|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||33.72 - 34.09|
|52 Week Range||27.00 - 34.12|
|PE Ratio (TTM)||8.89|
|Dividend & Yield||0.42 (1.25%)|
|1y Target Est||27.02|
Mizuho's Vijay Rakesh and Jason Getz met with SAIC Motor, which is one of China's largest auto suppliers and also a partner of General Motors (GM) and Volkswagen (VLKAY), which makes them more confident in the electric vehicle (EV) market in the nation. Rakesh and Getz expect SAIC (formerly Shanghai Automotive Industry Corporation) to introduce seven new EV models next year: Three of its own and two each from GM and Volkswagen. They write that EV is less of a challenge for the European automakers, but SAIC faces some challenges with the models, as its profit margins are "much slimmer:" they estimate in the low single digits.
When it comes to valuation metrics, though P/E and P/S are the first choices, the P/B ratio is also emerging as a convenient tool for identifying low-priced stocks that have high-growth prospects.
Big automakers are yet to escape recall woes. General Motors, Ford and Volkswagen AG face recalls once again.