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Market Cap

US$8.7b

Last Updated

2021/04/19 23:26 UTC

Data Sources

Company Financials +

Executive Summary

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Gentex's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GNTX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GNTX's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.1%

GNTX

-0.9%

US Auto Components

1.3%

US Market


1 Year Return

56.2%

GNTX

115.7%

US Auto Components

53.8%

US Market

Return vs Industry: GNTX underperformed the US Auto Components industry which returned 115.7% over the past year.

Return vs Market: GNTX underperformed the US Market which returned 53.9% over the past year.


Shareholder returns

GNTXIndustryMarket
7 Day-0.1%-0.9%1.3%
30 Day0.8%-6.3%5.1%
90 Day0.4%1.7%8.9%
1 Year58.7%56.2%116.8%115.7%56.6%53.8%
3 Year70.7%61.6%26.5%17.6%64.4%53.6%
5 Year145.9%123.8%75.4%51.5%120.4%95.7%

Long-Term Price Volatility Vs. Market

How volatile is Gentex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gentex undervalued compared to its fair value and its price relative to the market?

25.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GNTX ($36.03) is trading above our estimate of fair value ($33.02)

Significantly Below Fair Value: GNTX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GNTX is good value based on its PE Ratio (25.5x) compared to the US Auto Components industry average (26x).

PE vs Market: GNTX is poor value based on its PE Ratio (25.5x) compared to the US market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: GNTX is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: GNTX is overvalued based on its PB Ratio (4.5x) compared to the US Auto Components industry average (2.6x).


Future Growth

How is Gentex forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

10.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GNTX's forecast earnings growth (10.6% per year) is above the savings rate (2%).

Earnings vs Market: GNTX's earnings (10.6% per year) are forecast to grow slower than the US market (18% per year).

High Growth Earnings: GNTX's earnings are forecast to grow, but not significantly.

Revenue vs Market: GNTX's revenue (9.4% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: GNTX's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GNTX's Return on Equity is forecast to be high in 3 years time (24.2%)


Past Performance

How has Gentex performed over the past 5 years?

2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GNTX has high quality earnings.

Growing Profit Margin: GNTX's current net profit margins (20.3%) are lower than last year (22.6%).


Past Earnings Growth Analysis

Earnings Trend: GNTX's earnings have grown by 2% per year over the past 5 years.

Accelerating Growth: GNTX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GNTX had negative earnings growth (-18.3%) over the past year, making it difficult to compare to the Auto Components industry average (16.5%).


Return on Equity

High ROE: GNTX's Return on Equity (17.7%) is considered low.


Financial Health

How is Gentex's financial position?


Financial Position Analysis

Short Term Liabilities: GNTX's short term assets ($979.3M) exceed its short term liabilities ($177.7M).

Long Term Liabilities: GNTX's short term assets ($979.3M) exceed its long term liabilities ($56.3M).


Debt to Equity History and Analysis

Debt Level: GNTX is debt free.

Reducing Debt: GNTX has no debt compared to 5 years ago when its debt to equity ratio was 13.7%.

Debt Coverage: GNTX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GNTX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Gentex current dividend yield, its reliability and sustainability?

1.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GNTX's dividend (1.33%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: GNTX's dividend (1.33%) is low compared to the top 25% of dividend payers in the US market (3.46%).


Stability and Growth of Payments

Stable Dividend: GNTX's dividends per share have been stable in the past 10 years.

Growing Dividend: GNTX's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34%), GNTX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GNTX's dividends in 3 years are forecast to be well covered by earnings (23.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Steve Downing (42 yo)

3.25yrs

Tenure

US$3,059,702

Compensation

Mr. Steven R. Downing, also known as Steve, has been the Chief Executive Officer at Gentex Corp. since January 01, 2018 and has been its President since August 2017. He has been Director of at Gentex Corp....


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD3.06M) is below average for companies of similar size in the US market ($USD6.51M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GNTX's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: GNTX's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gentex Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gentex Corporation
  • Ticker: GNTX
  • Exchange: NasdaqGS
  • Founded: 1974
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: US$8.735b
  • Shares outstanding: 243.67m
  • Website: https://www.gentex.com

Number of Employees


Location

  • Gentex Corporation
  • 600 North Centennial Street
  • Zeeland
  • Michigan
  • 49464
  • United States

Listings


Biography

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and inter...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 23:26
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.