VOW3 GR

Volkswagen AG

Industrial/Transportation


Presented:05/12/2023
Price:€119.24
Cap:$66.58B
Current Price:€91.78
Cap:$51.24B

Presented

Date05/12/2023
Price€119.24
Market Cap$66.58B
Ent Value$249.75B
P/E Ratio4.02x
Book Value€301.73
Div Yield12.8%
Shares O/S501.30M
Ave Daily Vol1,190,847
Short IntN/A

Current

Price€91.78
Market Cap$51.24B
Volkswagen AG engages in the production and sale of passenger cars and light commercial vehicles. The firm also develops vehicles and components for the brands of the group. It operates through following segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment includes the development of vehicles, engines and vehicle software, the production and sale of passenger cars and light commercial vehicles, and the corresponding genuine parts business. The Commercial Vehicles segment covers the development, production, and sale of trucks, and buses, and the corresponding genuine parts business and related services. The Power Engineering segment deals with the development and production of large-bore diesel engines, turbomachinery, and propulsion components business. The Financial Services segment involves dealer and customer financing, leasing, banking, insurance, and fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany.

Publicly traded companies mentioned herein: Porsche AG (P911 GR), Volkswagen AG (VOW3 GR)

Highlights

The presenter is long the preferred shares of Volkswagen AG (VOW3 GR), which trades at €119 per share, representing an incredibly discounted valuation when compared to his €377 SOTP valuation, or €266 using strongly haircut asset values. He attributes this massive gap mainly to bearish concerns over VW’s positioning in China but argues that the impact to valuation is overstated given its JVs in China make up a small portion of the overall business.

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Idea Discussion

Commentor 1 - 2 weeks ago

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