GNTX

Gentex Corp

Industrial/Transportation


Presented:07/31/2018
Price:$23.20
Cap:$6.35B
Current Price:$29.30
Cap:$6.74B

Presented

Date07/31/2018
Price$23.20
Market Cap$6.35B
Ent Value$5.76B
P/E Ratio14.78x
Book Value$7.19
Div Yield1.9%
Shares O/S273.85M
Ave Daily Vol1,988,960
Short IntN/A

Current

Price$29.30
Market Cap$6.74B
Gentex Corp. engages in the design, development, and manufacture of electro-optical products for the automotive, commercial building, and aircraft industries. Its revenue is derived from the production and sales of automotive products in the United States, Germany, and Japan. Its products includes automatic-dimming rearview mirrors, dimmable aircraft windows, and commercial smoke alarms and signaling devices. The company was founded by Fred Bauer in 1974 and is headquartered in Zeeland, MI.

Publicly traded companies mentioned herein: Gentex Corp (GNTX)

Highlights

The presenter is short shares of Gentex (GNTX), the dominant supplier of auto-dimming mirrors to the auto industry, seeing falling ASPs and long-term volume pressures as automakers shift away from including high-tech content in mirrors. He finds the bull thesis of GNTX outgrowing the industry by increasing penetration unfounded, as GNTX’s higher margin products could see lower demand per his thesis. If the bearish view proves to be accurate, GNTX shares could trade down into the mid-to-high teens, from $23 today.

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Idea Discussion

Commentor 1 - 2 weeks ago

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