Price movement of Gentex
Gentex Corporation (GNTX) has a market cap of $4.2 billion. GNTX fell by 0.42% to close at $14.28 per share as of February 25, 2016. The price movement on a weekly, monthly, and year-to-date (or YTD) basis is -1.9%, 2.7%, and -10.3%, respectively.
Currently, GNTX is trading 2.8% above its 20-day moving average, 1.5% below its 50-day moving average, and 9.2% below its 200-day moving average.
The Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) invests 0.58% of its holdings in Gentex. The ETF tracks a market-cap-weighted index of growth companies culled from the S&P 400. The YTD price movement of IVOG was -6.3% as of February 24, 2016.
The market cap of Gentex’s competitors are as follows:
Gentex declared dividend
Gentex has declared a quarterly cash dividend of $0.085 (8.5 cents) per share on its common stock. The dividend will be paid on April 17, 2016, to shareholders of record at the close of business on April 7, 2016.
Performance of Gentex in recent fiscal 4Q15 and fiscal 2015
Gentex reported fiscal 4Q15 net sales of $405.6 million, a rise of 15.8% compared to net sales of $350.4 million in fiscal 4Q14. The company’s gross profit and operating income rose by 21.2% and 28.5%, respectively, in fiscal 4Q15, compared to fiscal 4Q14.
Its net income and EPS (earnings per share) rose to $88.4 million and $0.30, respectively, in fiscal 4Q15, compared to $71.0 million and $0.24, respectively, in fiscal 4Q14.
During fiscal 4Q15, the company repurchased ~1.8 million shares of its common stock.
Fiscal 2015 results
In fiscal 2015, GNTX reported net sales of $1,543.6 million, a rise of 12.2% YoY (year-over-year). Its net income and EPS rose to $318.5 million and $1.08, respectively, in fiscal 2015, compared to $288.6 million and $0.98, respectively, in fiscal 2014.
Meanwhile, its cash and cash equivalents rose by 10.9%. Its current ratio rose to 7.5x in fiscal 2015, compared to 6.4x in fiscal 2014.
During fiscal 2015, the company repurchased ~6.7 million shares of its common stock. As of December 31, 2015, it has ~4.6 million shares remaining for repurchase in the plan.
The PE (price-to-earnings) and PBV (price-to-book value) ratios of Gentex are 13.4x and 2.4x, respectively, as of February 25, 2016.
The company has made the following projections for fiscal 2016:
- revenue to be in the range of $1.64 to $1.72 billion
- gross margin to be in the range of 38.5% to 39.5%
- tax rate in the range of 31.5% to 32.5%
- capital expenditures in the range of $115 to $130 million
The company also expects 2017 revenue growth, over and above the foregoing 2016 revenue, estimated of ~6%–10%.
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