Today Autoliv (ALV) Hits New Lifetime High
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Autoliv as such a stock due to the following factors:
- ALV has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $41.8 million.
- ALV has traded 10,478 shares today.
- ALV is trading at a new lifetime high.
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More details on ALV:
Autoliv, Inc., through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. It operates through two segments, Passive Safety and Active Safety. The stock currently has a dividend yield of 2%. ALV has a PE ratio of 22.5. Currently there are 2 analysts that rate Autoliv a buy, 5 analysts rate it a sell, and 3 rate it a hold.
The average volume for Autoliv has been 512,700 shares per day over the past 30 days. Autoliv has a market cap of $10.1 billion and is part of the consumer goods sector and automotive industry. The stock has a beta of 0.98 and a short float of 5% with 13.15 days to cover. Shares are up 8.6% year-to-date as of the close of trading on Friday.
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Analysis:
rates Autoliv as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
- AUTOLIV INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, AUTOLIV INC increased its bottom line by earning $5.08 versus $5.06 in the prior year. This year, the market expects an improvement in earnings ($6.49 versus $5.08).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Auto Components industry. The net income increased by 48.6% when compared to the same quarter one year prior, rising from $99.70 million to $148.20 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 0.5%. Since the same quarter one year prior, revenues slightly increased by 0.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The current debt-to-equity ratio, 0.47, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, ALV has a quick ratio of 1.54, which demonstrates the ability of the company to cover short-term liquidity needs.
- You can view the full Autoliv Ratings Report.
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