Intrinsic value of Lear Corp. - LEA

Previous Close

$136.08

  Intrinsic Value

$403.58

stock screener

  Rating & Target

str. buy

+197%

Previous close

$136.08

 
Intrinsic value

$403.58

 
Up/down potential

+197%

 
Rating

str. buy

We calculate the intrinsic value of LEA 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 8.9

 

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, %
  8.90
  8.51
  8.16
  7.84
  7.56
  7.30
  7.07
  6.87
  6.68
  6.51
  6.36
  6.22
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
  5.59
  5.53
  5.47
  5.43
  5.38
  5.35
  5.31
  5.28
  5.25
  5.23
  5.20
  5.18
Revenue, $m
  22,289
  24,185
  26,159
  28,210
  30,343
  32,558
  34,861
  37,255
  39,743
  42,330
  45,023
  47,825
  50,743
  53,783
  56,952
  60,257
  63,705
  67,305
  71,064
  74,991
  79,097
  83,389
  87,879
  92,576
  97,493
  102,641
  108,031
  113,678
  119,594
  125,793
Variable operating expenses, $m
  20,159
  21,862
  23,635
  25,477
  27,392
  29,383
  31,451
  33,600
  35,835
  38,159
  40,437
  42,954
  45,575
  48,305
  51,151
  54,120
  57,217
  60,450
  63,826
  67,354
  71,041
  74,896
  78,928
  83,148
  87,564
  92,187
  97,029
  102,100
  107,414
  112,982
Fixed operating expenses, $m
  347
  355
  363
  371
  379
  387
  396
  405
  414
  423
  432
  441
  451
  461
  471
  482
  492
  503
  514
  525
  537
  549
  561
  573
  586
  599
  612
  625
  639
  653
Total operating expenses, $m
  20,506
  22,217
  23,998
  25,848
  27,771
  29,770
  31,847
  34,005
  36,249
  38,582
  40,869
  43,395
  46,026
  48,766
  51,622
  54,602
  57,709
  60,953
  64,340
  67,879
  71,578
  75,445
  79,489
  83,721
  88,150
  92,786
  97,641
  102,725
  108,053
  113,635
Operating income, $m
  1,782
  1,968
  2,161
  2,362
  2,571
  2,788
  3,014
  3,249
  3,494
  3,748
  4,153
  4,429
  4,717
  5,017
  5,329
  5,655
  5,996
  6,352
  6,724
  7,112
  7,519
  7,944
  8,389
  8,855
  9,344
  9,855
  10,391
  10,952
  11,541
  12,158
EBITDA, $m
  2,303
  2,521
  2,748
  2,984
  3,229
  3,484
  3,750
  4,026
  4,313
  4,611
  4,922
  5,246
  5,583
  5,935
  6,301
  6,684
  7,084
  7,501
  7,937
  8,393
  8,869
  9,368
  9,890
  10,436
  11,008
  11,607
  12,235
  12,893
  13,583
  14,306
Interest expense (income), $m
  89
  106
  144
  183
  223
  266
  310
  355
  403
  452
  503
  556
  612
  669
  729
  792
  857
  925
  996
  1,070
  1,148
  1,229
  1,313
  1,401
  1,494
  1,591
  1,692
  1,798
  1,909
  2,025
  2,147
Earnings before tax, $m
  1,677
  1,824
  1,978
  2,139
  2,305
  2,479
  2,659
  2,847
  3,042
  3,245
  3,597
  3,818
  4,047
  4,287
  4,537
  4,798
  5,071
  5,355
  5,653
  5,964
  6,290
  6,631
  6,988
  7,361
  7,753
  8,163
  8,593
  9,044
  9,516
  10,012
Tax expense, $m
  453
  493
  534
  577
  622
  669
  718
  769
  821
  876
  971
  1,031
  1,093
  1,158
  1,225
  1,295
  1,369
  1,446
  1,526
  1,610
  1,698
  1,790
  1,887
  1,988
  2,093
  2,204
  2,320
  2,442
  2,569
  2,703
Net income, $m
  1,224
  1,332
  1,444
  1,561
  1,683
  1,810
  1,941
  2,078
  2,221
  2,369
  2,626
  2,787
  2,955
  3,130
  3,312
  3,503
  3,702
  3,909
  4,127
  4,354
  4,592
  4,841
  5,101
  5,374
  5,660
  5,959
  6,273
  6,602
  6,947
  7,309

