Gentex Corp
GNTX: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$16.00 | Rffmqd | Rvnddcqy |
Gentex Balance Sheet Remains a Fortress to Get Through Uncertain Times
Business Strategy and Outlook
Gentex manufactures auto-dimming rear- and side-view mirrors that use electrochromic technology. These mirrors automatically darken to eliminate headlight glare for drivers and have many other applications. With over 2,000 patents worldwide, some valid through 2044, and a dominant 91% market share, up from 77% in 2003, Gentex has a narrow economic moat it should be able to protect for a long time, in our opinion.