Visteon Corporation (VC)

Industry: Auto - Parts Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
2248.TWO	61	Shining Victory Mo	4,397	5.45	5.45	3.51	3.51	4.63	4.38
5334.T	62	Niterra Co., Ltd.	4,366	11.83	9.33	6.65	5.61	7.70	7.36
5191.T	63	Sumitomo Riko Comp	4,114	7.87	7.87	3.32	2.66	6.32	5.50
601689.SS	64	Ningbo Tuopu Group	3,999	51.50	36.76	38.15	29.03	47.83	33.97
6995.T	65	Tokai Rika Co., Lt	3,972	7.44	2.79	1.68	1.40	3.38	1.99
002048.SZ	66	Ningbo Huaxiang El	3,890	96.79	119.17	13.56	12.66	10.94	34.39
STA-R.BK	67	Sri Trang Agro-Ind	3,816	-	-	7.65	8.37	-	45.80
VC	68	Visteon Corporatio	3,759	10.59	10.59	6.51	5.08	8.47	5.58
5105.T	69	Toyo Tire Corporat	3,726	8.33	6.45	4.52	3.75	6.29	5.52
601966.SS	70	Shandong Linglong	3,445	18.59	20.67	19.14	21.91	22.54	28.11
005850.KS	71	SL Corporation	3,433	4.97	3.36	2.39	1.83	5.74	3.45
PHIN	72	PHINIA Inc.	3,427	24.72	24.72	7.19	7.19	7.88	9.22
1899.HK	73	Xingda Internation	3,360	2.91	2.88	3.48	3.34	8.22	7.66
6923.T	74	Stanley Electric C	3,302	13.95	10.26	3.57	3.11	8.27	5.10
007860.KS	75	Seoyon Co., Ltd.	3,299	1.89	1.89	1.26	0.81	2.56	2.30
073240.KS	76	Kumho Tire Co., In	3,239	5.23	5.23	4.41	3.74	6.58	2.56

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	7.65	5.95	3.57	3.51	6.45	5.50
Full Range Median Multiple	8.10	7.16	4.41	3.74	7.14	5.52
Industry Multiple	18.68	18.34	8.03	7.26	10.63	13.15
Market Implied Multiple	8.28	8.28	4.75	3.71	6.18	4.07
Company (VC) Multiple	10.59	10.59	6.51	5.08	8.47	5.58
(*) Net Income / EBITDA / Revenue	309	309	406	520	312	474
Winsorized Enterprise Value	N/A	N/A	1,451	1,824	2,012	2,603
Full Range Median Enterprise Value	N/A	N/A	1,791	1,943	2,227	2,612
(-) Net Debt	-629	-629	-629	-629	-629	-629
Winsorized Equity Value	2,365	1,839	2,080	2,453	2,641	3,232
Full Range Median Equity Value	2,503	2,212	2,420	2,572	2,856	3,241
(/) Shares Outstanding	27	27	27	27	27	27
Winsorized Fair Value	$86.62	$67.37	$76.19	$89.86	$96.73	$118.38
Full Range Median Fair Value	$91.67	$81.03	$88.63	$94.21	$104.62	$118.72
Current Price	$93.69	$93.69	$93.69	$93.69	$93.69	$93.69
Upside / Downside	-7.54%	-28.09%	-18.67%	-4.09%	3.25%	26.35%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$60.64	$47.16	$53.34	$62.90	$67.71	$82.86
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy