Yahoo Finance Here's Why Autoliv, Inc. (ALV) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Autoliv, Inc. (ALV)
Based in Stockholm, Autoliv is a holding company that operates through two principal subsidiaries — Autoliv AB and Autoliv ASP. Autoliv was born out of a 1997 merger of Swedish firm Autoliv AB and US firm Morton ASP. On Jun 29, 2018, Autoliv completed the spin-off of its Electronics business to Veoneer, Inc. Following the completion of the spin-off, the company is focused on occupant safety products.
ALV sits at a Zacks Rank #2 (Buy), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Automotive - Original Equipment industry's P/E of 13.2X, shares of Autoliv, Inc. are trading at a forward P/E of 13.9X. ALV also has a PEG Ratio of 0.6, a Price/Cash Flow ratio of 10.3X, and a Price/Sales ratio of 0.9X.
Many value investors pay close attention to a company's earnings as well. For ALV, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.15 to $6.36 per share for 2023. Per share ALV boasts an average earnings surprise of 9.8%.
Investors should take the time to consider ALV for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Autoliv, Inc. (ALV) : Free Stock Analysis Report
