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Gentex

DB:GTX
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GTX
DB
$6B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Gentex has significant price volatility in the past 3 months.
GTX Share Price and Events
7 Day Returns
6.6%
DB:GTX
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
16.3%
DB:GTX
-47.8%
DE Auto Components
-16.6%
DE Market
GTX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gentex (GTX) 6.6% -5.9% -16.4% 16.3% 16.4% 30.7%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • GTX outperformed the Auto Components industry which returned -47.8% over the past year.
  • GTX outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
GTX
Industry
5yr Volatility vs Market

Value

 Is Gentex undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gentex to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gentex.

DB:GTX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:GTX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 21%) (0.02%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.094 * 5.44%)
5.56%

Discounted Cash Flow Calculation for DB:GTX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gentex is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:GTX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.56%)
2020 413.70 Analyst x3 391.91
2021 432.23 Analyst x4 387.90
2022 425.78 Est @ -1.49% 361.98
2023 420.83 Est @ -1.16% 338.94
2024 416.92 Est @ -0.93% 318.10
2025 413.71 Est @ -0.77% 299.03
2026 411.01 Est @ -0.65% 281.43
2027 408.64 Est @ -0.58% 265.07
2028 406.52 Est @ -0.52% 249.81
2029 404.56 Est @ -0.48% 235.51
Present value of next 10 years cash flows $3,129.00
DB:GTX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $404.56 × (1 + -0.39%) ÷ (5.56% – -0.39%)
$6,773.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,773.45 ÷ (1 + 5.56%)10
$3,943.09
DB:GTX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,129.00 + $3,943.09
$7,072.09
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,072.09 / 246.80
$28.66
DB:GTX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GTX represents 0.93382x of NasdaqGS:GNTX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93382x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 28.66 x 0.93382
€26.76
Value per share (EUR) From above. €26.76
Current discount Discount to share price of €21.87
= -1 x (€21.87 - €26.76) / €26.76
18.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Gentex is available for.
Intrinsic value
18%
Share price is €21.87 vs Future cash flow value of €26.76
Current Discount Checks
For Gentex to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gentex's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Gentex's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gentex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gentex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GTX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.67
NasdaqGS:GNTX Share Price ** NasdaqGS (2020-04-07) in USD $23.42
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gentex.

DB:GTX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GNTX Share Price ÷ EPS (both in USD)

= 23.42 ÷ 1.67

14.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gentex is overvalued based on earnings compared to the DE Auto Components industry average.
  • Gentex is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Gentex's expected growth come at a high price?
Raw Data
DB:GTX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
3.1%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:GTX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.05x ÷ 3.1%

4.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gentex is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Gentex's assets?
Raw Data
DB:GTX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $7.71
NasdaqGS:GNTX Share Price * NasdaqGS (2020-04-07) in USD $23.42
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:GTX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GNTX Share Price ÷ Book Value per Share (both in USD)

= 23.42 ÷ 7.71

3.04x

* Primary Listing of Gentex.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gentex is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Gentex's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Gentex has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Gentex expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gentex expected to grow at an attractive rate?
  • Gentex's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Gentex's earnings growth is positive but not above the Germany market average.
  • Gentex's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GTX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GTX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 3.1%
DB:GTX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 4.1%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:GTX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GTX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,212 515 1
2021-12-31 1,993 555 433 8
2020-12-31 1,864 515 404 9
2020-04-07
DB:GTX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,859 506 420
2019-09-30 1,868 538 428
2019-06-30 1,851 534 429
2019-03-31 1,837 539 431
2018-12-31 1,834 552 438
2018-09-30 1,840 547 462
2018-06-30 1,819 530 441
2018-03-31 1,807 517 420
2017-12-31 1,795 501 407
2017-09-30 1,755 473 365
2017-06-30 1,746 485 367
2017-03-31 1,727 456 365

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gentex's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
  • Gentex's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GTX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Gentex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GTX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.12 2.12 2.12 1.00
2021-12-31 1.83 1.95 1.50 8.00
2020-12-31 1.65 1.79 1.45 9.00
2020-04-07
DB:GTX Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.67
2019-09-30 1.68
2019-06-30 1.65
2019-03-31 1.63
2018-12-31 1.64
2018-09-30 1.69
2018-06-30 1.58
2018-03-31 1.48
2017-12-31 1.42
2017-09-30 1.27
2017-06-30 1.28
2017-03-31 1.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Gentex is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Gentex's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gentex has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Gentex performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gentex's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gentex's year on year earnings growth rate has been positive over the past 5 years.
  • Gentex's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Gentex's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Gentex's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gentex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GTX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,858.90 419.66 85.08 114.69
2019-09-30 1,868.47 427.71 82.57 112.84
2019-06-30 1,850.96 428.50 78.45 110.33
2019-03-31 1,837.23 430.67 77.10 109.17
2018-12-31 1,834.06 437.88 75.21 107.13
2018-09-30 1,840.23 462.08 77.39 104.70
2018-06-30 1,818.60 440.97 76.11 102.58
2018-03-31 1,806.76 419.65 73.29 100.62
2017-12-31 1,794.87 406.79 71.44 99.73
2017-09-30 1,755.22 365.08 66.45 99.66
2017-06-30 1,746.23 366.92 65.09 98.47
2017-03-31 1,726.89 364.87 63.94 96.30
2016-12-31 1,678.92 347.59 62.47 94.24
2016-09-30 1,664.60 347.23 59.33 92.73
2016-06-30 1,624.79 333.49 57.43 90.65
2016-03-31 1,580.25 321.57 57.57 89.90
2015-12-31 1,543.62 318.47 56.62 88.39
2015-09-30 1,488.44 301.05 57.30 87.19
2015-06-30 1,449.52 295.05 56.92 87.36
2015-03-31 1,408.70 297.22 56.04 85.27
2014-12-31 1,375.50 288.60 55.88 84.18
2014-09-30 1,351.86 287.51 54.82 82.24
2014-06-30 1,289.57 270.69 54.27 79.67
2014-03-31 1,238.10 246.07 52.20 78.30
2013-12-31 1,171.86 222.93 49.50 76.50
2013-09-30 1,105.44 192.65 48.02 75.22
2013-06-30 1,085.07 179.00 46.88 76.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gentex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Gentex used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Gentex has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gentex's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gentex has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gentex's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gentex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gentex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gentex's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gentex's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Gentex has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gentex Company Filings, last reported 3 months ago.

DB:GTX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,938.09 0.00 436.71
2019-09-30 1,921.33 0.00 467.31
2019-06-30 1,904.33 0.00 450.90
2019-03-31 1,857.07 0.00 402.00
2018-12-31 1,861.75 0.00 386.44
2018-09-30 1,843.10 0.00 337.64
2018-06-30 1,921.50 23.13 467.72
2018-03-31 1,969.98 50.00 676.50
2017-12-31 2,049.52 78.00 722.27
2017-09-30 2,026.27 0.65 740.65
2017-06-30 2,003.94 10.28 765.13
2017-03-31 1,974.77 37.45 736.28
2016-12-31 1,910.42 187.47 723.50
2016-09-30 1,856.27 198.35 686.75
2016-06-30 1,784.92 211.29 644.83
2016-03-31 1,748.96 213.05 636.07
2015-12-31 1,722.52 236.07 556.10
2015-09-30 1,671.10 232.12 564.53
2015-06-30 1,647.00 257.72 569.90
2015-03-31 1,613.48 259.56 549.91
2014-12-31 1,571.41 267.10 497.43
2014-09-30 1,497.52 260.00 433.49
2014-06-30 1,447.74 261.88 391.65
2014-03-31 1,384.92 263.75 374.69
2013-12-31 1,327.60 273.13 309.59
2013-09-30 1,255.31 267.50 226.68
2013-06-30 1,207.01 0.00 595.24
  • Gentex has no debt.
  • Gentex has no debt compared to 5 years ago when it was 17%.
  • Gentex has no debt, it does not need to be covered by operating cash flow.
  • Gentex has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Gentex's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gentex has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Gentex's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.05%
Current annual income from Gentex dividends. Estimated to be 2.09% next year.
If you bought €2,000 of Gentex shares you are expected to receive €41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gentex's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Gentex's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase Gentex before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:GTX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:GTX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.50 3.00
2020-12-31 0.48 3.00
2020-04-07
DB:GTX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-09 0.480 2.140
2019-12-09 0.460 1.570
2019-08-27 0.460 1.658
2019-06-11 0.460 1.818
2019-03-08 0.460 2.109
2018-11-29 0.440 2.106
2018-08-29 0.440 2.041
2018-05-24 0.440 1.859
2018-03-09 0.440 1.888
2017-11-27 0.400 1.830
2017-08-23 0.400 2.085
2017-05-18 0.400 2.200
2017-03-06 0.360 1.750
2016-11-30 0.360 1.764
2016-08-31 0.360 2.064
2016-05-19 0.360 2.168
2016-02-25 0.340 2.174
2015-12-07 0.340 2.336
2015-09-01 0.340 2.121
2015-05-21 0.340 2.072
2015-03-03 0.320 1.793
2015-02-23 0.320 1.801
2015-01-28 0.320 1.850
2014-08-29 0.320 1.988
2014-05-15 0.320 2.198
2014-03-10 0.280 1.872
2013-12-09 0.280 1.744
2013-08-20 0.280 2.101
2013-05-29 0.280 2.429
2013-02-19 0.280 2.664
2012-11-26 0.260 2.777
2012-08-21 0.260 2.974
2012-05-24 0.260 2.670
2012-02-21 0.260 2.184
2011-11-22 0.240 1.677
2011-08-17 0.240 1.821
2011-06-08 0.240 1.712
2011-02-22 0.240 1.645
2010-12-02 0.220 1.450
2010-08-18 0.220 2.224
2010-05-17 0.220 2.305
2010-02-25 0.220 2.127
2009-12-01 0.220 2.396
2009-08-18 0.220 2.872
2009-05-19 0.220 3.530

