Adient plc (ADNT) 10-Year Financial Performance & Capital Metrics

ADNT • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentSeating & Interior SystemsAutomotive Seating Systems

AboutAdient plc designs, develops, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's seating solutions include frames, mechanisms, foams, head restraints, armrests, and trim covers. It serves automotive original equipment manufacturers in the Americas, including North America and South America; Europe, Middle East, and Africa; and Asia Pacific. The company was incorporated in 2016 and is based in Dublin, Ireland.Show more

Revenue $14.69B -4.6%
EBITDA $753M -8.1%
Net Income $18M -91.2%
EPS (Diluted) 0.20 -90.7%
Gross Margin 6.32% -5.8%
EBITDA Margin 5.13% -3.6%
Operating Margin 2.87% -7.9%
Net Margin 0.12% -90.8%
ROE 0.7% -91.4%
ROIC 7.87% -11.5%
Debt/Equity 0.95 -2.5%
Interest Coverage 2.20 -6.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 5.6% through buybacks
✓Trading at only 0.8x book value
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

✗Weak 3Y average ROE of 1.5%
✗Thin 5Y average net margin of 1.0%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.98%

5Y-2.33%

3Y2.4%

TTM-1.04%

Profit (Net Income) CAGR

10Y-24.7%

5Y-

3Y-74.67%

TTM-1661.11%

EPS CAGR

10Y-24.4%

5Y-

3Y-74.15%

TTM-

ROCE

10Y Avg4.71%

5Y Avg4.79%

3Y Avg6.36%

Latest7.41%

Peer Comparison

Automotive Seating Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ADNTAdient plc	1.85B	23.41	117.05	-4.59%	-1.93%	-13.02%	14.95%	0.95
MGAMagna International Inc.	15.9B	56.42	16.03	0.09%	2.47%	7.99%	9.16%	0.59
LEALear Corporation	6.49B	125.13	13.95	-0.7%	1.92%	8.43%	8.65%	0.76

