GENTEX CORP. DL-,06
stock DE:GTX (FRANKFURT)

Alternative ID: US3719011096

Watch List

Exchange: FRANKFURT
Sector: Consumer Goods
Industry: Auto Parts
Market Cap: Mid (6.31B)
Data in EUR

EPS: 1.25
Current PE: 5.68
BVPS: 7.03
Price/BVPS: 1.04
Dividend: 0.48 / 1.9%

Hist Grade: F (11.26)
YOY Grade: D (36.28)
Debt/FCF: 0.00
ROIC: 18.2%
PEG: 0.36
PEGY: 0.32

Value Price: 13.69
MOS Price: 6.84
MOS %: 87.2%
Graham Number: 14.08
Graham MOS %: 92.6%
IRT: 4.38

Market Price

7.31

-0.13 -1.8%

as of Mar 30 '23

52 Week Range:

6.63 29.20

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: FRANKFURT
Sector: Consumer Goods
Industry: Auto Parts
Market Cap: Mid (6.31B)
Inst. Ownership: 90.36%
Insider Ownership: 0.21%
Full Time Employees: 4998

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers. It also provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling alarms, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential buildings, as well as researches and develops nanofiber chemical sensing products. The company sells its fire protection products directly, as well as through sales managers and manufacturer representative organizations to fire protection and security product distributors, electrical wholesale houses, and original equipment manufacturers of fire protection systems. Gentex Corporation was incorporated in 1974 and is headquartered in Zeeland, Michigan.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Equity (BVPS)	2.64	2.88	3.14	4.17	5.25	6.10	6.06	6.22	6.84	6.35	7.03
growth rate		9.1%	9.0%	32.8%	25.9%	16.2%	-0.7%	2.6%	10.0%	-7.2%	10.7%
Earnings BIT				398.83	458.77	511.74	523.36	508.13	488.54	399.56	409.78
growth rate					15.0%	11.6%	2.3%	-2.9%	-3.9%	-18.2%	2.6%
Avg.PE					16.18	16.85	13.40	10.71	17.08	20.46	17.43
growth rate						4.1%	-20.5%	-20.1%	59.5%	19.8%	-14.8%
ROA	15.12	13.81	14.72	15.24	15.27	15.59	17.45	19.74	19.97	15.69	16.41
growth rate		-8.7%	6.6%	3.5%	0.2%	2.1%	11.9%	13.1%	1.2%	-21.4%	4.6%
ROE	17.15	15.70	18.21	19.91	19.34	19.14	20.55	22.39	22.35	17.56	18.21
growth rate		-8.5%	16.0%	9.3%	-2.9%	-1.0%	7.4%	9.0%	-0.2%	-21.4%	3.7%
ROIC	17.15	15.70	14.89	16.79	16.79	17.16	20.11	22.39	22.35	17.56	18.21
growth rate		-8.5%	-5.2%	12.8%	0.0%	2.2%	17.2%	11.3%	-0.2%	-21.4%	3.7%
Cur. Ratio	7.47	8.47	5.01	6.42	7.51	7.71	4.86	5.03	5.53	5.51	4.81
growth rate		13.4%	-40.9%	28.1%	17.0%	2.7%	-37.0%	3.5%	9.9%	-0.4%	-12.7%
Quick Ratio	5.26	6.37	3.77	4.99	5.74	6.24	3.91	3.55	3.91	4.14	2.85
growth rate		21.1%	-40.8%	32.4%	15.0%	8.7%	-37.3%	-9.2%	10.1%	5.9%	-31.2%
Leverage	1.15	1.13	1.33	1.29	1.25	1.21	1.15	1.12	1.11	1.12	1.10
growth rate		-1.7%	17.7%	-3.0%	-3.1%	-3.2%	-5.0%	-2.6%	-0.9%	0.9%	-1.8%
Balance Sheet	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Acct.Receivable				168.01	195.97	211.59	231.12	213.54	235.41	284.93	249.79
growth rate					16.6%	8.0%	9.2%	-7.6%	10.2%	21.0%	-12.3%
Acct.Payable				71.46	66.35	79.96	89.90	92.81	97.55	84.78	98.34
