Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads

Detalhes bibliográficos
Autor(a) principal: Azevedo, Bruno Alexandre Mota
Data de Publicação: 2020
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/115554
Resumo: This work project “Equity Research – Valuation of BMW” analyzes BMW’s business within the automotive industry. Given a strong demand for BMW’s luxury cars, e.g. SUVs, we estimate further modest sales growth of 1.2%-1.6% in a challenging environment. However, this imposes potential fines for missing EU CO2 fleet emission target but also finance the necessary R&D and CAPEX needs to master the current sector trends. This results in a lower operating profitability in the future. Our valuation for BMW yields a price target of €75.52 for FY20, which results in a 7.4% total shareholder return and hence, a HOLD recommendation.
id RCAP_2d7125902278212db6855d2f4be94421
oai_identifier_str oai:run.unl.pt:10362/115554
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroadsEquity researchAutomotive industryBMWValuationDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis work project “Equity Research – Valuation of BMW” analyzes BMW’s business within the automotive industry. Given a strong demand for BMW’s luxury cars, e.g. SUVs, we estimate further modest sales growth of 1.2%-1.6% in a challenging environment. However, this imposes potential fines for missing EU CO2 fleet emission target but also finance the necessary R&D and CAPEX needs to master the current sector trends. This results in a lower operating profitability in the future. Our valuation for BMW yields a price target of €75.52 for FY20, which results in a 7.4% total shareholder return and hence, a HOLD recommendation.Sá, Nuno Quartin Bastos de Vasconcelos eRUNAzevedo, Bruno Alexandre Mota2021-04-15T11:01:09Z2020-01-152020-01-032020-01-15T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/115554TID:202495213enginfo: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:RCAAP2024-03-11T04:58:06Zoai:run.unl.pt:10362/115554Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:42:47.179117Repositório 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 Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads
title Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads
spellingShingle Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads
Azevedo, Bruno Alexandre Mota
Equity research
Automotive industry
BMW
Valuation
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads
title_full Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads
title_fullStr Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads
title_full_unstemmed Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads
title_sort Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads
author Azevedo, Bruno Alexandre Mota
author_facet Azevedo, Bruno Alexandre Mota
author_role author
dc.contributor.none.fl_str_mv Sá, Nuno Quartin Bastos de Vasconcelos e
RUN
dc.contributor.author.fl_str_mv Azevedo, Bruno Alexandre Mota
dc.subject.por.fl_str_mv Equity research
Automotive industry
BMW
Valuation
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Equity research
Automotive industry
BMW
Valuation
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This work project “Equity Research – Valuation of BMW” analyzes BMW’s business within the automotive industry. Given a strong demand for BMW’s luxury cars, e.g. SUVs, we estimate further modest sales growth of 1.2%-1.6% in a challenging environment. However, this imposes potential fines for missing EU CO2 fleet emission target but also finance the necessary R&D and CAPEX needs to master the current sector trends. This results in a lower operating profitability in the future. Our valuation for BMW yields a price target of €75.52 for FY20, which results in a 7.4% total shareholder return and hence, a HOLD recommendation.
publishDate 2020
dc.date.none.fl_str_mv 2020-01-15
2020-01-03
2020-01-15T00:00:00Z
2021-04-15T11:01:09Z
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/10362/115554
TID:202495213
url http://hdl.handle.net/10362/115554
identifier_str_mv TID:202495213
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
instname_str 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
repository.mail.fl_str_mv
_version_ 1799138039018029056

Registros relacionados