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BWA - BorgWarner Inc.

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BorgWarner Inc.

BWA

NYSE

BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging. The E-Propulsion & Drivetrain segment provides rotating electrical components, power electronics, control modules, software, friction, and mechanical products for automatic transmissions and torque-management products. The Fuel Injection segment develops and manufactures gasoline and diesel fuel injection components and systems. The Aftermarket segment sells products and services to independent aftermarket customers and original equipment service customers. This segment provides a range of solutions, including fuel injection, electronics and engine management, maintenance, and test equipment and vehicle diagnostics. The company sells its products to original equipment manufacturers of light vehicles, which comprise passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, including medium-duty and heavy-duty trucks, and buses; and off-highway vehicles, such as agricultural and construction machinery, and marine applications, as well as to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles. The company was formerly known as Borg-Warner Automotive, Inc. BorgWarner Inc. was incorporated in 1987 and is headquartered in Auburn Hills, Michigan.

25.61 USD

-1.28 (-5%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

10.16B

14.84B

15.8B

14.2B

14.09B

15.55B

17.16B

18.94B

20.91B

23.08B

Revenue %

-

45.97

6.49

-10.14

-0.79

10.38

10.38

10.38

10.38

Ebitda

1.58B

1.69B

1.64B

1.67B

1.3B

1.81B

2B

2.21B

2.44B

2.69B

Ebitda %

15.59

11.38

10.35

11.77

9.2

11.66

11.66

11.66

11.66

Ebit

1.05B

916M

1.08B

1.09B

623M

1.1B

1.22B

1.35B

1.48B

1.64B

Ebit %

10.38

6.17

6.85

7.67

4.42

7.1

7.1

7.1

7.1

Depreciation

530M

772M

552M

582M

673M

708.61M

782.18M

863.38M

953.02M

1.05B

Depreciation %

5.21

5.2

3.49

4.1

4.78

4.56

4.56

4.56

4.56

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

1.65B

1.84B

1.34B

1.53B

2.09B

1.95B

2.15B

2.38B

2.63B

2.9B

Total Cash %

16.23

12.41

8.47

10.8

14.87

12.56

12.56

12.56

12.56

Receivables

2.94B

2.92B

2.48B

3.13B

2.84B

3.31B

3.65B

4.03B

4.45B

4.91B

Receivables %

28.87

19.65

15.73

22.02

20.18

21.29

21.29

21.29

21.29

Inventories

1.29B

1.53B

1.69B

1.31B

1.25B

1.61B

1.78B

1.96B

2.17B

2.39B

Inventories %

12.65

10.34

10.68

9.25

8.88

10.36

10.36

10.36

10.36

Payable

2.27B

2.24B

2.15B

2.55B

2.03B

2.59B

2.86B

3.16B

3.49B

3.85B

Payable %

22.35

15.09

13.58

17.93

14.43

16.68

16.68

16.68

16.68

Cap Ex

-501M

-668M

-723M

-832M

-653M

-761.94M

-841.04M

-928.36M

-1.02B

-1.13B

Cap Ex %

-4.93

-4.5

-4.58

-5.86

-4.64

-4.9

-4.9

-4.9

-4.9

Weighted Average Cost Of Capital

Price

25.62

Beta

Diluted Shares Outstanding

224.8M

Costof Debt

4.06

Tax Rate

After Tax Cost Of Debt

3.06

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

4.16B

Total Equity

5.76B

Total Capital

9.92B

Debt Weighting

41.95

Equity Weighting

58.05

Wacc

6.5

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

10.16B

14.84B

15.8B

14.2B

14.09B

15.55B

17.16B

18.94B

20.91B

23.08B

Ebitda

1.58B

1.69B

1.64B

1.67B

1.3B

1.81B

2B

2.21B

2.44B

2.69B

Ebit

1.05B

916M

1.08B

1.09B

623M

1.1B

1.22B

1.35B

1.48B

1.64B

Tax Rate

24.72

24.72

24.72

24.72

24.72

24.72

24.72

24.72

24.72

24.72

Ebiat

547.2M

623.44M

775.68M

686.81M

468.98M

728.35M

803.97M

887.44M

979.57M

1.08B

Depreciation

530M

772M

552M

582M

673M

708.61M

782.18M

863.38M

953.02M

1.05B

Receivables

2.94B

2.92B

2.48B

3.13B

2.84B

3.31B

3.65B

4.03B

4.45B

4.91B

Inventories

1.29B

1.53B

1.69B

1.31B

1.25B

1.61B

1.78B

1.96B

2.17B

2.39B

Payable

2.27B

2.24B

2.15B

2.55B

2.03B

2.59B

2.86B

3.16B

3.49B

3.85B

Cap Ex

-501M

-668M

-723M

-832M

-653M

-761.94M

-841.04M

-928.36M

-1.02B

-1.13B

Ufcf

-1.37B

466.44M

788.68M

568.81M

320.98M

408.86M

503.4M

555.66M

613.35M

677.03M

Wacc

6.5

6.5

6.5

6.5

6.5

Pv Ufcf

383.91M

443.83M

460M

476.77M

494.15M

Sum Pv Ufcf

2.26B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

6.5

Free Cash Flow T1

697.34M

Terminal Value

19.91B

Present Terminal Value

14.53B

Intrinsic Value

Enterprise Value

16.79B

Net Debt

2.07B

Equity Value

14.72B

Diluted Shares Outstanding

224.8M

Equity Value Per Share

65.48

Projected DCF

65.48 0.609%

DCF Levered

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