Gentherm
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Gentherm Incorporated designs, develops, and manufactures thermal management technologies. The last earnings update was 79 days ago. More info.
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THRM Share Price and Events
7 Day Returns
1 Year Returns
THRM Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Gentherm (THRM) | -2.9% | -3.7% | -9% | -3.8% | 4.8% | -17.7% |
| US Auto Components | -0.4% | 0.2% | -16% | -26.3% | -2.2% | -11.7% |
| US Market | -0.3% | 2.3% | 2.3% | 3.9% | 36.7% | 41.8% |
1 Year Return vs Industry and Market
- THRM outperformed the Auto Components industry which returned -26.3% over the past year.
- THRM underperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
Related Companies
Value
Is Gentherm undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Gentherm
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Gentherm.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 7 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Auto Components Unlevered Beta | Simply Wall St/ S&P Global | 1.27 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.266 (1 + (1- 21%) (8.68%)) |
1.236 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.24 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.236 * 5.96%) |
10.1% |
Discounted Cash Flow Calculation for NasdaqGS:THRM using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Gentherm is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.1%) |
|
|---|---|---|---|
| 2020 | 103.30 | Analyst x2 | 93.83 |
| 2021 | 118.39 | Est @ 14.61% | 97.67 |
| 2022 | 131.47 | Est @ 11.05% | 98.51 |
| 2023 | 142.71 | Est @ 8.55% | 97.13 |
| 2024 | 152.42 | Est @ 6.8% | 94.22 |
| 2025 | 160.93 | Est @ 5.58% | 90.36 |
| 2026 | 168.54 | Est @ 4.73% | 85.95 |
| 2027 | 175.49 | Est @ 4.13% | 81.29 |
| 2028 | 182.00 | Est @ 3.71% | 76.57 |
| 2029 | 188.22 | Est @ 3.41% | 71.92 |
| Present value of next 10 years cash flows | $887.44 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $188.22 × (1 + 2.73%) ÷ (10.1% – 2.73%) |
$2,624.19 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $2,624.19 ÷ (1 + 10.1%)10 |
$1,002.75 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $887.44 + $1,002.75 |
$1,890.19 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,890.19 / 33.68 |
$56.13 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $56.13 |
| Current discount | Discount to share price of
$39.04
= -1 x ($39.04 - $56.13) / $56.13 |
30.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Gentherm's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Gentherm's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Gentherm's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Gentherm's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.06 |
| NasdaqGS:THRM Share Price ** | NasdaqGS (2019-07-19) in USD | $39.04 |
| United States of America Auto Components Industry PE Ratio | Median Figure of 23 Publicly-Listed Auto Components Companies | 14.42x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.92x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Gentherm.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:THRM Share Price ÷ EPS (both in USD) = 39.04 ÷ 1.06 |
36.71x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Gentherm is overvalued based on earnings compared to the US Auto Components industry average.
- Gentherm is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Gentherm's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 36.71x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts |
37.2%per year |
| United States of America Auto Components Industry PEG Ratio | Median Figure of 21 Publicly-Listed Auto Components Companies | 1.05x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 36.71x ÷ 37.2% |
0.99x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Gentherm is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Gentherm's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $14.22 |
| NasdaqGS:THRM Share Price * | NasdaqGS (2019-07-19) in USD | $39.04 |
| United States of America Auto Components Industry PB Ratio | Median Figure of 40 Publicly-Listed Auto Components Companies | 1.32x |
| United States of America Market PB Ratio | Median Figure of 5,248 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:THRM Share Price ÷ Book Value per Share (both in USD) = 39.04 ÷ 14.22 |
2.75x |
* Primary Listing of Gentherm.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Gentherm is overvalued based on assets compared to the US Auto Components industry average.
Value checks
We assess Gentherm's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check) Gentherm has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Gentherm expected to perform in the next 1 to 3 years based on estimates from 7 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Gentherm's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Gentherm's earnings growth is expected to exceed the United States of America market average.