growth rate					-7.1%	20.5%	12.4%	3.2%	5.1%	-13.1%	16.0%
Cur.Assets				856.64	984.01	1,154.99	1,184.56	850.93	950.38	979.33	872.98
growth rate					14.9%	17.4%	2.6%	-28.2%	11.7%	3.1%	-10.9%
Total Assets				2,022.54	2,148.67	2,309.62	2,352.05	2,085.43	2,168.80	2,197.94	2,131.39
growth rate					6.2%	7.5%	1.8%	-11.3%	4.0%	1.3%	-3.0%
Cash				497.43	551.56	546.48	569.73	217.03	296.32	423.37	262.31
growth rate					10.9%	-0.9%	4.3%	-61.9%	36.5%	42.9%	-38.0%
Inventory				141.76	174.70	189.31	216.77	225.28	248.94	226.29	316.27
growth rate					23.2%	8.4%	14.5%	3.9%	10.5%	-9.1%	39.8%
Cur.Liabilities				133.43	131.01	149.86	243.65	169.16	171.85	177.74	181.66
growth rate					-1.8%	14.4%	62.6%	-30.6%	1.6%	3.4%	2.2%
Liabilities				451.13	426.16	399.20	302.54	223.68	230.72	234.00	193.40
growth rate					-5.5%	-6.3%	-24.2%	-26.1%	3.1%	1.4%	-17.4%
LT Debt				258.13	225.63	178.13
growth rate					-12.6%	-21.1%
Equity				1,571.41	1,722.52	1,910.42	2,049.52	1,861.75	1,938.09	1,963.94	1,937.99
growth rate					9.6%	10.9%	7.3%	-9.2%	4.1%	1.3%	-1.3%
Common Shares	289.00	288.00	289.00	294.00	296.00	291.00	288.00	15.56	15.08	14.62	14.19
growth rate		-0.4%	0.4%	1.7%	0.7%	-1.7%	-1.0%	-94.6%	-3.1%	-3.0%	-3.0%
Cash Flow Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Capital Expenditures				72.52	97.94	120.96	104.04	85.99	84.58	51.71	68.84
growth rate					35.1%	23.5%	-14.0%	-17.4%	-1.6%	-38.9%	33.1%
Cash Dividends				87.63	96.99	101.13	108.82	116.57	116.31	117.18	115.29
growth rate					10.7%	4.3%	7.6%	7.1%	-0.2%	0.8%	-1.6%
Cash From OA				327.22	354.42	477.05	501.00	552.42	505.97	464.49	362.17
growth rate					8.3%	34.6%	5.0%	10.3%	-8.4%	-8.2%	-22.0%
FCF per Share	0.16	0.16	0.63	0.71	0.92	0.95	1.02	1.46	1.61	1.29	1.39
growth rate		0.0%	293.8%	12.7%	29.6%	3.3%	7.4%	43.1%	10.3%	-19.9%	7.8%
Sale Purchase of Stock				59.97	30.17	81.31	47.77
growth rate					-49.7%	169.5%	-41.3%
FCF	21.00	140.00	262.00	255.00	254.00	351.00	397.00	466.00	421.00	413.00	293.00
growth rate		566.7%	87.1%	-2.7%	-0.4%	38.2%	13.1%	17.4%	-9.7%	-1.9%	-29.1%
Income Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Sales				1,375.50	1,543.62	1,678.92	1,794.87	1,834.06	1,858.90	1,688.19	1,731.17
growth rate					12.2%	8.8%	6.9%	2.2%	1.4%	-9.2%	2.6%
Op.Income				398.83	458.77	511.74	523.36	508.13	488.54	399.56	409.78
growth rate					15.0%	11.6%	2.3%	-2.9%	-3.9%	-18.2%	2.6%
IBT				415.33	463.59	510.56	531.80	522.05	500.42	411.81	416.35
growth rate					11.6%	10.1%	4.2%	-1.8%	-4.1%	-17.7%	1.1%
Net Income				288.60	318.47	347.59	406.79	437.88	424.68	347.56	360.80
growth rate					10.4%	9.1%	17.0%	7.6%	-3.0%	-18.2%	3.8%
EPS	0.57	0.59	0.77	0.98	1.08	1.19	1.41	1.62	1.66	1.41	1.50
growth rate		3.5%	30.5%	27.3%	10.2%	10.2%	18.5%	14.9%	2.5%	-15.1%	6.4%
Gross Profit				538.89	603.78	668.45	694.53	690.47	688.31	605.44	619.71
growth rate					12.0%	10.7%	3.9%	-0.6%	-0.3%	-12.0%	2.4%
R&D				84.18	88.39	94.24	99.73	107.13	114.69	115.94	117.76
growth rate					5.0%	6.6%	5.8%	7.4%	7.1%	1.1%	1.6%

