Stoneridge (SRI)
NYSE:SRI
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Stoneridge
(NYSE:SRI)
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Rating:55Neutral
Price Target:
$8.00
▲(15.77% Upside)
Action:Reiterated
Date:06/04/26
Overall score reflects pressured financial fundamentals (continued losses, elevated leverage, and weaker TTM free cash flow) partially offset by improving operational momentum and guidance signals from the latest earnings call, plus supportive technical trends with the stock trading above key moving averages.
Positive Factors
MirrorEye product momentum & program awards
MirrorEye's accelerating sales and production scale, coupled with multi‑year OEM awards, strengthen Stoneridge's product moat. Scale reduces unit costs, increases bargaining leverage with OEMs, and creates a pipeline of contracted future revenue that supports multi‑year top‑line growth and higher content per vehicle.
Negative Factors
Elevated leverage and thin equity
Leverage near parity with equity constrains strategic flexibility and heightens covenant and refinancing risk, particularly given upcoming facility maturities. Thin equity from historical losses reduces the cushion against shocks and limits the firm's ability to finance R&D or absorb delays in program ramps without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
MirrorEye product momentum & program awards
MirrorEye's accelerating sales and production scale, coupled with multi‑year OEM awards, strengthen Stoneridge's product moat. Scale reduces unit costs, increases bargaining leverage with OEMs, and creates a pipeline of contracted future revenue that supports multi‑year top‑line growth and higher content per vehicle.
Read all positive factors
Stoneridge (SRI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$211.48M
Dividend YieldN/A
Average Volume (3M)140.76K
Price to Earnings (P/E)―
Beta (1Y)2.00
Revenue Growth-9.34%
EPS Growth-539.67%
CountryUS
Employees4,450
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-4.07
Shares Outstanding28,235,245
10 Day Avg. Volume150,599
30 Day Avg. Volume140,758
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.90
Price to Sales (P/S)0.19
P/FCF Ratio13.22
Enterprise Value/Market Cap1.45
Enterprise Value/Revenue0.38
Enterprise Value/Gross Profit1.91
Enterprise Value/Ebitda-17.15
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.26
Revenue Forecast (FY)$624.78M
Stoneridge Business Overview & Revenue Model
Company Description
Stoneridge, Inc. engineers and manufactures specialized electrical and electronic components, modules, and integrated systems for a broad spectrum of vehicle markets, including automotive, commercial, off-highway, motorcycle, and agricultural sect...
How the Company Makes Money
Stoneridge primarily makes money by selling engineered electronic/vision/telematics and control-system products to vehicle manufacturers and, in some cases, to other tier suppliers and aftermarket channels. Revenue is largely generated under suppl...
Stoneridge Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful operational progress: sequential revenue growth (+9.2%), significant margin expansion (+400 bps gross margin), strong product momentum (MirrorEye records and 150k systems produced), major multi-year program awards (~$135M lifetime), and material balance sheet improvement (~$42M net debt reduction). However, material near-term headwinds remain from weak commercial vehicle end markets, modest absolute profitability (Q1 adjusted EBITDA $2M), some reliance on contract manufacturing revenue, and persistent macro/geopolitical risks. On balance, the positives around execution, product wins, margin improvement and cash/debt reduction significantly outweigh the lowlights, though risks remain that will require continued execution.Positive Updates
Quarterly Revenue Growth and Market Outperformance
First quarter revenue of $160.8M grew 9.2% versus Q4 2025 and outperformed the company's weighted average OEM end market, which declined 9.1% over the same period.
Negative Updates
Weak Commercial Vehicle End Markets and Reduced Industry Forecasts
Commercial vehicle production remains at low levels: North America at the bottom of a deep downcycle and Europe normalizing. IHS production forecasts were cut from +7.1% to only +1.8% for the weighted average OEM end market, reflecting continued market softness.
Read all updates
Q1-2026 Updates
Positive
Negative
Quarterly Revenue Growth and Market Outperformance
First quarter revenue of $160.8M grew 9.2% versus Q4 2025 and outperformed the company's weighted average OEM end market, which declined 9.1% over the same period.
