Sensata Technologies Holding PLC at Wolfe Research Global Auto, Auto Tech, and Mobility Conference Transcript
Okay. Thanks a lot. Excited for the next session here with Sensata, the premier supplier of measurement devices to a variety of industries. They produce well over 1 billion parts per year, $3.5 billion of revenue in 2019 with a very strong operating margin of 23% and really good free cash flow conversion. Market cap is around $7 billion. The business is quite diversified. A little bit below 60% of the revenue goes into light vehicle auto; around 16%, heavy vehicle and off road; 10%, industrial applications like factory automation; 6%, appliance and HVAC; and 5%, aerospace. And the growth has been really brisk. At its 2017 Analyst Day, Sensata projected revenue growth at 4 to 6 points above market. And they've been consistently achieving that since.
We've been covering this company since October and have found quite a bit of controversy around the name, largely around the sustainability of content growth and whether electrification is good for Sensata or not. Some think EVs will have less relevant, high-value
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