Stoneridge Inc Stock Research

Market Summary

USD17.50+1.13

Market Closed

6.90%

SRI Stock Price

SRI RSI Chart

SRI Valuation

Market Cap

450.4M

Price/Earnings (Trailing)

-32.04

Price/Sales (Trailing)

0.49

EV/EBITDA

62.18

Price/Free Cashflow

25.83

SRI Price/Sales (Trailing)

SRI Profitability

EBT Margin

-1.19%

Return on Equity

-7.74%

Return on Assets

-3.14%

Free Cashflow Yield

3.87%

SRI Fundamentals

SRI Revenue

Revenue (TTM)

920.2M

Revenue Y/Y

9.17%

Revenue Q/Q

4.39%

SRI Earnings

Earnings (TTM)

-20.4M

Earnings Y/Y

103.68%

Earnings Q/Q

-68.95%

Price Action

52 Week Range

14.1825.87

(Low)(High)

Last 7 days

1.1%

Last 30 days

-13.8%

Last 90 days

-19.9%

Trailing 12 Months

-22.2%

SRI Financial Health

Current Ratio

2.3

SRI Investor Care

Shares Dilution (1Y)

0.72%

Diluted EPS (TTM)

-0.51

Peers (Alternatives to Stoneridge)

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	678.1B	86.0B	29.45%	-15.91%	57.7	7.88	38.34%	39.91%
GM	47.9B	160.7B	-0.18%	-13.13%	5.12	0.3	23.16%	-5.45%
APTV	25.4B	18.1B	-10.89%	-16.10%	38.03	1.4	14.94%	73.70%
BWA	11.2B	16.1B	-4.29%	14.19%	11.62	0.69	9.55%	43.01%
MID-CAP
LEA	7.8B	21.5B	0.75%	-9.83%	18.43	0.36	12.61%	92.12%
ALV	7.3B	9.2B	-3.37%	4.06%	17.65	0.79	13.55%	14.05%
GNTX	6.4B	2.0B	-5.04%	-12.98%	19.43	3.19	16.66%	-1.81%
ADNT	3.4B	14.7B	-8.53%	-5.74%	281.26	0.23	13.44%	-98.41%
LCII	2.8B	4.5B	-4.28%	-5.54%	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	854.1M	5.9B	-2.42%	-21.71%	14.68	0.15	13.40%	283.60%
GTX	553.5M	3.7B	1.43%	44.82%	1.45	0.15	3.82%	-44.33%
SRI	450.4M	920.2M	-13.80%	-22.16%	-32.04	0.49	15.35%	-512.68%
CPS	198.6M	2.6B	-16.67%	90.97%	-0.7	0.08	14.10%	18.88%

Financials for Stoneridge

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.3%	920,190,000	899,923,000	872,404,000	827,327,000	797,725,000
S&GA Expenses	2.3%	109,159,000	106,695,000	110,544,000	111,581,000	114,023,000
R&D Expenses	-0.1%	65,236,000	65,296,000	68,287,000	68,601,000	68,542,000
EBITDA	58.7%	11,027,000	6,950,000	-4,037,000	28,128,000	-
EBITDA Margin	53.8%	0.01	0.01	0.00	0.04	-
Earnings Before Taxes	-17.9%	-12,608,000	-10,696,000	-15,261,000	-26,813,000	5,705,000
EBT Margin	32.1%	-0.01	-0.02	-0.03	0.01	-
Interest Expenses	-43.0%	-7,097,000	-4,964,000	-4,566,000	-5,209,000	-
Net Income	31.3%	-14,056,000	-20,447,000	-31,536,000	-4,399,000	-
Net Income Margin	3.1%	-0.02	-0.02	-0.04	-0.01	-
Free Cahsflow	116.7%	6,806,000	-40,697,000	-31,425,000	-38,993,000	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	2.9%	671	652	633	638	651
Current Assets	3.3%	423	410	399	396	396
Cash Equivalents	-35.8%	35.00	55.00	32.00	41.00	41.00
Inventory	10.6%	169	153	151	144	148
Net PPE	2.8%	108	105	102	105	109
Goodwill	1.3%	35.00	34.00	31.00	34.00	35.00
Current Liabilities	13.7%	202	178	178	180	179
LT Debt, Current	0.4%	1.00	1.00	3.00	4.00	5.00
Shareholder's Equity	6.4%	281	264	273	294	-
Retained Earnings	-3.7%	194	202	201	201	208
Additional Paid-In Capital	-2.9%	226	233	232	230	229
Shares Outstanding	0.6%	28.00	27.00	27.00	27.00	27.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	156.2%	17.00	7.00	-40.70	-31.42	-38.99
Share Based Compensation	-17.3%	5.00	6.00	6.00	6.00	6.00
Cashflow From Investing	-5.3%	-30.10	-28.58	-4.57	-4.39	28.00
Cashflow From Financing	205.9%	8.00	-7.30	32.00	25.00	-7.09
Buy Backs	-	0.00	-	-	-	-

