MBLY
Mobileye N.V.
TMT
08/07/2015
Presented
| Date | 08/05/2015 |
| Price | $59.45 |
| Market Cap | $14.09B |
| Ent Value | $9.53B |
| P/E Ratio | N/A |
| Book Value | $1.93 |
| Div Yield | 0% |
| Shares O/S | 236.97M |
| Ave Daily Vol | 3,510,754 |
| Short Int | 9.68% |
Current
| Price | $12.17 |
| Market Cap | $9.87B |
| Mobileye NV engages in the designing and development of software and related technologies for camera-based advanced driver assistance systems. It operates through the following business segments: Original Equipment Manufacturing and After Market. The Original Equipment Manufacturing segment supplies systems on Chip, which includes core intelligence to be ultimately implemented within new vehicles through Tier 1 manufacturers who are system integrators to the automotive industry. The After Market segment engages in selling complete system, which offers advanced driver assistance functions to customers being primarily fleet commercial vehicles, fleet management system providers, new vehicle dealers and importers either directly, through distributors or through insurance companies. The company was founded by Ziv Aviram and Amnon Shashua in 1999 and is headquartered in Jerusalem, Israel. |
Please note, Mobileye reported earnings after the close on 8/5/2015.
Publicly traded companies mentioned herein: Autoliv Inc (ALV / ALIV SS), Bayerische Motoren Werke AG (BMW GR), Bosch Ltd (BOS IN), Continental AG (CON GR), Delphi Automotive PLC (DLPH), Google Inc (GOOG), Mobileye NV (MBLY)
Highlights
The presenter is short shares of Mobileye (MBLY) and cited a number of issues he views as potentially problematic for the leading designer and manufacturer of advanced driver assistance systems (ADAS). MBLY's chips and algorithms have been installed in cars since 2007 and cover basic functionality such as automatic braking and lane departure warnings, as well as more complex functionality and autonomous driving. The basic features are being put into more moderately priced cars (after being in higher end models only), and EU regulations mandate that all new vehicles be outfitted with these features by November 1, 2018. Bulls see MBLY winning substantial new business as technology advances (i.e., pedestrian / cyclist detection, speed limit sign recognition, detection of potholes and suspension adjustment, to name a few) and regulation requirements are met. However, the presenter is concerned about competition, ASPs and margins, and sees the potential for shares to trade down into the $20s over time.
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