PHINIA Inc. (PHIN)
NYSE:PHIN
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PHINIA Inc.
(NYSE:PHIN)
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Rating:70Outperform
Price Target:
$86.00
▲(17.55% Upside)
Action:Upgraded
Date:05/29/26
PHIN scores 70 driven primarily by solid financial performance (notably improving cash flow and manageable leverage) and constructive technicals (price above major moving averages with positive MACD). The reiterated guidance and generally positive earnings-call tone add support, while compressed margins versus 2022 and a middling valuation/dividend profile temper the score.
Positive Factors
Improving cash generation
Sustained improvement in operating cash flow and sharply higher free cash flow provide durable funding for capex, working capital and returns. Strong FCF coverage (~0.82x earnings) increases financial flexibility and lowers reliance on external financing across economic cycles.
Negative Factors
Compressed profitability vs 2022
Material decline in net margin and ROE versus the 2022 peak indicates weaker earnings conversion and lower capital efficiency. Persistently lower profitability reduces buffer against downturns, limits reinvestment capacity and makes long-term return targets harder to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Sustained improvement in operating cash flow and sharply higher free cash flow provide durable funding for capex, working capital and returns. Strong FCF coverage (~0.82x earnings) increases financial flexibility and lowers reliance on external financing across economic cycles.
Read all positive factors
PHINIA Inc. (PHIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.87B
Dividend Yield1.77%
Average Volume (3M)320.31K
Price to Earnings (P/E)21.2
Beta (1Y)1.08
Revenue Growth6.86%
EPS Growth104.75%
CountryUS
Employees12,700
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)3.64
Shares Outstanding37,020,557
10 Day Avg. Volume275,073
30 Day Avg. Volume320,305
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)1.55
Price to Sales (P/S)0.71
P/FCF Ratio13.10
Enterprise Value/Market Cap1.25
Enterprise Value/Revenue1.00
Enterprise Value/Gross Profit4.65
Enterprise Value/Ebitda8.20
Forecast
1Y Price Target
$92.00Price Target Upside25.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)6.05
Revenue Forecast (FY)$3.64B
PHINIA Inc. Business Overview & Revenue Model
Company Description
PHINIA Inc. develops and manufactures gasoline and diesel fuel injection components and systems. The company also sells products and services to independent aftermarket customers and original equipment service customers with new and remanufactured...
How the Company Makes Money
PHINIA primarily makes money by selling engineered components and systems for vehicle and industrial powertrain applications. The core revenue stream is the sale of fuel-system products (such as fuel injection equipment and related fuel delivery c...
PHINIA Inc. Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Positive
The call presented multiple clear financial and operational positives: double-digit headline revenue growth, strong adjusted EBITDA expansion, significant EPS improvement, robust cash generation and shareholder returns, disciplined capital allocation, and meaningful new business wins that broaden end-market exposure. Offsetting these positives were near-term mix pressures from ramping programs in Fuel Systems, trade and tariff complexities, and some regional/end-market variability. Management reiterated full-year guidance and emphasized operational discipline and liquidity, suggesting confidence in execution. Overall, the favorable financial results, strong cash returns, and portfolio diversification outweigh the manageable near-term headwinds.Positive Updates
Revenue Growth
Total net sales of $878 million in Q1, up 10.3% year-over-year; excluding FX impacts and SEM contribution, revenue increased 3.6%.
Negative Updates
Mix Pressure and Program Ramps in Fuel Systems
Negative mix in Fuel Systems due to several launching programs in Europe and Asia-Pacific that have not reached full ramp; management expects flow-through pressure to persist for another quarter or so and may take ~1 year to fully normalize.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Total net sales of $878 million in Q1, up 10.3% year-over-year; excluding FX impacts and SEM contribution, revenue increased 3.6%.
