Autoliv Inc Stock Research

Market Summary

USD84.17+2.48

Market Closed

3.04%

ALV Alerts

1 major insider sales recently.

ALV Stock Price

ALV RSI Chart

ALV Valuation

Market Cap

7.2B

Price/Earnings (Trailing)

17.5

Price/Sales (Trailing)

0.79

EV/EBITDA

6.41

Price/Free Cashflow

-362.35

ALV Price/Sales (Trailing)

ALV Profitability

EBT Margin

6.82%

Return on Equity

16.19%

Return on Assets

5.48%

Free Cashflow Yield

-0.28%

ALV Fundamentals

ALV Revenue

Revenue (TTM)

9.2B

Revenue Y/Y

17.37%

Revenue Q/Q

6.77%

ALV Earnings

Earnings (TTM)

414.0M

Earnings Y/Y

-10.84%

Earnings Q/Q

-52.56%

Price Action

52 Week Range

65.2096.20

(Low)(High)

Last 7 days

-3.2%

Last 30 days

-1.9%

Last 90 days

-7.9%

Trailing 12 Months

10.7%

ALV Financial Health

Current Ratio

1.02

Debt/Equity

0.39

Debt/Cashflow

0.71

ALV Investor Care

Dividend Yield

3.09%

Dividend/Share (TTM)

2.6

Buy Backs (1Y)

1.60%

Diluted EPS (TTM)

4.08

Peers (Alternatives to Autoliv)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TSLA	612.2B	86.0B	25.64%	-18.12%	52.09	7.12	38.34%	39.91%
GM	46.5B	160.7B	3.32%	-10.43%	4.98	0.29	23.16%	-5.45%
APTV	24.9B	18.1B	-10.43%	-9.45%	37.39	1.38	14.94%	73.70%
BWA	11.0B	16.1B	-2.12%	21.71%	11.49	0.69	9.55%	43.01%
MID-CAP
LEA	7.6B	21.5B	-2.57%	-5.36%	17.94	0.35	12.61%	92.12%
ALV	7.2B	9.2B	-1.91%	10.69%	17.5	0.79	13.55%	14.05%
GNTX	6.3B	2.0B	2.70%	-9.98%	19.21	3.16	16.66%	-1.81%
ADNT	3.3B	14.7B	-4.97%	3.92%	276.29	0.22	13.44%	-98.41%
LCII	2.8B	4.5B	2.15%	-4.28%	7.19	0.55	-11.36%	-49.72%
SMALL-CAP
TEN	1.7B	18.6B	8.17%	58.15%	-7.03	0.09	1.85%	-200.42%
AXL	837.7M	5.9B	2.14%	-4.79%	14.39	0.14	13.40%	283.60%
GTX	527.5M	3.7B	-0.37%	32.46%	1.38	0.14	3.82%	-44.33%
SRI	454.2M	920.2M	-7.51%	-15.12%	-32.32	0.49	15.35%	-512.68%
CPS	199.0M	2.6B	0.26%	119.06%	-0.7	0.08	14.10%	18.88%

Financials for Autoliv

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	4.2%	9,211	8,842	8,626	8,171	8,112
Gross Profit	6.4%	1,486	1,396	1,365	1,283	1,341
S&GA Expenses	3.7%	453	437	445	441	440
R&D Expenses	2.3%	399	390	405	397	392
EBITDA	5.6%	1,026	972	916	963	-
EBITDA Margin	3.0%	0.12*	0.11*	0.11*	0.12*	-
Earnings Before Taxes	-1.7%	593	603	547	481	516
EBT Margin	7.5%	0.07*	0.06*	0.06*	0.06*	-
Interest Expenses	10.0%	66.00	60.00	55.00	54.00	57.00
Net Income	-2.1%	414	423	382	337	363
Net Income Margin	8.0%	0.05*	0.04*	0.04*	0.04*	-
Free Cahsflow	2660.0%	128	-5.00	3.00	162	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	6.1%	8,185	7,717	7,334	7,030	7,769
Current Assets	9.3%	4,061	3,714	3,587	3,285	3,923
Cash Equivalents	20.0%	713	594	483	327	938
Inventory	1.8%	986	969	924	903	913
Net PPE	4.3%	2,045	1,960	1,795	1,806	1,853
Goodwill	0.1%	1,376	1,375	1,364	1,373	1,384
Current Liabilities	-3.1%	3,529	3,642	3,458	3,061	3,073
. Short Term Borrowings	-18.8%	577	711	692	559	347
Long Term Debt	-3.9%	1,011	1,052	1,687	-	-
LT Debt, Non Current	51.9%	1,601	1,054	1,037	1,060	1,647
Shareholder's Equity	0.5%	2,627	2,613	2,478	2,558	2,674
Retained Earnings	-0.6%	2,295	2,310	2,797	2,762	2,755
Additional Paid-In Capital	-0.7%	1,105	1,113	1,315	1,319	1,325
Shares Outstanding	-0.1%	86.00	86.00	87.00	87.00	88.00
Minority Interest	7.7%	14.00	13.00	13.00	15.00	15.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-16.3%	597	713	568	524	638
Cashflow From Investing	-26.0%	-611	-485	-472	-421	-378
Cashflow From Financing	70.4%	-157	-531	-472	-602	-565
Dividend Payments	0.4%	225	224	223	223	221
Buy Backs	-125.2%	-259	-115	-80.00	-53.33	-24.00

