NasdaqGS:GNTX

Stock Analysis Report

Executive Summary

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.


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


Market Performance


7 Day Return

1.4%

NasdaqGS:GNTX

3.3%

US Auto Components

2.9%

US Market


1 Year Return

11.9%

NasdaqGS:GNTX

-28.2%

US Auto Components

0.2%

US Market

GNTX outperformed the Auto Components industry which returned -30.6% over the past year.

GNTX outperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

GNTXIndustryMarket
7 Day1.4%3.3%2.9%
30 Day1.5%-8.8%-2.3%
90 Day22.4%3.5%3.1%
1 Year14.3%11.9%-27.2%-28.2%2.4%0.2%
3 Year57.9%48.9%1.4%-9.7%41.7%32.4%
5 Year99.8%80.5%-1.6%-15.0%55.1%37.9%

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 based on future cash flows and its price relative to the stock market?

16.18x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Gentex's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Gentex's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Gentex is overvalued based on earnings compared to the US Auto Components industry average.

Gentex is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Gentex is poor value based on expected growth next year.


Price Based on Value of Assets

Gentex is overvalued based on assets compared to the US Auto Components industry average.


Next Steps

Future Growth

How is Gentex expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Gentex's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).

Gentex's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).

Gentex's revenue growth is positive but not above the United States of America market average.

Gentex's earnings growth is positive but not above the United States of America market average.

Gentex's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Gentex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Gentex performed over the past 5 years?

10.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Gentex's year on year earnings growth rate has been positive over the past 5 years.

Gentex's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Gentex's 1-year earnings growth is negative, it can't be compared to the US Auto Components industry average.


Return on Equity

Gentex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Gentex used its assets more efficiently than the US Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

Gentex has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Gentex's financial position?


Financial Position Analysis

Gentex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Gentex's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Gentex has no debt.

Gentex has no debt compared to 5 years ago when it was 18.1%.

Gentex has no debt, it does not need to be covered by operating cash flow.

Gentex has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Gentex has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

1.74%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Gentex's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Gentex's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Gentex's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average management tenure


CEO

Steve Downing (41yo)

1.6yrs

Tenure

US$3,427,450

Compensation

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


CEO Compensation Analysis

Steve's remuneration is lower than average for companies of similar size in United States of America.

Steve's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

2.4yrs

Average Tenure

48.5yo

Average Age

The tenure for the Gentex management team is about average.


Board Age and Tenure

4.6yrs

Average Tenure

74yo

Average Age

The tenure for the Gentex board of directors is about average.


