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Supplies automotive seating, interiors, lighting and electronics to automakers worldwide, formed from Faurecia and Hella.
Supplies automotive seating, interiors, lighting and electronics to automakers worldwide, formed from Faurecia and Hella.
Wins a seat, cockpit or lighting contract from an automaker years before a model launches, then ships parts per vehicle built, so volume follows that model's production. The 2022 purchase of Hella added lighting and electronics. It has been selling non-core businesses to cut debt.
Moat: narrow (customer qualification, scale, IP / patents). Scale from the Faurecia-Hella merger and long OEM qualification cycles support sticky supply relationships.
Headquarters: Nanterre, France · Founded: 2022 · Employees: 106,513
Size Forvia (FRVIA.PA) is a France Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.93B, the 109th largest of 206 France companies the cockpit tracks. Shares closed at €8.76 on 6 Nov 2026.
Performance Over six months the shares fell 19.7%, against -21.6% for the median peer and -0.4% for the France market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 31.7% over the last twelve months (peer median +14.8%); the operating margin is 5.4% (peer median 6.3%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 2.4× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.0 points above its cost of capital (6.5% WACC).
Credit Forvia has 10 bonds outstanding ($6.34B), rated BB- by the agencies and trading like BB+ at a weighted spread of 160 bp.
Next results Next results expected around 26 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €18.4B | €21.3B | €21.9B | €27.2B | €24.6B |
| Revenue growth | — | -2% | -20% | +11% | — |
| Gross profit | €2.74B | €2.98B | €2.98B | €3.47B | €2.94B |
| EBITDA | €2.01B | €2.25B | €2.19B | €2.64B | €2.23B |
| Net income | -€1.82B | -€2.09B | -€185M | €228M | -€382M |
| Free cash flow | €2.08B | €1.98B | €1.85B | €1.49B | €1.35B |
| Capital expenditure | €1.15B | €1.33B | €1.67B | €2.18B | €2.09B |
| Total debt | n/a | €9.98B | €11.1B | €11.3B | €12.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Forvia FRVIA.PA | $1.93B | -20% | -32% | 5% | 0.5× | -8.3% |
| Valeo FR.PA | $3.00B | -15% | -2% | 4% | 0.3× | -8.2% |
| Adient ADNT | $1.26B | -28% | +4% | 3% | 0.1× | -17.6% |
| Magna International MG.TO | $16.1B | +4% | 0% | 6% | 0.5× | 0.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FRVIA.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | -4.2% | 7th highest of 21 |
| 6-month return | -19.7% | -21.6% | 11th highest of 21 |
| Distance from 52-week high | -41.7% | -37.0% | 8th lowest of 21 |
| Revenue growth (TTM) | -31.7% | +14.8% | lowest of 21 |
| Operating margin | 5.4% | 6.3% | 10th lowest of 21 |
| EV / Sales | 0.5× | 2.4× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -8.3% | 16.5% | least demanding of 15 |
| Growth delivered (Del g) | +8.1% | +11.0% | 5th lowest of 15 |
| Hurdle (Req g minus delivered) | -16.4 pp | +8.1 pp | 2nd least demanding of 15 |
| ROIC minus cost of capital | +0.0 pp | -0.1 pp | 10th highest of 21 |
| EV / EBITDA | 4.6× | 17.1× | 2nd cheapest of 9 |
| Net debt / EBITDA | 2.8× | 0.8× | most indebted of 9 |
| Bond spread | 160 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Forvia FRVIA.PA | France | $1.93B | -20% | -32% | 5% | 0.5× | -8.3% | +8.1% |
| Ningbo Xusheng 603305.SS | China | $1.98B | -26% | +12% | 7% | 2.3× | 9.2% | +22.1% |
| Visteon VC | United States | $1.87B | -34% | +2% | 5% | 0.5× | 5.3% | +8.1% |
| Foryou 002906.SZ | China | $1.87B | -25% | +28% | 5% | 1.0× | n/a | n/a |
| Shanghai Aerospace Automobile Electromechanical 600151.SS | China | $1.83B | -41% | -19% | -10% | 3.9× | 34.7% | -9.9% |
| Jiangnan Mould & Plastic Technology 000700.SZ | China | $2.05B | +24% | -3% | 5% | 2.0× | 11.9% | +3.1% |
| Tenneco Clean Air India TENNIND.NS | India | $1.81B | -35% | +22% | 14% | 2.7× | 14.4% | +3.8% |
| Ningbo Hengshuai 300969.SZ | China | $2.07B | -4% | +16% | 15% | 12.0× | 43.2% | +22.7% |
| Minda MINDACORP.NS | India | $1.80B | +33% | +33% | 8% | 2.6× | 32.0% | +21.3% |
| Shuanglin 300100.SZ | China | $1.80B | -27% | -11% | 4% | 2.6× | 25.5% | +8.9% |
| SPR Auto Technologies SHRIPISTON.NS | India | $2.10B | +19% | +47% | 14% | 3.5× | 31.3% | +22.9% |
| Gestamp Automocion GEST.MC | Spain | $1.77B | -13% | -3% | 5% | 0.4× | -5.7% | +8.8% |
| Ningbo Jifeng Auto Parts 603997.SS | China | $2.13B | -8% | +21% | 4% | 0.8× | n/a | n/a |
| Autel Intelligent Technology 688208.SS | China | $2.14B | -37% | +14% | 19% | 2.7× | 5.0% | +25.2% |
| Dana DAN | United States | $2.17B | -38% | -9% | 4% | 0.5× | 8.8% | +1.1% |
| Belrise Industries BELRISE.NS | India | $2.19B | -6% | +12% | 8% | 2.1× | 18.6% | +13.0% |
| Hesai 2525.HK | Hong Kong | $2.20B | -39% | +39% | 1% | 2.8× | n/a | n/a |
| Keboda Technology 603786.SS | China | $2.20B | -32% | -1% | 10% | 2.3× | n/a | n/a |
| IKD 600933.SS | China | $2.21B | -16% | +26% | 14% | 2.1× | n/a | n/a |
| Ningbo Zhongda Leader Intelligent Transmission 002896.SZ | China | $1.69B | -18% | +22% | 4% | 9.6× | n/a | n/a |
| Lumax Auto Technologies LUMAXTECH.NS | India | $1.68B | +36% | +33% | 10% | 3.0× | 34.9% | +34.5% |
Forvia has 10 bonds outstanding with $6.34B face value. The agencies rate it BB-; its bonds trade like BB+. Weighted yield 5.32%, a spread of 160 bp over government bonds.