Autoliv (ALV)
Market Price (8/6/2026): $123.11 | Market Cap: $9.1 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Autoliv (ALV)
Market Price (8/6/2026): $123.11Market Cap: $9.1 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.6%, FCF Yield is 8.3% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10% Stock buyback supportStock Buyback 3Y Total is 1.4 Bil Low stock price volatilityVol 12M is 28% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, and Automotive Safety Innovation. Themes include Autonomous Driving Technology, and Occupant Safety Systems. | Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -36% | Key risksALV key risks include [1] a slower-than-desired diversification into high-growth active safety components and [2] specific operational underperformance in key regional markets such as China. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.6%, FCF Yield is 8.3% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Stock buyback supportStock Buyback 3Y Total is 1.4 Bil |
| Low stock price volatilityVol 12M is 28% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, and Automotive Safety Innovation. Themes include Autonomous Driving Technology, and Occupant Safety Systems. |
| Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -36% |
| Key risksALV key risks include [1] a slower-than-desired diversification into high-growth active safety components and [2] specific operational underperformance in key regional markets such as China. |
Qualitative Assessment
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Autoliv (ALV) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Autoliv reported strong fiscal Q2 2026 financial results, which ended June 30, 2026, demonstrating resilience despite a challenging market. The company achieved net sales of $2.8 billion, marking a 3% year-over-year increase and exceeding consensus estimates of $2.77 billion. Additionally, Autoliv recorded a strong operating cash flow of $434 million in the quarter, a $157 million increase from the prior year, and reaffirmed its full-year 2026 guidance for flat organic sales and an adjusted operating margin between 10.5% and 11%.
2. The company's strategic decision to discontinue manufacturing operations in Türkiye is expected to drive long-term efficiency and cost savings. Announced on May 8, 2026, this restructuring effort, while incurring approximately $142 million in total pre-tax charges (with $90 million recognized in fiscal Q2 2026), is projected to generate annual pre-tax savings of $40 million starting in 2027 and reaching its full run-rate benefit in 2028. This move aims to optimize Autoliv's manufacturing footprint and enhance its long-term competitiveness.
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Autoliv (ALV) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Autoliv reported strong fiscal Q2 2026 financial results, which ended June 30, 2026, demonstrating resilience despite a challenging market. The company achieved net sales of $2.8 billion, marking a 3% year-over-year increase and exceeding consensus estimates of $2.77 billion. Additionally, Autoliv recorded a strong operating cash flow of $434 million in the quarter, a $157 million increase from the prior year, and reaffirmed its full-year 2026 guidance for flat organic sales and an adjusted operating margin between 10.5% and 11%.
2. The company's strategic decision to discontinue manufacturing operations in Türkiye is expected to drive long-term efficiency and cost savings. Announced on May 8, 2026, this restructuring effort, while incurring approximately $142 million in total pre-tax charges (with $90 million recognized in fiscal Q2 2026), is projected to generate annual pre-tax savings of $40 million starting in 2027 and reaching its full run-rate benefit in 2028. This move aims to optimize Autoliv's manufacturing footprint and enhance its long-term competitiveness.
3. Robust growth in Asian markets and new strategic partnerships significantly boosted sales and market positioning. Sales to Chinese OEMs grew by over 40%, and in India, organic sales increased by 36% during fiscal Q2 2026, both significantly outperforming global light vehicle production trends. Furthermore, Autoliv solidified its position by signing strategic cooperation agreements with major Chinese automakers, Great Wall Motor and XPENG, in July 2026, aimed at developing safer mobility solutions for global markets.
4. Autoliv's commitment to shareholder returns through a substantial share repurchase program positively impacted per-share metrics. The company completed a $450 million share repurchase program, retiring approximately 4.96% of its shares, which materially adjusted its capital structure. During fiscal Q2 2026, Autoliv repurchased and retired 1.65 million shares for approximately $200 million, contributing to an improved leverage ratio of 1.2x. For the full year 2026, the company plans further share repurchases of $300-$500 million.
