Folks, what do you think about APTV. one of the world's leading suppliers of automotive electronics, autonomous driving hardware/software and vehicle electrical architecture.
It definitely look like value opportunity with a favorable risk/reward. Stock has more than halved in last 1 year or so. In fact the recent drop of around 40% in just 6 months. I understand EV adoption has dropped to some extent but the long term EV story still holds to me.
PS is down to 6-7x and
P/B is almost 1.1 and
Price to sales is even lower than 1.
Look at any competitor by far, they were all close to each other but for some reason they have lost.
Am I missing something here ?