Sensata Technologies B.V. Oct 06
- ID: 2127309
- October 2006
- Standard & Poors
Leading market positions; Good product and end-market diversity; and High operating margins. High financial leverage; Participation in cyclical end markets; and Large amount of intangible assets relative to fixed assets. The ratings on Attleboro, Mass.-based Sensata Technologies B.V. (Sensata) primarily reflect the company's highly leveraged financial profile, which more than offsets the company's satisfactory business profile. Formerly a division of Texas Instruments Inc., Sensata is composed of two business units that manufacture highly engineered electronic sensors and controls products, generating over $1.0 billion per year in revenue. The company's products are sold into mature, cyclical end markets that grow primarily at GDP-like rates. However, exposure to cyclicality is somewhat mitigated by the company's strong market positions, being the sole or...
Companies mentioned in this report are:
- Sensata Technologies B.V.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis