Recent Insider Transactions • Jun 08
Executive VP recently sold €430k worth of stock On the 4th of June, Heather Tiltmann sold around 22k shares on-market at roughly €19.54 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €721k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €20.31, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Auto Components industry in Germany. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.89 per share. Annuncio • Apr 25
Adient Introduces Proforce Massage Flow Solution Adient advanced its mechanical massage portfolio with the commercialization of the ProForce Massage Flow solution. Building on the successful launch of the ProForce platform last year, the new solution delivers expanded massage coverage, modular integration, and mass-production-validated technologies. It is scheduled for production on two Chinese OEM models. The Flow version features newly developed moving modules that significantly expand massage coverage to reach key fatigue-prone lower-back muscle groups. Multiple massage techniques, including kneading, tapping and rolling, can be applied individually or in combination, enabling a more dynamic and customizable massage experience. The new solution adopts a platform-based, modular design that delivers clear benefits for automakers: A flexible spring-mounted structure enables easy integration across different seat frame platforms. The solution supports both front and rear seats, including seats with integrated ABS, helping OEMs shorten development cycles. Available in two-head and four-head modules, the solution supports flexible spec configurations based on vehicle positioning. Multiple massage variants can be deployed on the same platform, improving development efficiency. The Flow solution inherits core technologies from the Focus solution that have been validated in multiple mass-production vehicles: ProForce Massage delivers significantly higher force than pneumatic systems, providing more effective fatigue relief. A multi-stage collapsible mechanism allows the massage heads to retract in the event of a collision and automatically reset afterward. Designed for seamless integration with lumbar support, ventilation and heating functions. Wear-resistant upholstery materials validated in mass production ensure long-term reliability. Adient's proprietary Magic Trim assembly maintains a smooth, premium surface over time, while meeting automotive durability standards. The ProForce Massage Flow solution further expands Adient's seating comfort portfolio with a more dynamic and versatile massage experience, which reflects how Adient is leveraging innovation to drive premium content, strengthen customer relationships, and support sustainable growth over time. Annuncio • Apr 11
Adient Launches Stepjoy Foot Massage Innovation Adient, a global leader in automotive seating, is expanding its massage offerings with the launch of StepJoy, its latest foot massage innovation. First introduced globally on automaker NIO's ES9 model, StepJoy brings an automotive-grade foot massage solution into mass production, delivering deep foot relaxation inside the vehicle cabin. StepJoy adopts a cam-based mechanism to provide a foot-sole massage experience across the occupant's forefoot and arch. The system integrates two synchronized cam modules to achieve a balance between strong massage performance, compact packaging and cost efficiency. The slim and highly integrated design fits easily into a vehicle's seating layout. When not in use, StepJoy stows into the seatback to save space; in the deployed position, it can also function as a footrest. A heating feature can be added based on OEM requirements, further elevating the end-user's comfort experience. To ensure long-term durability and a premium feel, StepJoy incorporates Adient's Magic Trim seat cover assembly, a proprietary solution already validated in mass production. Using high-stretch materials, Magic Trim maintains a smooth and premium surface over time while meeting automotive durability standards. With StepJoy, Adient extends its seating comfort portfolio beyond the back and lumbar regions to address foot fatigue, enabling automakers to further differentiate their cabin experience and deliver a more relaxing journey for passengers. Annuncio • Feb 24
