GENTEX CORP (GNTX) Stock Fundamental Analysis
USA - NASDAQ:GNTX - US3719011096 - Common Stock
29.06 USD
+0.55 (+1.93%)
29.05 USD
-0.01 (-0.03%)
We assign a fundamental rating of 7 out of 10 to GNTX. GNTX was compared to 80 industry peers in the Automobile Components industry. GNTX has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. GNTX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
GNTX had positive earnings in the past year.
GNTX had a positive operating cash flow in the past year.
Each year in the past 5 years GNTX has been profitable.
Each year in the past 5 years GNTX had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 14.06%, GNTX belongs to the best of the industry, outperforming 98.75% of the companies in the same industry.
GNTX has a Return On Equity of 16.28%. This is amongst the best in the industry. GNTX outperforms 95.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 16.19%, GNTX belongs to the top of the industry, outperforming 96.25% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GNTX is significantly above the industry average of 8.51%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.06% | ||
| ROE | 16.28% | ||
| ROIC | 16.19% |
ROA(3y)14.7%
ROA(5y)15.27%
ROE(3y)16.54%
ROE(5y)17.08%
ROIC(3y)16.39%
ROIC(5y)16.87%
1.3 Margins
GNTX's Profit Margin of 16.59% is amongst the best of the industry. GNTX outperforms 100.00% of its industry peers.
GNTX's Profit Margin has declined in the last couple of years.
The Operating Margin of GNTX (19.76%) is better than 100.00% of its industry peers.
GNTX's Operating Margin has declined in the last couple of years.
GNTX has a Gross Margin of 33.54%. This is amongst the best in the industry. GNTX outperforms 92.50% of its industry peers.
In the last couple of years the Gross Margin of GNTX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.76% | ||
| PM (TTM) | 16.59% | ||
| GM | 33.54% |
OM growth 3Y-5.06%
OM growth 5Y-5.07%
PM growth 3Y-5.63%
PM growth 5Y-5.25%
GM growth 3Y-2.35%
GM growth 5Y-2.08%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GNTX is creating some value.
Compared to 1 year ago, GNTX has less shares outstanding
Compared to 5 years ago, GNTX has less shares outstanding
GNTX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
GNTX has an Altman-Z score of 12.39. This indicates that GNTX is financially healthy and has little risk of bankruptcy at the moment.
GNTX has a Altman-Z score of 12.39. This is amongst the best in the industry. GNTX outperforms 95.00% of its industry peers.
The Debt to FCF ratio of GNTX is 0.01, which is an excellent value as it means it would take GNTX, only 0.01 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.01, GNTX belongs to the top of the industry, outperforming 97.50% of the companies in the same industry.
GNTX has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
GNTX has a better Debt to Equity ratio (0.00) than 95.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 12.39 |
ROIC/WACC1.68
WACC9.65%
2.3 Liquidity
GNTX has a Current Ratio of 3.15. This indicates that GNTX is financially healthy and has no problem in meeting its short term obligations.
GNTX has a Current ratio of 3.15. This is amongst the best in the industry. GNTX outperforms 91.25% of its industry peers.
A Quick Ratio of 1.74 indicates that GNTX should not have too much problems paying its short term obligations.
The Quick ratio of GNTX (1.74) is better than 86.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.15 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
GNTX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.35%.
GNTX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.76% yearly.
Looking at the last year, GNTX shows a very negative growth in Revenue. The Revenue has decreased by -18.28% in the last year.
Measured over the past years, GNTX shows a small growth in Revenue. The Revenue has been growing by 4.47% on average per year.
EPS 1Y (TTM)3.35%
EPS 3Y6.5%
EPS 5Y1.76%
EPS Q2Q%27.03%
Revenue 1Y (TTM)-18.28%
Revenue growth 3Y10.14%
Revenue growth 5Y4.47%
Sales Q2Q%14.82%
3.2 Future
Based on estimates for the next years, GNTX will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.48% on average per year.
Based on estimates for the next years, GNTX will show a small growth in Revenue. The Revenue will grow by 7.37% on average per year.
EPS Next Y-0.81%
EPS Next 2Y6.12%
EPS Next 3Y9.07%
EPS Next 5Y14.48%
Revenue Next Year6.12%
Revenue Next 2Y6.31%
Revenue Next 3Y5.49%
Revenue Next 5Y7.37%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.71 indicates a correct valuation of GNTX.
GNTX's Price/Earnings ratio is in line with the industry average.
GNTX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
GNTX is valuated correctly with a Price/Forward Earnings ratio of 14.34.
The rest of the industry has a similar Price/Forward Earnings ratio as GNTX.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, GNTX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.71 | ||
| Fwd PE | 14.34 |
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 62.50% of the companies in the same industry.
61.25% of the companies in the same industry are more expensive than GNTX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.99 | ||
| EV/EBITDA | 10.89 |
4.3 Compensation for Growth
GNTX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)8.95
EPS Next 2Y6.12%
EPS Next 3Y9.07%
5. Dividend
5.1 Amount
GNTX has a Yearly Dividend Yield of 1.69%. Purely for dividend investing, there may be better candidates out there.
GNTX's Dividend Yield is comparable with the industry average which is at 3.89.
GNTX's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
5.2 History
The dividend of GNTX has a limited annual growth rate of 1.12%.
GNTX has paid a dividend for at least 10 years, which is a reliable track record.