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Stock Movement Drivers
Fundamental Drivers
The 7.0% change in ALV stock from 4/30/2026 to 8/5/2026 was primarily driven by a 17.1% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 115.06 | 123.12 | 7.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,990 | 11,079 | 0.8% |
| Net Income Margin (%) | 6.5% | 5.8% | -10.2% |
| P/E Multiple | 12.1 | 14.2 | 17.1% |
| Shares Outstanding (Mil) | 75 | 74 | 0.9% |
| Cumulative Contribution | 7.0% |
Market Drivers
4/30/2026 to 8/5/2026| Return | Correlation | |
|---|---|---|
| ALV | 7.0% | |
| Market (SPY) | 7.1% | 45.5% |
| Sector (XLY) | 0.2% | 47.3% |
Fundamental Drivers
The 3.1% change in ALV stock from 1/31/2026 to 8/5/2026 was primarily driven by a 17.1% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 119.40 | 123.12 | 3.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,614 | 11,079 | 4.4% |
| Net Income Margin (%) | 7.1% | 5.8% | -18.2% |
| P/E Multiple | 12.1 | 14.2 | 17.1% |
| Shares Outstanding (Mil) | 76 | 74 | 3.1% |
| Cumulative Contribution | 3.1% |
Market Drivers
1/31/2026 to 8/5/2026| Return | Correlation | |
|---|---|---|
| ALV | 3.1% | |
| Market (SPY) | 11.5% | 51.0% |
| Sector (XLY) | -1.9% | 54.6% |
Fundamental Drivers
The 13.7% change in ALV stock from 7/31/2025 to 8/5/2026 was primarily driven by a 21.7% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 108.27 | 123.12 | 13.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,463 | 11,079 | 5.9% |
| Net Income Margin (%) | 6.8% | 5.8% | -15.2% |
| P/E Multiple | 11.7 | 14.2 | 21.7% |
| Shares Outstanding (Mil) | 77 | 74 | 4.0% |
| Cumulative Contribution | 13.7% |
Market Drivers
7/31/2025 to 8/5/2026| Return | Correlation | |
|---|---|---|
| ALV | 13.7% | |
| Market (SPY) | 22.8% | 50.3% |
| Sector (XLY) | 7.8% | 52.9% |
Fundamental Drivers
The 32.5% change in ALV stock from 7/31/2023 to 8/5/2026 was primarily driven by a 45.8% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 92.95 | 123.12 | 32.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,765 | 11,079 | 13.5% |
| Net Income Margin (%) | 4.0% | 5.8% | 45.8% |
| P/E Multiple | 20.5 | 14.2 | -30.7% |
| Shares Outstanding (Mil) | 86 | 74 | 15.5% |
| Cumulative Contribution | 32.5% |
Market Drivers
7/31/2023 to 8/5/2026| Return | Correlation | |
|---|---|---|
| ALV | 32.5% | |
| Market (SPY) | 74.1% | 50.9% |
| Sector (XLY) | 39.7% | 51.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ALV Return | 15% | -23% | 48% | -13% | 30% | 7% | 57% |
| Peers Return | 16% | -31% | 11% | -25% | 17% | 3% | -20% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| ALV Win Rate | 67% | 33% | 58% | 42% | 75% | 62% | |
| Peers Win Rate | 56% | 33% | 44% | 35% | 54% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ALV Max Drawdown | -24% | -37% | -14% | -30% | -25% | -22% | |
| Peers Max Drawdown | -22% | -43% | -26% | -34% | -27% | -26% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MGA, APTV, LEA, GNTX. See ALV Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/5/2026 (YTD)
How Low Can It Go
| Event | ALV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.6% | -18.8% |
| % Gain to Breakeven | 27.5% | 23.1% |
| Time to Breakeven | 31 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.6% | -7.8% |
| % Gain to Breakeven | 13.1% | 8.5% |
| Time to Breakeven | 294 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -34.8% | -24.5% |
| % Gain to Breakeven | 53.4% | 32.4% |
| Time to Breakeven | 400 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.6% | -33.7% |
| % Gain to Breakeven | 90.7% | 50.9% |
| Time to Breakeven | 160 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.7% | -19.2% |
| % Gain to Breakeven | 26.2% | 23.8% |
| Time to Breakeven | 104 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -11.3% | -3.7% |
| % Gain to Breakeven | 12.8% | 3.9% |
| Time to Breakeven | 27 days | 6 days |
In The Past
Autoliv's stock fell -21.6% during the 2025 US Tariff Shock. Such a loss loss requires a 27.5% gain to breakeven.
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Asset Allocation
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| Event | ALV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.6% | -18.8% |
| % Gain to Breakeven | 27.5% | 23.1% |
| Time to Breakeven | 31 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -34.8% | -24.5% |
| % Gain to Breakeven | 53.4% | 32.4% |
| Time to Breakeven | 400 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.6% | -33.7% |
| % Gain to Breakeven | 90.7% | 50.9% |
| Time to Breakeven | 160 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.7% | -19.2% |
| % Gain to Breakeven | 26.2% | 23.8% |
| Time to Breakeven | 104 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -32.7% | -17.9% |
| % Gain to Breakeven | 48.6% | 21.8% |
| Time to Breakeven | 137 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -22.4% | -15.4% |
| % Gain to Breakeven | 28.9% | 18.2% |
| Time to Breakeven | 67 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -75.6% | -53.4% |
| % Gain to Breakeven | 310.3% | 114.4% |
| Time to Breakeven | 381 days | 1085 days |
In The Past
Autoliv's stock fell -21.6% during the 2025 US Tariff Shock. Such a loss loss requires a 27.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Autoliv (ALV)
Autoliv, Inc. (ALV) is a global leader specializing in the development, manufacturing, and supply of passive safety systems for the automotive industry. The company's core mission revolves around enhancing the safety of vehicle occupants and pedestrians worldwide, acting as a critical supplier within the automotive supply chain.
Autoliv's extensive product portfolio encompasses a wide array of essential safety components and technologies. This includes modules and components for frontal-impact and side-impact airbag protection systems, along with the underlying inflator technologies. They also produce crucial safety items such as seatbelts, steering wheels, and battery cut-off switches. Furthermore, Autoliv develops specialized anti-whiplash and pedestrian protection systems, and offers connected safety services and solutions tailored for riders of powered two-wheelers.
The company's primary customers are major car manufacturers across the globe. Autoliv maintains a significant international presence, serving key automotive markets in Europe, the Americas, China, Japan, and the broader Asian region, solidifying its position as a vital partner for global vehicle safety.
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Here are 1-3 brief analogies for Autoliv (ALV):
- The 'Intel Inside' for automotive safety systems.
- Bosch for passive car safety components.
- A specialized supplier like Continental, but focused exclusively on airbags and seatbelts.
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- Airbag Protection Systems: Autoliv supplies modules and components for both frontal-impact and side-impact airbag systems to protect vehicle occupants.
- Seatbelts: The company manufactures seatbelts, which are fundamental safety restraints for all vehicle occupants.
- Steering Wheels: Autoliv produces steering wheels, often integrating airbag modules and other safety features.
- Inflator Technologies: They develop technologies crucial for the rapid and controlled deployment of airbags.
- Battery Cut-Off Switches: These are safety devices designed to mitigate fire risks by disconnecting the battery in a collision.
- Anti-Whiplash Systems: Autoliv provides systems engineered to reduce neck injuries, particularly in rear-end collisions.
- Pedestrian Protection Systems: These systems are designed to enhance the safety of pedestrians in the event of a collision with a vehicle.
- Connected Safety Services and Solutions for Powered Two-Wheelers: The company offers digital safety services and solutions tailored for riders of motorcycles and other powered two-wheelers.
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Major Customers of Autoliv (ALV)
Autoliv, Inc. primarily sells its passive safety systems to other companies, specifically global car manufacturers. While Autoliv often serves a broad range of OEMs and no single customer typically accounts for more than 10% of their total sales in a given year, its major customers include the world's largest automotive companies.
Based on the company's focus on serving major car manufacturers, the following are examples of its major customer companies:
- Toyota Motor Corporation (Symbol: TM)
- Volkswagen Group (Symbol: VWAGY)
- General Motors (Symbol: GM)
- Ford Motor Company (Symbol: F)
- Stellantis N.V. (Symbol: STLA)
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Mikael Bratt, President and Chief Executive Officer
Mikael Bratt has served as Autoliv's President and CEO since June 2018. He joined Autoliv in May 2016 as President of Autoliv Passive Safety. Before joining Autoliv, Mr. Bratt spent almost 30 years with The Volvo Group, including his most recent role as Executive Vice President Group Trucks Operations. He also previously served as Chief Financial Officer of The Volvo Group. Mr. Bratt is a member of the Board of Directors of Gränges AB and previously served on the board of directors of Höganäs AB from September 2019 to April 2023.
Fredrik Westin, Executive Vice President, Finance and Chief Financial Officer
Fredrik Westin has been Autoliv's Executive Vice President, Finance and Chief Financial Officer since May 2020. Prior to Autoliv, he was Chief Financial Officer at Sandvik Mining and Rock Technology from 2015 to 2019. Mr. Westin has extensive experience in the automotive industry, having served as Chief Financial Officer and Vice President of Finance & Information Technology for Johnson Controls' Global Automotive Interiors business in Japan from 2014 to 2015. He also held various financial leadership positions with increasing responsibility at Johnson Controls in Germany, China, and Japan from 2006 to 2014. Mr. Westin began his career in engineering and operations at the Volkswagen Group, later moving to equity research at WestLB.
Anthony Nellis, Executive Vice President, Legal Affairs; General Counsel & Secretary
Anthony Nellis serves as Executive Vice President, Legal Affairs; General Counsel & Secretary for Autoliv.
