Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$67.64, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Auto Components industry in Europe. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$102 per share. Recent Insider Transactions • May 13
Insider recently sold US$1.5m worth of stock On the 11th of May, Stefan Demmerle sold around 25k shares on-market at roughly US$59.81 per share. This transaction amounted to 11% 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 US$13m more than they bought in the last 12 months. Aankondiging • May 08
BorgWarner Inc. Maintains Earnings Guidance for the Full Year 2026 BorgWarner Inc. maintained earnings guidance for the full year 2026. Net sales are expected to be in the range of $14.0 billion to $14.3 billion in 2026, compared with 2025 net sales of approximately $14.3 billion. Operating income expected the range of $1,361 million to $1,416 million and U.S. GAAP operating margin is expected to be in the range of 9.7% to 9.9% in 2026. U.S. GAAP net earnings are expected to be within the range of $4.70 to $4.87 per diluted share. Declared Dividend • May 02
Fourth quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 1st June 2026 Payment date: 15th June 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.3%. Payout Ratios Payout ratio: 43%. Cash payout ratio: 12%. Aankondiging • May 01
BorgWarner Inc. announces Quarterly dividend, payable on June 15, 2026 BorgWarner Inc. announced Quarterly dividend of USD 0.1700 per share payable on June 15, 2026, ex-date on June 01, 2026 and record date on June 01, 2026. Aankondiging • Apr 30
BorgWarner Showcases Thermal, Power Electronics, Battery Solutions At Advanced Clean Transportation Expo 2026 BorgWarner will showcase its comprehensive range of commercial vehicle solutions at the Advanced Clean Transportation (ACT) Expo 2026, featuring technologies designed to improve fuel efficiency, reduce emissions and maximize uptime. Attendees are invited to visit BorgWarner at booth #3131 at the Las Vegas Convention Center from May 4 - 7, 2026. Showcasing BorgWarner's Advanced Commercial Vehicle Solutions: Thermal Management solutions, including intercell eCoolers, high voltage heaters, and high voltage eFans. Engineered to maintain optimal operating temperatures to improve fuel economy and reduce emissions. Battery Solutions, including battery systems and modules. Providing safe, modular and high-performance NMC and LFP battery systems for reliable energy storage. Power Electronics, including inverters and inverter-motor drive modules. Featuring a Viper silicon carbide power module complemented by electronic controls and system integration expertise to provide full-function solutions. The iM-575 Integrated Inverter-Motor Drive Module combines BorgWarner's HVH320-216 high voltage hairpin motor with the BorgWarner Cascadia Motion branded 350 SiC inverter, featuring the Viper silicon carbide power module. The iM-575 supports OEMs in accelerating the development and deployment of electrified commercial vehicle platforms. Aankondiging • Mar 20
BorgWarner Inc., Annual General Meeting, Apr 29, 2026 BorgWarner Inc., Annual General Meeting, Apr 29, 2026. Location: 3850 hamlin road, michigan 48326, auburn hils United States Recent Insider Transactions • Mar 12
Executive VP recently sold US$722k worth of stock On the 9th of March, Tonit Calaway sold around 14k shares on-market at roughly US$51.46 per share. This transaction amounted to 6.4% 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 US$1.1m. Insiders have been net sellers, collectively disposing of US$12m more than they bought in the last 12 months. Board Change • Mar 01
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. 5 experienced directors. 2 highly experienced directors. President, CEO & Director Joe Fadool was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 27
Executive VP recently sold US$609k worth of stock On the 18th of February, Tonit Calaway sold around 10k shares on-market at roughly US$62.61 per share. This transaction amounted to 4.0% 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 US$1.1m. Insiders have been net sellers, collectively disposing of US$12m more than they bought in the last 12 months. Upcoming Dividend • Feb 23
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 02 March 2026. Payment date: 16 March 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.3%). Lower than average of industry peers (3.2%). Recent Insider Transactions • Feb 17
