Aptiv
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Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. The last earnings update was 54 days ago. More info.
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APTV Share Price and Events
7 Day Returns
1 Year Returns
APTV Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Aptiv (APTV) | 2% | 15.5% | 0.8% | -17.5% | 29% | 12.2% |
| US Auto Components | 3.3% | 10.6% | 1% | -28.7% | 8.1% | -10.1% |
| US Market | 2% | 4.1% | 4.2% | 4.3% | 43.9% | 40.8% |
1 Year Return vs Industry and Market
- APTV outperformed the Auto Components industry which returned -28.7% over the past year.
- APTV underperformed the Market in United States of America which returned 4.3% over the past year.
APTV Value
Is Aptiv 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
Aptiv
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 Aptiv.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 25 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 12.1% |
| 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 | 7.1% |
| Auto Components Unlevered Beta | Simply Wall St/ S&P Global | 1.21 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.206 (1 + (1- 12.5%) (24.66%)) |
1.312 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.31 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.312 * 7.14%) |
12.1% |
Discounted Cash Flow Calculation for NYSE:APTV using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Aptiv 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 (@ 12.1%) |
|
|---|---|---|---|
| 2019 | 952.96 | Analyst x9 | 850.09 |
| 2020 | 1,177.01 | Analyst x11 | 936.63 |
| 2021 | 1,360.50 | Analyst x2 | 965.78 |
| 2022 | 1,567.00 | Analyst x1 | 992.30 |
| 2023 | 1,734.68 | Est @ 10.7% | 979.92 |
| 2024 | 1,878.83 | Est @ 8.31% | 946.78 |
| 2025 | 2,003.50 | Est @ 6.64% | 900.63 |
| 2026 | 2,112.97 | Est @ 5.46% | 847.31 |
| 2027 | 2,211.10 | Est @ 4.64% | 790.95 |
| 2028 | 2,301.08 | Est @ 4.07% | 734.29 |
| Present value of next 10 years cash flows | $8,944.69 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $2,301.08 × (1 + 2.73%) ÷ (12.1% – 2.73%) |
$25,227.92 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $25,227.92 ÷ (1 + 12.1%)10 |
$8,050.42 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $8,944.69 + $8,050.42 |
$16,995.11 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $16,995.11 / 257.84 |
$65.91 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $65.91 |
| Current discount | Discount to share price of
$78.31
= -1 x ($78.31 - $65.91) / $65.91 |
-18.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Aptiv is above its future cash flow value.
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 Aptiv's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Aptiv'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 | $3.81 |
| NYSE:APTV Share Price ** | NYSE (2019-06-24) in USD | $78.31 |
| United States of America Auto Components Industry PE Ratio | Median Figure of 24 Publicly-Listed Auto Components Companies | 15.58x |
| United States of America Market PE Ratio | Median Figure of 3,095 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Aptiv.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:APTV Share Price ÷ EPS (both in USD) = 78.31 ÷ 3.81 |
20.58x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Aptiv is overvalued based on earnings compared to the US Auto Components industry average.
- Aptiv is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Aptiv's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 20.58x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts |
13.9%per year |
| United States of America Auto Components Industry PEG Ratio | Median Figure of 22 Publicly-Listed Auto Components Companies | 1.09x |
| United States of America Market PEG Ratio | Median Figure of 2,134 Publicly-Listed Companies | 1.54x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 20.58x ÷ 13.9% |
1.48x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Aptiv is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Aptiv's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $13.26 |
| NYSE:APTV Share Price * | NYSE (2019-06-24) in USD | $78.31 |
| United States of America Auto Components Industry PB Ratio | Median Figure of 40 Publicly-Listed Auto Components Companies | 1.28x |
| United States of America Market PB Ratio | Median Figure of 5,255 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:APTV Share Price ÷ Book Value per Share (both in USD) = 78.31 ÷ 13.26 |
5.91x |
* Primary Listing of Aptiv.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Aptiv is overvalued based on assets compared to the US Auto Components industry average.
Value checks
We assess Aptiv'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) Aptiv 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.
APTV Future Performance
How is Aptiv expected to perform in the next 1 to 3 years based on estimates from 25 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
- Aptiv's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Aptiv's earnings growth is positive but not above the United States of America market average.
