Added to YB: 2026-06-16
Pitch date: 2026-06-11
PHIN [neutral]
PHINIA Inc.
-0.18%
current return
Author Info
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Company Info
PHINIA Inc. engages in the development, design, and manufacture of integrated components and systems.
Market Cap
$3.2B
Pitch Price
$83.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.30
P/E
23.81
EV/Sales
N/A
Sector
Automobile Components
Category
special_situation
$PHIN: buying back the float faster than combustion is melting — maybe
PHIN (overview): BorgWarner spin-off (July 2023) in 'dying' combustion engines (DELPHI, DELCO REMY); ~$75, ~$2.8B cap, EV ~$3.5B. 2026 guide: sales $3.52-3.72B, adj EBITDA $485-525M (~7x EV/EBITDA), FCF $200-240M (7-8% yield). Buyback shrinking float ~7%/yr (38.7M vs 41.5M shares); div +11% to $0.30. Bull: capital return outruns melt. Bear: revolver-funded buybacks as net debt rose $611M→$664M, EV erosion, already re-rated. Q2 late July key.
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