PHINPHINIA INC.
Motor Vehicle Parts & Accessories
- Revenue
- $3.5B
- 2.4% YoY
- Operating margin
- 7.3%
- 4.2% YoY
- EBITDA
- $411M
- 1.9% YoY
- Market cap
- $2.4B
- Employees
- —
- Net debt / EBITDA
- 1.3×
- $534M net debt
- AI in 10-K
- 1.3
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo1 of 3 years3+ of last 5 years
- High CEO pay despite TSRNo$10M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo240% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo21% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo13% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.3 per 10K words · 40th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.3× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$2.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$4M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.2B | $3.3B | $3.5B | $3.4B | $3.5B | 2.4% |
| Operating income | $174M | $318M | $241M | $259M | $254M | 1.9% |
| Net income | $152M | $262M | $102M | $79M | $130M | 65% |
| Operating cash flow | $147M | $303M | $250M | $308M | $312M | 1.3% |
| Capex | $146M | $107M | $150M | $105M | $124M | 18% |
| Stock-based comp | $11M | $11M | $10M | $14M | $18M | 29% |
| Buybacks | — | $0 | $24M | — | — | |
| Dividends | — | — | $23M | $44M | $42M | 4.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 13
- Net
- −$4M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $11M | $20M | 182 | 121 |
| FY2024 | $10M | $20M | 137 | 96 |
| FY2023 | $8M | $9M | 84 | 98 |