Grufity logoGrufity logo

Gentex Corp Stock Research

GNTX

28.03USD+0.62(+2.26%)Market Closed

Market Summary

USD28.03+0.62
Market Closed
2.26%

GNTX Alerts

GNTX Stock Price

GNTX RSI Chart

GNTX Valuation

Market Cap

6.6B

Price/Earnings (Trailing)

20.59

Price/Sales (Trailing)

3.42

EV/EBITDA

13.62

Price/Free Cashflow

19.41

GNTX Price/Sales (Trailing)

GNTX Profitability

EBT Margin

19.27%

Return on Equity

15.43%

Return on Assets

13.7%

Free Cashflow Yield

5.15%

GNTX Fundamentals

GNTX Revenue

Revenue (TTM)

1.9B

Revenue Y/Y

17.58%

Revenue Q/Q

0%

GNTX Earnings

Earnings (TTM)

318.8M

Earnings Y/Y

2.36%

Earnings Q/Q

18.6%

Price Action

52 Week Range

23.2831.34
(Low)(High)

Last 7 days

4.7%

Last 30 days

-1.0%

Last 90 days

2.8%

Trailing 12 Months

-3.1%

GNTX Financial Health

Current Ratio

3.79

GNTX Investor Care

Dividend Yield

1.71%

Dividend/Share (TTM)

0.48

Buy Backs (1Y)

0.96%

Diluted EPS (TTM)

1.36

Peers (Alternatives to Gentex)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
TSLA
656.4B
81.5B
 2.31% -42.24%
52.28
8.06
 51.35% 127.50%
GM
53.1B
156.7B
 -5.05% -15.57%
5.35
0.34
 23.41% -0.85%
APTV
30.4B
17.5B
 -5.00% -6.28%
51.17
1.74
 11.98% 0.68%
BWA
11.5B
15.8B
 -3.04% 28.31%
12.18
0.73
 6.49% 75.79%
MID-CAP
LEA
8.3B
20.9B
 -1.32% -2.17%
25.35
0.4
 8.45% -12.36%
ALV
8.0B
8.8B
 -0.73% 25.16%
19.03
0.91
 7.44% -2.76%
GNTX
6.6B
1.9B
 -1.02% -3.08%
20.59
3.42
 10.85% -11.65%
ADNT
3.9B
14.3B
 -5.19% 0.47%
-72.35
0.27
 7.72% -105.97%
LCII
2.8B
5.2B
 -3.88% 5.84%
7.08
0.54
 16.42% 37.27%
SMALL-CAP
TEN
1.7B
18.6B
 8.17% 58.15%
-7.03
0.09
 1.85% -200.42%
AXL
895.0M
5.8B
 -13.61% 0.64%
13.92
0.15
 12.52% 989.83%
SRI
511.3M
899.9M
 -21.79% -9.92%
-25
0.57
 16.80% -255.49%
GTX
496.6M
3.6B
 -2.30% 6.54%
1.27
0.14
 -0.83% -21.21%
CPS
243.6M
2.5B
 -10.44% 62.37%
-1.13
0.1
 8.38% 33.28%

Financials for Gentex

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.0%1,9191,8451,7511,7161,731
Gross Profit1.7%610600594597620
Operating Expenses1.6%240236228217210
  S&GA Expenses0.1%10610610295.0092.00
  R&D Expenses2.8%133130126122118
EBITDA1.2%466461465483-
EBITDA Margin-2.7%0.24*0.25*0.27*0.28*-
Earnings Before Taxes1.7%370364367384416
EBT Margin-2.2%0.19*0.20*0.21*0.22*-
Net Income0.6%319317321335361
Net Income Margin-3.2%0.17*0.17*0.18*0.20*-
Free Cahsflow13.1%338299299287-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.7%2,3272,3112,2842,1802,131
  Current Assets-4.1%949989992956873
    Cash Equivalents-3.7%215223269280262
  Inventory-3.3%404418393363316
  Net PPE4.4%550527489468464
  Goodwill0.0%314314314314314
Liabilities-5.7%261277298251193
  Current Liabilities-5.5%251265286239182
Shareholder's Equity1.6%2,0662,0341,9871,9291,938
  Retained Earnings3.6%1,1481,1081,0831,0391,042
  Additional Paid-In Capital1.0%917909901881879
Accumulated Depreciation7.9%928860---
Shares Outstanding-1.0%234236---
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations13.1%338299299287362
  Share Based Compensation-0.2%30.0030.0030.0028.0027.00
Cashflow From Investing-15.2%-172-149-111-74.54-113
Cashflow From Financing-6.5%-209-196-270-388-410
  Dividend Payments-0.2%113113114115115
  Buy Backs-1.3%113114182298325

Risks for GNTX

What is the probability of a big loss on GNTX?

58.1%

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

24.6%

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

0%

Probability that Gentex 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 GNTX drawdown profile look like?

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

Drawdowns

Returns for GNTX

Cumulative Returns on GNTX

13.1%

10-Year Cumulative Returns

10.7%

7-Year Cumulative Returns

5.7%

5-Year Cumulative Returns

9.6%

3-Year Cumulative Returns

What are the long-term rolling returns for GNTX?

