Stoneridge
- Home ›
- US ›
- Automobiles
Stoneridge, Inc. designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The last earnings update was 78 days ago. More info.
Add to Portfolio Compare Print
SRI Share Price and Events
7 Day Returns
1 Year Returns
SRI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Stoneridge (SRI) | 1.5% | 4.4% | -1.5% | -8.4% | 93.3% | 184% |
| US Auto Components | 1.2% | 0.9% | -16% | -27.6% | -1.4% | -11.6% |
| US Market | -0.3% | 2.9% | 2.1% | 3.4% | 36.2% | 41.3% |
1 Year Return vs Industry and Market
- SRI outperformed the Auto Components industry which returned -27.6% over the past year.
- SRI underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
Related Companies
SRI Value
Is Stoneridge 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
Stoneridge
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 Stoneridge.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.2% |
| 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 | 6% |
| Auto Components Unlevered Beta | Simply Wall St/ S&P Global | 1.27 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.265 (1 + (1- 21%) (12.4%)) |
1.261 |
| 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% + (1.261 * 5.96%) |
10.24% |
Discounted Cash Flow Calculation for NYSE:SRI using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Stoneridge 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 (@ 10.24%) |
|
|---|---|---|---|
| 2020 | 54.20 | Analyst x1 | 49.16 |
| 2021 | 56.92 | Est @ 5.02% | 46.83 |
| 2022 | 59.38 | Est @ 4.33% | 44.32 |
| 2023 | 61.67 | Est @ 3.85% | 41.75 |
| 2024 | 63.84 | Est @ 3.51% | 39.20 |
| 2025 | 65.93 | Est @ 3.28% | 36.72 |
| 2026 | 67.98 | Est @ 3.11% | 34.35 |
| 2027 | 70.02 | Est @ 3% | 32.09 |
| 2028 | 72.06 | Est @ 2.92% | 29.96 |
| 2029 | 74.13 | Est @ 2.86% | 27.95 |
| Present value of next 10 years cash flows | $382.34 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $74.13 × (1 + 2.73%) ÷ (10.24% – 2.73%) |
$1,013.42 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,013.42 ÷ (1 + 10.24%)10 |
$382.15 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $382.34 + $382.15 |
$764.49 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $764.49 / 28.69 |
$26.64 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $26.64 |
| Current discount | Discount to share price of
$31.52
= -1 x ($31.52 - $26.64) / $26.64 |
-18.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Stoneridge 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 Stoneridge's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Stoneridge'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 | $1.76 |
| NYSE:SRI Share Price ** | NYSE (2019-07-18) in USD | $31.52 |
| United States of America Auto Components Industry PE Ratio | Median Figure of 23 Publicly-Listed Auto Components Companies | 14.68x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Stoneridge.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:SRI Share Price ÷ EPS (both in USD) = 31.52 ÷ 1.76 |
17.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Stoneridge is overvalued based on earnings compared to the US Auto Components industry average.
- Stoneridge is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Stoneridge's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.9x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
16.8%per year |
| United States of America Auto Components Industry PEG Ratio | Median Figure of 21 Publicly-Listed Auto Components Companies | 1.06x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.9x ÷ 16.8% |
1.07x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Stoneridge is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Stoneridge's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $10.03 |
| NYSE:SRI Share Price * | NYSE (2019-07-18) in USD | $31.52 |
| United States of America Auto Components Industry PB Ratio | Median Figure of 40 Publicly-Listed Auto Components Companies | 1.33x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:SRI Share Price ÷ Book Value per Share (both in USD) = 31.52 ÷ 10.03 |
3.14x |
* Primary Listing of Stoneridge.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Stoneridge is overvalued based on assets compared to the US Auto Components industry average.
Value checks
We assess Stoneridge'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) Stoneridge 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.
SRI Future Performance
How is Stoneridge expected to perform in the next 1 to 3 years based on estimates from 5 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
- Stoneridge's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Stoneridge's earnings growth is expected to exceed the United States of America market average.