Adient plc Announces New Sculpted Soft Trim Breakthrough Product Adient plc announced its latest breakthrough innovation, Sculpted Soft Trim. This unique product offers fresh aesthetics and new design opportunities for vehicle seats. Sculpted Soft Trim is a soft, breathable, formed trim solution that can be used to create large trim panels or smaller, simpler parts like rear seat child seat anchor trim covers, armrests, headrests or other intricate parts. It utilizes an automated process to form these parts, reducing the amount of sewing required compared to today's trim covers. Sculpted Soft TrIM offers advantages in areas of complex sewing and concave surfaces, reducing trim patterns and sewing labor while improving challenging craftsmanship executions. Details can be added to seat trim through that were previously not achievable with traditional seat trim methods, offering new levels of design freedom. Among the many benefits and uses of Sculpted Soft Trim: Enables easy execution across a wide range of fabric and vinyl materials; Complex 3-dimensional shape and concavity is achievable, without washing out grain detail; Detailed parts such as belts or child seat anchor pockets can be replaced with the trim to reduce sew labor and improve craftsmanship, with consistent results; Embossed/debossed textural patterns can be added easily in the same tool and process and, additionally, graphics and badging can be easily created for customization or to differentiate between brands; Dissimilar materials can be pre-sewn and formed, offering a wide variety of trim options. Annuncio • Feb 04
Adient plc Raises Earnings Guidance for the Fiscal Year 2026 Adient plc raised earnings guidance for the fiscal year 2026. For the year, the company raised its fiscal year 2026 guidance for revenue of $14.6 billion underpinned by an improved vehicle production outlook and the company's expectation of continued positive business performance. Annuncio • Jan 13
Adient plc to Report Q1, 2026 Results on Feb 04, 2026 Adient plc announced that they will report Q1, 2026 results on Feb 04, 2026 Annuncio • Oct 13
Adient and Autoliv Unveil Breakthrough in Dynamic Seat Safety Solutions Adient and Autoliv have co-developed innovative safety solutions that significantly enhance occupant protection in deeply reclined seating positions - commonly referred to as zero-gravity. These solutions, now ready for mass production, combine Adient's new seating concept, Z-Guard, with Autoliv's advanced safety technologies. As electrification and smart technologies continue to reshape the automotive industry, zero-gravity seating is gaining popularity in mid- to high-end vehicle models due to its ergonomic benefits. However, the deeply reclined posture can compromise the effectiveness of conventional safety systems, which are typically designed for standard upright seating, potentially leading to safety risks. To address this challenge, Adient and Autoliv have jointly developed a safety solution that represents a major advancement in occupant protection in deeply reclined seats positions. Multi-Dimensional Collaborative Protection: Full-Process Dynamic Safety System. Adient's Z-Guard is built around the principle of Multi-Dimensional Collaborative protection, integrating advanced constraint and energy-absorbing technologies into a dynamic safety system designed to protect occupants in the event of a collision. At its core are two key innovations: Active Cushion Collapse Mechanism: In a crash, this feature rapidly collapses the seat frame to absorb energy and adjust posture, thereby reducing spinal impact and providing protection to vital body regions. Adjustable Seat Belt Outlet: This feature adapts to various passenger postures and body types, enhancing comfort while maximizing precise restraint and minimizing risks like shoulder slippage. Complementing these innovations are additional technologies from Autoliv: the Integrated Seatbelt System for improved stability, Dynamic Lumbar Retractor for controlled restraint force, Pelvic Cushion Airbag to reduce pelvic impact, and Head Side Airbag for enhanced side collision protection in reclined positions. Together, these systems help safeguard critical areas - head, neck, chest, and pelvis - delivering truly dynamic, full-process occupant protection. Proactive Predictive Protection: Building an Intelligent Safety Shelter: The Z-Guard concept enables deep integration with vehicle driver assistance systems, tailored to OEM requirements and real-world scenarios. Leveraging predictive signals, it utilizes high-speed, motor-driven seat repositioning to adjust the occupant's posture before a collision to reduce the risk of injury. In cases where a vehicle cannot detect a crash in time or lacks active repositioning capabilities, Z-Guard still provides robust protection through dual pretensioners, cushion buffering and a collapse mechanism. These systems work in concert to prevent forward movement and submarinesining, enhancing reliable safety even in zero-gravity seating positions. toward Mass Production: Reshaping Industry Standards Together The new seating concept is designed to meet the evolving demands of cockpit electronic architecture in the era of software-defined vehicles, seamlessly integrating safety features into the smart cockpit environment. With Adient leading the commercialization, Z-Guard is now scheduled for production in a high-volume model from a major global OEM - marking a significant milestone in bringing advanced occupant protection to market. Annuncio • Jul 15
Adient Launches New Mechanical Massage Seat Solution Adient has launched a new mechanical massage seat solution. The innovation debuted in automaker GAC-Trumpchi's new PHEV model M8. The vehicle features three-row seats and an industry-first massage system supplied by Adient that redefines auto seating comfort. Adient's system meets stringent auto industry standards. It features a flexible protruding structure for everyday comfort and deep massage, a rapid pressure relief valve for safety during collisions, and a multi-layer wear-resistant assembly to ensure long-term durability. Featuring smart controls with multiple modes and strengths, this solution offers personalized massage experiences. Its small size is compatible with heating and ventilation and also supports over-the-air (OTA) updates, enabling continuous improvement over time. This innovation not only fills a gap in massage capabilities for in-vehicle applications but also sets a new benchmark for seating comfort, especially in deep-recline seating formats. With mass production now underway, Adient's mechanical massage solution will soon appear in more mid- to high-end models across the China market. The product is also getting attention in the Americas and Europe as Adient's customers look to improve comfort systems in their vehicles. Annuncio • May 07
Adient plc Maintains Earnings Guidance for the Fiscal Year 2025 Adient plc maintained earnings guidance for the fiscal year 2025. For the year, the company maintains revenue outlook with first half positive momentum expected to carry forward into second half, excluding potential tariff-related volume impacts. Annuncio • Jan 30
An undisclosed buyer acquired 50% stake in Setex, Inc. from Adient plc (NYSE:ADNT) for $27 million. An undisclosed buyer acquired 50% stake in Setex, Inc. from Adient plc (NYSE:ADNT) for $27 million during the first quarter of fiscal 2025. A cash consideration of $27 million will be paid by the buyer.
An undisclosed buyer completed the acquisition of 50% stake in Setex, Inc. from Adient plc (NYSE:ADNT) during the first quarter of fiscal 2025. Annuncio • Jan 23
Adient plc, Annual General Meeting, Mar 11, 2025 Adient plc, Annual General Meeting, Mar 11, 2025. Location: radisson blu hotel, dublin airport, dublin Ireland Reported Earnings • Nov 10
Full year 2024 earnings released: EPS: US$0.20 (vs US$2.17 in FY 2023) Full year 2024 results: EPS: US$0.20 (down from US$2.17 in FY 2023). Revenue: US$14.7b (down 4.6% from FY 2023). Net income: US$18.0m (down 91% from FY 2023). Profit margin: 0.1% (down from 1.3% in FY 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Aug 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 0.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • Aug 07
Third quarter 2024 earnings released: US$0.12 loss per share (vs US$0.78 profit in 3Q 2023) Third quarter 2024 results: US$0.12 loss per share (down from US$0.78 profit in 3Q 2023). Revenue: US$3.72b (down 8.4% from 3Q 2023). Net loss: US$11.0m (down 115% from profit in 3Q 2023). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Annuncio • Aug 06
Adient plc Updates Consolidated Earnings Guidance for the Full Year of 2024 Adient plc updated consolidated earnings guidance for the full year of 2024. For the year, the company expected consolidated sales to be approximately $14.6 billion compared to prior guidance of $14.8 billion to $14.9 billion. The updates recognizes the impacts of lower vehicle production expectations. Reported Earnings • May 03
Second quarter 2024 earnings released: US$0.78 loss per share (vs US$0.16 loss in 2Q 2023) Second quarter 2024 results: US$0.78 loss per share (further deteriorated from US$0.16 loss in 2Q 2023). Revenue: US$3.75b (down 4.1% from 2Q 2023). Net loss: US$70.0m (loss widened 367% from 2Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Feb 18
Executive VP recently sold €314k worth of stock On the 14th of February, Heather Tiltmann sold around 10k shares on-market at roughly €31.40 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €580k. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Reported Earnings • Feb 08
First quarter 2024 earnings released: EPS: US$0.21 (vs US$0.13 in 1Q 2023) First quarter 2024 results: EPS: US$0.21 (up from US$0.13 in 1Q 2023). Revenue: US$3.66b (down 1.1% from 1Q 2023). Net income: US$20.0m (up 67% from 1Q 2023). Profit margin: 0.5% (up from 0.3% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Jan 24
Adient plc, Annual General Meeting, Mar 12, 2024 Adient plc, Annual General Meeting, Mar 12, 2024, at 12:00 Coordinated Universal Time. Location: Radisson Blu Hotel, Dublin Airport, Dublin, Ireland Dublin Ireland Agenda: To ratify, by non-binding advisory vote, the appointment of PricewaterhouseCoopers LLP as the company's independent auditor for fiscal year 2024 and to authorize, by binding vote, the Board of Directors, acting through the Audit Committee, to set the auditors' remuneration; to approve, on an advisory basis, the company's named executive officer compensation, as described in the accompanying Proxy Statement; to renew the Board of Directors' authority to issue shares under Irish law; to renew the Board of Directors' authority to opt-out of statutory preemption rights under Irish law; and to consider other matters if any. Recent Insider Transactions • Dec 21
CFO & Executive VP recently sold €580k worth of stock On the 15th of December, Jerome Dorlack sold around 18k shares on-market at roughly €32.42 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jerome's only on-market trade for the last 12 months. Reported Earnings • Nov 09
Full year 2023 earnings released: EPS: US$2.15 (vs US$1.27 loss in FY 2022) Full year 2023 results: EPS: US$2.15 (up from US$1.27 loss in FY 2022). Revenue: US$15.4b (up 9.0% from FY 2022). Net income: US$205.0m (up US$325.0m from FY 2022). Profit margin: 1.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 20
Adient plc Appoints Jodi E. Eddy to the Board of Directors On September 18, 2023, the Board of Directors (the “Board”) of Adient plc (“Adient”) appointed Jodi E. Eddy to the Board effective September 19, 2023, to serve a term initially expiring at Adient’s 2024 Annual General Meeting of Shareholders. The Board also appointed Ms. Eddy to serve as a member of the Audit Committee and Corporate Governance Committee of the Board. The Board has determined that Ms. Eddy is an independent director under the New York Stock Exchange listing standards and Adient’s Corporate Governance Guidelines. In connection with Ms. Eddy’s appointment, the Board acted to increase the number of directors serving on the Board from eight to nine in accordance with Adient’s Articles of Association. Eddy currently serves as senior vice president and chief information and digital officer (CIDO) at Boston Scientific Corporation. As a global medical technology leader for more than 40 years, the company provides a broad range of high- performance solutions that address unmet patient needs and reduce the cost of healthcare. Eddy joined Boston Scientific in 2013 and has been the chief information officer since 2015. She added responsibility for Boston Scientific's digital activity as Chief Digital Officer in 2020. In her current role, she leads the company's information technology organization and expanded digital team's worldwide, overseeing the company's strategy for digital health, data analytics and cyber security capabilities. Prior to joining Boston Scientific, Eddy progressed through several roles of increasing leadership in information systems during her 18-year tenure at General Electric, including serving as the commercial chief information officer for the Oil and Gas business. Eddy earned a Bachelor of Science degree in computer science from Southern Connecticut State University. In addition, she was awarded an Honorary Doctorate Degree of Science from her alma mater for lifetime achievement and contributions to the computer science field. Reported Earnings • Aug 03
Third quarter 2023 earnings released: EPS: US$0.78 (vs US$0.32 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.78 (up from US$0.32 loss in 3Q 2022). Revenue: US$4.06b (up 16% from 3Q 2022). Net income: US$73.0m (up US$103.0m from 3Q 2022). Profit margin: 1.8% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 41% per year. Reported Earnings • May 03
Second quarter 2023 earnings released: US$0.16 loss per share (vs US$0.85 loss in 2Q 2022) Second quarter 2023 results: US$0.16 loss per share (improved from US$0.85 loss in 2Q 2022). Revenue: US$3.91b (up 12% from 2Q 2022). Net loss: US$15.0m (loss narrowed 82% from 2Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 27
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €43.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Apr 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.8%. The fair value is estimated to be €43.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Mar 11
Now 23% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €50.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Feb 11
Now 21% undervalued Over the last 90 days, the stock is up 1.6%. The fair value is estimated to be €49.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 08
First quarter 2023 earnings released: EPS: US$0.13 (vs US$0.57 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.13 (up from US$0.57 loss in 1Q 2022). Revenue: US$3.70b (up 6.3% from 1Q 2022). Net income: US$12.0m (up US$66.0m from 1Q 2022). Profit margin: 0.3% (up from net loss in 1Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 25
Executive Vice President of Americas recently sold €162k worth of stock On the 23rd of November, Jerome Dorlack sold around 4k shares on-market at roughly €37.71 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Rick Dillon was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 11
Executive VP & CFO recently sold €1.1m worth of stock On the 7th of November, Jeffrey Stafeil sold around 29k shares on-market at roughly €37.82 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jeffrey's only on-market trade for the last 12 months. Reported Earnings • Nov 05
Full year 2022 earnings released: US$1.27 loss per share (vs US$11.76 profit in FY 2021) Full year 2022 results: US$1.27 loss per share (down from US$11.76 profit in FY 2021). Revenue: US$14.1b (up 3.2% from FY 2021). Net loss: US$120.0m (down 111% from profit in FY 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 06
Third quarter 2022 earnings released: US$0.32 loss per share (vs US$0.75 loss in 3Q 2021) Third quarter 2022 results: US$0.32 loss per share (up from US$0.75 loss in 3Q 2021). Revenue: US$3.49b (up 7.5% from 3Q 2021). Net loss: US$30.0m (loss narrowed 58% from 3Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €29.33, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 10x in the Auto Components industry in Germany. Total returns to shareholders of 83% over the past three years. Recent Insider Transactions • May 13
Executive Vice President of Americas recently sold €226k worth of stock On the 10th of May, Jerome Dorlack sold around 8k shares on-market at roughly €29.70 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Reported Earnings • May 06
Second quarter 2022 earnings released: US$0.85 loss per share (vs US$0.73 profit in 2Q 2021) Second quarter 2022 results: US$0.85 loss per share (down from US$0.73 profit in 2Q 2021). Revenue: US$3.51b (down 8.2% from 2Q 2021). Net loss: US$81.0m (down 217% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Rick Dillon was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €29.41, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 10x in the Auto Components industry in Germany. Total returns to shareholders of 61% over the past three years. Board Change • Apr 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Rick Dillon was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €33.12, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Auto Components industry in Germany. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 16% share price gain to €41.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Auto Components industry in Germany. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €71.06 per share. Recent Insider Transactions • Nov 16
Executive Vice President of EMEA recently sold €119k worth of stock On the 11th of November, Michel Berthelin sold around 3k shares on-market at roughly €38.49 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €520k more than they bought in the last 12 months. Reported Earnings • Nov 11
Full year 2021 earnings released: EPS US$11.58 (vs US$5.83 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$13.7b (up 8.0% from FY 2020). Net income: US$1.11b (up US$1.66b from FY 2020). Profit margin: 8.1% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 19% share price gain to €35.28, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Auto Components industry in Germany. Total returns to shareholders of 8.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €60.64 per share. Reported Earnings • Aug 06
Third quarter 2021 earnings released: US$0.75 loss per share (vs US$3.46 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$3.24b (up 99% from 3Q 2020). Net loss: US$71.0m (loss narrowed 78% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 21
Senior VP recently sold €163k worth of stock On the 18th of May, Heather Tiltmann sold around 4k shares on-market at roughly €40.13 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €229k more than they bought in the last 12 months. Reported Earnings • May 07
Second quarter 2021 earnings released: EPS US$0.72 (vs US$0.20 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$3.82b (up 8.8% from 2Q 2020). Net income: US$69.0m (up US$88.0m from 2Q 2020). Profit margin: 1.8% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 25
New 90-day high: €30.78 The company is up 22% from its price of €25.18 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.79 per share. Reported Earnings • Feb 07
First quarter 2021 earnings released: EPS US$1.58 (vs US$1.78 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$3.85b (down 2.2% from 1Q 2020). Net income: US$150.0m (up US$317.0m from 1Q 2020). Profit margin: 3.9% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 19%, compared to a 9.6% growth forecast for the Auto Components industry in Germany. Annuncio • Jan 27
Adient plc, Annual General Meeting, Mar 09, 2021 Adient plc, Annual General Meeting, Mar 09, 2021, at 13:00 GMT Standard Time. Location: 25-28 North Wall Quay, IFSC Dublin 1 Ireland Agenda: To elect eight directors for a period of one year, expiring at the end of Adient’s Annual General Meeting of Shareholders in 2022; To ratify the appointment of PricewaterhouseCoopers LLP as independent auditor for fiscal year 2021 and to authorize, by binding vote, the Board of Directors, acting through the Audit Committee, to set the auditors’ remuneration; To approve executive officer compensation; To approve the adoption of its 2021 Omnibus Incentive Plan; to renew the Board of Directors’ authority to issue shares under Irish law; to renew the Board of Directors’ authority to opt-out of statutory preemption rights under Irish law; to receive and consider its Irish Statutory Accounts for the fiscal year ended September 30, 2020 and the reports of the directors and auditors thereon and to review the affairs of Adient; and to transact such other business as may properly come before the Annual General Meeting or any adjournment thereof. Is New 90 Day High Low • Dec 05
New 90-day high: €27.80 The company is up 88% from its price of €14.77 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €48.41 per share. Reported Earnings • Dec 01
Full year 2020 earnings released: US$5.83 loss per share The company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: US$12.7b (down 23% from FY 2019). Net loss: US$547.0m (loss widened 11% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Dec 01
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 15%, compared to a 8.3% growth forecast for the Auto Components industry in Germany. Is New 90 Day High Low • Nov 10
New 90-day high: €20.61 The company is up 41% from its price of €14.62 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.03 per share. Annuncio • Nov 10
Adient plc to Report Q4, 2020 Results on Nov 30, 2020 Adient plc announced that they will report Q4, 2020 results at 9:00 AM, GMT Standard Time on Nov 30, 2020 Is New 90 Day High Low • Oct 21
New 90-day high: €18.34 The company is up 14% from its price of €16.02 on 23 July 2020. The German market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €35.35 per share. Is New 90 Day High Low • Oct 03
New 90-day high: €16.14 The company is up 11% from its price of €14.54 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.46 per share. Annuncio • Aug 22
Yanfeng Automotive Trim Systems Co., Ltd. completed the acquisition of the remaining 30% stake in Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI) from Adient plc (NYSE:ADNT). Yanfeng Automotive Trim Systems Co., Ltd. entered into a definitive agreement to acquire the remaining 30% stake in Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI) from Adient plc (NYSE:ADNT) for approximately $380 million on January 31, 2020. The consideration is payable in cash. Adient and Yanfeng have also agreed to extend the term of their Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture to December 31, 2038. In a related transaction, Adient has agreed to sell certain patents and other intellectual property exclusively used in its seating mechanisms business to Adient Yanfeng Seating Mechanisms Co., Ltd. (AYM) for $20 million. On June 24, 2020, Adient plc entered into an amendment to its previous definitive agreement with YFAI under which the purchase price 30% ownership stake in Yanfeng Global Automotive Interior Systems Co., Ltd will be reduced to $369 million in cash, of which $309 million will be paid at the closing of the agreed transactions and the remaining $60 million will be paid on a deferred basis post-closing. With respect to each YFAI fiscal year ending after the closing, starting with the year ending December 31, 2020, Adient will be paid an earnout in an amount equal to 30% of YFAI's distributable earnings for such year until such time as the $60 million deferred purchase price is fully paid. In addition, the Board of Directors of each of YFAS and AYM have approved the distribution of dividends to their respective shareholders in the amount of CNY 1.9 billion ($0.27 billion) and CNY 1.2 billion ($0.17 billion), respectively. The dividends will be paid to the YFAS and AYM shareholders on or prior to June 30, 2020.
The agreed transactions are cross-conditioned on each other and closing is subject to regulatory approvals including the State Administration for Market Regulation in the People’s Republic of China, expiration of waiting periods under anti-trust laws and other customary closing conditions including the representations and warranties of each other party shall be true and correct in all material respects as of each closing step. The agreement may be terminated by either of the party under certain circumstances, each other party shall have executed and delivered each definitive agreement to which it is a party and which is required to be executed on or prior to such closing step and no law or order shall be in effect prohibiting the transactions. Adient expects the transactions to be completed by the end of fiscal year ending September 30, 2020. The transactions are expected to be completed in the fourth quarter of Adient's current fiscal year. Proceeds from the transactions are expected to be used by Adient to pre-pay a portion of the company’s debt and for general corporate purposes. Audra D. Cohen of Sullivan & Cromwell LLP acted as legal advisor to Adient plc and Yanfeng Global Automotive Interior Systems Co., Ltd.
Yanfeng Automotive Trim Systems Co., Ltd. completed the acquisition of the remaining 30% stake in Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI) from Adient plc (NYSE:ADNT) on August 21, 2020.