PHINIA INC (PHIN) Stock Fundamental Analysis
NYSE:PHIN - New York Stock Exchange, Inc. - US71880K1016 - Common Stock - Currency: USD
PHIN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 81 industry peers in the Automobile Components industry. PHIN may be in some trouble as it scores bad on both profitability and health. PHIN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
PHIN had positive earnings in the past year.
PHIN had a positive operating cash flow in the past year.
Of the past 5 years PHIN 4 years were profitable.
PHIN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
PHIN's Return On Assets of 2.03% is on the low side compared to the rest of the industry. PHIN is outperformed by 67.90% of its industry peers.
The Return On Equity of PHIN (4.94%) is worse than 66.67% of its industry peers.
With a Return On Invested Capital value of 8.35%, PHIN is not doing good in the industry: 61.73% of the companies in the same industry are doing better.
PHIN had an Average Return On Invested Capital over the past 3 years of 9.27%. This is in line with the industry average of 9.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.03% | ||
| ROE | 4.94% | ||
| ROIC | 8.35% |
ROA(3y)3.68%
ROA(5y)N/A
ROE(3y)8.79%
ROE(5y)N/A
ROIC(3y)9.27%
ROIC(5y)N/A
1.3 Margins
PHIN has a worse Profit Margin (2.28%) than 65.43% of its industry peers.
In the last couple of years the Profit Margin of PHIN has declined.
The Operating Margin of PHIN (8.81%) is worse than 60.49% of its industry peers.
PHIN's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 22.06%, PHIN is doing worse than 66.67% of the companies in the same industry.
In the last couple of years the Gross Margin of PHIN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.81% | ||
| PM (TTM) | 2.28% | ||
| GM | 22.06% |
OM growth 3Y8.51%
OM growth 5YN/A
PM growth 3Y-21.01%
PM growth 5YN/A
GM growth 3Y1.98%
GM growth 5YN/A
2. Health
2.1 Basic Checks
PHIN 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 PHIN has been reduced compared to 1 year ago.
Compared to 1 year ago, PHIN has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.89 indicates that PHIN is not a great score, but indicates only limited risk for bankruptcy at the moment.
PHIN has a worse Altman-Z score (1.89) than 75.31% of its industry peers.
PHIN has a debt to FCF ratio of 4.50. This is a neutral value as PHIN would need 4.50 years to pay back of all of its debts.
PHIN's Debt to FCF ratio of 4.50 is on the low side compared to the rest of the industry. PHIN is outperformed by 60.49% of its industry peers.
A Debt/Equity ratio of 0.63 indicates that PHIN is somewhat dependend on debt financing.
PHIN has a worse Debt to Equity ratio (0.63) than 72.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.5 | ||
| Altman-Z | 1.89 |
ROIC/WACC0.9
WACC9.24%
2.3 Liquidity
A Current Ratio of 1.85 indicates that PHIN should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.85, PHIN is doing good in the industry, outperforming 72.84% of the companies in the same industry.
A Quick Ratio of 1.36 indicates that PHIN should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.36, PHIN is in the better half of the industry, outperforming 75.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
PHIN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.28%.
The earnings per share for PHIN have been decreasing by -18.27% on average. This is quite bad
Looking at the last year, PHIN shows a decrease in Revenue. The Revenue has decreased by -5.44% in the last year.
Measured over the past years, PHIN shows a small growth in Revenue. The Revenue has been growing by 1.79% on average per year.
EPS 1Y (TTM)-14.28%
EPS 3Y-18.27%
EPS 5YN/A
EPS Q2Q%-12.96%
Revenue 1Y (TTM)-5.44%
Revenue growth 3Y1.79%
Revenue growth 5YN/A
Sales Q2Q%-7.76%
3.2 Future
PHIN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.83% yearly.
Based on estimates for the next years, PHIN will show a decrease in Revenue. The Revenue will decrease by -0.07% on average per year.
EPS Next Y7.92%
EPS Next 2Y12.62%
EPS Next 3Y7.83%
EPS Next 5YN/A
Revenue Next Year-2.7%
Revenue Next 2Y-0.32%
Revenue Next 3Y-0.07%
Revenue Next 5YN/A
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
Based on the Price/Earnings ratio of 11.37, the valuation of PHIN can be described as reasonable.
61.73% of the companies in the same industry are more expensive than PHIN, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.31, PHIN is valued rather cheaply.
The Price/Forward Earnings ratio is 8.64, which indicates a very decent valuation of PHIN.
Based on the Price/Forward Earnings ratio, PHIN is valued a bit cheaper than the industry average as 60.49% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of PHIN to the average of the S&P500 Index (22.13), we can say PHIN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.37 | ||
| Fwd PE | 8.64 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PHIN indicates a somewhat cheap valuation: PHIN is cheaper than 61.73% of the companies listed in the same industry.
