One-glance verdict
Within fair range
$13.68 our estimate vs market $7.13
48% below our estimate
Fundamentals snapshot
Stoneridge, Inc.
SRI · NYQ · Consumer Cyclical · Auto Parts
Current price
$7.13
52-week range
$4.60 - $9.71
Market cap
$203.37M
Balance sheet
Distressed
-1.25x Concerning
Net debt $85.35M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
2 Risks
1 rewards · 2 risks
- Reward Free cash flow was positive in 6/10 years.
- Risk Return on equity was -50.6% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from 0.3% to -0.6% over 3 years.
What this company does
Stoneridge, Inc.
Stoneridge makes and sells the electronic "brains" and "eyes" for large vehicles like commercial trucks and tractors. They create things like digital dashboards, camera systems, and tracking devices, earning most of their money by selling these parts directly to vehicle manufacturers. As vehicles become more like computers on wheels, the demand for Stoneridge's specialized electronic components is a key factor in its business.
How the company got here
Stoneridge was founded in 1965 in Warren, Ohio, as a manufacturing business for the auto market. Over the years, it grew by acquiring other companies, which added new products like switches, sensors, and electronic displays to its lineup. A major step was expanding into Europe and South America through acquisitions and partnerships, establishing its global presence. The company went public on the New York Stock Exchange in 1997, which means its shares can be bought and sold by the public. More recently, Stoneridge has focused on high-tech electronics for commercial vehicles and sold off other parts of its business to concentrate on this area.
What it actually does
Stoneridge makes smart electronic systems and parts for large vehicles like semi-trucks, buses, and farm equipment. Think of them as providing the vehicle's brain and nervous system. Their products include digital dashboards that show speed and other info, camera systems that replace mirrors to help drivers see better, and devices that track vehicle data for safety and legal compliance. They also make a variety of sensors and control modules that manage everything from the engine to the lights inside the cab. Essentially, they create technology that makes big vehicles safer, smarter, and more efficient.
Electronics
This is the company's largest business segment, making up a significant portion of its revenue. It creates high-tech electronic systems primarily for commercial trucks, buses, and off-highway vehicles like construction equipment. Products include advanced driver information systems (the digital screens that replace traditional gauges), vision systems like the MirrorEye® camera that eliminates blind spots, and connectivity solutions such as digital tachographs (devices that record driving times for regulations). The customers are the large vehicle manufacturers, often called OEMs (Original Equipment Manufacturers), who build these products directly into their new vehicles.
Stoneridge Brazil
This segment focuses specifically on the South American market and is a smaller part of the company. It provides a mix of products, including vehicle tracking devices and monitoring services that help companies keep an eye on their fleet of vehicles. This division also sells products directly to consumers, such as car alarms, audio systems, and other accessories under the Pósitron brand. While it once focused heavily on the aftermarket (parts sold after a vehicle is bought), it is now increasingly supplying electronic parts directly to vehicle manufacturers in Brazil.
What management is betting on now
Management is focusing the company's resources on advanced technology for commercial vehicles and off-highway markets. A key part of this strategy is their MirrorEye® Camera Monitor System, which they believe will become a new standard for vehicle safety by replacing traditional mirrors. They are also investing in connectivity and vehicle intelligence, creating systems that allow all the electronic components in a truck's cabin to work together seamlessly. By selling its less-related business lines, the company aims to dedicate more capital (money for investment) to accelerate growth in these high-tech areas.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$4.63M
FY2024 Q4
$13.98M
FY2025 Q1
$4.83M
FY2025 Q2
$7.41M
FY2025 Q3
$-2.70M
FY2025 Q4
$2.63M
FY2026 Q1
$-12.34M
FY2026 Q2
$7.74M
Revenue
$181.38M
Net income
$-5.28M
Diluted EPS
-0.19
Operating cash flow
$12.31M
Free cash flow
$7.74M
Fetching…
Sources
Revenue
$160.85M
Net income
$-27.92M
Diluted EPS
-1.00
Operating cash flow
$-11.50M
Free cash flow
$-12.34M
Fetching…
Sources
Revenue
$205.15M
Net income
$-76.91M
Diluted EPS
-2.76
Operating cash flow
$8.83M
Free cash flow
$2.63M
Fetching…
Sources
Revenue
$210.27M
Net income
$-9.37M
Diluted EPS
-0.34
Operating cash flow
$3.60M
Free cash flow
$-2.70M
Fetching…
Sources
Revenue
$227.95M
Net income
$-9.36M
Diluted EPS
-0.34
Operating cash flow
$10.69M
Free cash flow
$7.41M
Fetching…
Sources
Revenue
$217.89M
Net income
$-7.20M
Diluted EPS
-0.26
Operating cash flow
$10.90M
Free cash flow
$4.83M
Fetching…
Sources
Revenue
$218.25M
Net income
$-6.11M
Diluted EPS
-0.22
Operating cash flow
$19.23M
Free cash flow
$13.98M
Fetching…
Sources
Revenue
$213.83M
Net income
$-7.07M
Diluted EPS
-0.26
Operating cash flow
$10.76M
Free cash flow
$4.63M
Fetching…
Sources
Is it cheap or expensive?
Fair value $13.68 vs current price $7.13
Our most-likely fair value is $13.68 a share — about 91.9% away from today's price of $7.13, so the stock currently looks fairly priced.
Is it drowning in debt?
Distressed
Net debt $85.4M. Interest coverage -1.3x.
Net debt
$85.35M
Interest coverage
-1.25x
Stoneridge, Inc. is healthier than 0 of 1 peers on balance-sheet leverage.
Distressed
Worse cushion
Baseline
Better cushion
SRI
BASELINE
Stoneridge, Inc.
Total debt $156.86M Interest coverage -1.25x This is the baseline the peer rows are being compared against.
What you should know
The case for and against SRI
1 Reward
2 Risks
Rewards
-
Free cash flow was positive in 6/10 years.
Risks
-
Return on equity was -50.6% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from 0.3% to -0.6% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
—
P/B
1.36x
P/S
0.23x
EV/EBITDA
21.06x
PEG ratio
0.26x
Profitability
How much profit each dollar creates
Gross margin
19.3%
Operating margin
-0.6%
Net margin
-13.3%
ROE
-50.6%
ROA
-1.7%
Health
Liquidity and balance-sheet strength
Debt / equity
1.05x
Current ratio
1.89x
Quick ratio
1.14x
Total debt
$156.86M
Total cash
$71.51M
Growth
How the business has been compounding
Revenue TTM
$757.65M
Revenue 5Y CAGR
2.8%
EPS TTM
-3.72
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$13.25M
Free CF TTM
$12.17M
FCF margin
1.6%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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