TakeoverPE & activists

APTVAptiv PLC

Motor Vehicle Parts & Accessories · $9.2B market cap · 140,000 employees

0.4×

Less likely than average to be taken private

Top 41% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

1of 15 firedHow well they predict deals →
14 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    13× 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
    22% of assets
    Over 40% of assets
  • Shareholder dissentNo
    89% lowest support
    Any vote under 80% support
  • Quiet on AINo
    1.7 per 10K words · 50th pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    2.1× EBITDA net debt
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $9.2B market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    5 of 10
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    0 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months
  • Net insider sellingNo
    $5M net
    Net sales over $10M in 12 months

Deal filings

FiledFormAcquirerPricePremium
Nov 6, 2024DEFM14A—$0.00—

Key numbers

Revenue
$20.4BFY2021: $15.6BFY2022: $17.5BFY2023: $20.1BFY2024: $19.7BFY2025: $20.4B
3.5% YoY
Operating margin
5.8%FY2021: 7.6%FY2022: 7.2%FY2023: 7.8%FY2024: 9.3%FY2025: 5.8%
38% YoY
EBITDA
$2.2BFY2021: $2.0BFY2022: $2.0BFY2023: $2.5BFY2024: $2.8BFY2025: $2.2B
22% YoY
Net debt / EBITDA
2.1×
$4.6B net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$15.6B$17.5B$20.1B$19.7B$20.4B 3.5% FY2021: $15.6BFY2022: $17.5BFY2023: $20.1BFY2024: $19.7BFY2025: $20.4B
Operating income$1.2B$1.3B$1.6B$1.8B$1.2B 36% FY2021: $1.2BFY2022: $1.3BFY2023: $1.6BFY2024: $1.8BFY2025: $1.2B
Net income$590M$594M$2.9B$1.8B$165M 91% FY2021: $590MFY2022: $594MFY2023: $2.9BFY2024: $1.8BFY2025: $165M
Operating cash flow$1.2B$1.3B$1.9B$2.4B$2.2B 11% FY2021: $1.2BFY2022: $1.3BFY2023: $1.9BFY2024: $2.4BFY2025: $2.2B
Capex$611M$844M$906M$830M$656M 21% FY2021: $611MFY2022: $844MFY2023: $906MFY2024: $830MFY2025: $656M
Stock-based comp$87M$86M$115M$120M$139M 16% FY2021: $87MFY2022: $86MFY2023: $115MFY2024: $120MFY2025: $139M
Buybacks$0$0$398M$4.1B$397M 90% FY2021: $0FY2022: $0FY2023: $398MFY2024: $4.1BFY2025: $397M
Dividends$0$0———FY2021: $0FY2022: $0

13D filers

None on file.

Insider trading

+$5Mnet buying by insiders, open market, last 12 months
Bought $9M · 8 tradesSold $4M · 7 trades

Pay vs performance

No pay-versus-performance disclosure yet.