Autoliv

Automotive Manufacturing & Industrial auto parts safety

Together with its joint ventures, Autoliv has more than 80 facilities with more than 60,000 employees in 28 countries. Autoliv develop, manufacture and market airbags, seatbelts, steering wheels, passive safety electronics and active safety systems such as radar, night vision and camera vision systems. We also produce anti-whiplash systems, pedestrian protection systems and child seats. The company's leading market position in automotive safety includes a global market share of approximately 37% in passive safety and 20-25% in active safety.

Type

Public

Norrmalm, SE

Founded

1953

Size (employees)

68,000 (est)+25%

Website

autoliv.com

Autoliv was founded in 1953 and is headquartered in Norrmalm, SE

Key People at Autoliv

Jan Carlson

Chairman, President & CEO

Autoliv Office Locations

Autoliv has an office in Norrmalm

Norrmalm, SE (HQ)

70 Klarabergsviadukten

Autoliv Data and Metrics

Autoliv Financial Metrics

Autoliv's revenue was reported to be $2.6 b in Q1, 2017

Summary

USD

Autoliv's current market capitalization is $9.4 b.

Source: Company Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	8.8 b	9.2 b	9.2 b	10.1 b
Revenue growth, %		5%	(1%)	10%
Cost of goods sold	7.1 b	7.4 b	7.3 b	8 b
Gross profit	1.7 b	1.8 b	1.8 b	2.1 b
Gross profit Margin, %	19%	20%	20%	20%
Sales and marketing expense	389.9 m	414.9 m	411.5 m	476.1 m
R&D expense	489.3 m	535.6 m	523.8 m	651 m
General and administrative expense				(476.1 m)
Operating expense total	922.8 m	1.1 b	1.1 b	1.2 b
Depreciation and amortization	286 m	305.4 m	319.1 m	383 m
EBIT	761.4 m	722.6 m	727.8 m	847.7 m
EBIT margin, %	9%	8%	8%	8%
Interest expense	32.9 m	63.4 m	65.1 m	62.4 m
Interest income	3.9 m	4.8 m	2.7 m	4.5 m
Pre tax profit	734 m	667 m	675.7 m	803.8 m
Income tax expense	244.1 m	198 m	218.2 m	242.2 m
Net Income	489.9 m	469 m	457.5 m	561.6 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	2.4 b	2.2 b	2.2 b	2.3 b	2.2 b	2.4 b	2.6 b	2.5 b	2.6 b
Cost of goods sold	(1.9 b)	(1.8 b)	(1.8 b)	(1.8 b)	(1.7 b)	(1.9 b)	(2.1 b)	(2 b)	(2.1 b)
Gross profit	4.3 b	4 b	3.9 b	4.1 b	3.9 b	4.4 b	4.6 b	4.4 b	4.7 b
Gross profit Margin, %	181%	181%	181%	180%	180%	179%	180%	180%	179%
General and administrative expense			(100.6 m)	(101.2 m)	(101.3 m)	(113.1 m)	(120.3 m)	(116.5 m)	(120.3 m)
Operating expense total			(100.6 m)	(101.2 m)	(101.3 m)	(113.1 m)	(120.3 m)	(116.5 m)	(120.3 m)
EBIT	139.4 m	174.8 m	80 m	208.7 m	157.8 m	205.2 m	212.7 m	191.1 m	217.6 m
EBIT margin, %	6%	8%	4%	9%	7%	8%	8%	8%	8%
Interest expense	(17.8 m)	(19.4 m)	(17.1 m)	(16.9 m)	(15.6 m)	(15.5 m)	(15.6 m)	(15.6 m)	(16.2 m)
Interest income	1.3 m	1.6 m	400 k	600 k	800 k	1.2 m	900 k	1 m	2 m
Pre tax profit	122.9 m	156.5 m	64.5 m	194.5 m	151.8 m	190.3 m	200.4 m	185.1 m	194.4 m
Income tax expense	(39.7 m)	(49.8 m)	(28.8 m)	(57.7 m)	(52.7 m)	(56.8 m)	(52 m)	(49.6 m)	(52.3 m)
Net Income	83.2 m	106.7 m	35.7 m	136.8 m	99.1 m	133.5 m	148.4 m	135.5 m	142.1 m

