AUTOLIV INC (ALV)
US0528001094 - Common Stock
Overall ALV gets a fundamental rating of 5 out of 10. We evaluated ALV against 82 industry peers in the Automobile Components industry. ALV scores excellent on profitability, but there are concerns on its financial health. ALV has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
ALV had positive earnings in the past year.
In the past year ALV had a positive cash flow from operations.
In the past 5 years ALV has always been profitable.
Each year in the past 5 years ALV had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 7.57%, ALV belongs to the best of the industry, outperforming 90.24% of the companies in the same industry.
ALV's Return On Equity of 27.49% is amongst the best of the industry. ALV outperforms 98.78% of its industry peers.
ALV has a better Return On Invested Capital (15.86%) than 96.34% of its industry peers.
ALV had an Average Return On Invested Capital over the past 3 years of 11.91%. This is above the industry average of 9.42%.
The 3 year average ROIC (11.91%) for ALV is below the current ROIC(15.86%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.57% | ||
| ROE | 27.49% | ||
| ROIC | 15.86% |
ROA(3y)5.7%
ROA(5y)5.24%
ROE(3y)17.26%
ROE(5y)16.29%
ROIC(3y)11.91%
ROIC(5y)10.8%
1.3 Margins
The Profit Margin of ALV (5.98%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of ALV has grown nicely.
ALV has a Operating Margin of 9.22%. This is comparable to the rest of the industry: ALV outperforms 40.24% of its industry peers.
In the last couple of years the Operating Margin of ALV has grown nicely.
ALV has a Gross Margin of 18.12%. This is in the lower half of the industry: ALV underperforms 79.27% of its industry peers.
In the last couple of years the Gross Margin of ALV has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.22% | ||
| PM (TTM) | 5.98% | ||
| GM | 18.12% |
OM growth 3Y18.84%
OM growth 5Y1.73%
PM growth 3Y22.9%
PM growth 5Y16.25%
GM growth 3Y1.26%
GM growth 5Y-2.49%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ALV is creating value.
ALV has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, ALV has less shares outstanding
ALV has a better debt/assets ratio than last year.
2.2 Solvency
ALV has an Altman-Z score of 2.71. This is not the best score and indicates that ALV is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.71, ALV perfoms like the industry average, outperforming 59.76% of the companies in the same industry.
ALV has a debt to FCF ratio of 4.47. This is a neutral value as ALV would need 4.47 years to pay back of all of its debts.
ALV has a Debt to FCF ratio of 4.47. This is in the lower half of the industry: ALV underperforms 63.41% of its industry peers.
ALV has a Debt/Equity ratio of 0.84. This is a neutral value indicating ALV is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.84, ALV is doing worse than 82.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 4.47 | ||
| Altman-Z | 2.71 |
ROIC/WACC2.64
WACC6%
2.3 Liquidity
ALV has a Current Ratio of 0.96. This is a bad value and indicates that ALV is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.96, ALV is not doing good in the industry: 95.12% of the companies in the same industry are doing better.
ALV has a Quick Ratio of 0.96. This is a bad value and indicates that ALV is not financially healthy enough and could expect problems in meeting its short term obligations.
ALV's Quick ratio of 0.71 is on the low side compared to the rest of the industry. ALV is outperformed by 93.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
ALV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 42.88%, which is quite impressive.
Measured over the past 5 years, ALV shows a small growth in Earnings Per Share. The EPS has been growing by 4.36% on average per year.
The Revenue has been growing slightly by 4.64% in the past year.
ALV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.84% yearly.
EPS 1Y (TTM)42.88%
EPS 3Y37.73%
EPS 5Y4.36%
EPS Q2Q%10.84%
Revenue 1Y (TTM)4.64%
Revenue growth 3Y12.04%
Revenue growth 5Y3.84%
Sales Q2Q%-1.58%
3.2 Future
Based on estimates for the next years, ALV will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.79% on average per year.
The Revenue is expected to grow by 4.34% on average over the next years.
EPS Next Y0.89%
EPS Next 2Y11.41%
EPS Next 3Y13.64%
EPS Next 5Y10.79%
Revenue Next Year0.56%
Revenue Next 2Y2.53%
Revenue Next 3Y3.44%
Revenue Next 5Y4.34%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 10.18, which indicates a very decent valuation of ALV.
69.51% of the companies in the same industry are more expensive than ALV, based on the Price/Earnings ratio.
ALV is valuated cheaply when we compare the Price/Earnings ratio to 27.73, which is the current average of the S&P500 Index.
ALV is valuated reasonably with a Price/Forward Earnings ratio of 9.00.
ALV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ALV is cheaper than 62.20% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, ALV is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.18 | ||
| Fwd PE | 9 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ALV.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ALV is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.51 | ||
| EV/EBITDA | 6.37 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ALV has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ALV's earnings are expected to grow with 13.64% in the coming years.
PEG (NY)11.49
PEG (5Y)2.34
EPS Next 2Y11.41%
EPS Next 3Y13.64%
5. Dividend
5.1 Amount
ALV has a Yearly Dividend Yield of 3.07%.
Compared to an average industry Dividend Yield of 4.23, ALV has a dividend in line with its industry peers.
ALV's Dividend Yield is a higher than the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.07% |
5.2 History
The dividend of ALV has a limited annual growth rate of 1.61%.