Petra Albuschus, Executive Vice President, Human Resources & Sustainability
Petra Albuschus holds the position of Executive Vice President, Human Resources & Sustainability at Autoliv.
Fabien Dumont, Executive Vice President, Chief Technology Officer
Fabien Dumont has been the Executive Vice President, Chief Technology Officer since September 2024. Mr. Dumont joined Autoliv in 1998 and has held several leadership roles within the company, including Vice President of Engineering at Autoliv China from July 2018 to September 2024, and Vice President of Operations for Airbag, Textile, Inflator and Steering Wheels in China Operations from March 2012 to July 2018.
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1. Cyclical Nature of Automotive Sales and Production
Autoliv's business is directly tied to global light vehicle production (LVP) and automotive sales, making it highly susceptible to economic downturns and fluctuations in the automotive market. Economic declines that reduce automotive sales and production have historically had a material adverse effect on the company's business. This inherent cyclicality means that Autoliv's revenue and financial performance are directly impacted by the broader automotive industry's health.
2. Market Competition and Pricing Pressures
Autoliv operates in a highly competitive market for passive safety systems, facing intense competition based on price, quality, and technological innovation. This competitive landscape leads to persistent pricing pressures from customers, which can adversely affect the company's profitability and gross margins. Maintaining market position requires continuous innovation and product differentiation in this environment.
3. Supply Chain Disruptions
The company's complex "just-in-time" logistics supply chain is vulnerable to disruptions from various factors, including natural disasters, political upheaval, and component shortages. Such disruptions in the supply or delivery chain can cause Autoliv's customers to halt or delay production, which in turn impacts Autoliv's operations, manufacturing capacity, and financial results. Historically, supply chain instabilities, such as those seen in 2022 and 2023 due to component shortages, have demonstrated the significant impact this risk can have on the company.
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The clear emerging threat to Autoliv (ALV) is the accelerating development and widespread adoption of advanced driver-assistance systems (ADAS) and autonomous driving technologies by car manufacturers. These active safety systems aim to significantly reduce the frequency and severity of automotive accidents. As vehicles become increasingly capable of preventing collisions, the long-term demand for passive safety systems, such as airbags and seatbelts (Autoliv's core business), could be diminished. While passive safety will remain crucial for the foreseeable future, a substantial reduction in crashes due to ADAS and autonomous driving represents a fundamental shift in automotive safety, potentially impacting Autoliv's market growth and relevance over time.
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Autoliv (ALV) operates in several significant addressable markets related to automotive passive safety systems and emerging mobility safety solutions. Here are the estimated market sizes for their main products and services:
- Automotive Passive Safety Systems (Overall): The global automotive passive safety system market size was valued at approximately USD 15.86 billion in 2025 and is projected to reach USD 23.03 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.47% from 2025 to 2026. Another estimate placed the global market at USD 21.7 billion in 2023, with a projection to reach USD 33.5 billion by 2032.
- Airbags: The global airbag market size reached USD 34.6 billion in 2024 and is expected to reach USD 63.9 billion by 2033, exhibiting a CAGR of 7% during 2025-2033. Specifically, the global automotive airbag market size was valued at USD 17.11 billion in 2025 and is projected to grow to USD 31.53 billion by 2034.
- Seatbelts: The global seat belt market size was estimated at USD 24.6 billion in 2024 and is projected to grow to USD 37.7 billion by 2035, at a CAGR of 3.96% during the forecast period 2025–2035. Another source estimates the global automotive seat belts market size at USD 20.31 billion in 2025, reaching around USD 27.16 billion by 2034.
- Steering Wheels: The global steering wheel market size was valued at USD 25.59 billion in 2025 and is projected to grow to USD 53.90 billion by 2034, exhibiting a CAGR of 8.70% from 2026. Asia Pacific dominated this market with a share of 51.84% in 2024.
- Pedestrian Protection Systems: The global automotive pedestrian protection system market was estimated at USD 6.3 billion in 2025 and is expected to grow to USD 16.8 billion in 2035, at a CAGR of 10.4%. Europe accounted for the highest share in the global automotive pedestrian protection system market in 2017.
- Battery Cut-off Switches (Automotive Battery Disconnect Units): The global automotive battery disconnect unit market size was valued at USD 1.4 billion in 2024 and is projected to grow at a CAGR of 9.4% between 2025 and 2034. The global integrated battery disconnect unit market size was valued at USD 1.45 billion in 2025.
