Financials Aptiv PLC

Equities

APTV

JE00B783TY65

Auto, Truck & Motorcycle Parts

Market Closed - Nyse Other stock markets 04:00:02 2024-05-14 pm EDT			5-day change	1st Jan Change
82.84 ^USD	+0.12%		-0.19%	-7.67%

May. 07	RBC Adjusts Aptiv's Price Target to $101 From $100, Keeps Outperform Rating	MT
May. 07	Motional puts robotaxi deployment on back burner, to focus on technology development	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	24,245	35,182	44,621	25,234	25,378	22,538	-	-
Enterprise Value (EV) ¹	28,197	36,462	45,549	30,194	29,951	27,210	25,967	25,005
P/E ratio	24.7 x	19.6 x	85 x	47.5 x	8.64 x	18 x	12.5 x	10.1 x
Yield	0.93%	0.17%	-	-	-	-	-	-
Capitalization / Revenue	1.69 x	2.69 x	2.86 x	1.44 x	1.27 x	1.06 x	0.99 x	0.92 x
EV / Revenue	1.96 x	2.79 x	2.92 x	1.73 x	1.49 x	1.28 x	1.14 x	1.02 x
EV / EBITDA	12.4 x	22.5 x	22.8 x	13.8 x	10.7 x	8.44 x	7.13 x	6.17 x
EV / FCF	33.4 x	44 x	74.5 x	72.1 x	30.3 x	21.6 x	16.8 x	13.7 x
FCF Yield	2.99%	2.27%	1.34%	1.39%	3.31%	4.64%	5.95%	7.29%
Price to Book	6.4 x	4.46 x	5.36 x	2.87 x	-	1.88 x	1.63 x	1.43 x
Nbr of stocks (in thousands)	255,288	270,025	270,514	270,950	282,862	272,062	-	-
Reference price ²	94.97	130.3	165.0	93.13	89.72	82.84	82.84	82.84
Announcement Date	1/30/20	2/3/21	2/3/22	2/2/23	1/31/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	14,357	13,066	15,618	17,489	20,051	21,179	22,773	24,497
EBITDA ¹	2,265	1,621	2,001	2,190	2,788	3,222	3,640	4,054
EBIT ¹	1,548	867	1,230	1,585	2,127	2,482	2,815	3,120
Operating Margin	10.78%	6.64%	7.88%	9.06%	10.61%	11.72%	12.36%	12.74%
Earnings before Tax (EBT) ¹	1,126	1,954	910	990	1,337	1,863	2,313	2,784
Net income ¹	990	1,769	527	531	2,909	1,210	1,725	2,090
Net margin	6.9%	13.54%	3.37%	3.04%	14.51%	5.71%	7.58%	8.53%
EPS ²	3.850	6.660	1.940	1.960	10.39	4.594	6.647	8.201
Free Cash Flow ¹	843	829	611	419	990	1,261	1,546	1,824
FCF margin	5.87%	6.34%	3.91%	2.4%	4.94%	5.96%	6.79%	7.44%
FCF Conversion (EBITDA)	37.22%	51.14%	30.53%	19.13%	35.51%	39.14%	42.47%	44.98%
FCF Conversion (Net income)	85.15%	46.86%	115.94%	78.91%	34.03%	104.21%	89.59%	87.27%
Dividend per Share ²	0.8800	0.2200	-	-	-	-	-	-
Announcement Date	1/30/20	2/3/21	2/3/22	2/2/23	1/31/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	4,134	4,178	4,057	4,614	4,640	4,818	5,200	5,114	4,919	10,033	4,901	5,352	5,490	5,446	5,341	5,599
EBITDA ¹	461	478	365	673	674	594	695	727	772	-	720	794	838.5	875.3	826	872.4
EBIT ¹	273	324	213	525	523	437	530	560	600	1,160	544	601.4	653.7	692.1	624.6	682.5
Operating Margin	6.6%	7.75%	5.25%	11.38%	11.27%	9.07%	10.19%	10.95%	12.2%	11.56%	11.1%	11.24%	11.91%	12.71%	11.69%	12.19%
Earnings before Tax (EBT) ¹	93	174	16	432	368	280	349	397	311	-	369	436	479	538.8	498.5	559
Net income ¹	15	73	-61	286	233	146	229	1,629	905	-	218	272	330.2	393.6	404	454.5
Net margin	0.36%	1.75%	-1.5%	6.2%	5.02%	3.03%	4.4%	31.85%	18.4%	-	4.45%	5.08%	6.01%	7.23%	7.56%	8.12%
EPS ²	0.0600	0.2700	-0.2300	1.050	0.8600	0.5400	0.8400	5.760	3.220	-	0.7900	1.040	1.247	1.523	1.521	1.662
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/3/22	5/5/22	8/4/22	11/3/22	2/2/23	5/4/23	8/3/23	11/2/23	1/31/24	1/31/24	5/2/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,952	1,280	928	4,960	4,573	4,672	3,430	2,468
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.745 x	0.7896 x	0.4638 x	2.265 x	1.64 x	1.45 x	0.9423 x	0.6087 x
Free Cash Flow ¹	843	829	611	419	990	1,261	1,546	1,824
ROE (net income / shareholders' equity)	34%	9%	9.09%	11.3%	13.5%	13.9%	15.9%	15.9%
ROA (Net income/ Total Assets)	9.53%	3.39%	4.16%	4.85%	5.94%	6.57%	7.99%	9.09%
Assets ¹	10,388	52,183	12,668	10,953	48,953	18,428	21,588	22,989
Book Value Per Share ²	14.80	29.20	30.80	32.50	-	44.00	50.80	58.10
Cash Flow per Share ²	6.310	5.220	4.510	4.660	4.460	8.840	10.20	12.60
Capex ¹	781	584	611	844	906	1,045	1,102	1,191
Capex / Sales	5.44%	4.47%	3.91%	4.83%	4.52%	4.93%	4.84%	4.86%
Announcement Date	1/30/20	2/3/21	2/3/22	2/2/23	1/31/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Aptiv PLC

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

82.84 USD

Average target price

102.2 USD

Spread / Average Target

+23.40%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Auto, Truck & Motorcycle Parts

	1st Jan change	Capi.
APTIV PLC	-7.67%	22.54B
DENSO CORPORATION	+24.12%	47.61B
WEICHAI POWER CO., LTD.	+27.61%	20.49B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+36.72%	17.99B
HYUNDAI MOBIS CO.,LTD	-5.27%	14.81B
MAGNA INTERNATIONAL INC.	-17.12%	13.66B
CONTINENTAL AG	-18.46%	13.44B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+31.30%	11.71B
BOSCH LIMITED	+38.36%	11.27B
SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED	+24.02%	10.35B

Other Auto, Truck & Motorcycle Parts