ALV has paid a dividend for at least 10 years, which is a reliable track record.
ALV has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.61%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
34.98% of the earnings are spent on dividend by ALV. This is a low number and sustainable payout ratio.
ALV's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP34.98%
EPS Next 2Y11.41%
EPS Next 3Y13.64%
AUTOLIV INC
NYSE:ALV (12/20/2024, 8:04:00 PM)
After market: 91.9 0 (0%)91.9
+0.63 (+0.69%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners75.46%
Inst Owner Change-1.89%
Ins Owners0.17%
Ins Owner Change0.09%
Market Cap7.17B
Analysts76.8
Price Target120.38 (30.99%)
Short Float %3.27%
Short Ratio3.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.07% |
Dividend Growth(5Y)1.61%
DP34.98%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.72%
Min EPS beat(2)-17%
Max EPS beat(2)-6.44%
EPS beat(4)2
Avg EPS beat(4)-0.23%
Min EPS beat(4)-17%
Max EPS beat(4)12.67%
EPS beat(8)4
Avg EPS beat(8)2.06%
EPS beat(12)6
Avg EPS beat(12)9.15%
EPS beat(16)8
Avg EPS beat(16)7.29%
Revenue beat(2)0
Avg Revenue beat(2)-2.92%
Min Revenue beat(2)-5.72%
Max Revenue beat(2)-0.12%
Revenue beat(4)0
Avg Revenue beat(4)-1.86%
Min Revenue beat(4)-5.72%
Max Revenue beat(4)-0.12%
Revenue beat(8)2
Avg Revenue beat(8)-0.79%
Revenue beat(12)3
Avg Revenue beat(12)-1.26%
Revenue beat(16)5
Avg Revenue beat(16)-1.27%
PT rev (1m)-2.26%
PT rev (3m)-3.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.42%
EPS NY rev (1m)-0.27%
EPS NY rev (3m)-3.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.85%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.18 | ||
| Fwd PE | 9 | ||
| P/S | 0.68 | ||
| P/FCF | 14.51 | ||
| P/OCF | 6.6 | ||
| P/B | 3.13 | ||
| P/tB | 7.95 | ||
| EV/EBITDA | 6.37 |
EPS(TTM)9.03
EY9.83%
EPS(NY)10.21
Fwd EY11.12%
FCF(TTM)6.33
FCFY6.89%
OCF(TTM)13.93
OCFY15.16%
SpS134.93
BVpS29.33
TBVpS11.56
PEG (NY)11.49
PEG (5Y)2.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.57% | ||
| ROE | 27.49% | ||
| ROCE | 22.71% | ||
| ROIC | 15.86% | ||
| ROICexc | 17.43% | ||
| ROICexgc | 26.07% | ||
| OM | 9.22% | ||
| PM (TTM) | 5.98% | ||
| GM | 18.12% | ||
| FCFM | 4.69% |
ROA(3y)5.7%
ROA(5y)5.24%
ROE(3y)17.26%
ROE(5y)16.29%
ROIC(3y)11.91%
ROIC(5y)10.8%
ROICexc(3y)13.99%
ROICexc(5y)12.68%
ROICexgc(3y)21.93%
ROICexgc(5y)19.89%
ROCE(3y)16.42%
ROCE(5y)14.71%
ROICexcg growth 3Y29.1%
ROICexcg growth 5Y-2.08%
ROICexc growth 3Y30.82%
ROICexc growth 5Y1.07%
OM growth 3Y18.84%
OM growth 5Y1.73%
PM growth 3Y22.9%
PM growth 5Y16.25%
GM growth 3Y1.26%
GM growth 5Y-2.49%
F-Score7
Asset Turnover1.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 4.47 | ||
| Debt/EBITDA | 1.41 | ||
| Cap/Depr | 153.63% | ||
| Cap/Sales | 5.63% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.16% | ||
| Profit Quality | 78.54% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z | 2.71 |
F-Score7
WACC6%
ROIC/WACC2.64
Cap/Depr(3y)143%
Cap/Depr(5y)131.9%
Cap/Sales(3y)5.88%
Cap/Sales(5y)5.58%
Profit Quality(3y)60.78%
Profit Quality(5y)97.37%
High Growth Momentum
Growth
EPS 1Y (TTM)42.88%
EPS 3Y37.73%
EPS 5Y4.36%
EPS Q2Q%10.84%
EPS Next Y0.89%
EPS Next 2Y11.41%
EPS Next 3Y13.64%
EPS Next 5Y10.79%
Revenue 1Y (TTM)4.64%
Revenue growth 3Y12.04%
Revenue growth 5Y3.84%
Sales Q2Q%-1.58%
Revenue Next Year0.56%
Revenue Next 2Y2.53%
Revenue Next 3Y3.44%
Revenue Next 5Y4.34%
EBIT growth 1Y22.63%
EBIT growth 3Y33.15%
EBIT growth 5Y5.63%
EBIT Next Year55.44%
EBIT Next 3Y25.27%
EBIT Next 5Y22.57%
FCF growth 1Y7157.14%
FCF growth 3Y-6.74%
FCF growth 5Y68.04%
OCF growth 1Y92.05%
OCF growth 3Y5.01%
OCF growth 5Y10.73%