- Gentherm's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:THRM Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts | 37.2% |
| NasdaqGS:THRM Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts | 6.1% |
| United States of America Auto Components Industry Earnings Growth Rate | Market Cap Weighted Average | 17.1% |
| United States of America Auto Components Industry Revenue Growth Rate | Market Cap Weighted Average | 5.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1,222 | 116 | 1 | |
| 2020-12-31 | 1,096 | 147 | 82 | 7 |
| 2019-12-31 | 1,034 | 127 | 58 | 7 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,032 | 120 | 37 |
| 2018-12-31 | 1,038 | 118 | 42 |
| 2018-09-30 | 1,044 | 105 | 24 |
| 2018-06-30 | 1,021 | 76 | 31 |
| 2018-03-31 | 1,001 | 77 | 23 |
| 2017-12-31 | 986 | 50 | 35 |
| 2017-09-30 | 965 | 53 | 67 |
| 2017-06-30 | 962 | 63 | 80 |
| 2017-03-31 | 951 | 81 | 90 |
| 2016-12-31 | 918 | 108 | 77 |
| 2016-09-30 | 893 | 109 | 79 |
| 2016-06-30 | 885 | 116 | 86 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
All data from Gentherm Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 3.43 | 3.43 | 3.43 | 1.00 |
| 2020-12-31 | 2.56 | 2.65 | 2.46 | 2.00 |
| 2019-12-31 | 1.79 | 1.82 | 1.75 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.06 |
| 2018-12-31 | 1.17 |
| 2018-09-30 | 0.66 |
| 2018-06-30 | 0.84 |
| 2018-03-31 | 0.62 |
| 2017-12-31 | 0.96 |
| 2017-09-30 | 1.81 |
| 2017-06-30 | 2.19 |
| 2017-03-31 | 2.47 |
| 2016-12-31 | 2.10 |
| 2016-09-30 | 2.17 |
| 2016-06-30 | 2.38 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Gentherm will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Gentherm's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Gentherm has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Gentherm performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Gentherm's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Gentherm's 1-year earnings growth exceeds its 5-year average (63.9% vs -11.2%)
- Gentherm's earnings growth has exceeded the US Auto Components industry average in the past year (63.9% vs 2.9%).
Earnings and Revenue History
All data from Gentherm Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,031.59 | 37.35 | 123.34 | 75.49 |
| 2018-12-31 | 1,038.26 | 41.90 | 127.15 | 79.90 |
| 2018-09-30 | 1,044.49 | 24.03 | 127.53 | 85.23 |
| 2018-06-30 | 1,021.40 | 30.94 | 129.31 | 85.89 |
| 2018-03-31 | 1,001.00 | 22.79 | 129.44 | 86.28 |
| 2017-12-31 | 985.68 | 35.23 | 123.82 | 82.48 |
| 2017-09-30 | 965.04 | 66.51 | 128.63 | 79.00 |
| 2017-06-30 | 961.81 | 80.17 | 123.81 | 79.03 |
| 2017-03-31 | 951.15 | 90.11 | 121.43 | 76.73 |
| 2016-12-31 | 917.60 | 76.60 | 113.25 | 72.92 |
| 2016-09-30 | 893.34 | 78.98 | 105.44 | 69.70 |
| 2016-06-30 | 884.53 | 86.42 | 98.47 | 64.89 |
| 2016-03-31 | 865.25 | 87.47 | 93.14 | 60.75 |
| 2015-12-31 | 856.45 | 95.39 | 95.46 | 59.60 |
| 2015-09-30 | 849.34 | 86.81 | 94.45 | 59.11 |
| 2015-06-30 | 831.53 | 76.43 | 94.09 | 59.46 |
| 2015-03-31 | 824.27 | 73.36 | 91.73 | 59.03 |
| 2014-12-31 | 811.30 | 70.12 | 84.65 | 57.53 |
| 2014-09-30 | 788.42 | 61.25 | 80.35 | 55.78 |
| 2014-06-30 | 753.59 | 52.50 | 76.49 | 53.22 |
| 2014-03-31 | 707.93 | 41.05 | 73.70 | 51.08 |
| 2013-12-31 | 662.08 | 32.20 | 72.09 | 49.87 |
| 2013-09-30 | 628.03 | 23.80 | 70.79 | 47.35 |
| 2013-06-30 | 597.91 | 17.74 | 69.04 | 44.89 |
| 2013-03-31 | 573.54 | 16.34 | 65.57 | 42.71 |
| 2012-12-31 | 554.98 | 11.16 | 64.32 | 40.95 |
| 2012-09-30 | 537.75 | 13.93 | 61.99 | 41.96 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Gentherm has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Gentherm used its assets less efficiently than the US Auto Components industry average last year based on Return on Assets.