- Connected Safety Services and Solutions for Riders of Powered Two-Wheelers: The global two-wheeler safety solutions market is projected to grow from USD 8.3 billion in 2025 to USD 14.5 billion by 2035, at a CAGR of 5.8%. The global two-wheeler connectivity system market size is predicted to increase from USD 3.45 billion in 2025 to approximately USD 9.08 billion by 2034. Autoliv's research and technology efforts into new mobility and stationary applications, including motorbike and bike safety solutions, are expected to grow to roughly $2.4 billion by 2030, from approximately $800 million in 2025.
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Autoliv (ALV) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market dynamics:
- Increased Safety Content per Vehicle and New Product Launches: Autoliv anticipates revenue growth through the development and introduction of advanced passive safety systems. This includes new product launches such as pretensioner seatbelts for rear-seat passengers, airbags with low-carbon cushion material, and anti-submarining airbags designed for evolving vehicle interiors and autonomous driving applications. These innovations are driven by changes in safety regulations and ratings, leading to higher safety content per vehicle.
- Market Share Gains and Outperformance of Light Vehicle Production (LVP): The company has a strategic target to grow its organic sales by approximately 4 percentage points more than the global light vehicle production growth annually in the mid-term (2022-2024), and 4-6% organically per year in the long term (beyond 2024). Autoliv has demonstrated outperformance in various regions, including Asia (excluding China) and Europe, through new product introductions and competitive pricing.
- Geographic Expansion and Enhanced Presence in Key Markets: Autoliv is actively expanding its footprint and strengthening its market position in high-growth regions, particularly India and China. The company has reported significant sales growth to Chinese Original Equipment Manufacturers (OEMs) and anticipates a record number of new product launches in China, which is expected to considerably improve its performance in the region.
- Strategic Pricing Actions: Autoliv has successfully implemented price increases to offset inflationary cost pressures. These strategic pricing actions, along with commercial recoveries, have positively impacted the company's profitability and contributed to revenue growth.
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Share Repurchases
- Since 2021, Autoliv has returned over $1.6 billion to shareholders through dividends and share repurchases, with approximately $950 million used to repurchase 9.5 million shares, representing 11% of outstanding shares at the program's inception.
- A stock repurchase program approved in June 2025 authorizes Autoliv to repurchase shares up to $2.5 billion from July 1, 2025, through December 31, 2029.
- In 2025, Autoliv repurchased shares for $351 million.
Share Issuance
- Autoliv retired 2 million shares of common stock held in treasury in December 2024.
- As of March 31, 2025, Autoliv retired 528,732 repurchased shares, decreasing the total issued shares to 79,914,590.
- As of December 31, 2025, Autoliv retired 1,260,725 shares that had been repurchased during the quarter, resulting in a total of 77,301,375 issued shares.
Capital Expenditures
- Capital expenditures, net, were $454 million in 2021.
- In 2025, Autoliv invested $420 million to expand its capacity and advance safety technologies, with net capital expenditures reaching $423 million, equivalent to 3.9% of sales.
- For 2026, capital expenditures are projected to remain below 5% of sales.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 71.76 |
| Mkt Cap | 9.1 |
| Rev LTM | 18,725 |
| Op Inc LTM | 1,017 |
| FCF LTM | 757 |
