company background image
SRI

Stoneridge NYSE:SRI Stock Report

Last Price

US$16.95

Market Cap

US$463.2m

7D

-3.6%

1Y

-18.8%

Updated

01 Oct, 2022

Data

Company Financials +
SRI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health3/6
Dividends0/6

SRI Stock Overview

Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally.

Stoneridge Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Stoneridge
Historical stock prices
Current Share PriceUS$16.95
52 Week HighUS$23.46
52 Week LowUS$13.64
Beta1.27
1 Month Change-11.30%
3 Month Change-2.47%
1 Year Change-18.82%
3 Year Change-43.74%
5 Year Change-20.72%
Change since IPO-15.25%

Recent News & Updates

Shareholder Returns

SRIUS Auto ComponentsUS Market
7D-3.6%-4.2%-2.5%
1Y-18.8%-40.6%-23.2%

Return vs Industry: SRI exceeded the US Auto Components industry which returned -40.6% over the past year.

Return vs Market: SRI exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is SRI's price volatile compared to industry and market?
SRI volatility
SRI Average Weekly Movement7.7%
Auto Components Industry Average Movement7.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: SRI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SRI's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19655,000Jon DeGaynorhttps://www.stoneridge.com

Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. It operates in three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers sensors, switches, actuators, and connectors that monitor, measure, or activate specific functions within a vehicle.

Stoneridge Fundamentals Summary

How do Stoneridge's earnings and revenue compare to its market cap?
SRI fundamental statistics
Market CapUS$463.18m
Earnings (TTM)-US$31.54m
Revenue (TTM)US$827.33m

0.6x

P/S Ratio

-14.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SRI income statement (TTM)
RevenueUS$827.33m
Cost of RevenueUS$668.74m
Gross ProfitUS$158.58m
Other ExpensesUS$190.12m
Earnings-US$31.54m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.15
Gross Margin19.17%
Net Profit Margin-3.81%
Debt/Equity Ratio59.4%

How did SRI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SRI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SRI?

Other financial metrics that can be useful for relative valuation.

SRI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA39.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SRI's PS Ratio compare to its peers?

SRI PS Ratio vs Peers
The above table shows the PS ratio for SRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.4x
HLLY Holley
0.7x7.4%US$478.0m
MOD Modine Manufacturing
0.3x5.5%US$673.0m
GTX Garrett Motion
0.1x8.3%US$366.1m
SMP Standard Motor Products
0.5x2.5%US$695.8m
SRI Stoneridge
0.6x11.4%US$463.2m

Price-To-Sales vs Peers: SRI is expensive based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.4x).


Price to Earnings Ratio vs Industry

How does SRI's PE Ratio compare vs other companies in the US Auto Components Industry?

Price-To-Sales vs Industry: SRI is expensive based on its Price-To-Sales Ratio (0.6x) compared to the US Auto Components industry average (0.5x)


Price to Sales Ratio vs Fair Ratio

What is SRI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SRI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: SRI is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).


Share Price vs Fair Value

What is the Fair Price of SRI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SRI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SRI's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


Discover undervalued companies

Future Growth

How is Stoneridge forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.4%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SRI's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if SRI's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if SRI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SRI's revenue (11.4% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: SRI's revenue (11.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SRI's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Stoneridge performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-45.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SRI is currently unprofitable.

Growing Profit Margin: SRI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SRI is unprofitable, and losses have increased over the past 5 years at a rate of 45.4% per year.

Accelerating Growth: Unable to compare SRI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SRI is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-17.5%).


Return on Equity

High ROE: SRI has a negative Return on Equity (-11.57%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Stoneridge's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SRI's short term assets ($395.8M) exceed its short term liabilities ($180.5M).

Long Term Liabilities: SRI's short term assets ($395.8M) exceed its long term liabilities ($185.4M).


Debt to Equity History and Analysis

Debt Level: SRI's net debt to equity ratio (44.3%) is considered high.

Reducing Debt: SRI's debt to equity ratio has reduced from 69.2% to 59.4% over the past 5 years.

Debt Coverage: SRI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if SRI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Discover healthy companies

Dividend

What is Stoneridge current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Stoneridge Dividend Yield vs Market
How does Stoneridge dividend yield compare to the market?
SegmentDividend Yield
Company (Stoneridge)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Auto Components)2.8%
Analyst forecast in 3 Years (Stoneridge)n/a

Notable Dividend: Unable to evaluate SRI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SRI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SRI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SRI's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SRI has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Jon DeGaynor (55 yo)

7.33yrs

Tenure

US$3,605,813

Compensation

Mr. Jonathan B. DeGaynor, also known as Jon, serves as Member of Advisory Board at Embark Technology, Inc. (formerly known as Embark Trucks, Inc.) since September 2021. He has been the Chief Executive Offi...


