A Business at a Glance
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ITEM 1. BUSINESS In December 2024, Old Aptiv (as defined below), a public limited company formed under the laws of Jersey on May 19, 2011, completed its previously announced reorganization transaction (the “Transaction,” or the “reorganization transaction”), in which Old Aptiv established a new publicly-listed Jersey parent company, Aptiv Holdings Limited (“New Aptiv”), which is resident for tax purposes in Switzerland. As a result of the Transaction, all issued and outstanding ordinary shares of Old Aptiv were exchanged on a one-for-one basis for newly issued ordinary shares of New Aptiv. Following consummation of the Transaction, holders of Old Aptiv shares became ordinary shareholders of New Aptiv, Old Aptiv became a wholly-owned subsidiary of New Aptiv and New Aptiv was renamed “Aptiv PLC.” The previous publicly-listed Jersey parent company, which was an Irish tax resident, is referred to as “Old Aptiv” throughout this Annual Report on Form 10-K.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 20.4B | 20.4B | 19.7B | 20.1B | 17.5B | 15.6B |
| Net Income | 165M | 165M | 1.8B | 2.9B | 531M | 527M |
| EPS | $0.75 | $0.75 | $6.96 | $10.39 | $1.96 | $1.94 |
| Free Cash Flow | 1.5B | 1.5B | 1.6B | 990M | 419M | 611M |
| ROIC | 1.5% | 5.2% | 11.1% | 10.4% | 9.4% | 11.2% |
| Gross Margin | 19.1% | 19.1% | 18.8% | 17.2% | 15.1% | 15.6% |
| Debt/Equity | 0.87 | 0.87 | 1.05 | 0.58 | 0.79 | 0.54 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 |
| Operating Income | 1.2B | 1.2B | 1.8B | 1.6B | 1.3B | 1.2B |
| Operating Margin | 5.8% | 5.8% | 9.3% | 7.8% | 7.2% | 7.6% |
| ROE | 1.8% | 1.8% | 20.3% | 25.2% | 6.2% | 6.5% |
| Shares Outstanding | 220M | 220M | 257M | 280M | 271M | 272M |
Aptiv PLC passes 5 of 9 quality checks, suggesting mixed fundamentals.
Aptiv PLC trades at 79.1x trailing earnings, compared to its 15-year median P/E of 16.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 8.5x vs a median of 27.4x. The company's 5-year average ROIC is 9.4% with a gross margin of 17.2%. Total shareholder yield (buybacks) is 3.0%. At current prices, the estimated annualized return to fair value is +12.0%.
Aptiv PLC (APTV) has a current P/E ratio of 79.1, compared to its historical median P/E of 16.6. The stock is currently considered Expensive based on its historical valuation range.
Aptiv PLC (APTV) has a 5-year average return on invested capital (ROIC) of 9.4%. This is below average and may indicate limited pricing power.
Aptiv PLC (APTV) has a market capitalization of $13.1B. It is classified as a large-cap stock.
Aptiv PLC (APTV) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 3.04%.
Based on historical P/E analysis, Aptiv PLC (APTV) appears expensive. The current P/E of 79.1 is 376% above its historical median of 16.6. The estimated fair value CAGR (P/E method) is 5.3%.
Aptiv PLC (APTV) operates in the Motor Vehicle Parts & Accessories industry, within the Consumer Cyclical sector.
Aptiv PLC (APTV) reported annual revenue of $20.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Aptiv PLC (APTV) has a net profit margin of 0.8%. This is a modest margin.
Aptiv PLC (APTV) generated $1.5 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Aptiv PLC (APTV) has a debt-to-equity ratio of 0.87. This indicates moderate leverage.
Aptiv PLC (APTV) reported earnings per share (EPS) of $0.75 in its most recent fiscal year.
Aptiv PLC (APTV) has a return on equity (ROE) of 1.8%. This indicates moderate shareholder returns.
Aptiv PLC (APTV) has a 5-year average gross margin of 17.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Aptiv PLC (APTV), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Aptiv PLC (APTV) has a book value per share of $41.85, based on its most recent annual SEC filing.