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	20.07B	16.84B	16.21B	17.44B	16.53B	12.67B	13.68B	14.12B	15.39B	14.69B
Revenue Growth %	-0.09%	-0.16%	-0.04%	0.08%	-0.05%	-0.23%	0.08%	0.03%	0.09%	-0.05%
Cost of Goods Sold+	18.22B	15.23B	14.8B	16.53B	15.72B	12.08B	12.85B	13.31B	14.36B	13.76B
COGS % of Revenue	0.91%	0.9%	0.91%	0.95%	0.95%	0.95%	0.94%	0.94%	0.93%	0.94%
Gross Profit+	1.85B	1.61B	1.41B	911M	801M	592M	826M	807M	1.03B	928M
Gross Margin %	0.09%	0.1%	0.09%	0.05%	0.05%	0.05%	0.06%	0.06%	0.07%	0.06%
Gross Profit Growth %	-0.05%	-0.13%	-0.12%	-0.35%	-0.12%	-0.26%	0.4%	-0.02%	0.28%	-0.1%
Operating Expenses+	1.13B	1.22B	691M	694M	671M	572M	537M	598M	554M	507M
OpEx % of Revenue	0.06%	0.07%	0.04%	0.04%	0.04%	0.05%	0.04%	0.04%	0.04%	0.03%
Selling, General & Admin	1.13B	1.22B	691M	694M	671M	572M	537M	598M	554M	507M
SG&A % of Revenue	0.06%	0.07%	0.04%	0.04%	0.04%	0.05%	0.04%	0.04%	0.04%	0.03%
Research & Development	599M	460M	488M	513M	454M	370M	0	0	0	0
R&D % of Revenue	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	-	-	-	-
Other Operating Expenses	0	0	0	0	-45M	-14M	0	0	0	0
Operating Income+	904M	369M	1.1B	-1.06B	345M	42M	289M	209M	479M	421M
Operating Margin %	0.05%	0.02%	0.07%	-0.06%	0.02%	0%	0.02%	0.01%	0.03%	0.03%
Operating Income Growth %	0.47%	-0.59%	1.99%	-1.96%	1.32%	-0.88%	5.88%	-0.28%	1.29%	-0.12%
EBITDA+	1.25B	713M	1.46B	-616M	663M	374M	619M	559M	819M	753M
EBITDA Margin %	0.06%	0.04%	0.09%	-0.04%	0.04%	0.03%	0.05%	0.04%	0.05%	0.05%
EBITDA Growth %	0.19%	-0.43%	1.05%	-1.42%	2.08%	-0.44%	0.66%	-0.1%	0.47%	-0.08%
D&A (Non-Cash Add-back)	347M	344M	358M	447M	318M	332M	330M	350M	340M	332M
EBIT	955M	397M	1.19B	-979M	169M	-1M	1.7B	253M	488M	324M
Net Interest Income+	-26M	-19M	-168M	-139M	-187M	-224M	-251M	-179M	-181M	-181M
Interest Income	1M	2M	4M	5M	11M	11M	7M	9M	22M	10M
Interest Expense	27M	21M	172M	144M	198M	235M	258M	188M	203M	191M
Other Income/Expense	238M	-10M	344M	-887M	-128M	-463M	1.15B	-155M	-184M	-288M
Pretax Income+	959M	390M	1.06B	-1.12B	2M	-429M	1.44B	54M	295M	133M
Pretax Margin %	0.05%	0.02%	0.07%	-0.06%	0%	-0.03%	0.11%	0%	0.02%	0.01%
Income Tax+	418M	1.84B	99M	480M	410M	57M	249M	94M	0	32M
Effective Tax Rate %	0.5%	-3.93%	0.83%	1.5%	-204%	1.13%	0.77%	-2.22%	0.69%	0.14%
Net Income+	475M	-1.53B	877M	-1.69B	-408M	-486M	1.11B	-120M	205M	18M
Net Margin %	0.02%	-0.09%	0.05%	-0.1%	-0.02%	-0.04%	0.08%	-0.01%	0.01%	0%
Net Income Growth %	0.55%	-4.23%	1.57%	-2.92%	0.76%	-0.19%	3.28%	-1.11%	2.71%	-0.91%
Net Income (Continuing)	526M	-1.46B	962M	-1.6B	-408M	-486M	1.19B	-40M	295M	101M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	172M	165M	341M	372M	392M	365M	582M	347M	375M	400M
EPS (Diluted)+	4.92	-16.40	9.34	-18.06	-4.36	-5.18	11.58	-0.42	2.15	0.20
EPS Growth %	0.5%	-4.33%	1.57%	-2.93%	0.76%	-0.19%	3.24%	-1.04%	6.12%	-0.91%
EPS (Basic)	4.92	-16.40	9.38	-18.06	-4.36	-5.18	11.76	-0.42	2.17	0.20
Diluted Shares Outstanding	93.5M	93.5M	93.9M	93.3M	93.6M	93.8M	95.7M	94.8M	95.4M	90.1M
Basic Shares Outstanding	93.5M	93.5M	93.5M	93.3M	93.6M	93.8M	94.2M	94.8M	94.5M	89.5M
Dividend Payout Ratio	-	-	0.06%	-	-	-	-	-	-	-