Quarterly Statements

Item Name	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Earnings BIT	99.92	88.16	87.58	103.31	85.79
growth rate		-11.8%	-0.7%	18.0%	-17.0%
Balance Sheet	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Acct.Receivable	234.15	241.23	249.79	281.46	274.40
growth rate		3.0%	3.6%	12.7%	-2.5%
Acct.Payable	101.26	100.53	98.34	140.89	186.62
growth rate		-0.7%	-2.2%	43.3%	32.5%
Cur.Assets	924.58	874.71	872.98	955.53	991.89
growth rate		-5.4%	-0.2%	9.5%	3.8%
Total Assets	2,166.80	2,116.43	2,131.39	2,180.38	2,284.45
growth rate		-2.3%	0.7%	2.3%	4.8%
Cash	353.03	269.97	262.31	279.71	269.37
growth rate		-23.5%	-2.8%	6.6%	-3.7%
Inventory	263.90	292.60	316.27	362.74	392.58
growth rate		10.9%	8.1%	14.7%	8.2%
Cur.Liabilities	196.40	192.44	181.66	239.22	286.17
growth rate		-2.0%	-5.6%	31.7%	19.6%
Liabilities	250.48	228.80	193.40	251.41	297.88
growth rate		-8.7%	-15.5%	30.0%	18.5%
LT Debt
growth rate
Equity	1,916.32	1,887.63	1,937.99	1,928.97	1,986.57
growth rate		-1.5%	2.7%	-0.5%	3.0%
Common Shares	14.34	14.19	14.19	1,928.97	14.11
growth rate		-1.0%	0.0%	13,497.3%	-99.3%
Cash Flow Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Capital Expenditures	18.75	13.01	24.48	23.89	34.11
growth rate		-30.7%	88.2%	-2.4%	42.8%
Cash Dividends	28.98	28.67	28.38	28.59	28.14
growth rate		-1.1%	-1.0%	0.7%	-1.6%
Cash From OA	61.39	47.14	62.79	115.96	73.30
growth rate		-23.2%	33.2%	84.7%	-36.8%
Sale Purchase of Stock
growth rate
FCF	42.64	34.13	38.31	92.07	39.20
growth rate		-20.0%	12.2%	140.3%	-57.4%
Income Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Sales	428.01	399.60	419.84	468.25	463.42
growth rate		-6.6%	5.1%	11.5%	-1.0%
Op.Income	99.92	88.16	87.58	103.31	85.79
growth rate		-11.8%	-0.7%	18.0%	-17.0%
IBT	101.82	89.89	89.38	103.30	84.81
growth rate		-11.7%	-0.6%	15.6%	-17.9%
Net Income	86.51	76.66	84.18	87.53	72.40
growth rate		-11.4%	9.8%	4.0%	-17.3%
Gross Profit	151.60	140.90	143.91	160.41	148.37
growth rate		-7.1%	2.1%	11.5%	-7.5%
R&D	29.06	29.75	31.30	31.98	32.86
growth rate		2.4%	5.2%	2.2%	2.8%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

F (11.26)

YOY Growth Grade:

D (36.28)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield: 1.9%
Beta: 0.90
Beta of 0.8990 suggests that the asset is less volatile than the rest of the market.
PE: 5.68
EY: 17.6%
PEG: 0.36
PEG Ratio of 0.36 suggests that stock is underpriced.
PEGY: 0.32
PEGY Ratio of 0.32 suggests that stock is underpriced.
Price/BVPS: 1.04

Profitability Ratios

ROE: 18.2%
Return on Equity (ROE) of 18.2% suggests that a company is doing well.
ROS: 23.7%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: 19.5%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: 21.5%
Return on Investment (ROI) of 21.5% suggests that a company is doing well.
ROIC: 18.2%
Return on Invested Capital (ROIC) of 18.2% suggests that a company is doing well.

Liquidity Ratios

Current Ratio: 4.81
Current Ratio of 4.81 suggests that money that could be working for the business is tied up in government securities, cash savings or other safe funds.
Quick Ratio: 2.82
Quick Ratio of 2.82 suggests that a company is doing well.
Cash Turnover: 2.50
Turnover Of Cash Ratio of 2.50 suggests that a company may have funds tied up in short-term low-yielding assets or may have a cash surplus, which is not invested in the business.
Equity Ratio: 90.9%
Equity Ratio of 90.9% suggests that a large percent of the company's assets financed by shareholder equity, which is good.
Debt/Equity: 10.0%
Debt to Equity Ratio of 10.0% suggests that a company is doing well.
Debt/FCF: 0.00
Debt/FCF of 0.00 suggests that a company is doing well and can pay off its long term debt within three years.

Efficiency Ratios

Avg Collection Period: 52.67
Average Collection Period of 52.67 days suggests that a company is doing well.
Inventory Turnover: 3.51
Inventory Turnover Ratio of 3.51 suggests a large inventory, a never-out-of-stock situation, perhaps some obsolete items, or it could indicate poor liquidity and possible overstocking of items.
Cash Flow Ratio: 5.76
Cash Flow Ratio of 5.76 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.
Profit Margin: 20.8%

Value Price

PE and EPS

	Historical	Current	Forward
PE	20.75	5.83	12.04
EPS / Growth	12.9%	1.25	15.8%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 0.6%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	0.6%	9.8%	9.8%
Future PE	1.12	17.43	17.43
Future EPS	1.33	3.18	3.18
Value Price MOS %	0.37 -95.0%	13.69 87.2%	13.69 87.2%
MOS Price	0.18	6.84	6.84
IRT	5.72	4.48	4.48

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 14.08
Graham MOS: 92.6%

Price Chart

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