2024-02-02 21:46:53 ET
Summary
- Aptiv’s revenue has grown at a CAGR of 8% since FY16, as the business has developed a compelling future-proof business model.
- Aptiv specializes in developing technology-driven solutions, with quality innovation contributing to a market-leading position.
- The automotive industry is becoming increasingly technology-focused, particularly due to the EV transition. Aptiv has positioned itself perfectly to exploit these trends.
- Aptiv’s financial performance is strong already, although we expect margins and growth to improve.
- At a FCF yield of ~7%, we consider Aptiv attractively priced.
Investment thesis
Our current investment thesis is:...
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Aptiv: Positioned Well For Financial Improvement