Financials Lear Corporation Berne S.E.

Equities

LE6N

US5218652049

Auto, Truck & Motorcycle Parts

Delayed Berne S.E. 5-day change 1st Jan Change
- CHF -.--% Intraday chart for Lear Corporation -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,296 9,548 10,907 7,330 8,227 6,681 - -
Enterprise Value (EV) 1 9,136 10,556 12,185 8,827 9,801 8,129 7,939 7,663
P/E ratio 10.8 x 60.7 x 29.6 x 22.7 x 14.6 x 9.32 x 7.03 x 6.18 x
Yield 2.19% 0.64% 0.97% 2.48% - 2.63% 2.69% 2.69%
Capitalization / Revenue 0.42 x 0.56 x 0.57 x 0.35 x 0.35 x 0.28 x 0.26 x 0.26 x
EV / Revenue 0.46 x 0.62 x 0.63 x 0.42 x 0.42 x 0.34 x 0.31 x 0.29 x
EV / EBITDA 5.02 x 9.15 x 8.7 x 6.1 x 5.68 x 4.41 x 3.86 x 3.34 x
EV / FCF 13.4 x 50.1 x 143 x 23 x 15.4 x 12.1 x 9.52 x 8.45 x
FCF Yield 7.45% 2% 0.7% 4.34% 6.51% 8.25% 10.5% 11.8%
Price to Book 1.91 x 2.14 x 2.35 x 1.57 x - 1.3 x 1.15 x 1.03 x
Nbr of stocks (in thousands) 60,470 60,039 59,617 59,106 58,260 56,788 - -
Reference price 2 137.2 159.0 183.0 124.0 141.2 117.6 117.6 117.6
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 24,194 25,223 26,177
EBITDA 1 1,819 1,153 1,400 1,447 1,724 1,842 2,058 2,291
EBIT 1 1,309 613.5 826 870.5 1,120 1,214 1,426 1,581
Operating Margin 6.61% 3.6% 4.29% 4.17% 4.77% 5.02% 5.65% 6.04%
Earnings before Tax (EBT) 1 976.8 327.8 599.3 542.4 826.5 1,024 1,226 1,622
Net income 1 753.6 158.5 373.9 327.7 572.5 700 881.2 1,040
Net margin 3.8% 0.93% 1.94% 1.57% 2.44% 2.89% 3.49% 3.97%
EPS 2 12.75 2.620 6.190 5.470 9.680 12.63 16.73 19.03
Free Cash Flow 1 680.4 210.8 85 383.2 638.2 671 833.8 906.9
FCF margin 3.43% 1.24% 0.44% 1.83% 2.72% 2.77% 3.31% 3.46%
FCF Conversion (EBITDA) 37.41% 18.28% 6.07% 26.48% 37.01% 36.42% 40.51% 39.58%
FCF Conversion (Net income) 90.29% 133% 22.73% 116.94% 111.48% 95.85% 94.63% 87.2%
Dividend per Share 2 3.000 1.020 1.770 3.080 - 3.096 3.161 3.162
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 6,111 5,963 6,152 6,232 6,366
EBITDA 1 300.9 327.1 330.1 373.9 407 410.6 452 419 441.8 435.1 459.3 459.8 494 461.5 483.7
EBIT 1 158.4 183.7 187.4 234.6 264.8 263.4 301.8 267.1 287.7 279.8 304.4 300.7 331 310.9 348
Operating Margin 3.25% 3.53% 3.7% 4.48% 4.93% 4.51% 5.03% 4.62% 4.93% 4.67% 4.98% 5.04% 5.38% 4.99% 5.47%
Earnings before Tax (EBT) 1 68.2 87 109.1 160.9 185.4 209 228.7 199.1 189.7 167.4 276.1 257 281.9 296.5 340
Net income 1 21.5 49.4 68.5 92.3 117.5 143.6 168.7 132.9 127.3 109.6 188.7 180.2 203.8 201.3 229.7
Net margin 0.44% 0.95% 1.35% 1.76% 2.19% 2.46% 2.81% 2.3% 2.18% 1.83% 3.09% 3.02% 3.31% 3.23% 3.61%
EPS 2 0.3600 0.8200 1.140 1.540 1.970 2.410 2.840 2.250 2.180 1.900 3.351 3.268 3.650 3.611 4.143
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 1,448 1,258 982
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.4614 x 0.8738 x 0.9127 x 1.035 x 0.9128 x 0.7857 x 0.6112 x 0.4286 x
Free Cash Flow 1 680 211 85 383 638 671 834 907
ROE (net income / shareholders' equity) 17.6% 7.06% 10.2% 10.8% 14.4% 15.8% 17.2% 17.3%
ROA (Net income/ Total Assets) 6.16% 2.49% 3.61% 3.85% 4.99% 5.55% 6.74% 7.54%
Assets 1 12,224 6,365 10,346 8,503 11,469 12,625 13,069 13,787
Book Value Per Share 2 72.00 74.40 77.80 79.20 - 90.20 102.0 114.0
Cash Flow per Share 2 20.70 11.00 11.10 17.10 21.10 23.40 28.10 32.10
Capex 1 604 452 585 638 627 660 772 810
Capex / Sales 3.05% 2.65% 3.04% 3.05% 2.67% 2.73% 3.06% 3.1%
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
117.6 USD
Average target price
159.2 USD
Spread / Average Target
+35.35%
Consensus