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Autoliv

NYSE:ALV
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALV
NYSE
$6B
Market Cap
  1. Home
  2. US
  3. Automobiles
Company description

Autoliv, Inc., through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The last earnings update was 29 days ago. More info.


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ALV Share Price and Events
7 Day Returns
-3.6%
NYSE:ALV
-3.1%
US Auto Components
-1%
US Market
1 Year Returns
-28.9%
NYSE:ALV
-30.8%
US Auto Components
-0.4%
US Market
ALV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Autoliv (ALV) -3.6% -5.6% -4.1% -28.9% -37.6% -35.9%
US Auto Components -3.1% -6.2% -2.9% -30.8% -9.4% -15.8%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • ALV outperformed the Auto Components industry which returned -30.8% over the past year.
  • ALV underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
ALV
Industry
5yr Volatility vs Market

Value

 Is Autoliv 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 Autoliv 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 Autoliv.

NYSE:ALV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 21 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.4%
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 NYSE:ALV
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 1.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.259 (1 + (1- 22%) (41.49%))
1.447
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.447 * 5.96%)
11.35%

Discounted Cash Flow Calculation for NYSE:ALV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Autoliv 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:ALV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.35%)
2020 461.21 Analyst x15 414.19
2021 543.83 Analyst x6 438.60
2022 483.00 Analyst x1 349.83
2023 446.87 Est @ -7.48% 290.67
2024 427.13 Est @ -4.42% 249.50
2025 417.42 Est @ -2.27% 218.97
2026 414.20 Est @ -0.77% 195.13
2027 415.35 Est @ 0.28% 175.73
2028 419.56 Est @ 1.01% 159.41
2029 425.97 Est @ 1.53% 145.35
Present value of next 10 years cash flows $2,637.39
NYSE:ALV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $425.97 × (1 + 2.73%) ÷ (11.35% – 2.73%)
$5,075.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,075.65 ÷ (1 + 11.35%)10
$1,731.92
NYSE:ALV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,637.39 + $1,731.92
$4,369.31
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,369.31 / 87.23
$50.09
NYSE:ALV Discount to Share Price
Calculation Result
Value per share (USD) From above. $50.09
Current discount Discount to share price of $65.83
= -1 x ($65.83 - $50.09) / $50.09
-31.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Autoliv is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Autoliv's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Autoliv's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ALV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $2.81
NYSE:ALV Share Price ** NYSE (2019-08-16) in USD $65.83
United States of America Auto Components Industry PE Ratio Median Figure of 23 Publicly-Listed Auto Components Companies 15.44x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Autoliv.

NYSE:ALV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ALV Share Price ÷ EPS (both in USD)

= 65.83 ÷ 2.81

23.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autoliv is overvalued based on earnings compared to the US Auto Components industry average.
  • Autoliv is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Autoliv's expected growth come at a high price?
Raw Data
NYSE:ALV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
19%per year
United States of America Auto Components Industry PEG Ratio Median Figure of 20 Publicly-Listed Auto Components Companies 0.76x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NYSE:ALV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.42x ÷ 19%

1.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autoliv is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Autoliv's assets?
Raw Data
NYSE:ALV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $23.21
NYSE:ALV Share Price * NYSE (2019-08-16) in USD $65.83
United States of America Auto Components Industry PB Ratio Median Figure of 40 Publicly-Listed Auto Components Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NYSE:ALV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ALV Share Price ÷ Book Value per Share (both in USD)

= 65.83 ÷ 23.21

2.84x

* Primary Listing of Autoliv.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autoliv is overvalued based on assets compared to the US Auto Components industry average.
X
Value checks
We assess Autoliv'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. Autoliv has a total score of 0/6, 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 Autoliv expected to perform in the next 1 to 3 years based on estimates from 21 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
19%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Autoliv expected to grow at an attractive rate?
  • Autoliv's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Autoliv's earnings growth is expected to exceed the United States of America market average.
  • Autoliv's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ALV Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ALV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 19%
NYSE:ALV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 3.9%
United States of America Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 19.6%
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 7.5%

