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Sensata Technologies Holding PLC ST

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Morningstar’s Analysis

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5-Star Price

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Economic Moat

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Capital Allocation

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Sensata Breaks Sales Record for Second Straight Quarter; Shares Undervalued

Analyst Note

| William Kerwin |

Narrow-moat Sensata surpassed the top end of its guidance in its second quarter and expects moderation in the second half of 2021. We’re maintaining our $75 fair value estimate and continue to think the market is overlooking the firm’s tremendous growth opportunities in electrified vehicles. Sensata has overshot its long-term targets for outperforming its underlying markets since 2018, and we expect this to continue as an electrifying global vehicle fleet embeds more sensor content. With shares trading at a 38% discount to our fair value estimate, we think Sensata is an attractive investment into electrification and connectivity trends.

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Company Profile

Business Description

Sensata Technologies is a leading supplier of sensors for transportation and industrial applications. Sensata sells a bevy of pressure, temperature, force, and position sensors into the automotive, heavy vehicle, industrial, heating, ventilation, and cooling (HVAC), and aerospace markets. The majority of the firm’s revenue comes from the automotive market, where it holds the largest market share for tire pressure monitoring systems.

Contact
529 Pleasant Street
Attleboro, MA, 02703
T +1 508 236-3800
Sector Technology
Industry Scientific & Technical Instruments
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 19,200

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