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Sensata Technologies (NYSE:ST) is doing its part.
FY 2021 revenue at this leading sensing and controls business was within a fraction of a percent of my expectations and EBITDA and FCF were both better, and the
Sensata Not Enjoying The Best Sentiment, But Sensitized To Future Electrification Growth
Summary
- Sensata's fourth quarter results were a little better than expected, but guidance for 2022 was more mixed with some conservative end-market outlooks and more margin pressure.
- Management continues to grow the Electrification portfolio, but really isn't getting much credit for the growth leverage/potential in autos or other markets like industrial and aerospace.
- Sensata doesn't have a flawless track record, but the valuation seems to low given the company's market positioning and ongoing new business wins.
Stephen Simpson is a freelance financial writer and investor.Spent close to 15 years on the Street (sell-side, buy-side, equities, bonds).
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