CON GR
Continental Aktiengesellschaft
Industrial/Transportation
05/20/2014
Presented
| Date | 05/15/2014 |
| Price | €163.20 |
| Market Cap | $34.60B |
| Ent Value | $39.59B |
| P/E Ratio | 20.06x |
| Book Value | €52.44 |
| Div Yield | 1.2% |
| Shares O/S | 200.01M |
| Ave Daily Vol | 490,000 |
| Short Int | N/A |
Current
| Price | €58.72 |
| Market Cap | $13.08B |
| Continental Aktiengesellschaft provides various products and services primarily for the automotive industry worldwide. The company’s Chassis & Safety division develops and produces electronic and hydraulic brake systems, passive safety and sensorics, advanced driver assistance systems, and chassis components. Its Powertrain division offers gasoline and diesel systems, including sensors, actuators, and tailor-made electronics; fuel supply systems; engine management and transmission control units; and systems and components for hybrid and electric drives. The company’s Interior division provides individual components, as well as integrated systems and electronics for cockpit modules; radio, navigation, and multimedia systems, as well as software solutions; and central body control units, closure systems, seat comfort systems, keyless access control and start systems, tire information systems, and outside lighting control units. This division also provides electronic products, systems, and services for commercial and special vehicles; products for specialized workshops; spare parts for the independent aftermarket; and original equipment services under the brand names of Continental, VDO, ATE, and Barum. Its Tires division develops and manufactures tires for passenger cars, trucks, buses, construction site vehicles, special vehicles, motorcycles, and bicycles under the brand names of Continental, Uniroyal, Semperit, General Tire, Viking, Gislaved, Euzkadi, Sime Tyres, Barum, Mabor, and Matador brand names. The company’s ContiTech division develops and produces air spring systems, surface materials, rubber compounds and sheets, conveyor belts, elastomer coatings, power transmission, fluid technologies, and vibration controls for passenger car and commercial vehicle, mining and printing, machinery and plant construction, aviation and aerospace, and railway engineering industries. Continental Aktiengesellschaft was founded in 1871 and is headquartered in Hanover, Germany. |
Public companies mentioned herein: Continental AG (CON GR), Michelin (ML FP), Goodyear (GT)
Highlights
The presenter wants to own auto suppliers that are positioned for structural growth, and particularly those suppliers that stand to benefit from the trend of the importance of technology in the car. Continental AG, one of the dominant European auto suppliers, has meaningful exposure to advancing automotive technologies in safety and emissions systems, among others. The company is also well positioned to benefit from a potential Europe recovery, an improving tires cycle, and any potential strength in European heavy trucks.
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