A Business at a Glance
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PHINIA INC.
PHIN
$3.1B
Mkt Cap
$78.39
+0.01%
PHINIA INC. (PHIN) has a current P/E ratio of 35.2, compared to its historical median P/E of 19.0. The stock is currently considered Expensive based on its historical valuation range.
PHINIA INC. (PHIN) has a 5-year average return on invested capital (ROIC) of 10.9%. This indicates solid capital allocation.
PHINIA INC. (PHIN) has a market capitalization of $3.0B. It is classified as a mid-cap stock.
Yes, PHINIA INC. (PHIN) pays a dividend with a trailing twelve-month yield of 1.38%.
Based on historical P/E analysis, PHINIA INC. (PHIN) appears expensive. The current P/E of 35.2 is 85% above its historical median of 19.0. The estimated fair value CAGR (P/E method) is -6.0%.
PHINIA INC. (PHIN) operates in the Motor Vehicle Parts & Accessories industry, within the Consumer Cyclical sector.
PHINIA INC. (PHIN) reported annual revenue of $3.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business PHINIA Inc. (together with its consolidated subsidiaries, the Company or PHINIA) is a Delaware corporation incorporated in 2023. The Company is a leader in the development, design and manufacture of integrated components and systems that are designed to optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles and industrial applications (medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and aerospace and defense), light commercial vehicles (vans and trucks) and light passenger vehicles (passenger cars, mini-vans, cross-overs and sport-utility vehicles). We are a global supplier to most major original equipment manufacturers (OEMs) seeking to meet and exceed increasingly stringent global regulatory requirements and satisfy consumer demands for an enhanced user experience.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.6B | 3.5B | 3.4B | 3.5B | 3.3B | 3.2B |
| Net Income | 141M | 130M | 79M | 102M | 262M | 152M |
| EPS | $3.59 | $3.24 | $1.76 | $2.17 | $5.57 | $3.23 |
| Free Cash Flow | 204M | 188M | 203M | 100M | 196M | 1.0M |
| ROIC | 8.1% | 7.7% | 7.0% | 7.6% | 16.2% | 15.8% |
| Gross Margin | 21.8% | 21.9% | 22.2% | 20.7% | 21.5% | 20.9% |
| Debt/Equity | 0.64 | 0.64 | 0.66 | 0.46 | 0.07 | 0.00 |
| Dividends/Share | $1.09 | $1.08 | $1.00 | $0.50 | - | - |
| Operating Income | 261M | 254M | 259M | 241M | 318M | 174M |
| Operating Margin | 7.3% | 7.3% | 7.6% | 6.9% | 9.5% | 5.4% |
| ROE | 9.1% | 8.2% | 4.6% | 5.8% | 15.6% | 12.9% |
| Shares Outstanding | 39M | 40M | 45M | 47M | 47M | 47M |
| Metric | ||||||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 3.2B | 3.3B | 3.5B | 3.4B | 3.5B | 3.6B |
| Gross Margin | 20.9% | 21.5% | 20.7% | 22.2% | 21.9% | 21.8% |
| R&D | 132M | 104M | 108M | 112M | 105M | 106M |
| SG&A | 460M | 407M | 413M | 442M | 445M | 453M |
| EBIT | 174M | 318M | 241M | 259M | 254M | 261M |
| Op. Margin | 5.4% | 9.5% | 6.9% | 7.6% | 7.3% | 7.3% |
| Net Income | 152M | 262M | 102M | 79M | 130M | 141M |
| Net Margin | 4.7% | 7.8% | 2.9% | 2.3% | 3.7% | 4.0% |
| Non-Recurring | 69M | 16M | 12M | 35M | 17M | 15M |
| Returns on Capital | ||||||
| ROIC | 15.8% | 16.2% | 7.6% | 7.0% | 7.7% | 8.1% |
| ROE | 12.9% | 15.6% | 5.8% | 4.6% | 8.2% | 9.1% |
| ROA | 6.6% | 6.3% | 2.5% | 2.0% | 3.4% | 3.7% |
| Cash Flow | ||||||
| Op. Cash Flow | 147M | 303M | 250M | 308M | 312M | 325M |
| Free Cash Flow | 1.0M | 196M | 100M | 203M | 188M | 204M |
| Owner Earnings | -68M | 122M | 70M | 134M | 137M | 146M |
| CapEx | 146M | 107M | 150M | 105M | 124M | 121M |
| Maint. CapEx | 204M | 170M | 170M | 160M | 157M | 160M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 204M | 170M | 170M | 160M | 157M | 160M |
| CapEx/OCF | N/A | N/A | 60.0% | 34.1% | 39.7% | 37.2% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 23M | 44M | 42M | 42M |
| Dividend Yield | N/A | N/A | 1.9% | 2.4% | 2.1% | 1.4% |
| Share Buybacks | 0 | 0 | 24M | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 11M | 11M | 10M | 14M | 18M | 19M |
| Debt Repayment | 0 | 1.0M | 4.0M | 722M | 24M | 24M |
| Balance Sheet | ||||||
| Net Debt | -259M | -138M | 499M | 560M | 661M | 664M |
| Cash & Equiv. | 259M | 251M | 365M | 484M | 359M | 328M |
| Long-Term Debt | 0 | 26M | 709M | 963M | 967M | 968M |
| Debt/Equity | 0.00 | 0.07 | 0.46 | 0.66 | 0.64 | 0.64 |
| Interest Coverage | 5.0 | 15.9 | 4.3 | 2.6 | 3.1 | 29.0 |
| Equity | 1.7B | 1.6B | 1.9B | 1.6B | 1.6B | 1.5B |
| Total Assets | 4.2B | 4.1B | 4.0B | 3.8B | 3.8B | 3.8B |
| Total Liabilities | 2.5B | 2.4B | 2.2B | 2.2B | 2.2B | 2.3B |
| Intangibles | N/A | 432M | 417M | 374M | 398M | 387M |
| Retained Earnings | N/A | N/A | 9.0M | 44M | 132M | 158M |
| Working Capital | N/A | 471M | 779M | 872M | 815M | 800M |
| Current Assets | 990M | 1.6B | 1.9B | 1.8B | 1.8B | 1.8B |
| Current Liabilities | N/A | 1.2B | 1.1B | 969M | 947M | 970M |
| Per Share Data | ||||||
| EPS | 3.23 | 5.57 | 2.17 | 1.76 | 3.24 | 3.59 |
| Owner EPS | -1.44 | 2.59 | 1.49 | 2.99 | 3.41 | 3.77 |
| Book Value | 36.38 | 34.93 | 40.15 | 35.07 | 39.55 | 40.03 |
| Cash Flow/Share | 3.12 | 6.44 | 5.32 | 6.86 | 7.78 | 7.78 |
| Dividends/Share | N/A | N/A | 0.50 | 1.00 | 1.08 | 1.09 |
| Shares Out. | 47.1M | 47.0M | 47.0M | 44.9M | 40.1M | 38.7M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | 13.5 | 26.8 | 19.0 | 21.8 |
| P/FCF | N/A | N/A | 13.8 | 10.4 | 13.1 | 14.9 |
| EV/EBIT | N/A | N/A | 6.0 | 8.4 | 12.1 | 14.2 |
| Price/Book | N/A | N/A | 0.7 | 1.3 | N/A | 2.0 |
| Price/Sales | N/A | N/A | 0.3 | 0.5 | 0.6 | 0.9 |
| FCF Yield | N/A | N/A | 7.3% | 9.6% | 7.6% | 6.7% |
| Market Cap | 0 | N/A | 1.4B | 2.1B | 2.5B | 3.0B |
| Avg. Price | 0.00 | N/A | 25.88 | 40.74 | 49.23 | 78.39 |
| Year-End Price | 0.00 | N/A | 29.28 | 47.20 | 61.40 | 78.39 |
PHINIA INC. passes 2 of 9 quality checks, indicating weak fundamentals.
PHINIA INC. trades at 35.2x trailing earnings, compared to its 15-year median P/E of 19.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 17.3x vs a median of 13.1x. The company's 5-year average ROIC is 10.9% with a gross margin of 21.5%. Total shareholder yield (dividends) is 1.4%. At current prices, the estimated annualized return to fair value is +17.3%.
PHINIA INC. (PHIN) has a net profit margin of 3.7%. This is a modest margin.
PHINIA INC. (PHIN) generated $188 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PHINIA INC. (PHIN) has a debt-to-equity ratio of 0.64. This indicates moderate leverage.
PHINIA INC. (PHIN) reported earnings per share (EPS) of $3.24 in its most recent fiscal year.
PHINIA INC. (PHIN) has a return on equity (ROE) of 8.2%. This indicates moderate shareholder returns.
PHINIA INC. (PHIN) has a 5-year average gross margin of 21.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 5 years of financial data for PHINIA INC. (PHIN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PHINIA INC. (PHIN) has a book value per share of $39.55, based on its most recent annual SEC filing.