Read all positive updates
Company Guidance
Stoneridge reaffirmed its base 2026 outlook but updated guidance to reflect $20 million of incremental contract manufacturing revenue, raising full‑year revenue guidance to $645–$670 million and narrowing adjusted operating margin to approximately breakeven to 0.5%; adjusted EBITDA guidance remains $20–$25 million (3.1%–3.7% of sales). Management noted Q1 sales of $160.8 million (including $3.8 million of Mexico contract manufacturing), expects Q2 revenue to be slightly above Q1, and anticipates EBITDA improvement in H2 versus H1 as material and structural cost benefits ramp. They reiterated a $5 million structural cost‑reduction target for 2026, flagged net debt improvement of roughly $42 million and a ~$16 million year‑over‑year inventory reduction, and cited an updated weighted‑average OEM production forecast of +1.8% for 2026 (versus prior 7.1%).Stoneridge Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
38
Negative
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 804.22M | 861.26M | 908.29M | 975.82M | 899.92M | 770.46M |
| Gross Profit | 160.66M | 164.04M | 189.25M | 202.10M | 174.93M | 166.86M |
| EBITDA | -17.87M | -9.38M | 35.84M | 45.06M | 31.18M | 52.10M |
| Net Income | -113.40M | -102.83M | -16.52M | -5.18M | -14.06M | 3.41M |
Balance Sheet | ||||||
| Total Assets | 512.30M | 551.19M | 621.56M | 679.90M | 652.11M | 665.40M |
| Cash, Cash Equivalents and Short-Term Investments | 70.54M | 66.25M | 71.83M | 40.84M | 54.80M | 85.55M |
| Total Debt | 162.66M | 189.96M | 212.05M | 203.01M | 179.85M | 184.12M |
| Total Liabilities | 355.17M | 371.41M | 376.30M | 392.18M | 371.16M | 369.45M |
| Stockholders Equity | 157.14M | 179.78M | 245.26M | 287.72M | 280.94M | 295.95M |
Cash Flow | ||||||
| Free Cash Flow | -8.19M | 12.17M | 23.45M | -33.55M | -24.80M | -63.28M |
| Operating Cash Flow | 8.43M | 34.02M | 47.75M | 4.95M | 6.81M | -36.25M |
| Investing Cash Flow | 42.43M | -21.82M | -24.47M | -36.98M | -28.58M | 28.04M |
| Financing Cash Flow | -50.00M | -25.30M | 11.12M | 17.48M | -7.30M | 22.88M |
Stoneridge Technical Analysis
Positive
6.91
Price Trends
6.91
Positive
6.95
Positive
6.80
Positive
Market Momentum
0.14
Positive
56.75
Neutral
68.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRI, the sentiment is Positive. The current price of 6.91 is below the 20-day moving average (MA) of 7.37, below the 50-day MA of 6.91, and above the 200-day MA of 6.80, indicating a bullish trend. The MACD of 0.14 indicates Positive momentum. The RSI at 56.75 is Neutral, neither overbought nor oversold. The STOCH value of 68.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SRI.
Stoneridge Risk Analysis
Stoneridge disclosed 27 risk factors in its most recent earnings report. Stoneridge reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Stoneridge Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $328.91M | 12.74 | 10.75% | ― | 4.22% | 23.13% | |
63 Neutral | $136.97M | 3.13 | 11.39% | ― | 17.64% | 42.96% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $281.03M | 22.38 | 0.75% | ― | 4.28% | ― | |
59 Neutral | $188.45M | -10.08 | -12.93% | ― | -11.44% | 50.49% | |
55 Neutral | $211.48M | -1.87 | -53.45% | ― | -9.34% | -539.67% | |
52 Neutral | $312.96M | 12.68 | 5.30% | ― | 1.87% | ― |
* Consumer Cyclical Sector Average
SRI
Stoneridge
7.59
1.48
24.22%
CAAS
China Automotive Systems
4.45
0.11
2.53%
CVGI
Commercial Vehicle Group
5.18
3.85
289.47%
MPAA
Motorcar Parts Of America
14.54
4.38
43.11%
STRT
Strattec Security
78.12
18.79
31.67%
HLLY
Holley
2.50
0.43
20.77%
Stoneridge Corporate Events
Business Operations and StrategyExecutive/Board Changes
Stoneridge Appoints Scott Humphrey as New Chief Financial Officer
Positive
Jun 3, 2026
On June 3, 2026, Stoneridge, Inc. announced that its board appointed veteran finance executive Scott R. Humphrey as chief financial officer and treasurer, effective June 8, 2026, with interim CFO Robert J. Hartman, Jr. returning full-time to his r...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Stoneridge Shareholders Approve Directors, Auditor and Incentive Plan
Positive
May 26, 2026
At Stoneridge’s Annual Meeting of Shareholders held on May 19, 2026, investors elected nine directors to one-year terms and ratified Ernst Young LLP as the company’s independent registered public accounting firm for the year ending De...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Stoneridge Reports Q1 2026 Results, Raises Outlook
Positive
May 7, 2026
Stoneridge reported first-quarter 2026 sales of $160.8 million, up 9.2% from the fourth quarter of 2025, with gross profit of $35 million and adjusted EBITDA of $2 million, while still posting an adjusted net loss of $20.9 million and an operating...
Business Operations and StrategyFinancial Disclosures
Stoneridge’s MirrorEye System Achieves Record Q1 2026 Sales
Positive
Apr 28, 2026
On April 28, 2026, Stoneridge reported that its MirrorEye Camera Monitor System achieved record global sales in the first quarter of 2026, with revenue up about 10% from the prior quarter, driven by strong adoption in European OEM truck programs a...
Executive/Board Changes
Stoneridge Names Interim CFO Amid Leadership Transition
Neutral
Mar 23, 2026
Stoneridge, Inc. announced that Chief Financial Officer and Treasurer Matt Horvath, whose resignation was previously disclosed, will step down effective March 31, 2026, marking a significant transition in the company’s financial leadership. ...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
Stoneridge Details 2025 Results and Strategic Refocus Plan
Negative
Mar 12, 2026
On March 11, 2026, Stoneridge reported fourth-quarter 2025 sales of $205.2 million and a net loss of $76.9 million, heavily impacted by a $21.6 million impairment of its Control Devices assets and $44.5 million in tax valuation allowances, while a...
Business Operations and StrategyPrivate Placements and Financing
Stoneridge Amends Credit Agreement to Extend Facility
Positive
Mar 12, 2026
On March 6, 2026, Stoneridge, Inc. executed Amendment No. 3 to its Fifth Amended and Restated Credit Agreement, which amends and restates the credit facility from December 31, 2025 through a new termination date of July 1, 2027 and extends the fac...
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.