LEAR CORPORATION Financials Lear Corporation BOERSE MUENCHEN
Equities
LE6N
US5218652049
Auto, Truck & Motorcycle Parts
|
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 105 EUR | 0.00% |
|
-1.87% | -17.97% |
| Jun. 25 | Wells Fargo Lowers Price Target on Lear to $132 From $139, Maintains Equalweight Rating | MT |
| Jun. 13 | UBS Adjusts Price Target on Lear to $136 From $142, Maintains Neutral Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,296 | 9,548 | 10,907 | 7,330 | 8,227 | 6,457 | - | - |
| Enterprise Value (EV) 1 | 9,136 | 10,556 | 12,185 | 8,827 | 9,801 | 7,920 | 7,765 | 7,485 |
| P/E ratio | 10.8 x | 60.7 x | 29.6 x | 22.7 x | 14.6 x | 8.97 x | 6.63 x | 5.49 x |
| Yield | 2.19% | 0.64% | 0.97% | 2.48% | - | 2.72% | 2.75% | 2.72% |
| Capitalization / Revenue | 0.42 x | 0.56 x | 0.57 x | 0.35 x | 0.35 x | 0.27 x | 0.26 x | 0.25 x |
| EV / Revenue | 0.46 x | 0.62 x | 0.63 x | 0.42 x | 0.42 x | 0.33 x | 0.31 x | 0.28 x |
| EV / EBITDA | 5.02 x | 9.15 x | 8.7 x | 6.1 x | 5.68 x | 4.27 x | 3.75 x | 3.21 x |
| EV / FCF | 13.4 x | 50.1 x | 143 x | 23 x | 15.4 x | 11.7 x | 9.25 x | 8.11 x |
| FCF Yield | 7.45% | 2% | 0.7% | 4.34% | 6.51% | 8.56% | 10.8% | 12.3% |
| Price to Book | 1.91 x | 2.14 x | 2.35 x | 1.57 x | - | 1.26 x | 1.11 x | 0.98 x |
| Nbr of stocks (in thousands) | 60,470 | 60,039 | 59,617 | 59,106 | 58,260 | 56,788 | - | - |
| Reference price 2 | 137.2 | 159.0 | 183.0 | 124.0 | 141.2 | 113.7 | 113.7 | 113.7 |
| Announcement Date | 1/28/20 | 2/4/21 | 2/8/22 | 2/2/23 | 2/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 19,810 | 17,046 | 19,263 | 20,892 | 23,467 | 24,274 | 25,301 | 26,352 |
| EBITDA 1 | 1,819 | 1,153 | 1,400 | 1,447 | 1,724 | 1,857 | 2,073 | 2,331 |
| EBIT 1 | 1,309 | 613.5 | 826 | 870.5 | 1,120 | 1,225 | 1,442 | 1,616 |
| Operating Margin | 6.61% | 3.6% | 4.29% | 4.17% | 4.77% | 5.05% | 5.7% | 6.13% |
| Earnings before Tax (EBT) 1 | 976.8 | 327.8 | 599.3 | 542.4 | 826.5 | 1,034 | 1,252 | 1,674 |
| Net income 1 | 753.6 | 158.5 | 373.9 | 327.7 | 572.5 | 701.9 | 912.7 | 1,122 |
| Net margin | 3.8% | 0.93% | 1.94% | 1.57% | 2.44% | 2.89% | 3.61% | 4.26% |
| EPS 2 | 12.75 | 2.620 | 6.190 | 5.470 | 9.680 | 12.67 | 17.15 | 20.71 |
| Free Cash Flow 1 | 680.4 | 210.8 | 85 | 383.2 | 638.2 | 677.8 | 839.5 | 922.8 |
| FCF margin | 3.43% | 1.24% | 0.44% | 1.83% | 2.72% | 2.79% | 3.32% | 3.5% |
| FCF Conversion (EBITDA) | 37.41% | 18.28% | 6.07% | 26.48% | 37.01% | 36.5% | 40.5% | 39.58% |
| FCF Conversion (Net income) | 90.29% | 133% | 22.73% | 116.94% | 111.48% | 96.57% | 91.98% | 82.26% |
| Dividend per Share 2 | 3.000 | 1.020 | 1.770 | 3.080 | - | 3.096 | 3.127 | 3.096 |
