Advance Auto Parts, Inc. (AAP) vs Gentex Corporation (GNTX)

Advance Auto Parts, Inc. and Gentex Corporation are both Auto Parts companies. Gentex Corporation is the larger, with a market value of $4.6B against $2.5B — 1.9× the size. Gentex Corporation trades at the lower P/E: 11.9× against 30.0×. Gentex Corporation grew revenue faster over the last twelve months: 10.1% against −1.32%. Gentex Corporation has the higher net margin (15.3% vs 0.97%) and the higher return on invested capital (13.8% vs 5.84%). Both pay a dividend; Advance Auto Parts, Inc. yields more (2.70% vs 1.41%). Across the 23 metrics below, Gentex Corporation leads on 16 and Advance Auto Parts, Inc. on 7.

Valuation

Metric AAP GNTX Auto Parts median
P/E 30.02 11.93 17.92
P/S 0.29 1.79 0.64
P/B 1.11 1.85 1.15
Price to free cash flow 108.93 9.30 12.82
EV/EBITDA 6.27 7.28 7.66
EV/Sales 0.36 1.70 0.73
Earnings yield 3.33% 8.39% 2.73%
Free cash flow yield 0.92% 10.75% 3.47%

Profitability

Metric AAP GNTX Auto Parts median
Gross margin 44.69% 35.00% 22.64%
Operating margin 2.74% 19.32% 3.67%
Net margin 0.97% 15.26% 1.68%
Free cash flow margin 0.29% 19.24% 2.31%
Return on equity 3.77% 16.13% 2.35%
Return on assets 0.74% 13.78% 0.89%
Return on invested capital 5.84% 13.82% 4.55%

Growth

Metric AAP GNTX Auto Parts median
Revenue growth (TTM) (1.32%) 10.13% 5.00%
EPS growth (last fiscal year) 113.01% (1.14%) —
Revenue growth, 5-year CAGR (3.17%) 8.46% 7.78%
Net income growth, 5-year CAGR (38.32%) 2.05% 0.00%

Health

Metric AAP GNTX Auto Parts median
Debt to equity 1.50 0.00 0.38
Current ratio 1.75 3.04 1.78
Net debt to EBITDA 1.26 (0.26) 1.26

Dividend

Metric AAP GNTX Auto Parts median
Dividend yield 2.70% 1.41% 2.37%
Payout ratio 0.78 0.31 0.00

Size

Metric AAP GNTX Auto Parts median
Market cap 2.50b 4.64b 914.31m

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