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Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, keyseat components, seat trim covers, seat mechanisms, thermal comfort systems such as seat heating, ventilation, active cooling, pneumatic lumbar and massage products, seat cushioning, and headrests, as well as surface materials, such as leather and fabric for light trucks, compact cars, pick-up trucks, and sport utility vehicles. The company’s E-Systems segment provides electrical distribution and connection systems that route electrical signals and networks; and manage electrical power within the vehicle for various powertrains. This segment’s products comprise wire harnesses, terminals and connectors, engineered components, and junction boxes; electronic system products, including body domain control modules, and high voltage switching and power control systems. It also offers software and connected services. In addition, this segment provides cybersecurity software. It offers its products and services under the GUILFORD, EAGLE OTTAWA, THAGORA, IGB AUTOMOTIVE, COMFORTFLEX BY LEARTM, LEAR, CONFIGURE+, FLEXAIR , INTU, RENEWKNIT, SOYFOAM, ProTec, and TeXstyle brands. The company was founded in 1917 and is headquartered in Southfield, Michigan.
Navigating Uncertainty | Lear Corporation faces challenges in the evolving automotive landscape, balancing financial performance with strategic initiatives amid industry-wide shifts |
Financial Crossroads | Explore Lear's mixed financial results, with recent earnings beats contrasting against downward revisions and a conservative 2024 guidance |
Strategic Adaptation | Delve into Lear's initiatives targeting EV market growth, operational efficiency, and expansion in key markets like China to secure future success |
Market Dynamics | Analyst price targets range from $103 to $150, reflecting diverse views on Lear's ability to overcome margin pressures and capitalize on EV opportunities |
Metrics to compare | LEA | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipLEAPeersSector | |
|---|---|---|---|---|
P/E Ratio | 15.6x | 16.0x | 11.2x | |
PEG Ratio | −1.71 | −0.55 | 0.02 | |
Price/Book | 1.4x | 1.2x | 1.4x | |
Price / LTM Sales | 0.3x | 0.7x | 1.0x | |
Upside (Analyst Target) | 5.8% | 27.3% | 21.4% | |
Fair Value Upside | Unlock | 32.0% | 9.0% | Unlock |