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	3.81B	5.69B	4.5B	4.31B	4.12B	4.48B	5.09B	4.16B	4.32B	4.09B
Cash & Short-Term Investments	44M	105M	709M	687M	924M	1.69B	1.52B	947M	1.11B	945M
Cash Only	44M	105M	709M	687M	924M	1.69B	1.52B	947M	1.11B	945M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.13B	2.08B	2.22B	2.09B	1.91B	1.64B	1.43B	1.85B	1.87B	1.9B
Days Sales Outstanding	38.81	45.13	50.07	43.76	42.07	47.27	38.05	47.87	44.43	47.12
Inventory	701M	660M	735M	824M	793M	685M	976M	953M	841M	758M
Days Inventory Outstanding	14.04	15.82	18.12	18.2	18.41	20.7	27.71	26.13	21.37	20.11
Other Current Assets	927M	2.84B	831M	707M	494M	464M	1.16B	411M	491M	487M
Total Non-Current Assets+	6.63B	7.34B	8.67B	6.63B	6.23B	5.78B	5.69B	5B	5.11B	5.26B
Property, Plant & Equipment	2.14B	2.19B	2.5B	1.68B	1.67B	1.58B	1.61B	1.38B	1.38B	1.41B
Fixed Asset Turnover	9.38x	7.67x	6.48x	10.36x	9.89x	8.01x	8.51x	10.25x	11.14x	10.42x
Goodwill	2.16B	2.18B	2.52B	2.18B	2.15B	2.06B	2.21B	2.06B	2.09B	2.16B
Intangible Assets	129M	113M	543M	460M	405M	443M	555M	467M	408M	371M
Long-Term Investments	1.65B	1.75B	1.79B	1.41B	1.4B	707M	335M	286M	303M	338M
Other Non-Current Assets	557M	494M	293M	395M	402M	991M	983M	808M	921M	982M
Total Assets+	10.44B	13.03B	13.17B	10.94B	10.34B	10.26B	10.78B	9.16B	9.42B	9.35B
Asset Turnover	1.92x	1.29x	1.23x	1.59x	1.60x	1.23x	1.27x	1.54x	1.63x	1.57x
Asset Growth %	-0.07%	0.25%	0.01%	-0.17%	-0.05%	-0.01%	0.05%	-0.15%	0.03%	-0.01%
Total Current Liabilities+	4.01B	4.26B	4.33B	4.19B	3.83B	3.82B	3.51B	3.5B	3.74B	3.68B
Accounts Payable	2.65B	2.78B	2.96B	2.47B	2.71B	2.18B	2.13B	2.48B	2.53B	2.55B
Days Payables Outstanding	53.15	66.54	72.93	54.5	62.88	65.85	60.48	67.93	64.2	67.69
Short-Term Debt	24M	79M	38M	8M	30M	210M	184M	14M	134M	9M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	0	0	0	0	0
Other Current Liabilities	662M	975M	888M	579M	732M	1.43B	1.2B	1.01B	1.08B	1.12B
Current Ratio	0.95x	1.34x	1.04x	1.03x	1.07x	1.17x	1.45x	1.19x	1.15x	1.11x
Quick Ratio	0.77x	1.18x	0.87x	0.83x	0.87x	0.99x	1.17x	0.92x	0.93x	0.90x
Cash Conversion Cycle	-0.3	-5.58	-4.74	7.46	-2.4	2.13	5.28	6.06	1.61	-0.47
Total Non-Current Liabilities+	628M	4.4B	4.22B	3.99B	4.27B	4.86B	4.31B	3.24B	3.08B	3.14B
Long-Term Debt	35M	3.44B	3.44B	3.42B	3.71B	4.1B	3.51B	2.56B	2.4B	2.4B
Capital Lease Obligations	0	0	0	2M	0	0	0	0	0	0
Deferred Tax Liabilities	0	22M	389M	217M	206M	0	0	0	0	0
Other Non-Current Liabilities	593M	913M	782M	562M	559M	767M	797M	673M	682M	743M
Total Liabilities	4.64B	8.66B	8.55B	8.18B	8.1B	8.68B	7.82B	6.74B	6.82B	6.82B
Total Debt+	59M	3.56B	3.48B	3.43B	3.74B	4.31B	3.7B	2.58B	2.54B	2.4B
Net Debt	15M	3.46B	2.77B	2.74B	2.81B	2.62B	2.17B	1.63B	1.43B	1.46B
Debt / Equity	0.01x	0.81x	0.75x	1.24x	1.67x	2.73x	1.25x	1.07x	0.97x	0.95x
Debt / EBITDA	0.05x	5.00x	2.38x	-	5.64x	11.52x	5.97x	4.61x	3.10x	3.19x
Net Debt / EBITDA	0.01x	4.85x	1.90x	-	4.24x	6.99x	3.51x	2.92x	1.74x	1.94x
Interest Coverage	33.48x	17.57x	6.41x	-7.38x	1.74x	0.18x	1.12x	1.11x	2.36x	2.20x
Total Equity+	5.8B	4.38B	4.62B	2.76B	2.24B	1.58B	2.96B	2.42B	2.6B	2.53B
Equity Growth %	0.03%	-0.25%	0.06%	-0.4%	-0.19%	-0.3%	0.87%	-0.18%	0.08%	-0.03%
Book Value per Share	62.01	46.79	49.20	29.62	23.93	16.82	30.91	25.53	27.29	28.12
Total Shareholders' Equity	5.63B	4.21B	4.28B	2.39B	1.85B	1.21B	2.38B	2.07B	2.23B	2.13B
Common Stock	5.87B	4.49B	0	0	0	0	0	0	0	0
Retained Earnings	0	0	734M	-1.03B	-1.54B	-2.1B	-988M	-1.11B	-903M	-885M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-247M	-276M	-397M	-531M	-569M	-665M	-627M	-845M	-842M	-693M
Minority Interest	172M	165M	341M	372M	392M	365M	582M	347M	375M	400M

