E Daily Stock Analysis: Gentex

Gentex Corp has the ticker symbol GNTX and is a member of the Consumer Cyclical sector as an auto parts company. It has average value and strong fundamental scores on its track record but is now 19.71% over-priced based on its historic valuation of $30.49. This is my first ever report on GNTX for this Vista dog of the week portfolio. However, GNTX was my third overall selection for my Volio Portfolio (my fifth).

Gentex Corp has found favor with investors lately. Its stock price climb in the past year had admirable momentum.

Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. Automotive revenue is about 98% of total revenue, and the company is constantly developing new applications for the technology to remain on top. Sales from 2020 totaled about $1.7 billion with 38.2 million mirrors shipped. The company is based in Zeeland, Michigan.

Three key data points gauge dividend equities or funds like Gentex Corp:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

GNTX Price

Gentex's price per share closed at $36.50 yesterday. A year ago its price was $23.23. Price per share has more than recovered from the Covid recession, being about 57% above last year's mark. 

If Gentex Corp stock trades in the range of $20 to $50 this year, its recent $36.50 price might rise by $3.50 to reach $40.00 by March 10, 2022. My estimate is above the median of the ten broker analysts following the stock.

GNTX Dividends

Gentex Corp most recently declared quarterly dividend was $0.12 payable April 21st. Dividends are estimated to total $0.48 per share annually and yield 1.32% at yesterday's $36.50 closing price. It has paid annually increasing dividends for ten years.

GNTX Returns

Adding the $0.48 annual GNTX anticipated dividend to my $3.50 price upside shows a $3.98 potential gross gain, per share, to be reduced by any costs to trade the shares.  

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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