FIve years rolling returns for Gentex.

Annualized Returns

Which funds bought or sold GNTX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-27
Neo Ivy Capital Management
reduced
-94.15
-183,000
13,000
 0.01%
2023-03-23
MetLife Investment Management, LLC
reduced
-2.18
427,997
4,027,860
 0.03%
2023-03-23
ETF MANAGERS GROUP, LLC
added
4.12
106,988
668,988
 0.03%
2023-03-17
American Portfolios Advisors
reduced
-4.89
-2,490
10,656
 -%
2023-03-10
BAILLIE GIFFORD & CO
unchanged
-
2,071
14,071
 -%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.54
237,622
1,959,620
 -%
2023-03-06
Rockefeller Capital Management L.P.
added
2.95
358,000
2,378,000
 0.01%
2023-02-28
Voya Investment Management LLC
added
5.18
2,951,970
17,478,000
 0.03%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
128,000
1,024,000
 0.01%
2023-02-21
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC
reduced
-36.07
-217,996
592,004
 0.02%

1–10 of 48

Latest Funds Activity

Are funds buying GNTX calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own GNTX
No. of Funds

GNTX Alerts

Gentex News

Nasdaq

Gentex Breaks Above 200-Day Moving Average - Bullish for GNTX.

Nasdaq,
2 days ago

Yahoo Eurosport UK

Gentex Corporation's (NASDAQ:GNTX) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?.

Yahoo Eurosport UK,
3 days ago

Simply Wall St

With 88% ownership of the shares, Gentex Corporation (NASDAQ:GNTX) is heavily dominated by institutional owners.

Simply Wall St,
3 days ago

MarketBeat

Zacks Research Analysts Cut Earnings Estimates for Gentex Co ....

MarketBeat,
3 days ago

Nasdaq

Validea's Top Ten Consumer Cyclical Stocks Based On Benjamin ....

Nasdaq,
6 days ago

Morningstar.ca

Suppliers Drive the Transition to Electric Vehicles.

Morningstar.ca,
8 days ago

MarketBeat

LVZ Inc. Has $641000 Stake in Gentex Co. (NASDAQ:GNTX).

MarketBeat,
10 days ago

MarketBeat

Gentex Co. (NASDAQ:GNTX) Position Increased by Leith Wheeler ....

MarketBeat,
13 days ago

Best Stocks

Federated Hermes Inc. owns $899,000 in Gentex Co. (NASDAQ ....

Best Stocks,
17 days ago

Simply Wall St

Gentex's (NASDAQ:GNTX) Returns On Capital Tell Us There Is Reason To Feel Uneasy.

Simply Wall St,
19 days ago

Best Stocks

Gentex Co. is owned by BlackRock Inc. for $496.68 million ....

Best Stocks,
24 days ago

Best Stocks

AlphaCrest Capital Management LLC owns $1.50 million in Gentex ....

Best Stocks,
29 days ago

Simply Wall St

Gentex Corporation (NASDAQ:GNTX) Shares Could Be 39% Below Their Intrinsic Value Estimate.

Simply Wall St,
32 days ago

GlobeNewswire

Gentex Announces First Quarter 2023 Cash Dividend.

GlobeNewswire,
32 days ago

Nasdaq

Daily Dividend Report: UBSI,GNTX,OXY,VMI,CNMD.

Nasdaq,
32 days ago

Investing.com India

Gentex Corp Declares $0.12 Quarterly Dividend; 1.7% Yield By ....

Investing.com India,
32 days ago

Schedule 13G FIlings of Gentex

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
10.15%
23,811,022
SC 13G/A
Jan 27, 2023
blackrock inc.
9.3%
21,699,625
SC 13G/A
Jan 24, 2023
blackrock inc.
9.3%
21,699,625
SC 13G/A
Feb 10, 2022
vanguard group inc
10.12%
23,944,606
SC 13G/A
Feb 01, 2022
blackrock inc.
8.8%
20,799,366
SC 13G/A
Apr 12, 2021
vanguard group inc
10.26%
24,997,451
SC 13G/A
Feb 10, 2021
vanguard group inc
9.36%
22,944,337
SC 13G/A
Jan 29, 2021
blackrock inc.
8.9%
21,745,806
SC 13G/A
Mar 06, 2020
vanguard group inc
10.06%
25,291,502
SC 13G/A
Feb 12, 2020
vanguard group inc
9.85%
24,931,717
SC 13G/A

GNTX Fair Value

Gentex fair value in different scenarios

The table shows the Fair Value estimates for Gentex 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

14.99

-46.52%

17.83

-36.39%

25.28

-9.81%

34.95

24.69%

40.19

43.38%
Current Inflation

14.27

-49.09%

16.57

-40.88%

22.92

-18.23%

31.02

10.67%

35.38

26.22%
Very High Inflation

13.34

-52.41%

15.01

-46.45%

20.09

-28.33%

26.43

-5.71%

29.82

6.39%

Historical Gentex Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Gentex

View All Filings
Date Filed Form Type Document
Mar 07, 2023
4
Insider Trading
Feb 22, 2023
10-K
Annual Report
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 07, 2023
8-K
Current Report