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	397M	-1.03B	746M	679M	308M	246M	260M	274M	667M	543M
Operating CF Margin %	0.02%	-0.06%	0.05%	0.04%	0.02%	0.02%	0.02%	0.02%	0.04%	0.04%
Operating CF Growth %	-0.5%	-3.6%	1.72%	-0.09%	-0.55%	-0.2%	0.06%	0.05%	1.43%	-0.19%
Net Income	541M	-1.45B	962M	-1.6B	-408M	-486M	1.11B	-40M	295M	101M
Depreciation & Amortization	347M	344M	358M	447M	318M	332M	330M	350M	340M	332M
Stock-Based Compensation	16M	28M	45M	47M	20M	15M	0	29M	34M	31M
Deferred Taxes	-51M	-572M	-52M	344M	288M	-33M	40M	-25M	-124M	-1M
Other Non-Cash Items	-224M	-4M	-327M	1.42B	80M	349M	-991M	68M	-4M	5M
Working Capital Changes	-232M	619M	-240M	19M	10M	69M	-227M	-108M	126M	75M
Change in Receivables	-233M	83M	30M	117M	301M	322M	483M	-576M	16M	12M
Change in Inventory	-63M	49M	-10M	-106M	8M	78M	-263M	-62M	126M	93M
Change in Payables	8M	57M	-113M	143M	-191M	-251M	-388M	558M	-19M	90M
Cash from Investing+	-489M	-425M	-795M	-487M	-383M	166M	347M	484M	-229M	-253M
Capital Expenditures	-478M	-437M	-577M	-536M	-468M	-326M	-260M	-227M	-252M	-266M
CapEx % of Revenue	0.02%	0.03%	0.04%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7M	-6M	29M	49M	85M	-296M	3M	20M	24M	15M
Cash from Financing+	93M	1.52B	627M	-213M	303M	393M	-770M	-1.27B	-271M	-502M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-88M	-52M	-103M	-26M	-71M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	103M	117M	845M	-108M	-84M	-12M	-76M	-272M	-103M	-89M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-81M	-1.47B	169M	143M	-160M	-80M	0	47M	415M	277M
FCF Margin %	-0%	-0.09%	0.01%	0.01%	-0.01%	-0.01%	-	0%	0.03%	0.02%
FCF Growth %	-1.47%	-17.16%	1.11%	-0.15%	-2.12%	0.5%	1%	-	7.83%	-0.33%
FCF per Share	-0.87	-15.73	1.80	1.53	-1.71	-0.85	-	0.50	4.35	3.07
FCF Conversion (FCF/Net Income)	0.84x	0.67x	0.85x	-0.40x	-0.75x	-0.51x	0.23x	-2.28x	3.25x	30.17x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.31%	-30.14%	19.5%	-45.64%	-16.31%	-25.46%	48.85%	-4.46%	8.16%	0.7%
Return on Invested Capital (ROIC)	11.73%	4.06%	10.86%	-12.36%	4.9%	0.68%	4.65%	3.41%	8.89%	7.87%
Gross Margin	9.23%	9.56%	8.68%	5.22%	4.85%	4.67%	6.04%	5.71%	6.71%	6.32%
Net Margin	2.37%	-9.1%	5.41%	-9.66%	-2.47%	-3.84%	8.1%	-0.85%	1.33%	0.12%
Debt / Equity	0.01x	0.81x	0.75x	1.24x	1.67x	2.73x	1.25x	1.07x	0.97x	0.95x
Interest Coverage	33.48x	17.57x	6.41x	-7.38x	1.74x	0.18x	1.12x	1.11x	2.36x	2.20x
FCF Conversion	0.84x	0.67x	0.85x	-0.40x	-0.75x	-0.51x	0.23x	-2.28x	3.25x	30.17x
Revenue Growth	-8.94%	-16.11%	-3.71%	7.56%	-5.24%	-23.33%	7.97%	3.22%	9.02%	-4.59%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Interiors	-	-	-	-	-	-	-
