Stoneridge
Market Cap
US$784.2m
Last Updated
2020/01/24 23:53 UTC
Data Sources
Company Financials +
Executive Summary
Stoneridge, Inc. designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -8.7% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet with proven track record.
Similar Companies
Share Price & News
How has Stoneridge's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SRI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.4%
SRI
-2.4%
US Auto Components
-1.3%
US Market
1 Year Return
7.3%
SRI
-2.8%
US Auto Components
22.0%
US Market
Return vs Industry: SRI exceeded the US Auto Components industry which returned 1.9% over the past year.
Return vs Market: SRI underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| SRI | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -2.4% | -1.3% |
| 30 Day | -4.7% | -4.7% | 1.8% |
| 90 Day | -14.3% | -0.4% | 9.3% |
| 1 Year | 7.3%7.3% | -1.3%-2.8% | 24.6%22.0% |
| 3 Year | 69.1%69.1% | -2.5%-12.4% | 49.2%39.6% |
| 5 Year | 126.0%126.0% | 18.0%1.2% | 77.9%58.3% |
Price Volatility Vs. Market
How volatile is Stoneridge's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Should We Be Delighted With Stoneridge, Inc.'s (NYSE:SRI) ROE Of 25%?2 weeks ago | Simply Wall St
Is Stoneridge, Inc.'s (NYSE:SRI) CEO Paid At A Competitive Rate?1 month ago | Simply Wall St
Does Stoneridge, Inc. (NYSE:SRI) Have A Good P/E Ratio?Valuation
Is Stoneridge undervalued compared to its fair value and its price relative to the market?
11.75x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SRI ($29.63) is trading above our estimate of fair value ($24.26)
Significantly Below Fair Value: SRI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SRI is good value based on its PE Ratio (12.2x) compared to the Auto Components industry average (18.2x).
PE vs Market: SRI is good value based on its PE Ratio (12.2x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: SRI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SRI is overvalued based on its PB Ratio (2.9x) compared to the US Auto Components industry average (1.3x).
Next Steps
Future Growth
How is Stoneridge forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-8.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SRI's earnings are forecast to decline over the next 3 years (-8.7% per year).
Earnings vs Market: SRI's earnings are forecast to decline over the next 3 years (-8.7% per year).
High Growth Earnings: SRI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SRI's revenue (2% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: SRI's revenue (2% 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
Next Steps
Past Performance
How has Stoneridge performed over the past 5 years?
40.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SRI has a large one-off gain of $19.4M impacting its September 30 2019 financial results.
Growing Profit Margin: SRI's current net profit margins (8%) are higher than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: SRI has become profitable over the past 5 years, growing earnings by 40.9% per year.
Accelerating Growth: SRI's earnings growth over the past year (12.3%) is below its 5-year average (40.9% per year).
Earnings vs Industry: SRI earnings growth over the past year (12.3%) exceeded the Auto Components industry 4.1%.
Return on Equity
High ROE: SRI's Return on Equity (24.6%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Stoneridge's financial position?
Financial Position Analysis
Short Term Liabilities: SRI's short term assets ($331.2M) exceed its short term liabilities ($160.6M).
Long Term Liabilities: SRI's short term assets ($331.2M) exceed its long term liabilities ($156.8M).
Debt to Equity History and Analysis
Debt Level: SRI's debt to equity ratio (40.4%) is considered high.
Reducing Debt: SRI's debt to equity ratio has reduced from 117% to 40.4% over the past 5 years.
Debt Coverage: SRI's debt is well covered by operating cash flow (48%).
Interest Coverage: SRI's interest payments on its debt are well covered by EBIT (15.1x coverage).
Balance Sheet
Inventory Level: SRI has a high level of physical assets or inventory.
Debt Coverage by Assets: SRI's debt is covered by short term assets (assets are 3x debt).
Next Steps
Dividend
What is Stoneridge's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SRI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SRI's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SRI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Stoneridge's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Jon DeGaynor (52yo)
4.8yrs
Tenure
US$3,142,035
Compensation
Mr. Jonathan B. DeGaynor, also known as Jon, has been the Chief Executive Officer and President of Stoneridge Inc. since March 30, 2015. Mr. DeGaynor served as the Vice President of Strategic Planning and  ...
CEO Compensation Analysis
Compensation vs Market: Jon's total compensation ($USD3.14M) is about average for companies of similar size in the US market ($USD2.53M).
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.8yrs
Average Tenure
50yo
Average Age
Experienced Management: SRI's management team is considered experienced (2.8 years average tenure).
Board Age and Tenure
12.1yrs
Average Tenure
64.5yo
Average Age
Experienced Board: SRI's board of directors are seasoned and experienced ( 12.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Accounting Officer Chief Accounting Officer |
| Shares | 5,601 |
| Max Price | US$28.75 |
| Entity | Individual |
| Shares | 15,022 |
| Max Price | US$28.76 |
| Entity | Individual |
| Shares | 21,093 |
| Max Price | US$26.49 |
| Entity | Individual |
| Shares | 7,000 |
| Max Price | US$26.50 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Jon DeGaynor (52yo)
CEO, President & Director
- Tenure: 4.8yrs
- Compensation: US$3.14m
Bob Krakowiak (48yo)
Executive VP
- Tenure: 3.4yrs
- Compensation: US$1.21m
Bob Willig (56yo)
President of the Control Devices Division
- Tenure: 2.3yrs
- Compensation: US$837.08k
Tom Dono (46yo)
Chief Legal Officer & Secretary
- Tenure: 2yrs
- Compensation: US$885.73k
Theresa Mitchell
Chief Information Officer
- Tenure: 4yrs
Robert Hartman (52yo)
Chief Accounting Officer
- Tenure: 3.5yrs
Matthew Horvath
Director of Investor Relations and M&A
Laurent Borne (43yo)
CTO & President of Electronics Division
- Tenure: 1.4yrs
Regan Grant
Director of Global Strategic Marketing & Communications
Susan Benedict
Chief Human Resources Officer and Assistant General Counsel of Labor & Employment
- Tenure: 0.6yrs
Board Members
Bill Lasky (71yo)
Non-Executive Chairman & Lead Independent Director
- Tenure: 13.3yrs
- Compensation: US$262.50k
Douglas Jacobs (77yo)
Independent Director
- Tenure: 15.5yrs
- Compensation: US$197.50k
Mary Kim Korth (64yo)
Independent Director
- Tenure: 13.3yrs
- Compensation: US$195.00k
Ira Kaplan (65yo)
Independent Director
- Tenure: 11yrs
- Compensation: US$185.00k
George Mayes (60yo)
Independent Director
- Tenure: 7.1yrs
- Compensation: US$185.00k
Jeffrey Draime (52yo)
Independent Director
- Tenure: 14.8yrs
- Compensation: US$185.00k
Jon DeGaynor (52yo)
CEO, President & Director
- Tenure: 4.8yrs
- Compensation: US$3.14m
Paul Schlather (66yo)
Independent Director
- Tenure: 11yrs
- Compensation: US$185.00k
Company Information
Stoneridge, Inc.'s company bio, 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
- Market Cap: US$784.245m
- Shares outstanding: 27.40m
- Website: https://www.stoneridge.com
Number of Employees
Location
- Stoneridge, Inc.
- 39675 MacKenzie Drive
- Suite 400
- Novi
- Michigan
- 48377
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SRI | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 1997 |
| 2GX | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 1997 |
Biography
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.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/24 23:53 |
| End of Day Share Price | 2020/01/24 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.