Risks for SRI

What is the probability of a big loss on SRI?

86.9%

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

66.9%

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

37.7%

Probability that Stoneridge 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 SRI drawdown profile look like?

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

Drawdowns

Returns for SRI

Cumulative Returns on SRI

3.9%

10-Year Cumulative Returns

-0.2%

7-Year Cumulative Returns

-12.5%

5-Year Cumulative Returns

-7.3%

3-Year Cumulative Returns

What are the long-term rolling returns for SRI?

FIve years rolling returns for Stoneridge.

Annualized Returns

Which funds bought or sold SRI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-25	Brandywine Global Investment Management, LLC	added	100	3,134,910	7,401,870	0.03%
2023-05-23	ROYCE & ASSOCIATES LP	reduced	-2.21	-3,444,340	19,247,000	0.19%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-0.7	-420,208	2,611,790	-%
2023-05-22	American Trust	reduced	-2.03	-40,421	228,626	0.02%
2023-05-22	PUTNAM INVESTMENTS LLC	new	-	212,488	212,488	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-27.61	-148,000	249,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	36.7	62,000	397,000	-%
2023-05-17	Thrivent Financial for Lutherans	added	49.39	8,748,000	38,330,000	0.09%
2023-05-16	JANE STREET GROUP, LLC	sold off	-100	-378,011	-	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	new	-	223,802	223,802	-%

Latest Funds Activity

Are funds buying SRI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SRI

No. of Funds

Stoneridge News

Schedule 13G FIlings of Stoneridge

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	frontier capital management co llc	7.1%	1,927,745	SC 13G
Feb 14, 2023	cooke & bieler lp	5.5%	1,512,609	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.3%	81,295	SC 13G/A
Feb 13, 2023	cooper creek partners management llc	6.80%	1,858,838	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.2%	1,429,458	SC 13G
Feb 09, 2023	vanguard group inc	4.99%	1,363,481	SC 13G/A
Feb 07, 2023	thrivent financial for lutherans	5.02%	1,372,083	SC 13G
Jan 31, 2023	blackrock inc.	7.0%	1,924,502	SC 13G/A
Feb 14, 2022	cooper creek partners management llc	7.06%	1,919,793	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	5.0%	1,378,278	SC 13G/A

SRI Fair Value

Show Fair-Value

Recent SEC filings of Stoneridge

View All Filings

Date Filed	Form Type	Document
May 30, 2023	SD	SD
May 17, 2023	8-K	Current Report
May 03, 2023	10-Q	Quarterly Report
May 03, 2023	8-K	Current Report
Apr 20, 2023	8-K	Current Report
Apr 18, 2023	8-K/A	Current Report
Apr 06, 2023	ARS	ARS
Apr 06, 2023	DEF 14A	DEF 14A
Apr 06, 2023	DEFA14A	DEFA14A
Apr 05, 2023	4/A	Insider Trading

