Company Valuation: Gentex Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,243 6,397 7,618 6,534 5,095 5,526 - -
Change - -22.39% 19.09% -14.23% -22.03% 8.47% - -
Enterprise Value (EV) 1 7,975 6,159 7,377 6,278 4,949 5,358 5,332 5,259
Change - -22.77% 19.77% -14.89% -21.17% 8.27% -0.5% -1.37%
P/E 23.2x 20.1x 17.8x 16.3x 13.4x 13.1x 11.7x 10.1x
PBR 4.25x 3.09x 3.27x 2.64x 2.02x 2.05x 1.85x 1.72x
PEG - -2.15x 0.5x -3.75x -11.79x 0.9x 1x 0.7x
Capitalization / Revenue 4.76x 3.33x 3.31x 2.82x 2.01x 2.05x 1.95x 1.86x
EV / Revenue 4.61x 3.21x 3.21x 2.71x 1.95x 1.99x 1.89x 1.77x
EV / EBITDA 15.7x 13.2x 12.5x 11.1x 8.3x 8.72x 8.09x 7.34x
EV / EBIT 19.5x 16.6x 14.9x 13.4x 10.1x 10.6x 9.84x 8.88x
EV / FCF 27.2x 32.1x 20.9x 17.8x 10.8x 13.3x 12.6x 12.4x
FCF Yield 3.68% 3.11% 4.79% 5.63% 9.25% 7.52% 7.96% 8.07%
Dividend per Share 2 0.48 0.48 0.48 0.48 0.48 0.48 0.488 0.5125
Rate of return 1.38% 1.76% 1.47% 1.67% 2.06% 1.85% 1.88% 1.97%
EPS 2 1.5 1.36 1.84 1.76 1.74 1.986 2.225 2.568
Distribution rate 32% 35.3% 26.1% 27.3% 27.6% 24.2% 21.9% 20%
Net sales 1 1,731 1,919 2,299 2,313 2,534 2,695 2,827 2,970
EBITDA 1 508.9 466.6 589.1 563.3 596.4 614.6 658.7 716.5
EBIT 1 409.8 370 495.7 468.6 492.3 507.4 542.1 592.1
Net income 1 360.8 318.8 428.4 404.5 384.8 418.5 451.9 491
Net Debt 1 -267.7 -237.8 -240.8 -255.6 -145.6 -167.9 -194.5 -267.3
Reference price 2 34.85 27.27 32.66 28.73 23.27 25.95 25.95 25.95
Nbr of stocks (in thousands) 236,520 234,582 233,253 227,432 218,943 212,952 - -
Announcement Date 1/28/22 1/27/23 1/26/24 1/31/25 1/30/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.69x1.59x10.66x1.81% 4.76B
26.28x - - 3.15% 4.13B
15.25x0.7x6.5x2.92% 3.25B
14.58x0.97x6.91x1.47% 2.99B
28.81x - - 0.69% 2.68B
20.95x - - 2.42% 2.55B
17.68x2.49x12.12x4.4% 2.34B
Average 20.03x 1.44x 9.05x 2.41% 3.24B
Weighted average by Cap. 19.96x 1.39x 9.06x 2.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation Gentex Corporation
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