Market Summary
USD7.59-0.05
Market Closed-0.65%
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Price Action
52 Week Range
5.578.68
(Low)(High)
Last 7 days
-4.4%
Last 30 days
-5.4%
Last 90 days
3.1%
Trailing 12 Months
19.9%
GTX Financial Health
GTX Investor Care
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Net sales
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Latest Insider Trading transactions for GTX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-11 | CYRUS CAPITAL PARTNERS, L.P. | sold | -26,844,300 | 7.7 | -3,486,270 | - |
2023-06-15 | BAUPOST GROUP LLC/MA | sold | -7,738,750 | 7.55 | -1,025,000 | - |
2023-06-14 | BAUPOST GROUP LLC/MA | sold | -23,963,000 | 7.73 | -3,100,000 | - |
2023-06-13 | BAUPOST GROUP LLC/MA | sold | -4,000,000 | 8.00 | -500,000 | - |
2023-06-13 | BAUPOST GROUP LLC/MA | acquired | - | - | 25,462,800 | - |
2023-06-13 | Sessa Capital GP, LLC | acquired | - | - | 1,731,900 | - |
2023-06-12 | HONEYWELL INTERNATIONAL INC | acquired | - | - | 4,196,330 | - |
2023-06-12 | CYRUS CAPITAL PARTNERS, L.P. | acquired | - | - | 23,636,300 | - |
2023-06-09 | CYRUS CAPITAL PARTNERS, L.P. | sold | -8,909,500 | 8.2004 | -1,086,470 | - |
2023-06-08 | BAUPOST GROUP LLC/MA | sold | -4,100,000 | 8.2 | -500,000 | - |
Which funds bought or sold GTX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | -3.00 | 227 | -% |
2023-09-20 | BARCLAYS PLC | added | 888 | 44,000 | 49,000 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 1,113 | 1,113 | -% |
2023-09-01 | Orchard Capital Management, LLC | sold off | -100 | -8,417,320 | - | -% |
2023-09-01 | Orchard Capital Management, LLC | new | - | 7,915,600 | 7,915,600 | 2.66% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | - | - | -% |
2023-08-22 | NEW SOUTH CAPITAL MANAGEMENT INC | reduced | -8.45 | -1,518,100 | 14,425,100 | 0.64% |
2023-08-21 | ADVISOR GROUP HOLDINGS, INC. | sold off | -100 | -10,668 | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | new | - | 216,275 | 216,275 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 185 | 128,805 | 200,005 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
GTX Alerts
Schedule 13G FIlings of Garrett Motion
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 10, 2023 | baupost group llc/ma | 2.31% | 5,987,289 | SC 13D/A | |
| Jul 27, 2023 | baupost group llc/ma | 6.14% | 15,887,289 | SC 13D/A | |
| Jul 17, 2023 | baupost group llc/ma | 7.96% | 21,137,289 | SC 13D/A | |
| Jun 15, 2023 | baupost group llc/ma | 9.99% | 26,570,589 | SC 13D/A | |
| Jun 14, 2023 | centerbridge credit partners master, l.p. | 4.41% | 11,721,162 | SC 13D/A | |
| Jun 14, 2023 | oaktree capital management lp | 3.5% | 9,174,940 | SC 13D/A | |
| Jun 14, 2023 | honeywell international inc | 2.67% | 7,092,446 | SC 13D/A | |
| Jun 12, 2023 | cyrus capital partners, l.p. | 13.1% | 32,421,469 | SC 13D/A | |
| Jun 09, 2023 | oaktree capital management lp | 11.8% | 8,448,888 | SC 13D/A | |
| Jun 08, 2023 | sessa capital (master), l.p. | 9.5% | 23,504,588 | SC 13D/A |
Recent SEC filings of Garrett Motion
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 15, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | SC 13D/A | 13D - Major Acquisition | |
| Aug 02, 2023 | 424B3 | Prospectus Filed | |
| Aug 02, 2023 | 8-K | Current Report | |
| Jul 27, 2023 | 10-Q | Quarterly Report | |
| Jul 27, 2023 | 424B3 | Prospectus Filed | |
