Gentex Corporation Intrinsic Stock Value – GENTEX CORPORATION Reports Impressive Q2 Revenue and Net Income of USD 583.5 Million and USD 109.2 Million Respectively

☀️Earnings Overview

GENTEX CORPORATION ($NASDAQ:GNTX) reported a total revenue of USD 583.5 million and net income of USD 109.2 million for the second quarter of FY2023, ending June 30 2023, signifying a 25.9% rise in revenue and a formidable 50.8% surge in net income from the same period in the preceding year.

Price History

The company announced that their total revenue for the quarter was USD 583.5 million, representing a 3.6% increase from the previous quarter. Similarly, their net income was also up by 3.6%, amounting to USD 109.2 million. These results were reflected in their stock performance as the stock opened at $32.9 and closed at the same price – up by 3.6% from its previous closing price of 31.8. With their strong financials and stock performance, investors are likely to remain bullish on GENTEX CORPORATION as it moves forward. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Gentex Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Gentex Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Gentex Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Gentex Corporation are shown below. More…

Analysis – Gentex Corporation Intrinsic Stock Value

At GoodWhale, we have conducted a detailed analysis of GENTEX CORPORATION‘s financials. Using our proprietary Valuation Line, we have calculated the intrinsic value of GENTEX CORPORATION shares to be at $30.2. Currently, GENTEX CORPORATION stock is traded at $32.9, demonstrating that the stock is slightly overvalued by 8.9%. Thus, investors should be cautious when making their decisions and do further research in order to make the best possible investment. More…

Peers

The company’s main competitors are Standard Motor Products Inc, Dorman Products Inc, LCI Industries Inc.

– Standard Motor Products Inc ($NYSE:SMP)

As of 2022, Standard Motor Products Inc has a market cap of 764.51M and a ROE of 12.67%. The company manufactures and distributes automotive parts and accessories.

– Dorman Products Inc ($NASDAQ:DORM)

Dorman Products Inc is a leading supplier of automotive replacement parts, including brake parts, engine parts, and suspension parts. The company has a market cap of 2.73B as of 2022 and a Return on Equity of 14.77%. Dorman’s products are sold through a variety of channels, including mass retailers, warehouse clubs, and automotive aftermarket distributors. The company has a strong presence in the United States and also operates in Canada, Mexico, and Europe.

– LCI Industries Inc ($NYSE:LCII)

LCI Industries, through its subsidiaries, manufactures and sells components and systems to the recreational vehicle, marine, commercial, and industrial markets. It operates through two segments, Original Equipment Manufacturing and Aftermarket. The company’s products include awnings, slide-out assemblies and systems, windows, doors, trim products, molded shower units, aluminum extrusions, vinyl and aluminum fencing and gates, lights, and other products. It offers its products under the Lippert Components, Kinro, Better Bath, Gladiator, RadianceLighting, Component Hardware Group, and RVupgrades brand names. LCI Industries was founded in 1955 and is headquartered in Elkhart, Indiana.

Summary

GENTEX CORPORATION has reported strong financial results for the second quarter of FY2023, with total revenue of USD 583.5 million and net income of USD 109.2 million, representing a 25.9% increase in revenue and a 50.8% increase in net income compared to the same period the previous year. This positive news was reflected in the stock price, which responded positively the same day. For investors, this indicates that GENTEX CORPORATION is a strong and reliable company with sound financial fundamentals.