| FCF 3Y Avg | 659 |
| CFO LTM | 1,351 |
| CFO 3Y Avg | 1,247 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.3% |
| Rev Chg 3Y Avg | 4.0% |
| Rev Chg Q | 3.0% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Inc Chg LTM | 1.2% |
| Op Inc Chg 3Y Avg | 7.3% |
| Op Mgn LTM | 9.2% |
| Op Mgn 3Y Avg | 9.2% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 10.5% |
| CFO/Rev 3Y Avg | 10.0% |
| FCF/Rev LTM | 6.8% |
| FCF/Rev 3Y Avg | 5.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.1 |
| P/S | 0.5 |
| P/Op Inc | 8.3 |
| P/EBIT | 9.2 |
| P/E | 14.2 |
| P/CFO | 7.4 |
| Total Yield | 9.9% |
| Dividend Yield | 2.6% |
| FCF Yield 3Y Avg | 8.0% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.9% |
| 3M Rtn | 2.3% |
| 6M Rtn | -1.9% |
| 12M Rtn | 12.9% |
| 3Y Rtn | -11.3% |
| 1M Excs Rtn | -2.1% |
| 3M Excs Rtn | -0.8% |
| 6M Excs Rtn | -9.5% |
| 12M Excs Rtn | -7.9% |
| 3Y Excs Rtn | -80.6% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Airbags, Steering Wheels and Other | 7,302 | 7,023 | 7,055 | 5,807 | 5,380 |
| Seatbelt Products and Other | 3,513 | 3,367 | 3,420 | 3,035 | 2,850 |
| Total | 10,815 | 10,390 | 10,475 | 8,842 | 8,230 |
| $ Mil | 2015 |
|---|---|
| Passive Safety | 669 |
| Electronics | 64 |
| Corporate and other | -6 |
| Total | 728 |
| $ Mil | 2015 |
|---|---|
| Passive Safety | 5,539 |
| Corporate and other | 1,020 |
| Electronics | 966 |
| Total | 7,526 |
Price Behavior
| Market Price | $123.12 | |
| Market Cap ($ Bil) | 9.1 | |
| First Trading Date | 04/28/1997 | |
| Distance from 52W High | -6.5% | |
| 50 Days | 200 Days | |
| DMA Price | $122.31 | $117.58 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 0.7% | 4.7% |
| 3M | 1YR | |
| Volatility | 31.9% | 28.1% |
| Downside Capture | 143.19 | 127.90 |
| Upside Capture | 123.99 | 111.02 |
| Correlation (SPY) | 44.4% | 50.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.86 | 0.85 | 1.11 | 1.16 | 1.10 | 0.95 |
| Up Beta | -1.34 | -1.09 | -0.43 | 1.09 | 0.97 | 0.92 |
| Down Beta | 0.86 | 1.12 | 1.44 | 1.18 | 1.03 | 0.79 |
| Up Capture | 203% | 129% | 157% | 109% | 120% | 102% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 13 | 21 | 32 | 57 | 130 | 398 |
| Down Capture | 106% | 133% | 137% | 123% | 114% | 103% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 9 | 22 | 31 | 68 | 120 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ALV | |
|---|---|---|---|---|
| ALV | 14.1% | 28.0% | 0.46 | - |
| Sector ETF (XLY) | 9.2% | 19.4% | 0.33 | 52.8% |
| Equity (SPY) | 23.1% | 12.9% | 1.34 | 50.3% |
| Gold (GLD) | 25.4% | 28.3% | 0.79 | 25.9% |
| Commodities (DBC) | 29.5% | 19.8% | 1.19 | -19.8% |
| Real Estate (VNQ) | 14.4% | 13.7% | 0.74 | 43.1% |
| Bitcoin (BTCUSD) | -44.6% | 42.9% | -1.25 | 17.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ALV | |
|---|---|---|---|---|
| ALV | 7.9% | 32.1% | 0.28 | - |
| Sector ETF (XLY) | 6.3% | 24.1% | 0.22 | 57.5% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 58.0% |
| Gold (GLD) | 18.2% | 18.6% | 0.79 | 12.3% |
| Commodities (DBC) | 8.1% | 19.6% | 0.31 | 9.7% |
| Real Estate (VNQ) | 2.5% | 18.9% | 0.03 | 46.7% |
| Bitcoin (BTCUSD) | 9.9% | 53.0% | 0.37 | 24.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ALV | |
|---|---|---|---|---|
| ALV | 7.5% | 33.7% | 0.30 | - |
| Sector ETF (XLY) | 12.4% | 22.2% | 0.51 | 60.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 61.0% |
| Gold (GLD) | 12.0% | 16.2% | 0.60 | 8.3% |
| Commodities (DBC) | 7.1% | 18.0% | 0.31 | 20.1% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 48.3% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 14.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 7/28/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/17/2026 | -3.8% | -7.8% | |
| 4/17/2026 | 6.8% | 4.5% | 3.2% |
| 1/30/2026 | -4.1% | -1.7% | -7.5% |
| 10/17/2025 | -2.6% | -4.5% | -0.3% |