- Gentherm's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Gentherm's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Gentherm has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Gentherm's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Gentherm's finances.
The net worth of a company is the difference between its assets and liabilities.
- Gentherm is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Gentherm's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Gentherm Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 478.49 | 100.55 | 38.77 |
| 2018-12-31 | 479.70 | 139.89 | 39.62 |
| 2018-09-30 | 550.32 | 101.43 | 47.15 |
| 2018-06-30 | 588.43 | 112.90 | 65.36 |
| 2018-03-31 | 610.45 | 109.23 | 70.48 |
| 2017-12-31 | 553.87 | 144.67 | 103.17 |
| 2017-09-30 | 550.81 | 145.89 | 147.63 |
| 2017-06-30 | 532.97 | 163.29 | 164.18 |
| 2017-03-31 | 497.26 | 163.14 | 133.91 |
| 2016-12-31 | 460.41 | 171.53 | 177.19 |
| 2016-09-30 | 445.11 | 141.57 | 132.81 |
| 2016-06-30 | 420.69 | 141.99 | 132.01 |
| 2016-03-31 | 407.31 | 173.44 | 210.56 |
| 2015-12-31 | 384.29 | 97.74 | 144.48 |
| 2015-09-30 | 352.38 | 109.06 | 129.17 |
| 2015-06-30 | 326.85 | 99.55 | 101.64 |
| 2015-03-31 | 297.64 | 99.12 | 79.58 |
| 2014-12-31 | 294.22 | 99.31 | 85.70 |
| 2014-09-30 | 280.12 | 102.80 | 65.17 |
| 2014-06-30 | 272.58 | 96.21 | 43.15 |
| 2014-03-31 | 251.55 | 101.60 | 57.65 |
| 2013-12-31 | 232.09 | 94.23 | 54.89 |
| 2013-09-30 | 215.65 | 99.58 | 36.00 |
| 2013-06-30 | 198.66 | 105.28 | 49.40 |
| 2013-03-31 | 193.78 | 105.05 | 47.98 |
| 2012-12-31 | 237.63 | 73.05 | 58.15 |
| 2012-09-30 | 241.61 | 74.42 | 72.28 |
- Gentherm's level of debt (21%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (40.3% vs 21% today).
- Debt is well covered by operating cash flow (119.1%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 17.5x coverage).
Financial health checks
We assess Gentherm's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Gentherm has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Gentherm's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Gentherm
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Gentherm's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Gentherm's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| United States of America Auto Components Industry Average Dividend Yield | Market Cap Weighted Average of 15 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | ||
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Gentherm has not reported any payouts.
- Unable to verify if Gentherm's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Gentherm's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Gentherm afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Gentherm has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $2,401,825 |
| AGE | 48 |
| TENURE AS CEO | 1.6 years |
CEO Bio
Mr. Phillip Eyler, also known as Phil, has been President and Chief Executive Officer of Gentherm Incorporated since December 4, 2017. Mr. Eyler has been an Executive Vice President and President of Connected Car Division at Harman International Industries, Incorporated since July 21, 2015. Mr. Eyler oversees the US$3B division, which develops integrated systems encompassing embedded infotainment, telematics, connected safety and cyber security solutions, among others. He oversees an organization of 7,500 employees, including top technology experts and engineers throughout the world. He is a veteran of the automotive industry for more than 20 years. He joined Harman in 1997. Through his tenure at Harman, he served in a variety of leadership roles of increasing responsibility in both infotainment and audio systems engineering, project management, quality and manufacturing. Mr. Eyler served as Senior Vice President and General Manager of Global Automotive Audio from 2011 to 2015, where he led sales, marketing, R&D, product engineering and operations. During this time, he spearheaded market-leading and award-winning innovations such as Harman’s Clari-Fi music restoration technology, the HALOsonic suite sound management solutions and Individual Sound Zones, further distinguishing Harman’s audio offerings from the competition. He has been a Director of Gentherm Incorporated since December 4, 2017. Mr. Eyler led the nearly $3 billion Infotainment division of Harman. From 2010 to 2011, he was responsible for Harman’s North American Automotive business, with overall responsibility for both audio and infotainment. During that time, he successfully led the product development and launch of the industry’s first scalable infotainment platform, contributing to Harman’s industry-leading infotainment backlog. Prior to this, he led Harman’s North America and Asia manufacturing. He began his career at Siemens in the electromechanical components division. Mr. Eyler earned a Bachelor of Science degree in mechanical engineering from Purdue University and his MBA from the Fuqua School of Business at Duke University.
