Autoliv, Inc. (ALV) 10-Year Financial Performance & Capital Metrics

ALV • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentSafety & Security SystemsPassive Safety Systems

AboutAutoliv, Inc., through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers. The company primarily serves car manufacturers. Autoliv, Inc. was founded in 1953 and is headquartered in Stockholm, Sweden.Show more

Revenue $10.39B -0.8%
EBITDA $1.37B +27.9%
Net Income $646M +32.4%
EPS (Diluted) 8.03 +40.1%
Gross Margin 18.55% +6.6%
EBITDA Margin 13.15% +28.9%
Operating Margin 9.42% +43.0%
Net Margin 6.22% +33.5%
ROE 26.66% +41.9%
ROIC 18.08% +40.9%
Debt/Equity 0.91 +14.7%
Interest Coverage 9.06 +22.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.5%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.1%
✓Share count reduced 5.6% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.18%

5Y3.98%

3Y8.08%

TTM0.84%

Profit (Net Income) CAGR

10Y3.28%

5Y6.96%

3Y14.09%

TTM19.55%

EPS CAGR

10Y4.73%

5Y8.75%

3Y17.42%

TTM26.04%

ROCE

10Y Avg15.22%

5Y Avg15.33%

3Y Avg18.2%

Latest23.12%

Peer Comparison

Passive Safety Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ALVAutoliv, Inc.	9.84B	129.58	16.14	-0.81%	7.08%	29.39%	4.88%	0.91