Source: Company Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	1.1 b	1.5 b	1.3 b	1.2 b
Inventories				773.4 m
Current Assets	3.7 b	4.1 b	4 b	4.1 b
PP&E	1.3 b	1.4 b	1.4 b	1.7 b
Goodwill	1.6 b	1.6 b	1.7 b	1.9 b
Total Assets	7 b	7.4 b	7.5 b	8.2 b
Accounts Payable	1.2 b	1.1 b	1.2 b	1.2 b
Total Debt	279.1 m	1.5 b	1.5 b	1.3 b
Current Liabilities	2.4 b	2.1 b	2.2 b	2.6 b
Non-Current Liabilities	554.1 m	1.9 b	1.8 b	1.7 b
Total Liabilities	3 b	4 b	4.1 b	4.3 b
Common Stock	102.8 m	102.8 m	102.8 m	102.8 m
Additional Paid-in Capital	1.3 b	1.3 b	1.3 b	1.3 b
Retained Earnings	3 b	3.2 b	3.5 b	3.9 b
Total Equity	4 b	3.4 b	3.5 b	3.9 b
Debt to Equity Ratio	0.1 x	0.4 x	0.4 x	0.3 x
Debt to Assets Ratio	0 x	0.2 x	0.2 x	0.2 x
Financial Leverage	1.7 x	2.2 x	2.2 x	2.1 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	2.1 b	1.8 b	1.4 b	1.3 b	1.2 b	1.2 b	1.1 b	1.2 b	1.2 b
Inventories	683.2 m	686.5 m	652.7 m	684.1 m	692.8 m	766.7 m	750.4 m	799.2 m	758.6 m
Current Assets	4.9 b	4.5 b	4 b	4 b	3.8 b	4.1 b	4.1 b	4.1 b	4.3 b
PP&E			1.4 b	1.4 b	1.4 b	1.6 b	1.6 b	1.7 b	1.7 b
Goodwill	1.6 b	1.6 b	1.6 b	1.6 b	1.7 b	1.8 b	1.9 b	1.9 b	1.9 b
Total Assets	8.2 b	7.8 b	7.3 b	7.4 b	7.3 b	8.1 b	8.2 b	8.3 b	8.5 b
Accounts Payable	1.2 b	1.1 b	1.1 b	1.1 b	1 b	1.2 b	1.3 b	1.2 b	1.2 b
Current Liabilities	2.4 b	2.3 b	2.3 b	2.2 b	2.1 b	2.4 b	2.5 b	2.4 b	2.7 b
Non-Current Liabilities	1.8 b	1.8 b	1.8 b	1.8 b	1.9 b	1.9 b	1.8 b	1.8 b	1.7 b
Common Stock	102.8 m	102.8 m	102.8 m	102.8 m	102.8 m	102.8 m	102.8 m	102.8 m	102.8 m
Additional Paid-in Capital	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b
Retained Earnings	3.1 b	3.1 b	3.2 b	3.3 b	3.4 b	3.6 b	3.7 b	3.8 b	4 b
Total Equity	3.9 b	3.7 b	3.2 b	3.3 b	3.3 b	3.9 b	4 b	4 b	4.1 b
Financial Leverage	2.1 x	2.1 x	2.3 x	2.2 x	2.2 x	2.1 x	2.1 x	2.1 x	2.1 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	489.9 m	469 m	457.5 m	561.6 m
Depreciation and Amortization				(43.7 m)
Accounts Payable	299.7 m	106.9 m	230.4 m	271.2 m
Cash From Operating Activities	837.9 m	712.7 m	750.5 m	868.4 m
Purchases of PP&E	(385.6 m)	(456 m)	(465.8 m)	(506.8 m)
Cash From Investing Activities	(377.4 m)	(453 m)	(591.1 m)	(726 m)
Dividends Paid	(191 m)	(194.9 m)	(195.7 m)	(202.8 m)
Cash From Financing Activities	(318.3 m)	226.3 m	(318.9 m)	(200.2 m)
Income Taxes Paid	28.2 m	3.3 m	9.2 m	15.9 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	83.2 m	106.7 m	35.7 m	136.8 m	99.1 m	133.5 m	148.4 m	135.5 m	142.1 m
Depreciation and Amortization	(4.2 m)	(4.1 m)	(3.7 m)	(3.3 m)	(4.2 m)	(7.9 m)	(11.9 m)	(12.2 m)	(21.8 m)
Accounts Payable				1.1 b	1 b	1.2 b	1.3 b	1.2 b	1.2 b

Ratios

USD	Y, 2017
Revenue/Employee	38.4 k
Financial Leverage	2.1 x

Autoliv Operating Metrics

	FY, 2016
Car Brands	100
Countries	25
Car Models	1.3 k

Source: SEC Filings

Autoliv Market Value History

Autoliv Revenue Breakdown

Autoliv Median Salaries

Source: 169 public H-1B filings from Autoliv

Market Position of Autoliv

Competitors

The Goodyear Tire & Rubber Company

Revenue (Q1, 2017)	2.6 b
Gross profit (Q1, 2017)	4.7 b
Gross profit margin (Q1, 2017), %	179%
Net income (Q1, 2017)	142.1 m
EBIT (Q1, 2017)	217.6 m
Market capitalization (21-Jul-2017)	9.4 b
Closing share price (21-Jul-2017)	115.9
Cash (31-Mar-2017)	1.2 b

Autoliv

Key People at Autoliv

Jan Carlson

Autoliv Office Locations

Autoliv Data and Metrics

Autoliv Financial Metrics

Summary

Revenue (Q1, 2017)

Gross profit (Q1, 2017)

Gross profit margin (Q1, 2017), %

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (21-Jul-2017)

Closing share price (21-Jul-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

Sales and marketing expense

R&D expense

General and administrative expense

Operating expense total

Depreciation and amortization

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Total Debt

Current Liabilities

Non-Current Liabilities

Total Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Cash

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Non-Current Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow