Intrinsic value of Adient - ADNT

Previous Close

$44.18

  Intrinsic Value

$48.02

stock screener

  Rating & Target

hold

+9%

Previous close

$44.18

 
Intrinsic value

$48.02

 
Up/down potential

+9%

 
Rating

hold

We calculate the intrinsic value of ADNT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  12.20
  11.48
  10.83
  10.25
  9.72
  9.25
  8.83
  8.44
  8.10
  7.79
  7.51
  7.26
  7.03
  6.83
  6.65
  6.48
  6.33
  6.20
  6.08
  5.97
  5.88
  5.79
  5.71
  5.64
  5.57
  5.52
  5.47
  5.42
  5.38
  5.34
Revenue, $m
  18,191
  20,279
  22,476
  24,779
  27,189
  29,704
  32,326
  35,056
  37,895
  40,847
  43,915
  47,103
  50,416
  53,859
  57,439
  61,163
  65,037
  69,070
  73,269
  77,646
  82,207
  86,965
  91,930
  97,114
  102,527
  108,183
  114,096
  120,278
  126,745
  133,512
Variable operating expenses, $m
  18,099
  20,142
  22,290
  24,544
  26,900
  29,361
  31,925
  34,595
  37,372
  40,260
  42,955
  46,073
  49,313
  52,682
  56,183
  59,825
  63,615
  67,560
  71,668
  75,948
  80,410
  85,064
  89,921
  94,990
  100,286
  105,818
  111,601
  117,649
  123,974
  130,594
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  18,099
  20,142
  22,290
  24,544
  26,900
  29,361
  31,925
  34,595
  37,372
  40,260
  42,955
  46,073
  49,313
  52,682
  56,183
  59,825
  63,615
  67,560
  71,668
  75,948
  80,410
  85,064
  89,921
  94,990
  100,286
  105,818
  111,601
  117,649
  123,974
  130,594
Operating income, $m
  92
  138
  186
  236
  289
  344
  401
  461
  523
  587
  960
  1,030
  1,102
  1,177
  1,256
  1,337
  1,422
  1,510
  1,602
  1,697
  1,797
  1,901
  2,010
  2,123
  2,241
  2,365
  2,494
  2,629
  2,771
  2,919
EBITDA, $m
  693
  772
  856
  943
  1,035
  1,131
  1,231
  1,335
  1,443
  1,555
  1,672
  1,793
  1,920
  2,051
  2,187
  2,329
  2,476
  2,630
  2,790
  2,956
  3,130
  3,311
  3,500
  3,698
  3,904
  4,119
  4,344
  4,580
  4,826
  5,084
Interest expense (income), $m
  0
  188
  246
  308
  373
  441
  513
  587
  665
  746
  830
  917
  1,008
  1,102
  1,201
  1,302
  1,408
  1,519
  1,633
  1,753
  1,877
  2,007
  2,142
  2,283
  2,430
  2,583
  2,744
  2,911
  3,086
  3,269
  3,461
Earnings before tax, $m
  -96
  -109
  -123
  -137
  -153
  -169
  -186
  -204
  -223
  -243
  43
  22
  0
  -23
  -47
  -71
  -97
  -123
  -151
  -180
  -210
  -241
  -273
  -307
  -342
  -378
  -417
  -457
  -498
  -542
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  12
  6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -96
  -109
  -123
  -137
  -153
  -169
  -186
  -204
  -223
  -243
  31
  16
  0
  -23
  -47
  -71
  -97
  -123
  -151
  -180
  -210
  -241
  -273
  -307
  -342
  -378
  -417
  -457
  -498
  -542

