Chart Events
Performance Outlook
| Previous Close | 216.50 |
| Open | 219.50 |
| Bid | 220.95 x 0 |
| Ask | 221.05 x 0 |
| Day's Range | 216.65 - 221.10 |
| 52 Week Range | 121.55 - 240.80 |
| Volume | 4,980,047 |
| Avg. Volume | 5,447,538 |
| Market Cap | 451.894B |
| Beta (5Y Monthly) | 1.21 |
| PE Ratio (TTM) | 19.13 |
| EPS (TTM) | 11.55 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 6.00 (2.72%) |
| Ex-Dividend Date | Apr 01, 2021 |
| 1y Target Est | 159.27 |
Fair Value
Related Research
- Financial Times
Volvo Cars: race to net zero marks revival of IPO plan
Volvo Cars has been waiting at the lights for years. The Swedish carmaker’s journey back to the stock market was halted in 2018 when Chinese owner Geely scrapped flotation. Now the company is considering an initial public offering.
- Bloomberg
Volvo Mulling IPO This Year After Abandoning Geely Merger
(Bloomberg) -- Volvo Cars said it’s considering an initial public offering months after calling off earlier plans to merge with Geely Automobile Holdings Ltd., the Chinese manufacturer owned by its parent.The board of the Swedish carmaker has decided to evaluate a possible listing on the Nasdaq Stockholm stock exchange later this year, according to a statement. Bloomberg News reported in March that owner Zhejiang Geely Holding Group Co. was considering an IPO that could value the business at around $20 billion.Volvo’s more than a decade under Chinese control has been a success story. While pandemic disruptions snapped a six-year streak of record sales, demand came roaring back and fueled record deliveries and profit in the second half. Geely has been a supportive owner, helping fund construction of the company’s first-ever U.S. car plant and the investment it will take to go fully electric by the end of the decade.“We have supported the transformation and growth of Volvo Cars for the last 10 years, enabling the company to become a true premium brand with improved profitability,” Eric Li, Geely Holding’s chairman, said in the statement. “Volvo Cars is especially well positioned to deliver continued growth and harness the full potential of electrification and the delivery of safe autonomous drive functions.” Geely Holding would remain a major shareholder of Volvo, which also announced that it has extended the contract of Chief Executive Officer Hakan Samuelsson to the end of next year. He’s led Volvo since 2012, two years after Geely acquired the company from Ford Motor Co. for just $1.8 billion.For all its success boosting Volvo’s value, Geely has struggled to cash in on its investment. It pursued an IPO in 2018 but shelved the idea after investors balked at its proposed valuation of as much as $30 billion, people familiar with the matter said at the time.(Updates with context in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Financial Times
Volvo and Daimler bet on hydrogen truck boom this decade
Hydrogen-powered heavy trucks capable of driving long distances are likely to reach a tipping point towards the end of the decade, according to the heads of the world’s two biggest truckmakers. Martin Daum, chair of industry leader Daimler Truck, told the Financial Times that while diesel trucks would dominate sales for the next three to four years, hydrogen would take off as fuel between 2027 and 2030 before going “steeply up”. Martin Lundstedt, chief executive of Volvo Group, which has just bought into a hydrogen joint venture with Daimler, said that after fuel-cell production started in 2025 there would be a “much steeper ramp-up” towards the end of the decade.