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Gentex's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Gentex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gentex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gentex has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Gentex's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Downing
COMPENSATION $3,427,450
AGE 41
TENURE AS CEO 2.3 years
CEO Bio

Mr. Steven R. Downing, also known as Steve, has been the Chief Executive Officer at Gentex Corp. since January 2018 and has been its President since August 2017. He served as Interim Chief Financial Officer and Treasurer of Gentex Corp. since August 22, 2017. Mr. Downing served as the Chief Operating Officer of Gentex Corp. from August 22, 2017 to December 31, 2017. Mr. Downing served as the Chief Financial Officer of Gentex Corp. from May 2013 to August 22, 2017 and as its Senior Vice President from June 18, 2015 to August 22, 2017. Mr. Downing served as the Vice President of Finance at Gentex Corp. from May 2013 to June 22, 2015 and served as its Treasurer. He served as Vice President of Commercial Management at Gentex Corp. since July 2012 until May 2013. He served as Director of Commercial Management from June 2009 to July 2012, as Commercial Manager from October 2006 to June 2009, as Senior Financial Analyst from April 2006 to October 2006 and as a Financial Analyst from his hire date in July 2002 to April 2006 at Gentex Corp. He has eleven years of success and increasing responsibility in cost accounting, quotation development, forecasting, strategic Partnerships and new business development. He is a graduate of Liberty University with a Bachelor of Science Degree in Finance and Management.

CEO Compensation
  • Steve's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Steve's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Gentex management team in years:

2.3
Average Tenure
48.5
Average Age
  • The tenure for the Gentex management team is about average.
Management Team

Steve Downing

TITLE
President
COMPENSATION
$3M
AGE
41
TENURE
2.3 yrs

Kevin Nash

TITLE
VP of Finance
COMPENSATION
$990K
AGE
44
TENURE
2.2 yrs

Neil Boehm

TITLE
CTO & VP of Engineering
COMPENSATION
$958K
AGE
47
TENURE
2.2 yrs

Scott Ryan

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
$927K
AGE
38
TENURE
1.7 yrs

Matt Chiodo

TITLE
Vice President of Sales & Executive Officer
COMPENSATION
$955K
AGE
54
TENURE
3.3 yrs

Fred Bauer

TITLE
Founder
COMPENSATION
$2M
AGE
76

Paul Flynn

TITLE
Vice President of Operations
COMPENSATION
$323K
AGE
54
TENURE
8.3 yrs

Josh O'Berski

TITLE
Director of Investor Relations

Joe Matthews

TITLE
VP of Purchasing & Diversity Officer
COMPENSATION
$336K
AGE
50
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Gentex board of directors in years:

5.3
Average Tenure
74
Average Age
  • The tenure for the Gentex board of directors is about average.
Board of Directors

Jim Wallace

TITLE
Independent Chairman & Lead Independent Director
COMPENSATION
$210K
AGE
76
TENURE
2.3 yrs