Insider recently sold US$1.1m worth of stock On the 13th of February, Tania Wingfield sold around 18k shares on-market at roughly US$63.43 per share. This transaction amounted to 28% 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 US$11m more than they bought in the last 12 months. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: US$1.28 (vs US$1.64 in FY 2024) Full year 2025 results: EPS: US$1.28 (down from US$1.64 in FY 2024). Revenue: US$14.3b (up 1.6% from FY 2024). Net income: US$277.0m (down 25% from FY 2024). Profit margin: 1.9% (down from 2.6% in FY 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Feb 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Significant insider selling over the past 3 months (US$913k sold). Aankondiging • Feb 11
Borgwarner Inc. Provides Earnings Guidance for Full Year 2026 BorgWarner Inc. announced earnings guidance for full year 2026. Net sales are expected to be in the range of $14.0 billion to $14.3 billion in 2026, compared with 2025 sales of $14.3 billion. The Company's net sales guidance implies a year-over-year change in organic sales of down 3.5% to down 1.5%. U.S. GAAP net earnings are expected to be within a range of $4.74 to $4.91 per diluted share. Declared Dividend • Feb 07
Third quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 2nd March 2026 Payment date: 16th March 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 05
Borgwarner Inc. Declares Quarterly Cash Dividend, Payable in March 16, 2026 On February 4, 2026, the Board of Directors of BorgWarner Inc. declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on March 16, 2026, to stockholders of record on March 2, 2026. Declared Dividend • Nov 15
Third quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 1st December 2025 Payment date: 15th December 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 105% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Nov 14
Insider recently sold US$913k worth of stock On the 12th of November, Stefan Demmerle sold around 20k shares on-market at roughly US$45.64 per share. This transaction amounted to 8.9% 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 US$10m more than they bought in the last 12 months. Aankondiging • Nov 13
BorgWarner Inc. Declares Quarterly Cash Dividend, Payable on December 15, 2025 On November 12, 2025, the Board of Directors of BorgWarner Inc. declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on December 15, 2025, to stockholders of record on December 1, 2025. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: US$0.73 (vs US$1.09 in 3Q 2024) Third quarter 2025 results: EPS: US$0.73 (down from US$1.09 in 3Q 2024). Revenue: US$3.59b (up 4.1% from 3Q 2024). Net income: US$158.0m (down 35% from 3Q 2024). Profit margin: 4.4% (down from 7.0% in 3Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • Oct 30
BorgWarner Inc. Updates Earnings Guidance for the Year 2025 BorgWarner Inc. updated earnings guidance for the year 2025. For the year, the company expects earnings per diluted share of $3.52 to $3.63 per share. Net sales of $14,100 million to $14,300 million. Operating income of $1,104 million to $1,134 million. The Company has increased its 2025 full year margin, EPS and free cash flow guidance, and narrowed its net sales outlook. The Company expects net sales to be in the range of $14.1 billion to $14.3 billion in 2025, compared with 2024 sales of approximately $14.1 billion. The change from the Company's previous forecast range of $14.0 billion to $14.4 billion is a result of higher industry production expectations and the favorable impacts of foreign exchange, partially offset by customer production disruptions in North America and Europe. The Company expects its weighted light and commercial vehicle markets to be in the range of down 1% to approximately flat in 2025. This is an increase from the Company's prior range of down 2.5% to down 0.5%. The Company's sales guidance implies a year-over-year change in organic sales of down 1% to approximately flat or in line with estimated market production. Stronger foreign currencies primarily due to the Euro are expected to result in an increase in sales of $30 million compared to the Company's previous guidance. Upcoming Dividend • Aug 26
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 15 September 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (3.6%). Recent Insider Transactions • Aug 15
Insider recently sold US$792k worth of stock On the 13th of August, Stefan Demmerle sold around 20k shares on-market at roughly US$39.61 per share. This transaction amounted to 8.0% 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 US$16m more than they bought in the last 12 months. Recent Insider Transactions • Aug 07
Executive VP & CFO recently sold US$791k worth of stock On the 4th of August, Craig Aaron sold around 21k shares on-market at roughly US$37.66 per share. This transaction amounted to 30% 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 US$911k. This was Craig's only on-market trade for the last 12 months. Declared Dividend • Aug 04
Second quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 2nd September 2025 Payment date: 15th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: US$1.03 (vs US$1.39 in 2Q 2024) Second quarter 2025 results: EPS: US$1.03 (down from US$1.39 in 2Q 2024). Revenue: US$3.64b (up 1.0% from 2Q 2024). Net income: US$224.0m (down 29% from 2Q 2024). Profit margin: 6.2% (down from 8.7% in 2Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 21
BorgWarner Inc. to Report Q2, 2025 Results on Jul 31, 2025 BorgWarner Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Upcoming Dividend • May 26
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 02 June 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.8%). Recent Insider Transactions • May 13
Insider recently sold US$504k worth of stock On the 9th of May, Volker Weng sold around 16k shares on-market at roughly US$31.54 per share. This transaction amounted to 15% 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 US$691k. Insiders have been net sellers, collectively disposing of US$12m more than they bought in the last 12 months. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: US$0.72 (vs US$0.94 in 1Q 2024) First quarter 2025 results: EPS: US$0.72 (down from US$0.94 in 1Q 2024). Revenue: US$3.52b (down 2.2% from 1Q 2024). Net income: US$157.0m (down 26% from 1Q 2024). Profit margin: 4.5% (down from 5.9% in 1Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Aankondiging • May 07
BorgWarner Inc. Revises Earnings Guidance for the Full Year 2025 BorgWarner Inc. revised earnings guidance for the full year 2025. For the year, The Company has provided a 2025 full year guidance update. Net sales are expected to be in the range of $13.6 billion to $14.2 billion in 2025, compared with 2024 sales of approximately $14.1 billion. This is a slight increase from the Company's previous range as a result of favorable impacts from foreign exchange and tariff customer recoveries which were mostly offset by lower industry production expectations. The Company expects its weighted light and commercial vehicle markets to be in the range of down 4% to down 2% in 2025. This is a reduction from the Company's prior range of down 3% to down 1% primarily due to the potential impact of tariffs on global industry production. The Company's sales guidance implies a year-over-year change in organic sales of down 2% to up 2% or estimated outgrowth above market production of approximately 200 to 400 basis points. The increase in the Company's estimated outgrowth compared to its previous guidance of 100 to 300 basis points reflects anticipated tariff customer recoveries. Stronger foreign currencies are expected to result in an increase in sales of $250 million compared to the Company's previous guidance. Net earnings are expected to be within the range of $3.44 to $3.85 per diluted share. Declared Dividend • May 04
Fourth quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 2nd June 2025 Payment date: 16th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 01
BorgWarner Inc. Declares Quarterly Cash Dividend, Payable on June 16, 2025 On April 30, 2025, the Board of Directors of BorgWarner Inc. declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on June 16, 2025, to stockholders of record on June 2, 2025. Aankondiging • Apr 29
BorgWarner Showcases Latest Power Module Technology At the 46Th Vienna Motor Symposium BorgWarner is set to showcase its latest technology at the 46th Vienna Motor Symposium from May 14-16, 2025, at the Hofburg in Vienna and will lead two presentations for its latest inverter technology. The first presentation highlights BorgWarner's double-sided cooled (DSC) 800V SiC power module with next-generation Viper power switches, designed to maximize efficiency and enable smaller, high-performance inverters for battery electric vehicles (BEVs). The second presentation focuses on a next-generation multi-level traction inverter with clean wave technology and will be available to view online. The DSC power module is a key component of the inverter, responsible for converting direct current from the battery into alternating current for the electric motor. BorgWarner's innovative design extracts heat from both sides of the silicon carbide power switch, significantly improving thermal and thus electrical performance. This enables either lower junction temperatures or higher current densities, leading to greater efficiency and a more compact footprint for inverters. The power module could be easily integrated into an OEM's own inverter design and naturally will be part of BorgWarner inverters. By leveraging next-generation Viper power switch technology and advanced thermal materials, BorgWarner is delivering a solution that supports both high-power applications and compact designs for smaller BEVs and hybrids, contributing to the future of sustainable mobility. Aankondiging • Apr 22
BorgWarner Showcases Electric Mobility Technology for Commercial Vehicles At Advanced Clean Transportation Expo 2025 BorgWarner will showcase its latest commercial vehicle (CV) solutions at the Advanced Clean Transportation (ACT) Expo 2025. The company will highlight its comprehensive portfolio of highly efficient eCV technologies, including the innovative iM-575 integrated inverter-motor drive module, at booth #5221 at the Anaheim Convention Center from April 28 to May 1, 2025. The iM-575 combines BorgWarner's proven High Voltage Hairpin motor, HVH320-216, with the Cascadia Motion 350 inverter which features the Viper silicon carbide power module, ideally suited for Class 6 to 8 CVs. This integrated module provides an impressive 1,829 Nm of peak torque and 412 kW of continuous power at 750 Vdc. Its self-contained oil system, integrated oil-water heat exchangers, and built-in water pump significantly reduce system design complexity and assembly requirements for OEMs. In addition to the iM-575, BorgWarner will also highlight its 9 AKM Battery System and Module, several CV inverters and power modules, as well as thermal management solutions such as eHeaters, eFans, High Voltage Air Heaters and eCoolers. These innovative technologies are engineered to enhance CV efficiency and sustainability while also meeting the evolving demands of the commercial vehicle transportation industry. Aankondiging • Mar 28
BorgWarner Inc. to Report Q1, 2025 Results on May 07, 2025 BorgWarner Inc. announced that they will report Q1, 2025 results on May 07, 2025 Aankondiging • Mar 20
BorgWarner Inc., Annual General Meeting, Apr 30, 2025 BorgWarner Inc., Annual General Meeting, Apr 30, 2025. Location: 3850 hamlin road, michigan 48326, auburn hills United States Recent Insider Transactions • Mar 11
Insider recently sold US$691k worth of stock On the 5th of March, Tania Wingfield sold around 24k shares on-market at roughly US$28.79 per share. This transaction amounted to 38% 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 US$11m more than they bought in the last 12 months. Upcoming Dividend • Feb 24
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 03 March 2025. Payment date: 17 March 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.7%). Recent Insider Transactions • Feb 13
Executive VP recently sold US$407k worth of stock On the 10th of February, Tonit Calaway sold around 14k shares on-market at roughly US$30.16 per share. This transaction amounted to 4.9% 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 US$748k. Insiders have been net sellers, collectively disposing of US$18m more than they bought in the last 12 months. Declared Dividend • Feb 10
Fourth quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 3rd March 2025 Payment date: 17th March 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 58% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.6% net profit margin). Significant insider selling over the past 3 months (US$8.4m sold). New Risk • Feb 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: 2.6% Last year net profit margin: 4.5% 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: Minor Risks Profit margins are more than 30% lower than last year (2.6% net profit margin). Significant insider selling over the past 3 months (US$8.4m sold). Reported Earnings • Feb 07
Full year 2024 earnings released: EPS: US$1.63 (vs US$2.72 in FY 2023) Full year 2024 results: EPS: US$1.63 (down from US$2.72 in FY 2023). Revenue: US$14.1b (flat on FY 2023). Net income: US$367.0m (down 42% from FY 2023). Profit margin: 2.6% (down from 4.5% in FY 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Aankondiging • Jan 09
BorgWarner Inc. to Report Q4, 2024 Results on Feb 06, 2025 BorgWarner Inc. announced that they will report Q4, 2024 results on Feb 06, 2025 Recent Insider Transactions • Nov 30
