Autoliv Is a Safe Bet: Fool by Numbers
By
Anders Bylund
January 31, 2008
|
On Jan. 31, Motley Fool Global Gains recommendation and automotive safety expert Autoliv (NYSE: ALV) released earnings for the 2007 fiscal year, a period ended Dec. 31.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
FY 2007
|
FY 2006
|
Change
|
|
Sales
|
$6,769
|
$6,188
|
9.4%
|
|
Net Profit
|
$288
|
$402
|
(28.4%)
|
|
EPS
|
$3.68
|
$4.88
|
(24.6%)
|
|
Diluted Shares
|
78.3
|
82.5
|
(5.1%)
|
Get back to basics with the income statement.
Margin Checkup
|
FY 2007
|
FY 2006
|
Change*
|
|
Gross Margin
|
19.7%
|
20.5%
|
(0.8)
|
|
Operating Margin
|
7.4%
|
8.4%
|
(1.0)
|
|
Net Margin
|
4.3%
|
6.5%
|
(2.2)
|
*Expressed in percentage points.
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets
|
FY 2007
|
FY 2006
|
Change
|
|
Cash + Short-Term Investments
|
$154
|
$168
|
(8.5%)
|
|
Accounts Receivable
|
$1,231
|
$1,207
|
2.0%
|
|
Inventory
|
$561
|
$545
|
2.9%
|
|
Liabilities
|
FY 2007
|
FY 2006
|
Change
|
|
Accounts Payable
|
$834
|
$763
|
9.4%
|
|
Long-Term Debt
|
$1,040
|
$888
|
17.2%
|
The balance sheet reflects the company's health.
Cash Flow Highlights
|
FY 2007
|
FY 2006
|
Change
|
|
Cash From Operations
|
$781
|
$560
|
39.5%
|
|
Capital Expenditures
|
$314
|
$295
|
6.5%
|
|
Free Cash Flow
|
$467
|
$265
|
76.1%
|
|
Owner Earnings
|
$295
|
$410
|
(28.2%)
|
Free cash flow is a Fool's best friend.
Competitive Context
|
Market Cap
|
Trailing P/E Ratio
|
CAPS Rating
|
|
Toyota
Motor (NYSE: TM)
|
$170,600
|
10.1
|
****
|
|
Autoliv
|
$3,820
|
13.5
|
*****
|
|
WABCO Holdings (NYSE: WBC)
|
$2,730
|
28.4
|
*****
|
|
TRW Automotive Holdings (NYSE: TRW)
|
$2,240
|
34.1
|
**
|
|
Applied Industrial Technologies (NYSE: AIT)
|
$1,270
|
13.9
|
*****
|
Using the latest reported numbers from Capital IQ, a division of Standard & Poor's. Keep your partners close and the competition in your vest pocket.
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