Stoneridge, Inc.

SRI

Consumer CyclicalAuto - PartsNYSE

$7.63

Market Cap: $215.43M

Stoneridge, Inc. (SRI) Valuation Summary

Updated May 11, 2026 16:00

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$2.29 – $39.50	$4.93	-35.4%
Revenue DCF 10Y	$3.37 – $40.49	$6.05	-20.7%
▸ Trading Multiples
EV/Revenue	$11.72 – $85.31	$16.46	+115.7%

Valuation History

DCF Analysis

Stoneridge, Inc. (SRI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$6.05

Market Price

$7.63

Upside / Downside

-20.7%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -2.0% to a target of 7.7% over 5 years, discounted at a WACC of 7.8%, Stoneridge, Inc. (SRI) has an intrinsic value of $6.05 per share (range: $3.37 – $40.49).

Key Assumptions

Current Operating Margin

-2.0%

Target Operating Margin

7.7%

WACC

7.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.2%

Target CapEx/Rev

6.0%

D&A/Revenue

3.9%

Tax Rate

40.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	625	-27.5%	-0.0%	-0	-0	24	(22)	-37	40	38
2027	654	4.7%	1.9%	12	7	26	(25)	7	1	1
2028	673	2.8%	3.8%	26	16	26	(27)	4	10	8
2029	692	2.8%	5.8%	40	24	27	(30)	4	17	13
2030	711	2.8%	7.7%	55	33	28	(33)	5	23	17
2031	732	2.9%	7.7%	56	34	29	(36)	5	22	15
2032	753	2.9%	7.7%	58	35	29	(39)	5	20	13
2033	775	2.9%	7.7%	60	36	30	(42)	5	19	11
2034	797	2.9%	7.7%	62	37	31	(46)	5	17	9
2035	821	3.0%	7.7%	63	38	32	(49)	5	15	8

Enterprise Value Bridge

Sum of PV(FCFF)132

Terminal Value (Gordon Growth at 3.0%)328

PV of Terminal Value160

Enterprise Value292

(–) Net Debt124

Equity Value168

(÷) Shares Outstanding28

Fair Value per Share$6.05

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
5.8%	$-5	$-2	$12	$26	$40
6.8%	$-5	$-2	$8	$19	$29
7.8%	$-5	$-2	$6	$14	$22
8.8%	$-5	$-2	$4	$11	$18
9.8%	$-5	$-2	$3	$9	$14

Current price: $7.63. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 23.1% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Stoneridge, Inc. (SRI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$4.93

Market Price

$7.63

Upside / Downside

-35.4%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-2.0%

Target Operating Margin

7.7%

WACC

7.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.2%

Target CapEx/Rev

6.0%

D&A/Revenue

3.9%

Tax Rate

40.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	625	-27.5%	-0.0%	-0	-0	24	(24)	-37	38	37
2027	654	4.7%	1.9%	12	7	26	(28)	7	-2	-2
2028	673	2.8%	3.8%	26	16	26	(33)	4	5	4
2029	692	2.8%	5.8%	40	24	27	(38)	4	9	7
2030	711	2.8%	7.7%	55	33	28	(43)	5	14	10

Enterprise Value Bridge

Sum of PV(FCFF)55

Terminal Value (Gordon Growth at 3.0%)289

PV of Terminal Value206

Enterprise Value261

(–) Net Debt124

Equity Value137

(÷) Shares Outstanding28

Fair Value per Share$4.93

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
5.8%	$-5	$-3	$11	$25	$40
6.8%	$-5	$-3	$7	$18	$28
7.8%	$-5	$-3	$5	$13	$21
8.8%	$-5	$-3	$3	$10	$17
9.8%	$-5	$-3	$2	$8	$13

Current price: $7.63. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 23.1% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$16.46

Market Price

$7.63

Upside / Downside

+115.7%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Stoneridge, Inc. (SRI) has a fair value of $16.46 based on 7 comparable companies in the Auto - Parts industry.