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  14,777
  16,474
  18,258
  20,130
  22,087
  24,130
  26,260
  28,477
  30,784
  33,182
  35,674
  38,264
  40,955
  43,752
  46,661
  49,685
  52,832
  56,108
  59,520
  63,075
  66,781
  70,646
  74,679
  78,890
  83,288
  87,882
  92,685
  97,708
  102,961
  108,458
Adjusted assets (=assets-cash), $m
  14,777
  16,474
  18,258
  20,130
  22,087
  24,130
  26,260
  28,477
  30,784
  33,182
  35,674
  38,264
  40,955
  43,752
  46,661
  49,685
  52,832
  56,108
  59,520
  63,075
  66,781
  70,646
  74,679
  78,890
  83,288
  87,882
  92,685
  97,708
  102,961
  108,458
Revenue / Adjusted assets
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
  1.231
Average production assets, $m
  4,129
  4,603
  5,102
  5,625
  6,172
  6,743
  7,338
  7,958
  8,602
  9,272
  9,969
  10,692
  11,444
  12,226
  13,039
  13,884
  14,763
  15,679
  16,632
  17,626
  18,661
  19,741
  20,868
  22,045
  23,274
  24,558
  25,900
  27,303
  28,771
  30,307
Working capital, $m
  -564
  -629
  -697
  -768
  -843
  -921
  -1,002
  -1,087
  -1,175
  -1,266
  -1,361
  -1,460
  -1,563
  -1,670
  -1,781
  -1,896
  -2,016
  -2,141
  -2,271
  -2,407
  -2,548
  -2,696
  -2,850
  -3,011
  -3,178
  -3,354
  -3,537
  -3,729
  -3,929
  -4,139
Total debt, $m
  4,562
  5,707
  6,911
  8,174
  9,496
  10,875
  12,313
  13,809
  15,366
  16,985
  18,667
  20,415
  22,232
  24,120
  26,083
  28,125
  30,249
  32,460
  34,763
  37,163
  39,664
  42,273
  44,996
  47,838
  50,806
  53,908
  57,150
  60,540
  64,086
  67,796
Total liabilities, $m
  9,975
  11,120
  12,324
  13,587
  14,909
  16,288
  17,726
  19,222
  20,779
  22,398
  24,080
  25,828
  27,645
  29,533
  31,496
  33,538
  35,662
  37,873
  40,176
  42,576
  45,077
  47,686
  50,409
  53,251
  56,219
  59,321
  62,563
  65,953
  69,499
  73,209
Total equity, $m
  4,803
  5,354
  5,934
  6,542
  7,178
  7,842
  8,535
  9,255
  10,005
  10,784
  11,594
  12,436
  13,310
  14,219
  15,165
  16,148
  17,171
  18,235
  19,344
  20,499
  21,704
  22,960
  24,271
  25,639
  27,068
  28,562
  30,123
  31,755
  33,462
  35,249
Total liabilities and equity, $m
  14,778
  16,474
  18,258
  20,129
  22,087
  24,130
  26,261
  28,477
  30,784
  33,182
  35,674
  38,264
  40,955
  43,752
  46,661
  49,686
  52,833
  56,108
  59,520
  63,075
  66,781
  70,646
  74,680
  78,890
  83,287
  87,883
  92,686
  97,708
  102,961
  108,458
Debt-to-equity ratio
  0.950
  1.070
  1.160
  1.250
  1.320
  1.390
  1.440
  1.490
  1.540
  1.570
  1.610
  1.640
  1.670
  1.700
  1.720
  1.740
  1.760
  1.780
  1.800
  1.810
  1.830
  1.840
  1.850
  1.870
  1.880
  1.890
  1.900
  1.910
  1.920
  1.920
Adjusted equity ratio
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -96
  -109
  -123
  -137
  -153
  -169
  -186
  -204
  -223
  -243
  31
  16
  0
  -23
  -47
  -71
  -97
  -123
  -151
  -180
  -210
  -241
  -273
  -307
  -342
  -378
  -417
  -457
  -498
  -542
Depreciation, amort., depletion, $m
  601
  635
  670
  708
  747
  787
  830
  874
  920
  968
  712
  764
  817
  873
  931
  992
  1,055
  1,120
  1,188
  1,259
  1,333
  1,410
  1,491
  1,575
  1,662
  1,754
  1,850
  1,950
  2,055
  2,165
Funds from operations, $m
  505
  526
  548
  570
  594
  618
  644
  670
  697
  725
  743
  780
  817
  850
  885
  920
  958
  996
  1,037
  1,079
  1,123
  1,169
  1,218
  1,268
  1,321
  1,376
  1,433
  1,494
  1,557
  1,623
Change in working capital, $m
  -61
  -65
  -68
  -71
  -75
  -78
  -81
  -85
  -88
  -92
  -95
  -99
  -103
  -107
  -111
  -115
  -120
  -125
  -130
  -136
  -141
  -147
  -154
  -161
  -168
