PHINIA INC (PHIN) Stock Fundamental Analysis
NYSE:PHIN - New York Stock Exchange, Inc. - US71880K1016 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to PHIN. PHIN was compared to 81 industry peers in the Automobile Components industry. PHIN has a bad profitability rating. Also its financial health evaluation is rather negative. PHIN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year PHIN was profitable.
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
The Return On Assets of PHIN (2.03%) is worse than 67.90% of its industry peers.
PHIN has a worse Return On Equity (4.94%) than 66.67% of its industry peers.
PHIN's Return On Invested Capital of 8.35% is on the low side compared to the rest of the industry. PHIN is outperformed by 61.73% 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 9.01%.
| 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
With a Profit Margin value of 2.28%, PHIN is not doing good in the industry: 65.43% of the companies in the same industry are doing better.
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.
The Gross Margin of PHIN (22.06%) is worse than 67.90% of its industry peers.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PHIN is creating some value.
Compared to 1 year ago, PHIN has less shares outstanding
Compared to 1 year ago, PHIN has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.91 indicates that PHIN is not a great score, but indicates only limited risk for bankruptcy at the moment.
PHIN's Altman-Z score of 1.91 is on the low side compared to the rest of the industry. PHIN is outperformed by 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 has a Debt to FCF ratio of 4.50. This is in the lower half of the industry: PHIN underperforms 60.49% of its industry peers.
A Debt/Equity ratio of 0.63 indicates that PHIN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.63, PHIN is doing worse than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.5 | ||
| Altman-Z | 1.91 |
ROIC/WACC0.98
WACC8.56%
2.3 Liquidity
PHIN has a Current Ratio of 1.85. This is a normal value and indicates that PHIN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.85, PHIN is doing good in the industry, outperforming 71.60% 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.
With a decent Quick ratio value of 1.36, PHIN is doing good in the industry, outperforming 76.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
The earnings per share for PHIN have decreased strongly by -14.28% in the last 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.
The Revenue has decreased by -5.44% in the past 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
The Earnings Per Share is expected to grow by 7.83% on average over the next years.
PHIN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.43% yearly.
EPS Next Y7.92%
EPS Next 2Y12.62%
EPS Next 3Y7.83%
EPS Next 5YN/A
Revenue Next Year-2.38%
Revenue Next 2Y-0.12%
Revenue Next 3Y-0.43%
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.
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
With a Price/Earnings ratio of 11.92, the valuation of PHIN can be described as very reasonable.
PHIN's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.70, PHIN is valued rather cheaply.
The Price/Forward Earnings ratio is 9.06, which indicates a very decent valuation of PHIN.
60.49% of the companies in the same industry are more expensive than PHIN, based on the Price/Forward Earnings ratio.
PHIN is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.49, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.92 | ||
| Fwd PE | 9.06 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PHIN is valued a bit cheaper than the industry average as 61.73% of the companies are valued more expensively.
71.60% 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 | 7.98 | ||
| EV/EBITDA | 5.28 |
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)1.5
PEG (5Y)N/A
EPS Next 2Y12.62%
EPS Next 3Y7.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.43%, PHIN has a reasonable but not impressive dividend return.
PHIN's Dividend Yield is comparable with the industry average which is at 4.08.
Compared to an average S&P500 Dividend Yield of 2.36, PHIN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
5.2 History
PHIN has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
56.58% of the earnings are spent on dividend by PHIN. This is a bit on the high side, but may be sustainable.
DP56.58%
EPS Next 2Y12.62%
EPS Next 3Y7.83%
44.12
-0.08 (-0.18%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners105.27%
Inst Owner Change-4.95%
Ins Owners1.86%
Ins Owner Change1.29%
Market Cap1.76B
Analysts78.33
Price Target50.8 (15.14%)
Short Float %6.16%
Short Ratio3.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
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)-14.14%
PT rev (3m)-10%
EPS NQ rev (1m)8.67%
EPS NQ rev (3m)-12.67%
EPS NY rev (1m)0.76%
EPS NY rev (3m)-11.17%
Revenue NQ rev (1m)2.71%
Revenue NQ rev (3m)-1.69%
Revenue NY rev (1m)-0.44%
Revenue NY rev (3m)-1.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.92 | ||
| Fwd PE | 9.06 | ||
| P/S | 0.53 | ||
| P/FCF | 7.98 | ||
| P/OCF | 5.54 | ||
| P/B | 1.14 | ||
| P/tB | 2.59 | ||
| EV/EBITDA | 5.28 |
EPS(TTM)3.7
EY8.39%
EPS(NY)4.87
Fwd EY11.04%
FCF(TTM)5.53
FCFY12.53%
OCF(TTM)7.96
OCFY18.05%
SpS83.82
BVpS38.62
TBVpS17.01
PEG (NY)1.5
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 | 1.91 |
F-Score7
WACC8.56%
ROIC/WACC0.98
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-2.38%
Revenue Next 2Y-0.12%
Revenue Next 3Y-0.43%
Revenue Next 5YN/A
EBIT growth 1Y-16.71%
EBIT growth 3Y10.45%
EBIT growth 5YN/A
EBIT Next Year47.89%
EBIT Next 3Y16.55%
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