NYSE:SRI

Stock Analysis Report

Executive Summary

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.


Snowflake Analysis

Adequate 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-14.3%

SRI

-13.6%

US Auto Components

-2.8%

US Market


1 Year Return

-54.7%

SRI

-50.6%

US Auto Components

-15.9%

US Market

Return vs Industry: SRI underperformed the US Auto Components industry which returned -50.1% over the past year.

Return vs Market: SRI underperformed the US Market which returned -15.1% over the past year.


Shareholder returns

SRIIndustryMarket
7 Day-14.3%-13.6%-2.8%
30 Day-28.7%-36.3%-18.8%
90 Day-53.8%-49.5%-24.0%
1 Year-54.7%-54.7%-49.9%-50.6%-14.2%-15.9%
3 Year-20.3%-20.3%-48.4%-53.6%9.9%2.8%
5 Year18.5%18.5%-46.1%-53.9%27.2%13.3%

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

Valuation

Is Stoneridge undervalued compared to its fair value and its price relative to the market?

6.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SRI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SRI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SRI is good value based on its PE Ratio (6.4x) compared to the Auto Components industry average (10.8x).

PE vs Market: SRI is good value based on its PE Ratio (6.4x) compared to the US market (12.4x).


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 (1.3x) compared to the US Auto Components industry average (0.7x).


Next Steps

Future Growth

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

-91.6%

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 (-91.6% per year).

Earnings vs Market: SRI's earnings are forecast to decline over the next 3 years (-91.6% per year).

High Growth Earnings: SRI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SRI's revenue is expected to decline over the next 3 years (-15.6% per year).

High Growth Revenue: SRI's revenue is forecast to decline over the next 3 years (-15.6% 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?

35.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRI has a high level of non-cash earnings.

Growing Profit Margin: SRI's current net profit margins (7.2%) are higher than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: SRI has become profitable over the past 5 years, growing earnings by 35.8% per year.

Accelerating Growth: SRI's earnings growth over the past year (12%) is below its 5-year average (35.8% per year).

Earnings vs Industry: SRI earnings growth over the past year (12%) exceeded the Auto Components industry -4.2%.


Return on Equity

High ROE: SRI's Return on Equity (20.8%) is considered high.


Next Steps

Financial Health

How is Stoneridge's financial position?


Financial Position Analysis

Short Term Liabilities: SRI's short term assets ($331.3M) exceed its short term liabilities ($138.6M).

Long Term Liabilities: SRI's short term assets ($331.3M) exceed its long term liabilities ($173.7M).


Debt to Equity History and Analysis

Debt Level: SRI's debt to equity ratio (44.5%) is considered high.

Reducing Debt: SRI's debt to equity ratio has reduced from 114.6% to 44.5% over the past 5 years.

Debt Coverage: SRI's debt is not well covered by operating cash flow (19%).

Interest Coverage: SRI's interest payments on its debt are well covered by EBIT (11x 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 2.6x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

3.0yrs

Average management tenure


CEO

Jon DeGaynor (52yo)

5.08s

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 ($USD3.14M) is above average for companies of similar size in the US market ($USD2.25M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan DeGaynor
CEO, President & Director5.08yrsUS$3.14m0.68% $2.6m
Robert Krakowiak
Executive VP3.67yrsUS$1.21m0.16% $596.3k
Thomas Dono
Chief Legal Officer & Secretary2.25yrsUS$885.73kno data
Kevin Heigel
Vice President of Operations0.25yrno datano data
Robert Hartman
Chief Accounting Officer3.75yrsno data0.15% $561.0k
Laurent Borne
CTO & President of Electronics Division1.67yrsno datano data
Theresa Mitchell
Chief Information Officer4.25yrsno datano data
Matthew Horvath
Director of Investor Relations and M&Ano datano datano data
Regan Grant
Director of Global Strategic Marketing & Communicationsno datano datano data
Susan Benedict
Chief Human Resources Officer and Assistant General Counsel of Labor & Employment0.83yrno datano data

3.0yrs

Average Tenure

52yo

Average Age

Experienced Management: SRI's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan DeGaynor
CEO, President & Director5.08yrsUS$3.14m0.68% $2.6m
William Lasky
Non-Executive Chairman & Lead Independent Director13.5yrsUS$262.50k0.49% $1.8m
Douglas Jacobs
Independent Director15.75yrsUS$197.50k0.25% $940.5k
Kimberly Korth
Independent Director13.5yrsUS$195.00k0.23% $868.5k
Ira Kaplan
Independent Director11.25yrsUS$185.00k0.25% $950.0k
George Mayes
Independent Director7.33yrsUS$185.00k0.19% $718.1k
Jeffrey Draime
Independent Director15yrsUS$185.00k1.63% $6.1m
Paul Schlather
Independent Director11.25yrsUS$185.00k0.45% $1.7m

12.4yrs

Average Tenure

64.5yo

Average Age

Experienced Board: SRI's board of directors are seasoned and experienced ( 12.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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$375.387m
  • Shares outstanding: 26.99m
  • 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

Biography

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. The company operates in three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers sensors, switches, and actuators that monitor, measure, or activate specific functions within a vehicle. The Electronics segment designs and manufactures driver information systems, camera-based vision systems, connectivity, compliance products, and electronic control units. 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 Stoneridge Brazil segment design, manufacture and sell vehicle tracking devices and monitoring services; vehicle security alarms and convenience accessories; in-vehicle audio and infotainment devices; and telematics solutions. 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. It serves in North America, South America, Europe, and internationally. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 23:40
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.