Added to YB: 2024-04-11
Pitch date: 2024-04-08
GTX [bullish]
Garrett Motion Inc.
+173.79%
current return
Author Info
No Deep Dives write short theses on under-covered stocks from all over the world. Sign up for the newsletter.
Company Info
Garrett Motion Inc. designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies to original equipment manufacturers and independent aftermarket distributors in the mobility and industrial fields.
Market Cap
$5.2B
Pitch Price
$9.64
Price Target
N/A
Dividend
1.15%
EV/EBITDA
9.56
P/E
15.37
EV/Sales
1.72
Sector
Automobile Components
Category
turnaround
Q1 2024 Review - New position in $GTX
GTX: Turbocharger maker emerged from bankruptcy in '21 with less debt. Unusual capital structure fixed in Apr '23. Top holders from bankruptcy process slowly selling. At $9.80, mkt cap $2.3B. Midpoint '24 guide: $375M FCF (16% yield). '23-'28 proj $1.7-2.1B cum FCF. $200M+ buyback in '23, new $350M for '24.
Read full article (1 min)