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 4,875 - -
Change - -22.39% 19.09% -14.23% -22.03% -4.31% - -
Enterprise Value (EV) 1 7,975 6,159 7,377 6,278 4,949 4,661 4,588 4,498
Change - -22.77% 19.77% -14.89% -21.17% -5.83% -1.56% -1.97%
P/E 23.2x 20.1x 17.8x 16.3x 13.4x 11.1x 10.3x 9.03x
PBR 4.25x 3.09x 3.27x 2.64x 2.02x 1.83x 1.65x 1.54x
PEG - -2.15x 0.5x -3.75x -11.79x 0.6x 1.2x 0.7x
Capitalization / Revenue 4.76x 3.33x 3.31x 2.82x 2.01x 1.83x 1.74x 1.65x
EV / Revenue 4.61x 3.21x 3.21x 2.71x 1.95x 1.75x 1.63x 1.52x
EV / EBITDA 15.7x 13.2x 12.5x 11.1x 8.3x 7.38x 7.02x 6.44x
EV / EBIT 19.5x 16.6x 14.9x 13.4x 10.1x 8.84x 8.45x 7.75x
EV / FCF 27.2x 32.1x 20.9x 17.8x 10.8x 9.47x 10.6x 9.92x
FCF Yield 3.68% 3.11% 4.79% 5.63% 9.25% 10.6% 9.45% 10.1%
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% 2.07% 2.11% 2.19%
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 23.14 23.14 23.14
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.($)
11.14x1.75x7.38x2.07% 4.88B
21.9x - - 3.78% 3.47B
13.99x1.09x8x2.48% 3.22B
13.83x0.88x6.33x1.71% 2.53B
18.08x2.49x12.15x4.35% 2.34B
10.55x0.45x4.19x4.22% 2.24B
17.32x - - 1.4% 2.16B
Average 15.26x 1.33x 7.61x 2.86% 2.98B
Weighted average by Cap. 15.05x 1.38x 7.60x 2.79%

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