VC
Visteon Corporation
Industrial/Transportation
10/27/2014
Presented
| Date | 10/24/2014 |
| Price | $93.22 |
| Market Cap | $4.10B |
| Ent Value | $4.65B |
| P/E Ratio | 13.58x |
| Book Value | $27.43 |
| Div Yield | N/A |
| Shares O/S | 43.98M |
| Ave Daily Vol | 640,000 |
| Short Int | 5.13% |
Current
| Price | $89.78 |
| Market Cap | $2.48B |
| Visteon Corporation provides climate, electronic and interior systems, modules, and components to automotive original equipment manufacturers worldwide. It operates in the Climate, Electronics, and Interiors segments. The Climate segment offers integrated heating, ventilation, and air conditioning systems; and components and modules that provide cooling and thermal management for the vehicle’s engine and transmission, as well as for batteries and power electronics on hybrid and electric vehicles. This segment’s products include evaporators, condensers, heater cores, climate controls, compressors, air handling cases, and fluid transport systems; and radiators, oil coolers, charge air coolers, exhaust gas coolers, battery and power electronics coolers and systems, and fluid transport systems. The Electronics segment offers audio/infotainment products, including audio and infotainment head units, connectivity solutions, amplifiers, and rear seat family entertainment systems; and a line of instrument clusters and displays ranging from standard analog-electronic clusters to high resolution TFT devices. This segment also provides a line of single zone electronic climate control modules; and decorative control panel technologies, including various modes for user interface technologies, various display and styling-related technologies, and a range of cockpit electronic features. In addition, it designs and manufactures body electronics and security modules for managing various access control and immobilization functions. The Interior segment designs and manufactures cockpit modules, instrument panels, door and console modules, and interior trims. Further, the company sells its products for use as aftermarket and service parts to automotive original equipment manufacturers and others for resale through independent distribution networks. It has strategic alliance with OpenSynergy GmbH. The company was founded in 2000 and is headquartered in Van Buren Township, Michigan. |
Publicly traded companies mentioned herein: Delphi Automotive Plc (DLPH), Halla Visteon Climate Control Corp (018880 KS), Harman International Industries Inc (HAR), Johnson controls (Inc.)Visteon Corporation (VC)
Highlights
The presenter is long shares of Visteon Corporation (VC) and sees a favorable risk/ reward and entry point in the low/ mid-$90s. The recent volatility in the market and sell off in event-driven and special situations plays (as well as concerns about SAAR) have hit VC “really hard,” knocking shares down from an early September, 52 week high of $109 to ~$93. The automotive supplier is undergoing a significant restructuring, and after agreeing to divest most of its interiors business the company is left with two main segments: an electronics business and a fully integrated heating, ventilation and air conditioning (HVAC) systems business.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.