Federal-Mogul

Federal-Mogul Holdings Corporation (NASDAQ: FDML) is a leading global supplier of products and services to the world’s manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company’s products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety. Federal-Mogul operates two independent business divisions, each with a chief executive officer reporting to Federal-Mogul's Board of Directors. Federal-Mogul Powertrain designs and manufactures original equipment powertrain components and systems protection products for automotive, heavy-duty, industrial and transport applications. Federal-Mogul Motorparts sells and distributes a broad portfolio of products through more than 20 of the world’s most recognized brands in the global vehicle aftermarket, while also serving original equipment vehicle manufacturers with products including braking, chassis, wipers and other vehicle components. The company’s aftermarket brands include ANCO® wiper blades; Champion® spark plugs, wipers and filters; AE®, Fel-Pro®, FP Diesel® Goetze®, Glyco®, Nüral®, Payen® and Sealed Power® engine products; MOOG® steering and suspension parts; and Ferodo® and Wagner® brake products. Federal-Mogul was founded in Detroit in 1899. The company employs 44,300 people in 33 countries, and its worldwide headquarters is in Southfield, Michigan, United States.
Type
Public
HQ
Southfield, US
Founded
1899
Size (employees)
53,700 (est)+11%
Federal-Mogul was founded in 1899 and is headquartered in Southfield, US

Federal-Mogul Office Locations

Federal-Mogul has an office in Southfield
Southfield, US (HQ)
27300 W Eleven Mile Rd

Federal-Mogul Data and Metrics

Federal-Mogul Financial Metrics

Federal-Mogul's revenue was reported to be $7.4 b in FY, 2016
USD

Revenue (FY, 2016)

7.4 b

Revenue growth (FY, 2015 - FY, 2016), %

0%

Gross profit (FY, 2016)

1.1 b

Gross profit margin (FY, 2016), %

15%

Net income (FY, 2016)

90 m

EBIT (FY, 2016)

231 m

Market capitalization (23-Jan-2017)

1.7 b

Closing share price (23-Jan-2017)

10

Cash (31-Dec-2016)

300 m

EV

4.3 b
Federal-Mogul's current market capitalization is $1.7 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

6.8 b7.3 b7.4 b7.4 b

Revenue growth, %

8%1%0%

Cost of goods sold

5.2 b5.6 b5.5 b5.8 b6.3 b6.3 b6.3 b

Gross profit

1 b1.1 b1.1 b1.1 b

Gross profit Margin, %

15%14%14%15%

General and administrative expense

(815 m)

Operating expense total

(815 m)

EBIT

(34 m)(48 m)(55 m)231 m

EBIT margin, %

(1%)(1%)(1%)3%

Interest expense

129 m127 m128 m99 m120 m138 m145 m

Pre tax profit

157 m(105 m)(81 m)145 m

Income tax expense

(12 m)16 m(29 m)56 m56 m30 m(55 m)

Net Income

49 m(161 m)(104 m)90 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

1.8 b1.9 b1.9 b1.8 b2 b1.8 b1.9 b1.9 b1.8 b

Cost of goods sold

(1.5 b)(1.6 b)(1.6 b)(1.6 b)(1.7 b)(1.6 b)(1.6 b)(1.6 b)(1.6 b)

Gross profit

3.3 b3.4 b3.5 b3.4 b3.6 b3.4 b3.5 b3.5 b3.4 b

Gross profit Margin, %

185%184%186%186%185%186%185%184%185%

General and administrative expense

(181 m)(195 m)(210 m)(203 m)(200 m)(193 m)(198 m)(215 m)(203 m)

Operating expense total

(181 m)(195 m)(210 m)(203 m)(200 m)(193 m)(198 m)(215 m)(203 m)

EBIT

67 m65 m52 m

EBIT margin, %

4%3%3%

Interest expense

(22 m)(31 m)(34 m)(35 m)(32 m)(36 m)(37 m)(36 m)(37 m)

Pre tax profit

58 m12 m(2 m)1 m29 m(53 m)44 m48 m26 m

Income tax expense

17 m15 m15 m11 m12 m9 m8 m(15 m)(10 m)