Insider recently sold US$704k worth of stock On the 27th of November, Stefan Demmerle sold around 21k shares on-market at roughly US$34.28 per share. This transaction amounted to 9.0% 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 US$5.3m. Insiders have been net sellers, collectively disposing of US$19m more than they bought in the last 12 months. Upcoming Dividend • Nov 25
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 02 December 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (4.2%). Recent Insider Transactions • Nov 14
President recently sold US$5.3m worth of stock On the 11th of November, Frederic Lissalde sold around 154k shares on-market at roughly US$34.61 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Frederic has been a net seller over the last 12 months, reducing personal holdings by US$12m. Declared Dividend • Nov 09
Third quarter dividend of US$0.11 announced Dividend of US$0.11 is the same as last year. Ex-date: 2nd December 2024 Payment date: 16th December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Nov 07
BorgWarner Inc. Declares Quarterly Dividend, Payable on December 16, 2024 On November 6, 2024, the Board of Directors of BorgWarner Inc. declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on December 16, 2024, to stockholders of record on December 2, 2024. Aankondiging • Nov 01
BorgWarner Inc. Revises Earnings Guidance for the Full Year 2024 BorgWarner Inc. revised earnings guidance for the full year 2024. For the year, the company updated full year sales, margin, and EPS guidance. Net sales for 2024 are expected to be in the range of $14.0 billion to $14.2 billion, compared to the Company's prior guidance of $14.1 billion to $14.4 billion and 2023 sales of approximately $14.2 billion. The Company's sales guidance implies a year-over-year decrease in organic sales of approximately (1.5)% to flat, or estimated outgrowth above market production of approximately 200 to 300 basis points. Net earnings are expected to be within a range of $4.17to $4.28 per diluted share. New Risk • Nov 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Significant insider selling over the past 3 months (US$1.3m sold). Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.09 (vs US$0.37 in 3Q 2023) Third quarter 2024 results: EPS: US$1.09 (up from US$0.37 in 3Q 2023). Revenue: US$3.45b (down 4.8% from 3Q 2023). Net income: US$242.0m (up 178% from 3Q 2023). Profit margin: 7.0% (up from 2.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • Sep 23
BorgWarner Inc.(NYSE:BWA) dropped from FTSE All-World Index (USD) BorgWarner Inc.(NYSE:BWA) dropped from FTSE All-World Index (USD) Upcoming Dividend • Aug 27
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 03 September 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (3.7%). Recent Insider Transactions • Aug 27
VP, President and GM of Emissions recently sold US$664k worth of stock On the 23rd of August, Volker Weng sold around 20k shares on-market at roughly US$33.74 per share. This transaction amounted to 18% 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 US$10m more than they bought in the last 12 months. Aankondiging • Jul 31
BorgWarner Inc. Updates Earnings Guidance for the Full Year 2024 BorgWarner Inc. updated earnings guidance for the full year 2024. For the period, Company expects Net sales to be in the range of $14.1 billion to $14.4 billion, compared to the Company's prior guidance of $14.4 billion to $14.9 billion. Operating margin is expected to be in the range of 8.2% to 8.3%. Net earnings are expected to be within a range of $3.88 to $4.05 per diluted share. Operating income of $1,150 million - $1,195 million. Declared Dividend • Jul 29
Dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 3rd September 2024 Payment date: 16th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 25
BorgWarner Inc. to Report Q2, 2024 Results on Jul 31, 2024 BorgWarner Inc. announced that they will report Q2, 2024 results on Jul 31, 2024 Aankondiging • Jul 24
BorgWarner Inc. Declares Quarterly Cash Dividend, Payable on September 16, 2024 On July 23, 2024, the Board of Directors of BorgWarner Inc. declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on September 16, 2024, to stockholders of record on September 3, 2024. Aankondiging • May 31