Read all positive updates
Company Guidance
PHINIA reiterated 2026 guidance of $3.5–$3.7 billion in revenue (midpoint implies mid‑single‑digit growth inclusive of FX; excluding FX = low‑single‑digit), adjusted EBITDA of $485–$525 million (13.7%–14.3% margin), adjusted free cash flow of $200–$240 million, and an adjusted tax rate of 30%–34%. In Q1 context management reported $878 million of net sales, $115 million of adjusted EBITDA (13.1% margin), adjusted EPS of $1.29, cash of $328 million and total liquidity of $808 million (≈$0.5 billion available capacity), net leverage of 1.4x (near a 1.5x target), capex at 3.6% (below a 4% target), and returned $67 million to shareholders in the quarter ($56M buybacks, $11M dividends) with $258 million remaining on the repurchase authorization and over $600 million returned since the July 2023 spin‑off. Management cautioned the outlook excludes potential policy or tariff changes (tariff pass‑throughs are expected roughly flat) and noted any IEEPA refunds would affect revenue but not EBITDA.PHINIA Inc. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
64
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.56B | 3.48B | 3.40B | 3.50B | 3.35B | 3.23B |
| Gross Profit | 770.00M | 727.00M | 726.00M | 692.00M | 722.00M | 675.00M |
| EBITDA | 436.00M | 437.00M | 446.00M | 433.00M | 545.00M | 424.00M |
| Net Income | 141.00M | 130.00M | 79.00M | 102.00M | 262.00M | 152.00M |
Balance Sheet | ||||||
| Total Assets | 3.80B | 3.82B | 3.77B | 4.04B | 4.07B | 4.18B |
| Cash, Cash Equivalents and Short-Term Investments | 328.00M | 359.00M | 484.00M | 365.00M | 251.00M | 259.00M |
| Total Debt | 1.04B | 1.02B | 1.04B | 864.00M | 1.13B | 1.14B |
| Total Liabilities | 2.25B | 2.23B | 2.19B | 2.15B | 2.43B | 2.47B |
| Stockholders Equity | 1.55B | 1.59B | 1.57B | 1.89B | 1.64B | 1.71B |
Cash Flow | ||||||
| Free Cash Flow | 273.00M | 188.00M | 203.00M | 100.00M | 196.00M | 1.00M |
| Operating Cash Flow | 325.00M | 312.00M | 308.00M | 250.00M | 303.00M | 147.00M |
| Investing Cash Flow | -129.00M | -132.00M | -101.00M | -150.00M | -105.00M | -140.00M |
| Financing Cash Flow | -243.00M | -310.00M | -96.00M | 20.00M | -185.00M | -44.00M |
PHINIA Inc. Technical Analysis
Positive
73.16
Price Trends
72.71
Positive
71.54
Positive
63.70
Positive
Market Momentum
0.95
Positive
55.88
Neutral
78.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PHIN, the sentiment is Positive. The current price of 73.16 is below the 20-day moving average (MA) of 76.67, above the 50-day MA of 72.71, and above the 200-day MA of 63.70, indicating a bullish trend. The MACD of 0.95 indicates Positive momentum. The RSI at 55.88 is Neutral, neither overbought nor oversold. The STOCH value of 78.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PHIN.
PHINIA Inc. Risk Analysis
PHINIA Inc. disclosed 30 risk factors in its most recent earnings report. PHINIA Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
PHINIA Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $7.36B | 13.83 | 10.41% | 2.63% | 2.86% | 17.30% | |
74 Outperform | $3.18B | 19.20 | 11.08% | 0.57% | -2.04% | -43.19% | |
70 Outperform | $2.87B | 21.20 | 8.88% | 1.77% | 6.86% | 104.75% | |
68 Neutral | $6.23B | 18.08 | -42.77% | 1.49% | 7.36% | 34.94% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $1.86B | 30.73 | 3.37% | ― | 3.85% | ― | |
53 Neutral | $3.91B | -24.02 | -12.67% | 1.70% | -23.37% | -131.29% |
* Consumer Cyclical Sector Average
PHIN
PHINIA Inc.
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LEA
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ADNT
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46.63%
GTX
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215.03%
PHINIA Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
PHINIA Shareholders Endorse Board, Pay and Auditor Choices
Positive
May 28, 2026
At PHINIA Inc.’s annual meeting of shareholders held on May 22, 2026, investors elected eight director nominees to serve until the next annual meeting, reinforcing continuity in the company’s board leadership. Shareholders also approve...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.