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Aptiv PLC APTV

Morningstar Rating
$78.49 −0.56 (0.71%)
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Company Report

Aptiv Has High Growth Potential From Vehicle Electrification, Digitization, and Advanced Safety

We expect Aptiv's average yearly revenue growth to exceed average annual growth in global light-vehicle demand by high-single-digit to low-double-digit percentage points. The company provides automakers with components and systems that are in high demand from consumers and that government regulation requires to be installed. Aptiv's high-growth technologies include advanced driver-assist systems, autonomous driving, connectivity, data services, and high-voltage electrical distribution systems for hybrids and battery electric vehicles.

Price vs Fair Value

APTV is trading at a 47% discount.
Price
$78.49
Fair Value
$458.00
Uncertainty
High
1-Star Price
$499.90
5-Star Price
$71.90
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Owing to product segments with better-than-industry-average growth prospects like safety, electrical architecture, electronics, and autonomous driving, we expect Aptiv's revenue to grow high-single-digit to low-double-digit percentage points in excess of the percentage change in global demand for new vehicles.

Bears

The cyclical, capital-intensive nature of the automotive industry can cause companies to experience substantial swings in profitability.

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News

Trading Information

Previous Close Price
$79.05
Day Range
$77.5678.97
52-Week Range
$71.01120.32
Bid/Ask
$78.06 / $78.98
Market Cap
$21.90 Bil
Volume/Avg
1.5 Mil / 2.7 Mil

Key Statistics

Price/Earnings (Normalized)
16.15
Price/Sales
1.11
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
1.82%

Company Profile

Aptiv’s signal and power solutions segment supplies components and systems that make up a vehicle’s electrical system, 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. In 2023, Aptiv's top 10 customers accounted for 54% of revenue, all of which were less than 10%. Historically, General Motors, Stellantis, Ford, and Volkswagen, have been the firms largest customers. North America, Europe, and Asia represented approximately 37%, 33%, and 28% of total 2023 revenue, respectively.
Sector
Consumer Cyclical
Industry
Auto Parts
Stock Style Box
Mid Core
Total Number of Employees
154,000

Competitors

Valuation

Metric
APTV
MGA
LEA
Price/Earnings (Normalized)
16.1510.8211.60
Price/Book Value
1.901.311.60
Price/Sales
1.110.360.35
Price/Cash Flow
9.925.306.68
Price/Earnings
APTV
MGA
LEA

Financial Strength

Metric
APTV
MGA
LEA
Quick Ratio
1.150.720.86
Current Ratio
1.721.111.35
Interest Coverage
5.309.478.69
Quick Ratio
APTV
MGA
LEA

Profitability

Metric
APTV
MGA
LEA
Return on Assets (Normalized)
14.60%4.91%4.91%
Return on Equity (Normalized)
33.67%13.23%14.62%
Return on Invested Capital (Normalized)
20.44%8.76%10.15%
Return on Assets
APTV
MGA
LEA
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