Valeo (FR.PA) stock price, revenue, and financials

Valeo market cap is €6.6 b, and annual revenue was €19.48 b in FY 2019

€6.6 B

FR.PA Mkt cap, 10-Nov-2021

€19.5 B

Valeo Revenue FY, 2019
Valeo Revenue growth (FY, 2018 - FY, 2019), %2%
Valeo Gross profit (FY, 2019)3.5 B
Valeo Gross profit margin (FY, 2019), %17.7%
Valeo Net income (FY, 2019)394 M
Valeo EBITDA (FY, 2019)2.5 B
Valeo EBIT (FY, 2019)1 B
Valeo Cash, 31-Dec-20191.8 B
Valeo EV9.7 B
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Valeo Revenue

Valeo revenue was €19.48 b in FY, 2019 which is a 1.8% year over year increase from the previous period.

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Valeo Revenue Breakdown

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Valeo revenue breakdown by business segment: 18.4% from Comfort and Driving Assistance Systems, 25.7% from Powertrain Systems, 23.2% from Thermal Systems, 30.4% from Visibility Systems and 2.3% from Other

Valeo revenue breakdown by geographic segment: 6.6% from France, 41.5% from Other European Countries and Africa, 19.1% from North America, 30.3% from Asia and 2.5% from Other

Valeo Income Statement

Annual

EURFY, 2017FY, 2018FY, 2019

Revenue

18.6b19.1b19.5b

Revenue growth, %

3%2%

Cost of goods sold

15.1b15.5b16.0b

Gross profit

3.5b3.7b3.5b

Gross profit Margin, %

19%19%18%

Sales and marketing expense

302.0m316.0m304.0m

R&D expense

1.1b1.6b1.6b

General and administrative expense

587.0m595.0m566.0m

Operating expense total

2.0b2.5b2.4b

EBITDA

2.4b2.4b2.5b

EBITDA margin, %

13%13%13%

EBIT

1.5b1.2b1.0b

EBIT margin, %

8%6%5%

Interest expense

88.0m89.0m118.0m

Interest income

15.0m23.0m45.0m

Pre tax profit

1.3b945.0m657.0m

Income tax expense

325.0m303.0m263.0m

Net Income

965.0m642.0m394.0m

EPS

3.72.31.3

Half Year

EURH1, 2017H1, 2018H1, 2019

Revenue

9.5b9.9b9.8b

Cost of goods sold

7.7b7.9b8.0b

Gross profit

1.8b2.0b1.8b

Gross profit Margin, %

19%20%18%

Sales and marketing expense

149.0m158.0m155.0m

R&D expense

582.0m774.0m785.0m

General and administrative expense

305.0m311.0m300.0m

Operating expense total

1.0b1.2b1.2b

EBITDA

1.2b1.3b1.2b

EBITDA margin, %

13%14%12%

EBIT

725.0m755.0m514.0m

EBIT margin, %

8%8%5%

Interest expense

43.0m43.0m

Interest income

6.0m11.0m

Pre tax profit

669.0m659.0m336.0m

Income tax expense

130.0m154.0m130.0m

Net Income

539.0m505.0m206.0m

EPS

2.11.90.7

Valeo Balance Sheet

Annual

EURFY, 2017FY, 2018FY, 2019

Cash

2.4b2.4b1.8b

Accounts Receivable

2.9b2.8b2.8b

Inventories

1.7b1.9b1.9b

Current Assets

7.7b7.6b7.0b

PP&E

4.1b4.6b5.4b

Goodwill

2.6b2.6b2.6b

Total Assets

17.4b18.5b18.9b

Accounts Payable

4.4b4.5b4.8b

Short-term debt

1.0b1.3b462.0m

Current Liabilities

7.4b8.0b7.3b

Long-term debt

3.2b3.5b4.4b

Non-Current Liabilities

4.9b5.1b6.1b

Total Debt

4.3b4.8b4.9b

Common Stock

240.0m240.0m241.0m

Additional Paid-in Capital

1.5b1.5b1.5b

Retained Earnings

2.7b2.8b2.8b

Total Equity

5.1b5.4b5.5b

Debt to Equity Ratio

0.8 x0.9 x0.9 x

Debt to Assets Ratio

0.2 x0.3 x0.3 x

Financial Leverage

3.4 x3.4 x3.5 x

Half Year

EURH1, 2017H1, 2018H1, 2019

Cash

2.3b2.6b2.4b

Accounts Receivable

2.9b3.2b2.9b

Inventories

1.5b1.8b1.8b

Current Assets

7.2b8.2b7.8b

PP&E

3.5b4.3b5.2b

Goodwill

2.0b2.6b2.6b

Total Assets

15.4b18.5b19.5b

Accounts Payable

4.2b4.6b4.7b

Short-term debt

979.0m1.5b1.2b

Current Liabilities

7.0b8.2b8.0b

Long-term debt

2.4b3.5b4.4b

Non-Current Liabilities

3.9b5.1b6.2b

Total Debt

3.3b4.9b5.6b

Common Stock

239.0m240.0m241.0m

Additional Paid-in Capital

1.5b1.5b1.5b

Retained Earnings

2.3b2.8b2.7b

Total Equity

4.4b5.2b5.3b

Debt to Equity Ratio

0.8 x0.9 x1.1 x

Debt to Assets Ratio

0.2 x0.3 x0.3 x

Financial Leverage

3.5 x3.5 x3.7 x

Valeo Cash Flow

Annual

EURFY, 2017FY, 2018FY, 2019

Net Income

965.0m642.0m394.0m

Depreciation and Amortization

949.0m1.1b1.4b

Accounts Receivable

(242.0m)124.0m(14.0m)

