BMW group equity research - a shift in gear
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/133499 |
Resumo: | This Work Project consists of an Equity Research, focused on the intrinsic valuation of the company BMW AG. A sum of the parts valuation model is used to quantify the value of the firms’ businesses that range from car and motorcycle manufacturing to financial services. Although BMW enjoys a strong branding power, challenges in the form of innovative competition in the EVs segment, production disruption due to a shortage of semiconductor chips and possible government intervention in key regions severely decrease growth possibilities. We forecast a sales growth in the region of 1.2%-3.0% after 2022 and slightly increasing margins. Our result yields a HOLD recommendation with 5.1% shareholder return for FY2022. |
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BMW group equity research - a shift in gearValuationElectric vehiclesAutomotive industryBmw groupShare priceBMW equity researchDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis Work Project consists of an Equity Research, focused on the intrinsic valuation of the company BMW AG. A sum of the parts valuation model is used to quantify the value of the firms’ businesses that range from car and motorcycle manufacturing to financial services. Although BMW enjoys a strong branding power, challenges in the form of innovative competition in the EVs segment, production disruption due to a shortage of semiconductor chips and possible government intervention in key regions severely decrease growth possibilities. We forecast a sales growth in the region of 1.2%-3.0% after 2022 and slightly increasing margins. Our result yields a HOLD recommendation with 5.1% shareholder return for FY2022.Sá, Nuno Quartin Bastos de Vasconcelos eRUNGanhão, Gonçalo Almeida Pélico Veiga2022-02-24T17:16:56Z2021-09-212021-09-072021-09-21T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/133499TID:202837564enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:12:08Zoai:run.unl.pt:10362/133499Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:47:49.385798Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
BMW group equity research - a shift in gear |
title |
BMW group equity research - a shift in gear |
spellingShingle |
BMW group equity research - a shift in gear Ganhão, Gonçalo Almeida Pélico Veiga Valuation Electric vehicles Automotive industry Bmw group Share price BMW equity research Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
BMW group equity research - a shift in gear |
title_full |
BMW group equity research - a shift in gear |
title_fullStr |
BMW group equity research - a shift in gear |
title_full_unstemmed |
BMW group equity research - a shift in gear |
title_sort |
BMW group equity research - a shift in gear |
author |
Ganhão, Gonçalo Almeida Pélico Veiga |
author_facet |
Ganhão, Gonçalo Almeida Pélico Veiga |
author_role |
author |
dc.contributor.none.fl_str_mv |
Sá, Nuno Quartin Bastos de Vasconcelos e RUN |
dc.contributor.author.fl_str_mv |
Ganhão, Gonçalo Almeida Pélico Veiga |
dc.subject.por.fl_str_mv |
Valuation Electric vehicles Automotive industry Bmw group Share price BMW equity research Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Valuation Electric vehicles Automotive industry Bmw group Share price BMW equity research Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This Work Project consists of an Equity Research, focused on the intrinsic valuation of the company BMW AG. A sum of the parts valuation model is used to quantify the value of the firms’ businesses that range from car and motorcycle manufacturing to financial services. Although BMW enjoys a strong branding power, challenges in the form of innovative competition in the EVs segment, production disruption due to a shortage of semiconductor chips and possible government intervention in key regions severely decrease growth possibilities. We forecast a sales growth in the region of 1.2%-3.0% after 2022 and slightly increasing margins. Our result yields a HOLD recommendation with 5.1% shareholder return for FY2022. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-09-21 2021-09-07 2021-09-21T00:00:00Z 2022-02-24T17:16:56Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/133499 TID:202837564 |
url |
http://hdl.handle.net/10362/133499 |
identifier_str_mv |
TID:202837564 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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