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 4,757 - -
Change - -22.39% 19.09% -14.23% -22.03% -6.63% - -
Enterprise Value (EV) 1 7,975 6,159 7,377 6,278 4,949 4,543 4,470 4,380
Change - -22.77% 19.77% -14.89% -21.17% -8.22% -1.6% -2.02%
P/E 23.2x 20.1x 17.8x 16.3x 13.4x 10.9x 10x 8.81x
PBR 4.25x 3.09x 3.27x 2.64x 2.02x 1.78x 1.61x 1.5x
PEG - -2.15x 0.5x -3.75x -11.79x 0.6x 1.16x 0.7x
Capitalization / Revenue 4.76x 3.33x 3.31x 2.82x 2.01x 1.78x 1.69x 1.61x
EV / Revenue 4.61x 3.21x 3.21x 2.71x 1.95x 1.7x 1.59x 1.48x
EV / EBITDA 15.7x 13.2x 12.5x 11.1x 8.3x 7.19x 6.84x 6.27x
EV / EBIT 19.5x 16.6x 14.9x 13.4x 10.1x 8.62x 8.24x 7.55x
EV / FCF 27.2x 32.1x 20.9x 17.8x 10.8x 9.23x 10.3x 9.66x
FCF Yield 3.68% 3.11% 4.79% 5.63% 9.25% 10.8% 9.7% 10.4%
Dividend per Share 2 0.48 0.48 0.48 0.48 0.48 0.48 0.488 0.506
Rate of return 1.38% 1.76% 1.47% 1.67% 2.06% 2.13% 2.16% 2.24%
EPS 2 1.5 1.36 1.84 1.76 1.74 2.078 2.257 2.562
Distribution rate 32% 35.3% 26.1% 27.3% 27.6% 23.1% 21.6% 19.7%
Net sales 1 1,731 1,919 2,299 2,313 2,534 2,671 2,809 2,953
EBITDA 1 508.9 466.6 589.1 563.3 596.4 631.9 653.4 698.9
EBIT 1 409.8 370 495.7 468.6 492.3 526.9 542.7 580
Net income 1 360.8 318.8 428.4 404.5 384.8 436.2 455.6 489.5
Net Debt 1 -267.7 -237.8 -240.8 -255.6 -145.6 -214.7 -287.4 -377.6
Reference price 2 34.85 27.27 32.66 28.73 23.27 22.58 22.58 22.58
Nbr of stocks (in thousands) 236,520 234,582 233,253 227,432 218,943 210,683 - -
Announcement Date 28/01/22 27/01/23 26/01/24 31/01/25 30/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.87x1.7x7.19x2.13% 4.76B
21.12x - - 4.09% 3.21B
13.15x1.05x7.64x2.53% 2.98B
21.39x - - 1.13% 2.67B
12.42x0.81x5.82x1.9% 2.27B
11.03x0.48x4.29x4.06% 2.2B
17.31x2.39x11.7x4.56% 2.15B
Average 15.33x 1.28x 7.33x 2.91% 2.89B
Weighted average by Cap. 15.09x 1.34x 7.30x 2.81%

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