Autoliv Inc

Consumer Discretionary
Auto Parts:O.E.M.
www.autoliv.com

Earnings Score
Moat Score
Safety Score

Market Cap $7.78B
PE 12
Debt $2.21B
Cash $415.00M
EV $9.58B
FCF $493.00M

Earnings

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Sales & Net Margins

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Earnings	$630.00M
EBIT	$863.00M
ROE	27%
ROA	10%
FCF	$493.00M
Equity	$2.30B
Growth Stability	42%
PE	12.35
PEG	0.94
PB	3.39
P/FCF	15.78
P/S	0.74
Price/Cash	0.05
Debt/Equity	0.96
Debt/FCF	4.48
Net Margins	5%
Gross Margins	18%
Op. Margins	8%
Earnings CAGR	1%
Sales Growth YoY	-2%
Sales Growth QoQ	-2%
Sales CAGR	-0%
FCF CAGR	1%
Equity CAGR	-5%
Earnings Stability	0.01
Earnings Growth YoY	3%
Earnings Growth QoQ	-1%
Earnings CAGR 5Y	13%

Sales CAGR 5Y	8%
FCF CAGR 5Y	12%
Equity CAGR 5Y	3%
Earnings CAGR 3Y	12%
Sales CAGR 3Y	12%
FCF CAGR 3Y	130%
Equity CAGR 3Y	-4%
Market Cap	$7.78B
Revenue	$10.53B
Dividend Yield	3%
Payout Ratio	35%
Assets	$8.31B
Total Debt	$2.21B
Cash	$415.00M
Shares Outstanding	79.2M
EV	9.58B
Earnings Score	6%
Moat Score	90%
Safety Score	58%
Final Score	51%
Working Capital	-169M
Current Ratio	0.96
Gross Profit	$1.91B
Shares Growth 3y	-3%
Equity Growth QoQ	-1%
Equity Growth YoY	-8%

Assets & ROA

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Stockholders Equity & ROE

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Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company's largest customer at 13% of 2021 revenue, with Stellantis accounting for 11%, and Volkswagen at 10%. At 31% of 2021 revenue, the Americas was Autoliv's largest geographic region, followed by Europe at 28%, China at 22%, and Japan at 9%.

SEC Filings

Direct access to Autoliv Inc (ALV) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Autoliv Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Autoliv Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 1%

Stability 1%

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Autoliv Inc Discounted Cash Flow

Fully customizable DCF calculator online for Autoliv Inc.

Years

Calculation mode

= $5.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$493M	$497M	$502M	$506M	$511M	$515M	$520M	$524M	$529M	$534M	$538M	$5.4B
DCF		$452M	$415M	$380M	$349M	$320M	$293M	$269M	$247M	$226M	$208M	$2.1B
Value	$5.2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	5%	6%	3%	2%	5%	3%	5%	5%	5%	5%
ROA	-	10%	10%	7%	10%	11%	5%	9%	9%	8%	10%
ROE	-	13%	14%	7%	10%	22%	8%	16%	16%	19%	27%

Bad Net Margins (5.18%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	5.41	4.88	3.83	72.87	13.31	-	6.78	13.79	4.55	4.48
Debt over Equity	0.47	0.44	0.45	0.33	1.18	0.99	1	0.76	0.67	0.72	0.96
Growth Stability	-	-	-	61%	42%	100%	59%	100%	100%	100%	42%

Bad Debt/FCF ratio (4.48)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.96)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (42%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-1%	10%	3%	-16%	-2%	-13%	11%	7%	18%	8%
Earnings YoY growth	-	-2%	23%	-46%	-39%	151%	-60%	133%	-3%	15%	13%
Equity YoY growth	-	1%	13%	6%	-55%	12%	14%	9%	-1%	-2%	3%
FCF YoY growth	-	11%	27%	-2%	-91%	414%	221%	-41%	-57%	220%	12%