Valeo SA

Valeo SA

Valeo SA

Overview
Date Founded

1923

Headquarters

43, rue Bayen, Paris, 75017, FRA

Type of Company

Public

Employees (Worldwide)

112K

Industries

Automobiles
Auto Parts & Tires

Company Description

Valeo SA is engaged in the design, production, and sale of components, integrated systems, and modules for the automobile industry. It operates through following business segments: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems and Visibility Systems. The Powertrain Systems segment deals with electrical, transmission, engine management, air management, and hybrid/electric vehicle systems. The Thermal Systems segment manufactures systems, modules, and components for climate control and front-end modules. The Comfort and Driving Assistance Systems segment develops interior controls, driving assistance, interior electronics, and access mechanisms. The Visibility Systems segment manufactures lighting and wiper systems. The company was founded on February 10, 1923 and is headquartered in Paris, France.

Website
Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

General Counsel

Chief Ethics & Compliance Officer

President, Visibility Systems Business Group

Director, South America

National Director, Spain/Portugal

National Director, North America

National Director, Russia

Board of Directors

Chief Executive Officer at Valeo SA

Former President & Managing Director of Exxon Mobil Norway & Secretary of Mobil Corporation at Exxon Mobil Corporation

Partner at Kramer Levin Naftalis & Frankel LLP

Former General Partner at AllianceBernstein LP

Deputy Chief Executive Officer Chief Technology & Innovation Officer at Orange SA

Managing Partner at Cathay Capital Private Equity SAS

Former Vice Chief Executive Officer at Renault SA

Chief of Staff at European Aeronautic Defence & Space France SAS

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Owners & Shareholders
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Harris Associates uses a value investment philosophy in selecting equity and equity-like securities of U.S. and non-U.S. issuers. This investment philosophy is based upon the belief that, over time, a company’s stock price converges with the company’s intrinsic or true business value. The firm's investment philosophy spans across large, mid and small cap companies. In addition, in connection with certain investment strategies that have direct or indirect foreign currency exposure, Harris may hedge a client’s exposure to such currencies. The firm's discretionary investment advisory services include a variety of investment strategies from which clients may select. These strategies include U.S. equity, U.S. concentrated equity, U.S. mid cap equity, balanced, equity and income, global all cap equity, global equity, global concentrated equity, international equity, international small cap equity, and Japan equity. Harris also provides variations of certain of these strategies to accommodate, among other things, currency hedging or country exclusions. The firm also provides U.S. equity and balanced portfolios to private clients. In connection with their balanced and equity and income strategies, Harris provides investment advice regarding a wide range of debt securities issued by U.S. and non-U.S. governments, government-sponsored entities, municipalities, international agencies and corporations. The debt securities portion of the balanced and equity and income strategies should, in Harris’ opinion, complement the strategies’ equity holdings. Harris aims for preservation of capital and generation of income in the debt portion of the strategies. In general, Harris selects what they believe are debt securities of high quality (typically U.S. Treasury and Agency securities, non-U.S. government securities, or highly-rated municipal and corporate securities) and short-to-intermediate maturities. Harris may also invest in medium and lower-grade debt securities.

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Alken is an active, pragmatic and opportunistic manager which seeks to add value by identifying companies that are selling at a discount of more than 30% relative to their intrinsic value. They invest through their funds in companies that are headquartered in Europe, have a majority of their assets or other interests in Europe, or which conduct the majority of their activity in or from Europe. The firm manages European equity portfolios, focusing on companies with a combination of high or growing ROCE and sales growth potential. They believe long term out-performance is best achieved through stock-picking and portfolio construction skills.Alken monitors equity market valuations as a comparison to their stockpicking analysis.

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ABL is a research-driven, GARP-oriented manager which utilizes a bottom-up stock selection approach and performs fundamental research, seeking to invest in companies with sustainable fundamental growth and attractive valuation. Their portfolios are actively traded to capitalize on the volatility in individual stocks and the overall market.The firm offers a comprehensive range of investment services across regions and along the risk-and-return spectrum including style-pure growth equities and value equities, style blend equities, fixed-income, index and structured services, alternative investments and customized and packaged multiasset-class solutions.