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
  13,011
  14,119
  15,271
  16,468
  17,713
  19,007
  20,351
  21,748
  23,201
  24,711
  26,283
  27,919
  29,622
  31,397
  33,247
  35,176
  37,189
  39,290
  41,485
  43,778
  46,174
  48,680
  51,301
  54,043
  56,914
  59,919
  63,066
  66,362
  69,815
  73,434
Adjusted assets (=assets-cash), $m
  13,011
  14,119
  15,271
  16,468
  17,713
  19,007
  20,351
  21,748
  23,201
  24,711
  26,283
  27,919
  29,622
  31,397
  33,247
  35,176
  37,189
  39,290
  41,485
  43,778
  46,174
  48,680
  51,301
  54,043
  56,914
  59,919
  63,066
  66,362
  69,815
  73,434
Revenue / Adjusted assets
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
  1.713
Average production assets, $m
  3,120
  3,386
  3,662
  3,949
  4,248
  4,558
  4,881
  5,216
  5,564
  5,926
  6,303
  6,695
  7,104
  7,530
  7,973
  8,436
  8,919
  9,423
  9,949
  10,499
  11,074
  11,674
  12,303
  12,961
  13,649
  14,370
  15,124
  15,915
  16,743
  17,611
Working capital, $m
  290
  314
  340
  367
  394
  423
  453
  484
  517
  550
  585
  622
  660
  699
  740
  783
  828
  875
  924
  975
  1,028
  1,084
  1,142
  1,203
  1,267
  1,334
  1,404
  1,478
  1,555
  1,635
Total debt, $m
  2,662
  3,385
  4,137
  4,919
  5,732
  6,576
  7,454
  8,367
  9,315
  10,302
  11,328
  12,396
  13,508
  14,667
  15,875
  17,135
  18,450
  19,822
  21,255
  22,752
  24,317
  25,953
  27,665
  29,455
  31,330
  33,292
  35,347
  37,499
  39,755
  42,118
Total liabilities, $m
  8,496
  9,220
  9,972
  10,754
  11,567
  12,411
  13,289
  14,202
  15,150
  16,136
  17,163
  18,231
  19,343
  20,502
  21,710
  22,970
  24,285
  25,657
  27,090
  28,587
  30,152
  31,788
  33,500
  35,290
  37,165
  39,127
  41,182
  43,334
  45,589
  47,953
Total equity, $m
  4,515
  4,899
  5,299
  5,715
  6,146
  6,595
  7,062
  7,547
  8,051
  8,575
  9,120
  9,688
  10,279
  10,895
  11,537
  12,206
  12,905
  13,634
  14,395
  15,191
  16,022
  16,892
  17,801
  18,753
  19,749
  20,792
  21,884
  23,028
  24,226
  25,482
Total liabilities and equity, $m
  13,011
  14,119
  15,271
  16,469
  17,713
  19,006
  20,351
  21,749
  23,201
  24,711
  26,283
  27,919
  29,622
  31,397
  33,247
  35,176
  37,190
  39,291
  41,485
  43,778
  46,174
  48,680
  51,301
  54,043
  56,914
  59,919
  63,066
  66,362
  69,815
  73,435
Debt-to-equity ratio
  0.590
  0.690
  0.780
  0.860
  0.930
  1.000
  1.060
  1.110
  1.160
  1.200
  1.240
  1.280
  1.310
  1.350
  1.380
  1.400
  1.430
  1.450
  1.480
  1.500
  1.520
  1.540
  1.550
  1.570
  1.590
  1.600
  1.620
  1.630
  1.640
  1.650
Adjusted equity ratio
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,224
  1,332
  1,444
  1,561
  1,683
  1,810
  1,941
  2,078
  2,221
  2,369
  2,626
  2,787
  2,955
  3,130
  3,312
  3,503
  3,702
  3,909
  4,127
  4,354
  4,592
  4,841
  5,101
  5,374
  5,660
  5,959
  6,273
  6,602
  6,947
  7,309
Depreciation, amort., depletion, $m
  521
  553
  587
  622
  658
  696
  735
  776
  819
  863
  769
  817
  866
  918
  972
  1,029
  1,088
  1,149
  1,213
  1,280
  1,350
  1,424
  1,500
  1,581
  1,665
  1,752
  1,844
  1,941
  2,042
  2,148
Funds from operations, $m
  1,745
  1,885
  2,031
  2,183
  2,341
  2,506
  2,677
  2,854
  3,039
  3,232
  3,395
  3,603
  3,821
  4,048
  4,284
  4,531
  4,789
  5,059
  5,340
  5,634
  5,942
  6,264
  6,601
  6,954
  7,324
  7,711
  8,117
  8,543
  8,989
  9,456
Change in working capital, $m
  24
  25
  26
  27
  28
  29
  30
  31
  32
  34
  35
  36
  38
  40
  41
  43
  45
  47
  49
  51
  53
  56
  58
  61
  64
  67
  70
  73
  77
  81
Cash from operations, $m
  1,721
