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Gentherm

Nasdaq:THRM
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
THRM
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Automobiles
Company description

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
-2.9%
NasdaqGS:THRM
-0.4%
US Auto Components
-0.3%
US Market
1 Year Returns
-3.8%
NasdaqGS:THRM
-26.3%
US Auto Components
3.9%
US Market
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
THRM
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gentherm.

NasdaqGS:THRM Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:THRM
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.

NasdaqGS:THRM DCF 1st Stage: Next 10 year cash flow forecast
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
NasdaqGS:THRM DCF 2nd Stage: Terminal Value
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
NasdaqGS:THRM Total Equity Value
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
NasdaqGS:THRM Discount to Share Price
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
Amount off the current price Gentherm is available for.
Intrinsic value
30%
Share price is $39.04 vs Future cash flow value of $56.13
Current Discount Checks
For Gentherm to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NasdaqGS:THRM PE (Price to Earnings) Ratio Data Sources
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.

NasdaqGS:THRM PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NasdaqGS:THRM PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NasdaqGS:THRM PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NasdaqGS:THRM PB (Price to Book) Ratio Data Sources
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
NasdaqGS:THRM PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Gentherm's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
37.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gentherm expected to grow at an attractive rate?
  • 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
Raw Data
NasdaqGS:THRM Future Growth Rates Data Sources
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
Raw Data
NasdaqGS:THRM Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:THRM Future Estimates Data
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
NasdaqGS:THRM Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Gentherm's earnings are expected to grow significantly at over 20% yearly.
  • Gentherm's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:THRM 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.

NasdaqGS:THRM Future Estimates Data
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
NasdaqGS:THRM Past Financials Data
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.
X
Future performance checks
We assess Gentherm's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Gentherm's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Gentherm's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gentherm Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:THRM Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Gentherm's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Gentherm's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Gentherm Company Filings, last reported 3 months ago.

NasdaqGS:THRM Past Debt and Equity Data
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).
X
Financial health checks
We assess Gentherm's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gentherm has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from Gentherm dividends.
If you bought $2,000 of Gentherm shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NasdaqGS:THRM Annualized Past and Future Dividends
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.

NasdaqGS:THRM Future Dividends Estimate Data
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.
Current Payout to shareholders
What portion of Gentherm's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gentherm has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gentherm's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Phil Eyler
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:

0.9
Average Tenure
48
Average Age
  • The average tenure for the Gentherm management team is less than 2 years, this suggests a new team.
Management Team

Phil Eyler

TITLE
President
COMPENSATION
$2M
AGE
48
TENURE
1.6 yrs

Yijing Brentano

TITLE
Senior Vice President of Investor Relations
COMPENSATION
$1M
AGE
47
TENURE
1.4 yrs

Ken Phillips

TITLE
Non-Executive Officer
COMPENSATION
$1M
AGE
45

Matteo Anversa

TITLE
Executive VP of Finance
AGE
48
TENURE
0.5 yrs

Jörg Evers

TITLE
Executive Vice President of Operations

Mark Potesta

TITLE
Senior VP & Chief Technology Officer
AGE
55
TENURE
0.7 yrs

Wayne Kauffman

TITLE
VP & General Counsel

Jaymi Wilson

TITLE
Vice President of Strategy
TENURE
0.5 yrs

Barbara Runyon

TITLE
Senior VP & Chief Human Resources Officer
AGE
48
TENURE
0.9 yrs

Ryan Gaul

TITLE
Senior Vice President of Operations
AGE
43
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Gentherm board of directors in years:

3.5
Average Tenure
54
Average Age
  • The tenure for the Gentherm board of directors is about average.
Board of Directors

Francois Castaing

TITLE
Chairman of the Board
COMPENSATION
$205K
AGE
73
TENURE
2.2 yrs

Phil Eyler

TITLE
President
COMPENSATION
$2M
AGE
48
TENURE
1.6 yrs

Maurice E. Gunderson

TITLE
Independent Director
COMPENSATION
$171K
AGE
67
TENURE
12.4 yrs

Byron Shaw

TITLE
Independent Director
COMPENSATION
$166K
AGE
51
TENURE
6.5 yrs

Yvonne Hao

TITLE
Independent Director
COMPENSATION
$166K
AGE
45
TENURE
3.5 yrs

Ron Hundzinski

TITLE
Independent Director
COMPENSATION
$161K
AGE
60
TENURE
3.5 yrs

Sophie Desormière

TITLE
Independent Director
COMPENSATION
$161K
AGE
52
TENURE
7.2 yrs

John Stacey

TITLE
Director
COMPENSATION
$156K
AGE
54
TENURE
1.2 yrs

Chuck Kummeth

TITLE
Director
COMPENSATION
$136K
AGE
59
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • Gentherm individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess Gentherm's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Does 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 -

Is 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 -

Have 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 -

Despite 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 -

What 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 -

Did 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 -

Is 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 -

Does 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 -

Should 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 -

Company 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
Staff numbers
13,755
Gentherm employees.
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.