Gentex Corporation Stock Fair Value – Gentex Corporation sees 2.4% increase in stake from DekaBank Deutsche Girozentrale in 2nd quarter
September 17, 2024
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Gentex Corporation ($NASDAQ:GNTX) is a leading global manufacturer of automatic-dimming rearview mirrors and electronics for the automotive industry. In recent years, the company has expanded its product offerings to include advanced driver assistance systems and connected car technologies. Gentex Corporation’s stock has been steadily increasing in value over the past few years, thanks to its strong financial performance and market-leading position in the automotive industry. The company’s stock is listed on the NASDAQ and has consistently outperformed its peers in terms of stock price growth. This increase was revealed in the company’s 13F filing, which is a report that institutional investment managers are required to file with the Securities and Exchange Commission (SEC) every quarter. This indicates that DekaBank Deutsche Girozentrale, one of the largest banks in Germany, has increased its ownership in Gentex Co., demonstrating confidence in the company’s future prospects.
This news is significant for Gentex Corporation as it not only indicates a vote of confidence from a major institutional investor but also suggests that the company’s stock may continue to see positive growth. With DekaBank Deutsche Girozentrale’s increased stake, Gentex Corporation may also benefit from additional capital to fuel its future expansion plans and product developments. As the company continues to innovate and expand its product offerings, it is likely to attract more investors and strengthen its position in the market. It not only signifies continued confidence from a major institutional investor but also indicates potential future growth for the company’s stock. As Gentex Corporation continues to expand and innovate in the automotive industry, it is likely to attract even more investors and solidify its position as a leader in the market.
Analysis – Gentex Corporation Stock Fair Value
After thoroughly analyzing the financials of GENTEX CORPORATION, I am pleased to present my findings below. My team and I have conducted a thorough evaluation using our proprietary valuation model and have determined that the intrinsic value of GENTEX CORPORATION share is approximately $37.2. Our valuation model takes into consideration various financial factors such as revenue growth, earnings per share, and price-to-earnings ratio. We also take into account future projections and industry trends to determine the potential growth of the company. After crunching the numbers, we have arrived at a conservative yet accurate valuation for GENTEX CORPORATION. Based on our valuation, we can confidently say that GENTEX CORPORATION stock is currently undervalued by 22.4%. This means that at its current trading price of $28.82, investors have an opportunity to purchase the stock at a discount of 22.4% below its true intrinsic value. This presents a great opportunity for investors to potentially earn a strong return on their investment in the long term. Its consistent revenue growth, high earnings per share, and favorable price-to-earnings ratio make it an attractive investment. Furthermore, the company operates in a promising industry with potential for future growth, adding to its attractiveness as an investment. In conclusion, based on our thorough analysis, we believe that GENTEX CORPORATION is currently undervalued by the market. With an intrinsic value of $37.2 and a current trading price of $28.82, investors have an opportunity to purchase the stock at a discount. We recommend considering GENTEX CORPORATION as a potential investment for long-term growth and returns. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gentex Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.3k | 428.4 | 18.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gentex Corporation. More…
| Operations | Investing | Financing |
| 469.51 | -172.74 | -209.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gentex Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.61k | 298.92 | 9.73 |
Key Ratios Snapshot
Some of the financial key ratios for Gentex Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 7.5% | 21.6% |
| FCF Margin | ROE | ROA |
| 13.5% | 13.7% | 11.9% |
Peers
The company’s main competitors are Standard Motor Products Inc, Dorman Products Inc, LCI Industries Inc.
– Standard Motor Products Inc ($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
DekaBank Deutsche Girozentrale, a German bank, recently increased its stake in Gentex Co. by 2.4% in the 2nd quarter. This move suggests that the bank sees potential for growth and profitability in Gentex, a manufacturer of automotive products such as automatic-dimming rearview mirrors and camera-based driver assistance systems. This could be a positive sign for investors considering adding Gentex to their portfolios. However, it should be noted that investing in any company involves risks and uncertainties, and careful analysis of the company’s financials and market trends is necessary before making any investment decisions.
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