Quality Investor

Aptiv PLC

Rank #328Capital Return

APTV · NYSE · Consumer Cyclical

Aptiv PLC (APTV) — Rank #328 by gross profitability (GP/assets 0.22) · ROE 1.9% · Piotroski F-Score 8 / 9.

As-of 2026-09-15 · CIK 0001521332 · all metrics point-in-time as of the filing date.

About

Aptiv PLC, an industrial technology company, provides hardware and software solutions to support automotive and other industries in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America.

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It operates through three segments: Advanced Safety and User Experience, Engineered Components, and Electrical Distribution Systems. The company offers active safety, user experience and smart vehicle compute, and software products for vehicle safety and security, including intelligent sensors, compute platforms, and software tools and services. It also provides connection systems, interconnects, and cable management and protection solutions for the distribution of power, signal, and data.

Aptiv PLC was incorporated in 2011 and is based in Schaffhausen, Switzerland.

Industry
Auto Parts
Sector
Consumer Cyclical
State
Y9
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
aptiv.com

Price History

APTV-69.6% · -21.2% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$9.30B

P/E (annual)

58.6

P/S (annual)

0.5

P/B

1.1

P/OCF (annual)

4.3

Shareholder Yield

14.0%

Employees

140,000

Industry

Auto Parts

Exchange

NYSE

Signal Flags

2 green1 red
Revenue growth acceleratingGrowth rate increasing year over year
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak
Operating margin decliningOperating margin lower than prior year

Quality Profile

Profitability

1/1 pass
GP / assets
0.22
Return on equity
1.9%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.06
Current ratio
2.02×
Net cash
-$4.59B

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.7%

Growth

2/2 pass
Revenue growth
3.5%
Piotroski F-Score
8 / 9
Share dilution
-14.0%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

What Growth Is Priced In

Implied revenue growth (10Y)

-8.5%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Buyback tailwind: -14.0% — per-share value needs a total required return of -22.4% once share-count change is priced in.

vs. own 6-year median revenue growth: 7.7%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-11.8%

r = 10% (base)

-8.5%

r = 12%

-5.6%

Net debt / market cap: 47.3%— material leverage inflates the implied growth read.

Base FCF: $1.5B3Y mean FCF: $1.4B

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

109.8xExpensive
8.1xmed 20.9x109.8x

P / S

Price / revenue per share

0.9xCheap
0.8xmed 1.6x3.1x

P / B

Price / book value per share

2.0xCheap
1.9xmed 4.7x9.0x

P / GP

Price / gross profit per share

4.7xCheap
4.4xmed 7.9x20.8x

P / FCF

Price / free cash flow per share

11.9xCheap
10.2xmed 26.6x74.9x

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.22

Primary signal (Novy-Marx).

8th of 12 SIC 3714 peers

Return on equity

1.9%

Gross margin

19.1%

7th of 12 SIC 3714 peers

Revenue growth (YoY)

3.5%

RPO growth (YoY)

-11.3%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

5.3%

Revenue CAGR (5Y)

9.3%

Earnings CAGR (3Y)

-34.8%

FCF CAGR (3Y)

54.0%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.06

4th of 11 SIC 3714 peers (best = lowest)

Current ratio

2.02×

7th of 12 SIC 3714 peers

Quick ratio

1.07×

Net cash

-$4.59B

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$1.53B

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

8.27

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.7%

Stock-based comp intensity.

Piotroski F-Score

F-Score

8 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Value
Op. Leverage
Capital Return