GNTX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.12%
Div Incr Years0
Div Non Decr Years21
5.3 Sustainability
27.60% 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.
DP27.6%
EPS Next 2Y6.12%
EPS Next 3Y9.07%
29.06
+0.55 (+1.93%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners99.59%
Inst Owner Change-1.75%
Ins Owners0.26%
Ins Owner Change5.72%
Market Cap6.38B
Analysts75
Price Target30.74 (5.78%)
Short Float %2.94%
Short Ratio2.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
Yearly Dividend0.48
Dividend Growth(5Y)1.12%
DP27.6%
Div Incr Years0
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.51%
Min EPS beat(2)-1.18%
Max EPS beat(2)20.21%
EPS beat(4)2
Avg EPS beat(4)3.78%
Min EPS beat(4)-12.61%
Max EPS beat(4)20.21%
EPS beat(8)4
Avg EPS beat(8)-0.86%
EPS beat(12)6
Avg EPS beat(12)-0.72%
EPS beat(16)8
Avg EPS beat(16)-1.94%
Revenue beat(2)1
Avg Revenue beat(2)2.12%
Min Revenue beat(2)-0.97%
Max Revenue beat(2)5.2%
Revenue beat(4)2
Avg Revenue beat(4)-1.59%
Min Revenue beat(4)-11.34%
Max Revenue beat(4)5.2%
Revenue beat(8)3
Avg Revenue beat(8)-2.07%
Revenue beat(12)5
Avg Revenue beat(12)-1.46%
Revenue beat(16)6
Avg Revenue beat(16)-1.52%
PT rev (1m)2.55%
PT rev (3m)13.92%
EPS NQ rev (1m)0.58%
EPS NQ rev (3m)17.18%
EPS NY rev (1m)8.64%
EPS NY rev (3m)10%
Revenue NQ rev (1m)-0.31%
Revenue NQ rev (3m)5.63%
Revenue NY rev (1m)1.22%
Revenue NY rev (3m)3.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.71 | ||
| Fwd PE | 14.34 | ||
| P/S | 2.67 | ||
| P/FCF | 15.99 | ||
| P/OCF | 11.52 | ||
| P/B | 2.62 | ||
| P/tB | 3.5 | ||
| EV/EBITDA | 10.89 |
EPS(TTM)1.85
EY6.37%
EPS(NY)2.03
Fwd EY6.98%
FCF(TTM)1.82
FCFY6.25%
OCF(TTM)2.52
OCFY8.68%
SpS10.87
BVpS11.07
TBVpS8.29
PEG (NY)N/A
PEG (5Y)8.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.06% | ||
| ROE | 16.28% | ||
| ROCE | 19.03% | ||
| ROIC | 16.19% | ||
| ROICexc | 17.17% | ||
| ROICexgc | 23.23% | ||
| OM | 19.76% | ||
| PM (TTM) | 16.59% | ||
| GM | 33.54% | ||
| FCFM | 16.72% |
ROA(3y)14.7%
ROA(5y)15.27%
ROE(3y)16.54%
ROE(5y)17.08%
ROIC(3y)16.39%
ROIC(5y)16.87%
ROICexc(3y)18.34%
ROICexc(5y)19.59%
ROICexgc(3y)26.09%
ROICexgc(5y)29.13%
ROCE(3y)19.23%
ROCE(5y)19.78%
ROICexcg growth 3Y-8.78%
ROICexcg growth 5Y-10.64%
ROICexc growth 3Y-5.13%
ROICexc growth 5Y-7.85%
OM growth 3Y-5.06%
OM growth 5Y-5.07%
PM growth 3Y-5.63%
PM growth 5Y-5.25%
GM growth 3Y-2.35%
GM growth 5Y-2.08%
F-Score5
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | 0.01 | ||
| Cap/Depr | 155.42% | ||
| Cap/Sales | 6.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.99% | ||
| Profit Quality | 100.83% | ||
| Current Ratio | 3.15 | ||
| Quick Ratio | 1.74 | ||
| Altman-Z | 12.39 |
F-Score5
WACC9.65%
ROIC/WACC1.68
Cap/Depr(3y)172.18%
Cap/Depr(5y)129%
Cap/Sales(3y)7.51%
Cap/Sales(5y)6.03%
Profit Quality(3y)76.56%
Profit Quality(5y)85.99%
High Growth Momentum
Growth
EPS 1Y (TTM)3.35%
EPS 3Y6.5%
EPS 5Y1.76%
EPS Q2Q%27.03%
EPS Next Y-0.81%
EPS Next 2Y6.12%
EPS Next 3Y9.07%
EPS Next 5Y14.48%
Revenue 1Y (TTM)-18.28%
Revenue growth 3Y10.14%
Revenue growth 5Y4.47%
Sales Q2Q%14.82%
Revenue Next Year6.12%
Revenue Next 2Y6.31%
Revenue Next 3Y5.49%
Revenue Next 5Y7.37%
EBIT growth 1Y-25.05%
EBIT growth 3Y4.57%
EBIT growth 5Y-0.83%
EBIT Next Year13.25%
EBIT Next 3Y9.99%
EBIT Next 5Y12.58%
FCF growth 1Y92.87%
FCF growth 3Y6.42%
FCF growth 5Y-3.67%
OCF growth 1Y41.73%
OCF growth 3Y11.21%
OCF growth 5Y-0.31%