| Jul 27, 2023 | 424B3 | Prospectus Filed | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 27, 2023 | SC 13D/A | 13D - Major Acquisition | |
| Jul 17, 2023 | SC 13D/A | 13D - Major Acquisition |
Peers (Alternatives to Garrett Motion)
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 | 777.2B | 94.0B | 3.39% | -15.15% | 63.74 | 8.27 | 39.99% | 28.15% |
GM | 45.1B | 169.7B | -2.92% | -12.44% | 4.42 | 0.27 | 28.48% | 17.97% |
APTV | 27.7B | 19.3B | -0.15% | 12.73% | 29.03 | 1.44 | 20.28% | 442.05% |
BWA | 9.5B | 16.9B | 2.31% | 18.31% | 10.02 | 0.56 | 14.72% | 48.05% |
| MID-CAP | ||||||||
ALV | 8.2B | 9.8B | 0.97% | 37.69% | 21.1 | 0.84 | 19.51% | 15.13% |
LEA | 7.8B | 22.5B | -6.70% | 4.18% | 15.03 | 0.35 | 15.59% | 362.44% |
GNTX | 7.2B | 2.1B | -0.90% | 27.18% | 22.03 | 3.62 | 21.15% | 13.96% |
ADNT | 3.4B | 15.3B | -5.49% | 18.23% | 29.58 | 0.22 | 15.66% | -85.53% |
LCII | 3.0B | 4.0B | -4.13% | 8.53% | 35.09 | 0.74 | -27.79% | -82.89% |
| SMALL-CAP | ||||||||
GTX | 2.0B | 3.8B | -5.36% | 19.91% | 5.44 | 0.52 | 10.49% | 1.37% |
AXL | 844.3M | 6.0B | -1.23% | -3.35% | 19.5 | 0.14 | 12.58% | 274.60% |
SRI | 542.5M | 966.1M | -6.76% | 11.36% | -57.59 | 0.56 | 16.77% | 70.13% |
CPS | 249.9M | 2.7B | -8.39% | 105.81% | -0.89 | 0.09 | 15.58% | 12.70% |
Garrett Motion News
Returns for GTX
Cumulative Returns on GTX
Risks for GTX
What is the probability of a big loss on GTX?
86.4%
Probability that Garrett Motion stock will be more than 20% underwater in next one year
1.6%
Probability that Garrett Motion stock will be more than 30% underwater in next one year.
0%
Probability that Garrett Motion 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 GTX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Garrett Motion was unfortunately bought at previous high price.
Drawdowns
Financials for Garrett Motion
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 4.1% | 3,824 | 3,672 | 3,603 | 3,567 | 3,461 | 3,537 | 3,633 | 3,779 | 3,744 | 3,286 | 3,034 | 2,856 | 2,833 | 3,158 | 3,248 | 3,217 | 3,220 | 3,295 | 3,375 | 3,380 | 3,341 |
| Gross Profit | 4.7% | 730 | 697 | 683 | 677 | 662 | 686 | 707 | 726 | 710 | 597 | 539 | 526 | 551 | 653 | 711 | 722 | 728 | 761 | 776 | 777 | 776 |
| S&GA Expenses | 4.1% | 228 | 219 | 216 | 214 | 217 | 214 | 216 | 224 | 262 | 258 | 260 | 247 | 217 | 228 | 231 | 249 | 241 | 246 | 249 | 255 | 256 |
| EBITDA | -100.0% | - | 649 | 662 | 620 | 589 | 930 | 723 | 692 | 606 | 155 | 284 | 300 | 360 | 443 | 487 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.18* | 0.18* | 0.17* | 0.17* | 0.26* | 0.20* | 0.18* | 0.16* | 0.05* | 0.09* | 0.11* | 0.13* | 0.14* | 0.15* | - | - | - | - | - | - |
| Interest Expenses | 11.5% | 97.00 | 87.00 | 82.00 | 84.00 | 91.00 | 95.00 | 93.00 | 93.00 | 88.00 | 84.00 | 79.00 | 72.00 | 70.00 | 68.00 | 68.00 | 68.00 | 51.00 | 33.00 | 19.00 | 6.00 | 7.00 |
| Earnings Before Taxes | -0.8% | 475 | 479 | 496 | 450 | 410 | 744 | 538 | 503 | 422 | -15.00 | 119 | 155 | 217 | 302 | 346 | 359 | 360 | 380 | 396 | 397 | 398 |
| EBT Margin | -100.0% | - | 0.13* | 0.14* | 0.13* | 0.12* | 0.21* | 0.15* | 0.13* | 0.11* | 0.00* | 0.04* | 0.05* | 0.08* | 0.10* | 0.11* | - | - | - | - | - | - |
| Net Income | -3.7% | 369 | 383 | 390 | 406 | 364 | 688 | 495 | 393 | 341 | -77.00 | 80.00 | 190 | 217 | 292 | 313 | 246 | 1,137 | 1,221 | 1,206 | -83.00 | -955 |