  1,860
  2,005
  2,156
  2,313
  2,477
  2,647
  2,823
  3,007
  3,198
  3,360
  3,567
  3,783
  4,008
  4,243
  4,488
  4,744
  5,012
  5,291
  5,583
  5,889
  6,209
  6,543
  6,893
  7,260
  7,645
  8,047
  8,469
  8,912
  9,376
Maintenance CAPEX, $m
  -350
  -381
  -413
  -447
  -482
  -518
  -556
  -595
  -636
  -679
  -723
  -769
  -817
  -866
  -918
  -972
  -1,029
  -1,088
  -1,149
  -1,213
  -1,280
  -1,350
  -1,424
  -1,500
  -1,581
  -1,665
  -1,752
  -1,844
  -1,941
  -2,042
New CAPEX, $m
  -250
  -266
  -276
  -287
  -299
  -310
  -322
  -335
  -348
  -362
  -377
  -392
  -409
  -426
  -444
  -463
  -483
  -504
  -526
  -550
  -575
  -601
  -629
  -658
  -688
  -721
  -755
  -791
  -828
  -868
Cash from investing activities, $m
  -600
  -647
  -689
  -734
  -781
  -828
  -878
  -930
  -984
  -1,041
  -1,100
  -1,161
  -1,226
  -1,292
  -1,362
  -1,435
  -1,512
  -1,592
  -1,675
  -1,763
  -1,855
  -1,951
  -2,053
  -2,158
  -2,269
  -2,386
  -2,507
  -2,635
  -2,769
  -2,910
Free cash flow, $m
  1,120
  1,214
  1,316
  1,422
  1,533
  1,649
  1,768
  1,893
  2,023
  2,158
  2,260
  2,406
  2,558
  2,716
  2,881
  3,053
  3,233
  3,420
  3,616
  3,820
  4,034
  4,257
  4,491
  4,735
  4,991
  5,259
  5,540
  5,834
  6,143
  6,466
Issuance/(repayment) of debt, $m
  701
  723
  752
  782
  813
  845
  878
  912
  948
  986
  1,026
  1,068
  1,112
  1,159
  1,208
  1,260
  1,314
  1,372
  1,433
  1,497
  1,565
  1,636
  1,711
  1,791
  1,874
  1,962
  2,055
  2,152
  2,255
  2,363
Issuance/(repurchase) of shares, $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 from financing (excl. dividends), $m  
  701
  723
  752
  782
  813
  845
  878
  912
  948
  986
  1,026
  1,068
  1,112
  1,159
  1,208
  1,260
  1,314
  1,372
  1,433
  1,497
  1,565
  1,636
  1,711
  1,791
  1,874
  1,962
  2,055
  2,152
  2,255
  2,363
Total cash flow (excl. dividends), $m
  1,822
  1,937
  2,068
  2,205
  2,346
  2,493
  2,646
  2,805
  2,971
  3,144
  3,286
  3,474
  3,670
  3,875
  4,089
  4,313
  4,547
  4,792
  5,049
  5,317
  5,599
  5,893
  6,202
  6,526
  6,866
  7,222
  7,595
  7,987
  8,398
  8,829
Retained Cash Flow (-), $m
  -364
  -384
  -400
  -416
  -432
  -449
  -466
  -485
  -504
  -524
  -545
  -568
  -591
  -616
  -642
  -669
  -699
  -729
  -761
  -796
  -832
  -869
  -909
  -952
  -996
  -1,043
  -1,092
  -1,144
  -1,198
  -1,256
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
  1,457
  1,553
  1,669
  1,789
  1,914
  2,044
  2,180
  2,321
  2,467
  2,620
  2,741
  2,907
  3,079
  3,259
  3,447
  3,644
  3,849
  4,063
  4,287
  4,522
  4,767
  5,024
  5,293
  5,575
  5,870
  6,179
  6,503
  6,843
  7,199
  7,573
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  1,397
  1,422
  1,452
  1,473
  1,484
  1,484
  1,473
  1,450
  1,417
  1,373
  1,302
  1,240
  1,171
  1,094
  1,012
  926
  837
  748
  660
  575
  493
  417
  347
  284
  228
  180
  140
  106
  79
  57
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company's segments include Seating and E-Systems. The Company serves the automotive and light truck market. The Seating segment consists of the design, development, engineering, just-in-time assembly and delivery of complete seat systems, as well as the design, development, engineering and manufacture of all seat components, including seat covers and surface materials, such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-Systems segment consists of the design, development, engineering, manufacture, assembly and supply of electrical distribution systems, electronic modules and related components and software for light vehicles across the world.

FINANCIAL RATIOS  of  Lear Corp. (LEA)

Valuation Ratios
P/E Ratio 9.7
Price to Sales 0.5
Price to Book 3.1
Price to Tangible Book
Price to Cash Flow 5.8
Price to Free Cash Flow 8.7
Growth Rates
Sales Growth Rate 1.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 8.6%
Cap. Spend. - 3 Yr. Gr. Rate 2.8%
Financial Strength
Quick Ratio 28
Current Ratio 0.1
LT Debt to Equity 62.1%
Total Debt to Equity 63.5%
Interest Coverage 16
Management Effectiveness
Return On Assets 10.8%
Ret/ On Assets - 3 Yr. Avg. 9.3%
Return On Total Capital 19.7%
Ret/ On T. Cap. - 3 Yr. Avg. 16.9%
Return On Equity 32.6%
Return On Equity - 3 Yr. Avg. 26.8%
Asset Turnover 1.9
Profitability Ratios
Gross Margin 11.6%
Gross Margin - 3 Yr. Avg. 10.3%
EBITDA Margin 9.7%
EBITDA Margin - 3 Yr. Avg. 8.1%
Operating Margin 7.7%
Oper. Margin - 3 Yr. Avg. 6.2%
Pre-Tax Margin 7.2%
Pre-Tax Margin - 3 Yr. Avg. 5.8%
Net Profit Margin 5.3%
Net Profit Margin - 3 Yr. Avg. 4.4%
Effective Tax Rate 27.7%
Eff/ Tax Rate - 3 Yr. Avg. 23.6%
Payout Ratio 9.1%

LEA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the LEA stock intrinsic value calculation we used $20467 million for the last fiscal year's total revenue generated by Lear Corp.. The default revenue input number comes from 0001 income statement of Lear Corp.. 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 LEA stock valuation model: a) initial revenue growth rate of 8.9% 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 4.3%, whose default value for LEA is calculated based on our internal credit rating of Lear Corp., 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 Lear Corp..
    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 LEA stock the variable cost ratio is equal to 90.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $340 million in the base year in the intrinsic value calculation for LEA 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 Lear Corp..

Corporate tax rate of 27% is the nominal tax rate for Lear Corp.. 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 LEA 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 LEA are equal to 14%.

Life of production assets of 8.2 years is the average useful life of capital assets used in Lear Corp. 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 LEA is equal to 1.3%. 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 - $4150.5 million for Lear Corp. - 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 65.512 million for Lear Corp. 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 Lear Corp. at the current share price and the inputted number of shares is $8.9 billion.