Latest Insider Trading transactions for GNTX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-06
Boehm Neil
sold
-35,285
28.41
-1,242
chief technology officer
2023-03-06
Boehm Neil
acquired
19,487
15.69
1,242
chief technology officer
2023-02-21
Chiodo Matthew
acquired
-
-
6,289
vice president of sales
2023-02-21
Ryan Scott P
sold
-279,948
28.2919
-9,895
general counsel
2023-02-21
Downing Steven R
sold (taxes)
-508,480
28.65
-17,748
president and ceo
2023-02-21
Ryan Scott P
acquired
-
-
5,570
general counsel
2023-02-21
Boehm Neil
sold (taxes)
-176,455
28.65
-6,159
chief technology officer
2023-02-21
Boehm Neil
acquired
-
-
7,772
chief technology officer
2023-02-21
Nash Kevin C
sold (taxes)
-158,033
28.65
-5,516
chief financial officer
2023-02-21
Chiodo Matthew
sold (taxes)
-144,052
28.65
-5,028
vice president of sales

1–10 of 50

About Gentex

Steve R. Downing
www.gentex.com
5000
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive Products and Other segments. The company offers 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 provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling alarms, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential buildings, as well as researches and develops nanofiber chemical sensing products. The company 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 incorporated in 1974 and is headquartered in Zeeland, Michigan.

GNTX Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
NET SALES$ 1,918,958,043$ 1,731,169,929$ 1,688,189,405
COST OF GOODS SOLD1,309,143,8581,111,462,0821,082,745,885
Gross profit609,814,185619,707,847605,443,520
OPERATING EXPENSES:   
Engineering, research and development133,308,804117,763,676115,935,047
Selling, general and administrative106,499,25592,162,19389,952,381
Total operating expenses239,808,059209,925,869205,887,428
Income from operations370,006,126409,781,978399,556,092
OTHER INCOME:   
Investment income4,795,8233,589,7986,986,303
Other (loss) income, net(5,078,873)2,979,9605,270,534
Total other (loss) income(283,050)6,569,75812,256,837
Income before provision for income taxes369,723,076416,351,736411,812,929
PROVISION FOR INCOME TAXES50,965,72455,554,50464,249,308
NET INCOME$ 318,757,352$ 360,797,232$ 347,563,621
EARNINGS PER SHARE:   
Basic (in dollars per share)[1]$ 1.36$ 1.51$ 1.41
Diluted (in dollars per share)[1]1.361.501.41
Cash Dividends Declared per Share (in dollars per share)$ 0.48$ 0.480$ 0.480
[1](1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards

GNTX Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents$ 214,754,638$ 262,311,670
Restricted cash4,000,0000
Short-term investments23,007,3855,423,612
Accounts receivable, net276,493,752249,794,906
Inventories, net404,360,270316,267,442
Prepaid expenses and other26,036,33139,178,119
Total current assets948,652,376872,975,749
PLANT AND EQUIPMENT:  
Land, buildings and improvements376,934,354363,646,380
Machinery and equipment935,848,288883,240,100
Construction-in-process165,574,86777,592,152
Total Plant and Equipment1,478,357,5091,324,478,632
Less- Accumulated depreciation(928,324,473)(860,356,956)
Net Plant and Equipment550,033,036464,121,676
OTHER ASSETS:  
Goodwill313,807,494313,960,209
Long-term investments153,906,005207,693,147
Equity method investments48,425,9780
Intangible assets, net219,360,910239,189,627
Deferred tax asset25,528,7004,795,678
Patents and other assets, net67,515,42528,655,080
Total Other Assets828,544,512794,293,741
TOTAL ASSETS2,327,229,9242,131,391,166
CURRENT LIABILITIES:  
Accounts payable151,740,04698,342,928
Accrued liabilities:  
Salaries, wages and vacation17,517,58014,019,643
Income taxes18,726,857196,863
Royalties19,208,41119,140,907
Dividends payable28,100,32028,372,901
Other15,259,53821,582,858
Total current liabilities250,552,752181,656,100
OTHER NON-CURRENT LIABILITIES10,884,35111,746,599
TOTAL LIABILITIES261,437,103193,402,699
SHAREHOLDERS’ INVESTMENT:  
Common stock, par value 0.06 per share; 400,000,000 shares authorized; 234,169,335 and 236,440,840 shares issued and outstanding in 2022 and 2021 respectively.14,050,16014,186,450
Additional paid-in capital917,499,323879,413,385
Retained earnings1,148,386,2721,042,461,388
Accumulated other comprehensive (loss) income:  
Unrealized (loss) gain on investments, net(10,110,695)1,006,655
Cumulative translation adjustment(4,032,239)920,589
Total shareholders’ investment2,065,792,8211,937,988,467
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT$ 2,327,229,924$ 2,131,391,166