公司概述
Autoliv, Inc. operates as a premier supplier of passive safety systems within the automotive industry, developing and manufacturing modules and components specifically for frontal-impact and side-impact airbag protection systems across the Americas, Europe, China, and Asia. The company functions within the Consumer Cyclical sector, specifically the Auto Parts industry, meaning its performance is intrinsically linked to global automotive production cycles and consumer spending patterns. As of the latest data, Autoliv commands a substantial market capitalization of $8.23 billion while generating annual revenue (TTM) of $10.81 billion, supported by a workforce of 57,870 employees. These valuation and revenue figures underscore Autoliv's status as a significant player with a dominant market position, reflecting its critical role in vehicle safety infrastructure and its ability to maintain large-scale operations globally.
财务健康
Autoliv reported a trailing twelve-month revenue of $10.81 billion with a corresponding net income of $735.00 million and an EBITDA of $1.51 billion, illustrating a distinct gap between gross sales and bottom-line profit that highlights the company's operational cost structure and overhead expenses. The entity generated free cash flow of $525.50 million, which provides a robust buffer for financial flexibility, allowing management to fund operations, service debt, or pursue strategic initiatives without relying solely on external financing. Profitability analysis reveals a gross margin of 19.2%, an operating margin of 12.2%, and a profit margin of 6.8%, indicating that for every dollar of revenue, the company retains roughly 6.8 cents after all expenses, while the operating margin suggests efficient control over administrative and selling costs relative to gross profit. On the balance sheet, the company holds $604.00 million in cash against $2.32 billion in debt, resulting in a debt-to-equity ratio of 89.78, which characterizes a highly leveraged financial structure typical of capital-intensive manufacturing firms. Liquidity is assessed via a current ratio of 1.04, signaling that the company's current assets are only slightly higher than its current liabilities, suggesting a tight but manageable short-term liquidity position. Return on equity stands at 30.2% while return on assets is 8.4%, metrics that collectively reveal highly effective management in generating shareholder value relative to the equity invested and utilizing the total asset base efficiently.
估值评估
Valuation metrics indicate a trailing P/E ratio of 11.52 and a forward P/E of 9.24, where the lower forward multiple implies that the market expects earnings growth to outpace the current run rate, compressing the valuation multiple as profitability improves. The price-to-book ratio is recorded at 3.19, suggesting that the market values Autoliv's equity at more than three times its book value, reflecting a premium assigned to its intangible assets, brand strength, and market dominance in the safety system sector. Alternative valuation measures include a price-to-sales ratio of 0.76 and an EV/EBITDA of 6.57, which together suggest a valuation that is relatively low compared to historical norms for high-margin technology firms, potentially indicating undervaluation or specific sector headwinds. Price action over the past year shows a 52-week high of $130.14 and a 52-week low of $75.49, placing the stock's trading range within a significant band where the current price sits below the 52-week high, reflecting recent market volatility or sector-specific rotation. The stock exhibits a beta of 1.36, indicating that Autoliv's share price is statistically more volatile than the broader market, moving approximately 36% more than the market index in response to systemic risk factors.
Growth & Income
Revenue growth for the trailing twelve months stands at 7.7%, while earnings growth (YoY) is recorded at -4.2%, indicating that earnings are currently growing slower than revenue, a divergence often driven by margin compression, one-time costs, or foreign exchange headwinds impacting the bottom line. As a dividend payer, Autoliv offers a dividend yield of 3.0% with a payout ratio of 32.7%, a figure that suggests the dividend is sustainable given that the company pays out less than one-third of its net income to shareholders, retaining the majority for reinvestment. The divergence between positive revenue growth and negative earnings growth highlights a need to analyze cost of goods sold and operating leverage before concluding on overall profitability trends. Overall, the company presents a profile of moderate revenue expansion paired with a disciplined approach to income distribution, balancing shareholder returns with capital retention in a capital-intensive industry.