Professional
Added to YB: 2024-06-14
Pitch date: 2024-06-10
APTV [bullish]
Aptiv PLC
-2.67%
current return
Author Info
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Company Info
Aptiv PLC engages in design, manufacture, and sale of vehicle components for the automotive and commercial vehicle markets in North America, Europe, the Middle East, Africa, the Asia Pacific, South America, and internationally.
Market Cap
$16.6B
Pitch Price
$79.47
Price Target
123.00 (+56%)
Dividend
N/A
EV/EBITDA
6.94
P/E
59.00
EV/Sales
1.16
Sector
Automobile Components
Category
growth
Aptiv PLC: Recent weakness offers buying opportunity
APTV: Aptiv Q1 adj EPS $1.16 (+27% YoY), beating est. Rev +2% to $4.9B. Raised 2024 outlook: EBITDA margin 15.1-15.4%, adj EPS $5.80-$6.30. New bookings strong: $10.3B Signal & Power, $2.5B Adv Safety & UX. Reducing Motional JV stake to 15%. Shares -28% YTD but BUY w/ $123 PT on growth oppty & cheap valuation: 13.5x '24E EPS, 10.6x '25E, <historical avgs.
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