- Aptiv'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) |
|---|---|---|
| NYSE:APTV Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts | 13.9% |
| NYSE:APTV Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 25 Analysts | 7.2% |
| United States of America Auto Components Industry Earnings Growth Rate | Market Cap Weighted Average | 17.5% |
| United States of America Auto Components Industry Revenue Growth Rate | Market Cap Weighted Average | 5.7% |
| 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 (2 months ago) | See Below |
| Future Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 20,018 | 2,057 | 2 | |
| 2022-12-31 | 18,242 | 2,409 | 1,802 | 8 |
| 2021-12-31 | 17,012 | 2,143 | 1,584 | 15 |
| 2020-12-31 | 15,687 | 1,965 | 1,423 | 25 |
| 2019-12-31 | 14,740 | 1,688 | 1,172 | 25 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 14,380 | 1,557 | 1,000 |
| 2018-12-31 | 14,435 | 1,628 | 1,067 |
| 2018-09-30 | 14,239 | 1,299 | 1,021 |
| 2018-06-30 | 13,902 | 1,279 | 1,087 |
| 2018-03-31 | 13,371 | 1,333 | 1,085 |
| 2017-12-31 | 12,884 | 1,468 | 990 |
| 2017-09-30 | 9,370 | 1,723 | 720 |
| 2017-06-30 | 10,313 | 1,987 | 725 |
| 2017-03-31 | 11,366 | 1,963 | 694 |
| 2016-12-31 | 12,274 | 1,941 | 799 |
| 2016-09-30 | 16,227 | 1,953 | 1,063 |
| 2016-06-30 | 15,767 | 1,877 | 1,120 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
All data from Aptiv Company Filings, last reported 2 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 |
|---|---|---|---|---|
| 2023-12-31 | 8.62 | 8.62 | 8.62 | 1.00 |
| 2022-12-31 | 7.25 | 7.93 | 6.55 | 5.00 |
| 2021-12-31 | 6.28 | 7.13 | 5.86 | 7.00 |
| 2020-12-31 | 5.63 | 6.34 | 5.10 | 16.00 |
| 2019-12-31 | 4.60 | 5.42 | 4.24 | 13.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.81 |
| 2018-12-31 | 4.04 |
| 2018-09-30 | 3.85 |
| 2018-06-30 | 4.09 |
| 2018-03-31 | 4.07 |
| 2017-12-31 | 3.71 |
| 2017-09-30 | 2.68 |
| 2017-06-30 | 2.69 |
| 2017-03-31 | 2.56 |
| 2016-12-31 | 2.93 |
| 2016-09-30 | 3.86 |
| 2016-06-30 | 4.03 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Aptiv'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)
Aptiv has a total score of 2/6, 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.
APTV Past Performance
How has Aptiv 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
- Aptiv's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Aptiv's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Aptiv's 1-year earnings growth is negative, it can't be compared to the US Auto Components industry average.
Earnings and Revenue History
All data from Aptiv Company Filings, last reported 2 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 | 14,380.00 | 1,000.00 | 1,007.00 | |
| 2018-12-31 | 14,435.00 | 1,067.00 | 1,011.00 | |
| 2018-09-30 | 14,239.00 | 1,021.00 | 1,002.00 | |
| 2018-06-30 | 13,902.00 | 1,087.00 | 1,016.00 | |
| 2018-03-31 | 13,371.00 | 1,085.00 | 1,020.00 | |
| 2017-12-31 | 12,884.00 | 990.00 | 984.00 | |
| 2017-09-30 | 9,370.00 | 720.00 | 791.00 | |
| 2017-06-30 | 10,313.00 | 725.00 | 837.00 | |
| 2017-03-31 | 11,366.00 | 694.00 | 891.00 | |
| 2016-12-31 | 12,274.00 | 799.00 | 942.00 | |
| 2016-09-30 | 16,227.00 | 1,063.00 | 1,094.00 | |
| 2016-06-30 | 15,767.00 | 1,120.00 | 1,062.00 | |
| 2016-03-31 | 15,419.00 | 1,209.00 | 1,042.00 | |
| 2015-12-31 | 10,864.00 | 767.00 | 829.00 | |
| 2015-09-30 | 15,064.00 | 1,319.00 | 1,033.00 | |
| 2015-06-30 | 15,195.00 | 1,262.00 | 1,042.00 | |
| 2015-03-31 | 15,399.00 | 1,270.00 | 1,041.00 | |
| 2014-12-31 | 15,499.00 | 1,291.00 | 1,034.00 | |
| 2014-09-30 | 15,903.00 | 1,251.00 | 1,030.00 | |
| 2014-06-30 | 16,158.00 | 1,229.00 | 1,000.00 | |
| 2014-03-31 | 16,336.00 | 1,241.00 | 981.00 | |
| 2013-12-31 | 15,051.00 | 1,152.00 | 916.00 | |
| 2013-09-30 | 16,048.00 | 1,050.00 | 953.00 | |
| 2013-06-30 | 15,694.00 | 1,048.00 | 940.00 | |
| 2013-03-31 | 15,451.00 | 1,011.00 | 929.00 | |
| 2012-12-31 | 15,519.00 | 1,077.00 | 927.00 | |
| 2012-09-30 | 15,652.00 | 1,231.00 | 907.00 | |
| 2012-06-30 | 15,920.00 | 1,228.00 | 914.00 |
*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.