*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
NYSE:ALV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ALV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 10,199 3
2022-12-31 9,533 659 5
2021-12-31 9,541 1,058 715 13
2020-12-31 9,091 916 615 21
2019-12-31 8,656 693 502 20
NYSE:ALV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 8,555 661 245
2019-03-31 8,611 729 329
2018-12-31 8,678 591 376
2018-09-30 8,644 691 666
2018-06-30 8,564 670 654
2018-03-31 8,336 802 597
2017-12-31 8,137 936 586
2017-09-30 8,582 841 537
2017-06-30 9,091 894 569
2017-03-31 9,685 817 582
2016-12-31 7,922 868 558
2016-09-30 9,989 896 605

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Autoliv's earnings are expected to grow by 19% yearly, however this is not considered high growth (20% yearly).
  • Autoliv's revenue is expected to grow by 3.9% 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
NYSE:ALV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Autoliv Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ALV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 7.55 7.55 7.55 1.00
2021-12-31 8.15 9.24 7.10 3.00
2020-12-31 7.19 8.69 5.71 9.00
2019-12-31 5.86 6.07 5.59 8.00
NYSE:ALV Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 2.81
2019-03-31 3.77
2018-12-31 4.32
2018-09-30 7.65
2018-06-30 7.51
2018-03-31 6.85
2017-12-31 6.70
2017-09-30 6.11
2017-06-30 6.46
2017-03-31 6.59
2016-12-31 6.33
2016-09-30 6.86

*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.
  • Autoliv is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Autoliv'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.
Autoliv 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 Autoliv 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 Autoliv'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.
  • Autoliv's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Autoliv's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Autoliv's 1-year earnings growth is negative, it can't be compared to the US Auto Components industry average.
Earnings and Revenue History
Autoliv'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 Autoliv Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ALV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 8,554.50 245.00 396.80 411.00
2019-03-31 8,611.30 328.60 393.40 411.50
2018-12-31 8,678.20 375.90 391.10 412.60
2018-09-30 8,644.10 665.60 409.70 403.50
2018-06-30 8,563.70 653.80 416.50 394.70
2018-03-31 8,336.10 596.80 421.90 372.90
2017-12-31 8,136.80 586.00 416.10 370.60
2017-09-30 8,581.90 537.00 421.20 445.30
2017-06-30 9,090.60 569.10 440.90 517.70
2017-03-31 9,685.20 581.80 456.20 598.40
2016-12-31 7,921.60 558.40 399.20 357.30
2016-09-30 9,989.30 604.90 454.80 627.30
2016-06-30 9,712.50 566.00 439.60 592.20
2016-03-31 9,425.50 554.30 420.50 556.10
2015-12-31 9,169.60 456.80 408.00 523.80
2015-09-30 9,003.80 419.50 409.90 520.10
2015-06-30 9,027.30 427.10 409.60 525.40
2015-03-31 9,118.80 373.20 413.00 519.90
2014-12-31 9,240.50 467.80 414.90 535.60
2014-09-30 9,238.70 419.30 411.30 522.30
2014-06-30 9,149.70 436.70 404.10 506.80
2014-03-31 8,964.20 492.60 396.50 502.40
2013-12-31 8,803.40 485.80 389.90 489.30
2013-09-30 8,503.40 524.80 377.10 485.10
2013-06-30 8,331.50 518.40 372.10 461.70
2013-03-31 8,222.80 506.10 369.00 458.20
2012-12-31 8,266.70 483.10 366.70 455.40
2012-09-30 8,259.50 502.90 367.50 455.80

*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.
  • Autoliv has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Autoliv used its assets less efficiently than the US Auto Components industry average last year based on Return on Assets.
  • Autoliv has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Autoliv'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.
Autoliv 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 Autoliv'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 Autoliv's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Autoliv is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Autoliv's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Autoliv'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 1.4x 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 Autoliv Company Filings, last reported 1 month ago.