Insider Trading

More shares have been bought than sold by Gentex individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$2,48901 Jul 19
Steven Downing
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares119
Max PriceUS$20.92
BuyUS$2,51001 Jul 19
Matthew Chiodo
EntityIndividual
Role
Head of Sales
Vice President of Sales
Shares120
Max PriceUS$20.92
BuyUS$31401 Jul 19
Neil Boehm
EntityIndividual
Role
Chief Technology Officer
CTO & VP of Engineering
Shares15
Max PriceUS$20.92
BuyUS$2,51001 Jul 19
Scott Ryan
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares120
Max PriceUS$20.92
BuyUS$12,49901 Apr 19
Steven Downing
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares711
Max PriceUS$17.58
BuyUS$9,98501 Apr 19
Kevin Nash
EntityIndividual
Role
Chief Financial Officer
VP of Finance
Shares568
Max PriceUS$17.58
BuyUS$12,49901 Apr 19
Scott Ryan
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares711
Max PriceUS$17.58
BuyUS$2,49601 Apr 19
Matthew Chiodo
EntityIndividual
Role
Head of Sales
Vice President of Sales
Shares142
Max PriceUS$17.58
BuyUS$10,33701 Apr 19
Neil Boehm
EntityIndividual
Role
Chief Technology Officer
CTO & VP of Engineering
Shares588
Max PriceUS$17.58
BuyUS$2,51716 Jan 19
Matthew Chiodo
EntityIndividual
Role
Head of Sales
Vice President of Sales
Shares138
Max PriceUS$18.24
BuyUS$2,49916 Jan 19
Scott Ryan
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares137
Max PriceUS$18.24
BuyUS$2,51231 Dec 18
Steven Downing
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares149
Max PriceUS$16.86
BuyUS$2,49531 Dec 18
Matthew Chiodo
EntityIndividual
Role
Head of Sales
Vice President of Sales
Shares148
Max PriceUS$16.86
BuyUS$32031 Dec 18
Neil Boehm
EntityIndividual
Role
Chief Technology Officer
CTO & VP of Engineering
Shares19
Max PriceUS$16.86
BuyUS$2,49531 Dec 18
Scott Ryan
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares148
Max PriceUS$16.86
BuyUS$20,40622 Oct 18
Kathleen Starkoff
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$20.41
BuyUS$32801 Oct 18
Neil Boehm
EntityIndividual
Role
Chief Technology Officer
CTO & VP of Engineering
Shares18
Max PriceUS$18.24
SellUS$85,99901 Oct 18
Neil Boehm
EntityIndividual
Role
Chief Technology Officer
CTO & VP of Engineering
Shares4,000
Max PriceUS$21.50
SellUS$386,99601 Oct 18
Steven Downing
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares18,000
Max PriceUS$21.50
BuyUS$2,49901 Oct 18
Steven Downing
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares137
Max PriceUS$18.24
SellUS$128,99901 Oct 18
Kevin Nash
EntityIndividual
Role
Chief Financial Officer
VP of Finance
Shares6,000
Max PriceUS$21.50

Ownership Breakdown


Management Team

  • Fred Bauer (76yo)

    Founder

    • Tenure: 1.6yrs
    • Compensation: US$1.68m
  • Paul Flynn (54yo)

    Vice President of Operations

    • Tenure: 7.6yrs
    • Compensation: US$322.84k
  • Steve Downing (41yo)

    President & CEO

    • Tenure: 1.6yrs
    • Compensation: US$3.43m
  • Kevin Nash (44yo)

    VP of Finance

    • Tenure: 1.5yrs
    • Compensation: US$990.24k
  • Joe Matthews (50yo)

    VP of Purchasing & Diversity Officer

    • Tenure: 5.2yrs
    • Compensation: US$335.91k
  • Neil Boehm (47yo)

    CTO & VP of Engineering

    • Tenure: 1.5yrs
    • Compensation: US$958.01k
  • Scott Ryan (38yo)

    VP, General Counsel & Corporate Secretary

    • Tenure: 2.4yrs
    • Compensation: US$926.75k
  • Matt Chiodo (54yo)

    Vice President of Sales

    • Tenure: 2.6yrs
    • Compensation: US$955.23k
  • Josh O'Berski

    Director of Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Brian Walker (57yo)

    Director

    • Tenure: 0.8yrs
    • Compensation: US$27.70k
  • Fred Bauer (76yo)

    Founder

    • Tenure: 1.6yrs
    • Compensation: US$1.68m
  • John Mulder (82yo)

    Independent Director

    • Tenure: 27.6yrs
    • Compensation: US$117.45k
  • Fred Sotok (84yo)

    Independent Director

    • Tenure: 19.6yrs
    • Compensation: US$124.95k
  • Richard Schaum (72yo)

    Independent Director

    • Tenure: 8.6yrs
    • Compensation: US$133.70k
  • Gary Goode (74yo)

    Independent Director

    • Tenure: 16.6yrs
    • Compensation: US$148.70k
  • Jim Wallace (76yo)

    Chairman & Lead Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$209.95k
  • Kathy Starkoff (61yo)

    Director

    • Tenure: 0.8yrs
    • Compensation: US$40.84k
  • Leslie Brown (65yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: US$121.53k
  • Jim Hollars (74yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$117.45k

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$6.792b
  • Shares outstanding: 254.78m
  • Website: https://www.gentex.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GNTXNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1981
GTXDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1981

Biography

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets automotive products, including interior an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:37
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.