BorgWarner Inc Stock Research

Market Summary

USD46.94+1.03

Market Closed

2.24%

BWA Alerts

10 major insider sales recently.
Big jump in Earnings (Y/Y)

BWA Stock Price

BWA RSI Chart

BWA Valuation

Market Cap

11.0B

Price/Earnings (Trailing)

11.64

Price/Sales (Trailing)

0.7

EV/EBITDA

10.91

Price/Free Cashflow

BWA Price/Sales (Trailing)

BWA Profitability

EBT Margin

8.34%

Return on Equity

13.07%

Return on Assets

5.55%

Free Cashflow Yield

14.28%

BWA Fundamentals

BWA Revenue

Revenue (TTM)

15.8B

Revenue Y/Y

12.39%

Revenue Q/Q

1.18%

BWA Earnings

Earnings (TTM)

944.0M

Earnings Y/Y

97.67%

Earnings Q/Q

-6.59%

Price Action

52 Week Range

31.1451.14

(Low)(High)

Last 7 days

-8.3%

Last 30 days

-7.9%

Last 90 days

12.6%

Trailing 12 Months

26.3%

BWA Financial Health

Current Ratio

1.56

Debt/Equity

0.58

Debt/Cashflow

0.38

BWA Investor Care

Dividend Yield

1.45%

Dividend/Share (TTM)

0.68

Buy Backs (1Y)

2.36%

Diluted EPS (TTM)

3.99

Peers (Alternatives to BorgWarner)

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	582.6B	81.5B	-7.29%	-32.49%	46.4	7.15	51.35%	127.50%
GM	50.1B	156.7B	-18.30%	-18.15%	5.04	0.32	23.41%	-0.85%
APTV	30.4B	17.5B	-3.57%	0.64%	51.17	1.74	11.98%	0.68%
BWA	11.0B	15.8B	-7.92%	26.25%	11.64	0.7	6.49%	75.79%
MID-CAP
LEA	8.2B	20.9B	-4.37%	-2.78%	25.09	0.39	8.45%	-12.36%
ALV	7.7B	8.8B	-2.26%	19.42%	18.32	0.88	7.44%	-2.76%
GNTX	6.3B	1.9B	-8.27%	-5.96%	19.71	3.27	10.85%	-11.65%
ADNT	3.8B	14.3B	-9.05%	10.32%	-70.07	0.26	7.72%	-105.97%
LCII	2.7B	5.2B	-11.21%	-14.84%	6.91	0.52	16.42%	37.27%
SMALL-CAP
TEN	1.7B	18.6B	8.17%	58.15%	-7.03	0.09	1.85%	-200.42%
AXL	891.6M	5.8B	-18.94%	-4.84%	13.87	0.15	12.52%	989.83%
SRI	486.9M	899.9M	-26.03%	-3.76%	-23.81	0.54	16.80%	-255.49%
GTX	458.4M	3.6B	-17.06%	0.57%	1.18	0.13	-0.83%	-21.21%
CPS	238.7M	2.5B	-24.96%	46.14%	-1.11	0.09	8.38%	33.28%

Financials for BorgWarner

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	3.0%	15,801	15,348	14,704	14,703	14,838
Gross Profit	7.2%	3,101	2,893	2,737	2,787	2,855
S&GA Expenses	3.5%	1,610	1,555	1,501	1,471	1,460
EBITDA	22.3%	1,266	1,035	838	1,090	-
EBITDA Margin	18.8%	0.08*	0.07*	0.06*	0.07*	-
Earnings Before Taxes	14.2%	1,318	1,154	954	968	789
EBT Margin	10.9%	0.08*	0.08*	0.06*	0.07*	-
Interest Expenses	56.3%	-52.00	-119	-116	-95.00	-93.00
Net Income	15.4%	944	818	641	672	537
Net Income Margin	12.1%	0.06*	0.05*	0.04*	0.05*	-
Free Cahsflow	28.5%	1,569	1,221	1,016	1,080	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	5.7%	16,994	16,077	16,144	16,678	16,575
Current Assets	1.1%	6,617	6,547	6,480	6,640	6,597
Cash Equivalents	7.8%	1,338	1,241	1,390	1,501	1,844
Inventory	1.7%	1,687	1,658	1,653	1,644	1,534
Goodwill	3.9%	3,397	3,271	704	132	3,279
Liabilities	4.9%	9,486	9,040	8,973	9,340	9,313
Current Liabilities	11.0%	4,236	3,816	3,651	3,859	3,798
Long Term Debt	2.1%	4,166	4,080	4,156	4,223	4,261
Shareholder's Equity	6.6%	7,224	6,775	6,889	7,050	6,948
Retained Earnings	3.0%	7,454	7,239	7,005	6,830	6,671
Additional Paid-In Capital	0.9%	2,675	2,650	2,633	2,617	2,637
Shares Outstanding	-0.1%	234	234	237	238	240
Minority Interest	8.4%	284	262	282	288	314