- Whilst Aptiv has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
- Aptiv used its assets more efficiently than the US Auto Components industry average last year based on Return on Assets.
- Aptiv's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Aptiv'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)
Aptiv has a total score of 1/6, 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.
APTV Health
How is Aptiv'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 Aptiv's finances.
The net worth of a company is the difference between its assets and liabilities.
- Aptiv is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Aptiv's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.1x 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 Aptiv Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 3,635.00 | 4,519.00 | 321.00 |
| 2018-12-31 | 3,670.00 | 4,344.00 | 567.00 |
| 2018-09-30 | 3,809.00 | 4,108.00 | 771.00 |
| 2018-06-30 | 3,758.00 | 4,089.00 | 970.00 |
| 2018-03-31 | 3,698.00 | 4,223.00 | 1,345.00 |
| 2017-12-31 | 3,517.00 | 4,149.00 | 1,596.00 |
| 2017-09-30 | 3,614.00 | 4,899.00 | 557.00 |
| 2017-06-30 | 3,285.00 | 4,072.00 | 792.00 |
| 2017-03-31 | 2,949.00 | 3,999.00 | 547.00 |
| 2016-12-31 | 2,763.00 | 3,963.00 | 737.00 |
| 2016-09-30 | 2,921.00 | 4,074.00 | 395.00 |
| 2016-06-30 | 2,770.00 | 4,066.00 | 437.00 |
| 2016-03-31 | 2,644.00 | 4,353.00 | 463.00 |
| 2015-12-31 | 2,733.00 | 4,008.00 | 535.00 |
| 2015-09-30 | 2,774.00 | 3,122.00 | 434.00 |
| 2015-06-30 | 3,021.00 | 2,736.00 | 1,171.00 |
| 2015-03-31 | 2,663.00 | 2,717.00 | 558.00 |
| 2014-12-31 | 3,013.00 | 2,426.00 | 859.00 |
| 2014-09-30 | 3,379.00 | 2,454.00 | 1,026.00 |
| 2014-06-30 | 3,684.00 | 2,452.00 | 1,166.00 |
| 2014-03-31 | 3,494.00 | 2,449.00 | 978.00 |
| 2013-12-31 | 3,434.00 | 2,412.00 | 1,389.00 |
| 2013-09-30 | 3,223.00 | 2,418.00 | 1,053.00 |
| 2013-06-30 | 3,042.00 | 2,426.00 | 1,001.00 |
| 2013-03-31 | 2,897.00 | 2,478.00 | 830.00 |
| 2012-12-31 | 2,830.00 | 2,464.00 | 1,105.00 |
| 2012-09-30 | 2,870.00 | 2,090.00 | 1,634.00 |
| 2012-06-30 | 2,663.00 | 2,064.00 | 1,523.00 |
- Aptiv's level of debt (124.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (70.1% vs 124.8% today).
- Debt is well covered by operating cash flow (34.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 12.1x coverage).
Financial health checks
We assess Aptiv'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) Aptiv has a total score of 3/6, 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.
APTV Dividends
What is Aptiv'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
Aptiv
shares you are expected to receive
$22
in your first year as a dividend.
