10 Most Profitable European Stocks To Invest In

2. Aptiv PLC (NYSE:APTV)

Upside Potential: 38.68%

5-Year Net Income CAGR: 19.21%

TTM Net Income: $2.42 Billion 

Aptiv PLC (NYSE:APTV) is a technology and mobility architecture company that designs and manufactures vehicle components. The company also offers electrical and active safety technology solutions to the global automotive and commercial vehicle markets.

Aptiv PLC (NYSE:APTV) is playing a vital role in transforming transportation into a more sustainable industry by providing cleaner and smarter mobility solutions. The company has a global reach across 50 countries and has over 138 manufacturing facilities and 11 technical centres. The company is operating its centers in diverse markets including high-growth regions such as China and Eastern Europe.

The company has strategic partnerships with leading firms including Hyundai, Nvidia, and Uber. These collaborations improve the firm’s position as a leader in ADAS and autonomous driving technologies. In addition to that, the company is focused on its long-term policy on China’s flourishing autonomous vehicle market, which adds to its competitive advantage.

In the third quarter of 2023, the company’s adjusted operating income margin improved to 12.2%, up from 11% a year ago, despite a 5% drop in revenue from Q3 2023. Aptiv PLC (NYSE:APTV) is also expanding its operations in India, which is one of the growing markets for automobile. The company expanded its facility in Chennai with an investment of over $45 million to produce advanced cockpit controllers, radars, and electronic control units for local and international markets.