ST
Sensata Technologies Holding Plc
Industrial/Transportation, TMT
03/08/2023
Presented
| Date | 03/02/2023 |
| Price | $51.02 |
| Market Cap | $7.78B |
| Ent Value | $9.24B |
| P/E Ratio | 25.33x |
| Book Value | $20.41 |
| Div Yield | 0.86% |
| Shares O/S | 152.49M |
| Ave Daily Vol | 1,192,257 |
| Short Int | 1.55% |
Current
| Price | $35.45 |
| Market Cap | $5.35B |
| Sensata Technologies Holding Plc is a global industrial technology company, which engages in the development, manufacture, and sale of sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications. The firm operates through the Performance Sensing and Sensing Solutions segments. The Performance Sensing segment serves the automotive and heavy vehicle and off-road (HVOR) industries through the development and manufacture of sensors, high-voltage solutions, and other solutions used in mission-critical systems and applications. The Sensing Solutions segment engages in the industrial and aerospace industries through the development and manufacture of a portfolio of application-specific sensor and electrical protection products used in industrial markets, including the appliance, heating, ventilation, and air conditioning (HVAC), water management, operator controls, charging infrastructure, renewable energy generation, green hydrogen production, and microgrid applications and markets, as well as the aerospace market, including commercial aircraft, defense, and aftermarket markets. The company was founded by Rathbun Willard in 1916 and is headquartered in Attleboro, MA. |
Publicly traded companies mentioned herein: Amphenol Corp. (APH), Ford Motor Company (F), General Motors Company (GM), Sensata Technologies (ST), TE Connectivity (TEL)
Highlights
The presenter has been a long-term observer of Sensata Technologies (ST) and believes the company is well positioned now to play a critical role within the two secular megatrends of “electrification of everything” and “smart and connected devices and systems.” In recent years, new management has aggressively transitioned ST from a mechanical sensors designer and manufacturer to a developer of high voltage sensors for the automotive (including EVs), industrial and appliance industries. The ongoing electrification of vehicles should provide a tailwind for high growth in a large $15B TAM (components, systems, storage), driven by regulation, declining cost of batteries and investments in EV charging infrastructure. Barring a prolonged recession, ST's cyclical headwinds should be short-lived with the company positioned to benefit from China reopening and market share gains.
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