Company Valuation: Gentex Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,243 6,397 7,618 6,534 5,095 5,081 - -
Change - -22.39% 19.09% -14.23% -22.03% -0.27% - -
Enterprise Value (EV) 1 7,975 6,159 7,377 6,278 4,949 4,913 4,887 4,817
Change - -22.77% 19.77% -14.89% -21.17% -0.73% -0.53% -1.43%
P/E 23.2x 20.1x 17.8x 16.3x 13.4x 12x 10.7x 9.35x
PBR 4.25x 3.09x 3.27x 2.64x 2.02x 1.88x 1.69x 1.58x
PEG - -2.15x 0.5x -3.75x -11.79x 0.8x 0.9x 0.6x
Capitalization / Revenue 4.76x 3.33x 3.31x 2.82x 2.01x 1.89x 1.8x 1.71x
EV / Revenue 4.61x 3.21x 3.21x 2.71x 1.95x 1.82x 1.73x 1.62x
EV / EBITDA 15.7x 13.2x 12.5x 11.1x 8.3x 8x 7.44x 6.75x
EV / EBIT 19.5x 16.6x 14.9x 13.4x 10.1x 9.7x 9.04x 8.17x
EV / FCF 27.2x 32.1x 20.9x 17.8x 10.8x 12.2x 11.5x 11.4x
FCF Yield 3.68% 3.11% 4.79% 5.63% 9.25% 8.2% 8.68% 8.81%
Dividend per Share 2 0.48 0.48 0.48 0.48 0.48 0.48 0.488 0.5125
Rate of return 1.38% 1.76% 1.47% 1.67% 2.06% 2.01% 2.05% 2.15%
EPS 2 1.5 1.36 1.84 1.76 1.74 1.99 2.23 2.553
Distribution rate 32% 35.3% 26.1% 27.3% 27.6% 24.1% 21.9% 20.1%
Net sales 1 1,731 1,919 2,299 2,313 2,534 2,694 2,824 2,966
EBITDA 1 508.9 466.6 589.1 563.3 596.4 613.8 657 714.1
EBIT 1 409.8 370 495.7 468.6 492.3 506.7 540.4 589.7
Net income 1 360.8 318.8 428.4 404.5 384.8 418.2 451.5 488.2
Net Debt 1 -267.7 -237.8 -240.8 -255.6 -145.6 -168 -194 -264.1
Reference price 2 34.85 27.27 32.66 28.73 23.27 23.86 23.86 23.86
Nbr of stocks (in thousands) 236,520 234,582 233,253 227,432 218,943 212,952 - -
Announcement Date 28/01/22 27/01/23 26/01/24 31/01/25 30/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.99x1.82x8x2.01% 5.08B
13.89x1.3x8.67x2.18% 3.95B
22.61x - - 3.66% 3.54B
14.17x0.95x6.75x1.51% 2.91B
12.73x0.57x5.3x3.5% 2.7B
23.2x - - 0.86% 2.17B
17.4x2.45x11.95x4.48% 2.27B
17.43x - - 2.91% 2.11B
14.07x - - - 1.94B
Average 16.39x 1.42x 8.13x 2.64% 2.96B
Weighted average by Cap. 15.95x 1.43x 8.04x 2.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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