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Added to YB: 2024-07-02

Pitch date: 2024-03-31

PHIN [bullish]

PHINIA Inc.

+55.62%

current return

Author Info

No bio for this author

Company Info

PHINIA Inc. engages in the development, design, and manufacture of integrated components and systems.

Market Cap

$2.0B

Pitch Price

$37.21

Price Target

N/A

Dividend

2.06%

EV/EBITDA

5.26

P/E

24.02

EV/Sales

0.79

Sector

Automobile Components

Category

growth

Show full summary:
Ariel Investments Focused Value Portfolio Holding: PHINIA Inc.

PHIN: Premium fuel/electrical systems maker. Strong Q earnings, positive 2024 outlook. Pricing, new wins, EV weakness, light vehicle growth offset China CV sales drop. Prioritizing shareholder returns. Expected sustainable growth, cash generation from efficiencies, BorgWarner exit, industrial/aftermarket expansion.

Read full article (1 min)