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.17B	10.07B	10.38B	8.68B	8.55B	7.45B	8.23B	8.84B	10.47B	10.39B
Revenue Growth %	-0.01%	0.1%	0.03%	-0.16%	-0.02%	-0.13%	0.11%	0.07%	0.18%	-0.01%
Cost of Goods Sold+	7.33B	6.29B	6.46B	6.97B	6.96B	6.2B	6.72B	7.45B	8.65B	8.46B
COGS % of Revenue	0.8%	0.62%	0.62%	0.8%	0.81%	0.83%	0.82%	0.84%	0.83%	0.81%
Gross Profit+	1.84B	1.63B	1.68B	1.71B	1.58B	1.25B	1.51B	1.4B	1.82B	1.93B
Gross Margin %	0.2%	0.16%	0.16%	0.2%	0.19%	0.17%	0.18%	0.16%	0.17%	0.19%
Gross Profit Growth %	0.02%	-0.12%	0.03%	0.02%	-0.07%	-0.21%	0.21%	-0.08%	0.31%	0.06%
Operating Expenses+	1.12B	797M	820.1M	1.03B	860M	864M	836M	737M	1.13B	948M
OpEx % of Revenue	0.12%	0.08%	0.08%	0.12%	0.1%	0.12%	0.1%	0.08%	0.11%	0.09%
Selling, General & Admin	411.5M	394.4M	406.6M	390.3M	399M	389M	432M	440M	500M	530M
SG&A % of Revenue	0.04%	0.04%	0.04%	0.04%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Research & Development	523.8M	651M	740.9M	412.6M	405.5M	375.5M	391M	390M	425M	398M
R&D % of Revenue	0.06%	0.06%	0.07%	0.05%	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%
Other Operating Expenses	181M	45.3M	42.9M	222.4M	55M	99M	13M	-93M	206M	20M
Operating Income+	727.8M	831M	859.6M	686M	726M	382M	675M	659M	690M	979M
Operating Margin %	0.08%	0.08%	0.08%	0.08%	0.08%	0.05%	0.08%	0.07%	0.07%	0.09%
Operating Income Growth %	0.01%	0.14%	0.03%	-0.2%	0.06%	-0.47%	0.77%	-0.02%	0.05%	0.42%
EBITDA+	1.05B	1.21B	1.29B	1.08B	1.08B	753M	1.07B	1.02B	1.07B	1.37B
EBITDA Margin %	0.11%	0.12%	0.12%	0.12%	0.13%	0.1%	0.13%	0.12%	0.1%	0.13%
EBITDA Growth %	0.02%	0.16%	0.06%	-0.16%	-0.01%	-0.3%	0.42%	-0.04%	0.05%	0.28%
D&A (Non-Cash Add-back)	319.1M	383M	425.8M	397.1M	351M	371M	394M	363M	378M	387M
EBIT	740.8M	846.4M	853.5M	678.5M	718M	364M	674M	663M	705M	983M
Net Interest Income+	-62.4M	-57.7M	-53.7M	-59.2M	-66M	-68M	-56M	-54M	-80M	-95M
Interest Income	2.7M	4.5M	7.4M	6.9M	3.6M	5M	4M	6M	13M	13M
Interest Expense	65.1M	62.4M	61.2M	66.1M	69.5M	73M	60M	60M	93M	108M
Other Income/Expense	-52.1M	-46.8M	-67.2M	-73.6M	-77.6M	-91M	-61M	-56M	-78M	-104M
Pretax Income+	675.7M	803.8M	506.5M	612.4M	648.4M	291.2M	614M	603M	612M	875M
Pretax Margin %	0.07%	0.08%	0.05%	0.07%	0.08%	0.04%	0.07%	0.07%	0.06%	0.08%
Income Tax+	218.2M	224.3M	204.4M	234.9M	186M	103M	177M	178M	123M	227M
Effective Tax Rate %	0.68%	0.71%	0.84%	0.31%	0.71%	0.64%	0.71%	0.7%	0.8%	0.74%
Net Income+	456.8M	567.1M	427.1M	190.4M	461.5M	187M	435M	423M	488M	646M
Net Margin %	0.05%	0.06%	0.04%	0.02%	0.05%	0.03%	0.05%	0.05%	0.05%	0.06%
Net Income Growth %	-0.02%	0.24%	-0.25%	-0.55%	1.42%	-0.59%	1.33%	-0.03%	0.15%	0.32%
Net Income (Continuing)	457.5M	559.9M	588M	377.5M	462M	188M	437M	425M	489M	648M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	12.5M	249.2M	134.3M	13.1M	13.2M	14.2M	15M	13M	13M	10M
EPS (Diluted)+	5.17	6.42	4.87	2.18	5.28	2.14	4.96	4.85	5.73	8.03
EPS Growth %	0.02%	0.24%	-0.24%	-0.55%	1.42%	-0.59%	1.32%	-0.02%	0.18%	0.4%
EPS (Basic)	5.18	6.43	4.88	2.19	5.29	2.14	4.97	4.86	5.74	8.05
