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Aptiv

NYSE:APTV
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APTV
NYSE
$19B
Market Cap
  1. Home
  2. US
  3. Automobiles
Company 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. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • Aptiv has significant price volatility in the past 3 months.
APTV Share Price and Events
7 Day Returns
-3.5%
NYSE:APTV
-1.6%
US Auto Components
1.6%
US Market
1 Year Returns
-26.1%
NYSE:APTV
-33.8%
US Auto Components
2.6%
US Market
APTV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aptiv (APTV) -3.5% -19.3% -10.8% -26.1% 6.4% 4.2%
US Auto Components -1.6% -18.6% -13.5% -33.8% -3.2% -12.5%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • APTV outperformed the Auto Components industry which returned -33.8% over the past year.
  • APTV underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
APTV
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data

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

NYSE:APTV Discounted Cash Flow Data Sources
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 11.8%
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:APTV
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 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.131 (1 + (1- 12.5%) (26.69%))
1.265
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.265 * 7.14%)
11.76%

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.

NYSE:APTV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.76%)
2019 957.01 Analyst x10 856.32
2020 1,172.41 Analyst x11 938.68
2021 1,511.00 Analyst x2 1,082.48
2022 1,936.00 Analyst x1 1,241.02
2023 2,270.19 Est @ 17.26% 1,302.13
2024 2,563.10 Est @ 12.9% 1,315.45
2025 2,815.58 Est @ 9.85% 1,292.99
2026 3,032.79 Est @ 7.71% 1,246.20
2027 3,221.40 Est @ 6.22% 1,184.43
2028 3,388.03 Est @ 5.17% 1,114.63
Present value of next 10 years cash flows $11,574.33
NYSE:APTV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $3,388.03 × (1 + 2.73%) ÷ (11.76% – 2.73%)
$38,549.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $38,549.11 ÷ (1 + 11.76%)10
$12,682.28
NYSE:APTV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $11,574.33 + $12,682.28
$24,256.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $24,256.61 / 257.84
$94.08
NYSE:APTV Discount to Share Price
Calculation Result
Value per share (USD) From above. $94.08
Current discount Discount to share price of $72.38
= -1 x ($72.38 - $94.08) / $94.08
23.1%

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

Current Discount
Amount off the current price Aptiv is available for.
Intrinsic value
23%
Share price is $72.38 vs Future cash flow value of $94.08
Current Discount Checks
For Aptiv to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aptiv's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aptiv'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 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?
Raw Data
NYSE:APTV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.81
NYSE:APTV Share Price ** NYSE (2019-05-21) in USD $72.38
United States of America Auto Components Industry PE Ratio Median Figure of 25 Publicly-Listed Auto Components Companies 15.61x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

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

** Primary Listing of Aptiv.

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

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

= 72.38 ÷ 3.81

19.02x

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?
Raw Data
NYSE:APTV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts
14.3%per year
United States of America Auto Components Industry PEG Ratio Median Figure of 21 Publicly-Listed Auto Components Companies 0.93x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.02x ÷ 14.3%

1.33x

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?
Raw Data
NYSE:APTV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $13.26
NYSE:APTV Share Price * NYSE (2019-05-21) in USD $72.38
United States of America Auto Components Industry PB Ratio Median Figure of 40 Publicly-Listed Auto Components Companies 1.29x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NYSE:APTV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 72.38 ÷ 13.26

5.46x

* 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.
X
Value checks
We assess Aptiv'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. Aptiv has a total score of 1/6, 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!
Annual Growth Rate
14.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aptiv expected to grow at an attractive rate?
  • 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 expected to exceed 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
Raw Data
NYSE:APTV Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:APTV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts 14.3%
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 17.2%
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 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:APTV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 25 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:APTV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 20,018 2,057 2
2022-12-31 18,415 2,574 1,866 6
2021-12-31 16,986 2,208 1,622 15
2020-12-31 15,718 1,975 1,443 25
2019-12-31 14,753 1,696 1,197 25
NYSE:APTV Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Aptiv's earnings are expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).
  • Aptiv's revenue is expected to grow by 7.2% 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:APTV 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 25 Analyst Estimates (S&P Global) See Below

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

NYSE:APTV Future Estimates Data
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 7.50 8.29 6.50 5.00
2021-12-31 6.43 7.14 5.86 7.00
2020-12-31 5.69 6.18 5.30 16.00
2019-12-31 4.67 5.14 4.30 16.00
NYSE:APTV Past Financials Data
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.

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.
  • Aptiv is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Aptiv'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.
Aptiv 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.

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
Below we compare Aptiv'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.
  • 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
Aptiv'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 Aptiv Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:APTV 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 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).
X
Past performance checks
We assess Aptiv'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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Aptiv'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 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.
Raw Data

All data from Aptiv Company Filings, last reported 1 month ago.

