PHINIA INC (PHIN) Stock Fundamental Analysis
NYSE:PHIN - New York Stock Exchange, Inc. - US71880K1016 - Common Stock - Currency: USD
Overall PHIN gets a fundamental rating of 4 out of 10. We evaluated PHIN against 80 industry peers in the Automobile Components industry. While PHIN is still in line with the averages on profitability rating, there are concerns on its financial health. PHIN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year PHIN was profitable.
PHIN had a positive operating cash flow in the past year.
PHIN had positive earnings in 4 of the past 5 years.
Of the past 5 years PHIN 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.77%, PHIN is doing worse than 66.25% of the companies in the same industry.
Looking at the Return On Equity, with a value of 6.64%, PHIN is doing worse than 65.00% of the companies in the same industry.
PHIN has a Return On Invested Capital of 8.31%. This is amongst the best in the industry. PHIN outperforms 87.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PHIN is in line with the industry average of 8.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.77% | ||
| ROE | 6.64% | ||
| ROIC | 8.31% |
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 Profit Margin of 3.22%. This is in the lower half of the industry: PHIN underperforms 63.75% of its industry peers.
PHIN's Profit Margin has declined in the last couple of years.
The Operating Margin of PHIN (9.05%) is worse than 61.25% of its industry peers.
In the last couple of years the Operating Margin of PHIN has grown nicely.
Looking at the Gross Margin, with a value of 22.19%, PHIN is doing worse than 67.50% 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 | 9.05% | ||
| PM (TTM) | 3.22% | ||
| GM | 22.19% |
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.
PHIN has less shares outstanding than it did 1 year ago.
PHIN has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.95 indicates that PHIN is not a great score, but indicates only limited risk for bankruptcy at the moment.
PHIN's Altman-Z score of 1.95 is on the low side compared to the rest of the industry. PHIN is outperformed by 75.00% of its industry peers.
PHIN has a debt to FCF ratio of 6.56. This is a slightly negative value and a sign of low solvency as PHIN would need 6.56 years to pay back of all of its debts.
The Debt to FCF ratio of PHIN (6.56) is worse than 68.75% of its industry peers.
PHIN has a Debt/Equity ratio of 0.59. This is a neutral value indicating PHIN is somewhat dependend on debt financing.
The Debt to Equity ratio of PHIN (0.59) is worse than 73.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 6.56 | ||
| Altman-Z | 1.95 |
ROIC/WACC0.94
WACC8.83%
2.3 Liquidity
PHIN has a Current Ratio of 1.86. This is a normal value and indicates that PHIN is financially healthy and should not expect problems in meeting its short term obligations.
PHIN's Current ratio of 1.86 is fine compared to the rest of the industry. PHIN outperforms 70.00% of its industry peers.
PHIN has a Quick Ratio of 1.36. This is a normal value and indicates that PHIN is financially healthy and should not expect problems in meeting its short term obligations.
PHIN has a better Quick ratio (1.36) than 77.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 60.83% over the past year.
PHIN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -18.27% yearly.
PHIN shows a decrease in Revenue. In the last year, the revenue decreased by -4.30%.
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)60.83%
EPS 3Y-18.27%
EPS 5YN/A
EPS Q2Q%44.32%
Revenue 1Y (TTM)-4.3%
Revenue growth 3Y1.79%
Revenue growth 5YN/A
Sales Q2Q%2.53%
3.2 Future
PHIN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.79% yearly.
The Revenue is expected to grow by 0.83% on average over the next years.
EPS Next Y8.53%
EPS Next 2Y12.17%
EPS Next 3Y10.79%
EPS Next 5YN/A
Revenue Next Year-1.1%
Revenue Next 2Y0.43%
Revenue Next 3Y0.83%
Revenue Next 5YN/A
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.72, which indicates a correct valuation of PHIN.
65.00% of the companies in the same industry are more expensive than PHIN, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.48. PHIN is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 10.77 indicates a reasonable valuation of PHIN.
