Gentex Corp
GNTX: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Bn | LOCK|>?&$q | LOCK|$$bzHMc |
Gentex's New Products Will Take Time to Scale
Business Strategy and Outlook
Gentex manufactures auto-dimming interior and exterior electrochromic mirrors. These mirrors automatically darken to eliminate headlight glare for drivers and have many other applications. With about 2,600 patents worldwide, some valid through 2050, and nearly 80% market share, Gentex has a narrow economic moat that it should be able to protect for a long time, in our opinion.