Interiors Growth	-	-	-	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
Americas	-	7.79B	-	-	6.56B	7.22B	6.76B
Americas Growth	-	-	-	-	-	10.11%	-6.33%
UNITED STATES	6.12B	6.43B	-	-	5.88B	6.53B	5.89B
UNITED STATES Growth	-	5.18%	-	-	-	11.13%	-9.75%
EMEA	-	6.67B	-	-	4.76B	5.2B	5.03B
EMEA Growth	-	-	-	-	-	9.05%	-3.20%
Other EMEA	-	-	-	-	-	-	3.74B
Other EMEA Growth	-	-	-	-	-	-	-
Asia	-	2.34B	-	-	2.93B	3.08B	2.99B
Asia Growth	-	-	-	-	-	5.43%	-3.11%
MEXICO	1.18B	2.71B	-	-	2.43B	2.66B	2.63B
MEXICO Growth	-	130.16%	-	-	-	9.64%	-1.01%
CHINA	-	529M	-	-	1.37B	1.39B	1.42B
CHINA Growth	-	-	-	-	-	0.80%	2.53%
GERMANY	1.46B	1.46B	-	-	862M	1.05B	942M
GERMANY Growth	-	-0.07%	-	-	-	21.35%	-9.94%
POLAND	-	-	-	-	-	963M	939M
POLAND Growth	-	-	-	-	-	-	-2.49%
CZECHIA	-	-	-	-	962M	900M	756M
CZECHIA Growth	-	-	-	-	-	-6.44%	-16.00%
THAILAND	-	614M	-	-	508M	564M	496M
THAILAND Growth	-	-	-	-	-	11.02%	-12.06%
KOREA, REPUBLIC OF	-	-	-	-	-	534M	488M
KOREA, REPUBLIC OF Growth	-	-	-	-	-	-	-8.61%
JAPAN	-	529M	-	-	264M	373M	344M
JAPAN Growth	-	-	-	-	-	41.29%	-7.77%
Other Non-US	3.16B	435M	-	-	377M	338M	314M
Other Non-US Growth	-	-86.24%	-	-	-	-10.34%	-7.10%
Other Asia	-	-	-	-	-	-	294M
Other Asia Growth	-	-	-	-	-	-	-
Other EMEA (Excluding Germany)	-	5.62B	-	-	4.23B	2.99B	-
Other EMEA (Excluding Germany) Growth	-	-	-	-	-	-29.37%	-
SPAIN	-	-	-	-	-	725M	-
SPAIN Growth	-	-	-	-	-	-	-
Other Asia (Excluding China)	-	668M	-	-	804M	284M	-
Other Asia (Excluding China) Growth	-	-	-	-	-	-64.68%	-
Americas	-	-	5.89B	6.16B	-	-	-
Americas Growth	-	-	-	4.67%	-	-	-
EMEA	-	-	5.15B	5.56B	-	-	-
EMEA Growth	-	-	-	8.08%	-	-	-
Asia	-	-	1.82B	2.12B	-	-	-
Asia Growth	-	-	-	16.52%	-	-	-
CZECH REPUBLIC	-	1.43B	-	-	-	-	-
CZECH REPUBLIC Growth	-	-	-	-	-	-	-
Other European Countries	5.52B	-	-	-	-	-	-
Other European Countries Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Adient plc (ADNT) has a price-to-earnings (P/E) ratio of 117.0x. This suggests investors expect higher future growth.

Growth & Financials

Adient plc (ADNT) reported $14.54B in revenue for fiscal year 2024. This represents a 34% decrease from $22.04B in 2014.

Adient plc (ADNT) saw revenue decline by 4.6% over the past year.

Adient plc (ADNT) reported a net loss of $281.0M for fiscal year 2024.

Dividend & Returns

Adient plc (ADNT) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Adient plc (ADNT) generated $205.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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