Analyst Outlook | RBC Capital Markets maintains a Sector Perform rating with price targets ranging from $8.00 to $9.00, reflecting cautious optimism amid ongoing challenges |
Market Positioning | Explore WPRT's joint venture with Volvo and its focus on Euro 6 and 7 emission standards, positioning the company for potential growth in alternative fuel systems |
Strategic Adaptation | Delve into WPRT's comprehensive cost-cutting initiatives and operational streamlining efforts, designed to improve profitability and adjust to market fluctuations |
Financial Turbulence | Westport Fuel Systems faces mixed results amid customer destocking challenges, with Q2 2024 surpassing expectations despite headwinds in the OEM segment |
Westport Fuel Systems Inc. engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket. It offers alternative fuel systems and components, such as liquefied petroleum gas (LPG), compressed natural gas (CNG), liquefied natural gas (LNG), renewable natural gas or biomethane, and hydrogen; and pressure regulators, injectors, electronic control units, valves and filters, complete bi-fuel, mono-fuel and dual-fuel LPG and natural gas conversion kits and high-pressure hydrogen components. The company provides Westport’s LNG high pressure direct injection 2.0 fuel system and bi-fuel products; offers turnkey solutions covering all process phases, including prototyping, development, calibration, validation, homologation, vehicle conversion and logistic services, as well as systems for diesel-powered vehicles; and supplies hydrogen fuel system components for light, medium, and heavy-duty applications. It offers its products under the AFS, BRC, Emer, GFI, HPDI, Stako, Prins, Zavoli, OMVL, TA Gas Technology, Vialle, and Valtek brands. The company was formerly known as Westport Innovations Inc. and changed its name to Westport Fuel Systems Inc. in June 2016. Westport Fuel Systems Inc. was incorporated in 1995 and is headquartered in Vancouver, Canada.
Metrics to compare | WPRT | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipWPRTPeersSector | |
---|---|---|---|---|
P/E Ratio | −2.2x | −0.5x | 12.0x | |
PEG Ratio | −0.06 | −0.02 | 0.03 | |
Price / Book | 0.5x | 1.6x | 1.4x | |
Price / LTM Sales | 0.2x | 0.7x | 1.2x | |
Upside (Analyst Target) | 199.5% | 13.2% | 21.2% | |
Fair Value Upside | Unlock | 0.2% | 7.3% | Unlock |