Forvia SE

FRVIA.PA

Auto - Parts · Consumer Cyclical

Price

€9.00

+0.18 (+2.00%)

Market Cap

€1.76B

Exchange

Euronext Paris

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

Dividends

Exceptional

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Share count rising — dilution

+29.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 152.2M (2021) → 197.1M (2025)

Winston Score History

The full picture

Forvia SE is a large French company that makes parts for cars and trucks. It supplies things like seats, exhaust systems, cockpit interiors, and electronic components to major automakers such as Volkswagen, Stellantis, Ford, and Toyota. Forvia was formed when French supplier Faurecia merged with German technology company Hella in 2022, making it one of the largest automotive suppliers in the world.

Forvia earns money by selling parts and systems directly to automakers, mostly under long-term supply contracts tied to vehicle production volumes. It operates globally, with a strong presence in Europe, China, and North America, and generates roughly €27 billion in annual revenue. The company carries a heavy debt load from the Hella acquisition, which is its main financial risk, and its near-term performance depends heavily on whether global car production stays stable as automakers navigate the slow and uneven shift toward electric vehicles.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+56.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+102.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

€838M/ year

↓ Declining (-50% vs prior year)

3.9% of revenue

In line with sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

10.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€4.4B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Forvia SE grew revenue 56% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

14.4%

Thin — 14.4% gross margin

Profit after running costs

Operating Margin

5.3%

Thin — 5.3% operating margin

Return on the money invested

ROCE

11.9%

Below par — 11.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

-8.9%

Shrinking sales (-8.9% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

11.3%

Modest free cash flow (11.3%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

4.56

Heavy debt load (4.56)

Covers its interest

Interest Cover

2.74x

Tight — interest eats into profit (2.7x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

5.56%

Healthy income — 5.56% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+82.0%

Dividend growing fast (82.0% YoY)

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