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Gentex Corporation (GNTX)



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Upturn Advisory Summary
08/14/2025: GNTX (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $30
1 Year Target Price $30
4 | Strong Buy |
0 | Buy |
7 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 27.14% | Avg. Invested days 36 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.00B USD | Price to earnings Ratio 15.44 | 1Y Target Price 30 |
Price to earnings Ratio 15.44 | 1Y Target Price 30 | ||
Volume (30-day avg) 11 | Beta 0.82 | 52 Weeks Range 20.17 - 31.14 | Updated Date 08/15/2025 |
52 Weeks Range 20.17 - 31.14 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 1.73% | Basic EPS (TTM) 1.77 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-25 | When Before Market | Estimate 0.39 | Actual 0.47 |
Profitability
Profit Margin 16.82% | Operating Margin (TTM) 19.05% |
Management Effectiveness
Return on Assets (TTM) 10.48% | Return on Equity (TTM) 16.58% |
Valuation
Trailing PE 15.44 | Forward PE 16.53 | Enterprise Value 5940514650 | Price to Sales(TTM) 2.52 |
Enterprise Value 5940514650 | Price to Sales(TTM) 2.52 | ||
Enterprise Value to Revenue 2.49 | Enterprise Value to EBITDA 10.51 | Shares Outstanding 219488992 | Shares Floating 218639934 |
Shares Outstanding 219488992 | Shares Floating 218639934 | ||
Percent Insiders 0.29 | Percent Institutions 102.05 |
Upturn AI SWOT
Gentex Corporation

Company Overview
History and Background
Gentex Corporation was founded in 1974 and is headquartered in Zeeland, Michigan. It started as a maker of fire protection products and later transitioned to electro-optical products, primarily automatic-dimming rearview mirrors for automobiles.
Core Business Areas
- Automotive Products: Designs, develops, manufactures, and markets interior and exterior automatic-dimming rearview mirrors and electronics for the automotive industry, including integrated displays, camera-based driver assistance systems, and connected car solutions.
- Fire Protection Products: Designs, develops, manufactures, and markets residential smoke alarms and signaling devices, as well as commercial fire protection products.
- Connected Home: Provides integrated displays and other electronics for smart home applications.
Leadership and Structure
Gentex is led by Steven Downing (President & CEO). The organizational structure is functional, with departments focusing on engineering, manufacturing, sales, and finance.
Top Products and Market Share
Key Offerings
- Automatic-Dimming Rearview Mirrors: Gentex is the leading supplier of automatic-dimming rearview mirrors to the global automotive industry. Market share is estimated to be over 90% globally. Competitors include Magna International, Murakami Corporation, and Ficosa International. Automotive products generated $1.83 billion of revenue in 2023.
- Home Smoke Alarms: Gentex manufactures smoke detectors and signaling products for residential applications. This represents a smaller but still significant segment. Market share is not as dominant as automotive. Competitors include BRK Brands, Kidde, and Universal Security Instruments.
- Driver Assistance Systems: Gentex provides camera-based systems that enhance driver safety and convenience. Rapid growth due to more features being enabled in vehicles. Competitors Mobileye, Bosch, and Continental.
Market Dynamics
Industry Overview
The automotive electronics industry is experiencing growth driven by increasing demand for safety features, connectivity, and autonomous driving capabilities. The fire protection industry is relatively stable, driven by building codes and safety regulations.
Positioning
Gentex is a dominant player in automatic-dimming rearview mirrors, leveraging its technology, manufacturing capabilities, and relationships with automotive OEMs. They are expanding into adjacent markets like driver assistance systems and connected home devices.
Total Addressable Market (TAM)
The TAM for automotive electronics is estimated to be in the hundreds of billions of dollars. The fire protection market is smaller, estimated in the billions. Gentex is well-positioned to capture a portion of the growing automotive electronics market.
Upturn SWOT Analysis
Strengths
- Dominant market share in automatic-dimming rearview mirrors
- Strong relationships with automotive OEMs
- Proprietary technology and innovation capabilities
- Efficient manufacturing operations
- Strong brand reputation
Weaknesses
- High dependence on the automotive industry
- Potential for disruption from new technologies (e.g., camera-based rearview systems)
- Limited diversification beyond core products
Opportunities
- Expanding into new automotive electronics markets (e.g., driver assistance systems, connected car solutions)
- Leveraging technology for adjacent markets (e.g., connected home)
- Growth in emerging markets
- Acquisitions of complementary businesses
Threats
- Economic downturns impacting automotive sales
- Increased competition from other automotive electronics suppliers
- Technological obsolescence
- Raw material price fluctuations
- Supply Chain Disruptions
Competitors and Market Share
Key Competitors
- MGA
- TSLA
- BOSCH.UL
Competitive Landscape
Gentex holds a significant advantage over its competitors in automatic-dimming rearview mirrors due to its technology, scale, and relationships with automotive OEMs. Tesla is a competitor since it manufactures their own mirrors but their market is limited to their own vehicles. Other competitors are smaller and focus on specific regions or product segments.
Growth Trajectory and Initiatives
Historical Growth: Gentex has experienced steady growth over the past decade, driven by its dominant market share in automatic-dimming rearview mirrors and expansion into new product categories.
Future Projections: Analysts project continued growth for Gentex, driven by increasing demand for automotive electronics and the company's expansion into new markets. Revenue growth is expected to be in the mid-single digits.
Recent Initiatives: Recent initiatives include investments in driver assistance systems, connected car solutions, and capacity expansions.
Summary
Gentex is a dominant player in the automatic-dimming rearview mirror market with strong financials and a solid growth trajectory. The company is leveraging its expertise to expand into new automotive electronics markets. However, Gentex needs to diversify its revenue streams to mitigate its dependence on the automotive industry and competition from other firms.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Industry Reports
- Analyst Estimates
- Company Website
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data and share estimates are subject to change and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Gentex Corporation
Exchange NASDAQ | Headquaters Zeeland, MI, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Director Mr. Steven R. Downing | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 6184 | Website https://www.gentex.com |
Full time employees 6184 | Website https://www.gentex.com |
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, China, Germany, Japan, Mexico, the Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers; and HomeLink modules for the automotive industry. It also provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, visual signaling alarms, photoelectric smoke alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling appliances, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential buildings. It sells its fire protection products directly, as well as through sales managers and manufacturer representative organizations to fire protection and security product distributors, electrical wholesale houses, and original equipment manufacturers of fire protection systems. Further, the company is involved in the research and development of nanofiber chemical sensing products; and market and sale of eSight smart glasses to consumers with visual impairment or eye conditions, as well as of identity authentication and access control products that utilizes biometrics technology. Gentex Corporation was incorporated in 1974 and is headquartered in Zeeland, Michigan.

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