CEO Compensation
- Phil's compensation has been consistent with company performance over the past year, both up more than 20%.
- Phil's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Gentherm management team in years:
- The average tenure for the Gentherm management team is less than 2 years, this suggests a new team.
Management Team
Phil Eyler
President
$2M
48
1.6 yrs
Yijing Brentano
Senior Vice President of Investor Relations
$1M
47
1.4 yrs
Ken Phillips
Non-Executive Officer
$1M
45
Matteo Anversa
Executive VP of Finance
48
0.5 yrs
Jörg Evers
Executive Vice President of Operations
Mark Potesta
Senior VP & Chief Technology Officer
55
0.7 yrs
Wayne Kauffman
VP & General Counsel
Jaymi Wilson
Vice President of Strategy
0.5 yrs
Barbara Runyon
Senior VP & Chief Human Resources Officer
48
0.9 yrs
Ryan Gaul
Senior Vice President of Operations
43
1.1 yrs
Board of Directors Tenure
Average tenure and age of the Gentherm board of directors in years:
- The tenure for the Gentherm board of directors is about average.
Board of Directors
Francois Castaing
Chairman of the Board
$205K
73
2.2 yrs
Phil Eyler
President
$2M
48
1.6 yrs
Maurice E. Gunderson
Independent Director
$171K
67
12.4 yrs
Byron Shaw
Independent Director
$166K
51
6.5 yrs
Yvonne Hao
Independent Director
$166K
45
3.5 yrs
Ron Hundzinski
Independent Director
$161K
60
3.5 yrs
Sophie Desormière
Independent Director
$161K
52
7.2 yrs
John Stacey
Director
$156K
54
1.2 yrs
Chuck Kummeth
Director
$136K
59
0.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Jun 19 | Sell | Kenneth Phillips | Individual | 13. Jun 19 | 13. Jun 19 | -1,345 | $39.46 | $-53,075 | ||
| 06. Jun 19 | Sell | Frithjof Oldorff | Individual | 04. Jun 19 | 04. Jun 19 | -10,230 | $38.79 | $-396,798 | ||
| 03. May 19 | Sell | Kenneth Phillips | Individual | 01. May 19 | 01. May 19 | -11,222 | $41.78 | $-468,801 | ||
| 21. Dec 18 | Sell | Barry Steele | Individual | 18. Dec 18 | 19. Dec 18 | -6,200 | $41.64 | $-257,875 | ||
| 03. Aug 18 | Buy | Ronald Hundzinski | Individual | 03. Aug 18 | 03. Aug 18 | 1,500 | $45.90 | $68,855 | ||
Management checks
We assess Gentherm's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Gentherm has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
With A 7.8% Return On Equity, Is Gentherm Incorporated (NASDAQ:THRM) A Quality Stock?
The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Gentherm: 7.8% = US$37m ÷ US$478m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Gentherm's Debt And Its 7.8% ROE While Gentherm does have some debt, with debt to equity of just 0.21, we wouldn't say debt is excessive. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.
Simply Wall St - – Full articleDoes Gentherm Incorporated’s (NASDAQ:THRM) ROCE Reflect Well On The Business?
And finally, we'll look at how its current liabilities are impacting its ROCE. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Gentherm: 0.15 = US$90m ÷ (US$763m - US$166m) (Based on the trailing twelve months to March 2019.) Therefore, Gentherm has an ROCE of 15%. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.
Simply Wall St - – Full articleIs Gentherm Incorporated (NASDAQ:THRM) Trading At A 27% Discount?
