Lear Corp (NYSE:LEA)

$ 131.07 1.82 (1.41%) Market Cap: 7.44 Bil Enterprise Value: 9.28 Bil PE Ratio: 14.29 PB Ratio: 1.52 GF Score: 86/100

Lear Corp at Wolfe Research Global Auto, Auto Tech, and Mobility Conference Transcript

Feb 25, 2020 / 03:20PM GMT

Release Date Price: $111.27 (-1.58%)

Transcript

Rod Avraham Lache

Wolfe Research, LLC - MD & Senior Analyst

Okay. We're going to kick off our next presentation today, and our next fireside chat is with management of Lear.

Lear's business is essentially 2 divisions. 76% of the company's sales comes from vehicle seating and 24% comes from E-Systems. The company's Seating franchise is irrefutably strong. We've seen relatively good profitability, and the business appears to be delivering very strong free cash flow, despite a tremendous amount of volatility that's been existing in the auto industry.

Next, you have the E-Systems business, which includes a variety of components that make up the data and electrical network for a car. That consists of wire harnesses, terminals and connectors, electronics and software. And this should be a particularly interesting space over the next few years given the advancement of sensors and connectivity and upgradability that we now see coming into vehicles.

All of -- in all these chats, I've been putting up on the screen a little bit about what we believe investors hope to hear. And

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