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COMPANY NEWS

▶ Lear Declares Quarterly Cash Dividend   [Nov-15-18 01:30PM  PR Newswire]
▶ John Hussman Continues to Buy Gold Mining Companies   [Nov-08-18 02:44PM  GuruFocus.com]
▶ Lear Corporation (NYSE:LEA): Cash Is King   [10:05AM  Simply Wall St.]
▶ Lear (LEA) Surpasses Q3 Earnings Estimates   [Oct-25-18 07:40AM  Zacks]
▶ Lear: 3Q Earnings Snapshot   [06:37AM  Associated Press]
▶ Lear Reports Third Quarter 2018 Results   [06:00AM  PR Newswire]
▶ Lear's Q3 Earnings Preview   [Oct-24-18 03:11PM  Benzinga]
▶ G.research 42nd Annual Automotive Aftermarket Symposium   [Oct-18-18 07:30AM  Business Wire]
▶ [$$] The woman giving Stephen Sondheim a feminine spin   [Oct-12-18 08:54AM  Financial Times]
▶ Is Lear Corp a Good Deal?   [Oct-09-18 01:38PM  GuruFocus.com]
▶ [$$] Charlotte Mendelson: poetry probably saved my life   [Oct-05-18 07:16AM  Financial Times]
▶ G.research 42nd Annual Automotive Aftermarket Symposium   [Oct-03-18 07:30AM  Business Wire]
▶ Jim Cramer: The Bulls Are Saved Again   [Oct-01-18 07:01PM  TheStreet.com]
▶ Lear Corp: 24% Upside by 2020   [Sep-21-18 01:16PM  GuruFocus.com]
▶ G.research 42nd Annual Automotive Aftermarket Symposium   [Sep-12-18 07:30AM  Business Wire]
▶ Lear Declares Quarterly Cash Dividend   [Aug-08-18 05:00PM  PR Newswire]
▶ Auto Supplier Pair Trade: Buy Lear, Sell Adient   [Jul-31-18 10:12AM  Benzinga]
▶ Lear: 2Q Earnings Snapshot   [07:26AM  Associated Press]
▶ Lear's Q2 Earnings Preview   [Jul-25-18 03:56PM  Benzinga]
▶ Lear Positioned for Continued Profitable Growth   [Jun-27-18 12:30PM  PR Newswire]
▶ How Financially Strong Is Lear Corporation (NYSE:LEA)?   [Jun-22-18 11:59AM  Simply Wall St.]
▶ [$$] Playing King Lears Fool   [Jun-21-18 10:06PM  Financial Times]
▶ [$$] Simon Rattle bids farewell to the Berlin Philharmonic   [Jun-19-18 09:54PM  Financial Times]
▶ [$$] Triumph and tragedy   [Jun-15-18 06:00AM  Financial Times]
▶ As Tesla, GM Rally On EV, Self-Driving Hopes These Stocks May Be Next   [Jun-07-18 04:05PM  Investor's Business Daily]
▶ Lear Hires John Absmeier as Chief Technology Officer   [Jun-05-18 07:00AM  PR Newswire]
▶ Lear Names Rashida Thomas Chief Diversity Officer   [May-23-18 08:30AM  PR Newswire]
▶ Lear Declares Quarterly Cash Dividend   [May-17-18 02:30PM  PR Newswire]
▶ Investors Are Undervaluing Lear Corporation (NYSE:LEA) By 32%   [Apr-30-18 05:46PM  Simply Wall St.]
▶ Lear: 1Q Earnings Snapshot   [Apr-26-18 07:58AM  Associated Press]
▶ Lear Corporation to Host Earnings Call   [06:00AM  ACCESSWIRE]
▶ Top Ranked Value Stocks to Buy for April 18th   [Apr-18-18 06:55AM  Zacks]
▶ Lear Corp. Is Heading Higher on the Charts   [Apr-10-18 08:27AM  TheStreet.com]
▶ [$$] Macbeth by Jo Nesbo bloody and bold   [Mar-30-18 07:51AM  Financial Times]
▶ Big 3 automakers win big after new South Korean trade deal   [Mar-28-18 11:13AM  Yahoo Finance Video]
▶ Is It Too Late To Buy Lear Corporation (NYSE:LEA)?   [Mar-09-18 03:30PM  Simply Wall St.]

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