CEO Compensation Analysis

Jon DeGaynor's Compensation vs Stoneridge Earnings
How has Jon DeGaynor's remuneration changed compared to Stoneridge's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$32m

Mar 31 2022n/an/a

-US$4m

Dec 31 2021US$4mUS$900k

US$3m

Sep 30 2021n/an/a

US$13m

Jun 30 2021n/an/a

US$30m

Mar 31 2021n/an/a

-US$11m

Dec 31 2020US$4mUS$842k

-US$8m

Sep 30 2020n/an/a

-US$7m

Jun 30 2020n/an/a

-US$7m

Mar 31 2020n/an/a

US$54m

Dec 31 2019US$3mUS$825k

US$60m

Sep 30 2019n/an/a

US$68m

Jun 30 2019n/an/a

US$75m

Mar 31 2019n/an/a

US$50m

Dec 31 2018US$3mUS$750k

US$54m

Sep 30 2018n/an/a

US$61m

Jun 30 2018n/an/a

US$55m

Mar 31 2018n/an/a

US$49m

Dec 31 2017US$3mUS$615k

US$45m

Sep 30 2017n/an/a

US$75m

Jun 30 2017n/an/a

US$77m

Mar 31 2017n/an/a

US$79m

Dec 31 2016US$2mUS$550k

US$77m

Sep 30 2016n/an/a

US$35m

Jun 30 2016n/an/a

US$32m

Mar 31 2016n/an/a

US$28m

Dec 31 2015US$2mUS$379k

US$23m

Compensation vs Market: Jon's total compensation ($USD3.61M) is about average for companies of similar size in the US market ($USD2.94M).

Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SRI's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: SRI's board of directors are seasoned and experienced ( 13.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SRI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:SRI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
06 Sep 22BuyUS$205,691Paul SchlatherIndividual10,912US$18.85
02 Sep 22BuyUS$76,148Paul SchlatherIndividual4,083US$19.10
02 Sep 22BuyUS$95Paul SchlatherIndividual5US$19.00
03 Mar 22BuyUS$243,287Jonathan DeGaynorIndividual12,560US$19.37
05 Nov 21SellUS$85,670Robert HartmanIndividual3,880US$22.08

Ownership Breakdown

What is the ownership structure of SRI?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,259,9524.4%
Hedge Funds2,010,1927.1%
Institutions25,215,09088.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 84.52% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.36%
Cooper Creek Partners Management LLC
2,010,192$34.1m-1.2%4.64%
7.14%
Cooke & Bieler, L.P.
1,951,018$33.1m-0.47%0.38%
6.98%
BlackRock, Inc.
1,907,310$32.3m-1.17%no data
5.34%
Frontier Capital Management Co LLC
1,458,560$24.7m-0.74%0.27%
5.11%
Dimensional Fund Advisors LP
1,396,822$23.7m4.37%0.01%
5.02%
The Vanguard Group, Inc.
1,371,456$23.2m-2.22%no data
4.95%
Pembroke Management Ltd.
1,353,372$22.9m-0.48%2.28%
4.49%
Thrivent Investment Management, Inc.
1,227,215$20.8m20.2%0.06%
4.43%
Ewing Morris & Co. Investment Partners
1,210,902$20.5m1.09%25.45%
4.39%
Royce & Associates, LP
1,199,372$20.3m0.03%0.21%
3.02%
ArrowMark Colorado Holdings, LLC
826,039$14.0m6.3%0.18%
2.95%
Manulife Asset Management
805,966$13.7m-0.06%0.01%
2.87%
Massachusetts Financial Services Company
783,658$13.3m2.61%no data
2.46%
Granahan Investment Management, LLC
672,971$11.4m41.74%0.4%
2.44%
Jackson National Asset Management, LLC
666,767$11.3m9.33%0.24%
2.02%
State Street Global Advisors, Inc.
552,976$9.4m1.07%no data
1.7%
Geode Capital Management, LLC
464,158$7.9m2.02%no data
1.67%
Jeffrey Draime
456,841$7.7m0%no data
1.65%
Kennedy Capital Management, Inc.
449,656$7.6m12.57%0.24%
1.61%
Private Capital Management, LLC
440,204$7.5m-1.98%1.25%
1.57%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
428,763$7.3m7.51%no data
1.49%
Charles Schwab Investment Management, Inc.
407,454$6.9m10.7%no data
1.45%
BNY Mellon Asset Management
396,386$6.7m132.57%no data
1.26%
Peregrine Capital Management, LLC
344,702$5.8m-1.4%0.18%
1.15%
GAMCO Investors, Inc.
313,865$5.3m0%0.03%

Company Information

Stoneridge, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Stoneridge, Inc.
  • Ticker: SRI
  • Exchange: NYSE
  • Founded: 1965
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: US$463.180m
  • Shares outstanding: 27.33m
  • Website: https://www.stoneridge.com

Number of Employees


Location

  • Stoneridge, Inc.
  • 39675 MacKenzie Drive
  • Suite 400
  • Novi
  • Michigan
  • 48377
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRINYSE (New York Stock Exchange)YesCommon SharesUSUSDOct 1997
2GXDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1997

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.