Based on the $1.80 earnings per share number, the unleveraged assets trade at 18 times earnings, as 2023 has been very strong, perhaps unexpectedly strong in my view. 2024 sales are expected to rise further to $2.5 billion, marking another year of double-digit growth next year, as operating momentum has returned. Gentex is an automotive supplier of rearview mirrors and while this looks like a boring business, Gentex has been thriving on the back smartest country in the world india of combining functionality and technology at solid prices. The idea of Gentex is to combine the traditional mirror with technology in order to improve vision, safety and functionality. Moreover, the company has developed adjacent technologies, among others including adjusting the lighting for the mirror as well as rearview park assist technology. 5 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Gentex in the last year.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. The company is constantly developing new applications for the technology to remain on top.
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Trading at $18 per share in 2015, equity of the business was valued at $5.4 billion, with operating assets valued at $5.0 billion if we factor in net cash, as the company traded at 17 times earnings. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
Net earnings fell to $319 million, making that earnings fell from $1.50 per share to $1.36 per share, as the company maintained a net cash position around $400 million. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. The Barchart Technical Opinion rating is a 96% Buy with a Strengthening short term outlook on maintaining the current direction. Investors in this rearview mirror-maker are feeling lucky today.
What is Gentex Corp’s stock style?
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This looks like quite an attractive multiple for a long term value creator; although, the operating performance ahead of this year was a bit on the softer site, raising some questions. With the 2023 performance looking very strong, and the read-out for 2024 looking promising as well, I have to give the company a bit more credibility. https://1investing.in/ As it looks, the business has found some of its operating performance, as Gentex deserves a premium valuation, making me a buyer on dips here, with momentum set to last into 2024. My last take on the business dates back to 2015 when I believed that the consistent and strong performance warranted a premium valuation.
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On average, they anticipate the company’s stock price to reach $32.50 in the next year. This suggests a possible upside of 0.9% from the stock’s current price. View analysts price targets for GNTX or view top-rated stocks among Wall Street analysts.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
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There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “hold” GNTX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNTX, but not buy additional shares or sell existing shares.
- GNTX’s beta can be found in Trading Information at the top of this page.
- Second quarter revenues rose by 26% to $583 million, on the back of a record 12.9 million unit shipment.
- Zacks Ranks stocks can, and often do, change throughout the month.
- This suggests a possible upside of 0.9% from the stock’s current price.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. High-growth stocks tend to represent the technology, healthcare, and communications sectors.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. GNTX’s beta can be found in Trading Information at the top of this page.
Gentex (GNTX) puts up a stellar show in Q1, with earnings and sales not just beating expectations but also increasing year over year. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
What Does Gentex Corporation’s (NASDAQ:GNTX) Share Price Indicate? – Yahoo Finance
What Does Gentex Corporation’s (NASDAQ:GNTX) Share Price Indicate?.
Posted: Sat, 01 Jul 2023 07:00:00 GMT [source]
Forwarding to 2022, Gentex has grown sales to $1.92 billion, with sales up 11% in 2022. It is quite clear that growth has slowed down, with revenues up just 30% since 2015, as the topline grew at a much slower pace than before. Despite the strong topline results, earnings took a beating with operating profits falling from $410 million to $370 million on the back of inflationary and efficiency issues. Gentex manufactures auto-dimming rear- and side-view mirrors that use electrochromic technology. These mirrors automatically darken to eliminate headlight glare for drivers and have many other applications.