| Announcement Date | 1/28/20 | 2/4/21 | 2/8/22 | 2/2/23 | 2/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,880 | 5,208 | 5,071 | 5,241 | 5,371 | 5,846 | 5,999 | 5,781 | 5,841 | 5,995 | 6,131 | 5,980 | 6,186 | 6,297 | 6,390 |
| EBITDA 1 | 300.9 | 327.1 | 330.1 | 373.9 | 407 | 410.6 | 452 | 419 | 441.8 | 435.1 | 459.9 | 461 | 497.6 | 473.2 | 492.7 |
| EBIT 1 | 158.4 | 183.7 | 187.4 | 234.6 | 264.8 | 263.4 | 301.8 | 267.1 | 287.7 | 279.8 | 304.5 | 304.2 | 338.3 | 325.2 | 357.1 |
| Operating Margin | 3.25% | 3.53% | 3.7% | 4.48% | 4.93% | 4.51% | 5.03% | 4.62% | 4.93% | 4.67% | 4.97% | 5.09% | 5.47% | 5.16% | 5.59% |
| Earnings before Tax (EBT) 1 | 68.2 | 87 | 109.1 | 160.9 | 185.4 | 209 | 228.7 | 199.1 | 189.7 | 167.4 | 267.9 | 259.6 | 284.8 | 296.5 | 340 |
| Net income 1 | 21.5 | 49.4 | 68.5 | 92.3 | 117.5 | 143.6 | 168.7 | 132.9 | 127.3 | 109.6 | 188.9 | 180.1 | 205.5 | 210.5 | 236.8 |
| Net margin | 0.44% | 0.95% | 1.35% | 1.76% | 2.19% | 2.46% | 2.81% | 2.3% | 2.18% | 1.83% | 3.08% | 3.01% | 3.32% | 3.34% | 3.71% |
| EPS 2 | 0.3600 | 0.8200 | 1.140 | 1.540 | 1.970 | 2.410 | 2.840 | 2.250 | 2.180 | 1.900 | 3.350 | 3.307 | 3.734 | 3.777 | 4.271 |
| Dividend per Share 2 | 0.7700 | 0.7700 | 0.7700 | 0.7700 | 0.7700 | 0.7700 | 0.7700 | - | - | - | 0.7743 | 0.7743 | 0.7750 | 0.7700 | 0.7700 |
| Announcement Date | 2/8/22 | 5/3/22 | 8/2/22 | 11/1/22 | 2/2/23 | 4/27/23 | 8/1/23 | 10/26/23 | 2/6/24 | 4/30/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 839 | 1,008 | 1,278 | 1,497 | 1,574 | 1,463 | 1,308 | 1,029 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.4614 x | 0.8738 x | 0.9127 x | 1.035 x | 0.9128 x | 0.7879 x | 0.6311 x | 0.4412 x |
| Free Cash Flow 1 | 680 | 211 | 85 | 383 | 638 | 678 | 840 | 923 |
| ROE (net income / shareholders' equity) | 17.6% | 7.06% | 10.2% | 10.8% | 14.4% | 15.8% | 17.5% | 18.3% |
| ROA (Net income/ Total Assets) | 6.16% | 2.49% | 3.61% | 3.85% | 4.99% | 5.63% | 6.83% | 7.97% |
| Assets 1 | 12,224 | 6,365 | 10,346 | 8,503 | 11,469 | 12,466 | 13,367 | 14,072 |
| Book Value Per Share 2 | 72.00 | 74.40 | 77.80 | 79.20 | - | 90.20 | 103.0 | 116.0 |
| Cash Flow per Share 2 | 20.70 | 11.00 | 11.10 | 17.10 | 21.10 | 23.60 | 28.30 | 32.90 |
| Capex 1 | 604 | 452 | 585 | 638 | 627 | 659 | 773 | 812 |
| Capex / Sales | 3.05% | 2.65% | 3.04% | 3.05% | 2.67% | 2.72% | 3.05% | 3.08% |
| Announcement Date | 1/28/20 | 2/4/21 | 2/8/22 | 2/2/23 | 2/6/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
113.7
USD
Average target price
161.9
USD
Spread / Average Target
+42.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.47% | 45.24B | |
| +13.96% | 18.48B | |
| -23.67% | 18.38B | |
| +26.91% | 16.69B | |
| +5.70% | 16.21B | |
| +94.56% | 15.71B | |
| +38.74% | 12.32B | |
| +57.59% | 12.06B | |
| -27.14% | 11.95B |
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- Financials Lear Corporation
