olivLaw · US equity research
Adient plc ADNT
Motor Vehicle Parts & Accessories · SIC 3714 · Vertical: Motor Vehicle Parts & Accessories (SIC 3714)
Adient plc is one of the largest global suppliers of automotive seating, with operations in 29 countries and customers among nearly all major automakers. The company is going through a difficult period, marked by pressure from Chinese competitors, cost volatility and impairment of assets in Europe, the Middle East and Africa.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Adient plc (ADNT) stock was 17.19 USD (+1.60% on the day), with market capitalisation 1.3 bn USD, P/E 28.5 on diluted EPS of 0.60 USD over the last 12 months, dividend yield 0.00%, beta 1.37, 52-week range 16.61–27.09 USD. Latest reported quarter (Q3 2026): revenue of 3.9 bn USD (+5.0% YoY), net income of 25.0 m USD (−30.6% YoY), diluted EPS 0.32 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 47.7
- neutral
- Bollinger (20, 2)
- 16.47 – 18.18
- in the lower half of the band · %B 0.42 · band width 9.8%
- SMA 50 / 200
- 17.85 / 20.49
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.23 / -0.26
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −0.3% | −1.1% | +0.8 pp | — |
| 3 months | −16.2% | −0.5% | −15.8 pp | — |
| 6 months | −23.0% | +4.4% | −27.4 pp | — |
| Year to date | −10.3% | +12.3% | −22.6 pp | — |
| 1 year | −28.3% | +13.5% | −41.9 pp | −10.8% |
| 3 years | −52.1% | +76.4% | −128.5 pp | +9.8% |
| 5 years | −62.7% | +63.7% | −126.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.6 bn | 3.5 bn | 3.6 bn | 3.7 bn | 3.7 bn | 3.6 bn | 3.9 bn | 3.9 bn |
| Cost of revenue | 3.3 bn | 3.3 bn | 3.4 bn | 3.5 bn | 3.4 bn | 3.4 bn | 3.6 bn | 3.7 bn |
| Gross profit | 245.0 m | 216.0 m | 261.0 m | 237.0 m | 247.0 m | 217.0 m | 257.0 m | 235.0 m |
| SG&A | 124.0 m | 125.0 m | 144.0 m | 129.0 m | 124.0 m | 130.0 m | 138.0 m | 136.0 m |
| Interest expense | 37.0 m | 52.0 m | 32.0 m ≈ | 53.0 m ≈ | 46.0 m | 53.0 m | 42.0 m ≈ | 52.0 m ≈ |
| Pre-tax income | 64.0 m | 47.0 m | -265.0 m | 66.0 m | 64.0 m | 41.0 m | 76.0 m | 65.0 m |
| Income tax | -36.0 m | 22.0 m | 48.0 m | 7.0 m | 26.0 m | 42.0 m | 32.0 m | 23.0 m |
| Net income | 79.0 m | 0 | -335.0 m | 36.0 m | 18.0 m | -22.0 m | 27.0 m | 25.0 m |
| Diluted EPS | 0.89 ≈ | 0.00 | -3.99 | 0.43 | 0.22 ≈ | -0.28 | 0.34 | 0.32 |
| Operating cash flow | 263.0 m | 109.0 m | -45.0 m ≈ | 172.0 m ≈ | 213.0 m | 80.0 m | 81.0 m ≈ | 205.0 m ≈ |
| Capex | 72.0 m | 64.0 m | 45.0 m | 57.0 m ≈ | 79.0 m | 65.0 m | 73.0 m | 67.0 m ≈ |
| Share repurchases | 50.0 m | 25.0 m | 0 ≈ | 50.0 m ≈ | 50.0 m | 25.0 m | 0 ≈ | 30.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 53 percentile of its own 19-quarter history (min 3.6, median 28.3, max 3,790.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.4 bn | 16.5 bn | 12.7 bn | 13.7 bn | 14.1 bn | 15.4 bn | 14.7 bn | 14.5 bn |
| Revenue YoY | +7.6% | −5.2% | −23.3% | +8.0% | +3.2% | +9.0% | −4.6% | −1.0% |
| Net income | -1.7 bn | -491.0 m | -547.0 m | 1.1 bn | -120.0 m | 205.0 m | 18.0 m | -281.0 m |
| Net income YoY | −292.1% | unavailable | unavailable | unavailable | −110.8% | unavailable | −91.2% | −1,661.1% |
| Diluted EPS | -18.06 | -5.25 | -5.83 | 11.58 | -1.27 | 2.15 | 0.20 | -3.39 |
| Diluted EPS YoY | −293.4% | unavailable | unavailable | unavailable | −111.0% | unavailable | −90.7% | −1,795.0% |
| net % | -9.7% | -3.0% | -4.3% | 8.1% | -0.8% | 1.3% | 0.1% | -1.9% |
| Free cash flow | 143.0 m | -160.0 m | -80.0 m | 0 | 47.0 m | 415.0 m | 277.0 m | 204.0 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 30 Sept 2025
- Cash
- 958.0 m USD
- Financial debt
- 2.0 m USD
- Net debt
- -956.0 m USD
- Equity
- 2.1 bn USD
- Total assets
- 9.0 bn USD
- Debt / equity
- 0.00x
- Current ratio
- 1.12x
- ROE
- -12.5%
- ROA
- -3.1%
- FCF margin
- 1.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 12.7 bn | 13.7 bn | 14.1 bn | 15.4 bn | 14.7 bn | 14.5 bn | SEC (XBRL)· 18 Nov 2025verified |
| Cost of revenue | 12.1 bn | 12.9 bn | 13.3 bn | 14.4 bn | 13.8 bn | 13.6 bn | SEC (XBRL)· 18 Nov 2025verified |
| Gross profit | 592.0 m | 826.0 m | 807.0 m | 1.0 bn | 928.0 m | 961.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Research & development | 370.0 m | 316.0 m | 322.0 m | 362.0 m | 372.0 m | 387.0 m | SEC (XBRL)· 18 Nov 2025verified |
| SG&A | 558.0 m | 537.0 m | 598.0 m | 554.0 m | 507.0 m | 522.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Interest expense | 203.0 m | 229.0 m | 192.0 m | 132.0 m | 187.0 m | 183.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Pre-tax income | -429.0 m | 1.4 bn | 54.0 m | 295.0 m | 133.0 m | -88.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Income tax | 57.0 m | 249.0 m | 94.0 m | 0 | 32.0 m | 103.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Net income | -547.0 m | 1.1 bn | -120.0 m | 205.0 m | 18.0 m | -281.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Diluted EPS | -5.83 | 11.58 | -1.27 | 2.15 | 0.20 | -3.39 | SEC (XBRL)· 18 Nov 2025verified |
| Weighted average diluted shares | 93.8 m | 95.7 m | 94.8 m | 95.4 m | 90.1 m | 83.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Dividend per share | 0.28 | 0.00 | — | — | — | — | SEC (XBRL)· 23 Nov 2021derived |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.7 bn | 1.5 bn | 947.0 m | 1.1 bn | 945.0 m | 958.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Inventories | 685.0 m | 976.0 m | 953.0 m | 841.0 m | 758.0 m | 695.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Current assets | 4.5 bn | 5.1 bn | 4.2 bn | 4.3 bn | 4.1 bn | 4.1 bn | SEC (XBRL)· 18 Nov 2025verified |
| Property, plant & equipment, net | 1.6 bn | 1.6 bn | 1.4 bn | 1.4 bn | 1.4 bn | 1.4 bn | SEC (XBRL)· 18 Nov 2025verified |
| Goodwill | 2.1 bn | 2.2 bn | 2.1 bn | 2.1 bn | 2.2 bn | 1.8 bn | SEC (XBRL)· 18 Nov 2025verified |
| Intangibles (excl. goodwill) | 443.0 m | 555.0 m | 467.0 m | 408.0 m | 371.0 m | 319.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Total assets | 10.3 bn | 10.8 bn | 9.2 bn | 9.4 bn | 9.4 bn | 9.0 bn | SEC (XBRL)· 18 Nov 2025verified |
| Accounts payable | 2.2 bn | 2.1 bn | 2.5 bn | 2.5 bn | 2.6 bn | 2.5 bn | SEC (XBRL)· 18 Nov 2025verified |
| Short-term debt | 202.0 m | 17.0 m | 3.0 m | 2.0 m | 1.0 m | 2.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Current liabilities | 3.8 bn | 3.5 bn | 3.5 bn | 3.7 bn | 3.7 bn | 3.7 bn | SEC (XBRL)· 18 Nov 2025verified |
| Equity | 1.5 bn | 2.7 bn | 2.4 bn | 2.5 bn | 2.4 bn | 2.1 bn | SEC (XBRL)· 18 Nov 2025verified |
| Shares outstanding at year end | 93.9 m | 94.4 m | 94.9 m | 93.7 m | 84.9 m | 79.2 m | SEC (XBRL)· 18 Nov 2025verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 246.0 m | 260.0 m | 274.0 m | 667.0 m | 543.0 m | 449.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Capex | 326.0 m | 260.0 m | 227.0 m | 252.0 m | 266.0 m | 245.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Free cash flow | -80.0 m ≈ | 0 ≈ | 47.0 m ≈ | 415.0 m ≈ | 277.0 m ≈ | 204.0 m ≈ | SEC (XBRL)· 18 Nov 2025derived |
| Investing cash flow | 166.0 m | 347.0 m | 484.0 m | -229.0 m | -253.0 m | -186.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Financing cash flow | 393.0 m | -770.0 m | -1.3 bn | -271.0 m | -502.0 m | -267.0 m | SEC (XBRL)· 18 Nov 2025verified |
| Dividends paid | 0 | 0 | — | — | — | — | SEC (XBRL)· 23 Nov 2021verified |
| Share repurchases | — | 0 | 0 | 65.0 m | 275.0 m | 125.0 m | SEC (XBRL)· 18 Nov 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 50.0% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.3 bn USD
Key indicators