Latest Insider Trading transactions for SRI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-13	Schlather Paul J.	acquired	-	-	7,745	-
2023-03-13	Korth Kim	acquired	-	-	7,745	-
2023-03-13	Rutt Sheila M	acquired	-	-	7,745	-
2023-03-13	Sklarsky Frank S	acquired	-	-	7,745	-
2023-03-13	Kaplan Ira C.	acquired	-	-	7,745	-
2023-03-13	Mayes George S JR	acquired	-	-	7,745	-
2023-03-13	DRAIME JEFFREY P	acquired	-	-	7,745	-
2023-03-13	LASKY WILLIAM M	acquired	-	-	7,745	-
2023-03-13	Reinhardt Carsten J	acquired	-	-	7,745	-

About Stoneridge

Jonathan Blair de Gaynor

www.stoneridge.com

5000

Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. It operates in three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers sensors, switches, actuators, and connectors that monitor, measure, or activate specific functions within a vehicle. The Electronics segment designs and manufactures driver information systems, camera-based vision systems, connectivity, and compliance products. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment's electronic control units regulate, coordinate, monitor, and direct the operation of the electrical system within a vehicle. The Stoneridge Brazil segment designs, manufactures, and sells vehicle tracking devices and monitoring services; vehicle security alarms and convenience accessories; in-vehicle audio and infotainment devices; and telematics solutions. It provides its products and systems to various original equipment manufacturers and Tier 1 customers, as well as aftermarket distributors and mass merchandisers for use in various vehicle platforms. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan.

SRI Income Statement

2023-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net sales	$ 241,325	$ 221,058
Costs and expenses:
Cost of goods sold	198,523	179,615
Selling, general and administrative	29,863	27,399
Design and development	16,968	17,028
Operating loss	(4,029)	(2,984)
Interest expense, net	2,746	1,786
Equity in loss of investee	171	81
Other expense, net	1,148	1,331
Loss before income taxes	(8,094)	(6,182)
(Benefit) provision for income taxes	(708)	1,493
Net loss	$ (7,386)	$ (7,675)
Loss per share:
Basic (in dollars per share)	$ (0.27)	$ (0.28)
Diluted (in dollars per share)	$ (0.27)	$ (0.28)
Weighted-average shares outstanding:
Basic (in shares)	27,349,357	27,198,677
Diluted (in shares)	27,349,357	27,198,677

SRI Balance Sheet

2023-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 35,165	$ 54,798
Accounts receivable, less reserves of $853 and $962, respectively	175,666	158,155
Inventories, net	168,701	152,580
Prepaid expenses and other current assets	43,604	44,018
Total current assets	423,136	409,551
Long-term assets:
Property, plant and equipment, net	107,591	104,643
Intangible assets, net	45,585	45,508
Goodwill	34,659	34,225
Operating lease right-of-use asset	13,352	13,762
Investments and other long-term assets, net	46,415	44,416
Total long-term assets	247,602	242,554
Total assets	670,738	652,105
Current liabilities:
Current portion of debt	1,456	1,450
Accounts payable	131,996	110,202
Accrued expenses and other current liabilities	68,547	66,040
Total current liabilities	201,999	177,692
Long-term liabilities:
Revolving credit facility	167,393	167,802
Deferred income taxes	8,310	8,498
Operating lease long-term liability	10,043	10,594
Other long-term liabilities	6,750	6,577
Total long-term liabilities	192,496	193,471
Shareholders' equity:
Preferred Shares, without par value, 5,000 shares authorized, none issued	0	0
Common Shares, without par value, 60,000 shares authorized, 28,966 and 28,966 shares issued and 27,513 and 27,341 shares outstanding at March 31, 2023 and December 31, 2022, respectively, with no stated value	0	0
Additional paid-in capital	225,956	232,758
Common Shares held in treasury, 1,453 and 1,625 shares at March 31, 2023 and December 31, 2022, respectively, at cost	(44,717)	(50,366)
Retained earnings	194,306	201,692
Accumulated other comprehensive loss	(99,302)	(103,142)
Total shareholders' equity	276,243	280,942
Total liabilities and shareholders' equity	$ 670,738	$ 652,105