 Price/Earnings Ratio

GNTX is valuated rather expensively with a Price/Earnings ratio of 18.33.
Based on the Price/Earnings ratio, GNTX is valued a bit cheaper than 61.90% of the companies in the same industry.
GNTX is valuated rather cheaply when we compare the Price/Earnings ratio to 28.60, which is the current average of the S&P500 Index.
GNTX is valuated correctly with a Price/Forward Earnings ratio of 13.99.
GNTX's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.15. GNTX is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 18.33
Fwd PE 13.99

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 64.29% of the companies in the same industry.
GNTX's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 21.79
EV/EBITDA 12.78

4.3 Compensation for Growth

GNTX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
GNTX has an outstanding profitability rating, which 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)1.05
PEG (5Y)7.47
EPS Next 2Y16.03%
EPS Next 3Y13.58%

7

5. Dividend

5.1 Amount

GNTX has a Yearly Dividend Yield of 1.39%.
GNTX's Dividend Yield is rather good when compared to the industry average which is at 2.54. GNTX pays more dividend than 80.95% of the companies in the same industry.
With a Dividend Yield of 1.39, GNTX pays less dividend than the S&P500 average, which is at 2.32.
Industry RankSector 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.19%
Div Incr Years0
Div Non Decr Years17

5.3 Sustainability

25.85% of the earnings are spent on dividend by GNTX. This is a low number and sustainable payout ratio.
The dividend of GNTX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.85%
EPS Next 2Y16.03%
EPS Next 3Y13.58%

GENTEX CORP

NASDAQ:GNTX (5/17/2024, 7:02:16 PM)

After market: 34.65 0 (0%)

34.65

+0.03 (+0.09%)

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 RankSector 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)
Avg EPS beat(12)
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 RankSector Rank
PE 18.33
Fwd PE 13.99
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)1.05
PEG (5Y)7.47
Profitability
Industry RankSector 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 RankSector 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)
Growth
EPS 1Y (TTM)34.04%
EPS 3Y8.51%
EPS 5Y
EPS growth Q2Q
EPS Next Y17.52%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.85%
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