- Stoneridge'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:SRI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 16.8% |
| NYSE:SRI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 2.9% |
| United States of America Auto Components Industry Earnings Growth Rate | Market Cap Weighted Average | 17.1% |
| United States of America Auto Components Industry Revenue Growth Rate | Market Cap Weighted Average | 5.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| 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 (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 882 | 89 | 60 | 5 |
| 2019-12-31 | 845 | 77 | 46 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 859 | 65 | 50 |
| 2018-12-31 | 866 | 81 | 54 |
| 2018-09-30 | 863 | 75 | 61 |
| 2018-06-30 | 858 | 81 | 55 |
| 2018-03-31 | 846 | 79 | 49 |
| 2017-12-31 | 824 | 79 | 45 |
| 2017-09-30 | 790 | 79 | 75 |
| 2017-06-30 | 760 | 75 | 77 |
| 2017-03-31 | 738 | 74 | 79 |
| 2016-12-31 | 696 | 65 | 77 |
| 2016-09-30 | 678 | 75 | 35 |
| 2016-06-30 | 666 | 71 | 32 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Stoneridge Company Filings, last reported 3 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 |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 2.08 | 2.15 | 1.95 | 4.00 |
| 2019-12-31 | 1.55 | 1.63 | 1.44 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.76 |
| 2018-12-31 | 1.90 |
| 2018-09-30 | 2.14 |
| 2018-06-30 | 1.96 |
| 2018-03-31 | 1.75 |
| 2017-12-31 | 1.61 |
| 2017-09-30 | 2.67 |
| 2017-06-30 | 2.75 |
| 2017-03-31 | 2.85 |
| 2016-12-31 | 2.79 |
| 2016-09-30 | 1.27 |
| 2016-06-30 | 1.17 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Stoneridge will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Stoneridge'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)
Stoneridge 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.
SRI Past Performance
How has Stoneridge 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
- Stoneridge has delivered over 20% year on year earnings growth in the past 5 years.
- Stoneridge's 1-year earnings growth is less than its 5-year average (1.6% vs 44.6%)
- Stoneridge's earnings growth has not exceeded the US Auto Components industry average in the past year (1.6% vs 2.9%).
Earnings and Revenue History
All data from Stoneridge Company Filings, last reported 3 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 | 858.57 | 50.13 | 133.59 | 49.51 |
| 2018-12-31 | 866.20 | 53.85 | 135.82 | 50.92 |
| 2018-09-30 | 862.83 | 60.70 | 134.93 | 52.24 |
| 2018-06-30 | 857.55 | 55.46 | 137.76 | 51.84 |
| 2018-03-31 | 846.06 | 49.36 | 136.70 | 51.02 |
| 2017-12-31 | 824.44 | 45.18 | 133.53 | 48.88 |
| 2017-09-30 | 789.62 | 74.64 | 128.62 | 45.03 |
| 2017-06-30 | 759.88 | 76.87 | 120.58 | 43.21 |
| 2017-03-31 | 737.67 | 79.43 | 116.10 | 41.01 |
| 2016-12-31 | 695.98 | 77.46 | 108.30 | 39.11 |
| 2016-09-30 | 678.01 | 35.16 | 105.46 | 38.91 |
| 2016-06-30 | 666.22 | 32.36 | 104.36 | 38.30 |
| 2016-03-31 | 644.60 | 27.71 | 104.03 | 38.51 |
| 2015-12-31 | 644.81 | 22.98 | 109.66 | 38.46 |
| 2015-09-30 | 656.98 | -7.95 | 114.62 | 39.09 |
| 2015-06-30 | 665.26 | -7.45 | 119.42 | 39.74 |
| 2015-03-31 | 662.07 | -35.72 | 122.55 | 40.28 |
| 2014-12-31 | 660.58 | -37.72 | 122.58 | 41.44 |
| 2014-09-30 | 663.00 | -9.49 | 93.23 | 72.09 |
| 2014-06-30 | 654.22 | -10.47 | 99.75 | 61.90 |
| 2014-03-31 | 661.96 | 16.66 | 110.69 | 51.31 |
| 2013-12-31 | 659.49 | 19.15 | 122.71 | 40.37 |
| 2013-09-30 | 712.98 | 18.40 | 168.17 | |
| 2013-06-30 | 770.68 | 11.83 | 175.73 | |
| 2013-03-31 | 835.11 | 2.49 | 184.27 | |
| 2012-12-31 | 612.47 | -2.16 | 125.58 | 38.61 |
| 2012-09-30 | 901.84 | 41.32 | 181.53 |
*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.
- Stoneridge has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Stoneridge used its assets more efficiently than the US Auto Components industry average last year based on Return on Assets.
- Stoneridge has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Stoneridge'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)
Stoneridge has a total score of 3/6, 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.
SRI Health
How is Stoneridge'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 Stoneridge's finances.
The net worth of a company is the difference between its assets and liabilities.
- Stoneridge is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Stoneridge's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3.5x 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 Stoneridge Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 287.76 | 92.86 | 53.09 |
| 2018-12-31 | 283.27 | 98.52 | 81.09 |
| 2018-09-30 | 269.40 | 104.03 | 60.66 |
| 2018-06-30 | 258.05 | 114.97 | 58.97 |
| 2018-03-31 | 259.62 | 122.87 | 57.40 |
| 2017-12-31 | 244.07 | 129.04 | 66.00 |
| 2017-09-30 | 224.53 | 135.52 | 50.79 |
| 2017-06-30 | 208.34 | 144.43 | 44.22 |
| 2017-03-31 | 207.64 | 155.23 | 44.91 |
| 2016-12-31 | 192.08 | 83.69 | 50.39 |
| 2016-09-30 | 144.62 | 105.17 | 50.56 |
| 2016-06-30 | 133.90 | 120.80 | 55.28 |
| 2016-03-31 | 117.76 | 121.03 | 48.37 |
| 2015-12-31 | 106.43 | 118.36 | 54.36 |
| 2015-09-30 | 99.92 | 122.90 | 29.29 |
| 2015-06-30 | 108.45 | 127.63 | 22.86 |
| 2015-03-31 | 99.81 | 123.39 | 23.87 |
| 2014-12-31 | 113.81 | 130.31 | 43.02 |
| 2014-09-30 | 156.54 | 183.24 | 40.95 |
| 2014-06-30 | 170.35 | 205.10 | 45.76 |
| 2014-03-31 | 194.90 | 205.64 | 48.43 |
| 2013-12-31 | 188.53 | 197.23 | 62.83 |
| 2013-09-30 | 195.19 | 196.66 | 46.06 |
| 2013-06-30 | 188.09 | 199.29 | 37.02 |
| 2013-03-31 | 201.79 | 211.15 | 46.72 |
| 2012-12-31 | 193.83 | 201.40 | 44.56 |
| 2012-09-30 | 190.98 | 222.30 | 35.57 |
- Stoneridge's level of debt (32.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (105.7% vs 32.3% today).
- Debt is well covered by operating cash flow (70.5%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 15.7x coverage).
Financial health checks
We assess Stoneridge'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) Stoneridge has a total score of 6/6, 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.
SRI Dividends
What is Stoneridge'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
Stoneridge
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Stoneridge's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Stoneridge's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| 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 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Auto Components Industry Average Dividend Yield | Market Cap Weighted Average of 15 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
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 |
|---|---|---|
| 2021-12-31 | ||
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Stoneridge has not reported any payouts.
- Unable to verify if Stoneridge's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Stoneridge'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 Stoneridge afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Stoneridge has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
SRI Management
CEO
| COMPENSATION | $3,142,035 |
| AGE | 52 |
| TENURE AS CEO | 4.3 years |
CEO Bio
Mr. Jonathan B. DeGaynor, also known as Jon, has been the Chief Executive Officer and President of Stoneridge Inc. since March 30, 2015. Mr. DeGaynor served as the Vice President of Strategic Planning and Innovation for Guardian Industrial Corp. from October 2014 until March 2015. Mr. DeGaynor has spent the majority of his career in the automotive and commercial vehicle industries with key roles in sales and marketing, product development and operations. Mr. DeGaynor served as Chief Operating Officer of International Operations of Autocam Corporation and Titan Holdings Inc. since September 2005 Until 2008. Mr. DeGaynor served as Vice President of Business Development and Strategy and Managing Director of Asia at SRG Global, Inc. from 2008 through September 2014. Prior to that, he worked 17 years first at General Motors Corporation and then at Delphi Corporation, most recently as the Business Line Executive for the Diesel Business Line based in Paris, France. He has been a Director of Stoneridge Inc. since May 2015. Mr. DeGaynor earned a Bachelor of Science in Mechanical Engineering at the University of Michigan and a Masters in Business Administration from The University of Pennsylvania's Wharton School of Business.