EV/Revenue Valuation — Auto - Parts

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Stoneridge, Inc.SRI	212	0.4x	0.3x
Designer Brands Inc.DBI	353	0.5x	0.5x
JAKKS Pacific, Inc.JAKK	266	0.5x	0.4x
Studio City International Holdings LimitedMSC	120	3.0x	15.7x
SunCar Technology Group Inc.SDA	109	0.4x	0.4x
America's Car-Mart, Inc.CRMT	108	0.7x	0.7x
Aptera Motors Corp.SEV	64	2.9x	2.9x
Robo.ai Inc.AIIO	13	2.8x	—
Industry Median		0.7x	0.6x
(*) Revenue		861	974
= Enterprise Value		584	579
(-) Net Debt		124	124
Equity Value		460	455
(/) Outstanding shares		28	28
Fair Price		$17	$16

Selected Fair Value (avg of trailing + forward)

$16.46

+115.7%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$2.29 – $39.50

$4.93

-35.4%

Revenue DCF 10Y

$3.37 – $40.49

$6.05

-20.7%

▸ Trading Multiples

EV/Revenue

$11.72 – $85.31

$16.46

+115.7%

DCF Analysis

Stoneridge, Inc. (SRI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$6.05

Market Price

$7.63

Upside / Downside

-20.7%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-2.0%

Target Operating Margin

7.7%

WACC

7.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.2%

Target CapEx/Rev

6.0%

D&A/Revenue

3.9%

Tax Rate

40.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	625	-27.5%	-0.0%	-0	-0	24	(22)	-37	40	38
2027	654	4.7%	1.9%	12	7	26	(25)	7	1	1
2028	673	2.8%	3.8%	26	16	26	(27)	4	10	8
2029	692	2.8%	5.8%	40	24	27	(30)	4	17	13
2030	711	2.8%	7.7%	55	33	28	(33)	5	23	17
2031	732	2.9%	7.7%	56	34	29	(36)	5	22	15
2032	753	2.9%	7.7%	58	35	29	(39)	5	20	13
2033	775	2.9%	7.7%	60	36	30	(42)	5	19	11
2034	797	2.9%	7.7%	62	37	31	(46)	5	17	9
2035	821	3.0%	7.7%	63	38	32	(49)	5	15	8

Enterprise Value Bridge

Sum of PV(FCFF)132

Terminal Value (Gordon Growth at 3.0%)328

PV of Terminal Value160

Enterprise Value292

(–) Net Debt124

Equity Value168

(÷) Shares Outstanding28

Fair Value per Share$6.05

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
5.8%	$-5	$-2	$12	$26	$40
6.8%	$-5	$-2	$8	$19	$29
7.8%	$-5	$-2	$6	$14	$22
8.8%	$-5	$-2	$4	$11	$18
9.8%	$-5	$-2	$3	$9	$14

Current price: $7.63. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 23.1% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$16.46

Market Price

$7.63

Upside / Downside

+115.7%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Stoneridge, Inc. (SRI) has a fair value of $16.46 based on 7 comparable companies in the Auto - Parts industry.

EV/Revenue Valuation — Auto - Parts

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Stoneridge, Inc.SRI	212	0.4x	0.3x
Designer Brands Inc.DBI	353	0.5x	0.5x
JAKKS Pacific, Inc.JAKK	266	0.5x	0.4x
Studio City International Holdings LimitedMSC	120	3.0x	15.7x
SunCar Technology Group Inc.SDA	109	0.4x	0.4x
America's Car-Mart, Inc.CRMT	108	0.7x	0.7x
Aptera Motors Corp.SEV	64	2.9x	2.9x
Robo.ai Inc.AIIO	13	2.8x	—
Industry Median		0.7x	0.6x
(*) Revenue		861	974
= Enterprise Value		584	579
(-) Net Debt		124	124
Equity Value		460	455
(/) Outstanding shares		28	28
Fair Price		$17	$16

Selected Fair Value (avg of trailing + forward)

$16.46

+115.7%