Financials PHINIA Inc.

Equities

PHIN

US71880K1016

Auto, Truck & Motorcycle Parts

Market Closed - Nyse Other stock markets 04:00:02 2024-05-09 pm EDT			5-day change	1st Jan Change
42.94 ^USD	+0.59%		+3.97%	+41.76%

Apr. 25	Tranche Update on PHINIA Inc.'s Equity Buyback Plan announced on August 31, 2023.	CI
Apr. 25	Transcript : PHINIA Inc., Q1 2024 Earnings Call, Apr 25, 2024

Valuation

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	1,414	1,950	-	-
Enterprise Value (EV) ¹	1,847	2,367	2,355	2,337
P/E ratio	14 x	10.7 x	8.45 x	7.56 x
Yield	1.65%	2.37%	2.67%	3.05%
Capitalization / Revenue	0.4 x	0.56 x	0.55 x	0.54 x
EV / Revenue	0.53 x	0.67 x	0.67 x	0.65 x
EV / EBITDA	3.77 x	4.8 x	4.64 x	4.46 x
EV / FCF	11.5 x	14.6 x	11 x	10.6 x
FCF Yield	8.72%	6.84%	9.13%	9.41%
Price to Book	0.75 x	0.97 x	0.9 x	0.83 x
Nbr of stocks (in thousands)	46,685	45,683	-	-
Reference price ²	30.29	42.69	42.69	42.69
Announcement Date	2/21/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	3,348	3,500	3,510	3,537	3,598
EBITDA ¹	-	490	493.6	507.4	524.5
EBIT ¹	-	241	365	351	366
Operating Margin	-	6.89%	10.4%	9.92%	10.17%
Earnings before Tax (EBT) ¹	-	-	285.7	295.8	304.5
Net income ¹	262	102	201	213	221
Net margin	7.83%	2.91%	5.73%	6.02%	6.14%
EPS ²	-	2.170	3.990	5.050	5.650
Free Cash Flow ¹	-	161	162	215	220
FCF margin	-	4.6%	4.62%	6.08%	6.11%
FCF Conversion (EBITDA)	-	32.86%	32.82%	42.37%	41.94%
FCF Conversion (Net income)	-	157.84%	80.6%	100.94%	99.55%
Dividend per Share ²	-	0.5000	1.010	1.140	1.300
Announcement Date	4/3/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	896	882	863	894.5	891	861.5
EBITDA ¹	117	127	131	126.8	124.3	120
EBIT ¹	-	-	97	92.4	90	85.8
Operating Margin	-	-	11.24%	10.33%	10.1%	9.96%
Earnings before Tax (EBT) ¹	-	62	56	73.8	70.5	66.4
Net income ¹	-	-	29	52.8	50.4	47.5
Net margin	-	-	3.36%	5.9%	5.66%	5.51%
EPS ²	0.2400	0.7000	0.6200	1.160	1.130	1.080
Dividend per Share	-	-	-	-	-	-
Announcement Date	11/6/23	2/21/24	4/25/24	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	433	417	404	387
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	0.8837 x	0.8448 x	0.7969 x	0.738 x
Free Cash Flow ¹	-	161	162	215	220
ROE (net income / shareholders' equity)	-	5.78%	10.6%	10.8%	11.3%
ROA (Net income/ Total Assets)	-	2.51%	6.1%	6.5%	6.8%
Assets ¹	-	4,057	3,295	3,277	3,250
Book Value Per Share ²	-	40.10	43.90	47.50	51.40
Cash Flow per Share ²	-	5.320	7.640	8.860	9.870
Capex ¹	-	150	141	143	145
Capex / Sales	-	4.29%	4.01%	4.03%	4.04%
Announcement Date	4/3/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for PHINIA Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

42.69 USD

Average target price

48 USD

Spread / Average Target

+12.44%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Automotive Accessories

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Automotive Accessories