Gentex Corp (GNTX) Files 10-K for the Fiscal Year Ended on December 31, 2017

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Gentex Corp (GNTX) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Gentex Corp designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. Gentex Corp has a market cap of $6.59 billion; its shares were traded at around $23.20 with a P/E ratio of 16.46 and P/S ratio of 3.84. The dividend yield of Gentex Corp stocks is 1.68%. Gentex Corp had annual average EBITDA growth of 16.70% over the past ten years. GuruFocus rated Gentex Corp the business predictability rank of 5-star.


For the last quarter Gentex Corp reported a revenue of $459.6 million, compared with the revenue of $419.9 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.8 billion, an increase of 6.9% from last year. For the last five years Gentex Corp had an average revenue growth rate of 11% a year.

The reported diluted earnings per share was $1.41 for the year, an increase of 18.5% from previous year. Over the last five years Gentex Corp had an EPS growth rate of 17.9% a year. The Gentex Corp had a decent operating margin of 29.16%, compared with the operating margin of 30.48% a year before. The 10-year historical median operating margin of Gentex Corp is 23.00%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Gentex Corp has the cash and cash equivalents of $722.3 million, compared with $546.5 million in the previous year. The company had no long term debt, compared with $178.1 million in the previous year. The interest coverage to the debt is at a comfortable level of 12. Gentex Corp has a financial strength rank of 9 (out of 10).

At the current stock price of $23.20, Gentex Corp is traded at 11.7% premium to its historical median P/S valuation band of $20.77. The P/S ratio of the stock is 3.84, while the historical median P/S ratio is 3.43. The intrinsic value of the stock is $31.64 a share, according to GuruFocus DCF Calculator. The stock gained 13.34% during the past 12 months.

Directors and Officers Recent Trades:

  • General Counsel Scott P Ryan sold 7,220 shares of GNTX stock on 01/31/2018 at the average price of $23.66. The price of the stock has decreased by 1.94% since.

  • Chief Accounting Officer Kevin C Nash sold 7,874 shares of GNTX stock on 01/30/2018 at the average price of $23.4. The price of the stock has decreased by 0.85% since.

  • Director James H Wallace sold 12,000 shares of GNTX stock on 01/30/2018 at the average price of $23.4. The price of the stock has decreased by 0.85% since.

  • Director Gary F Goode sold 12,000 shares of GNTX stock on 01/29/2018 at the average price of $23.41. The price of the stock has decreased by 0.9% since.

  • Director John A Mulder sold 26,000 shares of GNTX stock on 01/29/2018 at the average price of $23.51. The price of the stock has decreased by 1.32% since.

For the complete 20-year historical financial data of GNTX, click here.

This article first appeared on GuruFocus.


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