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	28.5%	1,569	1,221	1,016	1,080	1,306
Cashflow From Investing	-68.2%	-1,418	-843	-684	-1,464	-1,395
Cashflow From Financing	-1.8%	-567	-557	-471	142	286
Dividend Payments	0%	161	161	163	163	162
Buy Backs	0%	240	240	140	40.00	0.00

Risks for BWA

What is the probability of a big loss on BWA?

87.3%

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

51.1%

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

19.2%

Probability that BorgWarner 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 BWA drawdown profile look like?

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

Drawdowns

Returns for BWA

Cumulative Returns on BWA

2.7%

10-Year Cumulative Returns

4.6%

7-Year Cumulative Returns

-0.8%

5-Year Cumulative Returns

22.9%

3-Year Cumulative Returns

What are the long-term rolling returns for BWA?

FIve years rolling returns for BorgWarner.

Annualized Returns

Which funds bought or sold BWA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	new	-	269,758	269,758	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.92	86,052,000	404,720,000	0.44%
2023-03-08	Capital Asset Advisory Services LLC	new	-	203,826	203,826	0.02%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-0.7	13,000	62,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	sold off	-100	-	-	-%
2023-02-28	Voya Investment Management LLC	added	2.4	1,126,650	4,728,650	0.01%
2023-02-24	NATIXIS	added	50.59	976,047	2,049,050	0.01%
2023-02-22	CVA Family Office, LLC	added	8.82	2,446	7,446	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	193,000	879,000	0.01%
2023-02-22	Kovack Advisors, Inc.	reduced	-3.55	62,046	325,046	0.05%

Latest Funds Activity

Are funds buying BWA calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BWA

No. of Funds

BorgWarner News

Schedule 13G FIlings of BorgWarner

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	11.27%	26,388,099	SC 13G/A
Feb 03, 2023	blackrock inc.	8.1%	18,913,935	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 09, 2022	vanguard group inc	10.66%	25,561,204	SC 13G/A
Feb 01, 2022	blackrock inc.	9.8%	23,405,959	SC 13G/A
May 07, 2021	blackrock inc.	10.4%	24,795,964	SC 13G/A
Feb 12, 2021	diamond hill capital management inc	4.1%	10,052,284	SC 13G/A
Feb 10, 2021	vanguard group inc	10.57%	25,855,230	SC 13G/A
Feb 08, 2021	fmr llc	-	0	SC 13G
Jan 29, 2021	blackrock inc.	7.9%	19,227,736	SC 13G/A

BWA Fair Value

BorgWarner fair value in different scenarios

The table shows the Fair Value estimates for BorgWarner 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	51.71 10.16%	74.22 58.12%	108.84 131.87%	162.73 246.68%	190.95 306.80%
Current Inflation	48.44 3.20%	68.00 44.87%	97.53 107.78%	143.20 205.07%	167.16 256.11%
Very High Inflation	44.33 -5.56%	60.42 28.72%	84.12 79.21%	120.45 156.60%	139.56 197.32%

Historical BorgWarner Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of BorgWarner

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	3	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading

Latest Insider Trading transactions for BWA

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-06	CALAWAY TONIT M	sold	-350,448	50.8706	-6,889	evp, cao, gen counsel & sec
2023-03-03	Demmerle Stefan	sold	-153,150	51.05	-3,000	vice president
2023-03-03	Ericson Brady D	sold	-2,030,430	50.7608	-40,000	vice president
2023-03-01	Aaron Craig	sold	-83,882	50.5619	-1,659	vp & controller
2023-02-28	Demmerle Stefan	sold (taxes)	-403,044	50.28	-8,016	vice president
2023-02-28	Lissalde Frederic	sold (taxes)	-1,615,450	50.28	-32,129	president and ceo
2023-02-28	Girelli Davide	sold (taxes)	-182,064	50.28	-3,621	vice president
2023-02-28	Weng Volker	sold (taxes)	-270,255	50.28	-5,375	vice president
2023-02-28	Aaron Craig	sold (taxes)	-64,559	50.28	-1,284	vp & controller
2023-02-28	Wingfield Tania	sold (taxes)	-116,448	50.28	-2,316	evp & chro

About BorgWarner

www.borgwarner.com

49300

BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging. The E-Propulsion & Drivetrain segment provides rotating electrical components, power electronics, control modules, software, friction, and mechanical products for automatic transmissions and torque-management products. The Fuel Injection segment develops and manufactures gasoline and diesel fuel injection components and systems. The Aftermarket segment sells products and services to independent aftermarket customers and original equipment service customers. This segment provides a range of solutions, including fuel injection, electronics and engine management, maintenance, and test equipment and vehicle diagnostics. The company sells its products to original equipment manufacturers of light vehicles, which comprise passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, including medium-duty and heavy-duty trucks, and buses; and off-highway vehicles, such as agricultural and construction machinery, and marine applications, as well as to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles. The company was formerly known as Borg-Warner Automotive, Inc. BorgWarner Inc. was incorporated in 1987 and is headquartered in Auburn Hills, Michigan.

BWA Income Statement

2022-09-30

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 4,060	$ 3,416	$ 11,693	$ 11,183
Cost of sales	3,254	2,766	9,425	8,953
Gross profit	806	650	2,268	2,230
Selling, general and administrative expenses	397	343	1,179	1,084
Restructuring expense	8	51	50	143
Other operating expense, net	12	3	26	30
Operating income	389	253	1,013	973
Equity in affiliates’ earnings, net of tax	(10)	(12)	(29)	(40)
Unrealized (gain) loss on equity securities	(1)	61	27	337
Interest expense, net	12	18	42	75
Other postretirement income	(8)	(10)	(26)	(33)
Earnings before income taxes and noncontrolling interest	396	196	999	634
Provision for income taxes	104	79	252	149
Net earnings	292	117	747	485
Net earnings attributable to noncontrolling interest, net of tax	19	21	58	77
Net earnings attributable to BorgWarner Inc.	$ 273	$ 96	$ 689	$ 408
Earnings per share attributable to BorgWarner Inc. — basic (in dollar per share)	$ 1.17	$ 0.40	$ 2.92	$ 1.71
Earnings per share attributable to BorgWarner Inc. — diluted (in dollar per share)	$ 1.16	$ 0.40	$ 2.90	$ 1.70
Weighted average shares outstanding:
Basic (in shares)	234.3	238.2	236.5	238.0
Diluted (in shares)	235.6	239.8	237.5	239.3

BWA Balance Sheet

2022-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash, cash equivalents and restricted cash	$ 1,241	$ 1,844
Receivables, net	3,363	2,898
Inventories, net	1,658	1,534
Prepayments and other current assets	285	321
Total current assets	6,547	6,597
Property, plant and equipment, net	4,006	4,395
Investments and long-term receivables	422	530
Goodwill	3,271	3,279
Other intangible assets, net	1,049	1,091
Other non-current assets	782	683
Total assets	16,077	16,575
LIABILITIES AND EQUITY
Notes payable and other short-term debt	56	66
Accounts payable	2,400	2,276
Other current liabilities	1,360	1,456
Total current liabilities	3,816	3,798
Long-term debt	4,080	4,261
Retirement-related liabilities	252	290
Other non-current liabilities	892	964
Total liabilities	9,040	9,313
Commitments and contingencies
Common stock	3	3
Capital in excess of par value	2,650	2,637
Retained earnings	7,239	6,671
Accumulated other comprehensive loss	(1,078)	(551)
Common stock held in treasury, at cost	(2,039)	(1,812)
Total BorgWarner Inc. stockholders’ equity	6,775	6,948
Noncontrolling interest	262	314
Total equity	7,037	7,262
Total liabilities and equity	$ 16,077	$ 16,575