Recent Transactions
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Raicam Industrie SRL Unipersonale purchases Valeo SA /Hydraulic Actuation Division from Valeo SA

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Valeo SA purchases FTE Verwaltungs GmbH from Bain Capital Private Equity LP

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Valeo SA, Ichikoh Industries Ltd. purchase PT Ichikoh Indonesia from PT Pioneer

Transaction Advisors
Accountant

Advised onValeo SA purchases Johnson Controls, Inc. /Engine Electronics Business from Johnson Controls, Inc.

Accountant

Advised onValeo SA purchases Valeo Climatisation SA from Robert Bosch GmBH

Legal Advisor

Advised onValeo SA purchases Electrical Systems from ITT Corporation

Attorney

Advised onValeo SA purchases FTE Verwaltungs GmbH from Bain Capital Private Equity LP

Attorney

Advised onValeo SA purchases FTE Verwaltungs GmbH from Bain Capital Private Equity LP

Attorney

Advised onValeo SA purchases FTE Verwaltungs GmbH from Bain Capital Private Equity LP

Advisors & Consultants
Legal Advisor

Partner at Crowell & Moring LLP

Clients

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive and Financial Services. The Automotive segment engages in designing, manufacturing, marketing and servicing of Ford cars, trucks, SUVs, and electrified vehicles, as well as Lincoln luxury vehicles. The Financial Services segment consists of Ford Credit, which offers automotive financing products to and through automotive dealers. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks, and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Hyundai Motor Co., Ltd. engages in the manufacture and distribution of motor vehicles and parts. It operates through the following business areas: Vehicle, Financial and Others. The Vehicle division offers motor vehicles. The Financial division provides financing, leasing and credit cards. The Other division includes manufacture of railways. The company was founded on December 29, 1967 and is headquartered in Seoul, South Korea.

Key Stats and Financials As of 2017
Market Capitalization
$9.86B
Total Enterprise Value
$17.4B
Earnings Per Share
$3.72
Revenue
$18.6B
Net Profit
$886M
Enterprise Value Sales
0.94x
TEVNet Income
19.65x
Debt TEV
0.24x
Total Debt
$4.24B
Total Equity
$5.06B
EBITDAMargin
12.7%
Enterprise Value EBITDAOperating
7.39x
EBITDA
$2.36B
Three Year Compounded Annual Growth Rate Of Revenue
13.39%
Five Year Compounded Annual Growth Rate Of Revenue
9.55%
Investments
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Navya SA engages in the manufacture of electric and autonomous vehicles. It operates through the Autonom Shuttle and Autonom Cab segments. The Autonom Shuttle segment aims to target private sites such as industrial sites, airports, university campuses, theme parks and other sites. The Autonom Cab segment includes designs for open roads intended for ride hailing companies, car rental groups, and fleet operators. The company was founded by Christophe Sapet on June 4, 2014 and is headquartered in Villeurbanne, France.

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Aledia SAS develops and manufactures light-emitting diodes. Its products are based on 3D architecture using gallium-nitride-on-silicon microwires. The firm's technology uses silicon wafers and existing complementary metal-oxide semiconductor wafer-fabrication processes and tools, enabling production of LED chips. The company was founded by Giorgio Anania, Philippe Gilet, and Xavier Hugon in 2011 and is headquartered in Grenoble, France.

Suppliers
Littelfuse, Inc. Internet Software & Services | Chicago, Illinois

Littelfuse, Inc. engages in supplying of circuit protection products for the electronics, automotive and electrical industries. It offers electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems, as well as protection relays and power distribution centers for the safe control and distribution of electricity. It operates through the following segments: Electronics, Automotive, and Electrical. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions. The Automotive segment maintains a direct sales force to service all the major automotive OEMs and system suppliers domestically. The Electrical segment markets and sells its power fuses and protection relays through the manufacturer's representatives across North America. The company was founded by Edward V. Sundt in 1927 and is headquartered in Chicago, IL.