Risks for ALV

What is the probability of a big loss on ALV?

85.8%

Probability that Autoliv stock will be more than 20% underwater in next one year

53.9%

Probability that Autoliv stock will be more than 30% underwater in next one year.

19.2%

Probability that Autoliv stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ALV drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Autoliv was unfortunately bought at previous high price.

Drawdowns

Returns for ALV

Cumulative Returns on ALV

6.5%

10-Year Cumulative Returns

1.7%

7-Year Cumulative Returns

-2.1%

5-Year Cumulative Returns

10.3%

3-Year Cumulative Returns

What are the long-term rolling returns for ALV?

FIve years rolling returns for Autoliv.

Annualized Returns

Which funds bought or sold ALV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-22	AMERIPRISE FINANCIAL INC	added	421	8,894,900	10,553,900	-%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-766	-	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	new	-	49,000	49,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	173	10,478,300	14,970,300	-%
2023-05-17	Thrivent Financial for Lutherans	added	67.04	6,943,000	13,641,000	0.03%
2023-05-17	Advisory Services Network, LLC	unchanged	-	11,276	62,738	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	unchanged	-	47,760	367,584	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-86.74	-1,094,370	211,087	-%
2023-05-16	Hudson Bay Capital Management LP	added	84.76	10,070,900	18,111,800	0.08%
2023-05-16	Baker Avenue Asset Management, LP	unchanged	-	67.00	373	-%

Latest Funds Activity

Are funds buying ALV calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ALV

No. of Funds

ALV Alerts

1 major insider sales recently.

Autoliv News

Schedule 13G FIlings of Autoliv

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 07, 2023	swedbank robur fonder ab	4.03%	3,477,120	SC 13G/A
Feb 06, 2023	alecta tjanstepension omsesidigt	47%	6,442,200	SC 13G/A
Jan 27, 2023	amf tjanstepension ab	6.2%	5,407,193	SC 13G/A
Aug 18, 2022	cevian capital ii gp ltd	9.99%	8,698,404	SC 13D/A
Mar 18, 2022	swedbank robur fonder ab	7.3%	6,349,065	SC 13G/A
Feb 07, 2022	alecta pensionsforsakring, omsesidigt	36%	6,442,200	SC 13G/A
Feb 02, 2022	amf tjanstepension ab	7.9%	6,926,975	SC 13G/A
Feb 10, 2021	swedbank robur fonder ab	6.3%	5,488,052	SC 13G
Jan 29, 2021	amf pensionsforsakring ab	6.3%	5,518,533	SC 13G/A
Jan 25, 2021	alecta pensionsforsakring, omsesidigt	37%	6,442,200	SC 13G/A

ALV Fair Value

Autoliv fair value in different scenarios

The table shows the Fair Value estimates for Autoliv for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	35.79 -57.48%	47.83 -43.17%	59.59 -29.20%	71.26 -15.34%	86.30 2.53%
Current Inflation	33.92 -59.70%	44.93 -46.62%	55.59 -33.96%	66.11 -21.46%	76.82 -8.73%
Very High Inflation	31.48 -62.60%	41.21 -51.04%	50.51 -39.99%	59.65 -29.13%	65.63 -22.03%

