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GENTEX CORP (GNTX) Stock Fundamental Analysis

NASDAQ:GNTX - Nasdaq - US3719011096 - Common Stock - Currency: USD

24.37  -0.22 (-0.89%)

After market: 24.426 +0.06 (+0.23%)

Fundamental Rating

7

Overall GNTX gets a fundamental rating of 7 out of 10. We evaluated GNTX against 83 industry peers in the Automobile Components industry. GNTX gets an excellent profitability rating and is at the same time showing great financial health properties. GNTX has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year GNTX was profitable.
In the past year GNTX had a positive cash flow from operations.
Of the past 5 years GNTX 4 years were profitable.
GNTX had a positive operating cash flow in 4 of the past 5 years.
GNTX Yearly Net Income VS EBIT VS OCF VS FCFGNTX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

1.2 Ratios

GNTX has a better Return On Assets (19.53%) than 100.00% of its industry peers.
The Return On Equity of GNTX (22.10%) is better than 96.39% of its industry peers.
GNTX has a Return On Invested Capital of 22.04%. This is amongst the best in the industry. GNTX outperforms 98.80% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GNTX is significantly above the industry average of 9.58%.
The 3 year average ROIC (17.11%) for GNTX is below the current ROIC(22.04%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 19.53%
ROE 22.1%
ROIC 22.04%
ROA(3y)15.44%
ROA(5y)16.25%
ROE(3y)17.26%
ROE(5y)18.17%
ROIC(3y)17.11%
ROIC(5y)17.91%
GNTX Yearly ROA, ROE, ROICGNTX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

The Profit Margin of GNTX (18.10%) is better than 100.00% of its industry peers.
GNTX's Profit Margin has declined in the last couple of years.
GNTX's Operating Margin of 21.42% is amongst the best of the industry. GNTX outperforms 100.00% of its industry peers.
In the last couple of years the Operating Margin of GNTX has declined.
With an excellent Gross Margin value of 33.90%, GNTX belongs to the best of the industry, outperforming 90.36% of the companies in the same industry.
In the last couple of years the Gross Margin of GNTX has declined.
Industry RankSector Rank
OM 21.42%
PM (TTM) 18.1%
GM 33.9%
OM growth 3Y-3.76%
OM growth 5Y-4.89%
PM growth 3Y-3.29%
PM growth 5Y-5.12%
GM growth 3Y-2.78%
GM growth 5Y-2.5%
GNTX Yearly Profit, Operating, Gross MarginsGNTX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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9

2. Health

2.1 Basic Checks

GNTX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
GNTX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
GNTX Yearly Shares OutstandingGNTX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
GNTX Yearly Total Debt VS Total AssetsGNTX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

2.2 Solvency

An Altman-Z score of 13.46 indicates that GNTX is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 13.46, GNTX belongs to the top of the industry, outperforming 98.80% of the companies in the same industry.
GNTX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 13.46
ROIC/WACC2.33
WACC9.45%
GNTX Yearly LT Debt VS Equity VS FCFGNTX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.3 Liquidity

GNTX has a Current Ratio of 3.69. This indicates that GNTX is financially healthy and has no problem in meeting its short term obligations.
GNTX has a Current ratio of 3.69. This is amongst the best in the industry. GNTX outperforms 92.77% of its industry peers.
A Quick Ratio of 2.11 indicates that GNTX has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.11, GNTX belongs to the top of the industry, outperforming 89.16% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.69
Quick Ratio 2.11
GNTX Yearly Current Assets VS Current LiabilitesGNTX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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3

3. Growth

3.1 Past

The earnings per share for GNTX have decreased by -2.17% in the last year.
The Earnings Per Share has been growing slightly by 1.76% on average over the past years.
EPS 1Y (TTM)-2.17%
EPS 3Y6.5%
EPS 5Y1.76%
EPS Q2Q%-14%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.06%

3.2 Future

GNTX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.85% yearly.
Based on estimates for the next years, GNTX will show a quite strong growth in Revenue. The Revenue will grow by 8.24% on average per year.
EPS Next Y10.64%
EPS Next 2Y9.73%
EPS Next 3Y11.2%
EPS Next 5Y14.85%
Revenue Next Year6.98%
Revenue Next 2Y6.95%
Revenue Next 3Y7.83%
Revenue Next 5Y8.24%

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.
GNTX Yearly Revenue VS EstimatesGNTX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
GNTX Yearly EPS VS EstimatesGNTX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 13.54, the valuation of GNTX can be described as correct.
The rest of the industry has a similar Price/Earnings ratio as GNTX.
When comparing the Price/Earnings ratio of GNTX to the average of the S&P500 Index (29.63), we can say GNTX is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.24, GNTX is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GNTX is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, GNTX is valued a bit cheaper.
Industry RankSector Rank
PE 13.54
Fwd PE 12.24
GNTX Price Earnings VS Forward Price EarningsGNTX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, GNTX is valued a bit more expensive than 60.24% of the companies in the same industry.
61.45% of the companies in the same industry are cheaper than GNTX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 16.27
EV/EBITDA 7.41
GNTX Per share dataGNTX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
GNTX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.27
PEG (5Y)7.71
EPS Next 2Y9.73%
EPS Next 3Y11.2%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.97%, GNTX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.04, GNTX has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.29, GNTX has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.97%

5.2 History

The dividend of GNTX has a limited annual growth rate of 2.19%.
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)2.19%
Div Incr Years0
Div Non Decr Years21
GNTX Yearly Dividends per shareGNTX Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

