Gentex Corp (NAS:GNTX)
$ 34.24 -0.45 (-1.3%) Market Cap: 7.92 Bil Enterprise Value: 7.75 Bil PE Ratio: 18.12 PB Ratio: 3.33 GF Score: 93/100

Gentex Corp at Gabelli Funds Automotive Symposium Transcript

Oct 31, 2022 / 07:30PM GMT
Release Date Price: $26.49 (+0.80%)
Brian C. Sponheimer
Gabelli Funds, LLC - Research Analyst

Okay. Moving along, we have Gentex Corporation, which is headquartered in Zeeland, Michigan. Very unique company, both from the product that they make and the profitability that they generate, along with their cash flow. They make vision systems, dimmable devices, connectivity and sensing systems for global vehicle markets, predominantly the automotive market.

The company has roughly 300 -- I'm sorry, 235 million shares. Trades at roughly $26, about a $6 billion equity cap, great balance sheet, $240 million in net cash for about a $5.8 billion total enterprise value.

We've got Steve Downing, the company's President and CEO, here today. Once again, I thank you for making the trip. I saw a bunch of Gentex associates here for the SEMA show, I'm sure. So we'll talk a little bit about what they're here for. So Steve and Josh, thank you very much for being here, and we'll get into Q&A.

I'm not sure I gave Gentex enough of a buildup. Maybe, Steve, just take a couple of minutes to really kind of help our colleagues here

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