The rest of the industry has a similar Price/Forward Earnings ratio as PHIN.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.04, PHIN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.72 | ||
| Fwd PE | 10.77 |
4.2 Price Multiples
63.75% of the companies in the same industry are more expensive than PHIN, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PHIN indicates a somewhat cheap valuation: PHIN is cheaper than 65.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.4 | ||
| EV/EBITDA | 5.74 |
4.3 Compensation for Growth
PHIN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.49
PEG (5Y)N/A
EPS Next 2Y12.17%
EPS Next 3Y10.79%
5. Dividend
5.1 Amount
PHIN has a Yearly Dividend Yield of 2.13%.
Compared to an average industry Dividend Yield of 3.99, PHIN has a dividend in line with its industry peers.
PHIN's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.13% |
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
38.89% of the earnings are spent on dividend by PHIN. This is a low number and sustainable payout ratio.
DP38.89%
EPS Next 2Y12.17%
EPS Next 3Y10.79%
52.02
+0.87 (+1.7%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners101.37%
Inst Owner Change0.37%
Ins Owners2.18%
Ins Owner Change5.68%
Market Cap2.02B
Analysts78.18
Price Target50.39 (-3.13%)
Short Float %8.76%
Short Ratio7.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.13% |
Yearly Dividend1
Dividend Growth(5Y)N/A
DP38.89%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.13%
Min EPS beat(2)-9.06%
Max EPS beat(2)21.33%
EPS beat(4)2
Avg EPS beat(4)7.36%
Min EPS beat(4)-17.79%
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)0
Avg Revenue beat(2)-2.09%
Min Revenue beat(2)-4.17%
Max Revenue beat(2)-0.01%
Revenue beat(4)1
Avg Revenue beat(4)-1.67%
Min Revenue beat(4)-4.31%
Max Revenue beat(4)1.82%
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)1.65%
PT rev (3m)-10.59%
EPS NQ rev (1m)6.24%
EPS NQ rev (3m)2.09%
EPS NY rev (1m)1.51%
EPS NY rev (3m)1.33%
Revenue NQ rev (1m)3.47%
Revenue NQ rev (3m)-0.07%
Revenue NY rev (1m)1.61%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.72 | ||
| Fwd PE | 10.77 | ||
| P/S | 0.6 | ||
| P/FCF | 13.4 | ||
| P/OCF | 7.64 | ||
| P/B | 1.24 | ||
| P/tB | 2.75 | ||
| EV/EBITDA | 5.74 |
EPS(TTM)4.09
EY7.86%
EPS(NY)4.83
Fwd EY9.29%
FCF(TTM)3.88
FCFY7.46%
OCF(TTM)6.81
OCFY13.1%
SpS86.32
BVpS41.83
TBVpS18.89
PEG (NY)1.49
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.77% | ||
| ROE | 6.64% | ||
| ROCE | 10.52% | ||
| ROIC | 8.31% | ||
| ROICexc | 9.45% | ||
| ROICexgc | 14.56% | ||
| OM | 9.05% | ||
| PM (TTM) | 3.22% | ||
| GM | 22.19% | ||
| FCFM | 4.5% |
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 Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 6.56 | ||
| Debt/EBITDA | 2.1 | ||
| Cap/Depr | 73.55% | ||
| Cap/Sales | 3.39% | ||
| Interest Coverage | 6.61 | ||
| Cash Conversion | 57.73% | ||
| Profit Quality | 139.82% | ||
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 1.95 |
F-Score7
WACC8.83%
ROIC/WACC0.94
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)60.83%
EPS 3Y-18.27%
EPS 5YN/A
EPS Q2Q%44.32%
EPS Next Y8.53%
EPS Next 2Y12.17%
EPS Next 3Y10.79%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.3%
Revenue growth 3Y1.79%
Revenue growth 5YN/A
Sales Q2Q%2.53%
Revenue Next Year-1.1%
Revenue Next 2Y0.43%
Revenue Next 3Y0.83%
Revenue Next 5YN/A
EBIT growth 1Y-8.16%
EBIT growth 3Y10.45%
EBIT growth 5YN/A
EBIT Next Year40.74%
EBIT Next 3Y14.44%
EBIT Next 5YN/A
FCF growth 1Y103%
FCF growth 3Y487.71%
FCF growth 5YN/A
OCF growth 1Y23.2%
OCF growth 3Y27.96%
OCF growth 5YN/A