Gentex Corporation
Find Ratings ReportsGENTEX CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. GENTEX CORP is extremely liquid. Currently, the Quick Ratio is 2.07 which clearly shows the ability to cover any short-term cash needs. GNTX managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 11.94% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 584.13 | 493.65 |
EBITDA ($mil) | 150.09 | 117.4 |
EBIT ($mil) | 127.77 | 94.12 |
Net Income ($mil) | 116.94 | 86.17 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 240.79 | 241.76 |
Total Assets ($mil) | 2611.44 | 2327.23 |
Total Debt ($mil) | 0.0 | 0.0 |
Equity ($mil) | 2312.52 | 2065.79 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 37.78 | 35.88 |
EBITDA Margin | 25.69 | 23.78 |
Operating Margin | 21.87 | 19.07 |
Sales Turnover | 0.88 | 0.82 |
Return on Assets | 16.4 | 13.69 |
Return on Equity | 18.53 | 15.43 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 3.67 | 3.79 |
Debt/Capital | 0.0 | 0.0 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 231.46 | 234.17 |
Div / share | 0.12 | 0.12 |
EPS | 0.5 | 0.37 |
Book value / share | 9.99 | 8.82 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1407642.0 | 1477544.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 23.30 for the Transportation Equipment Manufacturing subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 3.60 indicates a discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 4.90. The current price-to-sales ratio is well above the S&P 500 average, but below the subsector average. Upon assessment of these and other key valuation criteria, GENTEX CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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GNTX 19.53 | Peers 23.30 | GNTX 15.48 | Peers 20.65 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. GNTX is trading at a discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. GNTX is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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GNTX 14.82 | Peers 16.58 | GNTX 1.28 | Peers 2.67 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. GNTX is trading at a valuation on par with its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. GNTX trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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GNTX 3.60 | Peers 4.90 | GNTX 35.29 | Peers 54.33 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. GNTX is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, GNTX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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GNTX 3.62 | Peers 3.84 | GNTX 19.55 | Peers 19.37 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. GNTX is trading at a valuation on par with its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. GNTX is keeping pace with its peers on the basis of sales growth. |
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