Dividend Amount
- Aptiv's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Aptiv's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
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 25 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 2012 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 |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 1.04 | 2.00 |
| 2021-12-31 | 1.03 | 9.00 |
| 2020-12-31 | 0.99 | 17.00 |
| 2019-12-31 | 0.90 | 17.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-25 | 0.880 | 1.171 |
| 2019-01-24 | 0.880 | 1.077 |
| 2018-10-25 | 0.880 | 1.265 |
| 2018-07-25 | 0.880 | 1.024 |
| 2018-04-26 | 0.880 | 0.921 |
| 2017-12-07 | 0.880 | 0.993 |
| 2017-10-26 | 1.160 | 1.184 |
| 2017-07-27 | 1.160 | 1.202 |
| 2017-01-26 | 1.160 | 1.422 |
| 2016-07-28 | 1.160 | 1.710 |
| 2016-04-28 | 1.160 | 1.725 |
| 2016-01-12 | 1.160 | 1.683 |
| 2015-10-22 | 1.000 | 1.195 |
| 2015-07-23 | 1.000 | 1.302 |
| 2015-04-23 | 1.000 | 1.181 |
| 2015-01-29 | 1.000 | 1.265 |
| 2014-10-30 | 1.000 | 1.414 |
| 2014-07-24 | 1.000 | 1.501 |
| 2014-04-03 | 1.000 | 1.469 |
| 2014-01-14 | 1.000 | 1.549 |
| 2013-10-30 | 0.680 | 1.169 |
| 2013-07-25 | 0.680 | 1.200 |
| 2013-04-29 | 0.680 | 1.362 |
| 2013-02-26 | 0.680 | 1.579 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Aptiv has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Aptiv only paid a dividend in the past 6 years.
Income/ dividend checks
We assess Aptiv'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 Aptiv afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Aptiv has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
APTV Management
CEO
| COMPENSATION | $14,123,103 |
| AGE | 56 |
| TENURE AS CEO | 4.3 years |
CEO Bio
Mr. Kevin P. Clark has been the Chief Executive Officer and President of Aptiv PLC (Formerly, Delphi Automotive PLC) since March 1, 2015. Mr. Clark served as the Chief Operating Officer of Delphi Automotive PLC from October 2014 to March 1, 2015 and its Executive Vice President from February 2013 to October 2014. Mr. Clark served as Chief Financial Officer of Delphi Automotive PLC from July 12, 2010 to October 1, 2014, its Senior Vice President from February 2012 to February 2013 and also served as its Vice President from July 2010 to February 2012. Mr. Clark was a Founding Partner of Liberty Lane Partners LLC. He served as the Managing Director of Liberty Lane Partners LLC since its inception in 2007. Mr. Clark served as the Chief Financial Officer of Fisher Scientific International Inc. from March 2001 to 2006, Vice President since September 1997 and also served as its Principal Accounting Officer, Corporate Controller and Treasurer. Mr. Clark served as the Principal Financial and Accounting Officer of Liberty Lane Acquisition Corp. and also served as its Vice President, Treasurer and Secretary since March 7, 2008. He held several treasury management positions at Federal Mogul Corporation. He began his career in the financial organization of Chrysler Corporation. He has been a Director of Aptiv PLC since March 1, 2015. Mr. Clark holds a Bachelor's Degree in Financial Administration from Michigan State University in 1984 and an Master's Degree in Finance in 1986.
CEO Compensation
- Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.
- Kevin's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Aptiv management team in years:
- The tenure for the Aptiv management team is about average.
Management Team
Kevin Clark
President
$14M
56
4.3 yrs
Joe Massaro
Senior VP & CFO
$5M
48
3.3 yrs
David Sherbin
Senior VP
$3M
59
13.7 yrs
David Paja
Senior VP & President of Advanced Safety and User Experience
$3M
48
Bill Guggina
Vice President of Global Operations
4.9 yrs
Allan Brazier
VP & Chief Accounting Officer
51
8.3 yrs
Glen De Vos
Senior VP
57
2.3 yrs
Matt Peterson
Senior VP & Chief Information Officer
53
4.3 yrs
Elena Rosman
Vice President of Investor Relations
3.4 yrs
Michael Gassen
Senior VP of Sales and President of Europe
60
Board of Directors Tenure
Average tenure and age of the Aptiv board of directors in years:
- The tenure for the Aptiv board of directors is about average.
