Top 10 Automotive Suppliers in the World in 2021 by P/E
NSK Ltd, JTEKT Corp, American Axle & Manufacturing Holdings Inc, Ricardo plc, and Visteon Corp are the top 5 automotive suppliers in the world in 2021 by P/E. The top 10 automotive suppliers had an average P/E of 222, where NSK Ltd was the highest (1,056), followed by JTEKT Corp (397), and American Axle & Manufacturing Holdings Inc (180), while the company Samvardhana Motherson International Ltd had the lowest (67). In aggregate, they generated revenue of $94,879 million with average revenue growth of 4.7% in FY2021. In terms of geographical splits, 3 out of 10 of the world’s top automotive suppliers are based in Japan, while 2 are based in the United States of America, and the remaining are based in the United Kingdom, Ireland, Japan, South Korea, Italy, and India. They employed a total of 350,681 people in 2021. Japan-based NSK Ltd is the leading automotive supplier in the world (by P/E). The company reported revenues of $7,051 million for the fiscal year ended March 2021 (FY2021), a decrease of 10.4% over FY2020 due to a continued cautious attitude toward capital spending against the backdrop of trade tensions between the United States and China, which resulted in low demand in the Automotive market and stalled economic activity owing to the spread of the COVID-19 pandemic. The company manufactures automotive and mechatronic products, and precision machinery and parts. It offers bearings, automotive components, linear motion and mechatronic products. It also provides maintenance and repair services and employs 30,378 people in FY2021. JTEKT Corp is one of the leading automotive suppliers in the world (by P/E). The company reported revenues of $11,756 million for the fiscal year ended March 2021 (FY2021), a decrease of 12.2% over FY2020, decrease in revenue was due to the COVID-19 pandemic. The company is an equipment company, which designs, develops and markets automotive components, bearings and machine tools. It markets products under the JTEKT, Koyo and Toyoda brands. The company offers its products and services to automotive, railway, aerospace, construction machinery, steel, aviation, agricultural machinery and wind power generation sectors. It had approximately 138 subsidiaries by the end of FY2021 and employs 48,332 people.