  -175
  -183
  -192
  -200
  -210
Cash from operations, $m
  566
  591
  616
  642
  669
  696
  725
  755
  785
  817
  838
  878
  920
  957
  996
  1,036
  1,078
  1,121
  1,167
  1,215
  1,265
  1,317
  1,371
  1,429
  1,488
  1,551
  1,617
  1,685
  1,757
  1,833
Maintenance CAPEX, $m
  -263
  -295
  -329
  -364
  -402
  -441
  -482
  -524
  -568
  -614
  -662
  -712
  -764
  -817
  -873
  -931
  -992
  -1,055
  -1,120
  -1,188
  -1,259
  -1,333
  -1,410
  -1,491
  -1,575
  -1,662
  -1,754
  -1,850
  -1,950
  -2,055
New CAPEX, $m
  -443
  -474
  -499
  -523
  -547
  -571
  -595
  -620
  -645
  -670
  -696
  -724
  -752
  -782
  -813
  -845
  -879
  -915
  -953
  -993
  -1,036
  -1,080
  -1,127
  -1,177
  -1,229
  -1,284
  -1,342
  -1,403
  -1,468
  -1,536
Cash from investing activities, $m
  -706
  -769
  -828
  -887
  -949
  -1,012
  -1,077
  -1,144
  -1,213
  -1,284
  -1,358
  -1,436
  -1,516
  -1,599
  -1,686
  -1,776
  -1,871
  -1,970
  -2,073
  -2,181
  -2,295
  -2,413
  -2,537
  -2,668
  -2,804
  -2,946
  -3,096
  -3,253
  -3,418
  -3,591
Free cash flow, $m
  -140
  -178
  -212
  -246
  -280
  -316
  -352
  -389
  -428
  -467
  -520
  -557
  -596
  -642
  -690
  -741
  -793
  -849
  -906
  -967
  -1,030
  -1,096
  -1,166
  -1,239
  -1,315
  -1,395
  -1,480
  -1,568
  -1,661
  -1,758
Issuance/(repayment) of debt, $m
  1,084
  1,145
  1,205
  1,263
  1,321
  1,379
  1,438
  1,497
  1,557
  1,619
  1,682
  1,748
  1,817
  1,888
  1,963
  2,042
  2,124
  2,211
  2,303
  2,400
  2,501
  2,609
  2,722
  2,842
  2,968
  3,102
  3,242
  3,390
  3,546
  3,711
Issuance/(repurchase) of shares, $m
  620
  660
  703
  745
  789
  833
  879
  925
  973
  1,022
  779
  826
  875
  932
  992
  1,054
  1,120
  1,188
  1,260
  1,335
  1,414
  1,497
  1,584
  1,675
  1,771
  1,872
  1,978
  2,089
  2,206
  2,328
Cash from financing (excl. dividends), $m  
  1,704
  1,805
  1,908
  2,008
  2,110
  2,212
  2,317
  2,422
  2,530
  2,641
  2,461
  2,574
  2,692
  2,820
  2,955
  3,096
  3,244
  3,399
  3,563
  3,735
  3,915
  4,106
  4,306
  4,517
  4,739
  4,974
  5,220
  5,479
  5,752
  6,039
Total cash flow (excl. dividends), $m
  1,563
  1,627
  1,695
  1,763
  1,830
  1,897
  1,964
  2,032
  2,102
  2,173
  1,941
  2,017
  2,096
  2,178
  2,265
  2,355
  2,451
  2,551
  2,657
  2,768
  2,886
  3,010
  3,141
  3,279
  3,424
  3,578
  3,740
  3,911
  4,091
  4,281
Retained Cash Flow (-), $m
  -620
  -660
  -703
  -745
  -789
  -833
  -879
  -925
  -973
  -1,022
  -810
  -842
  -875
  -932
  -992
  -1,054
  -1,120
  -1,188
  -1,260
  -1,335
  -1,414
  -1,497
  -1,584
  -1,675
  -1,771
  -1,872
  -1,978
  -2,089
  -2,206
  -2,328
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  943
  967
  993
  1,017
  1,041
  1,064
  1,086
  1,107
  1,129
  1,151
  1,131
  1,175
  1,221
  1,246
  1,273
  1,301
  1,331
  1,363
  1,397
  1,433
  1,472
  1,513
  1,557
  1,604
  1,653
  1,706
  1,762
  1,822
  1,885
  1,952
Discount rate, %
  6.10
  6.41
  6.73
  7.06
  7.41
  7.79
  8.17
  8.58
  9.01
  9.46
  9.94
  10.43
  10.95
  11.50
  12.08
  12.68
  13.32
  13.98
  14.68
  15.41
  16.19
  16.99
  17.84
  18.74
  19.67
  20.66
  21.69
  22.77
  23.91
  25.11
PV of cash for distribution, $m
  889
  854
  817
  774
  728
  678
  626
  573
  519
  466
  399
  357
  316
  271
  230
  193
  159
  129
  103
  81
  63
  48
  36
  26
  19
  13
  9
  6
  4
  2
Current shareholders' claim on cash, %
  86.9
  76.1
  67.0
  59.3
  52.7
  47.0
  42.1
  37.9
  34.1
  30.9
  28.7
  26.7
  24.9
  23.2
  21.7
  20.2
  18.9
  17.6
  16.4
  15.3
  14.3
  13.3
  12.4
  11.6
  10.8
  10.1
  9.4
  8.8
  8.2
  7.7

Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors. The Seating segment produces automotive seat metal structures, and mechanisms, foam, trim, fabric and complete seat systems. The Interiors segment produces instrument panels, floor consoles, door panels, overhead consoles, cockpit systems, decorative trim and other products. The Company also supplies various seating systems to the international motorsports industry through its RECARO brand of products. It operates approximately 230 manufacturing or assembly facilities, with operations in over 30 countries. Its technologies focus on offering automotive seating solutions in a range of areas, including frames, armrests and fabrics.

FINANCIAL RATIOS  of  Adient (ADNT)

Valuation Ratios
P/E Ratio 4.7
Price to Sales 0.3
Price to Book 1
Price to Tangible Book
Price to Cash Flow 5.5
Price to Free Cash Flow 24.3
Growth Rates
Sales Growth Rate -3.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 32%
Cap. Spend. - 3 Yr. Gr. Rate -1.6%
Financial Strength
Quick Ratio 19
Current Ratio 0.2
LT Debt to Equity 80.4%
Total Debt to Equity 81.3%
Interest Coverage 0
Management Effectiveness
Return On Assets 6.7%
Ret/ On Assets - 3 Yr. Avg. -0.8%
Return On Total Capital 11.3%
Ret/ On T. Cap. - 3 Yr. Avg. -1.2%
Return On Equity 20.7%
Return On Equity - 3 Yr. Avg. -0.8%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 8.7%
Gross Margin - 3 Yr. Avg. 9.2%
EBITDA Margin 8.8%
EBITDA Margin - 3 Yr. Avg. 6.5%
Operating Margin 4.1%
Oper. Margin - 3 Yr. Avg. 2.6%
Pre-Tax Margin 6.5%
Pre-Tax Margin - 3 Yr. Avg. 4.5%
Net Profit Margin 5.4%
Net Profit Margin - 3 Yr. Avg. -0.5%
Effective Tax Rate 9.3%
Eff/ Tax Rate - 3 Yr. Avg. 180.5%
Payout Ratio 5.9%

ADNT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ADNT stock intrinsic value calculation we used $16213 million for the last fiscal year's total revenue generated by Adient. The default revenue input number comes from 0001 income statement of Adient. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ADNT stock valuation model: a) initial revenue growth rate of 12.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.1%, whose default value for ADNT is calculated based on our internal credit rating of Adient, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Adient.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ADNT stock the variable cost ratio is equal to 99.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ADNT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Adient.

Corporate tax rate of 27% is the nominal tax rate for Adient. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ADNT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ADNT are equal to 22.7%.

Life of production assets of 14 years is the average useful life of capital assets used in Adient operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ADNT is equal to -3.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4279 million for Adient - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 93.372 million for Adient is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Adient at the current share price and the inputted number of shares is $4.1 billion.

RELATED COMPANIES Price Int.Val. Rating
ADNT Adient 44.18 62.67  buy
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MGA Magna Internat 55.99 91.08  str.buy
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TTM Tata Motors AD 17.14 58.79  str.buy
TSLA Tesla 299.10 83.24  str.sell

COMPANY NEWS

▶ Adient and Eldorado Resorts Set to Join S&P MidCap 400   [Aug-14-18 05:59PM  PR Newswire]
▶ Johnson Controls CEO: Power Solutions decision coming by next earnings release   [Jul-31-18 12:43PM  American City Business Journals]
▶ Boeing CEO reveals aggressive push to integrate parts, services businesses   [Jul-11-18 07:09PM  American City Business Journals]
▶ Johnson Controls spinoff Adient scraps plans to move HQ to Detroit   [Jun-25-18 05:31PM  American City Business Journals]
▶ Adient calls off plans to move headquarters to Detroit   [Jun-19-18 04:47PM  Associated Press]
▶ R. Bruce McDonald steps down as Adient CEO, will retire this fall   [03:30PM  American City Business Journals]
▶ Why Shares of Adient PLC Plummeted Monday   [12:35PM  Motley Fool]
▶ Adient Declares Quarterly Dividend   [Jun-05-18 04:15PM  PR Newswire]
▶ Analyst: Adient A Buy On Turnaround Strategy   [May-09-18 01:33PM  Benzinga]
▶ Adient reports second quarter 2018 financial results   [May-03-18 07:00AM  PR Newswire]
▶ Adient Declares Quarterly Dividend   [Mar-12-18 04:30PM  PR Newswire]
▶ Four Stock Picks By David Einhorn That Might Be Oversold   [Mar-02-18 04:41PM  Insider Monkey]
▶ Adient reports 1Q loss   [07:32AM  Associated Press]
▶ Adient PLC to Host Earnings Call   [07:00AM  ACCESSWIRE]
▶ What Were David Einhorns Top Buys in 3Q17?   [Jan-18-18 07:31AM  Market Realist]
▶ Juno soars, Newater's Blockchain play, Adient warns   [Jan-17-18 12:55PM  Yahoo Finance]
▶ Juno soars, Newater's Blockchain play, Adient warns   [12:52PM  Yahoo Finance Video]
▶ Boeing to form joint venture with Adient   [04:18PM  CNBC Videos]
▶ ETFs with exposure to Adient plc : December 18, 2017   [Dec-18-17 02:21PM  Capital Cube]
▶ ETFs with exposure to Adient plc : December 7, 2017   [Dec-07-17 12:49PM  Capital Cube]
▶ ETFs with exposure to Adient plc : November 27, 2017   [Nov-27-17 11:49AM  Capital Cube]
▶ Adient Declares Quarterly Dividend   [Nov-07-17 04:15PM  PR Newswire]
▶ How Axalta went from loser to takeover target   [Nov-03-17 06:53PM  CNBC Videos]
▶ Adient beats Street 4Q forecasts   [Nov-02-17 08:24AM  Associated Press]
▶ Adient PLC to Host Earnings Call   [07:10AM  ACCESSWIRE]

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