NYSE:APTV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,635.00 4,980.00 321.00
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 (137%) 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 137% today).
  • Debt is well covered by operating cash flow (31.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.1x coverage).
X
Financial health checks
We assess Aptiv'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. Aptiv has a total score of 3/6, 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.

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
Dividend payments
1.22%
Current annual income from Aptiv dividends. Estimated to be 1.34% next year.
If you bought $2,000 of Aptiv shares you are expected to receive $24 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?
  • Aptiv's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Aptiv's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
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:APTV 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 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 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 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 3.7%

Industry and Market average data is calculated daily.

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

NYSE:APTV Future Dividends Estimate Data
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
NYSE:APTV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.880 1.121
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.
Current Payout to shareholders
What portion of Aptiv's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.6x coverage).
X
Income/ dividend checks
We assess Aptiv'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 Aptiv afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Aptiv'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
Kevin Clark
COMPENSATION $14,123,103
AGE 56
TENURE AS CEO 4.2 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:

4.2
Average Tenure
54.5
Average Age
  • The tenure for the Aptiv management team is about average.
Management Team

Kevin Clark

TITLE
President
COMPENSATION
$14M
AGE
56
TENURE
4.2 yrs

Joe Massaro

TITLE
Senior VP & CFO
COMPENSATION
$5M
AGE
48
TENURE
3.2 yrs

David Sherbin

TITLE
Senior VP
COMPENSATION
$3M
AGE
59
TENURE
13.6 yrs

David Paja

TITLE
Senior VP & President of Advanced Safety and User Experience
COMPENSATION
$3M
AGE
48

Bill Guggina

TITLE
Vice President of Global Operations
TENURE
4.8 yrs

Allan Brazier

TITLE
VP & Chief Accounting Officer
AGE
51
TENURE
8.3 yrs

Glen De Vos

TITLE
Senior VP
AGE
57
TENURE
2.2 yrs

Matt Peterson

TITLE
Senior VP & Chief Information Officer
AGE
53
TENURE
4.3 yrs

Elena Rosman

TITLE
Vice President of Investor Relations
TENURE
3.3 yrs

Michael Gassen

TITLE
Senior VP of Sales and President of Europe
AGE
60
Board of Directors Tenure

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

6.8
Average Tenure
63
Average Age
  • The tenure for the Aptiv board of directors is about average.
Board of Directors

Raj Gupta

TITLE
Chairman of the Board
COMPENSATION
$500K
AGE
73
TENURE
4.2 yrs

Kevin Clark

TITLE
President
COMPENSATION
$14M
AGE
56
TENURE
4.2 yrs

Larry Zimmerman

TITLE
Independent Director
COMPENSATION
$305K
AGE
75
TENURE
9.5 yrs

Nick Donofrio

TITLE
Independent Director
COMPENSATION
$280K
AGE
72
TENURE
9.4 yrs

Nancy Cooper

TITLE
Director
COMPENSATION
$252K
AGE
64
TENURE
1.3 yrs

Sean Mahoney

TITLE
Independent Director
COMPENSATION
$265K
AGE
55
TENURE
9.5 yrs

Hamid Malaye

TITLE
Member of Technology Advisory Council
AGE
57

Jens Hadler

TITLE
Member of Technology Advisory Council

Magnus Jonsson

TITLE
Member of Technology Advisory Council
AGE
62

Ma Jun

TITLE
Member of Technology Advisory Council
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
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
18. Jun 18 Sell Mark Frissora Individual 15. Jun 18 15. Jun 18 -7,826 $102.59 $-802,837
X
Management checks
We assess Aptiv'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. 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

Have 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 -

Does 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 -

How 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 -

Is 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 -

What 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 -

Aptiv PLC (NYSE:APTV): What's The Analyst Consensus Outlook?

Aptiv PLC's (NYSE:APTV) released its most recent earnings update in December 2018, whicha … revealed

Simply Wall St -

Does Aptiv's (NYSE:APTV) Share Price Gain of 22% Match Its Business Performance?

Unfortunately for shareholders, while the Aptiv PLC (NYSE:APTV) share price is up 22% in the last five years, that's less than the market return. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Aptiv achieved compound earnings per share (EPS) growth of 1.7% per year.

Simply Wall St -

Should You Worry About Aptiv PLC's (NYSE:APTV) CEO Pay?

First, this article will compare CEO compensation with compensation at other large companies. … How Does Kevin Clark's Compensation Compare With Similar Sized Companies. … Our data indicates that Aptiv PLC is worth US$21b, and total annual CEO compensation is US$14m.

Simply Wall St -

What Is Aptiv PLC's (NYSE:APTV) Share Price Doing?

The company's stock. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock … However, what if the stock is still a bargain?

Simply Wall St -

Should We Be Delighted With Aptiv PLC's (NYSE:APTV) ROE Of 30%?

Our data shows Aptiv has a return on equity of 30% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.30 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

APTV 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:
$18,662,122,994
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
Staff numbers
143,000
Aptiv employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:29
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/21
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.