Aptiv Plc

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

Earnings Score
Moat Score
Safety Score

Market Cap $13.52B
PE 6
Debt $9.54B
Cash $1.05B
EV $22.01B
FCF $1.14B

Earnings

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Sales & Net Margins

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Earnings	$2.42B
EBIT	$2.25B
ROE	27%
ROA	9%
FCF	$1.14B
Equity	$9.10B
Growth Stability	41%
PE	5.58
PEG	0.43
PB	1.49
P/FCF	11.83
P/S	0.69
Price/Cash	0.08
Debt/Equity	1.05
Debt/FCF	8.35
Net Margins	10%
Gross Margins	19%
Op. Margins	11%
Earnings CAGR	-2%
Sales Growth YoY	-5%
Sales Growth QoQ	-4%
Sales CAGR	5%
FCF CAGR	-4%
Equity CAGR	19%
Earnings Stability	0
Earnings Growth YoY	-78%
Earnings Growth QoQ	-61%

Earnings CAGR 5Y	13%
Sales CAGR 5Y	11%
FCF CAGR 5Y	9%
Equity CAGR 5Y	15%
Earnings CAGR 3Y	11%
Sales CAGR 3Y	11%
FCF CAGR 3Y	139%
Equity CAGR 3Y	12%
Market Cap	$13.52B
Revenue	$19.73B
Assets	$24.77B
Total Debt	$9.54B
Cash	$1.05B
Shares Outstanding	234.99M
EV	22.01B
Earnings Score	6%
Moat Score	92%
Safety Score	50%
Final Score	49%
Working Capital	2.88B
Current Ratio	1.5
Gross Profit	$3.67B
Shares Growth 3y	-2%
Equity Growth QoQ	-22%
Equity Growth YoY	-17%

Assets & ROA

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Stockholders Equity & ROE

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Aptiv's signal and power solutions segment supplies components and systems that make up a vehicle's electrical system backbone, including wiring assemblies and harnesses, connectors, electrical centers, and hybrid electrical systems. The advanced safety and user experience segment provides body controls, infotainment and connectivity systems, passive and active safety electronics, advanced driver-assist technologies, and displays, as well as the development of software for these systems. Aptiv's largest customer is General Motors at roughly 12% of 2021 revenue, including sales to GM's Shanghai joint venture, followed by Stellantis at 11%, and Volkswagen at 9%. North America and Europe represented approximately 38% and 33% of total 2019 revenue, respectively.

SEC Filings

Direct access to Aptiv Plc (APTV) 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 Aptiv Plc compare to its competitors?

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Peter Lynch's Chart

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

CAGR -2%

Stability 0%

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Aptiv Plc Discounted Cash Flow

Fully customizable DCF calculator online for Aptiv Plc.

Years

Calculation mode

= $8.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.1B	$1.1B	$1.1B	$1B	$971M	$932M	$895M	$859M	$825M	$792M	$761M	$7.6B
DCF		$998M	$871M	$760M	$663M	$579M	$505M	$441M	$385M	$336M	$293M	$2.9B
Value	$8.8B

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	8%	10%	10%	11%	7%	7%	14%	3%	3%	15%	10%
ROA	-	14%	16%	12%	12%	10%	12%	7%	6%	7%	9%
ROE	-	53%	45%	39%	29%	25%	22%	6%	6%	25%	27%

Good Net Margins (10.26%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce 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	-	4.01	3.57	5.39	5.47	5.18	4.95	6.66	15.78	6.37	8.35
Debt over Equity	0.81	1.47	1.44	1.18	1.18	1.09	0.51	0.48	0.73	0.54	1.05
Growth Stability	-	-	-	100%	79%	81%	100%	41%	48%	100%	41%

Bad Debt/FCF ratio (8.35)

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

Neutral Debt/Equity ratio (1.05)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (41%)

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	-	-11%	-19%	5%	12%	-1%	-9%	20%	12%	15%	11%
Earnings YoY growth	-	7%	-13%	8%	-21%	-7%	79%	-70%	1%	448%	13%
Equity YoY growth	-	-9%	1%	27%	4%	9%	102%	6%	5%	31%	15%
FCF YoY growth	-	-22%	11%	-31%	3%	6%	-2%	-26%	-31%	136%	9%