Coverage and freshness
Score by group
50% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 6.78 – 105.13 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)73.53 – 105.13 (Mid 85.87)WACC 9.3% · starting FCFF 391.5 m USD · terminal value share of EV 72%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E6.78 – 10.89 (Mid 8.92)18 companies used · median multiple 14.8x · quartiles 11.2x – 18.0xALSN, ALV, APTV, ATMU, BWA, CAAS, DAN, DORM, GNTX, GTX, LCII, LEA, MGA, PATK, PHIN, SMP, STRT, VC
- Dividend discount (DDM)unavailable · the base of the ratio is not positive
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 50.0% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 0.3% | 38 (vs peers) | 13% |
| FCF conversion · Quality | 614.6% | 100 (on a fixed band) | 13% |
| Revenue CAGR 3Y · Growth | 1.0% | 8 (on a fixed band) | 17% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.1x | 25 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 28.5x | 14 (vs peers) | 21% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 22.3% | 100 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 7.9% | 100 (on a fixed band) | 13% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial25/100 · 1/3 factors with a value
- Growth· partial8/100 · 1/2 factors with a value
- Quality69/100 · 2/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation52/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Adient plc (ADNT). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 14.5 bn USD in 2025; YoY growth -1.0%; net margin 0.3%; ROE 2.7%.
The estimated value range is 40.15–58.01 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 47.40 USD, the price of 17.19 USD leaves a potential of 175.7% (value / price − 1) and a margin of safety of 63.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 50.0% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 614.6%
- FCF yield: 22.3%
- Shareholder yield (distributions): 7.9%
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: 1.0%
- Current ratio: 1.1x
- P/E (TTM): 28.5x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Motor Vehicle Parts & Accessories (SIC 3714) · same industry (4-digit SIC) · compared with 34 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| MGAMagna International Inc. | 18.4 bn | 22.4 | 6.9% | 2.0% | −1.9% | +34% / +22% |
| BWABorgwarner Inc. | 10.1 bn | 21.5 | 8.2% | 3.4% | +1.6% | +17% / +50% |
| ALSNAllison Transmission Holdings, Inc. | 9.9 bn | 17.4 | 29.7% | 11.1% | −6.7% | +36% / +125% |
| ALVAutoliv, Inc. | 9.0 bn | 15.1 | 24.8% | 5.6% | +4.1% | +7% / +21% |
| APTVAptiv PLC | 8.8 bn | 11.9 | 8.5% | 4.6% | +3.5% | −44% / −48% |
| LEALear Corp | 5.7 bn | 10.4 | 11.6% | 2.5% | −0.2% | +11% / −11% |
| MODModine Manufacturing Co | 5.2 bn | 41.3 | 11.4% | 3.6% | +23.1% | −39% / +100% |
| GNTXGentex Corporation | 4.4 bn | 11.0 | 16.4% | 15.5% | +9.6% | −9% / −32% |
| DORMDorman Products, Inc. | 4.2 bn | 21.2 | 13.3% | 9.3% | +6.0% | +8% / +98% |
| ATMUAtmus Filtration Technologies Inc. | 3.9 bn | 18.3 | 55.8% | 11.3% | +5.7% | −5% / +119% |
| GTXGarrett Motion Inc. | 3.6 bn | 10.1 | — | 10.0% | +3.1% | +20% / +167% |
| PATKPatrick Industries Inc | 2.7 bn | 20.1 | 13.0% | 3.7% | +6.3% | −22% / +55% |
| PHINPhinia Inc. | 2.6 bn | 14.5 | 12.2% | 5.2% | +2.4% | +33% / +181% |
| DANDana Incorporated | 2.6 bn | 2.4 | 71.4% | 14.6% | −3.0% | +6% / +80% |
| LCIILci Industries | 2.5 bn | 12.1 | 15.0% | 5.2% | +10.2% | −8% / −4% |
| VCVisteon Corp | 2.0 bn | 13.8 | 10.8% | 4.1% | −2.5% | −22% / −32% |
| THRMGentherm Incorporated | 1.6 bn | 105.3 | 1.3% | 0.6% | +2.9% | −13% / −32% |
| ADNTAdient plc | 1.3 bn | 28.5 | 2.7% | 0.3% | −1.0% | −28% / −52% |
| DCHDauch Corporation | 1.1 bn | — | -15.2% | -2.0% | −4.7% | −27% / −31% |