NYSE:ALV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,037.70 2,217.00 406.40
2019-03-31 1,974.00 2,035.70 436.60
2018-12-31 1,896.80 2,229.70 615.80
2018-09-30 2,053.40 2,250.50 533.70
2018-06-30 2,007.60 2,283.60 507.50
2018-03-31 4,342.00 1,409.20 793.90
2017-12-31 4,169.40 1,330.40 959.50
2017-09-30 4,209.40 1,505.00 958.30
2017-06-30 4,112.30 1,512.20 922.50
2017-03-31 4,106.90 1,548.90 1,235.20
2016-12-31 3,926.40 1,543.40 1,226.70
2016-09-30 4,037.00 1,544.80 1,182.60
2016-06-30 3,952.40 1,555.40 1,113.10
2016-03-31 3,865.20 1,528.20 1,161.60
2015-12-31 3,468.10 1,539.00 1,333.50
2015-09-30 3,319.00 1,553.40 1,181.10
2015-06-30 3,341.00 1,599.80 1,323.30
2015-03-31 3,225.60 1,636.80 1,364.10
2014-12-31 3,442.10 1,600.80 1,529.00
2014-09-30 3,675.70 1,771.40 1,846.70
2014-06-30 3,943.40 1,775.10 2,060.20
2014-03-31 3,999.90 638.80 1,096.80
2013-12-31 4,000.40 621.30 1,118.30
2013-09-30 4,032.30 640.10 1,134.70
2013-06-30 3,905.80 624.40 1,042.40
2013-03-31 3,823.00 633.80 990.50
2012-12-31 3,776.10 633.40 977.70
2012-09-30 3,701.60 664.70 908.20
  • Autoliv's level of debt (108.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45% vs 108.8% today).
  • Debt is well covered by operating cash flow (29.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.3x coverage).
X
Financial health checks
We assess Autoliv'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. Autoliv has a total score of 4/6, 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 Autoliv'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
3.77%
Current annual income from Autoliv dividends. Estimated to be 3.79% next year.
If you bought $2,000 of Autoliv shares you are expected to receive $75 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?
  • Autoliv's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Autoliv's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Upcoming dividend payment

Purchase Autoliv before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
NYSE:ALV 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 21 Analyst Estimates (S&P Global) See Below
United States of America Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ALV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.48 1.00
2022-12-31 2.58 3.00
2021-12-31 2.65 8.00
2020-12-31 2.53 14.00
2019-12-31 2.36 14.00
NYSE:ALV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 2.480 3.622
2019-02-19 2.480 3.121
2018-11-08 2.480 3.184
2018-08-15 2.480 2.884
2018-05-08 2.480 2.019
2018-02-14 2.480 1.692
2017-12-12 2.400 1.780
2017-08-14 2.400 1.998
2017-05-09 2.400 2.186
2017-02-21 2.400 2.361
2016-11-03 2.320 2.169
2016-08-15 2.320 2.236
2016-05-10 2.320 2.033
2016-02-16 2.320 2.036
2015-12-18 2.240 2.019
2015-08-03 2.240 1.990
2015-05-05 2.240 1.917
2015-02-17 2.240 1.923
2014-12-09 2.160 2.049
2014-08-04 2.160 2.218
2014-05-06 2.160 2.063
2014-02-19 2.080 2.099
2013-12-17 2.080 2.286
2013-08-13 2.000 2.269
2013-05-07 2.000 2.520
2013-02-19 2.000 2.896
2012-12-18 2.000 3.018
2012-08-16 2.000 3.296
2012-05-08 1.880 3.362
2012-02-21 1.880 2.863
2011-12-20 1.800 2.990
2011-08-16 1.800 3.415
2011-05-10 1.800 2.598
2011-02-22 1.720 2.326
2010-12-16 1.600 2.028
2010-08-17 1.400 2.102
2010-05-06 1.200 2.353
2010-04-28 0.000 0.000
2010-04-27 0.000 0.000
2010-02-19 0.000 0.000
2010-01-29 0.000 0.000
2009-10-21 0.000 0.000
2009-10-20 0.000 0.000
2009-02-18 0.000 0.000
2008-12-16 0.840 4.214
2008-08-19 1.640 6.590

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Autoliv's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Autoliv'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 Autoliv afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Autoliv has a total score of 4/6, 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 Autoliv'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
Mikael Bratt
COMPENSATION $1,756,972
AGE 52
TENURE AS CEO 1.2 years
CEO Bio

