U.S. Automobiles Undervalued over 20% based on DCF

General Motors

Market Cap: US$65.6b

Designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.

BorgWarner

Market Cap: US$10.9b

Provides technology solutions for combustion, hybrid, and electric vehicles worldwide.

Autoliv

Market Cap: US$7.9b

Through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in the Americas, Europe, China, and Asia.

Lear

Market Cap: US$6.0b

Designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America.

Gentex

Market Cap: US$4.6b

Designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, fire protection technologies, audio products, medical devices, and consumer electronics.

THOR Industries

Market Cap: US$4.1b

Designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Germany, rest of Europe, Canada, and internationally.

Patrick Industries

Market Cap: US$3.8b

Manufactures and distributes component products and materials for the recreational vehicle, marine, powersports, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada.

Dana

Market Cap: US$3.7b

Provides power-conveyance and energy-management solutions for on-highway vehicles in North America, Europe, South America, and the Asia Pacific.

Hesai Group

Market Cap: US$3.2b

Through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally.

LCI Industries

Market Cap: US$3.0b

Manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally.

PHINIA

Market Cap: US$2.6b

Engages in the development, design, and manufacture of integrated components and systems.

Visteon

Market Cap: US$2.5b

An automotive technology company, engages in the design, manufacture, and sale of automotive electronics and connected car solutions for vehicle manufacturers.

Adient

Market Cap: US$1.6b

Engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks.

Fox Factory Holding

Market Cap: US$703.2m

Designs, engineers, manufactures, and markets performance-defining products and systems in North America, Europe, Asia, and internationally.

Strattec Security

Market Cap: US$326.5m

Designs, develops, manufactures, and markets automotive security, access control, and user interface controls products in North America and internationally.

China Automotive Systems

Market Cap: US$126.1m

Through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China, the United States, and internationally.