TKA GR

ThyssenKrupp AG

Industrial/Transportation, Event Driven/Special Sit


Presented:05/19/2017
Price:€23.09
Cap:$14.55B
Current Price:€3.15
Cap:$2.18B

Presented

Date05/19/2017
Price€23.09
Market Cap$14.55B
Ent Value$20.91B
P/E Ratio39.81x
Book Value€4.87
Div Yield0.01%
Shares O/S565.94M
Ave Daily Vol2,574,933
Short IntN/A

Current

Price€3.15
Market Cap$2.18B
ThyssenKrupp AG engages in the production of steel. It operates through the following business areas: Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe, and Steel Americas. The Components Technology business area offers components for the automotive, construction, and engineering sectors. The Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. The Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. The Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. The Steel Europe business area involves in the flat carbon steel activities. The Steel Americas business area produces, processes, and markets steel products in North and South America. The company was founded on March 17, 1999 and is headquartered in Essen, Germany.

Publicly traded companies mentioned herein: Kone OYJ (KNEBV FH), Tata Steel (TTST LI, TATA IN), thyssenkrupp AG (TKA GR)

Highlights

The presenter is long shares of thyssenkrupp (TKA GR), seeing a sum of the parts valuation that would place TKA in the €30 – €38 Euros range, versus €23 today. He believes TKA shares will be catalyzed by the successful formation of a steel JV with Tata Steel, which would eliminate a lot of the pension overhang that has historically pressured the company.

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Idea Discussion

Commentor 1 - 2 weeks ago

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