Gentex Corporation

GNTX

GNTXGentex Corporation US flag

NASDAQ Global Select

25.00

USD

+0.37

- -

5.32BMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	1,024	1,100	1,172	1,376	1,544	1,679	1,795	1,834	1,859	1,688	1,731	1,919	2,299	2,313	2,534
+ Sales & Services Revenue	1,024	1,100	1,172	1,376	1,544	1,679	1,795	1,834	1,859	1,688	1,731	1,919	2,299	2,313	2,534
- Cost of Revenue	662	727	741	837	940	1,010	1,100	1,144	1,171	1,083	1,111	1,309	1,537	1,542	1,668
+ Cost of Goods & Services	662	727	741	837	940	1,010	1,100	1,144	1,171	1,083	1,111	1,309	1,537	1,542	1,668
Gross Profit	362	373	431	539	604	668	695	690	688	605	620	610	763	771	867
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	130	133	126	140	145	157	171	182	200	206	210	240	267	302	381
+ Selling, General & Admin	49	48	49	56	57	62	71	75	85	90	92	106	113	121	178
+ Research & Development	82	85	76	84	88	94	100	107	115	116	118	133	154	181	203
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	231	239	305	399	459	512	523	508	489	400	410	370	496	469	486
- Non-Operating (Income) Loss	-13	-10	-23	-16	-5	1	-8	-14	-12	-12	-7	- -	-9	-4	25
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-13	-10	-23	-16	-5	1	-8	-14	-12	-12	-7	- -	-9	-4	25
Pretax Income	244	250	328	415	464	511	532	522	500	412	416	370	505	472	461
- Income Tax Expense (Benefit)	80	81	105	127	145	163	125	84	76	64	56	51	77	68	76
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	165	169	223	289	318	348	407	438	425	348	361	319	428	404	385
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	165	169	223	289	318	348	407	438	425	348	361	319	428	404	385
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	165	169	223	289	318	348	407	438	425	348	361	319	428	404	385
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	165	169	223	289	318	348	407	438	425	348	361	319	428	404	385
EBIT	231	239	305	399	459	512	523	508	489	400	410	370	496	469	486
EBITDA	274	290	368	476	539	600	623	610	593	504	509	467	589	563	590
EBITDA Margin (%)	26.76	26.34	31.37	34.62	34.94	35.76	34.71	33.28	31.91	29.87	29.4	24.31	25.62	24.35	23.27
EBITA	231	239	305	399	459	512	523	508	489	400	410	370	496	469	486
Gross Margin (%)	35.32	33.91	36.76	39.18	39.11	39.81	38.7	37.65	37.03	35.86	35.8	31.78	33.17	33.33	34.2
Operating Margin (%)	22.6	21.78	26	29	29.72	30.48	29.16	27.7	26.28	23.67	23.67	19.28	21.56	20.26	19.16
Profit Margin (%)	16.08	15.33	19.02	20.98	20.63	20.7	22.66	23.88	22.85	20.59	20.84	16.61	18.63	17.49	15.19
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.24	0.26	0.28	0.3	0.33	0.35	0.38	0.44	0.46	0.48	0.48	0.48	0.48	0.48	0.48
Depreciation Expense	43	50	63	77	81	89	100	102	105	105	99	97	93	95	104
Basic Weighted Avg Shares	285	286	287	291	293	288	286	268	252	246	239	234	233	229	221
Basic EPS, GAAP	0.58	0.59	0.78	0.99	1.09	1.21	1.42	1.64	1.69	1.41	1.51	1.36	1.84	1.77	1.74
Basic EPS from Cont Ops	0.58	0.59	0.78	0.99	1.09	1.21	1.42	1.64	1.69	1.41	1.51	1.36	1.84	1.77	1.74
Diluted Weighted Avg Shares	289	288	289	294	296	291	288	270	253	246	241	234	233	230	221
Diluted EPS, GAAP	0.57	0.59	0.77	0.98	1.08	1.19	1.41	1.62	1.68	1.41	1.5	1.36	1.84	1.76	1.74
Diluted EPS from Cont Ops	0.57	0.59	0.77	0.98	1.08	1.19	1.41	1.62	1.68	1.41	1.5	1.36	1.84	1.76	1.74

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	752	745	601	857	984	1,155	1,185	851	950	979	873	949	998	1,037	1,128
+ Cash, Cash Equivalents & STI	419	450	310	497	556	723	722	386	437	451	268	238	241	256	151
+ Cash & Cash Equivalents	358	390	310	497	552	546	570	217	296	423	262	215	226	233	146
+ ST Investments	61	61	- -	- -	5	177	153	169	140	27	5	23	14	22	5
+ Accounts & Notes Receiv	110	110	143	168	196	212	231	214	235	285	250	276	322	295	369
+ Accounts Receivable, Net	110	110	143	168	196	212	231	214	235	285	250	276	322	295	369
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	189	160	120	142	175	189	217	225	249	226	316	404	402	436	516
+ Raw Materials	130	115	75	91	111	115	139	139	165	152	235	304	283	307	281
+ Work In Process	26	25	21	24	27	33	30	35	33	33	34	46	46	48	64
+ Finished Goods	33	21	24	27	37	42	47	51	51	42	47	55	73	81	171
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	34	25	28	49	57	31	14	26	29	18	39	30	33	50	93
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	424	521	1,163	1,166	1,165	1,155	1,167	1,235	1,218	1,219	1,258	1,379	1,614	1,723	1,800
+ Property, Plant & Equip, Net	283	350	357	373	413	466	492	498	498	468	464	550	653	728	791
+ Property, Plant & Equip	604	716	772	842	934	1,047	1,144	1,198	1,227	1,257	1,324	1,478	1,642	1,774	1,915
- Accumulated Depreciation	321	366	415	469	521	581	652	699	729	789	860	928	989	1,046	1,124
+ LT Investments & Receivables	128	142	107	115	95	50	58	138	140	162	208	202	299	340	273
+ LT Investments	128	142	107	115	95	50	58	138	140	162	208	202	299	340	273
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	13	29	699	678	657	639	617	598	580	588	587	626	662	655	736
+ Total Intangible Assets	13	29	699	678	657	639	617	598	580	588	582	601	621	602	628
+ Goodwill	- -	- -	307	307	307	307	307	307	307	312	314	314	340	341	357
+ Other Intangible Assets	13	29	392	371	349	332	310	291	273	277	268	287	281	262	271
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	26	41	53	108
Total Assets	1,176	1,266	1,764	2,023	2,149	2,310	2,352	2,085	2,169	2,198	2,131	2,327	2,611	2,761	2,929
+ Payables & Accruals	101	88	112	126	124	142	166	169	172	178	182	251	272	253	384
+ Accounts Payable	65	43	57	71	66	80	90	93	98	85	98	152	184	168	249
+ Accrued Taxes	- -	2	13	1	- -	1	- -	4	- -	4	- -	19	1	- -	1
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	35	43	43	54	57	62	75	72	74	89	83	80	87	84	134
+ ST Debt	- -	- -	8	8	8	8	78	- -	- -	- -	- -	- -	- -	- -	4
+ ST Borrowings	- -	- -	8	8	8	8	78	- -	- -	- -	- -	- -	- -	- -	4
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	101	88	120	133	131	150	244	169	172	178	182	251	272	253	388
+ LT Debt	- -	- -	266	258	226	178	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Borrowings	- -	- -	266	258	226	178	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	48	57	51	60	70	71	59	55	59	56	12	11	27	36	50
+ Accrued Liabilities	48	57	51	60	70	71	59	55	51	39	- -	- -	- -	- -	1
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	7	17	12	11	27	36	49
Total Noncurrent Liabilities	48	57	317	318	295	249	59	55	59	56	12	11	27	36	50
Total Liabilities	149	145	436	451	426	399	303	224	231	234	193	261	299	289	438
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	404	427	488	572	614	701	740	761	823	867	894	932	982	1,024	1,022
+ Common Stock	9	9	17	18	17	17	17	16	15	15	14	14	14	14	13
+ Additional Paid in Capital	395	419	470	554	597	683	724	745	808	853	879	917	968	1,010	1,009
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	611	676	818	989	1,109	1,211	1,302	1,102	1,116	1,090	1,042	1,148	1,337	1,450	1,466
+ Other Equity	13	18	22	11	-1	-1	7	-2	-1	7	2	-14	-7	-6	- -
Equity Before Minority Interest	1,027	1,121	1,328	1,571	1,723	1,910	2,050	1,862	1,938	1,964	1,938	2,066	2,313	2,468	2,488
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	3
Total Equity	1,027	1,121	1,328	1,571	1,723	1,910	2,050	1,862	1,938	1,964	1,938	2,066	2,313	2,472	2,491
Total Liabilities & Equity	1,176	1,266	1,764	2,023	2,149	2,310	2,352	2,085	2,169	2,198	2,131	2,327	2,611	2,761	2,929
Shares Outstanding	288	286	291	295	291	288	280	259	251	244	236	234	231	227	215
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-358	-390	-36	-232	-318	-361	-492	-217	-296	-423	-262	-215	-226	-233	-142
Net Debt to Equity	-34.85	-34.76	-2.75	-14.75	-18.49	-18.89	-23.99	-11.66	-15.29	-21.56	-13.54	-10.4	-9.79	-9.44	-5.69
Tangible Common Equity Ratio	87.2	88.29	59.02	66.45	71.44	76.11	82.56	84.96	85.48	85.46	87.52	84.86	84.98	86.62	80.98
Current Ratio	7.47	8.47	5.01	6.42	7.51	7.71	4.86	5.03	5.53	5.51	4.81	3.79	3.67	4.11	2.91
Cash Conversion Cycle	90.78	95.65	82.34	71.18	78.63	84	84.88	85.85	88.92	104.96	117.64	117.85	103.35	107.13	108.49

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	165	169	223	289	318	348	407	438	425	348	361	319	428	404	385
+ Depreciation & Amortization	43	50	63	77	81	89	100	102	105	105	99	97	93	95	104
+ Non-Cash Items	17	9	-11	16	28	42	3	11	18	13	-16	14	28	39	44
+ Stock-Based Compensation	14	16	17	21	21	19	18	18	22	31	27	30	39	40	37
+ Deferred Income Taxes	14	1	-8	15	13	22	-15	-4	-3	-15	-42	-18	-18	-12	-18
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9	14
+ Other Non-Cash Adj	-11	-9	-20	-20	-7	1	-1	-2	- -	-2	-1	2	6	3	12
+ Chg in Non-Cash Work Cap	-83	30	42	-54	-73	-1	-8	1	-42	-1	-82	-91	-12	-40	54
+ (Inc) Dec in Accts Receiv	-15	1	-22	-25	-28	-16	-20	18	-22	-49	35	-27	-45	27	-15
+ (Inc) Dec in Inventories	-88	29	40	-22	-33	-15	-27	-9	-24	23	-90	-88	2	-33	18
+ (Inc) Dec in Prepaid Assets	-7	15	-2	-22	-10	4	16	-11	-4	10	-20	-29	-4	-10	- -
+ Inc (Dec) in Accts Payable	27	-14	27	14	-2	24	23	3	7	15	-7	52	35	-25	51
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	142	258	317	327	354	477	501	552	506	464	362	338	537	498	587
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	1	- -	- -	- -	1	- -	1	2	- -	3	- -	- -	3	8
+ Disp of Fixed Prod Assets	- -	1	- -	- -	- -	1	- -	1	2	- -	3	- -	- -	3	8
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-120	-117	-55	-73	-98	-121	-104	-86	-85	-52	-69	-146	-184	-145	-129
+ Acq of Fixed Prod Assets	-120	-117	-55	-73	-98	-121	-104	-86	-85	-52	-69	-146	-184	-145	-129
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	33	-34	- -	-30	-111	-163	-231	-592	-331	-288	-325	-113	-147	-206	-315
+ Increase in Capital Stock	33	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	-34	- -	-30	-111	-163	-231	-592	-331	-288	-325	-113	-147	-206	-315
+ Net Change in LT Investment	16	2	120	-5	11	-124	23	-95	29	93	-16	23	-5	8	51
+ Dec in LT Investment	212	114	181	76	59	93	53	237	182	167	84	41	76	59	77
+ Inc in LT Investment	-196	-113	-61	-81	-48	-217	-30	-332	-153	-74	-100	-18	-81	-51	-26
+ Net Cash From Acq & Div	- -	- -	-698	- -	- -	- -	- -	- -	- -	-11	-25	-46	-107	-62	-179
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-698	- -	- -	- -	- -	- -	- -	-11	-25	-46	-107	-62	-179
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	1	-18	-1	-2	-3	-7	3	-6	-3	-4	-6	-4	-4	-7	-18
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-104	-132	-633	-80	-90	-251	-78	-186	-57	26	-113	-173	-299	-202	-267
+ Dividends Paid	-67	-73	-79	-88	-97	-101	-109	-117	-116	-117	-115	-113	-112	-110	-107
+ Net Cash From Debt	- -	- -	546	-15	-65	-95	-215	-156	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	550	- -	- -	- -	- -	- -	- -	150	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	-4	-15	-65	-95	-215	-156	- -	-150	- -	- -	- -	- -	- -
+ Other Financing Activities	5	13	-231	73	63	129	155	145	78	42	30	17	29	27	14
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-29	-94	236	-60	-211	-231	-400	-719	-370	-364	-410	-209	-230	-289	-408
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	10	32	-80	188	54	-5	23	-353	79	127	-161	-44	8	7	-88
EBITDA	274	290	368	476	539	600	623	610	593	504	509	467	589	563	590
EBITDA Margin (%)	26.76	26.34	31.37	34.62	34.94	35.76	34.71	33.28	31.91	29.87	29.4	24.31	25.62	24.35	23.27
Free Cash Flow	21	140	262	255	256	356	397	466	421	413	293	192	354	354	458
Net Cash Paid for Acquisitions	- -	- -	698	- -	- -	- -	- -	- -	- -	11	25	46	107	62	179
Free Cash Flow to Firm	21	140	262	255	256	356	397	466	421	413	293	192	354	354	458
Free Cash Flow to Equity	22	141	809	240	192	262	182	311	423	413	296	192	354	357	466
Free Cash Flow per Basic Share	0.08	0.49	0.91	0.88	0.88	1.23	1.39	1.74	1.67	1.67	1.23	0.82	1.52	1.55	2.07
Price/Free Cash Flow	16.31	7.23	12.77	13.3	10.48	9.58	9.98	8.54	12.43	16.2	19.45	13.19	10.55	10.27	7.19
Cash Flow to Net Income	0.86	1.53	1.42	1.13	1.11	1.37	1.23	1.26	1.19	1.34	1	1.06	1.25	1.23	1.53
Capital Expenditures	-120	-117	-55	-73	-98	-121	-104	-86	-85	-52	-69	-146	-184	-145	-129