Diluted Shares Outstanding	88.4M	88.4M	87.7M	87.3M	87.4M	87.5M	87.7M	87.2M	85.2M	80.4M
Basic Shares Outstanding	88.2M	88.2M	87.5M	87.1M	87.2M	87.3M	87.5M	87.1M	85M	80.2M
Dividend Payout Ratio	0.43%	0.36%	0.49%	1.13%	0.47%	0.29%	0.38%	0.53%	0.46%	0.34%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.04B	4.14B	4.2B	3.29B	3B	4.27B	3.67B	3.71B	3.97B	3.48B
Cash & Short-Term Investments	1.33B	1.23B	959.5M	615.8M	444.7M	1.18B	969M	594M	498M	330M
Cash Only	1.33B	1.23B	959.5M	615.8M	444.7M	1.18B	969M	594M	498M	330M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.79B	1.96B	1.7B	1.65B	1.62B	1.82B	1.7B	1.91B	2.2B	1.99B
Days Sales Outstanding	71.16	71.02	59.65	69.49	69.34	89.2	75.35	78.72	76.59	70.01
Inventory	711.4M	773.4M	704.3M	757.9M	740.9M	798M	777M	969M	1.01B	921M
Days Inventory Outstanding	35.45	44.85	39.81	39.71	38.84	46.97	42.21	47.5	42.68	39.72
Other Current Assets	106.2M	44.7M	691.2M	51M	58M	309M	66M	84M	93M	72M
Total Non-Current Assets+	3.49B	4.09B	4.35B	3.44B	3.77B	3.89B	3.86B	4B	4.36B	4.32B
Property, Plant & Equipment	1.44B	1.66B	1.61B	1.69B	1.97B	2.01B	1.99B	2.12B	2.37B	2.4B
Fixed Asset Turnover	6.38x	6.08x	6.45x	5.13x	4.33x	3.71x	4.14x	4.17x	4.42x	4.34x
Goodwill	1.67B	1.87B	1.4B	1.39B	1.39B	1.4B	1.39B	1.38B	1.38B	1.37B
Intangible Assets	128M	212.5M	42.6M	32.7M	22.3M	14M	8M	7M	7M	7M
Long-Term Investments	22.9M	18.5M	12.9M	12.5M	8.6M	9M	11M	12M	11M	13M
Other Non-Current Assets	91.9M	99.6M	1.03B	75.4M	133.2M	177M	198M	201M	161M	124M
Total Assets+	7.53B	8.23B	8.55B	6.72B	6.77B	8.16B	7.54B	7.72B	8.33B	7.8B
Asset Turnover	1.22x	1.22x	1.21x	1.29x	1.26x	0.91x	1.09x	1.15x	1.26x	1.33x
Asset Growth %	0.01%	0.09%	0.04%	-0.21%	0.01%	0.2%	-0.08%	0.02%	0.08%	-0.06%
Total Current Liabilities+	2.23B	2.6B	2.65B	2.87B	2.41B	3.15B	2.82B	3.64B	4.04B	3.63B
Accounts Payable	1.17B	1.2B	957.3M	978.3M	941M	1.23B	1.13B	1.69B	1.98B	1.8B
Days Payables Outstanding	58.28	69.39	54.11	51.25	49.33	72.22	61.33	82.99	83.43	77.59
Short-Term Debt	39.6M	219.8M	19.7M	620.7M	368.1M	302M	346M	711M	538M	387M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	190.5M	178.7M	766.2M	202.5M	190.2M	185.9M	216M	209M	223M	230M
Current Ratio	1.81x	1.59x	1.58x	1.15x	1.25x	1.36x	1.30x	1.02x	0.98x	0.96x
Quick Ratio	1.49x	1.30x	1.32x	0.88x	0.94x	1.10x	1.03x	0.75x	0.73x	0.71x
Cash Conversion Cycle	48.33	46.48	45.35	57.94	58.85	63.95	56.23	43.23	35.85	32.15
Total Non-Current Liabilities+	1.83B	1.71B	1.73B	1.96B	2.24B	2.59B	2.07B	1.45B	1.73B	1.89B
Long-Term Debt	1.5B	1.32B	1.31B	1.61B	1.73B	2.11B	1.66B	1.05B	1.32B	1.52B
Capital Lease Obligations	0	0	0	0	119.4M	103.3M	94M	119M	135M	118M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	331.6M	386.8M	415.2M	350.3M	393.1M	374M	312M	276M	268M	246M
Total Liabilities	4.06B	4.31B	4.38B	4.82B	4.65B	5.73B	4.89B	5.09B	5.76B	5.52B
Total Debt+	1.54B	1.54B	1.33B	2.23B	2.25B	2.55B	2.14B	1.92B	2.04B	2.07B
Net Debt	205.5M	316.7M	370.9M	1.61B	1.81B	1.37B	1.17B	1.33B	1.54B	1.74B
Debt / Equity	0.44x	0.39x	0.32x	1.18x	1.06x	1.05x	0.81x	0.73x	0.79x	0.91x
Debt / EBITDA	1.47x	1.27x	1.04x	2.06x	2.09x	3.39x	2.00x	1.88x	1.91x	1.51x
Net Debt / EBITDA	0.20x	0.26x	0.29x	1.49x	1.68x	1.82x	1.10x	1.30x	1.44x	1.27x
Interest Coverage	11.18x	13.32x	14.05x	10.38x	10.45x	5.23x	11.25x	10.98x	7.42x	9.06x
Total Equity+	3.47B	3.93B	4.17B	1.9B	2.12B	2.42B	2.65B	2.63B	2.57B	2.28B
Equity Growth %	0.01%	0.13%	0.06%	-0.55%	0.12%	0.14%	0.09%	-0.01%	-0.02%	-0.11%
Book Value per Share	39.23	44.42	47.54	21.73	24.28	27.69	30.19	30.11	30.16	28.31
Total Shareholders' Equity	3.46B	3.68B	4.04B	1.88B	2.11B	2.41B	2.63B	2.61B	2.56B	2.28B
Common Stock	102.8M	102.8M	102.8M	102.8M	102.8M	102.8M	103M	91M	88M	80M
Retained Earnings	3.5B	3.86B	4.08B	2.04B	2.28B	2.47B	2.74B	2.31B	2.29B	2.1B
Treasury Stock	-1.07B	-1.05B	-1.19B	-1.17B	-1.16B	-1.15B	-1.13B	-379M	-368M	-160M
Accumulated OCI	-408.5M	-565.5M	-287.5M	-423.2M	-448.9M	-346.9M	-408M	-522M	-496M	-659M
Minority Interest	12.5M	249.2M	134.3M	13.1M	13.2M	14.2M	15M	13M	13M	10M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	750.5M	868.4M	935.9M	590.6M	640.7M	848.9M	754M	713M	982M	1.06B
Operating CF Margin %	0.08%	0.09%	0.09%	0.07%	0.07%	0.11%	0.09%	0.08%	0.09%	0.1%
Operating CF Growth %	0.05%	0.16%	0.08%	-0.37%	0.08%	0.32%	-0.11%	-0.05%	0.38%	0.08%
Net Income	457.5M	567.1M	586M	377.5M	155.9M	187M	437M	425M	488M	648M
Depreciation & Amortization	319.1M	383M	307.1M	341.8M	350.6M	370.9M	394M	363M	378M	387M
Stock-Based Compensation	0	0	6.1M	9.1M	8M	0	10M	4M	14M	0
Deferred Taxes	-24.1M	-24.8M	-47.2M	3M	-16M	-23.9M	-20M	-40M	-109M	-30M
Other Non-Cash Items	263.7M	308M	84.2M	88.5M	95M	1.3M	-4M	-97M	-23M	1M
Working Capital Changes	-265.7M	-364.9M	-300K	-229.3M	47.2M	313.6M	-63M	58M	234M	53M
Change in Receivables	-173M	-292.3M	-91.3M	161.7M	-35.7M	0	314M	-297M	-213M	114M
Change in Inventory	-92.7M	-72.6M	-21M	-123.9M	15.4M	-34M	-19M	-243M	-22M	28M
Change in Payables	0	0	112.3M	-37.8M	35.7M	671.7M	-314M	596M	426M	0
Cash from Investing+	-591.1M	-726M	-697.3M	-627.7M	-476.1M	-339.6M	-454M	-485M	-569M	-563M
Capital Expenditures	-449.6M	-498.6M	-569.6M	-554.8M	-476.1M	-339.6M	-458M	-585M	-573M	-579M
CapEx % of Revenue	0.05%	0.05%	0.05%	0.06%	0.06%	0.05%	0.06%	0.07%	0.05%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	-7.3M	-3.9M	0	-1M	4M	16M
Cash from Financing+	-318.9M	-200.2M	-566.2M	-245M	-338.1M	160.1M	-469M	-531M	-490M	-680M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-195.7M	-202.8M	-208.7M	-214.3M	-217M	-54.1M	-165M	-224M	-225M	-219M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.1M	-600K	8.1M	-976.5M	-2M	-600K	-1M	-2M	-1M	-3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	300.9M	369.8M	366.3M	35.8M	164.6M	509.3M	296M	128M	409M	480M
FCF Margin %	0.03%	0.04%	0.04%	0%	0.02%	0.07%	0.04%	0.01%	0.04%	0.05%
FCF Growth %	0.16%	0.23%	-0.01%	-0.9%	3.6%	2.09%	-0.42%	-0.57%	2.2%	0.17%
FCF per Share	3.40	4.18	4.18	0.41	1.88	5.82	3.38	1.47	4.80	5.97
FCF Conversion (FCF/Net Income)	1.64x	1.53x	2.19x	3.10x	1.39x	4.54x	1.73x	1.69x	2.01x	1.64x