CEO Compensation
- Jon's compensation has been consistent with company performance over the past year, both up more than 20%.
- Jon's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Stoneridge management team in years:
- The tenure for the Stoneridge management team is about average.
Management Team
Jon DeGaynor
CEO, President & Director
$3M
52
4.3 yrs
Bob Krakowiak
Executive VP
$1M
48
2.9 yrs
Tom Dono
Chief Legal Officer & Secretary
$886K
46
1.5 yrs
Thomas Beaver
VP & President of Global Sales
$857K
65
7.2 yrs
Bob Willig
President of the Control Devices Division
$837K
56
1.8 yrs
Anthony Moore
Vice President of Operations
$874K
55
3.2 yrs
Robert Hartman
Chief Accounting Officer
52
3 yrs
Laurent Borne
CTO & President of Electronics Division
43
0.9 yrs
Theresa Mitchell
Chief Information Officer
3.5 yrs
Matthew Horvath
Director of Investor Relations and M&A
Board of Directors Tenure
Average tenure and age of the Stoneridge board of directors in years:
- The average tenure for the Stoneridge board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Bill Lasky
Non-Executive Chairman & Lead Independent Director
$263K
71
12.8 yrs
Jon DeGaynor
CEO, President & Director
$3M
52
4.2 yrs
Douglas Jacobs
Independent Director
$198K
77
15 yrs
Mary Kim Korth
Independent Director
$195K
64
12.8 yrs
George Mayes
Independent Director
$185K
60
6.6 yrs
Jeffrey Draime
Independent Director
$185K
52
14.3 yrs
Paul Schlather
Independent Director
$185K
66
10.5 yrs
Ira Kaplan
Independent Director
$185K
65
10.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Jun 19 | Sell | Robert Hartman | Individual | 12. Jun 19 | 12. Jun 19 | -5,601 | $28.75 | $-161,029 | ||
| 12. Jun 19 | Sell | Anthony Moore | Individual | 10. May 19 | 10. May 19 | -15,022 | $28.76 | $-432,000 | ||
| 31. May 19 | Sell | Thomas Beaver | Individual | 30. May 19 | 30. May 19 | -21,093 | $26.49 | $-558,754 | ||
| 28. May 19 | Sell | Anthony Moore | Individual | 24. May 19 | 24. May 19 | -7,000 | $26.50 | $-185,500 | ||
Management checks
We assess Stoneridge'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) Stoneridge 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.
SRI News
Simply Wall St News
Is There More To Stoneridge, Inc. (NYSE:SRI) Than Its 16% Returns On Capital?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Stoneridge: 0.16 = US$68m ÷ (US$582m - US$157m) (Based on the trailing twelve months to March 2019.) Therefore, Stoneridge has an ROCE of 16%. … Stoneridge's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months.
Simply Wall St - – Full articleIs It Too Late To Consider Buying Stoneridge, Inc. (NYSE:SRI)?
However, could the stock still be trading at a relatively cheap price? … According to my valuation model, Stoneridge seems to be fairly priced at around 19.86% above my intrinsic value, which means if you buy Stoneridge today, you’d be paying a relatively fair price for it. … The price seems to be trading at fair value, which means there’s less benefit from mispricing.
Simply Wall St - – Full articleA Note On Stoneridge, Inc.'s (NYSE:SRI) ROE and Debt To Equity
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Stoneridge: 17% = US$50m ÷ US$288m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Stoneridge's Debt And Its 17% Return On Equity Although Stoneridge does use debt, its debt to equity ratio of 0.32 is still low. … A company that can achieve a high return on equity without debt could be considered a high quality business.