Net Income

41 m(3 m)(17 m)(10 m)36 m33 m16 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

1 b953 m953 m467 m761 m332 m194 m300 m

Accounts Receivable

1.3 b1.4 b1.4 b1.2 b

Inventories

224 m225 m188 m1.3 b

Current Assets

3.4 b3.2 b3.1 b3 b

PP&E

2 b2.2 b2.4 b2.3 b

Total Assets

7.2 b7.1 b7.2 b7.1 b

Accounts Payable

799 m926 m901 m885 m

Total Debt

2.7 b2.9 b

Current Liabilities

3.1 b1.8 b1.8 b1.8 b

Common Stock

2 m2 m2 m

Additional Paid-in Capital

2.9 b

Retained Earnings

(518 m)(686 m)(796 m)(714 m)

Total Equity

902 m880 m

Debt to Equity Ratio

3.3 x

Debt to Assets Ratio

0.4 x

Financial Leverage

8 x8 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

652 m628 m469 m323 m243 m220 m252 m290 m330 m

Accounts Receivable

1.4 b1.5 b1.5 b1.5 b1.6 b1.5 b1.5 b1.4 b1.3 b

Inventories

1.1 b1.1 b1.2 b1.3 b1.3 b1.4 b1.4 b1.3 b1.3 b

Current Assets

3.4 b3.5 b3.5 b3.3 b3.4 b3.3 b3.3 b3.2 b3.2 b

PP&E

2.1 b2.1 b2.2 b2.3 b2.3 b2.4 b2.4 b2.4 b2.4 b

Total Assets

7.3 b7.4 b7.5 b7.4 b7.6 b7.5 b7.5 b7.3 b7.3 b

Accounts Payable

854 m850 m976 m976 m971 m932 m945 m915 m899 m

Current Liabilities

1.6 b1.7 b1.9 b1.9 b1.9 b1.9 b1.9 b1.8 b1.8 b

Common Stock

2 m2 m2 m2 m2 m2 m2 m2 m2 m

Additional Paid-in Capital

2.9 b2.9 b2.9 b2.9 b

Retained Earnings

(478 m)(483 m)(501 m)(697 m)(675 m)(738 m)(761 m)(730 m)(715 m)

Total Equity

1.1 b979 m984 m964 m991 m

Financial Leverage

6.9 x7.6 x7.6 x7.6 x7.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

49 m(161 m)(104 m)90 m

Depreciation and Amortization

296 m334 m341 m375 m

Accounts Receivable

1 m(47 m)(10 m)111 m

Inventories

(21 m)(84 m)

Accounts Payable

79 m72 m18 m7 m

Cash From Operating Activities

294 m(429 m)(126 m)

Purchases of PP&E

(380 m)(418 m)(440 m)

Cash From Investing Activities

(355 m)(735 m)

Interest Paid

133 m139 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

41 m(3 m)(17 m)(10 m)36 m33 m16 m

Depreciation and Amortization

(12 m)(12 m)(13 m)(14 m)(15 m)(16 m)(15 m)(14 m)(15 m)

Accounts Receivable

1.6 b1.5 b1.5 b1.4 b1.3 b

Accounts Payable

971 m932 m945 m915 m899 m
Y, 2016

EV/EBIT

18.5 x

Debt/Equity

3.3 x

Debt/Assets

0.4 x

Financial Leverage

8 x

Traffic Overview of Federal-Mogul

Federal-Mogul Online and Social Media Presence

Federal-Mogul News and Updates

Carl Icahn Is Mulling a Bid For Herbalife

Says Bill Ackman will suffer.

Term Sheet — Wednesday, September 7

term sheet

Carl Icahn to Take Federal-Mogul Private

Mr. Icahn’s investment firm will buy the remaining 18 percent of Federal-Mogul, an auto parts supplier, it does not already own for $9.25 a share in cash.

Here’s Carl Icahn’s Latest Acquisition

He had to up his bid for the auto parts manufacturer.

Term Sheet — Tuesday, June 21

term sheet

Carl Icahn Bid Pushes Shares of Federal-Mogul Up

Shares surpass bid price.

Federal-Mogul Company Life and Culture

You may also be interested in