Lacklustre Performance Is Driving Adient plc's (NYSE:ADNT) Low P/S
Jun 12
U.S. Auto Components Industry Analysis
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies53
- 7D-7.6%
- 3M-5.4%
- 1Y-19.6%
- YTD-17.0%
Over the last 7 days, the Auto Components industry has dropped 7.6%, driven by pullbacks in Aptiv and Mobileye Global of 14% and 11%, respectively. The industry has fallen 20% in the last year. As for the next few years, earnings are expected to grow by 21% per annum.
Industry Valuation and Performance
Has the U.S. Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | US$112.4b | US$153.6b | US$5.0b | 18.8x | 22.4x | 0.7x |
| Mon, 13 May 2024 | US$117.6b | US$153.7b | US$5.1b | 19.2x | 23.1x | 0.8x |
| Wed, 10 Apr 2024 | US$120.2b | US$153.8b | US$5.1b | 19.8x | 23.7x | 0.8x |
| Fri, 08 Mar 2024 | US$120.2b | US$155.5b | US$5.2b | 18.9x | 22.9x | 0.8x |
| Sun, 04 Feb 2024 | US$117.8b | US$157.0b | US$5.2b | 16.3x | 22.6x | 0.8x |
| Tue, 02 Jan 2024 | US$134.4b | US$156.2b | US$4.3b | 16.8x | 31.2x | 0.9x |
| Thu, 30 Nov 2023 | US$124.5b | US$156.2b | US$4.3b | 15.2x | 28.9x | 0.8x |
| Sat, 28 Oct 2023 | US$118.2b | US$155.5b | US$3.3b | 18.5x | 36.1x | 0.8x |
| Mon, 25 Sep 2023 | US$133.0b | US$154.6b | US$3.0b | 20.7x | 44.6x | 0.9x |
| Wed, 23 Aug 2023 | US$130.2b | US$154.6b | US$3.0b | 20.7x | 43.6x | 0.8x |
| Fri, 21 Jul 2023 | US$145.6b | US$152.7b | US$3.3b | 19.3x | 43.9x | 1x |
| Sun, 18 Jun 2023 | US$135.2b | US$149.4b | US$3.1b | 18.3x | 43.9x | 0.9x |
| Tue, 16 May 2023 | US$123.7b | US$147.5b | US$2.9b | 17.6x | 42.3x | 0.8x |
| Thu, 13 Apr 2023 | US$131.6b | US$145.5b | US$3.3b | 18x | 39.8x | 0.9x |
| Sat, 11 Mar 2023 | US$135.2b | US$145.7b | US$3.1b | 18.7x | 43.2x | 0.9x |
| Mon, 06 Feb 2023 | US$143.4b | US$146.5b | US$3.8b | 22.2x | 37.5x | 1x |
| Wed, 04 Jan 2023 | US$117.0b | US$145.4b | US$3.2b | 14.6x | 36.4x | 0.8x |
| Fri, 02 Dec 2022 | US$123.7b | US$144.9b | US$3.4b | 19.7x | 35.9x | 0.9x |
| Sun, 30 Oct 2022 | US$94.2b | US$139.3b | US$3.4b | 18.8x | 27.8x | 0.7x |
| Tue, 27 Sep 2022 | US$85.6b | US$137.2b | US$3.4b | 17.9x | 25.1x | 0.6x |
| Thu, 25 Aug 2022 | US$101.1b | US$137.2b | US$3.4b | 21.3x | 29.7x | 0.7x |
| Sat, 23 Jul 2022 | US$101.5b | US$132.9b | US$3.7b | 14.5x | 27.2x | 0.8x |
| Mon, 20 Jun 2022 | US$88.1b | US$134.2b | US$3.6b | 13.7x | 24.8x | 0.7x |
| Wed, 18 May 2022 | US$96.3b | US$134.2b | US$3.5b | 16.4x | 27.2x | 0.7x |
| Fri, 15 Apr 2022 | US$109.6b | US$133.3b | US$3.6b | 17.6x | 30.6x | 0.8x |
| Sun, 13 Mar 2022 | US$109.6b | US$133.6b | US$3.1b | 20.2x | 35.8x | 0.8x |
| Tue, 08 Feb 2022 | US$130.1b | US$131.9b | US$1.7b | 20.4x | 76.5x | 1x |
| Thu, 06 Jan 2022 | US$156.1b | US$132.8b | US$2.4b | 20.3x | 64.8x | 1.2x |
| Sat, 04 Dec 2021 | US$147.4b | US$132.8b | US$2.4b | 19.7x | 61.2x | 1.1x |
| Mon, 01 Nov 2021 | US$151.0b | US$131.5b | US$2.6b | 19.4x | 58.7x | 1.1x |
| Wed, 29 Sep 2021 | US$141.6b | US$131.3b | US$2.2b | 17.9x | 63.2x | 1.1x |
| Fri, 27 Aug 2021 | US$142.7b | US$131.4b | US$2.2b | 17.1x | 64.7x | 1.1x |
| Sat, 03 Jul 2021 | US$145.2b | US$128.3b | US$1.7b | 20.8x | 83.6x | 1.1x |
Price to Earnings Ratio
83.6x
Current Industry PE
- Investors are pessimistic on the American Auto Components industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 22.4x which is lower than its 3-year average PE of 40.6x.
- The industry is trading close to its 3-year average PS ratio of 0.87x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 6.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Consumer Discretionary industry?
| US Market | 1.21% | |
| Consumer Discretionary | -0.82% | |
| Auto Components | -7.60% | |
| Tires and Rubber | -4.72% | |
| Auto Parts and Equipment | -7.69% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry even though it's trading below its 3-year average PE ratio of 43.6x.
- Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings growth of 12.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Tires and Rubber industry, expecting annual earnings growth of 61% over the next 5 years.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 19% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FOXF Fox Factory Holding | US$46.34 | 3.9% +US$72.8m | -52.0% | PE25.5x | |
| ECX ECARX Holdings | US$1.18 | 9.3% +US$33.8m | -85.8% | PS0.6x | |
| MOD Modine Manufacturing | US$92.64 | 0.7% +US$31.4m | 198.8% | PE30x | |
| DORM Dorman Products | US$90.86 | 0.7% +US$19.8m | 8.7% | PE18x | |
| HSAI Hesai Group | US$4.81 | 1.9% +US$11.5m | -53.9% | PS2.5x |