Mr. Mikael Bratt has been President and Chief Executive Officer of Autoliv, Inc. since June 29, 2018 and has been its Director since September 20, 2018. Mr. Bratt was the President of Passive Safety at Autoliv, Inc. since May 1, 2016 until 2018. Mr. Bratt served as an Executive Vice President of Group Trucks Operations at AB Volvo (publ) until April 1, 2016 and also served as its Member of the Group Executive Board since 2008 until April 1, 2016. Mr. Bratt served as Chief Financial Officer and Senior Vice President of Volvo AB from February 11, 2008 to 2011. He served as the Group Chief Financial Officer at AB Volvo Penta. He served as Vice President and Head of Corporate Finance of Volvo AB since 2002. He has extensive experience of the Volvo Group's various operations and served management positions in units including Volvo Treasury North America and Volvo Trucks' operations in Brazil. Mr. Bratt served as the Chairman at Volvo Treasury Aktiebolag. Mr. Bratt studied business administration at the University of Gothenburg, Sweden.

CEO Compensation
  • Mikael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mikael'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 Autoliv management team in years:

1.6
Average Tenure
52
Average Age
  • The average tenure for the Autoliv management team is less than 2 years, this suggests a new team.
Management Team

Mikael Bratt

TITLE
President
COMPENSATION
$2M
AGE
52
TENURE
1.2 yrs

Dan Garceau

TITLE
President of Autoliv Americas (AAM)
COMPENSATION
$787K
AGE
51
TENURE
1.6 yrs

Bradley Murray

TITLE
President of Autoliv Asia (AAS)
COMPENSATION
$1M
AGE
60
TENURE
1.6 yrs

Christian Hanke

TITLE
Interim CFO
AGE
50
TENURE
0.5 yrs

Svante Mogefors

TITLE
Executive VP of Quality & Acting Executive VP of Operations
AGE
64
TENURE
0.8 yrs

Jordi Lombarte

TITLE
Chief Technology Officer
AGE
52
TENURE
1.6 yrs

Anders Trapp

TITLE
Vice President of Investor Relations

Erin Patrick

TITLE
Vice President of Compliance
TENURE
7.9 yrs

Anthony Nellis

TITLE
Executive VP of Legal Affairs
AGE
51

Stina Thorman

TITLE
Acting Vice President of Corporate Communications
Board of Directors Tenure

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

4
Average Tenure
65
Average Age
  • The tenure for the Autoliv board of directors is about average.
Board of Directors

Jan Carlson

TITLE
Chairman
COMPENSATION
$3M
AGE
59
TENURE
5.3 yrs

Mikael Bratt

TITLE
President
COMPENSATION
$2M
AGE
52
TENURE
0.9 yrs

Ola Boström

TITLE
VP of Research & Member of Research Advisory Board

Jim Ringler

TITLE
Lead Independent Director
COMPENSATION
$300K
AGE
74
TENURE
2.3 yrs

Dave Kepler

TITLE
Independent Director
COMPENSATION
$260K
AGE
67
TENURE
4.5 yrs

Leif Johansson

TITLE
Independent Director
COMPENSATION
$260K
AGE
68
TENURE
3.5 yrs

Ted Senko

TITLE
Independent Director
COMPENSATION
$225K
AGE
63
TENURE
1.4 yrs

Jan Olsson

TITLE
Member of Research Advisory Board
AGE
65

Xiaozhi Liu

TITLE
Independent Director
COMPENSATION
$240K
AGE
63
TENURE
7.8 yrs

Franz-Josef Kortüm

TITLE
Independent Director
COMPENSATION
$240K
AGE
69
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Sep 18 Sell Jan Carlson Individual 31. Aug 18 31. Aug 18 -42,589 $89.53 $-3,812,993
X
Management checks
We assess Autoliv'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. Autoliv 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

Why It Might Not Make Sense To Buy Autoliv, Inc. (NYSE:ALV) For Its Upcoming Dividend

Autoliv's next dividend payment will be US$0.62 per share, on the back of last year when the company paid a total of US$2.48 to shareholders. … That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. … See our latest analysis for Autoliv Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut.

Simply Wall St -

Evaluating Autoliv, Inc.’s (NYSE:ALV) Investments In Its Business

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Autoliv: 0.18 = US$773m ÷ (US$6.8b - US$2.4b) (Based on the trailing twelve months to June 2019.) So, Autoliv has an ROCE of 18%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … What We Can Learn From Autoliv's ROCE With a decent ROCE, the company could be interesting, but remember that the level of current liabilities make the ROCE look better.

