New Risk • Apr 08
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 8.0% 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: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Feb 26
Full year 2025 earnings released: €7.55 loss per share (vs €1.23 loss in FY 2024) Full year 2025 results: €7.55 loss per share (further deteriorated from €1.23 loss in FY 2024). Revenue: €21.3b (down 2.4% from FY 2024). Net loss: €1.49b (loss widened €1.24b from FY 2024). Revenue is forecast to grow 2.2% 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, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
Forvia SE to Report First Half, 2026 Results on Jul 31, 2026 Forvia SE announced that they will report first half, 2026 results on Jul 31, 2026 Announcement • Oct 20
Forvia SE Reiterates Earnings Guidance for the Year 2025 Forvia SE reiterated earnings guidance for the year 2025. For the year, the company reiterated sales targets. New Risk • Aug 07
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 7.4% 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: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Jul 29
First half 2025 earnings released First half 2025 results: Revenue: €13.5b (flat on 1H 2024). Net loss: €269.0m (down €273.8m from profit in 1H 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto Components industry in the United Kingdom. Announcement • Jul 28
Forvia SE to Report Fiscal Year 2025 Results on Feb 24, 2026 Forvia SE announced that they will report fiscal year 2025 results Pre-Market on Feb 24, 2026 New Risk • Mar 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). New Risk • Mar 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.6% average weekly change). Announcement • Mar 01
Forvia SE Proposes No Dividend for the Year 2025 Forvia SE announced that at its last meeting held on February 27, 2025, the Board of Directors decided to propose no dividend to be paid in 2025, in order to accelerate the Group’s top priority of deleveraging. Reported Earnings • Feb 28
First half 2024 earnings released: EPS: €0.024 (vs €0.051 in 1H 2023) First half 2024 results: EPS: €0.024 (down from €0.051 in 1H 2023). Revenue: €13.5b (flat on 1H 2023). Net income: €4.80m (down 52% from 1H 2023). Profit margin: 0% (down from 0.1% in 1H 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 4 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 increased by 24% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €8.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 63% over the past three years. New Risk • Feb 03
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 7.5% 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: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Announcement • Jan 03
Forvia SE to Report First Half, 2025 Results on Jul 28, 2025 Forvia SE announced that they will report first half, 2025 results on Jul 28, 2025 Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €9.29, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 73% over the past three years. Announcement • Oct 23
Forvia SE, Annual General Meeting, May 28, 2025 Forvia SE, Annual General Meeting, May 28, 2025. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €9.69, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 73% over the past three years. Buy Or Sell Opportunity • Sep 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to €8.78. The fair value is estimated to be €11.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 193% in the next 2 years. New Risk • Aug 09
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 6.9% 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: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €8.82, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.77 per share. Reported Earnings • Jul 25
First half 2024 earnings released First half 2024 results: Revenue: €13.5b (flat on 1H 2023). Net income: €5.00m (down 50% from 1H 2023). Profit margin: 0% (down from 0.1% in 1H 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in the United Kingdom. Announcement • Jul 24
Forvia SE to Report Fiscal Year 2024 Results on Feb 28, 2025 Forvia SE announced that they will report fiscal year 2024 results Pre-Market on Feb 28, 2025 Upcoming Dividend • May 28
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 04 June 2024. Payment date: 06 June 2024. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (3.3%). Announcement • Apr 20
Forvia SE Proposes Dividend, Payable on June 6, 2024 At its meeting held on February 16, 2024, the Board of Directors of Forvia SE decided to propose at the next Annual Shareholders’ Meeting to be held in Nanterre (France) on May 30, 2024, the payment of a dividend of €0.50 per share to be paid in cash. Upon the vote of the shareholders, the payment of the proposed dividend will be made according to the following calendar: Ex-date: June 4, 2024. Record date: June 5, 2024. Payment date: June 6, 2024. Announcement • Apr 19
Forvia SE Expects Revenue Guidance for the Year 2024 Forvia SE expected revenue guidance for the year 2024. For the year, the company expects revenues to be EUR 27.5 billion to EUR 28.5 billion. New Risk • Apr 12
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 7.2% 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: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Announcement • Mar 01
Forvia SE announced that it expects to receive €800 million in funding Forvia SE announced a private placement of non convertible senior notes for gross proceeds of €800 million on February 28, 2024. The company will issue senior notes due 2029 and of senior notes due 2031. New Risk • Feb 23
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 7.2% 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: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €12.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 66% over the past three years. Announcement • Feb 20
FORVIA Proposes Cash Dividend FORVIA at its board meeting held on February 16, 2024, the Board of Directors decided to propose at the next Annual Shareholders’ Meeting to be held in Nanterre (France) on May 30, 2024, the payment of a dividend of €0.50 per share to be paid in cash. Reported Earnings • Feb 20
Full year 2023 earnings released Full year 2023 results: Revenue: €27.2b (up 7.0% from FY 2022). Net income: €227.0m (up €608.8m from FY 2022). Profit margin: 0.8% (up from net loss in FY 2022). Revenue is forecast to grow 4.5% 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. Announcement • Feb 20
FORVIA Provides Earnings Guidance for the Year 2024 and 2025 FORVIA provided earnings guidance for the year 2024 and 2025. For the year 2024, the company expects sales to be between €27.5 billion and €28.5 billion. For the year 2025, the company expects sales to be c. €30 billion. Announcement • Oct 20
Forvia SE Confirms Financial Guidance for the Full Year 2023 Forvia SE confirmed financial guidance for the full year 2023. For the year, the company expects sales between €26.5 billion and €27.5 billion. Announcement • Aug 01
Samvardhana Motherson Automotive Systems Group B.V. acquired 100% stake in SAS Autosystemtechnik GmbH & Co.KG from Faurecia S.E. (ENXTPA:EO). Samvardhana Motherson Automotive Systems Group B.V. entered into agreement to acquire 100% stake in SAS Autosystemtechnik GmbH & Co.KG from Faurecia S.E. (ENXTPA:EO) on February 19, 2023. The enterprise value of the business is €540 million and the transaction will be funded by a mix of debt and internal accruals The transaction remains subject to information or consultation with employee representatives. Completion of the envisaged transaction will be subject to customary regulatory approvals and would be expected by Q2 FY24 (July-Sept 23). The deal is subject to approval of offer by Samvardhana Motherson Automotive Systems Group B.V. board. As of February 20, 2023 Samvardhana Motherson Automotive Systems Group B.V. board approved the deal. The company’s gross revenues were €4.4 billion on principal basis with net revenues €896 million for the year ended December 31st, 2022. For the Financial year 20233 reported EBIDTA and gross revenues of 103 million and 4423 million. It has more than 5,000 employees in over 24 manufacturing locations in Europe, Asia, and America. EPS accretive^ transaction. As on July 24, 2023, the transaction was approved by The European Commission.
