F - Visteon: Invest In EV And New-Age Electronics Growth
2024-07-16 13:02:01 ET
Summary
- Visteon is a 2000 spin-off from Ford (22% of 2023 sales), now serving the entire auto industry with gauges, controls and video displays.
- The stock is undervalued, with strong free cash flow generation and a clean balance sheet.
- Technical indicators suggest a positive trading environment, with the company poised to benefit from the trend towards advanced vehicle technology and greater automation.
Visteon Corporation ( VC ) is a June 2000 spin-off from Ford ( F ). This U.S. automaker remains its largest customer, accounting for 22% of 2023 sales. However, the company now serves the whole auto/truck industry, mostly manufacturing the display video/panels on your dashboard and various instruments/devices/inventions for measuring and controlling onboard electronics. It is now becoming an important supplier of displays and electronics for accelerating growth at a host of electric vehicle OEMs, with new wins and business coming in this area of the market over the next several years....
Visteon: Invest In EV And New-Age Electronics Growth