| Net Income Margin | -100.0% | - | 0.10* | 0.11* | 0.11* | 0.11* | 0.19* | 0.14* | 0.10* | 0.09* | -0.02* | 0.03* | 0.07* | 0.08* | 0.09* | 0.10* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 324 | 284 | 298 | 174 | -352 | -382 | -360 | -328 | -59.00 | -55.00 | -126 | -4.00 | 143 | 140 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2017Q4 |
| Assets | 3.6% | 2,892 | 2,791 | 2,637 | 2,603 | 2,462 | 2,688 | 2,706 | 2,717 | 2,837 | 2,835 | 3,017 | 2,467 | 2,066 | 2,254 | 2,275 | 2,146 | 2,172 | 2,172 | 2,124 | 2,290 | 2,997 |
| Current Assets | 8.5% | 1,742 | 1,605 | 1,431 | 1,371 | 1,257 | 1,480 | 1,511 | 1,609 | 1,734 | 1,735 | 1,879 | 1,392 | 1,004 | 1,188 | 1,199 | 1,193 | 1,214 | 1,239 | 1,179 | 1,185 | 2,084 |
| Cash Equivalents | 64.3% | 478 | 291 | 246 | 159 | 146 | 315 | 423 | 456 | 401 | 382 | 592 | 312 | 139 | 254 | 187 | 190 | 182 | 207 | 196 | 197 | 300 |
| Inventory | 3.7% | 312 | 301 | 270 | 283 | 284 | 301 | 244 | 278 | 275 | 258 | 235 | 237 | 234 | 225 | 220 | 193 | 193 | 181 | 172 | 183 | 188 |
| Net PPE | -2.2% | 452 | 462 | 470 | 419 | 443 | 469 | 485 | 472 | 481 | 484 | 505 | 465 | 457 | 457 | 471 | 430 | 435 | 424 | 438 | 422 | 442 |
| Goodwill | 0% | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 | 193 |
| Liabilities | 22.4% | 3,515 | 2,871 | 2,753 | 2,705 | 2,693 | 3,045 | 3,174 | 3,350 | 3,543 | 5,135 | 5,325 | 4,663 | 4,169 | 4,300 | 4,408 | 4,410 | 4,589 | 4,624 | 4,641 | 4,746 | 5,192 |
| Current Liabilities | 2.7% | 1,518 | 1,478 | 1,375 | 1,339 | 1,273 | 1,380 | 1,508 | 1,499 | 1,492 | 1,852 | 1,831 | 1,032 | 1,165 | 1,376 | 1,392 | 1,388 | 1,401 | 1,461 | 1,440 | 1,458 | 2,548 |
| LT Debt, Current | 757.1% | 60.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 5.00 | - | - | - | - | 4.00 | 4.00 | 4.00 | 4.00 | 14.00 | 23.00 | 23.00 | 28.00 | - |
| LT Debt, Non Current | 53.2% | 1,772 | 1,157 | 1,148 | 1,108 | 1,139 | 1,166 | 1,181 | 1,195 | 1,204 | 1,049 | 1,082 | 1,045 | 1,403 | 1,389 | 1,409 | 1,477 | 1,552 | 1,542 | 1,569 | 1,577 | - |
| Retained Earnings | -26.8% | -1,834 | -1,446 | -1,485 | -1,555 | -1,618 | -1,703 | -1,790 | -1,909 | -1,972 | -2,312 | -2,207 | -2,233 | -2,244 | -2,235 | -2,282 | -2,494 | -2,532 | -2,598 | -2,595 | -2,464 | -2,433 |
| Additional Paid-In Capital | -11.4% | 1,184 | 1,336 | 1,333 | 1,331 | 1,329 | 1,327 | 1,326 | 1,334 | 1,332 | 30.00 | 28.00 | 26.00 | 24.00 | 20.00 | 19.00 | 19.00 | 14.00 | 10.00 | 5.00 | - | - |
| Shares Outstanding | 307.0% | 264 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 70.00 | 76.00 | 76.00 | 76.00 | 76.00 | 75.00 | 75.00 | 75.00 | 75.00 | 74.00 | 74.00 | 74.00 | 74.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 15.2% | 454 | 394 | 375 | 374 | 258 | -269 | -310 | -285 | -271 | - | 25.00 | -19.00 | 110 | 263 | 242 | 258 | 131 | 397 | 373 | 77.00 | 155 |
| Share Based Compensation | 16.7% | 14.00 | 12.00 | 11.00 | 10.00 | 9.00 | 7.00 | 7.00 | 7.00 | 7.00 | 10.00 | 10.00 | 12.00 | 15.00 | 15.00 | 18.00 | 19.00 | 18.00 | 19.00 | 21.00 | 19.00 | 20.00 |
| Cashflow From Investing | 10.0% | -63.00 | -70.00 | -91.00 | -76.00 | -84.00 | -83.00 | -71.00 | -74.00 | -55.00 | -58.00 | -80.00 | -103 | -117 | -105 | -86.00 | -95.00 | -77.00 | 17.00 | 192 | 250 | 348 |
| Cashflow From Financing | 72.4% | -91.00 | -330 | -482 | -659 | -613 | 44.00 | 139 | 552 | 775 | 367 | 530 | 239 | -32.00 | -96.00 | -163 | -164 | -119 | -500 | -658 | -315 | -420 |
| Dividend Payments | 0% | 125 | 125 | 83.00 | 42.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Buy Backs | 350.0% | 18.00 | 4.00 | 6.00 | 5.00 | 4.00 | 3.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
GTX Income Statement
2023-06-30CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Net sales (Note 3) | $ 1,011 | $ 859 | $ 1,981 | $ 1,760 |
| Cost of goods sold | 809 | 690 | 1,590 | 1,416 |
| Gross profit | 202 | 169 | 391 | 344 |
| Selling, general and administrative expenses | 63 | 54 | 119 | 107 |
| Other expense, net | 1 | 0 | 2 | 1 |
| Interest expense | 30 | 20 | 58 | 43 |
| Loss on extinguishment of debt | 0 | 5 | 0 | 5 |
| Non-operating expense (income) | 7 | (16) | 3 | (44) |
| Reorganization items, net | 0 | 1 | 0 | 2 |
| Income before taxes | 101 | 105 | 209 | 230 |
| Tax expense (Note 5) | 30 | 20 | 57 | 57 |
| Net income | 71 | 85 | 152 | 173 |
| Less: preferred stock dividends (Note 15) | (40) | (39) | (80) | (77) |
| Less: preferred stock deemed dividends (Note 15) | (232) | 0 | (232) | 0 |
| Net (loss) income available for distribution | $ (201) | $ 46 | $ (160) | $ 96 |
| (Loss) Earnings per common share | ||||
| Earnings per common share, basic (in USD per share) | $ (1.88) | $ 0.15 | $ (1.86) | $ 0.31 |
| Earnings per common share, diluted (in USD per share) | $ (1.88) | $ 0.15 | $ (1.86) | $ 0.31 |
| Weighted average common shares outstanding | ||||
| Weighted average common shares outstanding, basic (in shares) | 107,408,432 | 64,839,157 | 86,269,694 | 64,689,673 |
| Weighted average common shares outstanding, diluted (in shares) | 107,408,432 | 65,102,162 | 86,269,694 | 64,907,289 |
GTX Balance Sheet
2023-06-30CONSOLIDATED INTERIM BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 478 | $ 246 |
| Restricted cash | 1 | 2 |
| Accounts, notes and other receivables – net (Note 6) | 864 | 803 |
| Inventories – net (Note 8) | 312 | 270 |
| Other current assets | 87 | 110 |
| Total current assets | 1,742 | 1,431 |
| Investments and long-term receivables | 29 | 30 |
| Property, plant and equipment – net | 452 | 470 |
| Goodwill | 193 | 193 |
| Deferred income taxes | 230 | 232 |
| Other assets (Note 9) | 246 | 281 |
| Total assets | 2,892 | 2,637 |
| Current liabilities: | ||
| Accounts payable | 1,136 | 1,048 |
| Current maturities of long-term debt (Note 14) | 60 | 7 |
| Accrued liabilities (Note 11) | 322 | 320 |
| Total current liabilities | 1,518 | 1,375 |
| Long-term debt (Note 14) | 1,772 | 1,148 |
| Deferred income taxes | 21 | 25 |
| Other liabilities (Note 12) | 204 | 205 |
| Total liabilities | 3,515 | 2,753 |
| COMMITMENTS AND CONTINGENCIES (Note 20) | ||
| EQUITY (DEFICIT) | ||
| Common Stock, par value $0.001; 1,000,000,000 and 1,000,000,000 shares authorized, 264,653,768 and 64,943,238 issued and 264,403,053 and 64,832,609 outstanding as of June 30, 2023 and December 31, 2022, respectively | 0 | 0 |
| Additional paid–in capital | 1,184 | 1,333 |
| Retained deficit | (1,834) | (1,485) |
| Accumulated other comprehensive income (Note 17) | 27 | 36 |
| Total deficit | (623) | (116) |
| Total liabilities and deficit | 2,892 | 2,637 |
| Series A Cumulative Convertible Preferred Stock | ||
| EQUITY (DEFICIT) | ||
| Series A Preferred Stock, par value $0.001; zero and 245,089,671 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively | $ 0 | $ 0 |
Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers; and provides automotive software solutions. It offers its products in the aftermarket through distributors. Garrett Motion Inc. was incorporated in 2018 and is headquartered in Rolle, Switzerland.