VCVISTEON CORP

Motor Vehicle Parts & Accessories

Revenue: $3.8B; 2.5% YoY
Operating margin: —
EBITDA: —
Market cap: $1.8B
Employees: 10,500; $359K revenue each
Net debt / EBITDA: —; $343M net debt
AI in 10-K: 0.8; mentions per 10K words

Takeover score 2 of 13

Fixable underperformance 0 of 7

TSR below peersNo
1 of 5 years
3+ of last 5 years
High CEO pay despite TSRNo
$13M median
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
1924883× net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
18% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
1% of assets
Over 40% of assets
Shareholder dissentNo
—
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeNo
$359K · 44th pct
Bottom quartile of its SIC industry
Quiet on AINo
0.8 per 10K words · 29th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedYes
$1.8B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$12M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$2.8B	$3.8B	$4.0B	$3.9B	$3.8B	2.5%
Net income	$50	$130	$587	$306	$213	30%
Operating cash flow	$58M	$167M	$267M	$427M	$410M	4.0%
Stock-based comp	$18M	$26M	$34M	$41M	$45M	9.8%
Buybacks	$0	$0	$107M	$63M	$57M	9.5%
Dividends	—	—	$0	$0	$15M

Deal filings

Filed	Form	Acquirer	Price	Premium
Apr 17, 2015	DEFM14A	Hahn & Co. Auto Holdings Co., Ltd. and Hankook Tire Co., Ltd.	$52000.00	72.2%
Mar 5, 2015	PREM14A	Hahn & Co. Auto Holdings Co., Ltd. and Hankook Tire Co., Ltd.	$52000.00	0%

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $12M · 19
Net: −$12M

Pay vs performance

Year	CEO total comp	Comp actually paid	TSR (indexed)	Peer TSR
FY2025	$17M	$16M	77	74
FY2024	$14M	$5M	71	65
FY2023	$13M	$9M	100	86
FY2022	$11M	$18M	104	87
FY2021	$9M	$4M	89	120