Board of Directors
Raj Gupta
Chairman of the Board
$500K
73
4.3 yrs
Kevin Clark
President
$14M
56
4.3 yrs
Larry Zimmerman
Independent Director
$305K
75
9.6 yrs
Nick Donofrio
Independent Director
$280K
72
9.5 yrs
Nancy Cooper
Director
$252K
64
1.3 yrs
Sean Mahoney
Independent Director
$265K
55
9.6 yrs
Hamid Malaye
Member of Technology Advisory Council
57
Jens Hadler
Member of Technology Advisory Council
Magnus Jonsson
Member of Technology Advisory Council
62
Ma Jun
Member of Technology Advisory Council
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11. Dec 18 | Buy | Kevin Clark | Individual | 11. Dec 18 | 11. Dec 18 | 11,310 | $67.43 | $762,645 | ||
| 24. Aug 18 | Buy | Frank Dellaquila | Individual | 23. Aug 18 | 23. Aug 18 | 750 | $89.00 | $66,750 | ||
| 23. Aug 18 | Sell | Susan Suver | Individual | 21. Aug 18 | 21. Aug 18 | -1,174 | $95.00 | $-111,530 | ||
Management checks
We assess Aptiv'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) Aptiv 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.
APTV News
Simply Wall St News
Was Aptiv PLC's (NYSE:APTV) Earnings Decline Part Of A Broader Industry Downturn?
Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -6.6%, indicating the rate at which APTV is growing has slowed down. … Generally companies that endure a prolonged period of decline in earnings are undergoing some sort of reinvestment phase Although, if the entire industry is struggling to grow over time, it may be a indicator of a structural shift, which makes Aptiv and its peers a riskier investment. … I recommend you continue to research Aptiv to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for APTV’s future growth?
Simply Wall St - – Full articleShould Aptiv PLC's (NYSE:APTV) Recent Earnings Decline Worry You?
After reading Aptiv PLC's (NYSE:APTV) most recent earnings announcement (31 March 2019), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … See our latest analysis for Aptiv How Did APTV's Recent Performance Stack Up Against Its Past? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -6.6%, indicating the rate at which APTV is growing has slowed down.
Simply Wall St - – Full articleWhat Do Analysts Think About Aptiv PLC's (NYSE:APTV) Growth?
After Aptiv PLC's (NYSE:APTV) earnings announcement in March 2019, analysts seem cautiously optimistic, with profits predicted to increase by 24% next year against the past 5-year average growth rate of -6.6%. … To understand the overall trajectory of APTV's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … NYSE:APTV Past and Future Earnings, June 13th 2019 From the current net income level of US$1.1b and the final forecast of US$1.7b by 2022, the annual rate of growth for APTV’s earnings is 14%.
Simply Wall St - – Full articleAre Investors Undervaluing Aptiv PLC (NYSE:APTV) By 27%?
Today we will run through one way of estimating the intrinsic value of Aptiv PLC (NYSE:APTV) by projecting its future cash flows and then discounting them to today's value. … We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $952.23 $1.17k $1.49k $1.89k $2.21k $2.49k $2.73k $2.94k $3.12k $3.28k Growth Rate Estimate Source Analyst x9 Analyst x11 Analyst x2 Analyst x1 Est @ 16.81% Est @ 12.59% Est @ 9.63% Est @ 7.56% Est @ 6.11% Est @ 5.1% Present Value ($, Millions) Discounted @ 11.72% $852.32 $936.74 $1.07k $1.22k $1.27k $1.28k $1.26k $1.21k $1.15k $1.08k Present Value of 10-year Cash Flow (PVCF)= $11.32b "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 articleHere's What You Should Know About Aptiv PLC's (NYSE:APTV) 1.3% Dividend Yield
Could Aptiv PLC (NYSE:APTV) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. 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 Aptiv's dividend prospects, even though it has been paying dividends for the last six years and offers a 1.3% yield. A low yield is generally a turn-off, but if the prospects for earnings growth were strong, investors might be pleasantly surprised by the long-term results. The company also bought back stock during the year, equivalent to approximately 3.5% of the company's market capitalisation at the time. When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable. Click the interactive chart for our full dividend analysis NYSE:APTV Historical Dividend Yield, May 27th 2019 Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. Aptiv paid out 23% of its profit as dividends, over the trailing twelve month period. We like this low payout ratio, because it implies the dividend is well covered and leaves ample opportunity for reinvestment. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. Aptiv's cash payout ratio in the last year was 32%, which suggests dividends were well covered by cash generated by the business. It's positive to see that Aptiv's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. Is Aptiv's Balance Sheet Risky? As Aptiv has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Modest dividend growth is good to see, especially with the payments being relatively stable. … Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Over the long term, dividends need to grow at or above the rate of inflation, in order to maintain the recipient's purchasing power. Aptiv's EPS are effectively flat over the past five years. Over the long term, steady earnings per share is a risk as the value of the dividends can be reduced by inflation. Growth has been hard to come by. However, at least the payout ratio is conservative, and there is plenty of potential to increase this over time. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.
Simply Wall St - – Full articleHave Investors Priced In Aptiv PLC's (NYSE:APTV) Growth?
Is APTV's share price justified by its earnings growth? … Aptiv is available at price-to-earnings ratio of 19.72x, showing us it is overvalued based on current earnings compared to the Auto Components industry average of 15.55x , and overvalued compared to the US market average ratio of 17.89x. … NYSE:APTV Price Estimation Relative to Market, May 18th 2019 We understand APTV seems to be overvalued based on its current earnings, compared to its industry peers.
Simply Wall St - – Full articleDoes Aptiv PLC's (NYSE:APTV) CEO Pay Matter?
This analysis aims first to contrast CEO compensation with other large companies. … At the time of writing our data says that Aptiv PLC has a market cap of US$21b, and is paying total annual CEO compensation of US$14m. … We looked at a group of companies with market capitalizations over US$8.0b and the median CEO total compensation was US$11m.
Simply Wall St - – Full articleHow Many Aptiv PLC (NYSE:APTV) Shares Have Insiders Sold, In The Last Year?
As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … So we know that an insider sold shares at around the present share price of US$85.84 … While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price
Simply Wall St - – Full articleIs Aptiv PLC (NYSE:APTV) Investing Effectively In Its Business?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
Simply Wall St - – Full articleWhat does Aptiv PLC's (NYSE:APTV) Balance Sheet Tell Us About Its Future?
Aptiv PLC (NYSE:APTV), a large-cap worth US$21b, comes to mind for investors seeking a strong and reliable stock investment. … Big corporations are much sought after by risk-averse investors who find diversified revenue streams and strong capital returns attractive. … I will provide an overview of Aptiv’s financial liquidity and leverage to give you an idea of Aptiv’s position to take advantage of potential acquisitions or comfortably endure future downturns.
Simply Wall St - – Full articleAPTV Company Info
Description
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle’s electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management, electrical centers, and hybrid high voltage and safety distribution systems. The Advanced Safety and User Experience segment provides critical components, systems, and software development for passenger safety, security, comfort, and vehicle operation, such as body controls, infotainment and connectivity systems, active and passive safety electronics, autonomous driving software and technologies, and systems integration. The company was formerly known as Delphi Automotive PLC and changed its name to Aptiv PLC in December 2017. Aptiv PLC is based in Dublin, Ireland.
Details
| Name: | Aptiv PLC |
| APTV | |
| Exchange: | NYSE |
| Founded: | |
| $20,191,086,650 | |
| 257,835,355 | |
| Website: | http://www.aptiv.com |
| Address: |
Aptiv PLC 5 Hanover Quay, Grand Canal Dock, Dublin, Co. Dublin, 2, Ireland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | APTV | Ordinary shares | New York Stock Exchange | US | USD | 17. Nov 2011 | |
| DB | D7A | Ordinary shares | Deutsche Boerse AG | DE | EUR | 17. Nov 2011 | |
| LSE | 0YCP | Ordinary shares | London Stock Exchange | GB | USD | 17. Nov 2011 | |
| BMV | APTV N | Ordinary shares | Bolsa Mexicana de Valores | MX | MXN | 17. Nov 2011 | |
| BOVESPA | APTV34 | BDR EACH REP 0.5 COM USD0.01 | Bolsa de Valores de Sao Paulo | BR | BRL | 17. May 2019 |
Number of employees
Current staff
Industry
| Auto Parts and Equipment | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/25 00:23 |
| End of day share price update: | 2019/06/24 00:00 |
| Last estimates confirmation: | 2019/06/17 |
| Last earnings filing: | 2019/05/02 |
| 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.
