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logoMorningstarFebruary 03, 2021

VNE: Veoneer Sets Stage for High Growth With Q4, Initiates 2021 Guidance; Maintaining $24 FVE

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Summary

Veoneer designs, develops, and makes safety electronics for the global automotive industry. Passive safety products include sensors, electronic control units, and software used to prepare seat belt pretensioners, and to deploy airbags in a collision. Active safety products include sensors, electronic control units, and software that enable advanced driver assistance systems, or ADAS, highly automated driving, or HAD, and autonomous driving, or AD. Veoneer also provides brake system electronic control units and software in the U.S. Roughly one-third of revenue comes from ea

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Analyst Profile

Richard Hilgert

Senior Equity Analyst
Richard Hilgert is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers automotive stocks.Hilgert has more than 25 years of experience in automotive industry research, analysis, and forecasting. Before joining Morningstar in 2010, he founded Automotive Financial Research, LLC, a firm that published financial research reports focusing on automotive companies and special industry topics. Before founding Automotive Financial Research, Hilgert provided automotive industry research for Roland Berger Strategy Consultants in Troy, Michigan.From 2004 through 2007, he was director/lead analyst, responsible for Fitch’s credit ratings of the domestic automotive supplier sector.Before joining Fitch, Hilgert covered automotive stocks for Oppenheimer for seven years in Detroit. Previously, he worked in the equity research departments of Stifel Nicolaus from 1995 to 1997 and A.G. Edwards from 1989 to 1995, covering automotive and other industrial companies.Hilgert holds a bachelor’s degree in business administration from Illinois Wesleyan University and a master’s degree in finance from St. Louis University. He is a member of the Society of Automotive Analysts and the Society of Automotive Engineers.