70.37% of the companies in the same industry are more expensive than PHIN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.61 | ||
| EV/EBITDA | 5.09 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.44
PEG (5Y)N/A
EPS Next 2Y12.62%
EPS Next 3Y7.83%
5. Dividend
5.1 Amount
PHIN has a Yearly Dividend Yield of 2.47%. Purely for dividend investing, there may be better candidates out there.
PHIN's Dividend Yield is comparable with the industry average which is at 4.23.
Compared to an average S&P500 Dividend Yield of 2.40, PHIN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.47% |
5.2 History
PHIN has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PHIN pays out 56.58% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP56.58%
EPS Next 2Y12.62%
EPS Next 3Y7.83%
42.07
-1.72 (-3.93%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners101.37%
Inst Owner Change-4.94%
Ins Owners2.18%
Ins Owner Change2.53%
Market Cap1.67B
Analysts78.33
Price Target50.49 (20.01%)
Short Float %6.28%
Short Ratio4.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.47% |
Yearly Dividend1
Dividend Growth(5Y)N/A
DP56.58%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.42%
Min EPS beat(2)-17.79%
Max EPS beat(2)-9.06%
EPS beat(4)1
Avg EPS beat(4)-4.22%
Min EPS beat(4)-24.98%
Max EPS beat(4)34.95%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.18%
Min Revenue beat(2)-4.17%
Max Revenue beat(2)1.82%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.6%
PT rev (3m)-13.16%
EPS NQ rev (1m)-2.81%
EPS NQ rev (3m)2.23%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.13%
Revenue NQ rev (1m)-0.71%
Revenue NQ rev (3m)0.34%
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)-1.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.37 | ||
| Fwd PE | 8.64 | ||
| P/S | 0.5 | ||
| P/FCF | 7.61 | ||
| P/OCF | 5.28 | ||
| P/B | 1.09 | ||
| P/tB | 2.47 | ||
| EV/EBITDA | 5.09 |
EPS(TTM)3.7
EY8.79%
EPS(NY)4.87
Fwd EY11.58%
FCF(TTM)5.53
FCFY13.14%
OCF(TTM)7.96
OCFY18.93%
SpS83.82
BVpS38.62
TBVpS17.01
PEG (NY)1.44
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.03% | ||
| ROE | 4.94% | ||
| ROCE | 10.58% | ||
| ROIC | 8.35% | ||
| ROICexc | 9.65% | ||
| ROICexgc | 15.01% | ||
| OM | 8.81% | ||
| PM (TTM) | 2.28% | ||
| GM | 22.06% | ||
| FCFM | 6.59% |
ROA(3y)3.68%
ROA(5y)N/A
ROE(3y)8.79%
ROE(5y)N/A
ROIC(3y)9.27%
ROIC(5y)N/A
ROICexc(3y)10.65%
ROICexc(5y)N/A
ROICexgc(3y)16.59%
ROICexgc(5y)N/A
ROCE(3y)11.76%
ROCE(5y)N/A
ROICexcg growth 3Y17.73%
ROICexcg growth 5YN/A
ROICexc growth 3Y16.92%
ROICexc growth 5YN/A
OM growth 3Y8.51%
OM growth 5YN/A
PM growth 3Y-21.01%
PM growth 5YN/A
GM growth 3Y1.98%
GM growth 5YN/A
F-Score7
Asset Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.5 | ||
| Debt/EBITDA | 2.14 | ||
| Cap/Depr | 62.18% | ||
| Cap/Sales | 2.91% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.44% | ||
| Profit Quality | 289.47% | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 1.89 |
F-Score7
WACC9.24%
ROIC/WACC0.9
Cap/Depr(3y)72.1%
Cap/Depr(5y)74.99%
Cap/Sales(3y)3.52%
Cap/Sales(5y)4.06%
Profit Quality(3y)143.27%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.28%
EPS 3Y-18.27%
EPS 5YN/A
EPS Q2Q%-12.96%
EPS Next Y7.92%
EPS Next 2Y12.62%
EPS Next 3Y7.83%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.44%
Revenue growth 3Y1.79%
Revenue growth 5YN/A
Sales Q2Q%-7.76%
Revenue Next Year-2.7%
Revenue Next 2Y-0.32%
Revenue Next 3Y-0.07%
Revenue Next 5YN/A
EBIT growth 1Y-16.71%
EBIT growth 3Y10.45%
EBIT growth 5YN/A
EBIT Next Year40.74%
EBIT Next 3Y14.44%
EBIT Next 5YN/A
FCF growth 1Y50.68%
FCF growth 3Y487.71%
FCF growth 5YN/A
OCF growth 1Y24.8%
OCF growth 3Y27.96%
OCF growth 5YN/A