| SMPStandard Motor Products, Inc. | 1.0 bn | 15.1 | 9.9% | 3.8% | +22.4% | +22% / +28% |
| AEVAAeva Technologies, Inc. | 661.5 m | — | — | -150.1% | +99.4% | −15% / +240% |
| CPSCooper-Standard Holdings Inc. | 391.6 m | — | — | -2.0% | +0.4% | −29% / +24% |
| HLLYHolley Inc. | 351.6 m | 35.3 | 2.3% | 1.7% | +1.9% | −32% / −30% |
| KNDIKandi Technologies Group, Inc. | 287.8 m | — | -30.5% | -107.4% | −31.5% | −63% / −88% |
| STRTStrattec Security Corp | 258.5 m | 15.6 | 7.2% | 2.9% | +2.5% | −14% / +201% |
1- and 3-year price returns: for ADNT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 10.10 Total return -41% · Per year -41% | 17.89 Total return 4% · Per year 4% | 26.99 Total return 57% · Per year 57% |
| 3 years | 9.12 Total return -47% · Per year -19% | 18.24 Total return 6% · Per year 2% | 30.31 Total return 76% · Per year 21% |
| 5 years | 8.23 Total return -52% · Per year -14% | 18.59 Total return 8% · Per year 2% | 34.03 Total return 98% · Per year 15% |
- Exit P/E± 4.56
- Net margin± 3.19
- Annual revenue growth± 2.71
- Annual dilution± 0.27
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results).
In brief
Adient plc is one of the largest global suppliers of automotive seating, with operations in 29 countries and customers among nearly all major automakers. The company is going through a difficult period, marked by pressure from Chinese competitors, cost volatility and impairment of assets in Europe, the Middle East and Africa.
SWOT
Strengths
- Global scale, a broad manufacturing footprint and deep vertical integration that allow delivery of complete seat systems in every major producing region 1.
- Long relationships with nearly all major automakers and many regional manufacturers, including in China 1.
- A standardized product portfolio and engineering platform that can reduce costs and speed launches of new models 1.
Weaknesses
- Margins are thin, and results are sensitive to production volumes and raw material costs that cannot always be fully passed on to customers 1.
- The company recorded a goodwill impairment and a net loss in fiscal 2025, showing vulnerability in certain segments, especially EMEA 1.
- Debt and costly restructuring limit financial flexibility in periods when production falls 12.
Opportunities
- Greater seating content per vehicle, linked to advanced driver assistance and autonomous vehicles, could open new revenue streams 1.
- Winning contracts with local Chinese automakers and expanding into other Southeast Asian markets could support growth 1.
- If the trend toward component sourcing continues, suppliers able to deliver individual parts could gain market share 1.
Risks
- Pressure from Chinese automakershigh
Competition from China and Europe could reduce prices and margins, and losing share at foreign customers could weigh further on results 1.
- Asset impairmenthigh
The EMEA goodwill impairment showed that asset values can fall if volume prospects weaken, and further impairments could follow 1.
- Tariffs and international trademedium
Trade policies of the US and other countries can change costs and sales flows, and refunds may be partial or delayed 2.
- Supply chain disruptionsmedium
Shortages of components or labor can halt plants with little warning, creating inefficiencies that are hard to offset 1.
- Tax risklow
Tax authorities have become more aggressive in audits, which could increase uncertainty over tax liabilities and the value of deferred tax assets 12.
Investment thesis
What would need to be true (bull case)
- If vehicle production recovers and margins improve in profitable segments, global scale and customer relationships could support a return to profitability 13.
- Winning contracts with Chinese automakers and expanding advanced driver assistance content could bring new long-term revenue 1.
- The automation and artificial intelligence program could lower labor costs and improve operating consistency 1.
What would break the thesis
- If price pressure from China and overcapacity in Europe persist, margins could stay low and results could remain weak 13.
- Debt and restructuring costs could limit flexibility, especially if production falls again 12.
- Tariffs and geopolitical tensions could disrupt supply chains and reduce customer volumes 12.
What to watch
- Trend in adjusted EBITDA margin in EMEA and AsiaQ1 2027
- Sales and profitability guidance for fiscal 20272027
- IEEPA tariff refunds and their effect on costsnext 10-K
- Development of contracts with Chinese automakers and price pressure2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results).
The business
Adient designs, manufactures and delivers complete seating systems and components for passenger cars, commercial vehicles and light trucks, with operations in 29 countries and approximately 200 manufacturing, assembly or sequencing facilities 1. It supplies seats on a 'just-in-time' or 'in-sequence' basis directly to customer assembly lines, so long-term relationships with automakers are central to its model 1. Adient also has partially owned affiliates in China, Asia, Europe and North America that add to its global capacity 1.
Its integrated production structure, from metals and foam to full seat assembly, lets the company control costs and quality across the value chain 1. Adient invests in automation and artificial intelligence to reduce direct labor costs and improve accuracy 1.
In the quarter ended June 30, 2026, net sales were 3,929 million USD and adjusted EBITDA was 225 million USD, a margin of 5.7% 23. For fiscal 2025, net sales were 14,535 million USD, down 1.0%, and the company reported a net loss attributable to Adient of 281 million USD after a non-cash goodwill impairment of 333 million USD in EMEA 1.
Segments
Americas
The Americas segment includes North America and South America. In the quarter ended June 30, 2026 it generated net sales of 1,928 million USD and adjusted EBITDA of 125 million USD 3.
EMEA
The EMEA segment has been the most affected by overcapacity and pricing pressure. In the quarter ended June 30, 2026 net sales were 1,211 million USD, and the adjusted EBITDA margin only 1.2% 3.
Market context
Global light vehicle production rose 3.0% in fiscal 2025, supported by better vehicle sales and exports from China, while production fell in North America and EMEA 1. Demand depends on macroeconomic factors such as credit availability, interest rates and consumer confidence, and electric vehicle adoption has slowed 1.
The automotive seating market is concentrated, and suppliers could gain share if they combine technology, global scale and engineering capacity, especially as automakers shift from complete systems to separate component sourcing 1.
Trends
- Competition from Chinese automakersheadwind
Local Chinese automakers offer vehicles at lower cost, which puts pressure on supplier prices and could reduce margins, while Adient wins new business with these customers 1.
- Tariffs and trade policymixed
US and other tariffs affect costs and sales, and the Supreme Court decision on IEEPA tariffs could produce refunds that the company considers probable 2.
- Electric vehicles and advanced driver assistancemixed
The shift to electric vehicles changes seat design, and the growth of advanced driver assistance systems could add seating content for suppliers with strong engineering 1.
- Raw material and energy costsheadwind
Volatility in steel, aluminum, chemicals and energy, along with freight costs, can raise expenses, and recovery strategies offset only part of the impact 12.
Competitive position
Adient competes with other automotive suppliers and, for certain products, with automakers that make components themselves. The principal independent competitors it names are Lear, Toyota Boshoku, Forvia, Magna and Yanfeng 1. The company says its vertical integration and global footprint differentiate it from traditional Tier-1 suppliers and component specialists 1.
Competition is based on technology, quality, supply reliability and price, and pricing pressure from Chinese automakers intensifies rivalry in every region 1.
- Lear CorporationLEA
Independent seating and interior systems supplier named by Adient as a principal competitor.
- Toyota Boshoku Corporation
Seating supplier linked to the Toyota group, named by Adient as a principal competitor.
- Forvia SE
European automotive components supplier including interiors, named by Adient as a principal competitor.
- Magna InternationalMGA
Global Tier-1 automotive components supplier, named by Adient as a principal competitor.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report04 Nov 2026Material agreement · Item 3.03 · Regulation FD disclosure · Financial statements and exhibits
- Current report04 Nov 2026Results of operations · Financial statements and exhibits
- Current report18 Sept 2026Departure or appointment of officers · Financial statements and exhibits
- Current report21 Aug 2026Material agreement · Creation of a direct financial obligation
- Current report13 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report10 Jul 2026Departure or appointment of officers
- Current report20 May 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report06 May 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-09-30 · SEC / Adient plc · 18 Nov 2025
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Adient plc · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Adient plc · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.