BorgWarner Inc. Announces Promotion of Joseph Fadool as Executive Vice President and Chief Operating Officer, Effective June 1, 2024 BorgWarner Inc. announced that Joseph Fadool, current Vice President of BorgWarner Inc. and President and GM, Emissions, Thermal and Turbo Systems, has been promoted to Executive Vice President and Chief Operating Officer of BorgWarner Inc., effective July 1, 2024. As Chief Operating Officer, Mr. Fadool will be responsible for the operations of the Company with the business unit presidents reporting to him. Mr. Fadool will report to Frédéric Lissalde, President and Chief Executive Officer. Joseph Fadool, age 58 joined BorgWarner in 2010 and has held a number of top positions across the Company, including President and GM, Emissions, Thermal and Turbo Systems, Morse Systems and TorqTransfer Systems, the precursor to PowerDrive Systems. Prior to joining BorgWarner, Mr. Fadool worked at Continental Automotive Systems as Vice President for North American Electronic Operations and at Ford Motor Company. Mr. Fadool holds a Bachelor of Science in electrical engineering from Lawrence Technological University and a Master of Science in computer and electronic controls from Wayne State University. Upcoming Dividend • May 27
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.3%). Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.94 (vs US$0.93 in 1Q 2023) First quarter 2024 results: EPS: US$0.94. Revenue: US$3.60b (down 14% from 1Q 2023). Net income: US$213.0m (down 1.8% from 1Q 2023). Profit margin: 5.9% (up from 5.2% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Auto Components industry in the United Kingdom. Declared Dividend • Apr 28
Dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 3rd June 2024 Payment date: 17th June 2024 Dividend yield will be 19%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Apr 26
BorgWarner Inc. Declares Quarterly Cash Dividend, Payable on June 17, 2024 On April 24, 2024, the Board of Directors of BorgWarner Inc. declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on June 17, 2024, to stockholders of record on June 3, 2024. Aankondiging • Mar 22
BorgWarner Inc. to Report Q1, 2024 Results on May 02, 2024 BorgWarner Inc. announced that they will report Q1, 2024 results on May 02, 2024 Aankondiging • Mar 16
BorgWarner Inc., Annual General Meeting, Apr 24, 2024 BorgWarner Inc., Annual General Meeting, Apr 24, 2024, at 09:00 US Eastern Standard Time. Location: 3850 Hamlin Road Auburn Hills Michigan United States Agenda: To elect eight directors to serve for the next year; to consider the compensation of named executive officers; to ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for 2024; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Recent Insider Transactions • Mar 09
Insider recently sold US$657k worth of stock On the 7th of March, Volker Weng sold around 20k shares on-market at roughly US$32.85 per share. This transaction amounted to 15% 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 US$7.0m. Insiders have been net sellers, collectively disposing of US$9.5m more than they bought in the last 12 months. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (3.3%). Recent Insider Transactions • Feb 13
Executive VP recently sold US$1.1m worth of stock On the 12th of February, Tonit Calaway sold around 36k shares on-market at roughly US$32.15 per share. This transaction amounted to 30% 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 US$9.7m more than they bought in the last 12 months. Declared Dividend • Feb 10
Dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 20%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: US$2.70 (vs US$4.01 in FY 2022) Full year 2023 results: EPS: US$2.70 (down from US$4.01 in FY 2022). Revenue: US$14.2b (down 10% from FY 2022). Net income: US$632.0m (down 33% from FY 2022). Profit margin: 4.5% (down from 6.0% in FY 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Dec 05
Borgwarner Inc. Announces CFO Changes BorgWarner Inc. announced that Kevin Nowlan has decided to retire as Executive Vice President and Chief Financial Officer after a 28-year career in finance. Craig Aaron, BorgWarner's current Vice President and Controller, will succeed Mr. Nowlan as Executive Vice President and CFO, effective March 1, 2024. Mr. Nowlan will remain with the Company in an advisory capacity through April 1, 2024, to ensure a smooth transition. Mr. Aaron joined BorgWarner in 2007 and has held a number of positions in accounting and finance, including Controller, Treasurer, and Vice President of Finance for BorgWarner Morse Systems. Prior to joining BorgWarner, he worked at Federal-Mogul Corporation as a Corporate Account Manager and at Deloitte & Touche LLP as an In-Charge Auditor. Mr. Aaron holds a Bachelor of Arts in accounting from Michigan State University and is a Certified Public Accountant in the State of Michigan. Aankondiging • Dec 02