In this article we are going to estimate the intrinsic value of Gentherm Incorporated (NASDAQ:THRM) by taking the foreast future cash flows of the company and discounting them back to today's value. … We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $83.41 $102.30 $117.68 $131.03 $142.50 $152.41 $161.07 $168.80 $175.85 $182.43 Growth Rate Estimate Source Analyst x3 Analyst x2 Est @ 15.03% Est @ 11.34% Est @ 8.76% Est @ 6.95% Est @ 5.68% Est @ 4.8% Est @ 4.18% Est @ 3.74% Present Value ($, Millions) Discounted @ 9.81% $75.96 $84.85 $88.89 $90.13 $89.27 $86.95 $83.69 $79.87 $75.78 $71.59 Present Value of 10-year Cash Flow (PVCF)= $826.97m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period.
Simply Wall St - – Full articleHave Insiders Been Selling Gentherm Incorporated (NASDAQ:THRM) Shares This Year?
So shareholders might well want to know whether insiders have been buying or selling shares in Gentherm Incorporated (NASDAQ:THRM). … Insiders at Gentherm Have Sold Stock Recently The last quarter saw substantial insider selling of Gentherm shares. … Insider Ownership of Gentherm Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own.
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is Gentherm Incorporated (NASDAQ:THRM) Still Undervalued?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Gentherm: P/E of 36.03 = $38.31 ÷ $1.06 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings.
Simply Wall St - – Full articleWhat Kind Of Share Price Volatility Should You Expect For Gentherm Incorporated (NASDAQ:THRM)?
The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … What this means for you: Since Gentherm has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.
Simply Wall St - – Full articleDid You Miss Gentherm's (NASDAQ:THRM) 21% Share Price Gain?
To wit, the Gentherm Incorporated (NASDAQ:THRM) share price is 21% higher than it was a year ago, much better than the market return of around 8.0% (not including dividends) in the same period. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the last year Gentherm grew its earnings per share (EPS) by 22%.
Simply Wall St - – Full articleIs There Now An Opportunity In Gentherm Incorporated (NASDAQ:THRM)?
Gentherm Incorporated (NASDAQ:THRM), which is in the auto components business, and is based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Gentherm’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleDoes Gentherm Incorporated (NASDAQ:THRM) Generate Enough Cash?
If you are currently a shareholder in Gentherm Incorporated (NASDAQ:THRM), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I’ve analysed below, the health and outlook of Gentherm’s cash flow, which will help you understand the stock from a cash standpoint. … I will be analysing Gentherm’s FCF by looking at its FCF yield and its operating cash flow growth.
Simply Wall St - – Full articleShould You Be Concerned About Gentherm Incorporated's (NASDAQ:THRM) ROE?
This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.087. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCompany Info
Description
Gentherm Incorporated designs, develops, and manufactures thermal management technologies. The company operates through two segments, Automotive and Industrial. The Automotive segment offers climate comfort system solutions, including seat heaters; variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; integrated electronic components, such as blowers and electronic control units; and steering wheel heaters, neck climate control systems, and surface climate control systems for doors, armrests, cupholders, and storage products. This segment also provides specialized automotive cable systems, battery thermal management products, and automotive electronic and software systems. This segment serves light vehicle original equipment manufacturers (OEMs), commercial vehicle OEMs, and automotive seat manufacturers, as well as aftermarket seat distributors and installers. The Industrial segment offers remote power generation systems, patient temperature management systems, and environmental testing equipment and services. The company provides its products and services in the United States, China, Germany, Japan, South Korea, Canada, the Czech Republic, the United Kingdom, Romania, and internationally. The company was formerly known as Amerigon Incorporated and changed its name to Gentherm Incorporated in September 2012. Gentherm Incorporated was incorporated in 1991 and is headquartered in Northville, Michigan.
Details
| Name: | Gentherm Incorporated |
| THRM | |
| Exchange: | NasdaqGS |
| Founded: | 1991 |
| $1,314,672,819 | |
| 33,675,021 | |
| Website: | http://www.gentherm.com |
| Address: |
Gentherm Incorporated 21680 Haggerty Road, Northville, Michigan, 48167, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | THRM | Common Shares | Nasdaq Global Select | US | USD | 10. Jun 1993 | |
| DB | QA4A | Common Shares | Deutsche Boerse AG | DE | EUR | 10. Jun 1993 |
Number of employees
Current staff
Industry
| Auto Parts and Equipment | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/19 23:33 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/07/19 |
| Last earnings filing: | 2019/05/01 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
