On August 1 2023, LEAR CORPORATION ($NYSE:LEA) released its earnings results for Q2 of FY2023, revealing total revenue of USD 5999.2 million – an 18.3% year-over-year increase. Net income was reported at an impressive 146.3% rose compared to the same quarter the year before, coming in at USD 168.7 million.
GoodWhale has conducted an analysis of LEAR CORPORATION‘s wellbeing and the results are impressive. Based on the Star Chart, LEAR CORPORATION has a high health score of 9/10, which suggests that it is capable of safely navigating through any crisis without the risk of bankruptcy, considering its cashflows and debt. Furthermore, LEAR CORPORATION is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. This makes it an attractive investment for certain types of investors who are looking for a potential quick return, but also require a degree of stability. In terms of specific metrics, LEAR CORPORATION looks strong in terms of assets and dividends, and medium in terms of growth and profitability. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Lear Corporation. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lear Corporation. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lear Corporation. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Lear Corporation are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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In the automotive industry, suppliers of parts and systems are constantly vying for business from the major carmakers. Two of the biggest players in this space are Lear Corporation and Ningbo Joyson Electronic Corporation. Both companies are based in China and have a long history of supplying carmakers with everything from seats and electrical systems to instrument panels and body control modules. While Lear is the bigger company, with annual sales of around $19 billion, Ningbo Joyson is no slouch, with sales of $7.4 billion. The two companies are constantly jockeying for position in the market, with each trying to undercut the other on price while also offering better quality and more innovative products. The competition between these two companies is fierce, but it is also healthy, as it helps to keep both companies on their toes and provides carmakers with a choice of two very competent suppliers.
– Ningbo Joyson Electronic Corp ($SHSE:600699)
Ningbo Joyson Electronic Corp is a Chinese multinational automotive electronic components company headquartered in Ningbo, Zhejiang. The company has a market cap of 21.55B as of 2022 and a Return on Equity of -18.07%. The company manufactures and supplies automotive electronic components and systems for vehicles worldwide. Its products include airbags, seatbelts, steering wheels, instrument panels, door modules, and other safety-related products.
Denso Corp is a Japanese company that manufactures automotive components and systems. It has a market cap of 5.37 trillion as of 2022 and a return on equity of 5.0%. The company produces a wide range of products including engine components, electrical components, and air conditioning systems. It also provides services such as engineering, design, and testing. Denso is a leading supplier of components to the automotive industry.
Aptiv PLC is a global technology company that develops safer, greener and more connected solutions that enable the future of mobility. The company has a market cap of 22.94B as of 2022 and a Return on Equity of 4.8%. Aptiv’s products are used in a variety of vehicles, including cars, trucks, buses and trains. The company’s products are designed to make vehicles safer, more efficient and more connected.
Investors in Lear Corporation have reason to be optimistic as the company reported strong earnings results for FY2023 Q2. Total revenue increased 18.3% year-over-year to USD 5999.2 million, while net income grew 146.3% to USD 168.7 million. This marks a significant improvement of Lear’s profitability relative to the same quarter in the prior year. With such strong performance, investors may want to continue to monitor this company for signs of further growth.