Sensata Technologies B.V. Aug 10
Standard & Poors, August 2010
Abstract
Leading market positions and high operating margins Good product and end-market diversity Aggressive financial risk profile Participation in cyclical end markets Standard & Poor's Ratings Services' ratings on sensors and controls manufacturer Sensata Technologies B.V. (Sensata) reflect its aggressive financial risk profile and fair business risk profile. We believe business trends remain favorable, but are likely to moderate from the firm's recent high growth levels. Still, we expect Sensata to continue generating further revenue organically as its products are increasingly used in end-market applications. Furthermore, we expect the company's operating margin, before depreciation and amortization (D&A), will remain close to 30%. This may allow Sensata to sustain a funds from operations (FFO)-to-adjusted debt ratio of more than 15% (versus the...
Companies mentioned in this report are: Sensata Technologies B.V.,Texas Instruments Inc.
Action: Review
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Research Type: Full Analysis
Sensata Technologies B.V.,Texas Instruments Inc.
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