Gentex Corp (STU:GTX)
€ 29.2 0.2 (0.69%) Market Cap: 6.62 Bil Enterprise Value: 6.43 Bil PE Ratio: 16.42 PB Ratio: 2.89 GF Score: 84/100

Gentex Corp at Gabelli Automotive Aftermarket Symposium (Virtual) Transcript

Nov 01, 2021 / 07:00PM GMT
Release Date Price: €30.59 (+1.29%)
Brian C. Sponheimer
Gabelli Funds, LLC - Research Analyst

So moving along, I will be going into the first of fireside chat format here. In room, we have Gentex Corporation and their Chairman and CEO, Steve Downing. Gentex, I would call an automotive safety company, first and foremost, but there's a lot more going on here. It's headquartered in Zeeland, Michigan and it designs and manufacturers vision systems, dimmable devices, connectivity and sensing systems for global vehicle markets. Company is also manufacturing dimmable aircraft mirrors and we're going to talk about that as well. A terrific company, incredibly profitable and has been successful for a long time.

The company has about 238 million shares, trades around $37, but has $8.7 billion equity cap. Terrific balance sheet, no debt. About $370 million in net cash, about $8.4 billion total enterprise value. So I am going to grab my notes and sit down here and Steve and I can chat. But Steve, thank you very much for being with us in Las Vegas and maybe while I'm moving around here, if you can give those in the room and maybe those on Zoom

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