Adient: The Unimpacted Negative FCF Highlights The Structural Issues
Adient's China strategy eroded margins, with Asia margins dropping over 300 bps and FCF turning negative absent timing benefits. Read more on ADNT stock here.
Quick take
Read original at Seeking Alpha Adient remains a hold with a revised price target of $18.5/share due to structural and execution risks. The company's China strategy has eroded margins, with Asia margins dropping over 300 bps and free cash flow turning negative. Net debt exceeds market cap, at $1.7B vs $1.56B.
Summarised by netranta from Seeking Alpha. Open the original for the full story.
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