/
Founded in 1965, Stoneridge, Inc. (the Company ) is a global supplier of safe and efficient electronics systems and technologies. Our systems and products power vehicle intelligence, while enabling safety and security for on-and off-highway transportation sectors around the world.
The business is unprofitable at the operating level (-4.48% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 5.2% YoY. Margins deteriorated 4.4pp alongside, both lines moving the wrong way.
Free cash flow declined 48% versus the prior year, cash generation momentum has weakened. ROIC dropped from -0.11% to -9.69%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$873M
▼ -5.2% YoY
Net Income (TTM)
-$124M
▼ -522.3% YoY
Op. Margin
-4.96%
▼ -4.4pp YoY
ROIC
-12.82%
▼ -9.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▼ -48.1% YoY
Op. Cash Flow (TTM)
$12M
▼ -28.7% YoY
Net Debt
-$64M
Net Cash Position
Cash & Equiv.
$71M
5Y CAGR: +5.9%
5Y CAGR: +65.5%
Continue Research