Fabrinet Equipment & Office Supplies | George Town, GT

Fabrinet is a provider of foundry services to optics OEMS. We manufacture, assemble, and test products for customers at our main manufacturing facilities in Bangkok, Thailand. We design and manufacture our own bulk optical materials and components at our facilities in Fuzhou, the People’s Republic of China, and New Jersey, USA. We use a variety of optical and electro-mechanical process technologies licensed for use by our customers or developed by us in-house. In addition, we use a number of internally developed operational systems which we believe provide our customers with improved efficiencies.

Jabil, Inc. Computer Software | St. Petersburg, FL

Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The company operates through the Electronics Manufacturing Services and Diversified Manufacturing Services segments. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. Jabil was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.

Competitors
Koito Manufacturing Co., Ltd. Auto Parts & Tires - Tokyo, TY

The KOITO GROUP produces automotive lighting equipment in Japan and nine other countries covering the four major regions of the world (Japan, North America, Europe, and Asia), thus serving customers all around the world as a global supplier. Being committed to satisfying our customers, we are making a concerted effort to strengthen the GROUP’s ability by focusing on Development, Quality, Cost, Delivery, and Speed (DQCDS), to develop and provide safe and environment-friendly products. KOITO, with our corporate message “Lighting for Your Safety”, will continue to contribute to a safer, better society by developing not only automotive lighting equipment, but also all other transport equipment and system, such as aerospace and shipping. To remain the leading company in the automotive lighting equipment industry in the 21st century, we will continue to deliver the newest and best technologies, improve the performance and quality of our products, cultivate our employees, and always: “Adopt the perspective of customers to supply products and services that meet their expectations.

Fiat Chrysler Automobiles NV Automobiles - London, LO

Fiat Chrysler Automobiles NV engages in the design, engineering, manufacturing, distribution and sale of automobiles and light commercial vehicles, engines, transmission systems, automotive-related components, metallurgical products and production systems. It operates through the following segments: North American Free Trade Agreement, Latin America, Asia-Pacific, Europe, the Middle East & Africa, Maserati, and Components. The NAFTA segment engages in the designing, engineering, development, manufacturing, distributing and selling of automobiles under the Chrysler, Jeep, Dodge, Ram and Fiat brand names, vehicles with the SRT performance designation and from sales of the related parts and accessories in the United States, Canada and Mexico. The LATAM segment sells passenger cars and light commercial vehicles and related spare parts under the brand names, Fiat and Fiat in South and Central America and it also provides financial services in Brazil and Argentina. The APAC segment offers cars, engines and transmissions and related spare parts under the Chrysler group and Fiat brands in China, Japan, Australia and India. The EMEA segment designs, develops and sells passenger cars and light commercial vehicles under the Fiat, Alfa Romeo, Lancia, Chrysler, Abarth and Fiat Professional and the sale of the related spare parts in Europe, Middle East and Africa. The Maserati segment manufactures, designs, engineers distribution and sale of luxury vehicles under the Maserati brand. The Components segments includes production and sale of lighting components, body control units, suspensions, shock absorbers, electronic systems, and exhaust systems, and others. The company was founded on April 1, 2014 and is headquartered in London, the United Kingdom.

Hanon Systems Auto Parts & Tires - Daejeon, DE

Hanon Systems engages in the manufacture of automotive air-conditioning systems and modules. It operates through the following business divisions: airconditiong systems and components. The airconditioning system offers cyber air conditioning system. The components provide heating and airconditiong system, front-end-module, cooling module, inter cooler, compressor, air-filter, controller, heat exchanger, hose and pipe and ion cluster. It was founded on March 11, 1986 and is headquartered in Daejeon, South Korea.