GNTX pays out 20.79% of its income as dividend. This is a sustainable payout ratio.
The dividend of GNTX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.79%
EPS Next 2Y9.73%
EPS Next 3Y11.2%
GNTX Yearly Income VS Free CF VS DividendGNTX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M
GNTX Dividend Payout.GNTX Dividend Payout, showing the Payout Ratio.GNTX Dividend Payout.PayoutRetained Earnings

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GENTEX CORP

NASDAQ:GNTX (2/21/2025, 8:24:12 PM)

After market: 24.426 +0.06 (+0.23%)

24.37

-0.22 (-0.89%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)01-31 2025-01-31/bmo
Earnings (Next)04-24 2025-04-24/bmo
Inst Owners95.97%
Inst Owner Change2.06%
Ins Owners0.21%
Ins Owner Change0%
Market Cap5.54B
Analysts77.65
Price Target34.29 (40.71%)
Short Float %2.56%
Short Ratio3.35
Dividend
Industry RankSector Rank
Dividend Yield 1.97%
Yearly Dividend0.48
Dividend Growth(5Y)2.19%
DP20.79%
Div Incr Years0
Div Non Decr Years21
Ex-Date01-08 2025-01-08 (0.12)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-10.52%
Min EPS beat(2)-29.75%
Max EPS beat(2)8.7%
EPS beat(4)2
Avg EPS beat(4)-3.37%
Min EPS beat(4)-29.75%
Max EPS beat(4)10.56%
EPS beat(8)5
Avg EPS beat(8)0.52%
EPS beat(12)7
Avg EPS beat(12)-1.75%
EPS beat(16)8
Avg EPS beat(16)-3.29%
Revenue beat(2)1
Avg Revenue beat(2)-4.33%
Min Revenue beat(2)-9.41%
Max Revenue beat(2)0.75%
Revenue beat(4)2
Avg Revenue beat(4)-2.23%
Min Revenue beat(4)-9.41%
Max Revenue beat(4)2.99%
Revenue beat(8)4
Avg Revenue beat(8)-1.03%
Revenue beat(12)5
Avg Revenue beat(12)-0.61%
Revenue beat(16)6
Avg Revenue beat(16)-1.43%
PT rev (1m)-2.61%
PT rev (3m)-3.6%
EPS NQ rev (1m)0.76%
EPS NQ rev (3m)-0.8%
EPS NY rev (1m)0.16%
EPS NY rev (3m)0.21%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.08%
Valuation
Industry RankSector Rank
PE 13.54
Fwd PE 12.24
P/S 1.88
P/FCF 16.27
P/OCF 10.8
P/B 2.29
P/tB 3.07
EV/EBITDA 7.41
EPS(TTM)1.8
EY7.39%
EPS(NY)1.99
Fwd EY8.17%
FCF(TTM)1.5
FCFY6.14%
OCF(TTM)2.26
OCFY9.26%
SpS12.98
BVpS10.63
TBVpS7.95
PEG (NY)1.27
PEG (5Y)7.71
Profitability
Industry RankSector Rank
ROA 19.53%
ROE 22.1%
ROCE 25.78%
ROIC 22.04%
ROICexc 24%
ROICexgc 32.93%
OM 21.42%
PM (TTM) 18.1%
GM 33.9%
FCFM 11.54%
ROA(3y)15.44%
ROA(5y)16.25%
ROE(3y)17.26%
ROE(5y)18.17%
ROIC(3y)17.11%
ROIC(5y)17.91%
ROICexc(3y)19.41%
ROICexc(5y)21.45%
ROICexgc(3y)28.74%
ROICexgc(5y)32.89%
ROCE(3y)20.01%
ROCE(5y)20.94%
ROICexcg growth 3Y-6.95%
ROICexcg growth 5Y-9.27%
ROICexc growth 3Y-3.18%
ROICexc growth 5Y-6.59%
OM growth 3Y-3.76%
OM growth 5Y-4.89%
PM growth 3Y-3.29%
PM growth 5Y-5.12%
GM growth 3Y-2.78%
GM growth 5Y-2.5%
F-Score7
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 185.4%
Cap/Sales 5.86%
Interest Coverage 250
Cash Conversion 70.78%
Profit Quality 63.74%
Current Ratio 3.69
Quick Ratio 2.11
Altman-Z 13.46
F-Score7
WACC9.45%
ROIC/WACC2.33
Cap/Depr(3y)143.95%
Cap/Depr(5y)113.8%
Cap/Sales(3y)6.76%
Cap/Sales(5y)5.66%
Profit Quality(3y)74.58%
Profit Quality(5y)88.53%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.17%
EPS 3Y6.5%
EPS 5Y1.76%
EPS Q2Q%-14%
EPS Next Y10.64%
EPS Next 2Y9.73%
EPS Next 3Y11.2%
EPS Next 5Y14.85%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.06%
Revenue Next Year6.98%
Revenue Next 2Y6.95%
Revenue Next 3Y7.83%
Revenue Next 5Y8.24%
EBIT growth 1Y38.28%
EBIT growth 3Y6.67%
EBIT growth 5Y-0.49%
EBIT Next Year23.25%
EBIT Next 3Y11.7%
EBIT Next 5Y13.1%
FCF growth 1Y111.26%
FCF growth 3Y-5.1%
FCF growth 5Y-5.4%
OCF growth 1Y71.58%
OCF growth 3Y4.97%
OCF growth 5Y-0.55%