Last $106.89 USD
Change Today +0.70 / 0.66%
Volume 662.8K
ALV On Other Exchanges
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

autoliv inc (ALV) Snapshot

Open
$106.31
Previous Close
$106.19
Day High
$107.26
Day Low
$106.22
52 Week High
06/6/14 - $108.15
52 Week Low
01/27/14 - $85.35
Market Cap
9.7B
Average Volume 10 Days
429.0K
EPS TTM
$5.77
Shares Outstanding
90.5M
EX-Date
02/17/15
P/E TM
18.5x
Dividend
$2.16
Dividend Yield
1.98%
Current Stock Chart for AUTOLIV INC (ALV)

autoliv inc (ALV) Details

Autoliv, Inc., through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates in two segments, Passive Safety and Active Safety segments. It offers a range of products, including modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, safety electronics, whiplash protection systems, and child seats, as well as night vision and camera vision systems, pedestrian protection systems, brake controllers, and radar and other active safety systems. The company primarily serves car manufacturers. Autoliv, Inc. was founded in 1953 and is headquartered in Stockholm, Sweden.

49,579 Employees
Last Reported Date: 10/23/14
Founded in 1953

autoliv inc (ALV) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $1.4M
Chief Financial Officer and Group Vice Presid...
Total Annual Compensation: $555.5K
President of Passive Safety
Total Annual Compensation: $522.1K
Group Vice President of Sales & Engineering
Total Annual Compensation: $480.0K
Compensation as of Fiscal Year 2013.

autoliv inc (ALV) Key Developments

Autoliv, Inc. Declares Dividend for the First Quarter of 2015, Payable on March 5, 2015

The Board of Directors of Autoliv, Inc. declared a quarterly dividend of 54 cents per share for the first quarter 2015. The dividend will be payable on March 5, 2015 to Autoliv shareholders of record on the close of business on February 19. The ex-date when the shares will trade without the right to the dividend will be February 17 for holders of the common stock listed on the New York Stock Exchange and February 18 for holder of the Swedish Depository Receipts listed on the NASDAQ OMX.

Autoliv, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Autoliv, Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $2,208 million against $2,119.0 million a year ago. Operating income was $174.8 million against $182.3 million a year ago. Diluted earnings per share were $1.16 against $1.29 a year ago. Diluted adjusted earnings per share were $1.25 against $1.31 a year ago. Operating cash flow was $212.4 million against $206.1 million a year ago. Adjusted operating income was $186.9 million against $185.6 million a year ago. Income before taxes was $156.5 million against $176.6 million a year ago. Net income was $106.7 million against $124.9 million a year ago. Return on total equity was 11.2% against 12.6% a year ago. Capital expenditures, net were $118.1 million against $93.2 million a year ago. Non GAAP operating income was $186.9 million against $185.6 million a year ago. Non GAAP income before taxes was $168.6 million against $179.9 million a year ago. Non GAAP net income was $114.9 million against $127.1 million a year ago. Operating income decreased by $8 million, or 7.9% of sales, mainly due to $16 million higher Research, Development and Engineering (R, D&E) net, which was mainly coming from active safety. Income before taxes decreased by $20 million due to lower operating income and higher interest expense. EPS assuming dilution was negatively affected by higher interest expense by 8 cents from the recent financing, capacity alignment and legal costs by 7 cents and higher tax rate by 4 cents. For the nine months, the company reported net sales of $6,886.8 million against $6,451.5 million a year ago. Operating income was $505.9 million against $558.7 million a year ago. Adjusted operating income was $605.2 million against $572.1 million a year ago. Income before taxes was $463.7 million against $539.4 million a year ago. Net income was $321.0 million against $389.4 million a year ago. Diluted earnings per share were $3.43 against $4.02 a year ago. Diluted adjusted earnings per share were $4.13 against $4.12 a year ago. Income before taxes decreased by $76 million was mainly due to higher interest expense from the recent financing. Net debt was $86 million against $508 million a year ago. Return on total equity was 11.0% against 13.4% a year ago. Net cash provided by operating activities $483.4 million against $538.7 million a year ago. Capital expenditures, net were $325.5 million against $267.4 million a year ago. Non GAAP operating income was $605.2 million against $572.1 million a year ago. Non GAAP income before taxes was $563.0 million against $552.8 million a year ago. Non GAAP net income was $386.3 million against $398.6 million a year ago. For the fourth quarter of 2014, the company expects organic sales to increase by around 2%, and an adjusted operating margin of around 9.5%. The expectation for the full year is now for organic sales growth of around 5.5%, and an adjusted operating margin of around 9%. Consolidated sales are expected to grow by around 4.5% as effects from currency translations are expected to be negative by about 1%. The projected effective tax rate for the full year 2014 is currently expected to be around 30%, excluding any discrete items, and is subject to change due to any other discrete or nonrecurring events that may occur. Operational cash flow is expected to remain strong and to be at least $0.7 billion excluding any discrete items. Capital expenditures in support of the growth strategy are expected to be at the high end of the previously communicated range of 4.5% to 5.0% of sales.

Autoliv Seeks Acquisitions

Autoliv, Inc. (NYSE:ALV) seeks acquisitions. "Our target has been and still is to do acquisitions and to look for acquisition, in particular in the area of active safety. So we are, and the difficulty we have experienced is that there are few assets for sale to reasonable priced that we have seen so far. We have not been able to conclude any of discussions we might have had into any acquisition. And we are then using the tools we have traditionally used to return money to shareholders which has been buyback and also dividend. Well, when we set out the target of one with the range of 0.5 to 1.5, we said that with our ambition to continue to do acquisitions and to continue to grow the Company and to leave room enough for doing acquisitions given that capital structure. So even though we would reach a leverage ratio of 1, we would continue to seek for acquisition when it makes sense to our strategy and it's particular in the area of active safety. When it comes to margins, as we said, we have a long-term margin target over the cycle of 8% to 9% and now we are guiding for 9%, approximately 9% this year. We will continue to invest and so we have done this year, we will continue to invest in next year too in active safety. We believe long term this a growth area for us and we have also been seeking acquisitions in this area to use our strong balance sheet to grow this business," said Jan Carlson, Autoliv Incorporated - Chairman, Chief Executive Officer, President.

 

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Industry Analysis

ALV

Industry Average

Valuation ALV Industry Range
Price/Earnings 23.9x
Price/Sales 1.1x
Price/Book 2.6x
Price/Cash Flow 22.2x
TEV/Sales 0.7x
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