| 7/18/2025 | -4.0% | -0.8% | 1.4% |
| 4/16/2025 | 5.6% | 8.1% | 22.7% |
| 1/31/2025 | -4.6% | -7.2% | -5.7% |
| 10/18/2024 | 6.0% | 1.2% | 4.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 15 | 16 |
| # Negative | 11 | 10 | 8 |
| Median Positive | 5.6% | 5.3% | 5.7% |
| Median Negative | -4.6% | -5.9% | -5.5% |
| Max Positive | 10.2% | 8.6% | 22.7% |
| Max Negative | -10.1% | -10.1% | -8.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/17/2026 | -3.8% | -7.8% | |
| 4/17/2026 | 6.8% | 4.5% | 3.2% |
| 1/30/2026 | -4.1% | -1.7% | -7.5% |
| 10/17/2025 | -2.6% | -4.5% | -0.3% |
| 7/18/2025 | -4.0% | -0.8% | 1.4% |
| 4/16/2025 | 5.6% | 8.1% | 22.7% |
| 1/31/2025 | -4.6% | -7.2% | -5.7% |
| 10/18/2024 | 6.0% | 1.2% | 4.3% |
| 7/19/2024 | -10.1% | -10.1% | -8.0% |
| 4/26/2024 | 5.6% | 5.1% | 9.1% |
| 1/26/2024 | 2.8% | 7.1% | 8.9% |
| 10/20/2023 | 7.0% | 5.7% | 13.6% |
| 7/21/2023 | 10.2% | 5.8% | -0.3% |
| 4/21/2023 | -5.3% | -7.5% | -5.4% |
| 1/27/2023 | 9.2% | 8.2% | 9.7% |
| 10/21/2022 | 4.1% | 8.6% | 19.2% |
| 7/22/2022 | 0.8% | 6.2% | 0.7% |
| 4/22/2022 | -7.3% | -3.9% | -1.4% |
| 1/28/2022 | 0.9% | 5.3% | -8.2% |
| 10/22/2021 | -3.1% | 1.9% | 10.4% |
| 7/16/2021 | -4.8% | -3.7% | 3.1% |
| 4/23/2021 | 8.0% | 4.9% | 5.1% |
| 1/26/2021 | 3.1% | 2.3% | 2.3% |
| 10/23/2020 | 0.9% | -9.9% | 5.2% |
| 7/17/2020 | -5.2% | 1.1% | 6.1% |
| SUMMARY STATS | |||
| # Positive | 14 | 15 | 16 |
| # Negative | 11 | 10 | 8 |
| Median Positive | 5.6% | 5.3% | 5.7% |
| Median Negative | -4.6% | -5.9% | -5.5% |
| Max Positive | 10.2% | 8.6% | 22.7% |
| Max Negative | -10.1% | -10.1% | -8.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/17/2026 | 10-Q |
| 03/31/2026 | 04/17/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/17/2025 | 10-Q |
| 06/30/2025 | 07/18/2025 | 10-Q |
| 03/31/2025 | 04/16/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/18/2024 | 10-Q |
| 06/30/2024 | 07/19/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/20/2023 | 10-Q |
| 06/30/2023 | 07/21/2023 | 10-Q |
| 03/31/2023 | 04/21/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 10/21/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/17/2026 | 10-Q |
| 03/31/2026 | 04/17/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/17/2025 | 10-Q |
| 06/30/2025 | 07/18/2025 | 10-Q |
| 03/31/2025 | 04/16/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/18/2024 | 10-Q |
| 06/30/2024 | 07/19/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/20/2023 | 10-Q |
| 06/30/2023 | 07/21/2023 | 10-Q |
| 03/31/2023 | 04/21/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 10/21/2022 | 10-Q |
| 06/30/2022 | 07/22/2022 | 10-Q |
| 03/31/2022 | 04/22/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
| 09/30/2021 | 10/22/2021 | 10-Q |
| 06/30/2021 | 07/16/2021 | 10-Q |
| 03/31/2021 | 04/23/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 10/23/2020 | 10-Q |
| 06/30/2020 | 07/17/2020 | 10-Q |
| 03/31/2020 | 04/24/2020 | 10-Q |
| 12/31/2019 | 02/21/2020 | 10-K |
| 09/30/2019 | 10/25/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q2 2026 Earnings Reported 7/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Organic sales growth | 0.0% | 0.0% | Affirmed | Guidance: 0.0% for 2026 | |||
| 2026 Adjusted operating margin | 10.5% | 10.75% | 11.0% | 0.0% | Affirmed | Guidance: 10.75% for 2026 | |
| 2026 Operating cash flow | 1.20 Bil | 0.0% | Affirmed | Guidance: 1.20 Bil for 2026 | |||
| 2026 Capex, net, % of sales | 0.05 | 0.0% | Affirmed | Guidance: 0.05 for 2026 | |||
| 2026 LVP growth | -2.5% | -1.5% | Lowered | Guidance: -1.0% for 2026 | |||
| 2026 FX impact on net sales | 0.03 | -0.5% | Lowered | Guidance: 0.03 for 2026 | |||
| 2026 Tax rate | 30.0% | 2.0% | Raised | Guidance: 28.0% for 2026 | |||