Simply Wall St -

Should Autoliv, Inc. (NYSE:ALV) Focus On Improving This Fundamental Metric?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Autoliv: 12% = US$245m ÷ US$2.0b (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Autoliv, Inc. (NYSE:ALV): What We Can Expect From This Growth Stock

Based on Autoliv, Inc.'s (NYSE:ALV) earnings update in March 2019, analyst consensus outlook appear vastly optimistic, with earnings expected to grow by a high double-digit of 83% in the upcoming year, relative to the past 5-year average growth rate of 4.2%. … See our latest analysis for Autoliv What can we expect from Autoliv in the longer term? … NYSE:ALV Past and Future Earnings, July 17th 2019 From the current net income level of US$376m and the final forecast of US$871m by 2022, the annual rate of growth for ALV’s earnings is 15%.

Simply Wall St -

Is Now The Time To Look At Buying Autoliv, Inc. (NYSE:ALV)?

Great news for investors – Autoliv is still trading at a fairly cheap price. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … Its buoyant future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy ALV.

Simply Wall St -

Are Investors Undervaluing Autoliv, Inc. (NYSE:ALV) By 45%?

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $401.92 $530.93 $614.60 $741.00 $843.86 $932.77 $1.01k $1.08k $1.13k $1.19k Growth Rate Estimate Source Analyst x11 Analyst x16 Analyst x5 Analyst x1 Est @ 13.88% Est @ 10.54% Est @ 8.19% Est @ 6.56% Est @ 5.41% Est @ 4.6% Present Value ($, Millions) Discounted @ 10.48% $363.79 $434.98 $455.76 $497.37 $512.68 $512.94 $502.33 $484.48 $462.24 $437.65 Present Value of 10-year Cash Flow (PVCF)= $4.66b "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. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 10.5%. … NYSE:ALV Intrinsic value, May 27th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Why We Like Autoliv, Inc.’s (NYSE:ALV) 20% Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Did Autoliv, Inc. (NYSE:ALV) Insiders Sell Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Autoliv, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In the last twelve months, the biggest single sale by an insider was when the Chairman, Jan Carlson, sold US$3.8m worth of shares at a price of US$89.53 per share.

Simply Wall St -

Something To Consider Before Buying Autoliv, Inc. (NYSE:ALV) For The 3.0% Dividend

(NYSE:ALV) be an attractive dividend share to own for the long haul? … On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … Investors might not know much about Autoliv's dividend prospects, even though it has been paying dividends for the last nine years and offers a 3.0% yield.

Simply Wall St -

Autoliv, Inc. (NYSE:ALV): What Are The Future Prospects?

Based on Autoliv, Inc.'s (NYSE:ALV) earnings update in December 2018, … it seems that analyst forecasts are substantially optimistic, … with earnings expected to grow by a high double-digit of 65% in the upcoming year,

Simply Wall St -

Company Info

Description

Autoliv, Inc., through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats. It operates in Europe and the Americas; and China, Japan, and rest of Asia. The company primarily serves car manufacturers. Autoliv, Inc. was founded in 1953 and is headquartered in Stockholm, Sweden.

Details
Name: Autoliv, Inc.
ALV
Exchange: NYSE
Founded: 1953
$5,742,587,032
87,233,587
Website: http://www.autoliv.com
Address: Autoliv, Inc.
World Trade Center,
Klarabergsviadukten 70,
Stockholm,
Stockholm County, 111 64,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ALV Common Shares New York Stock Exchange US USD 28. Apr 1997
DB LIV Common Shares Deutsche Boerse AG DE EUR 28. Apr 1997
LSE 0HJH Common Shares London Stock Exchange GB USD 28. Apr 1997
OM ALIV SDB SHS OMX Nordic Exchange Stockholm SE SEK 08. Aug 1994
DB LIVS SHS Deutsche Boerse AG DE EUR 08. Aug 1994
LSE 0MI0 SHS London Stock Exchange GB SEK 08. Aug 1994
BATS-CHIXE ALIVS SHS BATS 'Chi-X Europe' GB SEK 08. Aug 1994
Number of employees
Current staff
Staff numbers
59,130
Autoliv employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 23:32
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/07/19
Last earnings reported: 2019/06/30
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.