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Gentex Corporation (GNTX)


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Upturn Advisory Summary
10/17/2025: GNTX (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $31
1 Year Target Price $31
4 | Strong Buy |
0 | Buy |
7 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 22.7% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.71B USD | Price to earnings Ratio 14.69 | 1Y Target Price 31 |
Price to earnings Ratio 14.69 | 1Y Target Price 31 | ||
Volume (30-day avg) 11 | Beta 0.84 | 52 Weeks Range 20.08 - 30.86 | Updated Date 10/17/2025 |
52 Weeks Range 20.08 - 30.86 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 1.83% | 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 2025-10-24 | When Before Market | Estimate 0.47 | Actual - |
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 14.69 | Forward PE 13.64 | Enterprise Value 5973438053 | Price to Sales(TTM) 2.39 |
Enterprise Value 5973438053 | Price to Sales(TTM) 2.39 | ||
Enterprise Value to Revenue 2.5 | Enterprise Value to EBITDA 10.57 | Shares Outstanding 219489358 | Shares Floating 218639934 |
Shares Outstanding 219489358 | Shares Floating 218639934 | ||
Percent Insiders 0.29 | Percent Institutions 101.72 |
Upturn AI SWOT
Gentex Corporation

Company Overview
History and Background
Gentex Corporation was founded in 1974. Initially focused on fire protection products, it evolved into a leading supplier of automatic-dimming mirrors and connected car technologies. The company's innovation in electrochromic technology has driven its growth and market position.
Core Business Areas
- Automotive Products: Designs, develops, manufactures, and markets interior and exterior automatic-dimming rearview mirrors and electronics for the automotive industry. These products enhance driver safety by reducing glare.
- Fire Protection Products: Develops and manufactures fire protection products, primarily smoke and carbon monoxide detectors and signaling devices.
- Connected Car Solutions: Develops and offers various connected car solutions, including integrated toll modules (ITM), HomeLink, and display features.
Leadership and Structure
Steven R. Downing serves as the Chairman of the Board and CEO. The company has a traditional hierarchical structure with functional departments for engineering, manufacturing, sales, and finance.
Top Products and Market Share
Key Offerings
- Automatic-Dimming Rearview Mirrors: These mirrors automatically dim to reduce glare from headlights, improving driver visibility. Gentex is estimated to hold a significant market share (approximately 90%) in this segment. Competitors are Magna International (MGA) and Murakami Corporation.
- HomeLink: A programmable wireless control system that allows drivers to operate garage doors, gates, and other home automation devices. Estimated revenue is substantial but not public, competition includes other integrated home automation solutions.
- Integrated Toll Module (ITM): A solution for automated toll collection. ITM competes with traditional toll transponders; adoption rates continue to rise.
Market Dynamics
Industry Overview
The automotive electronics industry is experiencing growth driven by increasing demand for safety, comfort, and connectivity features. Fire protection is a mature market but subject to regulatory and safety standards that drive consistent demand.
Positioning
Gentex holds a leading position in the automatic-dimming mirror market due to its patented electrochromic technology and strong relationships with automotive manufacturers. The company's competitive advantage lies in its innovation, quality, and established market presence.
Total Addressable Market (TAM)
The TAM for automotive mirrors, safety systems, and connected car features is estimated to be in the billions of dollars globally. Gentex is positioned to capture a significant portion of this TAM with its innovative products and established market presence.
Upturn SWOT Analysis
Strengths
- Dominant market share in automatic-dimming mirrors
- Strong relationships with automotive manufacturers
- Patented electrochromic technology
- Diversified product portfolio
- Solid financial performance
Weaknesses
- High dependence on the automotive industry cycle
- Exposure to raw material price fluctuations
- Limited presence in emerging markets compared to competitors
Opportunities
- Expansion into emerging markets
- Development of new connected car technologies
- Increased adoption of advanced driver-assistance systems (ADAS)
- Growth in demand for fire protection products
Threats
- Increased competition from other automotive suppliers
- Economic downturns affecting automotive sales
- Disruptive technologies
- Changes in automotive industry regulations
Competitors and Market Share
Key Competitors
- MGA
- MLKAF
Competitive Landscape
Gentex benefits from its established market leadership and technological advantages. However, competitors are investing in similar technologies and seeking to gain market share.
Major Acquisitions
HomeLink Business from Johnson Controls
- Year: 2013
- Acquisition Price (USD millions): 700
- Strategic Rationale: Expanded Gentex's connected car capabilities and strengthened its product portfolio.
Growth Trajectory and Initiatives
Historical Growth: Gentex has experienced steady growth driven by its market leadership in automatic-dimming mirrors and expansion into new product areas.
Future Projections: Analysts project continued growth for Gentex, driven by increasing demand for automotive safety and connected car features. Revenue growth is estimated to be in the mid-single digits.
Recent Initiatives: Recent initiatives include the development of new connected car technologies and strategic investments in research and development.
Summary
Gentex is a strong company with a dominant position in the automatic-dimming mirror market. Its financial performance is solid, and it has a history of innovation. However, it needs to diversify its product portfolio and reduce its dependence on the automotive industry cycle.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Market Research Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.
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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