Fred Bauer

TITLE
Founder
COMPENSATION
$2M
AGE
76
TENURE
2.3 yrs

Gary Goode

TITLE
Independent Director
COMPENSATION
$149K
AGE
74
TENURE
17.3 yrs

Richard Schaum

TITLE
Independent Director
COMPENSATION
$134K
AGE
72
TENURE
9.3 yrs

John Mulder

TITLE
Independent Director
COMPENSATION
$117K
AGE
82
TENURE
28.3 yrs

Fred Sotok

TITLE
Independent Director
COMPENSATION
$125K
AGE
84
TENURE
20.3 yrs

Jim Hollars

TITLE
Independent Director
COMPENSATION
$117K
AGE
74
TENURE
6.3 yrs

Leslie Brown

TITLE
Independent Director
COMPENSATION
$122K
AGE
65
TENURE
4.3 yrs

Kathy Starkoff

TITLE
Independent Director
COMPENSATION
$41K
AGE
61
TENURE
1.5 yrs

Brian Walker

TITLE
Independent Director
COMPENSATION
$28K
AGE
57
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Gentex individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
31. Mar 20 Buy Steven Downing Individual 27. Mar 20 27. Mar 20 674 €16.71 €11,264
31. Mar 20 Buy Matthew Chiodo Individual 27. Mar 20 27. Mar 20 675 €16.71 €11,281
31. Mar 20 Buy Neil Boehm Individual 27. Mar 20 27. Mar 20 575 €16.71 €9,610
31. Mar 20 Buy Scott Ryan Individual 27. Mar 20 27. Mar 20 675 €16.71 €11,281
31. Mar 20 Buy Kevin Nash Individual 27. Mar 20 27. Mar 20 539 €16.71 €9,008
30. Dec 19 Buy Matthew Chiodo Individual 27. Dec 19 27. Dec 19 101 €22.06 €2,228
30. Dec 19 Buy Scott Ryan Individual 27. Dec 19 27. Dec 19 101 €22.06 €2,228
30. Dec 19 Buy Neil Boehm Individual 27. Dec 19 27. Dec 19 13 €22.06 €287
30. Dec 19 Buy Steven Downing Individual 27. Dec 19 27. Dec 19 102 €22.06 €2,250
02. Oct 19 Sell Neil Boehm Individual 01. Oct 19 01. Oct 19 -8,000 €25.16 €-201,252
02. Oct 19 Sell Kevin Nash Individual 01. Oct 19 01. Oct 19 -12,000 €25.16 €-301,878
30. Sep 19 Buy Neil Boehm Individual 27. Sep 19 27. Sep 19 14 €21.48 €301
30. Sep 19 Buy Matthew Chiodo Individual 27. Sep 19 27. Sep 19 106 €21.48 €2,277
30. Sep 19 Buy Steven Downing Individual 27. Sep 19 27. Sep 19 106 €21.48 €2,277
30. Sep 19 Buy Scott Ryan Individual 27. Sep 19 27. Sep 19 106 €21.48 €2,277
16. Sep 19 Sell John Mulder Individual 11. Jun 19 12. Sep 19 -10,000 €25.43 €-235,810
01. Jul 19 Buy Steven Downing Individual 28. Jun 19 28. Jun 19 119 €18.38 €2,188
01. Jul 19 Buy Scott Ryan Individual 28. Jun 19 28. Jun 19 120 €18.38 €2,206
01. Jul 19 Buy Matthew Chiodo Individual 28. Jun 19 28. Jun 19 120 €18.38 €2,206
01. Jul 19 Buy Neil Boehm Individual 28. Jun 19 28. Jun 19 15 €18.38 €276
X
Management checks
We assess Gentex's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gentex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It operates through Automotive Products and Other segments. The company designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers. It also manufactures and sells variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company provides photoelectric smoke detectors and alarms, electrochemical carbon monoxide detectors and alarms, audible and visual signaling alarms, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential establishments. It sells its fire protection products directly, as well as through sales managers and manufacturer representative organizations to fire protection and security product distributors, electrical wholesale houses, and original equipment manufacturers of fire protection systems. Gentex Corporation was founded in 1974 and is headquartered in Zeeland, Michigan.

Details
Name: Gentex Corporation
GTX
Exchange: DB
Founded: 1974
$5,344,767,280
246,797,668
Website: http://www.gentex.com
Address: Gentex Corporation
600 North Centennial Street,
Zeeland,
Michigan, 49464,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GNTX Common Stock Nasdaq Global Select US USD 22. Dec 1981
DB GTX Common Stock Deutsche Boerse AG DE EUR 22. Dec 1981
BRSE GTX Common Stock Berne Stock Exchange CH CHF 22. Dec 1981
Number of employees
Current staff
Staff numbers
5,874
Gentex employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:19
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.