Equity research in the automotive industry: valuation of BMW: BMW’s success at crossroads
Autor(a) principal: | |
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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. |
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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 |
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1799138039018029056 |