|Bid||0.00 x 1200|
|Ask||0.00 x 1100|
|Day's Range||113.54 - 116.01|
|52 Week Range||111.06 - 130.93|
|PE Ratio (TTM)||15.30|
|Beta (3Y Monthly)||0.51|
|Expense Ratio (net)||0.43%|
Valuation multiples are widely used by investors to compare companies that are similar in size or business type in capital-intensive industries such as the automobile (IYK) sector. Let’s compare the valuation of mainstream auto companies Ford (F), Toyota (TM), General Motors (GM), and Fiat Chrysler (FCAU) this month.
Of the 22 Reuters-surveyed analysts covering Toyota (TM), ~68% recommend “buy,” and 32% recommend “hold.” In September, only 55% of these analysts suggested “buy.”
According to MarkLines Data Center, US auto sales (IYK) rose 0.1% YoY (year-over-year) to 1.36 million vehicles from ~1.35 million vehicles in October. In comparison, 1.43 million vehicles were sold in September.
Last week, Fiat Chrysler Automobiles (FCAU) stock continued to trade on a slightly positive note and rose 1.2% to close at $16.45.
As GM continues to focus on retail vehicle sales, investors can expect the positive trend in GM Financial’s revenue to continue in the coming quarters. GM Financial’s (or GMF) improved performance was mainly attributed to the company’s stable credit performance and portfolio growth.
In the third quarter, General Motors’ (GM) global market share fell to 8.6% from 10.0% in the third quarter of 2017. Similarly, the company’s market share in its participating markets also fell to 10.8% as compared to 11.8% a year ago.
What Went Wrong for Fiat Chrysler Automobiles in Q3 2018? In this article, we’ll see how FCAU’s balance sheet looks following its third-quarter earnings results and find out why FCAU has revised its 2018 debt position outlook.
In the third quarter, Fiat Chrysler Automobiles’ (FCAU) total revenue stood at 28.8 billion euros, or $32.6 billion, reflecting a handsome rise of ~9% YoY (year-over-year).
In the previous article, we discussed how Ford Motor Company’s (F) solid performance in North America and positive product mix helped boost its Automotive segment’s revenue.
In the previous part of this series, we looked at analyst expectations for General Motors’ (GM) third-quarter earnings. Estimates suggested minor weakness. Analysts don’t expect positive earnings growth for the company in the fourth quarter either. In addition to earnings estimates, investors should also be aware of Wall Street analysts’ ratings, as they may have an impact on the company’s stock price action. Now let’s explore what analysts are recommending for GM before its third-quarter earnings event.
As of October 18, Ford’s (F) forward EV-to-EBITDA multiple was 13.0x. In the past year, Ford’s EV-to-EBITDA multiple has eased, but it’s still much higher than many of its competitors. The multiples for General Motors (GM) and Fiat Chrysler (FCAU) are 7.8x and 1.7x, respectively.
In the second quarter, Ford Motor Company (F) reported automotive segment EBIT (earnings before interest and taxes) of $1.7 billion, down 52% YoY (year-over-year). Its automotive EBIT margins fell to 3.2% in the second quarter compared to 6.5% in the second quarter of 2017.
In the third quarter, Italian-American automaker Fiat Chrysler’s (FCAU) total Italy market sales reached ~95,000 vehicles units. This reflected a sharp drop of ~14.9% YoY (year-over-year).
According to the data compiled by MarkLines Data Center, Toyota (TM), the largest Japanese automaker, reported a solid YoY (year-over-year) increase of 17.7% in its September China sales to ~140,000 vehicle units. In August, the company’s Chinese market sales rose 22.6% YoY to 133,000 units. In comparison, Toyota’s US sales fell by 10.4% YoY to 203,098 units in September, still much higher than its Chinese market sales.
In the previous part of this series, we saw that Ford Motor Company (F) continued to report weakness in its Chinese market sales in September. In all three months of the third quarter, Ford’s China sales declined on a YoY (year-over-year) basis. The sales of its key brands—Changan Ford and JMC—faced a sharp YoY drop while Lincoln’s sales rose marginally. Now, let’s find out how General Motors’ (GM) China sales looked in the third quarter.
Ford Motor Company (F) sold about 64,383 vehicle units in China in September. This figure suggests a massive drop of ~43% from its Chinese sales (IYK) in September 2017. In July and August, the company’s China sales were even lower than September’s sales at 57,662 and 62,683 vehicle units, respectively.
According to the China Association of Automobile Manufacturers data compiled by MarkLines Data Center, vehicle sales (IYK) in the Chinese market stood at ~2.39 million vehicle units in September. This reflected a sharp 11.6% drop from Chinese auto sales in September 2017.
In the previous part of this series, we saw that analysts are expecting Harley-Davidson’s (HOG) third-quarter revenue to improve year-over-year. Despite weak US sales, expectations of improvement in international sales could be the main reasons for the positive estimates. Now let’s explore analysts’ estimates for Harley-Davidson’s profit margins for the third quarter.
Valuation multiples are widely used by investors to compare companies in highly capital-intensive industries like the automobile (IYK) sector. These multiples could be used to compare business entities that are similar in size or nature. Let’s see how the valuation multiples of mainstream auto companies Ford (F), Toyota (TM), General Motors (GM), and Fiat Chrysler (FCAU) are trending in October.
According to Thomson Reuters’ October 11 survey, about 55.0% of the 22 analysts covering Toyota recommended a “buy.” The remaining 45.0% of these analysts were cautious and suggested a “hold.” There were no “sell” recommendations.
Last week, which ended October 5, Fiat Chrysler stock (FCAU) continued to trade on a negative note and fell 0.7% to close at $17.38. Now, let’s take a look at some key support and resistance levels in Fiat Chrysler stock. On October 8, Fiat Chrysler stock was trading at $17.16, extending its losses in the last week.
In this series, we’ve looked at the September US vehicle sales of key auto giants (IYK) Fiat Chrysler Automobiles (FCAU), Honda Motor Company (HMC), and Toyota Motor (TM). While Italian-American automaker Fiat Chrysler reported a YoY (year-over-year) rise in its US sales last month, Japanese automakers Toyota and Honda registered weakness.
According to MarkLines Data Center, US auto sales stood at 1.43 million units in September, a fall of 6.0% from 1.52 million units in September 2017. While passenger car sales fell 20.7% in the United States, light truck sales rose 2.4% YoY (year-over-year) in September.
According to data compiled by MarkLines Data Center, September US auto sales (IYK) were 1.43 million vehicle units. That’s ~6% lower than 1.52 million in September 2017. US vehicle sales for September were also lower than 1.48 million in August.