Historical Autoliv Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Autoliv

View All Filings

Date Filed	Form Type	Document
May 16, 2023	8-K	Current Report
May 15, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading

Latest Insider Trading transactions for ALV

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-12	Carlson Jan	sold	-232,594	88.98	-2,614	-
2023-05-10	Liu Xiaozhi	sold (taxes)	-14,151	87.9	-161	-
2023-05-10	JOHANSSON LEIF	sold (taxes)	-14,151	87.9	-161	-
2023-05-10	JOHANSSON LEIF	acquired	-	-	2,141	-
2023-05-10	LUNDSTEDT MARTIN	sold (taxes)	-28,303	87.9	-322	-
2023-05-10	BRLAS LAURIE	acquired	-	-	2,141	-
2023-05-10	Johansson Hasse	sold (taxes)	-42,367	87.9	-482	-
2023-05-10	Carlson Jan	sold (taxes)	-66,716	87.9	-759	-
2023-05-10	Senko Thaddeus	acquired	-	-	2,141	-
2023-05-10	LUNDSTEDT MARTIN	acquired	-	-	2,141	-

About Autoliv

Mikael Bratt

www.autoliv.com

60600

Autoliv, Inc., through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers. The company primarily serves car manufacturers. Autoliv, Inc. was founded in 1953 and is headquartered in Stockholm, Sweden.

ALV Income Statement

2023-03-31

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions

3 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Income Statement [Abstract]

Net sales

$ 2,493

$ 2,124

Type of Revenue [Extensible List]

us-gaap:ProductMember

Cost of sales

$ (2,113)

$ (1,836)

Type of Cost, Good or Service [Extensible List]

us-gaap:ProductMember

Gross profit

$ 379

$ 288

Selling, general and administrative expenses

(132)

(115)

Research, development and engineering expenses, net

(116)

(107)

Amortization of intangibles

(1)

Other income (expense), net1)

^[1]

(4)

Operating income

127

134

Income from equity method investment

Interest income

Interest expense

(19)

(13)

Other non-operating items, net

(2)

(4)

Income before income taxes

109

119

Income tax expense

(34)

(36)

Net income

^[2]

Less: Net income attributable to non-controlling interest

Net income attributable to controlling interest

$ 74

$ 83

Net earnings per share - basic

$ 0.86

$ 0.95

Net earnings per share - diluted

$ 0.86

$ 0.94

Weighted average number of shares outstanding, net of treasury shares (in millions)

86.1

87.5

Weighted average number of shares outstanding, assuming dilution and net of treasury shares (in millions)

86.3

87.8

Cash dividend per share - declared

$ 0.66

$ 0.64

Cash dividend per share – paid

$ 0.66

$ 0.64

[1]	The three months period ending March 31, 2022, includes a gain on sale of property of $80 million in Japan.
[2]	For the three months period ended March 31, 2023 and March 31, 2022, the aggregate transaction gain (loss) included in net income for the period were $(5) million and $(6) million, respectively.

ALV Balance Sheet

2023-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions

Mar. 31, 2023

Dec. 31, 2022

Assets

Cash and cash equivalents

$ 713

$ 594

Receivables, net

2,106

1,907

Inventories, net

986

969

Prepaid expenses and accrued income

166

160

Other current assets

Total current assets

4,061

3,714

Property, plant and equipment, net

2,045

1,960

Operating lease right-of-use assets

169

160

Goodwill

1,376

1,375

Intangible assets, net

Other non-current assets

528

502

Total assets

8,185

7,717

Liabilities and equity

Short-term debt

577

^[1]

711

Accounts payable

1,683

1,693

Accrued expenses

969

915

Operating lease liabilities - current

Other current liabilities

258

283

Total current liabilities

3,529

3,642

Long-term debt

^[1]

1,601

1,054

Pension liability

159

154

Operating lease liabilities - non-current

127

119

Other non-current liabilities

128

121

Total non-current liabilities

2,015

1,450

Common stock

Additional paid-in capital

1,105

1,113

Retained earnings

2,295

2,310

Accumulated other comprehensive loss

(487)

(522)

Treasury stock

(376)

(379)

Total controlling interest's equity

2,627

2,613

Non-controlling interest

Total equity

2,641

2,626

Total liabilities and equity

$ 8,185

$ 7,717

[1]	Debt as reported in balance sheet.