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.
Auto-dimming technology has applications to other parts of the car, like headlights, as well as airplane windows and healthcare. Although small now, markets outside the auto industry could be very large businesses down the road.
Cameras could replace Gentex's mirrors, if regulators throughout the world allowed it. We don't think this is a likely threat, at least not anytime in the near future in very large volume.
|
Metric
|
GNTX
|
ADNT
|
6902
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.89 | 11.18 | 12.13 |
Price/Book Value | 2.04 | 0.91 | 0.98 |
Price/Sales | 1.95 | 0.11 | 1.41 |
Price/Cash Flow | 9.48 | 3.50 | 6.71 |
|
Metric
|
GNTX
|
ADNT
|
6902
|
|---|---|---|---|
Quick Ratio | 1.34 | 0.74 | 1.33 |
Current Ratio | 2.72 | 1.10 | 2.09 |
Interest Coverage | — | 2.07 | 106.57 |
|
Metric
|
GNTX
|
ADNT
|
6902
|
|---|---|---|---|
Return on Assets (Normalized) | 15.42% | 2.38% | 5.00% |
Return on Equity (Normalized) | 17.99% | 12.14% | 8.11% |
Return on Invested Capital (Normalized) | 17.95% | 8.21% | 1.74% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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ORLY
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AZO
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| Sumitomo Electric Industries Ltd
SMTOF
| — | LOCK|<@ | $45B | |||
| Sumitomo Electric Industries Ltd ADR
SMTOY
| — | LOCK|v$z | $45B | |||
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MGA
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BWA
| LOCK|wQg!Wk% | LOCK|y%#yj | $13B | |||
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AUR
| LOCK|Z<p!&?^ | LOCK|hL! | $12B | |||
| Allison Transmission Holdings Inc
ALSN
| LOCK|K>!S&jV | LOCK|SP^hD | $10B | |||
| Adient PLC
ADNT
| LOCK|%&p<%N | LOCK|$@?x | $2B |
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United States