BMW GR

Bayerische Motoren Werke AG

Industrial/Transportation


Presented:06/22/2015
Price:€104.27
Cap:$75.31B
Current Price:€75.28
Cap:$52.56B

Presented

Date06/22/2015
Price€104.27
Market Cap$75.31B
Ent Value$169.29B
P/E Ratio11.5x
Book Value€54.66
Div Yield2.78%
Shares O/S656.49M
Ave Daily Vol190,000
Short IntN/A

Current

Price€75.28
Market Cap$52.56B
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, engages in the development, manufacture, and sale of cars and motorcycles worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment is involved in developing, manufacturing, assembling, and selling cars and off-road vehicles under the BMW, MINI, and Rolls-Royce brands, as well as provides spare parts and accessories. This segment sells its products through independent and authorized dealers. The Motorcycles segment develops, manufactures, assembles, and sells motorcycles under the brand name of BMW Motorrad, as well as offers spare parts and accessories. The Financial Services segment engages in car leasing, fleet business, multi-brand business, retail customer and dealer financing, customer deposit business, and insurance activities. Bayerische Motoren Werke Aktiengesellschaft was founded in 1916 and is based in Munich, Germany.

Public companies mentioned in the summary notes: Bayerische Motoren Werke AG (BMW GR) and Daimler (DAI GR)

Highlights

BMW has badly lagged the well-liked European auto sector, up just 8% year to date, principally on ongoing concerns about the company’s slowing growth in China. The presenter, however, believes that few investors have done the necessary work to quantify the severity of the slowdown, and furthermore BMW is being disproportionately punished by the market for being fully transparent about the extent of its China issues. Even after materially stress testing his China numbers, the presenter’s model still arrives at estimates that are in-line with or slightly above the Street. 

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Idea Discussion

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