Professional
Added to YB: 2024-01-30
Pitch date: 2024-01-30
GTX [bullish]
Garrett Motion Inc.
+94.44%
current return
Author Info
No bio for this author
Company Info
Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors in the United States, Europe, Asia, and internationally.
Market Cap
$3.2B
Pitch Price
$8.77
Price Target
36.00 (+111%)
Dividend
1.94%
EV/EBITDA
7.22
P/E
10.47
EV/Sales
1.27
Sector
Automobile Components
Category
turnaround
McIntyre Partnerships holding - Garrett Motion ($GTX)
GTX: Benefits from slowing BEV growth; 60% EBITDA from ICE & hybrids. Trades at 5x 2024 FCF. Downside: flat EBITDA by 2027, $1.2B FCF for buybacks/debt cuts. Upside: 25% EBITDA growth, $3 EPS by 2027; 12x PE = $36 (now $9). Hybrids reduce CO2 like BEVs. Limited downside, big upside.
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