Image source: Superior Industries’ website
By Callum Turcan
Superior Industries International Inc (SUP) yields 7.1% as of this writing and manufactures aluminum wheels for use in light vehicles with facilities in America, Mexico, Poland and Germany. Ford Motor Company (F) and General Motors Company (GM) represented its two biggest clients during 2018. Over the past few years, Superior Industries’ free cash flow generation has been very inconsistent (turned negative in 2017) as capital expenditures consume a large portion of its net operating cash flow. Combined with its net debt