Inventories

(204.0m)(200.0m)29.0m

Accounts Payable

393.0m80.0m248.0m

Cash From Operating Activities

2.0b2.2b2.5b

Purchases of PP&E

(1.2b)(1.3b)(1.2b)

Cash From Investing Activities

(2.4b)(2.3b)(2.2b)

Long-term Borrowings

(630.0m)(360.0m)(447.0m)

Dividends Paid

(317.0m)(324.0m)(343.0m)

Cash From Financing Activities

406.0m(238.0m)(245.0m)

Net Change in Cash

(45.0m)(315.0m)47.0m

Interest Paid

72.0m64.0m97.0m

Income Taxes Paid

265.0m267.0m292.0m

Half Year

EURH1, 2017H1, 2018H1, 2019

Net Income

539.0m505.0m206.0m

Depreciation and Amortization

465.0m547.0m689.0m

Accounts Receivable

(324.0m)(291.0m)(164.0m)

Inventories

(77.0m)(141.0m)89.0m

Accounts Payable

272.0m213.0m204.0m

Cash From Operating Activities

969.0m1.0b1.3b

Purchases of PP&E

(546.0m)(634.0m)(593.0m)

Cash From Investing Activities

(905.0m)(1.1b)(1.1b)

Long-term Borrowings

(179.0m)(310.0m)(66.0m)

Dividends Paid

(306.0m)(314.0m)(330.0m)

Cash From Financing Activities

(150.0m)(165.0m)143.0m

Net Change in Cash

(160.0m)(222.0m)293.0m

Interest Paid

67.0m57.0m63.0m

Income Taxes Paid

150.0m138.0m152.0m

Valeo Ratios

EURH1, 2017

EV/EBITDA

12.4 x

EV/EBIT

20.8 x

EV/CFO

15.6 x

Revenue/Employee

103.1k

Debt/Equity

0.8 x

Debt/Assets

0.2 x

Financial Leverage

3.5 x

P/E Ratio

27.7

Valeo Operating Metrics

H1, 2017H2, 2017FY, 2017H1, 2018H2, 2018FY, 2018H1, 2019H2, 2019FY, 2019

Order Intake

€14.9 b€12.7 b€27.6 b€14 b€10.2 b€24.2 b€11.1 b€10.9 b€22 b

Customer Projects Managed

2.8 k3 k

Development Centers

353839

Development Centers (Comfort and Driving Assistance Systems)

1079

Development Centers (Powertrain Systems)

151618

Development Centers (Thermal Systems)

101010

Development Centers (Visibility Systems)

151616

Distribution Platforms (Valeo Service)

151515

New Products Added (Valeo Service)

7.7 k13 k13 k

Patents Issued

42 k42.5 k33.34 k

Patents Issued Yearly

2.05 k2.14 k1.7 k

Plants

184186191

Plants (Comfort and Driving Assistance Systems)

272731

Plants (Powertrain Systems)

555557

Plants (Thermal Systems)

626468

Plants (Visibility Systems)

494951

Product Categories (Valeo Service)

320320320

Product Lines for Industrial Vehicles (Valeo Service)

101010

Product Lines for Passenger Cars (Valeo Service)

131313

Projects Funded

505050

Research Centers

202120

Research Centers (Comfort and Driving Assistance Systems)

867

Research Centers (Powertrain Systems)

787

Research Centers (Thermal Systems)

333

Research Centers (Visibility Systems)

545

Valeo Human Capital

Ethnicity

FY, 2019FY, 2018FY, 2017
Africa5.3%
North America17.2%16.2%15%
Central and Eastern Europe16.2%15.9%15.4%
Western Europe26.7%27.9%29.6%
Asia31.8%32.8%33.2%
Other2.8%7.1%6.8%

Job Roles

FY, 2019FY, 2018FY, 2017
Operators53.3%51.9%52.7%
Technicians15.7%17.1%17.9%
Managers and Professionals31%30.9%29.4%
FY, 2019FY, 2018FY, 2017
Male, percent67.9%68%50.5%
Female, percent32.1%32%24.8%

Valeo Employee Rating

3.83462 votes
Culture & Values
3.4
Work/Life Balance
3.2
Senior Management
3
Salary & Benefits
3.5
Career Opportunities
3.4
Source