BorgWarner Inc. (NYSE:BWA) completed the acquisition of Electric Hybrid Systems Business Segment from Eldor Corporation S.p.A. BorgWarner Inc. (NYSE:BWA) entered into a share purchase agreement to acquire Electric Hybrid Systems Business Segment from Eldor Corporation S.p.A. for approximately €300 million on June 19, 2023. The purchase price due at closing is €75 million, with up to €175 million in contingent payments that could be paid over the next 2 years. The transaction is subject to satisfaction of closing conditions and is expected to close in the third quarter of 2023. As of November 2, 2023, the transaction is expected to close in the fourth quarter of 2023.BorgWarner Inc. (NYSE:BWA) completed the acquisition of Electric Hybrid Systems Business Segment from Eldor Corporation S.p.A. on December 1, 2023. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.11 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (3.3%). Aankondiging • Nov 11
BorgWarner Inc. Declares Quarterly Dividend, Payable on December 15, 2023 On November 8, 2023, the Board of Directors of BorgWarner Inc. declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on December 15, 2023, to stockholders of record on December 1, 2023. Aankondiging • Nov 04
BorgWarner Inc. Provides Earnings Guidance for the Year 2023 BorgWarner Inc. provided earnings guidance for the year 2023. For the year, the company expected net sales for 2023 are expected to be in the range of $14.1 billion to $14.3 billion, compared with 2022 sales of approximately $12.6 billion. This implies a year-over-year increase in organic sales of 12% to 14%. Foreign currencies are expected to result in a year-over-year decrease in sales of approximately $110 million primarily due to the weakening of the CNY against USD, partially offset by the strengthening of the Euro against the U.S. dollar. Net earnings are expected to be within a range of $2.65 to $2.81 per diluted share. Excluding the impact of non-comparable items, adjusted net earnings are expected to be within a range of $3.60 to $3.80 per diluted share. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.37 (vs US$1.17 in 3Q 2022) Third quarter 2023 results: EPS: US$0.37 (down from US$1.17 in 3Q 2022). Revenue: US$3.62b (down 11% from 3Q 2022). Net income: US$87.0m (down 68% from 3Q 2022). Profit margin: 2.4% (down from 6.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Oct 29
BorgWarner Inc. to Report Q3, 2023 Results on Nov 02, 2023 BorgWarner Inc. announced that they will report Q3, 2023 results on Nov 02, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.11 per share at 1.1% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (3.2%). Aankondiging • Aug 03
Borgwarner Inc. Provides Earnings Guidance for the Year 2023 BorgWarner Inc. provided earnings guidance for the year 2023. For the year, the company expects Net sales to be in the range of $14.2 billion to $14.6 billion, compared with 2022 sales of approximately $12.6 billion. Net earnings from continuing operations are expected to be within a range of $2.58 to $2.75 per diluted share. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.87 (vs US$0.91 in 2Q 2022) Second quarter 2023 results: EPS: US$0.87 (down from US$0.91 in 2Q 2022). Revenue: US$4.52b (up 20% from 2Q 2022). Net income: US$204.0m (down 5.6% from 2Q 2022). Profit margin: 4.5% (down from 5.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 28
Borgwarner Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2023 On July 26, 2023, the Board of Directors of BorgWarner Inc. declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on September 15, 2023, to stockholders of record on September 1, 2023. Buying Opportunity • Jul 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be US$58.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Aankondiging • Jun 27
BorgWarner Inc. to Report Q2, 2023 Results on Aug 02, 2023 BorgWarner Inc. announced that they will report Q2, 2023 results on Aug 02, 2023 Aankondiging • Jun 20
BorgWarner Inc. (NYSE:BWA) entered into a share purchase agreement to acquire Electric Hybrid Systems Business Segment from Eldor Corporation S.p.A. for €75 million. BorgWarner Inc. (NYSE:BWA) entered into a share purchase agreement to acquire Electric Hybrid Systems Business Segment from Eldor Corporation S.p.A. for €75 million on June 19, 2023. The transaction is subject to satisfaction of closing conditions and is expected to close in the third quarter of 2023. 
