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 5,473 - -
Change - -22.39% 19.09% -14.23% -22.03% 7.42% - -
Enterprise Value (EV) 1 7,975 6,159 7,377 6,278 4,949 5,305 5,278 5,206
Change - -22.77% 19.77% -14.89% -21.17% 7.19% -0.5% -1.38%
P/E Ratio 23.2x 20.1x 17.8x 16.3x 13.4x 12.9x 11.6x 10x
PBR 4.25x 3.09x 3.27x 2.64x 2.02x 2.03x 1.83x 1.7x
PEG - -2.15x 0.5x -3.75x -11.79x 0.9x 1x 0.6x
Capitalization / Revenue 4.76x 3.33x 3.31x 2.82x 2.01x 2.03x 1.94x 1.84x
EV / Revenue 4.61x 3.21x 3.21x 2.71x 1.95x 1.97x 1.87x 1.75x
EV / EBITDA 15.7x 13.2x 12.5x 11.1x 8.3x 8.63x 8.01x 7.27x
EV / EBIT 19.5x 16.6x 14.9x 13.4x 10.1x 10.5x 9.74x 8.79x
EV / FCF 27.2x 32.1x 20.9x 17.8x 10.8x 13.2x 12.4x 12.3x
FCF Yield 3.68% 3.11% 4.79% 5.63% 9.25% 7.59% 8.04% 8.15%
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% 1.87% 1.9% 1.99%
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 25.70 25.70 25.70
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.94x1.97x8.63x1.87% 5.47B
17.53x1.67x11.19x1.73% 4.99B
26.08x - - 3.18% 4.09B
15.58x0.72x6.66x2.86% 3.32B
14.99x0.99x7.05x1.45% 3.03B
21.28x - - 2.39% 2.59B
26.05x - - 0.77% 2.42B
17.69x2.5x12.14x4.39% 2.35B
Average 19.02x 1.57x 9.13x 2.33% 3.53B
Weighted average by Cap. 18.46x 1.58x 9.14x 2.27%

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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