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 5,185 - -
Change - -22.39% 19.09% -14.23% -22.03% 1.78% - -
Enterprise Value (EV) 1 7,975 6,159 7,377 6,278 4,949 4,935 4,895 4,838
Change - -22.77% 19.77% -14.89% -21.17% -0.29% -0.81% -1.16%
P/E 23.2x 20.1x 17.8x 16.3x 13.4x 12.2x 10.9x 9.54x
PBR 4.25x 3.09x 3.27x 2.64x 2.02x 1.92x 1.73x 1.62x
PEG - -2.15x 0.5x -3.75x -11.79x 0.9x 0.9x 0.7x
Capitalization / Revenue 4.76x 3.33x 3.31x 2.82x 2.01x 1.93x 1.83x 1.74x
EV / Revenue 4.61x 3.21x 3.21x 2.71x 1.95x 1.83x 1.73x 1.62x
EV / EBITDA 15.7x 13.2x 12.5x 11.1x 8.3x 8.05x 7.44x 6.77x
EV / EBIT 19.5x 16.6x 14.9x 13.4x 10.1x 9.7x 8.97x 8.19x
EV / FCF 27.2x 32.1x 20.9x 17.8x 10.8x 12.2x 11.6x 11.5x
FCF Yield 3.68% 3.11% 4.79% 5.63% 9.25% 8.17% 8.64% 8.68%
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% 1.97% 2% 2.1%
EPS 2 1.5 1.36 1.84 1.76 1.74 1.989 2.231 2.553
Distribution rate 32% 35.3% 26.1% 27.3% 27.6% 24.1% 21.9% 20.1%
Net sales 1 1,731 1,919 2,299 2,313 2,534 2,692 2,826 2,985
EBITDA 1 508.9 466.6 589.1 563.3 596.4 613.2 657.8 714.9
EBIT 1 409.8 370 495.7 468.6 492.3 508.6 545.7 590.5
Net income 1 360.8 318.8 428.4 404.5 384.8 418 452.2 488.4
Net Debt 1 -267.7 -237.8 -240.8 -255.6 -145.6 -250.5 -290.3 -347.1
Reference price 2 34.85 27.27 32.66 28.73 23.27 24.35 24.35 24.35
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.($)
12.74x1.18x7.96x2.4% 3.63B
21.01x - - 3.94% 3.3B
14.43x0.97x6.85x1.49% 2.97B
10.9x0.47x4.41x4.08% 2.31B
18.97x2.63x12.87x4.1% 2.48B
18.37x - - 2.76% 2.23B
20.31x - - 0.98% 1.91B
Average 16.68x 1.31x 8.02x 2.82% 2.69B
Weighted average by Cap. 16.48x 1.30x 8.02x 2.86%

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