| 2026 Share repurchases | 300.00 Mil | 400.00 Mil | 500.00 Mil | 0.0% | Affirmed | Guidance: 400.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 4/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Organic sales growth | 0.0% | Affirmed | Guidance: 0.0% for 2026 | ||||
| 2026 Adjusted operating margin | 10.5% | 10.75% | 11.0% | 0.0% | Affirmed | Guidance: 10.75% for 2026 | |
| 2026 Operating cash flow | 1.20 Bil | 0.0% | Affirmed | Guidance: 1.20 Bil for 2026 | |||
| 2026 Capex, net, % of sales | 0.05 | 0.0% | Affirmed | Guidance: 0.05 for 2026 | |||
| 2026 LVP growth | -1.0% | 0.0% | Affirmed | Guidance: -1.0% for 2026 | |||
| 2026 FX impact on net sales | 0.03 | 200.0% | 2.0% | Raised | Guidance: 0.01 for 2026 | ||
| 2026 Tax rate | 28.0% | 0.0% | Affirmed | Guidance: 28.0% for 2026 | |||
| 2026 Share repurchases | 300.00 Mil | 400.00 Mil | 500.00 Mil | ||||
Q4 2025 Earnings Reported 1/30/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Organic sales growth | 0.0% | -3.0% | Lowered | Guidance: 3.0% for 2025 | |||
| 2026 Adjusted operating margin | 10.5% | 10.75% | 11.0% | 0.5% | Raised | Guidance: 10.25% for 2025 | |
| 2026 Operating cash flow | 1.20 Bil | 0.0% | Affirmed | Guidance: 1.20 Bil for 2025 | |||
| 2026 Capex, net, % of sales | 0.05 | 0.5% | Raised | Guidance: 0.04 for 2025 | |||
| 2026 LVP growth | -1.0% | ||||||
| 2026 FX impact on net sales | 0.01 | ||||||
| 2026 Tax rate | 28.0% | ||||||
Q3 2025 Earnings Reported 10/17/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Organic sales growth | 3.0% | 0.0% | Affirmed | Guidance: 3.0% for 2025 | |||
| 2025 Adjusted operating margin | 10.0% | 10.25% | 10.5% | 0.0% | Affirmed | Guidance: 10.25% for 2025 | |
| 2025 Operating cash flow | 1.20 Bil | 0.0% | Affirmed | Guidance: 1.20 Bil for 2025 | |||
| 2025 Capex, net, % of sales | 0.04 | -0.5% | Lowered | Guidance: 0.05 for 2025 | |||
Insider Activity
Updated 6/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Carlson, Jan | Direct | Sell | 6152026 | 130.00 | 19,607 | 2,548,930 | 7,800,060 | Form | |
| 2 | Kortuem, Franz-Josef | Direct | Sell | 2272026 | 120.40 | 8,300 | 999,349 | 668,119 | Form | |
| 3 | Jarlegren, Magnus | President, Autoliv Europe | Direct | Sell | 2262026 | 121.61 | 1,598 | 194,334 | 941,144 | Form |
| 4 | Hagstrom, Mikael | VP, Corporate Control | Direct | Sell | 2252026 | 122.03 | 496 | 60,527 | 149,365 | Form |
| 5 | Bratt, Mikael | President and CEO | Direct | Sell | 2252026 | 123.51 | 8,974 | 1,108,358 | 3,617,541 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Carlson, Jan | Direct | Sell | 6152026 | 130.00 | 19,607 | 2,548,930 | 7,800,060 | Form | |
| 2 | Kortuem, Franz-Josef | Direct | Sell | 2272026 | 120.40 | 8,300 | 999,349 | 668,119 | Form | |
| 3 | Jarlegren, Magnus | President, Autoliv Europe | Direct | Sell | 2262026 | 121.61 | 1,598 | 194,334 | 941,144 | Form |
| 4 | Hagstrom, Mikael | VP, Corporate Control | Direct | Sell | 2252026 | 122.03 | 496 | 60,527 | 149,365 | Form |
| 5 | Bratt, Mikael | President and CEO | Direct | Sell | 2252026 | 123.51 | 8,974 | 1,108,358 | 3,617,541 | Form |
| 6 | Swahn, Christian | EVP, Supply Chain Management | Direct | Sell | 2252026 | 122.03 | 1,478 | 180,360 | 648,467 | Form |
| 7 | Nellis, Anthony J | EVP Legal and General Counsel | Direct | Sell | 2252026 | 122.03 | 1,758 | 214,529 | 1,002,110 | Form |
| 8 | Jademyr, Per Jonas | EVP Quality and Proj. Mgmt | Direct | Sell | 2252026 | 122.03 | 1,278 | 155,954 | 239,545 | Form |
| 9 | Olsson, Staffan | EVP, Operations | Direct | Sell | 2192026 | 124.89 | 119 | 14,862 | 266,890 | Form |
| 10 | Carlson, Jan | Direct | Sell | 6122025 | 108.32 | 1,555 | 168,438 | 8,394,042 | Form |
Investor Activity (13F)
Updated Aug 6, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automotive Parts & Equipment Resources |
| AftermarketNews |
| Tire Review |
| Motor Age |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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