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Gentex GNTX Goodwill impairment

Goodwill impairment at other companies

Aptiv logo
AptivAPTV
$648M
Mobileye Global Inc. logo
Mobileye Global Inc.MBLY
$3.79B
Ralliant Corporation logo
Ralliant CorporationRAL
$360.43M

Segments

By segment

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Automotive Products$0
Other$0-100%
Premium Audio Products$0

Other financials

Income statement

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Revenue$675.4M+17.1%
Gross profit$228.6M+19.2%
Operating income$123.7M+9.4%
Net income$98.5M+3.8%
EPS (diluted)$0.46+9.5%

Balance sheet

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Cash & equivalents$164.8M-42.5%
Total debt$10.8M+123%
Total equity$2.5B+1.1%
Total assets$3.0B+7.7%

Cash flow

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Operating cash flow$137.1M-7.7%
CapEx$17.0M-53.6%
Free cash flow$120.0M+7.4%

Valuation

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Market cap$5.53B-11.1%
Enterprise value$5.37B-9.2%
P/E14.2×-1.7×
P/S2.1×-0.6×

Profitability

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Gross margin34.3%+1.2pp
Operating margin18.4%-0.9pp
Net margin14.8%-2.3pp
FCF margin17.7%+1.7pp

Returns & leverage

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Return on equity15.6%-0.5pp
Debt / equity0.0×
Current ratio2.7×-1.4×

Questions, answered.

What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.