Interest Paid	0	0	0	66M	72M	73M	60M	64M	80M	104M
Taxes Paid	0	0	0	214M	192M	104M	207M	215M	192M	207M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.22%	15.34%	10.55%	6.28%	22.96%	8.23%	17.16%	16.04%	18.78%	26.66%
Return on Invested Capital (ROIC)	15.19%	15.75%	14.68%	12.78%	14.64%	7.42%	13.29%	12.72%	12.84%	18.08%
Gross Margin	20.11%	16.16%	16.18%	19.72%	18.53%	16.74%	18.36%	15.79%	17.39%	18.55%
Net Margin	4.98%	5.63%	4.11%	2.19%	5.4%	2.51%	5.29%	4.78%	4.66%	6.22%
Debt / Equity	0.44x	0.39x	0.32x	1.18x	1.06x	1.05x	0.81x	0.73x	0.79x	0.91x
Interest Coverage	11.18x	13.32x	14.05x	10.38x	10.45x	5.23x	11.25x	10.98x	7.42x	9.06x
FCF Conversion	1.64x	1.53x	2.19x	3.10x	1.39x	4.54x	1.73x	1.69x	2.01x	1.64x
Revenue Growth	-0.77%	9.86%	3.07%	-16.42%	-1.5%	-12.87%	10.51%	7.44%	18.47%	-0.81%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Airbags Steering Wheels and Other	5.04B	5.26B	5.34B	5.7B	5.68B	4.82B	5.38B	5.81B	7.05B	7.02B
Airbags Steering Wheels and Other Growth	-	4.36%	1.65%	6.67%	-0.39%	-15.01%	11.52%	7.94%	21.49%	-0.45%
Seatbelt Products	2.6B	2.67B	2.79B	2.98B	2.87B	2.62B	2.85B	3.04B	3.42B	3.37B
Seatbelt Products Growth	-	2.54%	4.82%	6.66%	-3.63%	-8.64%	8.65%	6.49%	12.69%	-1.55%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	3.26B	3.38B	3.25B	2.74B	2.91B	2.34B	2.54B	2.97B	3.53B	3.42B
Americas Growth	-	3.54%	-3.93%	-15.78%	6.29%	-19.61%	8.47%	17.04%	18.84%	-2.89%
Europe	2.83B	3.08B	3.29B	2.75B	2.46B	2.07B	2.29B	2.35B	2.88B	2.95B
Europe Growth	-	8.79%	6.97%	-16.47%	-10.35%	-16.09%	10.72%	2.88%	22.17%	2.40%
Asia, excluding China	-	-	-	-	-	-	-	-	1.97B	2.01B
Asia, excluding China Growth	-	-	-	-	-	-	-	-	-	2.13%
CHINA	1.52B	1.77B	1.84B	1.52B	1.53B	1.54B	1.77B	1.88B	2.1B	2.01B
CHINA Growth	-	15.92%	4.12%	-17.23%	0.20%	1.02%	14.62%	6.63%	11.79%	-4.51%
Rest Of Asia	885.7M	901.5M	965.2M	844.8M	841M	769.3M	908M	952M	-	-
Rest Of Asia Growth	-	1.78%	7.07%	-12.47%	-0.45%	-8.53%	18.03%	4.85%	-	-
JAPAN	668M	949.7M	1.04B	827.9M	810.3M	732.9M	733M	686M	-	-
JAPAN Growth	-	42.17%	9.59%	-20.46%	-2.13%	-9.55%	0.01%	-6.41%	-	-

Frequently Asked Questions

Valuation & Price

Autoliv, Inc. (ALV) has a price-to-earnings (P/E) ratio of 16.1x. This is roughly in line with market averages.

Growth & Financials

Autoliv, Inc. (ALV) reported $10.61B in revenue for fiscal year 2024. This represents a 29% increase from $8.23B in 2011.

Autoliv, Inc. (ALV) saw revenue decline by 0.8% over the past year.

Yes, Autoliv, Inc. (ALV) is profitable, generating $752.0M in net income for fiscal year 2024 (6.2% net margin).

Dividend & Returns

Yes, Autoliv, Inc. (ALV) pays a dividend with a yield of 2.10%. This makes it attractive for income-focused investors.

Autoliv, Inc. (ALV) has a return on equity (ROE) of 26.7%. This is excellent, indicating efficient use of shareholder capital.

Autoliv, Inc. (ALV) generated $571.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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