Industrial technology company Vontier Corporation (VNT) in Raleigh, N.C., manufactures, distributes, and sells technical equipment, components, software, and services, and focuses on offering mobility solutions worldwide. VNT reported double-digit earnings and top-line growth for 2021, driven by demand for its solutions, order growth, and backlog trends. VNT’s core revenue grew 7.4% year-over-year for its full year 2021, while its net revenue increased 10.6% year-over-year to $2.9 billion .
Given the company’s promising financial and solid growth potential, VNT looks undervalued at its current price level. The stock’s 7.37 forward non-GAAP P/E ratio is 60.3% lower than the 18.56 industry average. Furthermore, with inflation hitting a new 40-year high last month, betting on quality value stock VNT could be rewarding.
