Gentex Corp

GNTX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$84.00	Jplclv	Qlwzwvb

Gentex's Fortress of a Balance Sheet Gives It Downside Protection

David Whiston

Sep 29, 2022

Business Strategy and Outlook

Gentex manufactures auto-dimming rear- and side-view mirrors that use electrochromic technology. These mirrors automatically darken to eliminate headlight glare for drivers and have many other applications. With over 2,000 patents worldwide, some valid through 2044, and a dominant 91% market share, up from 77% in 2003, Gentex has a narrow economic moat it should be able to protect for a long time, in our opinion.

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