Simply Wall St - – Full articleDoes Stoneridge, Inc. (NYSE:SRI) Have A Particularly Volatile Share Price?
(NYSE:SRI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … It's not particularly surprising that it has a higher beta than the overall market.
Simply Wall St - – Full articleA Look At The Fair Value Of Stoneridge, Inc. (NYSE:SRI)
Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $42.88 $54.20 $56.92 $59.38 $61.67 $63.84 $65.93 $67.98 $70.02 $72.06 Growth Rate Estimate Source Analyst x2 Analyst x1 Est @ 5.02% Est @ 4.33% Est @ 3.85% Est @ 3.51% Est @ 3.28% Est @ 3.11% Est @ 3% Est @ 2.92% Present Value ($, Millions) Discounted @ 9.68% $39.10 $45.06 $43.14 $41.04 $38.86 $36.68 $34.54 $32.47 $30.50 $28.62 Present Value of 10-year Cash Flow (PVCF)= $370.01m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$72m × (1 + 2.7%) ÷ (9.7% – 2.7%) = US$1.1b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$1.1b ÷ ( 1 + 9.7%)10 = $423.29m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $793.30m. … NYSE:SRI Intrinsic value, May 29th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full articleStoneridge, Inc. (NYSE:SRI): Did It Outperform The Industry?
View our latest analysis for Stoneridge Have SRI's earnings improved against past performances and the industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 45%, indicating the rate at which SRI is growing has slowed down. … I suggest you continue to research Stoneridge to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for SRI’s future growth?
Simply Wall St - – Full articleIf You Had Bought Stoneridge (NYSE:SRI) Shares Five Years Ago You'd Have Made 204%
One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During five years of share price growth, Stoneridge achieved compound earnings per share (EPS) growth of 23% per year. … This EPS growth is reasonably close to the 25% average annual increase in the share price.
Simply Wall St - – Full articleIs Stoneridge, Inc.'s (NYSE:SRI) CEO Pay Justified?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Jon DeGaynor's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$922m, and pays its CEO total annual compensation worth US$2.8m.
Simply Wall St - – Full articleShould You Be Tempted To Sell Stoneridge, Inc. (NYSE:SRI) Because Of Its P/E Ratio?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll show how you can use Stoneridge, Inc.'s (NYSE:SRI) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat does Stoneridge, Inc.'s (NYSE:SRI) Balance Sheet Tell Us About Its Future?
(NYSE:SRI) with its market cap of US$730m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.
Simply Wall St - – Full articleSRI Company Info
Description
Stoneridge, Inc. designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The company operates in three segments: Control Devices, Electronics, and PST. The Control Devices segment offers sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle. The Electronics segment provides electronic instrument clusters, electronic control units, and driver information systems, camera-based vision systems, monitors, and related products. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment’s power distribution modules and systems regulate, coordinate, monitor, and direct the operation of the electrical system within a vehicle. The PST segment offers in-vehicle audio and video devices, electronic vehicle security alarms, convenience accessories, vehicle monitoring and tracking devices, and infotainment systems. It provides its products and systems to various original equipment manufacturers and tier 1 customers, as well as aftermarket distributors and mass merchandisers for use in various vehicle platforms in North America, South America, Europe, and internationally. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan.
Details
| Name: | Stoneridge, Inc. |
| SRI | |
| Exchange: | NYSE |
| Founded: | 1965 |
| $904,455,525 | |
| 28,694,655 | |
| Website: | http://www.stoneridge.com |
| Address: |
Stoneridge, Inc. 39675 MacKenzie Drive, Suite 400, Novi, Michigan, 48377, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | SRI | Common Shares | New York Stock Exchange | US | USD | 10. Oct 1997 | |
| DB | 2GX | Common Shares | Deutsche Boerse AG | DE | EUR | 10. Oct 1997 |
Number of employees
Current staff
Industry
| Auto Parts and Equipment | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 23:48 |
| End of day share price update: | 2019/07/18 00:00 |
| Last estimates confirmation: | 2019/06/21 |
| Last earnings filing: | 2019/05/01 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