Samvardhana Motherson Automotive Systems Group B.V. completed the acquisition of 100% stake in SAS Autosystemtechnik GmbH & Co.KG from Faurecia S.E. (ENXTPA:EO) on July 31, 2023. Reported Earnings • Jul 30
First half 2023 earnings released: EPS: €0.051 (vs €1.94 loss in 1H 2022) First half 2023 results: EPS: €0.051 (up from €1.94 loss in 1H 2022). Revenue: €13.6b (up 21% from 1H 2022). Net income: €10.0m (up €300.5m from 1H 2022). Profit margin: 0.1% (up from net loss in 1H 2022). Revenue is forecast to grow 4.2% 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 fallen by 12% per year whereas the company’s share price has fallen by 11% per year. Announcement • Jul 29
Forvia SE Revises Group Earnings Guidance for the Full Year 2023 Forvia SE revised group earnings guidance for the full year 2023. Based on actual worldwide automotive production growth in the first half and expected evolution in the second half, the company is revising upward its worldwide automotive production assumption in 2023 to around 86 million LVs (versus 82 million estimated in February). As a consequence, the group is adjusting upward its 2023 guidance as follows: sales between €26.5 billion and €27.5 billion (versus between €25.2 billion and 26.2 billion). Announcement • May 25
Cummins Inc. (NYSE:CMI) agreed to acquire Two of Faurecia's commercial vehicle manufacturing plants and their related activities from Faurecia S.E. (ENXTPA:EO). Cummins Inc. (NYSE:CMI) agreed to acquire Two of Faurecia's commercial vehicle manufacturing plants and their related activities from Faurecia S.E. (ENXTPA:EO) for €140 million on May 23, 2023. Cummins intends to finance the transaction using cash on the company’s balance sheet. The transaction, which is subject to customary closing conditions, receipt of applicable regulatory approvals in the United States, Germany and the Netherlands, and favorable completion of the consultation process with the works council and trade unions in Roermond, is expected to close by the end of the calendar year. Reported Earnings • Feb 21
Full year 2022 earnings released Full year 2022 results: Revenue: €25.5b (up 63% from FY 2021). Net loss: €382.0m (down €399.7m from profit in FY 2021). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in the United Kingdom. Announcement • Feb 18
Faurecia and Cummins in Exclusive Negotiations Regarding the Potential Sale of A Designated Part of Faurecia's Commercial Vehicle Exhaust Business in Europe and the United States Faurecia S.E. (ENXTPA:EO) has entered into exclusive negotiations with Cummins Inc. (NYSE:CMI) for the potential sale of a designated part of its commercial vehicle exhaust aftertreatment business in Europe and in the United States for an enterprise value of EUR 150 million. The potential sale includes two manufacturing plants, one located in Roermond, Netherlands, and one in Columbus, Indiana, USA, which would benefit if the transaction occursfrom the integration within Cummins to secure long-term business for the supply of internal combustion engines exhaust aftertreatment for commercial vehicles. Reported Earnings • Jul 26
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €176.5m from profit in 1H 2021). Profit margin: (down from 2.3% in 1H 2021). Over the next year, revenue is forecast to grow 31%, compared to a 99% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 22
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €15.6b (up 6.6% from FY 2020). Net income: €17.0m (up €395.8m from FY 2020). Profit margin: 0.1% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 53%, compared to a 80% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €37.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Auto Components industry in Europe. Total returns to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 19% share price gain to €42.94, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Auto Components industry in Europe. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €59.85 per share. Reported Earnings • Jul 28
First half 2021 earnings released: EPS €1.31 (vs €3.04 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €7.78b (up 28% from 1H 2020). Net income: €176.5m (up €592.0m from 1H 2020). Profit margin: 2.3% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Upcoming Dividend • May 27
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 07 June 2021. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 22
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €14.7b (down 18% from FY 2019). Net loss: €379.0m (down 164% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 22
Revenue beats expectations Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 16%, compared to a 8.7% growth forecast for the Auto Components industry in the United Kingdom. Is New 90 Day High Low • Feb 20
New 90-day high: €46.65 The company is up 18% from its price of €39.41 on 20 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Auto Components industry, which is also up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.72 per share. Is New 90 Day High Low • Jan 20
New 90-day high: €44.60 The company is up 16% from its price of €38.48 on 22 October 2020. The British market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Auto Components industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €60.42 per share. Is New 90 Day High Low • Nov 27
New 90-day high: €42.75 The company is up 16% from its price of €36.87 on 28 August 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.04 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €32.15 The company is down 3.0% from its price of €33.16 on 31 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.20 per share. 
